Mortgage money tightens as loan funds vanish
Mortgage lenders report scarce funds and high interest rates. Savings and loan officials say disintermediation to money markets and government securities has reduced inflows. Rates on new home loans are around 8 percent, with belt-tightening and many offices stopping new applications.
MENTIONED IN THIS ARTICLE
Ted Pollard
Savings and Loan
Allen Bechtel
Citizens Savings & Loan Association
Citizens
S&l
Treasury
Paul Steigerwald
American Savings and Loan Association
Spirit of ’76 Drum Corps Lives in Salem Veteran’s Band
Frank B. Neal leads the Spirit of ’76 Drum and Fife Corps, a Salem area group since the 1920s. The band, now down to two original drummers and a fife player, preserves Revolutionary War tunes and Civil War era pieces learned from a visiting Army major. Neal, living in Miami, visits Middletown this week with his son, reflecting on 50 years of trophies, records, and a bicentennial dream.
MENTIONED IN THIS ARTICLE
John Kiesewetter
Journal
Frank B. Neal
76 Drum and Fife Corps
Neal
Salem
Ill
Tri-State
Miami, Fla
Middletown
Frank C
Cincinnati Gas & Electric Co
Gettysburg
Lincoln
Gilroy
Concord Bridge
Paul Revere
Georgia
Redbird
Cincinnati
Gus Grissom
Nixon
Onone
Tas
Nathan Meredith
Loader theft shocks King Wrecking in Middletown
Rubin Slovin, president of King Wrecking Co. in Cincinnati, reports the loss of a $55,000 front end loader stolen from a downtown Middletown job site. He fears project delays while a replacement is sought. Elizabeth Giles, owner of the equipment leased from Giles Wrecking & Demolition, says the theft is unprecedented and notes the loader was locked and insured.
MENTIONED IN THIS ARTICLE
Rubin Slovin
King Wrecking Co
Cincinnati
Middletown
Slovin
King
Central Avenue
Elizabeth Giles
Fire at Smith Park and nearby incidents
A fire at Smith Park sent Joseph Prickett to hospital after a seizure at 11:05 a.m. Mary Gorman, 60, was transported for breathing difficulty, and Bonnie Brown, 19, had convulsions. A car fire at 612 Richardson Drive caused $200 damage from a fuel line leak. All others in good condition.
MENTIONED IN THIS ARTICLE
Smith Park
Joseph Prickett
S. Main St
Mary Gorman
Forest Ave
Bonnie Brown
Woodridge Drive
Richardson Drive
Vernon Highly
N. Marshall Road
Split classes in 7 Middletown elementary schools
For the second year, seven Middletown elementary schools use split classes with students from different grades in one classroom to keep class sizes down. The program relies on self study and mixed groups, enrolling both enriched learning and maintained grade level progression, with careful screening of students and teachers.
MENTIONED IN THIS ARTICLE
David Flick
Middletown
Rossella Harper
Harper
Marion McEvoy
Central
Monroe
Sherman
Wilson
Springhill
Rosedale
Wildwood
City Hearing Tonight on Taxi Fare Increases
A City Commission public hearing tonight at 7 will decide whether to raise taxi rates from 70 cents to 90 cents for the first mile and 30 to 50 cents for each additional mile, with waiting time proposed to rise from 3 to 10 dollars per hour. The request comes from Middletown Taxi Co Inc, 77 Taxi Co Inc, and Yellow Cab Co Inc. City Manager Dale Helsel recommends 80/40 cent mile rates and $6 hourly wait. The commission is also set to approve an HUD open space grant of 113568 for acquisition and development.
MENTIONED IN THIS ARTICLE
City Commission
City Building Commission
Middletown Taxi Co. Inc
77 Taxi Co. Inc
Yellow Cab Co
Police Briefs Cover Thefts From Car Warehouses And Homes
A set of golf clubs worth 450 was stolen from Michael Daly’s car after a vent window was pried. A warehouse at Diamond International Corp. was entered and a vending machine stolen. Coins were taken from a Mokry Tesmer Machine Shop vending machine. Dorothy Harris reported tools stolen from her garage. Commissioners planned to meet to ne the legislation and deliver it to Columbus by Sept. 15. the grant approved in May totals 227 136 with matching funds. The 20 acre Jefferson Road playfield near George M Verity Middle School will host baseball and football facilities. plans involve City Planning Commission and Park Department.
MENTIONED IN THIS ARTICLE
Michael Daly
Barbara Court
Diamond International Corp
N. Main
Mokry Tesmer
Clayton St
Jefferson Road
Columbus
George M. Verity
Smith Park
Park Department
Board of Education
City Planning Commission
City Commission
Also Mentioned on This Page
Calvin Lloyd
Middletown Federal Savings & Loan
Thrift Association
Eee
S&L’s
Jacque Sheley
Dayton Homebuilders Association
Frank Neal
RARE
Weith
Brezel Blvd
Middletown, Ohio
Area News
U.S. Eee of Housing and Urban Development
Dorothy Harris
Crawford St
Tata Ee Ey
Itizens Savings and Loan Association
S. Breiel Blvd
Central Ave
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