Tough Housing Credit Tests Building Boom
The tightening of FHA and VA housing credit will test the building boom later in the year. No down payment or 30 year mortgages are ending, requiring more cash and higher monthly payments. The changes may slow demand for homes, especially for lower income buyers, while some builders see a delayed impact.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Federal Housing Administration
Veterans Administration
FHA
Quiet Wall Street Dip Struggles Amid Mixed Blue Chips
New York stocks eased in light trading with the Associated Press average off 1.90 as big names fluctuated. Bethlehem Steel General Motors and Standard Oil (NJ) rose while American Telephone U.S. Steel Chrysler Goodyear Du Pont and Electric etc. fell or held. Approximate 1 p.m. volume was two million shares with 1,190,000 shares sold by 1 p.m. and 2,190,000 yesterday.
MENTIONED IN THIS ARTICLE
New York
Bethlehem Steel
General Motors
Standard Oil
Douglas Aircraft
Seaboard Railroad
American Cyanamid
Kennecott Copper
American Telephone
U.S. Steel
Chrysler
Goodyear
du Pont
General Electric
New York Central
Eastern Air Lines
Associated Press
Private School Charter Given To Three Men
Three Raleigh men obtained a charter for Raleigh Private Schools Inc to operate private educational institutions. Incorporators Vaughan S. Winborne William Noble Starling and John H Anderson signed the charter filed with Secretary of State Thad Eure. Winborne declined comment including whether the charter followed a suggestion to charter private schools to avoid racial integration.
MENTIONED IN THIS ARTICLE
Raleigh
Raleigh Private Schools, Inc
Thad Eure
Vaughan S. Winborne
William Noble Starling
John H. Anderson
University of North Carolina
Winborne
Asst. Atty. Gen. I. Beverly Lake
Communities Charter Penstock
Privae
Japan Buys Nearly Three Million Tons of U S Coal in 1954
Japan purchased almost three million tons of U S coal in 1954. Public belief holds that killing a stork brings bad luck.
MENTIONED IN THIS ARTICLE
Japan
U. S
Lawsuit seeks abolishment of Lake Park
West Palm Beach Florida A suit filed in Circuit Court seeks to abolish the town of Lake Park north of the city. John D Arthur a Chicago insurance man who controls most of the towns real estate alleges his company paid $35000 in 1954 taxes but received no adequate municipal services. GREENSBORO Ballistics experts study a .22 slug from the body of George D Putnam shot by Ransom L Chafin Chafin 58 lives across the street from the victims home. RALEIGH Dr Wade T Parker 52 Fayetteville physician is free on $1000 bond after being charged by SBI with two counts of obtaining narcotics by fraud deceit and misrepresentation. The arrest stems from an ongoing Fayetteville area narcotics probe.
MENTIONED IN THIS ARTICLE
West Palm Beach
Fla
Lake Park
John D. MacArthur
Chicago
Greensboro
Washington
George D. Putnam
Ransom L. Chafin
Chafin
Putnam
Raleigh
Wade T. Parker
Fayetteville
State Bureau of Investigation
SBI
James Powell
Feyetteville
Chapel Hill schools eye Aug. 15 policy statement on integration
In Chapel Hill the school board votes to study racial integration for two more weeks. An Aug. 15 statement would reference Gov. Hodges' integration report to be broadcast next Monday. Board chair Carl Smith says integration is feasible though undesirable. At Fort Bragg Gen. Maxwell D. Taylor and Maj. Gen. Ridgely Gaither inspect VIII Airborne facilities as Taylor arrives from a night flight.
MENTIONED IN THIS ARTICLE
Chapel Hill
N.C. P
Hodges
Carl Smith
FT. Bragg
N.C
Maxwell D. Taylor
Army
Ridgely Gaither
Viii Airborne Corps
Ft. Bene R
Taylor
Tear gas timed theft shocks Carr Motor Co in Fayetteville
In Fayetteville, an overnight burglary at Carr Motor Co ended in tears as workers found a safe opened with tear gas bombs inside. About $1,000 was reported missing before the scene settled.
MENTIONED IN THIS ARTICLE
Fayetteville
N.C
Carr Motor Co
Puzzled Pigeon Paroled By Lincolnton Police
In Lincolnton North Carolina William Green surrendered a homing pigeon that tried to enter his home through a front screen door. The bird wore an engraved aluminum band reading AU-55-CNC.87 and had no known pigeon fanciers in the area. Police released the vagrant to Green’s custody.
