Carrol Daily Times Herald from Carroll, Iowa on May 2, 1974 · Page 10
Get access to this page with a Free Trial

Carrol Daily Times Herald from Carroll, Iowa · Page 10

Carroll, Iowa
Issue Date:
Thursday, May 2, 1974
Page 10
Start Free Trial

Credit Officers Apprehensive as Loan Delinquencies Increase ByJOHNCUNNIFF AP Business Analyst NEW YORK (AP)-As consumers find themselves caught in the pincers of rising prices and shrinking buying power, credit officers are growing a bit apprehensive about the quality of their loans. Similar conditions in the past almost always have caused the number of "slow pay" accounts to rise automatically, and almost nobody expects this year to be an exception. Evidence of deterioration already is clear. What makes this year's situation potentially critical is the likelihood that inflation will continue unabated or at a high level for many months more, possibly accompanied by a deteriorating economy. The worst situation seems to exist in mobile home loans, where delinquencies for the January-February period rose sharply to 4.34 per cent, and repossessions averaged 7.21 per 1,000 Joans. The American Bankers Association, which made the report, considers a loan delinquent when a payment is more than 30 days overdue. Feedlot Site Evaluation Committee Appointed Gov. Robert Ray has appointed beef feedlot site evaluation committees throughout the state of Iowa. According to Roland Lickteig, Carroll County extension director, the purpose of these committees is to help cattle feeders choose locations for construction of feedlots which would be both economically feasible and environmentally sound. About two years ago Ray appointed a Beef Industry Task Force made up of Iowa leaders in the various segments of the cattle industry. The Task Force recommended to Ray that site evaluation committees be appointed to assist Iowa cattle feeders. Task force members feel that in addition to assisting cattle feeders choose a site, the newly appointed Hawaii Promotes the Use of Poi., Taro By Bruce Dunford HONOLULU (AP) — Poi. the pasty Hawaiian food that tourists are encouraged to taste while their hosts gleefully await the usual polite "it's not too bad" reaction, may be headed for the 'endangered species list. Miller Rites on Saturday INDIANOLA, Iowa (AP)—Funeral services for state Rep. R. G. "Hap" Miller of Rockwell City, who died Tuesday evening of an apparent heart attack, will be held Saturday. Miller, 64, suffered the attack at his .residence in Indianoia, where he was living during the legislative session. Services will be held at II a.m. at the Overton Funeral Home in Indianoia with burial in the IOOF Cemetery. Miller, a first-term Democrat, represented District 47 which includes parts of Calhoun, Carroll, Greene, Pocahontas and Sac counties. He was a retired teacher, coach and farmer and still owned a 330 acre farm near Rockwell City. Miller had been an athletic director, coach and political science teacher for 16 years in high schools and 15 years in college. Born in PahJgren, 111., Miller was a graduate of Zearing High School, received a bachelor's degree from Iowa State Teachers College (now Northern Iowa) in 1936 and did graduate work at the University of Denver and University of Nevada, Survivors include his widow. Opal; a son, John, Oklahoma City, Okla.; five daughters, Mrs. Carolyn Hall, Des Moines; Mrs. Lola Rundle, Indianoia; Mrs. Kathy Eaton, Shaker Heights, Ohio; Mrs. Opal Rae Bingham, Bryen, Texas, and Sue Miller, at home. $450,000 Suit Filed in Death SPIRIT LAKE, Iowa (AP)—A $450,000 damage suit has been filed in Dickinson County District Court by the widow of a Spirit Lake farmer who was killed in a car accident Aug. 12,1973. The production of taro, a plant whose uncooked turnip-like root is pounded into the gray-colored poi, has fallen off in Hawaii over the past several years. The state hopes to reverse the trend. The Department of Planning and Economic Development has provided $33,000 for a campaign to promote the use of taro and poi in hopes