Skip to main content
The largest online newspaper archive
A Publisher Extra® Newspaper

The Lima News from Lima, Ohio • 11

Publication:
The Lima Newsi
Location:
Lima, Ohio
Issue Date:
Page:
11
Extracted Article Text (OCR)

'S. i 4 V. wh -u rrY'WyV 4 4 i i -A Ho tf- rV Wednesday, Aagust 1171 Tke Lima NewsBS Newsmakers Housing figures indicate slump to continue ft AP Reperls A VIDFROCT will probably Interview RICHARD M. NIXON la December at the former praeldente seaside villa la San Clemente for four syndicated television pngnmi next year, a Front spokesmu laid Tuesday, Frott has said NIsoq will respond In four W-minuteinter-vlewa to questions about Ua career, president, and the Watergate acandal that drove him from office. The inter-viewa are achedulea to be abed nest February and March, prior to the publication of Nlxona memoirs.

FBI DIRECTOR CLARENCE M. KELLEY la progresa-ta nicely at Menorab Medical Center in Xanana City after underioing back surgery Monday, an FBI Wttkeaman aaid Tueaday. Kelley underwent surgery to relieve fain in Me back caused by a dipped vertebra putting pressure on surrounding nerves. It was not known would remain In the hospital. throe consecutive maths of increases.

Sumichrast and other economists had hoped that thorn rises signaled revitalisation of apartment construction. "Now I see no possible recovery for multifamilies this year, Sumichrast said. -He said he had hoped for more productia from the government's subsidia for km-incouae apartment dwellings But that support has not developed, and Congress recently reformed the subsidy program over administration objection to funnel more money Into the construe tied subsidies. trouble ahead for tor "SugtaS sector federal Home Lou Bank Board reported Monday that the average effective interest rat for loon a new bomeS jumped during July to the highest level in six months, 1.99 per Higher interest rates uually dampen buyer enthusiasm. Other government figures Indicate that newt home sates have been basically flat sine late last year.

June Mies were up 73 per ent, but still lagged about per cent behind sates at the rioce.of 1975. Demos pick new candidate STEUBENVILLE, Ohio (AP) Ronald K. Millesn, 42, a Freeport Insurance agent named by Democrats Tuesday to replace state Sen. Douglas Applegate on thg fall ballot, expressed confidence of victory in Let me know if then an any problems and Ill bh Milleson told the 10th District county Chairmen and county secretaries who selected him. bethere even if you dal let me know.

questioned Mid they were going to buy a house in the next two years, hr Mara, per cent of those questioned had Mid they planned home purchase in the near The bousing industry is crucial to the general economy because it can generate johs in the construction industry, and spur production in lumber, hardware, furniture and appliance factories. The1 -unemployment rate in the construction industry alone is 17.7 per cent, compared with 7 per cent for the entire economy. JbbleM construction workers account for 10 per cent of an Americans unable to find work. -In recat recessions, the housing Industry helped lead the way to recovery. Starts actually climbed throughout the 1979 reception.

The number of new building permits issued in July was up I per cent to an annual rate of 1X19 million. That cushioned somewhat the Impact of the starts drop, since permits are generally considered a precursor of future trends in the industry. But the permit rise followed a June drop. And Sumichrast said be is particularly troubled by the 15. per cent drop in the number of new apartment units started in July.

NJbe single-family home sector has been running at exceptional annual levels of 1.13 million. That is not far from the nearrecord rata of 1971 and 1973. But In the apartment sector, the ammal rate of 194,000 units started in July is below the 205,000 rate for 1975, which builders considered a depression year for their industry. The starts rate now lus folia in more months than it nwe this year. The July drop in multifamilies came on the heels of WASHINGTON (AP) The housing industry kM taken a midyear tailspin, and one expert thinks it is now virtually impossible far the industry to mount a solid recovery this year.

