Newspaper Archive of
The Billings County Pioneer
Beach, North Dakota
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August 4, 1960     The Billings County Pioneer
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August 4, 1960
 

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181LLINGS COUNTY PIONEER TREE BRANCHES IN--Mrs. Henry Thomasson shows where a tornadic storm in the St. Louis, Mo area stabbed tree limbs right through the wail of her home. MONEY IS AVAILABLE BUT INTEREST IS HIGH Higher prices and high interest on borrowed money are the pros- pacts facing home buyers th~s year, according to Changing Times, the Kiplinger Magazine. Although the number of new homes built wH! be fewer than in 1959, the editors of the magazine foresee no shortage for 1960. An article in the curreut issue of the magazine states tthat tbis year will see something like 1.2 million new houses built, as against 1.3 mil- lion in 1959. This total would make ]960 the fifth best housing year in the past 20 years----only in 1950, 1954, 1955 and 1959 did the number of new homes top 1.2 million. The price forecast is about ~hree per cent higher than last year, with nearly every cost component on the rise. In a single day recently, the article notes, 4 percent price hikes were announced for asbestos - ce- ment siding, mineral wool insula- tion and glass fiber insulatiou. In. addition, there are inerease~ in the cost of acquiring well-located land and developing it. The editors found that many local governments have upgraded stand- ards for streets, lot sizes and com- cunity facilities. The lofty new stan- dards usually are desirable, but they are expensive. There will be money to borrow, but the price will be high and the lenders will be choosy. The article points out, for instance, that sav- ings and loan associations are em- powered to make loans in excess of 80 percent of the appraised value of a home, but not many borrowers h~ve talked them into doing it. Interest rates on mortgage money are higher than they have been for 30 years. GI loans bring 5 percent. FHA loans are 5~A percent; with their of 1 percent insurance they come to 6~&%. The little FHA loa~s of $8,000 or less carry an additional service charge that brings their ef- fective rate to 6~ percent. For con- ventional loans, the interest rate is anywhere from 6 to 7 percent--the t lower rate is prevalent !n the East, There'l ~g like Savin~ Bands foJ a happ) t,~, e Smart eggs have nest eggs! Most farmers know the good that cx)m~ from system- atic .saving. And more than one farmer has had the money he needed for new equipment because he put t},~, money away earlier in the form of U, S. Series "I.;" Savings Bonds. :~,~',;ngs Bonds are a wonderful way of getting r~;,:}y for the things you, too, will need--like new f,~u buildings the youngsters' education or ;~ iong vacation. Your banker can show you how Savings Bonds fit into your picture. Stop in and talk it overl F.S.--If you're interested in Savin~ Bonds that give you current income, by check every 6 months, ask fw details on Series "H" Savings Bonds. FtGHTING phone tries to quiet where land. Congolese with a mega- in LeopoldviUe, Congo oapital. bloodshed to that and other t the higher rate common in the South,mission. and West Oil wells in marketing district 1-- The high interest rates, ti~e edi-i the Nesson anticline in westernI torn note, mean a real pocketbook lNorth Dakota--will be prorated att worry. The montlaly paymen~ on a tabout 48 barrels a day apiece,t $15,000, 20-year loan at 5~. percentt For the first time in four months, is $103. For the same loan at 6~ I wells in North Dakota's northern percent the monthly payment is $112. Total interest payments over the life of the loan are $2,067 more, $11,'825 as against $9,758. To beat the high cost of borrowing, buyers are advised to borrow less, borrow for a shorter term, or both. Crude Oil Demand May Fall in August Clarence B. Folsom, Jr petrol- eum engineer for the state geolo- gist's office predicted that the Aug- ust market demand for North Da- kota crude oil will drop to 60,779 barrels a day, about 650 barrels fewer than this month. The marketing expectation was set Tuesday at the monthly hear- ing of the State Industrial Com- counties-- district 2--will be allow- ed to produce without restriction. The reason is that demand for the oil should approach the pro- ducing capacity of district wells, or about 19,000 barrels a day, Folsom said. Lifting of restrictions in AugusL he said, will be a one-month trial tha~ should work out if crude buy- ers divide their purchases evenly arr ong