Dayton Daily News from Dayton, Ohio • 88

SUNDAY, APRIL 12, 1959 THE DAYTON DAILY NEWS rr 1 rri nr ir" u. i ij inn 1ST METROPOLITAN tef the rain your spirits will soar! yi.j LI "WWW t.itu 1st ft) i' ii i Hi i lTl i Home Loan Interest Rate May Inch Up Nut Money Supply Ample, Experts Find WASHINGTON, Apr. ll-(UPI) The supply of money for home loans is considered ample and is LOOKING FORWARD AyVty RUSSIANS DOXT BELIEVE THIS TYPICAL U.S. HOUSE Soviet Tress Hangs Propaganda Tag on This Artist's Sketch AP expected to stay that way for NO PLANTS IN NATION'S STEEL CENTER CLIMATIC Koroseo Daeron RAINCOATS FAIR EXHIBIT HIT U.S. Model Home Has Reds Fuming NEW YORK, April 11 UP) It's all boloney, say the Russians.

It's the honest truth, say Macy's department store and a local firm that is constructine a house destined for the American National exhibition in Moscow next July. 1 00 Daeron Button Front 14.95 Koroseal with Zipper Closure .7.95 NEW YORK, Apr. ll-CT) The steel center of the United States is a small Ohio town with no steel plant within 45 miles. The American Iron Steel institute says the geographic center of steel making capacity is near Spencerville (pop. 1,800) In Allen county, Ohio.

The center has moved 20 miles west since 1957, when last computed. That's because of a 27 per cent gain In capacity for steel plants west of Chicago compared with a' rational Increase of 11 per cent. some time, but Interest rates may creep upward. Such is a rough consensus of Rovernmcnt officials who work from day to day with figures and charts showing how the money markets are behaving. Reports from all parts of the nation show conventional mortgages are now being written at 54 per cent interest on the average.

The rate tends to be higher in the Southwest and West where money is traditionally tighter, lowest In -the Northeast, especially New England. ACCORDING to the Federal Housing administration, the conventional rate has edged up only ifteen-hundredths of a point from its recession-induced low of last August. This, officials ay, demonstrates that mortgage money and interest rates are more stable than other Interest rates and have in fact withstood some tendencies toward tightening that An international debate on what kind of a home the Ameri Referring to quips In the Tass story, Sadkin said of the house: can working man can afford "its not the Taj Mahal or broke out Thursday. The Soviet press printed New York dispatch commenting Buckingham palace, as some have suggested, but it's the housing value that average Americans can afford, thanks to the free enterprise system." on publication in U. S.

newspap ers of plans to exhibit a $13,000 typica 1 American home, furnished by Macy's for another $5,000. BULLETIN BOARD The Russian equivalent of "boloney" was the comment of Tass, the official Soviet news ftgency. Among other things, it have affected other parti of the money market said Macy's is in the propa Gershow's Wayne Ave. Store Opens Tuesday Light, handsome, these "Climatic" Fold-Away Raincoats fit into every man's life. Each has its own case pack it away ready for use topcoat-tailoring in gabardine-textured waterproof Koroseal in Small, Large and X-Large, regulars and longs.

Waterproof 100 Daeron, sizes 36-46 38-46 longs, 36-42 shorts. Popular British Tan. Stop in mail or phone your order. ganda business. i FHA officials point out that secondary market prices for TASS SAID that the $13,000 FHA-insured mortgages have been fairly stable since December.

In February discounts actually narrowed a fraction and House to be displayed in the American exhibit was anything but what the typical American could early reports for March suggest member of Gershow's" and that all operations are now handled by tiie Gershows and their employes. Some management phases for the firm were taken oyer, by Flickinger several months ago, with Ash in charge. It said the exhibition house is as typical of the "typical American" as the "Taj Mahal Is typical of Bombay textile workers or Buckingham palace of British 'I more of the same. Moreover, the flow of applications for FHA Insurance has been strong. A better-than-sea-sonal increase for March is expected to show up when a final tally is released next week.

