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Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Jun 16, 1972
Page
30
OCR text fragment shows scattered ticker symbols and percentages with no coherent event. Key entities and concrete facts are missing, leaving an unreadable snapshot of a market page rather than a usable news item.
The article explains the concept of a variable rate mortgage tied to market rates with periodic adjustments every five years. It warns the arrangement benefits lenders in rising rate periods but could help borrowers if rates fall, depending on penalties for prepayment and the chosen payment strategy.
The May Department Stores Co forecasts a favorable U S business climate for the last half of the year and the 1970s. It notes 42 percent annual growth, unemployment and inflation concerns, rising young adult markets, slower population growth, faster non white growth, more working women and faster female growth.
Selected stocks on the American Stock Exchange show varied moves with Aerojet, Am Pet, Kaiserind, PacNwW, and Frontier Air among others. The report lists high, low, last and change figures, noting overall market activity on a trading day in New York.
Deemer Negley, 39, of Shippensburg, Pa., died after his tractor-trailer collided with another truck on the Pennsylvania Turnpike about one mile east of the Allegheny Tunnel. The other driver escaped unharmed.
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