of boosting production. "If taro and poi disappear, we lost a historic institution and the tourist industry will lose a valuable promotion piece." said department official Arthur Kodama. There were 165 taro farms which produced 9.6 million pounds on 480 acres in 1963. compared to 128 farms producing 9.02 million pounds on 455 acres in 1972, Kodama said. The attributes of poi are hailed by nutritionists and physicians. It is highly nutritious, low in fat and has proved to be a lifesaver for infants allergic to milk and other foods. Poi was the mainstay of the ancient Hawaiian diet and many mothers still swear by an evening "poi bottle" to avoid baby's predawn hunger. They say the poi swells in the stomach for hours. A newcomer's reaction to the taste often depends on the age of the poi. Fresh poi is totally bland, causing a first-time eater to give it a "hmmmmm." After a couple of days, it sours and the reaction is then often expressed with a facial contortion and a refusal of seconds. Kodama said the marketing and promotion campaign should be aimed at three groups — the local people, new residents and tourists. Local residents should be .told the nutritive value of taro and that it is healthful, not as fattening as rice and potatoes, and that it is nonallergenic. New recipes should be encouraged, such as mixing poi and taro with fruits to improve the taste, Kodama said. New residents, he said, should be encouraged to develop a taste for taro and poi. As for tourists, Kodama said they generally look forward to eating poi, even though most don't get beyond the first couple of fingers full. Seiko advances yourg a duate severa degrees. Yellow top/stainless steel back, matching bracelet. Snappy Seiko green dial. What a gift. Ask for No. ZW546M-17J. Only $100. Also in other Seiko colors. COMMUNITY JEWELRY Wesfgofe Mall feedlot site evaluation committee can help communities recognize the impact that a large feedlot can have on their community as well as helping choose a site that will not have a negative environmental impact on the community. Lickteig said the local committee will function in Wright, Pocahontas, Humboldt, Calhoun, Webster, Hamilton, Boone, Greene and Carroll Counties. The feedlot site evaluation committee members include Gene Wolter, SCS district conservationist in Webster County; Bruce Berven, Extension livestock production specialist in the Fort Dodge Extension area; Francis Prendergast. realtor from Fort Dodge; John Crystal of the Iowa Savings Bank, Coon Rapids; Cam Stafford, a farmer from Blairsburg; and Laurin Stanek. cattle feeder from Fort Dodge. Anyone wishing to utilize the services of this committee may do so by contacting any of the committee members or by notifying Lickteig at his office. Manning Church Has 28 First Communicants MANNING — Twenty-eight children received their first holy communion at Sacred Heart Church in Manning on April 28 during the 9 a.m. mass celebrated by Fr. Norbert Weber M.S.C. The boys and girls receiving their first communion were: Chris Brotherton. Michael Damman'n, Valerie Dentlinger, Donald Eischeid. Michael Gruhn, Carla Halbur. Darsi Hicks. Kari Hinners. Nathan Hodne, Lisa Hughes, Laurie Irlbeck, Dawn Jacoby. Daniel Kerkhoff, Thomas Long, Renee Moore. Keith Muhlbauer, Dani Ramsey. Dawrin Rohe, Kenneth Rohe, Robert Sauders, Jean Stangl, Karla Stoberl, James W'anninger. Michael Wanninger, Ricky Willenborg, Jim Wieskircher, Joanna Zerwas and Barbara Zubrod. The children were accompanied to the altar by their parents. Gifts for the offertory were presented by Kari Hinners, Renee Moore. Keith Muhlbauer and Jim Weiskircher. Crossbearers for the procession into church was Joe Herbers. Banner bearers were Marty Wanninger and Daryl Rohe. Ray Thielen was lector for the mass. Breakfast was served to the communicants, their families and friends following the mass in the parish social center. Father Weber, Mrs. William Muhlbauer and Mrs. Wesley Nulle helped prepare these children for communion throughout the past year, Students of