Government Moves to Stabilize Mortgage Rates With Cash Additions
The Federal Home Loan Bank Board frees 800 million for home loan lending by relaxing liquidity rules from 7.4 to 7 percent. The Federal Home Loan Mortgage Corp adds 300 million for government backed loans and buys conventional loan participations with 700 million, aiming to lower rates. Preston Martin says the steps signal funding adequacy to ease rate pressure, not a freeze. President Nixon's wage price freeze excludes interest rates from the action.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Bank Board
Savings and Loan Associations
Federal Home Loan Mortgage Corp
Mortgage Loan Corporation
Preston Martin
Home Loan Bank Board
Savings and Loan
Nixon
Department of Housing and Urban Devellopment
Bids Accepted On Equipment At Zoo
Monroe City Council accepted bids on air conditioning equipment for the Louisiana Purchase Gardens and Zoo primate house and awarded to C. O. Horton Co. for Lamy Lane work. Four bidders listed include Agents Service Inc Weeks Supply Co Westbrook Co and John H Reed Co. Inc.
MENTIONED IN THIS ARTICLE
Monroe
Louisiana Purchase Gardens
Zoo Primate House
C. O. Horton Co
Lamy Lane
Qulhuliccu le
Louisville Avenue
Fire Department
D & J Construction Co
Five Points
DeSiard
Washington Streets
School lunch rules attacked by state directors
The school lunch directors of 37 states accuse the Agriculture Department of halting programs by August regs that limit how federal funds are spent. They warn final rules due Sept. 1 could end programs and block expansion to feed 3 to 5 million hungry children.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
Riaes
Aahi
Tewnh wAamila
USDA
America
Asst
Secretary of Agriculture
Richard Lyng
American School Food Service Association
Minneapolis
Lyng
ASFSA
Judge to order single member districts for Louisiana
U S District Judge E Gordon West announced he would sign a reapportionment plan drafted by court master Ed Steimel. The plan mandates single member Senate and House districts and represents a rejection of the 1971 legislature's plan. Newsmen received a copy in Baton Rouge.
MENTIONED IN THIS ARTICLE
Baton Rouge
U.S
E. Gordon West
Louisiana
Senate
House
West
Ed Steimel
Record heat tops U.S. states with 106 in Pierre South Dakota
The National Weather Service reported the highest temperature of the day excluding Hawaii and Alaska to be 106 degrees in Pierre South Dakota. A low of 32 degrees was noted at Pellston Michigan.
MENTIONED IN THIS ARTICLE
New York
UPI
National Weather Service
Hawaii
Alaska
Pierre
S. D
Pellston
Hich
Army Reserve Captain Fontana Completes Training at Ft Sam Houston
Twin Cities Chit Chat item notes Captain Julian M. Fontana son of Mr and Mrs Michael J Fontana of Monroe completed 15 days of annual active duty training with his unit at Ft Sam Houston Texas He earned a B S degree in 1961 from Northeast Louisiana University He is a pharmacist and will reopen meeting of The Loyal Order of the Moose Chapter 1723 at Lodge Hall West Monroe tonight at 8 p m
MENTIONED IN THIS ARTICLE
Army
Julian M. Fontana
Michael J. Fontana
Pargould Blvd
Monroe
Ft Sam Houston
Tex
Capt. Fontana
Northeast Louisiana University
Baton Rouge
Loyal Order of the Moose
West Monroe
Dollar Drops In Value On Europe Marts
The U S dollar weakened across European markets while gaining strength in Tokyo as Japan refused to raise the Yen. Dealers note big operators unloading dollars. U S imports in Europe could become cheaper under Nixon policy.
MENTIONED IN THIS ARTICLE
Europe
London
U.S
Tokyo
Japan
Toshio Kimura
Nixon
Geneva
Nathaniel Samuels
Gatt Gatt
Frankfurt
Paris
Beirut
Poverty Cure Hope Lies in Prices and Taxes
A whimsical note quips that while poverty may remain, the current price and tax regime will certainly cure wealth, poking fun at economic policy and living costs.
Diabetics Learn Life Saving Skills At Summer Camp
Diabetic children ages 6 to 16 attend two week Eagle's Nest Camp in Brevard North Carolina learning self insulin injections urine testing and meal planning. The Greenville Lay Society runs the camp with NC and SC diabetes associations assisting. Enrollees number 110 last week reflecting growth since 1968 when 19 attended.
