25 Nov 1967
Page 1
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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Nov 25, 1967
Page
1
Government officials acknowledge rising rates as money remains available to borrow. The previous credit crunch underscored high demand and tight supply, triggering concern over escalating borrowing costs and economic impact.
Communist forces fired 25 to 30 mortars at American positions in the Dak To area after a 24 hour lull following a fierce three week battle. The attack produced casualties and prompted U S artillery counterfire as the Viet Cong pressed threats near Loc Ninh and Phuoc Binh with further assaults.
The article details average conventional first mortgages on new single family homes across lenders from 5.72 to 5.79 percent in 1964 1965, rising to a peak of 6.44 percent in December 1966. A 1967 change in FHLBB calculation added basis points making December 1966 6.49 percent, with rates fluctuating through September 1967.
The route moves south on Louden St from Sarah Zane Fire Hall to Cork St then east to Cameron St and north to the city hall parking lot. The parade starts at 6 30 p.m.
The nation sees rising highway deaths during Christmas shopping rush as 291 fatalities were recorded by early today. The comparison period showed 567 deaths over a nonholiday stretch from November 8 to 12. Damp weather and rain slick roads hampered driving nationwide.
London gold dealers report near panic buying from around the world after Britain's pound devaluation. U.S. officials urge dollar safety as Paris, Zurich, and New York traders push bullion, with estimates of hundreds of tons traded and a multi hundred million dollar loss cited by experts.
The U N Security Council unanimously supported U Thant urging Greece Turkey and Cyprus to pull back from war over Cyprus. The council called restraint and asked all parties to remove non U N and non Cypriot forces to head off conflict amid warnings of imminent invasion and disputes over Cyprus air space and Turkish Cypriot minority incidents.
The Navy secretary ended the Arnheiter case after a personal review and upheld the decision that he should not be reassigned to command. Arnheiter had been relieved of command of the USS Vance during Vietnam patrols in 1966 amid a Navy inquiry citing poor judgment and leadership. Allegations included false reports, religious lectures for crew, fines for etiquette breaches, and liquor aboard ship.
Democrat Flournoy L. Largent Jr. of Winchester filed a campaign cost report totaling 3150 dollars for the November 7 general election. He seeks the Clarke Frederick Winchester seat vacated by E Blackburn Moore who did not seek re election after holding the post since 1933.
Miami AP reports the 1967 Atlantic storm season was light overall after Beulah battered Texas. Beulah caused 49 deaths and about 207.65 million dollars in damage, far below U.S. annual averages, with only two hurricanes reaching the mainland and Doria lingering as a mainly beneficial storm.
Mona M. Kukate wins a portable TV prize in a Montgomery Ward drawing held for a shopper. A notice directs the public to apply in person at Pingley & Carper Cleaners for the prize.
U S envoy Cyrus Vance carried compromise proposals to Ankara and met Turkish Foreign Minister Caglayangis as peacemakers seek four fronts to stop a Cyprus crisis. The plan calls for troop withdrawals and protections for Turkish Cypriots while NATO and U N efforts press for restraint amid overflights and sabotage claims.
A low pressure system moving off the Virginia coast leaves clear skies and mild temperatures. An ad note cites a misprint for produce in last night's Star, offering new green cabbage at 5 cents per pound.
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