MENTIONED IN THIS ARTICLE
Lincolnton
N.C
William Green
Green
Weather map outline spans Tennessee to Pennsylvania
A weather map from AP Wirephoto shows activity across Tennessee and Ohio Valleys to Lake Erie and western Pennsylvania. Another thunderstorm area covers the northern Plains and upper Mississippi Valley. Scattered showers are seen in New Mexico.
MENTIONED IN THIS ARTICLE
Tennessee
Ohio
Lake Erie
Pennsylvania
Plains
Mississippi Valley
New Mexico
Charlotte Weather Summary for Today and Tomorrow
Official Weather Bureau records show today high 92, low 67 with tonight 69. Tomorrow’s high 94, low 69, sunset 7 24 p.m. and sunrise 5 28 a.m. Data cover 24 hours to 7 30 a.m. in Charlotte.
MENTIONED IN THIS ARTICLE
Charlotte
Official Weather Bureau
H. L. Pr
Asheville
Atlanta
Chicago
Columbia
Denver
Detroit
Greensboro
Greenville
S.C
Little Rock
Los Angeles
Memphis Verte
New York
Forecast for Carolinas and Virginia with hot, sunny periods
North Carolina expects sunny hot weather with scattered storms in mountains and across zones, highs near 90 to 96, lows 60s to 70s. South Carolina remains warm humid with a few isolated thundershowers. Virginia turns mostly sunny and hot with highs 90 to 98 and warm nights, while some cloudiness continues. Mercury has no satellites, Tropic of Cancer lies 1,600 miles north.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Virginia
Heat Forecasts Persist Across Nation In August
The Weather Bureau reports continued extreme heat with only brief relief from showers in parts of the Northeast, Great Lakes, and Far West. Plains states posted readings from 95 to over 100, with Pierre and Philip 107 as top marks. Brenda tropical storm weakens as it tracks inland bringing rainfall from Alabama to Mississippi and eastern Louisiana.
MENTIONED IN THIS ARTICLE
Great Lakes
Plains States
Pierre
Philip $.D
Southwest Desert
Blythe
el Centro
Calif
Yuma
Ariz
Plains
Southwest
Rothern Great Lakes
Pacific Northwest
Pacific
Brenda
Louisiana
Alabama
Mississippi
Mobile
Ala
Also Mentioned on This Page
Corporation Eeeberee
Alleghany Corporation
Allied Chemical & Dyes
Allis Chalmers Mfg
American Can
Cccccecseee
American Smelt &Ref
American Tel & Telscessccessaire
American Tobacco
Atchison, Top & SF Dabecsassane
Atlantic Coast Line
Canada Dry
Canadian Pacific
Cannon Mills
Dupot de Nemour Bascéiertaeane
Eastern Air L
National Distillers
Eeereeeee — National Lead
Pacific Mills
Esseeresenes
Ces Pictures
Penney A
Radio Corporation
Sssesesses
Republic Steel Ce Vecevevectoes
Reynolds
Esceseeeses
Seaboard al RR
Sears Roebuck
Southern Pacific
Eseseseees
Southern Scrapie
Sperry Corp Vo
Stevens, J.P. Co
Sylvania Elec
Texas Company
Parbaburiessee
Tex Gulf Products
Texas Gulf Sulphur
Textron Corporation
Trans & Western Air
Union Carbide
Union Pacific
Ekeeebescesencus
United Airlines
United Aircraft Eee
United Corporation
United Fruit Tee
United Gas Imp
United States Rubber
U.S. Smelting & Ref
United States Steel
Cseee
Vanadium Corporation
Vick Chemical Eee
Virginia-Care Chemical
West Auto Supp
West Maryland
Western Union
Zenith Radio
Eeesesseeesell
Dean
Oya
Call
Bragg
Federal Savings and Loan Insurance Corporation
Piedmont
RC Bot rTee
U.S. Weather Bureau
Department of Commerce
Ofizo
Weather Bureau
New England
Texas
Oldsmobile
Olds
HIGHLAND MOTORS, _ inc
N. Main ST
Mercury
San Antonio
San Francisco
Wilmington
High Point
N. C
Enterprise
Dupont Dacron
Z. P. Long
E. Farriss
R. A. Parker
Fifth ST
John Russell
Centennial Ave
Arilees
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