Down Payments On Homes to Rise
Government plans tighter housing credits will require larger down payments for both new and old homes. FHA VA rules to be issued within two weeks tighten access to government insured mortgages up to 75 percent of value, with caps near 14 000 dollars, and higher minimums than prior. Federal Reserve drafts additional private lender restraints to accompany the changes.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Veterans Administration
FHA
Truman
Ing Homes
Federal Reserve Board
Strike in Vienna as 30 agitators arrested
Vienna authorities report a general strike in the United States sector with 8000 policemen patrolling the capital. About 30 agitators were arrested in the early hours as the Communist led mobilization aimed to paralyze Austria and blockade Vienna.
MENTIONED IN THIS ARTICLE
Vienna
Austria
United States
Rede
Much More to Come Editorial on Tax Increases
The piece notes a rise in individuals paying higher taxes from 14 to 20 percent, predicts a November tax bill could double the increase, and estimates a current $45 billion raise with a expected $12 billion more in 1951 tied to the Korean War. It suggests the year’s total income will reach nine and three.
MENTIONED IN THIS ARTICLE
Gong Io
Independent adopts new telephone number 70-5061
The Independent changes its telephone number to 70-5061 starting today after 12 years with 60-9624 and 70-5951 in use. Expanding news, circulation, and advertising departments necessitated the switchboard upgrade to better serve subscribers and advertisers in Long Beach. So Long Beach’s famous class idea phone number is now TOSOGI.
MENTIONED IN THIS ARTICLE
Independent
Long Beach
Tosogi
Prop 6 Hit As Crime Aid
Los Angeles reporters told a state Senate committee Prop 6 would let criminals prey on families if voters approve gambling legalization on November 7. The hearing, led by Sen. Ralph Swing, seeks to study the measure as taxes would fund a larger state welfare program. Elementary School Teacher Mra. M. Virginia Morris, president of the National Education Asia's, charged the proposal would harm children and parents alike.
MENTIONED IN THIS ARTICLE
Los Angeles
U.P
State Senate
Ralph Swing
San Bernardino
Mra. M. Virginia Morris
National Education Asia
Marines Capture Key Rail Center in Korea Action
United States Marines seized the rail and road hub of Uijongbu in South Korea as the Third Infantry Division heads to Korea under Far East command. Allied forces continue bombardment of Communist convoys from northwest staging areas near Manchuria while U.S. Air Force planes press the campaign on the peninsula.
MENTIONED IN THIS ARTICLE
Tokyo
U.P
United States Third Infantry
Korea
United Nations Combat Forces
United States
Uijongbu
38Th Parallel
Douglas MacArthur
United States Far East Command
Red
INS
Euat
Wonsan
United States Air Force
King-Size Slingshot Terrifies North Long Beach Residents
Alarm bells rang in North Long Beach when two teen boys with a large carved wooden slingshot roamed the streets. Residents reported the weapon could sling a six foot shot and feared its potential. Police confiscated the contraption after swift response from two patrolmen.
MENTIONED IN THIS ARTICLE
N.L.B
Paul Bonyen
North Long Beach
Folka Naver
Also Mentioned on This Page
Harold Hines
Beccause
Betty Hutton
Municipal Auditorium
Froin
Sess Freerercenrnermee Ey
Drew Pearson
Ray Tucker
J. A. Buckle
Sengubot
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