Government moves to stabilize mortgage rates and boost lending
The FHLBB cuts cash reserve requirements freeing up to 800 million for home loan lending while the FHLMC lowers loan costs and adds 300 million to buy FHA and VA mortgages. Preston Martin says the steps should halt rising mortgage rates and spur lenders to continue financing housing, amid broader economic pressures.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Home Loan Bank Board
FHLBB
Savings and
Federal, Home Loan Mortgage Corporation
FHLMC
Martin
Savings and Loan
Extension of wage price controls in post freeze era foreseen
Commerce Secretary Maurice H. Stans said some form of mandatory wage price controls would be required after Nixon’s 90 day wage price rent freeze ends on November 12. He noted the Cost of Living Council will craft a long term anti inflation program and discussed mortgage rate stabilization and loan availability for home buyers.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce
Maurice H. Stans
Nixon
Stans
Cost of Living Council
Government of Action
Treasury
John B. Connally
Connally
Abc-Tv
State probes Maricopa tax data processing by private firm
Arlo Woolery, director of the Arizona Department of Property Valuation, questions the legality of Maricopa County using a private computer company to process property tax rolls. He plans to seek an Attorney General opinion and invites the county to hand over the work. County Assessor Kenneth Kunes opposes, warning of loss of county control and reliability.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Maricopa County
State Department of Property Valuation
Arlo Woolery
Gary Nelson
Woolery
Maricopa
Pima
Greenlee
Kenneth Kunes
Youth speakers discuss ESP and Inner Dynamics at YMCA
A group of 11 young people from across the country will address ESP and self confidence at the Phoenix YMCA on Wednesday and Thursday at 7:30 p.m. The Inner Peace Movement caravan has toured Denver Seattle San Francisco and Los Angeles and funds its lectures through donations. The Phoenix YMCA sits at 350 North First Avenue.
MENTIONED IN THIS ARTICLE
Phoenix Ymca
Inner Peace Movement
Denver
Seattle
San Francisco
Los Angeles
First Ave
Thieves Steal Tools From Ray Korte Chevrolet Service Lot
Mechanics tools valued at 530 dollars were stolen from the service department of Ray Korte Chevrolet on 7224 E Mc Dowell Rd. between 6 p.m. Friday and 7 a.m. Monday. Burglars pried open the front gate to gain entry and appeared to know the location of the tools.
MENTIONED IN THIS ARTICLE
Service Department
Ray Korte Chevrolet
E. McDowell Rd
Police Probe Three Vehicle Mishaps In City Streets
Police investigated three noninjury motor vehicle accidents on Monday. One involved a car and a van at 7145 E First St at 2 45 p m. The second was two cars at Indian School and Miller Roads at 4 48 p m. The third involved two cars at Scottsdale and Osborn Roads at 4 30 p m.
MENTIONED IN THIS ARTICLE
First St
Indian School
Miller Roads
Scottsdale and
Osborn Roads
Youth exposure incident near Mohave School reported
Police reported a 14 year old male exposed himself to three girls aged about 10 near Mohave School grounds on Monday. The suspect wore a blue shirt tied around his waist, weighed about 110 pounds with light brown hair and acne.
MENTIONED IN THIS ARTICLE
Mohave
Stock market closes higher amid mixed industry gains
Dow Jones interim averages show broad gains led by industrials up 11.75, trans 4.04, utilities 0.09, overall up 3.81. Major components include DuPont 1.5 and General Motors up 0.84, with other firms such as IBM 3.18 and Xerox 21.8 rising. list reflects a rally across multiple sectors after midday trading.
MENTIONED IN THIS ARTICLE
Indus
Alcoa
American Can
American Motors
At&t
Arizona Public Sve
Bell & Howell
Bendix
Bethlehem Steel
Boeing
Chrysler
CBS
DuPont
Eastern Air Lines
Eastman
Emerson
Fairchild Camera
Ford Motors
Frontier
General Dynamics
General Electric
General Motors
General Telephone
Goodyear
Honeywell
IBM’ S
Intl Nickel
It&t
Johns Manville
Kennecott
Litton
Marcor
Minnesota Mining
Motorola
North Amn Rockwell
Northrup
Owens Illinois
Pan American
Pg&e
Penn Central
Pepsico
Polaroid
Raytheon
RCA
San Diego
G&e
Santa Fe
Sears Roebuck
Skaggs
Southern Pacific
Sperry Rand
Standard of Calif
Standard of NJ
Texaco
Trans America
TWA Mee
Union Oil
JS Steel
Webb
Xerox
Zenith
Roush Named New Superior Court Judge in Maricopa County
Scottsdale attorney Charles D. Roush aged 33 will assume office September 20 as Maricopa County gains a newly created 27th Superior Court Division. Governor Jack Williams appointed him after Roush served as general cochairman of Williams 1970 reelection campaign and supported Williams Phoenix mayoral bid in 1954.