This would back up private statements by FHA officials that they are confident there ii enough mortgage money available to continue to finance a high volume of FHA activity. miners." Herbert Sadkin, president of Metropolitan, Dayton 1, Ohio Perianal Sheppir, IA-2-37S7 Pltm ttni th following "Climatic" Riincoits: Tuesday is the formal opening date for the newest store in the Gershow's Super Markets, chain, located at 1306 Wayne Ave. It will be the firm's fifth store, according to Herman Gershow, president, and Jack Gershow, vice president. They said the store has been remodeled and expanded by Henry Stock 4 Son so it now has 16,000 square feet of space. The building owned by the Brink Realty Co.

formerly housed another supermarket. It was about doubled at a cost of about $100,000. Hugh Stanley will be manager. A "first" in the newest Ger-show store will be a shoe repair department, serving customers while they shop. CHANGES IS THE chain's operations also were announced by the owners.

They said Douglas Ash of the S. M. Flickinger Co. "is no longer an officer or board All-State Properties, the firm that la pre-cutting the house for shipment to Moscow and assembling there, replied: SIZE FABRIC PRICE QUANTITY "We knew all alone that It would be difficult for many Russians to believe that the average Baker Manager Marks 25 Years Ralph B. Bruns of 3744 Acker-man manager of the Baker shoe store at 15 S.

Main next week will celebrate 25 years with the company. Officials of the parent company, Edison Brothers Stores, will come here Thursday to honor him. Bruns said he has been with the firm in Dayton for 18 years. The local store, established in 1936, was remodeled in 1956 following a fire. MET OPEN MON.

to 9 P.M. American worker could afford a house like this. But the facts are clear." Nm City Chargo Ch.ck or Monty Cvd.r C.O.D. Ohio rtildantt plana add 3 talat tax Sadkin added! "This very Aeronca Merger Now Comply SpMil to Tin Dajrtoa Bailr Kawt MIDDLETOWN, Apr. U-Aer-onca Manufacturing effective at the close of business yesterday, acquired by merger long- house will be selling for $13,000 right here In Commack, Long Island.

That means that a man earning about $100 a week can buy this house today." I Ten Aircrsui iui xiiw. rance, Calif. John A. Lawler, Aeronca president, said Longren will continue as a manufacturer of aircraft mmoonents. but as the Longren California division.

Hampden Wentworth, former Longren president, has been elected a director METROPOLITAN and vice president and will be general manager or tne new am sion. The merger first was proposed BOSTONIAN COOLERS for that light-footed feeling So smart and comfortable so cool I and light your feet never seem to touch the ground! Come see our EXCLUSIVE Bostonian Ventilated shoes. -Many styles at. 1 9.95 last November ana itocicnoiaers voted on it in late February. The deal involved an exchange of stock.

Loncren had sales in its last fiscal year of $5,870,000. "Aeronca FORWARD You're living right when we fit you in 1958 sales were about J23.000.000 The new division, alonz with Aeronca's subsidiary, Aeronca- California "materially strengthens our competitive position on the West Coast as a sup plier of aircraft assemoues, Lawler said. KNOX MADISON AVENUE so light so smart I It's a KNOX pure fashion felt with 2-inch brim, factory-blocked center crease and handsome welt edge. In greys and browns EXCLUSIVELY at The Met 10.95 Broadmoor Plans 5 New Models Five new house models, with changes both inside and out, are planned for construction this year in the Broadmoor residential development in Trotwood. Rutmann-Copher which started the" project in 1954, has an open house set from 2-7 p.m.

today at the completed model on Olive two blocks north of Free Pike. MET EXCLUSIVE FASHIONS Richard Rutmann and Eurman Copher said complete new floor plans and exterior and Interior designs are planned in the 1959 homes. All will be brick, with three bedrooms, two baths and a family room, with prices from $18,950 to $22,500. Airtemp Namei Haker to New Post Lawrence H. Baker, former manager of Chrysler Airtemp's New York factory branch, has The Pride of 3 Continents Our Imported Coronado Exclusive King of Summer Suits from Turkey, pure MOHAIR from Australia, purebred WORSTED loomed In Great Britain into a fabric magnificently lustrous, astonishingly cool, obviously elegant.

It's our EXCLUSIVE Coronado come In, appreciate its smartness and comfort, at all 3 itorei. 6S.0O been named to the new post of man agers I 1 sales, applied mi i i a i n-ery and systems. In the post, Baker will supervise the heating and L. If. Itoer air conditioning firm's national sales force for applied machinery, located In 12 district offices across the country, according to R.

B. Stott, general manager for applied machinery and systems..