Home builders forecast late 1970s housing recovery cautions
Washington based National Association of Home Builders President Lewis Cenker warned the current slump remains severe though signs point to a mid year recovery. He noted housing starts and permits hit record lows, projected 1975 production about 1.45 million units, and urged policy action to stimulate noninflationary growth while securing new funds for mortgages.
MENTIONED IN THIS ARTICLE
Washington
National Association of Home Builders
Lewis Cenker
Cenker
Congress
Construction up 92 percent in Lorain County November
Dodge reports Lorain County total building at 7.03 million in November 1974 up from 3.66 million in 1973. Nonresidential work fell 49 percent to 18.5 million while residential slipped 19 percent to 28.9 million for the year to date. The county jail project led with 2.6 million awarded to J and R Construction Burns Inc and Lake Erie Electric.
MENTIONED IN THIS ARTICLE
Lorain County
F.W. Dodge
McGraw-Hill Information Systems Co
Nor-residential
Dodge
J and R Construction Co
Burns, Inc
Lake Erie Electric
New York
UPI
Texaco
Trans W Air
Taupty Ual Inc
Allid Chemical
Bey Allis Chalmers
Bos Akton
Woolworth Am Airlines Gup' Eton
Tela Am Can
Tx Zenith
Cyan
Sa Am Standard Am
T&t
Armco
Bendix
Ashland Oil
Heth Stec
Ad Richfield
Aveo Corpaly Celanse Ing
Chessle
Clark Oil BF
Eg&g Curtiss
Exxon
Hayes
Ohio
Panhandles
Goodrich
Godyear
Great A&p
Shell Oil
Stauffer
Greyhound Toledo
Gulf Oil
BM Corp
Pierre R. Smith Co
Kepcott
American Machine & Foundry
Kopper
American Ship Building
KraftCo
American Standart Bind
Chromakoy
Mobil Ou
Montarola
Nabisco
CPC International
Norfolk
Dart Ind
Owen Mit
Emerson
Pan Am Air Bee Fruehauf
Penn Central
Kapla Goodrich
Central Ind
Penney PepsiCola
Kewanee
Phil Pet
Koehring
Ste Polaroid
RCA Co
Ohio Edison National
Rep
Stee
Rockwell
Searle
G.D
Sears
Sybron
Rand
Tappan
Toledo Edison
Ind
Union Pacific Corp
Victor
Woolworth
F W
Food price decline not likely in 1975 statement
New Orleans UPI reports William J. Kuhfuss president of the American Farm Bureau warns that food prices will not fall in 1975. He blames government deficit financing as the root cause of inflation and cautions against using wage and price controls to mask inflationary spending by Congress.
MENTIONED IN THIS ARTICLE
New Orleans
UPI
American Farm Bureau
Congress
William J. Kuhfuss
Farm Bureau
Kuhfuss
Senate
Mike Mansfield
House
Carl Albert
Planning Christmas savings and emergency funds guidance
Credit counselors advise setting a Christmas savings goal and keeping it separate from other funds to curb spending. They suggest a second emergency fund of about 150 dollars for home and car costs, plus using tax exemptions to boost savings. Aim to keep debt under 20 percent of take home pay and housing costs under 33 percent of net income.
MENTIONED IN THIS ARTICLE
Horner
Johnny
Homer
Republic Steel studies fuel transfer for Elyria plant
Republic Steel analyzes moving natural gas supply between facilities in Ohio to ease 75 percent production cuts at the Elyria tubes plant. A transfer from the Youngstown Warren mill is under study, contingent on keeping that site operating. The Youngstown Warren mill employs about 9,000 workers. A $2.5 million electric welder installation at Elyria was delayed, delaying reliance on external gas sources until startup.
MENTIONED IN THIS ARTICLE
Republic Steel Corp
Elyria Steel and Tube
Ohio
Elyria
Columbia Gas
Elyria Steel and Tubes
Republic
Youngstown-Warren
East Ohio Gas Co
Fuel crisis eased at Elyria plant
A brief notice states the Elyria plant will implement steps to relieve the ongoing fuel shortage. Details are sparse but confirm action to ease supply. Local officials emphasize prompt measures and orderly distribution to customers.
MENTIONED IN THIS ARTICLE
Elyria
Steel production falls below '74 estimate
Cleveland AP reports Industry Week says steel finished product shipments in 1974 ranged well below the 109.5 million ton target and raw production ended the year at about 144.25 million net tons, 3.4 percent under 1973. It notes near capacity expected in 1975 due to energy, agricultural, and capital goods strength.
MENTIONED IN THIS ARTICLE
Cleveland
Industry Week
Bank ad urges loan instead of robbery after Newark heist
A Newark bank robbed for 13 252 21 urged the four men to seek a quick friendly loan rather than a gun raid. The Broad National Bank of Newark ran a 12 inch ad in the Newark Star Ledger praising banking services and overdraft protection as a safer option for solving financial problems.
MENTIONED IN THIS ARTICLE
Newark
UPI
Broad National Bank of Newark
Newark Star Ledger
Ford plants set records in 74
Ford Motor Company plants in Lorain and Avon Lake posted record 1974 results per manager Thomas Brand. Payroll rose to 121.1 million, employment averaged 8,579, materials outlays 16.2 million, hourly earnings 6.36, and total plant awards 85,932. Civic and corporate gifts reached 260,762 and 73,685 respectively. Total production was 409,873 units.
MENTIONED IN THIS ARTICLE
Ford Motor Company
Lorain
Ohio
Avon Lake
Thomas Brand
Brand
Tostal
Fed cuts discount rate boosts opening stock market
New York stock market rises at the open after the Federal Reserve halves its discount rate, signaling a more stimulative policy to cushion the recession. The Dow Jones average edges up and gainers lead losers on the NYSE as investors digest the move.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
New York Stock Exchange
Fed
December car sales hit 1972 low in tough year end
UPI reports December 1974 domestic car sales at 430000, down 25 percent from December 1973 and 40 percent from 1972 record. Final figures due late today. Industry sees little improvement as 14 plants closed and 140000 workers on extended layoff.
MENTIONED IN THIS ARTICLE
Detroit
UPI
U.S
General Motors
Showa Maru Runs Aground Near Singapore Harbor
The 237,698-ton Japanese tanker Showa Maru ran aground about five miles southeast of Singapore harbor today as authorities mobilize salvage and containment efforts to prevent a wider spill.
MENTIONED IN THIS ARTICLE
Singapore
UPS
Singapore Harbor
Detroit River pollution over 14.6 million gallons linked to firm
Detroit Free Press accuses Great Lakes Steel Co of discharging 14.6 million gallons of unhardened waste into the Detroit River from its Zug Island blast furnace, violating a state permit. Company officials were ordered to appear before the Water Resources Commission to explain the incidents, alongside a separate oil spill report from ruptured tanks.
MENTIONED IN THIS ARTICLE
State Water Resources Commission
Port of Singapore
Island Republic
Also Mentioned on This Page
Cheenicle-Telegram
Hovey
Kaiser Insurance Associates, Inc
Philip B. Kener
Wiliam Comerford
Paul G. Hovey
Loram County Bark
Denlding
Karl W. Plocher
Republic Steel
Mount Revelstoke National Park
British Columbia
Bank
Ford Plants
US Labor Department
Redes
By Edwards, Lechtein
Dad Kelley
the France Co
Madeway
Kelley
Ghia
Rare and Telegraph Ca
CAL
John B. Simpson
Oberlin Ave
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