MENTIONED IN THIS ARTICLE
Scottsdale
Charles D. Roush
Maricopa County
Roush
Phoenix
Dow Ben Roush
27Th Superior Court
Jack Williams
Cochairman
Williams
Dollar selling rattles calm in currency markets
A rush to sell dollars for West German marks disrupted two days of calm in European currency trading. The Frankfurt official rate fell to 3.3960 marks per dollar, a 7.2 percent devaluation from the prefloat rate of 3.66. Dutch Belgian and Swiss currencies rose against the dollar while the pound steadied.
MENTIONED IN THIS ARTICLE
London
UPI
Frankfurt
Crash victim Doyle Hamberlin listed in fair condition
Doyle Hamberlin 31, injured in a Sunday car crash that also killed Shirley Lester 26, of Phoenix. Hamberlin was in fair condition in the ICU at Scottsdale Memorial Hospital this morning as hospital officials reported improvement from Monday. Lester died at the hospital two hours after the 6:50 p.m. crash at 74th Street and McDowell Road.
MENTIONED IN THIS ARTICLE
Doyle Hamberlin
Phoenix
Scottsdale Memorial Hospital
Shirley Lester
Evergreen
74Th Street
McDowell Road
Obituary: Lewis Arthur Platts 68 Development Manager
Lewis Arthur Platts 68 development manager for International Accountants Society Inc Scottsdale died Sunday in St Luke's Hospital He joined the society in 1939 and moved to this area in 1969 A Pittsburgh native he had lived in Chicago Detroit and Colorado Springs He is survived by wife Marguerite son W Wallace Platts Huntsville Ala daughter Carol Chipita Park Colo brother E M Platts Scottsdale two sisters out of state and four grandchildren Services are set for 11 am Wednesday at Messinger Mortuary 7601 E Indian School Rd Burial will be in Green Acres Cemetery.
MENTIONED IN THIS ARTICLE
Lewis Arthur Platts
International Accountants Society, Inc
Scottsdale
St. Luke’s Hospital
Mr. Platts
E. Latham
Pittsburgh
Chicago
Detroit
Colorado Springs
Marguerite
W. Wallace Platts
Huntsville
Ala
Carol
Chipita Park
Colo
E. M. Platts
Messinger Mortuary
Indian School Rd
Green ~Acres Cemetery
Hope to Begin Filming Cancel My Reservation in Phoenix
Filming starts Wednesday in Phoenix on a motion picture titled Cancel My Reservation starring Bob Hope. The modern mystery adventure adapts Louis L Amour’s Broken Gun, with Arthur Marx and Robert Fisher writing, Gordon Oliver producing, and Paul Bogart directing. Eva Marie Saint Ralph Bellamy Keenan Wynne Forrest Tucker Chief Dan George Doodles Weaver and Betty Carr co star with Hope. Principal sequence begins at Sky Harbor Airport Wednesday.
MENTIONED IN THIS ARTICLE
Phoenix
Bob Hope
Arthur Marx
Robert Fisher
Louis L’amour
Gordon Oliver
Paul Bogart
Eva Marie Saint
Ralph Bellamy
Keenan Wynne
Forrest Tucker
Dan George
Doodles” Weaver
Betty Carr
Miss Carr
Hope
Sky Harbor Airport
Also Mentioned on This Page
S-and-L’s
County Computer
United Press International
F. I. du Pont, Glore Forgan & Co
Dow Jones
Rijes
Mortucey
East Indian School Road
A. A. Towne
Europe
International Monetary Fund
IMF
Japan
U.S
Christ Jesus
Matt
Jesus
Earth
Christian Science
First Church OF Christ, Scientist
Fifth Avenue
KMEO
Lewis Sta-Preste
Levi
N. Brown Ave
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!