The Commerce Department reported Tueaday that the number of new housing unit starts in July fell by 9.2 per cent to an annual rate of 1.187 million after seasonal adjustment The July figure was 14.9 per cent above a year earlier, but only half the 10 per cent rise that the Ford administration had predicted the industry would attain In 1978. "I cant describe it in any way other than simply dreadful, said Michael Sumichrast, chief economist for the National Asaociatiou of Home Builders. He aaid the figures virtually rule out a solid recovery for the Industry in 1979. But John C. Weicher, chief economist for the Department of Housing and Urban Development, said he does not consider the July performance to be a major interrup-.

fion in the administrations expectations for the housing industry. He said the decline in starts was a delayed reaction to a June slowdown in money available for home loans and increases in interest rates. In New York, mesnwhile, the nation's second largest commercial bank reported Tuesday on a survey that showed a sharp decline recently in the number of Americans planning to buy a new home. Those questioned said the high costa of mortgages and homes themselves were the main reasons for putting off a 1 home purchase: The survey by Citicorp the parent organintian for shows that only 1.5 pier cent of those ACTOR WILLIAM REDFIELD, 49, whose moat recent appearance was ii the film One Flew Over the CMkooa Neat, died ia New York Taesday of a respiratory allmeat complicated by leukemia. Hla first appearance at age nine la the 19SI Broadway musical Swing Your Lady.

ACTRESS SOPHIA LOREN will undergo minor surgery later this year, postponing filming of Jocasta, a Western on which production was to have started August to Bob Gray, production manager for the film. Gray said Tuesday in Prince George, British Columbia, the surgery is elective and not serlops. Miss Loren ia currently completing a film in North Africa. JOHNNY CASH AND ROY CLARK win cohost the 10th Annual Country Music Association Awards on Oct 11, it was announced in Nashville Tuesday. The program will be carried live by CBS television from the Grand (Re Opry House.

Highlighting the show will be the announce- of newest members elected to the Country Music v. Han of Fame. Finalists have already been chosen from both the living and deceased categories for the awards. YOU ARE FLYING at S00 feet and your plane's one and only propeller foils off. What then? I Just glided down," said RONALD CHRZANOWSKI of Rialto, Calif.

after be landed in a field near Spokane, Wash. Tuesday. The prop was later found on the citys east side, Chr-. sanowski has been flying planes for 21 years, but as he said, Tvesuro never had anything like thaf happen. AN ASPIRING OPERA SINGER was echoed into silence Tuesday night while singing the Star Spangled Banner-.

In spacious Metropolitan Stadium in Bloomington, Minn STEPHANIE NIELSEN, 19, a pol-lege voice major, was almost through singing the national anthem before the Minnesota Twins-Baltimore Orioles game when she suddenly stopped, threw up her hands, and sat down, while a sympathetic audience applauded. The echoes in the stadium were too frustrating for her to finish. -v New Mars pictures reveal contours. PASADENA, Calif. (AP) New picture of Man, northern regions reveal mysterious patterns resembling contour plowing on the planet's red surface, and scien- fists say they are hard pressed to find a natural expiana- fion.

Were getting some strange things. Its very-pus- sling," Mid Michael Carr, a member of the team interpreting pictures of Mars taken by the orbiting Viking 2. The lander of Viking 2 is due to touch down Sept. 4 in the northern resten of Mars. Carr uid Tuesday that the newest pictures of the target aone showed huge, striped pattens that resemble an aerial photograph of a farmers Arid after plowing.

It is hard to think of a natural cause, because the stripes are so regular, he said. The geologist Hid there are some stripe-like pattens in the Sahara desert, caused by the wind creating rows of dunes that are very regular and evenly spaced. But generally, then dunes dont change directions like the ohm were seeing on Mars, Can said. VU-si-U llckt-li. SEDTZ MARKET 748 N.

MAM ST. PH. 225475 OP8N MOM. THRU SAT. AJA-9RM.

Dackars Sami BoimIbss Hams 1. -MV -M4. the piece Cfl Jowl Bacon J99 Leu A Meaty Sparo Ribs jlil Decker's Rig Juicy A Ate Knockors' 99 i lact.Pk. f)e Glad Trash Bags i 4)9 -14 OX. BoftlM PEPSI-C0LA.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the The Lima News
  • Archives through last month
  • Continually updated

About The Lima News Archive

Pages Available:
1,266,581
Years Available:
1884-2024