Word: buffalo
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Supply & Demand. While Congress acted to make more mortgage money available, builders and bankers argued whether the housing slowdown is primarily due to tight money or to a more basic slump in housing demand itself. Speaking to bankers in Buffalo last week, President George S. Goodyear of the National Association of Home Builders declared that it was largely due to tight money. Countered Manhattan Life Insurance President Thomas E. Lovejoy Jr.: "The supply and demand for housing has more to do with the drop in starts than high interest rates. Since 1948, we have been building so many houses that...
...corrects his Gen. Ed. papers; but between these events only the click of billiard balls, the slap of a pingpong paddle, and a kitchenbroom's swish break a sluggish silence in the building. He ignores its pictures of old athletes on the walls, hangs campaign posters from mounted buffalo heads, and ties bibs around John Harvard's bust in the dining room...
...March to the lowest rate in eight years. The decline was reflected in the appliance industry, where sales of home laundry equipment in the first quarter were down 18% from last year, and in lumber and other industries tied in with housing. Steelmakers also were still trimming production: in Buffalo, Republic Steel Corp. was operating only five of its nine steelmaking furnaces...
Winter Swimming. Inventor Walter Bird of Buffalo demonstrated a plastic cover for winterizing outdoor swimming pools. The pool cover is supported by raising inside air pressure slightly with an electric blower. Bird says that sunshine makes the water comfortably warm in fall and spring, but recommends a water heater in northern climates in midwinter. Estimated cost of cover, which is stored away in summer, is less than $1.50 per square foot of area enclosed...
...Populi. In Detroit, Law Student Frank Castelluccio noticed on his absentee ballot that no one was running for the New Buffalo, Mich, township's Highway Commissioner, idly wrote himself in, was elected by one vote...