Mrs. Marjorie Miller participated in a music recital at the Methodist Church in Manning on Sunday afternoon. Mrs. Miller welcomed the friends and relatives of the students in attendance, and thanked Mrs. Mable Huldeen for attending and evaluating the students' performances. Piano students performing were Toni Dammann, Jennifer Collison, Barbara Myer and Beth Myer, duet, Barbara Myer and Edith Myer, duet, Edith Myer and Leslie Martens. Mike Dammon on baritone ukelele accompanied singers Toni and Jessica Dammann. Other presentations were made by Julie Collison, Andrea Puck and Jessica Dammann, duet. Beth Myer, Jessica Dammann, Beth Brotherton, Brian Pfoltner, Bob Opperman and Connie Linder. However, some merchants and lenders also report deterioration of nonde/inquent accounts. William Ford, ABA chief economist, said the delinquency ratio for all installment loans rose to a record high of 2.69 per cent, breaking the previous high of 2.53 per cent set in the final two months of 1973. The situation in the home mortgage area is less clear. While the Mortgage Bankers Association reported delinquencies for the final quarter of 1973 at a 20-year high, savings and loan associations Times Herald, Carroll, la. - -~ Thursday, May 2, 1974 I U found little or no increase. The mortgage bankers said 4.7 per cent of its loans were a month or more past due in the final three months of the year, topping the previous high of 4.65 per cent in the comparable period of 1972. The U.S. League of Savings Associations reported, however, that "The recent runaway inflation appears to have had no appreciable effect on the regularity with which the American family pays its mortgage payments. It reported that loan delinquency for the first quarter of 1974 was only .82 per cent, or less than 1 per cent of all its loans outstanding. A year ago the rate was almost identical. The savings associations use a much more liberal measure of what constitutes a delinquency, at least from the borrower's point of view. In its compilations a loan isn't delinquent until it is 60 days overdue. These are the delinquency ratios compiled by the ABA for various types of installment loans: Personal, 3.24 per cenl. of outstanding loans, up 6 per cent from the previous two-month period; mobile homes, 4.34 per cent, up 23 per cent; property improvement, FUNNY BUSINESS 2.20 per cent, up 20 per cent; direct automobile loans, 1.66 per cent, no change; indirect auto loans (through auto dealer) , 2.55 per cent, up 8 per cent. By Roger Bollen OBJECTION TO KVJOV& WE . . BORNEO 6r?ANCM...V We Must Move This Merchandise To Make Room For New Carpet! Wall to Wall Broadloom • Remnants • Room Size Rugs Nylons • Acrylics 0 Polyesters Shags • Plush •Textures • Tweeds BIG SAYINGS ON REMNANTS NYLON FOAM BACK CARPET Rainbow Colors Regular $4.99 5 ROLLS SCULPTURED SHAG CARPET 100% Nylon 1 —Autumn green 1 — Fiona beige- brown 1 —Golden straw J — Fiesta orange 1 —Sunset rust Regular $10.95 sq. yd. 1 2' X 16' Rust Tweed, Rubber Back 1 2' X 9'7" Green Figured Kitchen Carpet 1 2' x 5'5" Gold-White Rubber Back Shag 1 2' X 1 3'5" Gold Caravelle Hi-Lo Loop 9' x 1 2' Bright Green Indoor-Outdoor 8'9" x 6'9" Gold Plush Shag 1 2' X 1 6'5" Green Sculptured Carpet 9' X 1 0'5" Green Plush Shag 1 2' X 8'9" Blue-Gold Kitchen Carpet 1 2' x 1 4'3" Gold Caravelle Hi-Lo Loop 1 2' x 6'7" Gold Plush Shag Natural Charmer Red-Black Plush Shag Patterned Axminister Blue Tones 1 2' x 1 2'9" Gold Plush Rubber Back 1 2' x 13' Rust Caravelle Hi-Lo Loop 12x10'9" Gold-Orange Indoor-Outdoor Red-Orange Rubber Back Shag , Twotone Green Shag 7'6" x 9' 6'x 9'11" 12' x 16' 12' x 23'8" Reg. $133.00 143.00 129.00 165.00 108.00 75.00 286.00 125.00 135.00 140.00 108.00 75.00 105.00 179.00 165.00 99.00 139.00 130.00 SALE SOOOO 88°° 66°° 0900 49 95 27 oo 127" 69°° 85°° 88°° 39 95 2QOO 2988 66°° M OO 66°° OPEN WEDNESDAY & FRIDAY TILL 9 SUNDAY 1 - 5 PRENGER FURNITURE "Quality Name Brands you know at always Low Prices/' West on Hwy. 30 — Carroll

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free