Mortgage Terms Are Extended To Thirty-Year VA FHA Loans
Washington reports the VA and FHA will permit government-backed mortgage loans to run up to 30 years again. Earl W. Smith of the National Association of Home Builders praised the move while banker George W. Warnecke questioned its long term impact. The agencies kept a 2 percent down payment for GI loans and an added 2 percent down on FHA loans. Smith called it encouraging for affordable housing.
MENTIONED IN THIS ARTICLE
Washington
Earl W. Smith
National Assn. of
Veterans Administration
Federal Housing Administration
George W. Warnecke
New York
FHA
Smith
Ford Stock Buyers Have Quick Profit
New York reports Ford Motor shares opened with immediate profit as stock traded above the offering price. Premiums surpassed $5 per share while SEC clearance allowed limited trading and allotments, with totals guiding planned NYSE move by March and multiple exchange listings.
MENTIONED IN THIS ARTICLE
New York
Ford Motor
Securities and Exchange Commission
SEC
Ford Compan
Blyth & Co
Ford
New York Stock Exchange
State halts Raleigh Wilmington bus schedule changes
The State Utilities Commission tabled proposed reductions in Greyhound service between Raleigh and Wilmington for further study after rider protests. Affected departures include 6:15 a.m. from Raleigh, 5:15 p.m. from Wilmington, and 11:30 a.m. from Raleigh.
MENTIONED IN THIS ARTICLE
Raleigh
Wilmington
State Utilities Commission
Greyhound Bus Corp
Judges and Rep File for State Board Seats in North Carolina
Two Superior Court judges and a U S representative paid filing fees to the State Board of Elections to become candidates. Rep George A Shuford of Asheville paid 225 dollars while Judges Hugh B Campbell of Charlotte and Hamilton C Hobgood of Louisburg paid 110 dollars each. Filing fees equal one percent of a position's salary.
MENTIONED IN THIS ARTICLE
Raleigh
Superior Court
U.S
State Board of Elections
George A. Shuford
Asheville
Hugh B. Campbell
Charlotte
Hamilton C. Hobgood
Louisburg
Highway Damage Reports Exaggerated by Official
Raleigh reports that damage to the Outer Banks Highway between Oregon Inlet and Hatteras Village was overstated. Highway Chairman A H Graham said only about five feet of the road actually washed out, not zero feet as earlier claimed, with other sections also damaged along the corridor toward Kitty Hawk.
MENTIONED IN THIS ARTICLE
Raleigh
Outer Banks
Oregon Inlet
Hatteras Village
A. H. Graham
Graham
Southern Pines Officials Meet Over U S 1 Reroute
City leaders from towns along U S 1 gathered in Southern Pines at the call of Mayor Wont Gilmore to discuss mutual problems and the possible rerouting of highway sections.
MENTIONED IN THIS ARTICLE
Southern Pines
N.C
U.S. 1
Wont Gilmore
Gilmore
Mixed New York Stocks as Ford and Motors Fluctuate
Trading in New York mixed stocks showed Ford stock active with fast turnover and a 68 69 percent range at noon. General Motors opened up on strong volume, Chrysler gained slightly, while many major names including Dow, Gulf Oil and Procter & Gamble logged modest moves amid broad fractional changes.
MENTIONED IN THIS ARTICLE
New York
Ford
General Motors
Chrysler
Bache & Company
American Can Co
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Bethlehem Seal
Burlington Mills Corp
Chrysler Corp
New York Central
Cone Mills Corp
Sarelina
Douglas Aircraft
Rsmo Hoeaoe de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Fastman Air
Greyhound Corp
General Mic
Riots Rampage in Bombay as Curfews Lifted and Troops Stand by
Rioters clash with police across Bombay over Nehru's state plan. Four killed in three days bringing the toll to ten in Bombay State. Army units stand by and a 24 hour curfew blocks the industrial north while dusk to dawn curfews spread. A general strike, led by leftist unions, seeks a Marathi state capital. Police detain Communist leader S A Dange as violence disrupts factories and transport.
MENTIONED IN THIS ARTICLE
Bombay
India
Nehru
New Delhi
World Federation of Trade Unions
Billy Graham
Moroarji Desai
Harrell Involved In Fist Fight in Jacksonville
In Jacksonville North Carolina Hubert Harrell a beer inspector and Marvin Morgan owner of Marvin's Bar fought near the police station after Morgan accused Harrell of alleging minor sales by bars. Both filed assault charges and Morgan's tavern faced a nine day suspension by the ABC board on Harrell's recommendation.