MENTIONED IN THIS ARTICLE
Brevard
N.C
Eagle’s Nest Camp
Greenville Lay Society
South Carolina Diabetic Association
North Carolina Diabetes Association
Greenville
Eagle’s Nest
Harry Delcher
Durham
Veterans Administration Hospital
Delcher
U S Troops Put On Alert In Viet Crisis
Saigon reports the U S Command placed 220 000 American troops in Vietnam on a gray alert amid South Vietnam’s Presidential election crisis Thieu rejected Ky’s plan for resignations and a new vote while U S officials ponder policy adjustments if Thieu runs unopposed and the National Assembly vote proceeds.
MENTIONED IN THIS ARTICLE
U. S
Saigon
U.S
Vietnam
South Vietnam
Nguyen van Thieu
Neuven Cao Ky
Thieu
National Assembly
Ellsworth Bunker
United States
Continued Cloudy Skies In Area
Monroe area remains mostly cloudy with warm temperatures through Wednesday. Thunder potential in the afternoon and evening. highs 90 to 94 with lows 70 to 74. Humid conditions, light winds, dew points in the 70s, and about 80 percent sunshine. FAA Monroe Municipal data show 92 high on Monday and 70 low. precipitation for Monday near 0.51 inch.
MENTIONED IN THIS ARTICLE
Monroe
Federal Aviation Agency
Monroe Municipal
River Stage Changes Show Flood Risk Amid Rising Levels
River stages report rising levels with Camden at 264.5 and Monroe at 40 as flood conditions develop. Authorities monitor multiple gauges and issue advisories for impacted areas.
MENTIONED IN THIS ARTICLE
Camden
Monroe
Mississippi Democrats vote in runoff for governor
Moderate to brisk turnout reported across Mississippi as Lt. Gov. Charles Sullivan and Jackson attorney Bill Waller compete in the Democratic runoff. Counties varied in turnout with strong showings in Harrison and Jackson, while Waller claimed a statewide polling edge. Ballots close at 8 p.m. with hand counts in most counties and Swan’s 128,966 votes influencing the race.
MENTIONED IN THIS ARTICLE
Mississippi
Charles Sullivan
Jackson
Bill Waller
Sullivan
Waller
Harrison County
Hinds County
Lincoln County
Montgomery County
Union County
Warren County
Leflore
Waller and Sullivan
Charles Evers
P.m
Jimmy Swan
Swan
Chloe Heads Toward Yucatán Peninsula From Atlantic Low
Tropical depression Chloe moves west northwest toward the Yucatán peninsula about 150 miles east-southeast of Chetumal Mexico. Forecasters expect it to regain strength before reaching the coast as winds top 35 mph. A second Atlantic low lies about 150 miles southeast of Grand Turk Island with favorable conditions for development.
MENTIONED IN THIS ARTICLE
Miami
Chloe
Yucatan Peninsula
Atlantic
Bahamas
Chetumal
Mexico
National Hurricane Center
Grand Turk Island
Market rally pushes Dow above 900 threshold
The stock market rally continued with the Dow Jones average rising to 1909.77 at midday, led by gains in steels, rubber, mail order retail, farm implements, electronics, metals, oils, airlines and glamour stocks. Analysts cited investor optimism from Nixon policy shifts and a government move to loosen housing funds with $800 million freed by reducing liquidity rules.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Federal Home Loan Bank Board
Savings and Loan Associations
Monroe business record shows strong local buying power
A nationwide survey by Sales Management finds Monroe outperformed many areas in 1970 with retail sales of over 164.7 million dollars. Local earnings totaled 146.39 million, or about 8462 dollars per household, indicating a sturdy economy despite national recession and high unemployment.
MENTIONED IN THIS ARTICLE
New York
Monroe
United States
Canada to retire Bomarc missiles in defense shift
Ottawa reports Canada will retire two squadrons of nuclear tipped Bomarc missiles but keep nuclear equipped interceptor aircraft for North American defense. The white paper shows forces rising from 82 000 to 83 000 by April 1 1973 and defense budget near the 1.8 billion ceiling for 1972 73, with a small pre planned increase.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
United States
Also Mentioned on This Page
Zoo
Monroe Civic Center
Bayou DeSiard
Pargoud Street
U.S. Department of Justice
Rodney E. Leonard
Community Nutrition Institute
Bulletin
Twin Cities
Bank of Japan
Inside the News-Star
Abby
Lowman
Radio-Tv
van Dellen
News-Star
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