The Leavenworth Times from Leavenworth, Kansas on October 16, 1974 · Page 2
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The Leavenworth Times from Leavenworth, Kansas · Page 2

Leavenworth, Kansas
Issue Date:
Wednesday, October 16, 1974
Page 2
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Tim** Oct. 14, 1974. Art Sale Proceeds The S2.792 proceeds of (lie Saint Mary College Art Show and Benefit Sale, held Sept. 7 and 8, are presented to Slfiter Mary Janet McGillcy, left, president of Saint Mary College, by Bob Albo, vice president of (he First National Mortgage Money May Be Easing Bank of Leavenw.orth on Tuesday. The art sale is an annual event and is sponsored by Lt. Col. and Mrs. Max Iloyl. Proceeds from (he (\v<>day art sale will go to Hie college'r, scholarship fund, (Times photo) WASHINGTON (AP) - Homebuyers should find mortgage money easier to locate as a result of an emergency housing credit bill passed by Congress Tuesday. The bill, which authorizes up to $7.7 billion for federal purchases of conventional housing mortgages, was a priority request of President Ford in his economic message to Congress a week ago. Rep. Garry Brown, a ranking Republican on the Banking Committee, said he has been assured that Ford will sign the bill. He said the mortgage .purchases should high] soon afterward, freeing up banks and savings and loan institutions to underwrite more mortgages. Seventy per cent of sing'.e- family homes have conventional mortgages but the government's secondary mortgage agencies have been restricted to purchases of home mortgages insured by the Veterans Administration and the Federal Housing Administration. Middle-class homebuyers will benefit most from the legislation. It authorizes the government agencies to buy up mortgages on houses costing between $33,000 and $38.000 but authorizes the secretary of Housing and Urban Development to allow purchases of mortgages on houses costing up to $42,000 in high-cost areas. A ceiling of $55,000 was put on mortgages in the extraor- SACRAMENTO, Calif. (AP) — Gov. Ronald Reagan says if the Republican party fails to carry out the mandate of the 1972 election of former President Nixon, a "new majority" movement may develop to sponsor a third party candidate for the presidency in 1976. At a news conference Tuesday, Reagan declined to say specifically that he would be a potential third-party candidate. "The obligation that I feel right now is the one that I have embarked on and that is to remind the people of this country of what they voted for in 1972 "Now what it takes to enforce that -- I myself am appealing to the Republican party to accept that as an obligation and try to carry out that mandate." dinarily expensive areas of Alaska, Hawaii and Guam. The housing industry is in its worst doldrums since World War II, its officials say. Homebuyers can't find mortgage money and when they do, it is prohibitively expensive because of interest rates approaching 10 per cent in some areas. In a fight on the Senate floor. Sen. William Proxmire, D-Wis.. succeeded in getting the bill's interest rate lowered to the cost of the money to the Trasury plus one-half of one per cent, or about 8.5 per cent. Brown estimated the interest would be higher than Proxmire had projected, somewhere between 8',-i and 8 T S per cent. NOW OFFERING HIGHEST JUARANTEED INTEREST RATES ON ALL NEW ACCOUNTS! 4 yr.— $1,000 min. Certificates Earn Daily Compounded 1 to 7.79% $20,000 Safety On All Savings Accounts By F.S.U.C. Federal Regulations Requlr* A ] Substantial Interest Penalty For Early Withdrawal On All Certlf. lcat« Gift Selection Available With I New or Additions! Deposits I In Amountt Of $500 or more Come In, Write or Call For Color Illustrations «nd Os> leriprioni of all rhe» txtri Ordinary Free Giltj. Free Gift Offer Available While Supply last. INTER-STATE FEDERAL SAVINGS Bonner Springs Dick Firth, Manager 132 Oak Aye. 422-3088 "We must recognize that tiie farmer is a businessman. And remember it. | The importance of agribusiness to V all Kansans cannot be overemphasized. It's the backbone of the economy. I will be a strong voice for Kansas farmers in Washington." ""'• Republican for Pcrefsori (or Congress Commillea • Net* Pollom, John E. 2A Th " Hail Chief Will Head Shaky Line CIIICACO (AIM -- John \V. Ingrain, administrator of tlic I'Yderal Railroad Adminis I ration, has agreed In beconir president and chief executive officer of Hie Chicago, Rock Island and Pacific Railroad. The. long troubled lino nt, a directors' meeting Monday offered Ingram the presidency. Tngram. •!">. marketing executive for the Illinois Central Hailrnad before it merged into the Illinois Central Uulf, said he expects In start at, the Hock Island around Nov. 1 at a salary of about $(10.000. Nimird new Rock Island chairman in the shakeup announced earlier this week was Lewis B. Harder, a director and member of the executive committee of (he Rock Island. Harder is also chairman of International Mining Corp.. a large shareholder in the Rock Island. Theodore E. Descli, who was chief executive and chaivman. \vill continue as a consultant and a