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Real estate boom cools as money market tightens in New York
New York real estate loses steam amid tighter money markets and high mortgage rates. Builders face reduced mortgage volumes and potential declines in high prices, while savings banks and loan societies absorb deposits for real estate investments. Elsewhere, an 8 year old heroine rescues a drowning friend in Jersey City, a Brooklyn dive reveals risky stunts, a hair tonic fire incident in a barber shop shocks patrons, and local foretaste of hay fever relief with Foley’s Honey and Tar. Public schools reopen in Bumpter with 168 pupils.
MENTIONED IN THIS ARTICLE
New York
Dulness
Bilding and Loan Comnies
Jersey City
Jessie de Young
Nellie
Jessie
Nellie Drew
Payenne
Brooklyn Bridge
Tonte