27 Aug 1966
Page 1
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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 27, 1966
Page
1
Frederick observers report a national tight money shortage has reached the area, prompting stricter bank loan standards, higher down payments, and fewer home purchases. Bankers note tougher conventional loan terms and reluctance to fund county farms amid rising prices and drought concerns.
Viet Nam casualty reports sparked shock as families faced conflicting notices of death and disappearance. Defense Dept defended its system while tracing a Woodsboro case through Ft. Detrick officials, noting priority to killed-in-action reports and promising continued compassionate aid to dependents amid legal woes and relief issues.
Distributors paid higher bottling milk prices in early August with the Agriculture Department reporting an average rise of about half a cent per quart. Dealer buying prices across about 165 markets averaged 5.99 dollars per hundred pounds, up 21 cents from July and 58 cents from a year earlier.
Dissidents plan further demonstrations in Chicago area despite an agreement with King and city leaders on open housing. CORE and West Side Organization pledge new actions in Cicero while Gov Kerner and National Guard readiness loom. In Milwaukee area, over 1,000 whites jeer a Negro group facing restrictive FEO membership claims as Knowles considers guard deployment.
Frederick city volunteers fear four new one-way streets will delay fire responses and worsen emergencies. Chiefs Troxell Whitmore Walsh Mastrino say crews were not consulted before Aldermen approved Church Third eastbound and Second Fourth westbound changes. Whitmore warns delays on Church Street and Market Street traffic complicate calls, while Mastrino sees little effect for United Fire Company.
New York stocks fall amid worries over tight money Viet Nam inflation and potential recession. Dow Jones average slides to 780.56 with the Associated Press tally at 280.1 as blue chips tumble and trading volume rises.
Frederick completes a five year renovation with willow green carpet in the executive offices and visitor hall marking the final phase of upgrades. The $1700 carpet, chosen to avoid tile replacement, completes a shift from the old movie house style building once described by a Baltimore newspaper, with tile floors remaining on the first and third floors.
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