director, the railroad said. William ,1. Dixon, ousted as president, has not announced his plans. Rock Island has been beset, with financial woes for some time. It has lost more than $57 million in the past six years and at the annual meeting last month. Dcsch predicted a $17 million loss for this year. Scanning the News- Kansas* * *The Nation***Tlie World Kansas Mild Weather TOPKKA, Kan. (AP) - Clear and mild weather prevailed In Kansas today and the National Weather Service said there would be little change through the weekend. Highs Thursday were expected to range from the 70s in the east to around 80 in the west, with lows tonight mostly in the 40s. The forecast for Friday through Sunday called for highs in the 70s. cooling to the 60s by the end of the period. Highs in Kansas Tuesday ranged from 72 at Goodland to 39 at Chanute. Lows ranged from .18 at Wichita to -15 at. Dodge City. Nation No-Knock WASHINGTON (AP) - The House has voted to repeal a controversial no-knock law which allows federal agents to .search residence..* in same instances without identifying themselves. The measure was sent, to the Stnate Tuesday on a voice vote. The 11)70 law was designed to help crack down on drug offenders. It allows federal judges to issue warrants au- thori/.ing Justice Department agents to break into residences unannounced for soarche* in cases where the property lieiiig sought might be destroyed or the agents would be in danger if they knocked. Treasury Notes WASHINGTON (AP) — Small investors will be given another chance to put their savings into government securities as a result of a Treasury Department decision removing a $10,000 minimum purchase limit. The Treasury said Tuesday that investments as small as $1,000 will be accepted at an auction scheduled for Oct. 23 to sell $1 billion of Treasury notes with a -IVi-year term. The interest rate for the notes will be determined solely on the basis of bids submitted at the auction, the Treasury said. World Formal Talks OAXT1SPEC, Mexico (AP) — Bishops of the Episcopal Church today open formal discussions on the dominant Issue of their conference here: should women be ordained priests. •Straw polls have shown Hint a majority of the 150 bishops attending the meeting of the Mouse of Bishops favor permitting women to be priests. There are 220 'bishops in the church. But Uie bishops cannot make a final ruling. Their decision would have to be confirmed by the General Convention, the church's policy-making body, of which the bishops form the up per house. Inmates Riot BELFAST. Northern Ireland (AP) •-• The Maze internment camp was set ablaze and almost, totally destroyed during i night of rioting by prisoners it the 60-acre complex, police sources reported today. At least four prison guards were reported injured, one with a fractured skull. A police .source said 10!) of the 130 (|iion- set huts nt the camp seven miles east of Delfast were destroyed. Mcrlyn Roes, Britain's minister responsible for l.hc troubled province, called an emergency mooting with local officials to discuss alternative moans of housing the estimated 1,000 suspected and convicted guerrillas held at the prison. Industrial Output Edges Up Somewhat WASHINGTON (AP) - The nation's industrial output edged upward in September after two months of decline, but still was lower than the level recorded in the same month a year ago, the government, says. The index wns up by three- tenths of one per cent over August, but 1 per cent behind a year ago. the Federal Reserve Board said Tuesday. The index stood at 125.5, meaning output currently is 125.5 per cent ahead of 19G7. HEN FRESHNESS COUNT GflHAT HALLOWEEN TREATS! Good Value Imitation Crisp - Tart JONATHAN APPLES 3 59 e Washington Delicious APPLES :10>89 C Washington Bartlett PEARS Lbs. 99c Libby Half & Sliced Whole Legs 59 Thighs Split Breasts Lb. c Big T — Semi Boneless Fully Cooked 29-Oz. Can Libby U.S.D.A. Choice Boneless CHUCK ROAST Us. (Limit 3 Please) Bar S Skillet BACON 12-Or. .. Pkg. Freezer Beef Available ai Best Markei Prices — Good Value Polybag Green Beans Cut Corn Peas and 20-Oz. Mixed Vege. Bags T.V. POT PIES T.VJATER PUFFS 6.V. CRINKLE FRIES 6.V. FISH STICKS PUREX BLEACH 10c Off Label Plush FABRIC SOFTENER MORE GREAT VALUES G.V. White Hominy ,,o,2/37 FJ*. Green Beans , 5 y;. 0l .2/63 6.V. Shell Beans ls -/,o,2/63 F.P. Spinach , s . 0 , 27c 6.V AppleSaisce,5,0, 35c RBO.Peas ,^.2/63 RBO.CS.Corn 15 . 0 ,2/55 C BAMA Grape Jelly Blackberry Jelly Strawberry Preserves Peach Preserves Cut Green Beans — Cream Corn Whole Corn — Spinach Cut, Whole or Diced Beets Libby Grapefruit — Orange - Tomatc 10.Qz. Jars Carnation COFFEE MATE Fifteen Flavors Jar Va Case $109 Case 1.99 3.98 3.49 6.95 3.25 6.49 2.99 5.98 3.75 7.493.25 6.49 3.25 6.49 Treasure Island Pizza or Spaghetti 1 /2 Case $1.39 Case $2.75 A&W OUR PLEDGE We unconditionally guarantee every product that we sell. If for any reason you're not completely satisfied with your purchase, the product will be exchanged or your purchase price cheerfully refunded. WALMIRE'S 10th & PENN.-OPEN 24 HOURS-7 DAYS A WEEK

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