MENTIONED IN THIS ARTICLE
Jacksonville
N. C
Onslow County
Hubert Harrell
Harrell
Marvin Morgan
Marvin
Morgan
ABC
Coble Dairy Co op Names New Officers
Bishop C Leonard Jr was reelected president of Coble Cooperative Dairies Inc at the second annual stockholders meeting in Lexington North Carolina. Nine vice presidents, 34 directors and an executive board were elected with Luther S Allen named general manager and Leonard Fields Eston Stokes and Ed Young among executive board members.
MENTIONED IN THIS ARTICLE
Lexington
N.C
Bishop C. Leonard Jr
Salisbury
Coble Co-operative Dairies, Inc
Charlie Phillips
Thomasville
Sam Wehunt
Lincolnton
Wesley Watts
Fayetteville
Max Waldroup
Murphy
H. C. Hall
Anderson
S.C
A. F. Cook
Greenville
Leonard, Fields, Stokes, Young and Hall
Leonard
Pensacola Police Chief seeks dismissal of two patrolmen
Police Chief Crosby Hall requests firing of George C. McLarty and Randall H. Sellers after charges of immorality neglect of duty and insubordination. The duo faced accusations tied to an alleged attempted incident involving two Black women and gunfire at a Black neighbor’s home. No injuries were reported.
MENTIONED IN THIS ARTICLE
Pensacola
Fla
Crosby Hall
George C. McLarty
Randall H. Sellers
Civil Service Board
Seers
McLarty
Sellers
F. Churchill Mellen
Mellen
C.A.) Augustus
Hall
Augustus
Duke Power Faces Fare Hike Amid Bus Losses in 1955
At a Raleigh hearing the State Utilities Commission heard Duke Power claim a 1955 operating loss of over $107,000 on Durham buses. Duke seeks to raise Durham fares from 10 to 15 cents, projecting only a 0.27 percent return in 1956 and about $87,000 more annual revenue. Durham opposes the increase citing insufficient study time. A Greensboro rate case and a 10 cent campus fare at Duke University were also noted.
MENTIONED IN THIS ARTICLE
Raleigh
State Utilities Commission
Duke Power Co
Durham
Duke
Glen A. Coen
Co. V. Jones
Duke University
States Pass Segregation Bills In Georgia And Alabama
Georgia Senate approves four segregation bills to preserve white school separation and to limit integration despite a pending House review. Alabama Senate and House back measures defying Supreme Court rulings with a Freedom of Choice plan and a resolution negating segregation rulings. Four Alabama dissenters oppose the House resolution.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia
Alabama
Senate
Marvin Griffin
Eral
Griffin
House
U.S. Supreme Court
Supreme Court
Long Wins in Mississippi and Louisiana Primary Returns
The piece notes Earl Long winning a Louisiana governor race with a landslide as voting machines debut. It highlights his statewide campaign style including a hillbilly band, 500 speeches, and raffling food baskets to counter voter apathy. It recalls Long’s prior terms 1939-40 and a 1952 attempt to name Carlos Spahy as successor.
MENTIONED IN THIS ARTICLE
Louisiana
Long
Earl Long
Morrison
Preaus
Carlos Spahy
Kennon
Red China official arrives in Prague after East Berlin
Prague radio reports Ishal Chu Teh vice president of Red China arrived from Hungary following a visit to East Berlin. The trip places him in transit through Central Europe, marking a notable diplomatic stop in Prague.
MENTIONED IN THIS ARTICLE
Red China
Prague
Vienna
Ishal Chu Teh
Hungary
East Berlin
Negroes Admitted To Police Ball On Segregated Basis
In San Antonio Texas police voted to admit Negroes to their annual ball only on a segregated basis. A deadlock blocked a non segregated or whites only option. Police chief George Bichsel had earlier said the event would not be segregated and proposed the compromise with Negro officers urging fair, equal admission.
MENTIONED IN THIS ARTICLE
San Antonio
Tex.p
George Bichsel
Also Mentioned on This Page
Ford Foundation
Coble Dairy Co-op
Toby Craddock
Corpus Christi
Tex
Betty Craddock
Toby
N.C. Motor Carriers Also
Mississippi
R. R. Rogers
Johnson St
Mann Drug CO
Blue Cross
Wright
High Point, N
Weathertron
GENERAL @ ELECTRIC
Zett
Ting
State
N. Main ST
Monark
DuPont
Monark Shade Co
Oo Nee
Sues
Liberal Terms Furniture Store
S.wrenn ST
Prt
S. Main ST
Piedmont Natural Gas Company
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