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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jun 18, 1961
Page
11
The Avalanche Journal reports a down week for steel issues as prices fell daily from Monday to Friday. Volume stayed light while the week ended with a big 15.40 drop from the previous close, amid price cut news and a 702.29 weekly high. Analyst Charles E. Carden provides the wrap.
A collage of small ads highlights Comet Rice Mills offering a bridal cost-cutting booklet and 10¢ box tops, pest control products d Con Roach Prufe and d Con Ant Prue, broker notices for W C Dub Cline, a King Edward’s contest with prizes, and Columbia Steel Tank Company promoting rigid steel buildings with local references to The Avalanche Journal.
A long list details families from multiple states being relocated under a congress authorized moving program begun in 1966. The report includes names and addresses of displaced households, payments to individuals and businesses, and notes about interview processes and housing options.
The article describes relocation efforts with most families moving into standard housing and 7.6 percent into substandard quarters. It notes a shift toward rehousing within urban renewal and cites William L. Slayton on deteriorated housing prompting relocations. Federal requirements for focal relocation plans are mentioned as key to funding.
The item lists multiple home prices and buyers including Earl Nichols 4812 18th at 16 990 Empire Builders 132 4th St Tim 71 Turquette 217 Lind Bernice St 23 500 Gaston Peterson 5420 plus moving cost notes and an option.
Using a 7 percent depreciation rate, the home’s value falls and the mortgage remains higher by about $5,000 under the one year plan.
A long article discusses modern home plans with built ins and pantry changes, pricing for 1981, and financing options. It cites Hiawatha Estes and various banks, detailing 30 year vs 2 year plans, payments, and potential equity impacts. The piece mentions Kerrville, Texas and other locations, plus real estate finance context.
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