district 2 wells. If they don't district 2 probably will return to enforced proration in September, Folsom said. A calf crop of 902,00{) head was estimated for North Dakota for 1960 3 per cent above the previous year and 16 per cent above the l{)-year average. The U. S. crop was 2 per 7 per cent above the 10-year aver- cent above the previous year are age. A tribute to peace U This is a more common scene than you might Out-of-state tourists often write their own ticket reco,rding facts and information from a peace officer they ve stopped inquiring about what to see, what to do, where to go or how to get back on the right highway. On the job every hour o every day, North Dakota peace officers guard your home, business, streets, highways-and the lives of you and your family. They also contribute much to your town and state in an eo- ouomic way as membem of North Dakotas tourist front line helping fulfill our reputation as good hosts to those who visit our state. North Dakota veace officers deserve your than b a . . . Jvor Dato,a C; m r d Comnmv BIG DOUBLE DRAMA in Los Angeles comes not from Hollywood but from scenes like these in the Hotel Biltmore and the Sports Arena, where the Democratic National convention is pro- riding two big shows. And, unHollywoodlike, the bit players won't know who the star is till the production is finished. Florida's Gov. Leroy Collins, convention chairman, gestures in talk with Senator Stuart Symlngton's forces in the hoteL From left: Charles Brown, Symington manager; Stuart Sy- mington, Jr.; Collins; James Symington, another son. Auto Workers l>re~4ent /~her urges the platform eom- mlttee hi t~e Bfltmore to work for sm, ol~-the-beazd rights reform. He backs sit-hi demom~ations as a "new. vital sad ~ forc~ i~ the United 8t~te~ ATOM LIGHT BRIGHTER THAN SUN'fr--Dr. Theodore I-L Mai- man of Hughes Aircraft research laboratories, Culver City, Calif displays the light source and the ruby crystal which form a breakthrough in the field of light. The device is called laser (Light Amplification by Stimulated Emission of Radiation). Light from the tubing activates the ruby crystal's atoms which, in turn, re-radiate it in purer and much magnified form, even brighter than the sun and in parallel radiations. Such a light, it is said, can be used in space communications, since a beam from earth to moon would spread to only a 10-mile area in that nearly quarter- of-a-million-mile distance. Theoretically, a searchlight would spread to 25,000 miles. (Central Press) North Dakota plays host to the:Miss A. E. Scott of Vancouver, B. International Northern Great Plains[ C. Conferences on Special Education, Janet M. Smaltz of Bismarck is and Rehabilitation when profession- al workers, specialists and other interested persons gather in Minor Aug. 15~18. Delegates are registering from North Dakota. ~outl~ Dakota. Mon- tana, Wyoming ann mree Canadian provinces, according to Edna GiN bert, conference president. Offering the keynote address Monday, Aug. 15 will be Dr. Earl Schenck Miers. author and histor- ian who has written much in the area of physical disability. His article, "Why Did This Have to Happen?" has been widely distribut- ed through the National Society for Crippled Children. Other prominent speakers will in- clude Dr. Leonard W. Larson of Bismarck. president-elect of the American Medical Assn.; Dr. James Geary, director of special education in Minnesota; Dr. Lee Christoferson of Fargo, Dr. John Ayash and his North Dakota Cleft Palate team and program chairman and Mrs. Elsie Loberg is registrations chairman. All sessions will be held on the campus of Minor State Teachers College. Social features of the con- ference will include shoptalk ses- sions and a western barbecue. A special ~eature of the confer- ence will be a half-day session on public relations and attitudes to- wards the handicapped. Dr. William Howell of the University of Minne- sota faculty will conduct a work- shop in this regard. The public is invited to attend the conference. Complete inform- atin is available from Mrs. Elsie Loberg, Minot State Teachers Col- lege, Minor . -43-- Horn flies can reduce milk pro- duction from I0 to 20 per cent, and reduce gain in beef by a half pound per day. The fly spend~ its entire adult life on the body of its host, so treat the animal. ACROSS ATLANTIC IN 55 DAYS--It's the 55-foot yacht Roll- ing Stone V off Sandy Hook, N. J near encl of a 55-day voy- age from Lamwerder, Germany, with a crew of five business- men. Owner and skipper, Donald Stone, receives greetings from wife Diane and 8-year-old daughter Chris when ashore. t