Down Payment Rules Relaxed for Home Purchases
The Federal Reserve Board announced eased down payment requirements under Regulation X effective Wednesday. Purchasers can pay 20 to 50 percent less than current rules, with the least expensive homes now requiring as little as 3 percent and options reducing to 40 percent maximum for higher priced houses. The move shifts the burden on many buyers and narrows previous down payment scales.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
TV Stations Bring Mother's View Of Son's Graduation
Dorothy Mills Compton, bedridden with multiple sclerosis, watched her son Robert, 21, graduate from the Naval Academy via a KTTV newsreel telecast. The Times, owner of KTTV, arranged with WMAR Baltimore to screen specially made graduation movies, flown to Los Angeles for broadcast.
MENTIONED IN THIS ARTICLE
LOS Angeles
Dorothy Mills Compton
Naval Academy
Annapolis
Robert
Los Angeles Times
the Times
KTTV
Baltimore
WMAR
Japan calls Soviet repatriation report propaganda
TOKYO AP A Foreign Office dismissed a report that Russia would repatriate 182000 Japanese POWs if Japan signs a separate peace as Soviet propaganda. The message, sent from Hong Kong by Mrs Tomi Kora, a Japanese MP, claimed Moscow would press for prisoner release in a separate peace.
MENTIONED IN THIS ARTICLE
Tokyo
Russia
Japan
Foreign Office
Hong Kong
Tomi Kora
Peiping
Kora
Red China
Komakichi Matsuoka
Soviet Union
Divorce Suits Filed In Circuit Court Here
Three divorce suits were filed in circuit court here. Paul Strauch seeks custody of a minor child from Violet Strauch. they were married in Callaway county March 10, 1950. Paul H Prenger sues Ruby Prenger. married June 1, 1945 and separated Jan 18, 1952. Norma Morland sues Benjamin F Morland. married May 17, 1947 and separated May 28, 1953. she seeks custody of a minor child and a monthly support payment.
MENTIONED IN THIS ARTICLE
Paul Strauch
Jefferson City
Violet
Strauch
Callaway County
Paul H. Prenger
Ruby Prenger
Norma Morland
Benjamin F. Morland
Housing mortgage terms loosened to aid buyers and builders
New lending terms set lower down payments on homes to 40 percent for 25 000 plus priced houses and sliding scales between 10 and 40 percent for mid range values. Time to repay mortgages remains 23 years for under 12 000 and 20 years for higher prices, with veterans allowed longer if hardship shown. Officials doubt the move will greatly boost boom level home construction toward a million houses this year.
MENTIONED IN THIS ARTICLE
Veterans Administration
al Jready
MANIAC computer speeds binary problem solving at Los Alamos
At Los Alamos a new computer nicknamed MANIAC uses binary arithmetic to handle mathematical tasks. It processes numbers in eight millionths of a second, returning results later, about 100000 times faster than a trained desk calculator. It reads decimals, converts to binary, and works through complex atomic research calculations.
MENTIONED IN THIS ARTICLE
Los Alamos
N. M
Rvaier
Scien
University of California Scientific Laboratory
Maniac
Million dollar dice game convict dies in prison hospital
Salva Moretti a 49 year old gambler and racketeer in the New York New Jersey underworld died in the state prison hospital of a cerebral hemorrhage. He fell ill May 6 the day scheduled for a parole hearing. Moretti's brother Willie was killed last year in a restaurant in a gangland style shooting.
MENTIONED IN THIS ARTICLE
Trenton
WN. J
Salvatore
Sally) Moretti
New York-New Jersey
State Prison
Cone
Moretti
Willie
Births in Bonnois Mill and Hermann communities
Charles E Sei San is a newborn to Mr and Mrs Sylvest Haslag born Saturday in Bonnois Mill. A son to Mr and Mrs Eugene Haessner born Sunday in Hermann.
MENTIONED IN THIS ARTICLE
Charles E. Sei San
Sylvest Haslag
Bonnois
Eugene Haessner
Hermann
Promises Another Performance At Second Funeral
Colorado farmer Jim Gernhart 76 repeats a grand funeral idea after a turnout under 100 for his second service. He plans a third service next June, citing a $75,000 estate to relatives. The evangelistic service in St Marys Hall drew far fewer attendees than last year’s $15,000 event.
MENTIONED IN THIS ARTICLE
Burlington
Colo
Jim Gernhart
Herkeeper
S. H. Mahaffey
Kanorado
Kas
St. Mary’s
Andttendants
Joseph Kalas
Meta
Gernhart
Paulla
Hirschman
Columbia
Cliff
Lake of
Ozarks
Christ
Harold Siebeneck
Jefferson City
Francis van Loo
E. McCartyr
Ste. Gernhart
Also Mentioned on This Page
Reds
Post-Tribune
Missouri
Pepatrinie
Radio
U. S
Saat
Eeavea
Securities
Central Trust
Dial
Midwest Stock Exchange
Kidal
Central Dairy
State Theatre
Central
Central Milk
Bergen County
N. J
Joe Adonis
Joan
Ansonal
Wren
Fiseomal
Lawrence Coat
Inance CO
Jefferson Wey Mo
I. Terry
Colorado
Shell
Capital City Telephone Company
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