The Denison Press (Denison, Tex.), Vol. 32, No. 24, Ed. 1 Thursday, December 24, 1959 Page: 19 of 22
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* pace may slow
down in 1960
WASHINGTON (UPI) —Home
building is setting a 9-year high
in 1959 but a 1960 downturn is
in store.
The Commerce department's an-
nual review and outlook for the
construction industry estimates
that private housing starts in 1951)
will total 1,325,000 dwelling units.
This would top the 1,310,000
aUrta pwtod in 1055 and t* c-
ond only to the 1,868,000 units
begun in 1060.
The official forecast for 1960
in 1,200,000 dwelling units, a
goodly volume in comparison to
most recent years but, according
to come authorities, not enough to
meet the country's housing needs.
The reason given by the Com-
merce department for the down
turn is the tight supply of mort-
".:ige funds. Construction is pick-
ing up in other lines and busi-
ness investment generally is ex-
panding. The result is a mount-
ing demand for the supply of
loan dollars, which the Federal
Reserve board it not letting grew
apace—its way of preventing ex-
cessive demand pressures on pricse
and inflation.
A noteworthy feature of the
residential building pattern the
experts sketch for I960 is more
apartments and fewer houses.
This would continue a trend of
multiple dwelling units gaining on
one-family houses.
According to housing officials,
apartment house construction is
less vulnerable to the squeeze of
high interest rates because such
projects are more speculative. In-
vestors in then) are not deterred
by an extra quarter-point in in-
• •
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BAHCOCK KROS.
AUTO SUPPLY STORES
DanUon man, Col. Bengel, honored
I
(T
M
V
(AHTNC) — Army Lt. Col.
Lawrence W. Bengel (right) of
Denison, Tex., receives a Com-
mendation Ribbon from Rrig. Gen.
Bruce I'almer Jr., deputy com-
mandant at the U. S. Army War
college, Carlisle Barracks, Pa.
Colonel Bengel was commended
for meritorious service as com
rr.ander of the U. S. Army Siennl
Long Lines Battalion and the i
commander of the U. S. Army
41 •
TO ALL OF YOU
FROM ALL OF US!
•. *
t •
May we extend our tincercst
wish for a joyous Yule*
tide Season! Our friendship
has grown through the years,
and we truly thank you for youi
generosity and patronage. May the
future hold greater (tore* of
prosperity for youl
CHARLES HARRIS
MRS. MARY HELEN KINGSTON NIX
AND ALL THE FORCE
KINGSTON'S
YOUR INDEPENDENT REXALL DRUG STORE
322 W. MAIN
PHONE HO 5-1651
!crest charges. Lendirs ate said
to prefer a big project because it
lowers incidental lending costs.
Some officials say the 1900
downturn will be more of a level-
ing off than a genuine decline.
These < bscrvers maintain that the
big pickup this year—from 1,141,-
500 starts in 1958—was artificial-
ly stimulated by the government
I !I5S anti-i ecession efforts. Hence
1960 will he a "paying back" of
some .starts "borrowed" in 1919.
This vi.w concludes that hous-
ing starts are sliding into a more
normal level at 1,200,000 a year,
a pace which is likely to be sus-
tained for several years.
There is widespread agreement
that the spurt in home building
this year was heavily influenced
by the government's 1958 billion-
dollar mortgage purchase pro-
gram. Key members of congress
have already hinted that they
might favor some revival of the
program next year if housing
starts continue to sag.
The decline began in May, after
April housing start: hit an annual
r.te of 1,434,000 units. By Octo-
ber the rate was down to 1,180,-
000. Commerce department ex-1
perts doubt that November and i
December figures will be much I
lower. They expe t smaller month- I
Signal Communication Agenc
both in Japan. The 38-year-old
officer, son of Mrs. Charles W.
Bengel, 1300 E. Texas St., Deni-
son, is now a student at the col-
lege in Carlisle Barracks, Pa.
Bengel, whose wife, Johnnie, i.-'
with him at Carlisle Barracks, en-
tered the Army in 1940. He was
graduated from Denison High
school in 1939 and from the Uni-
versity of Maryland in 1959.
ly changes in 1900 than the wide
fluctuations of 1959.
Christmas Greens
Brighten Home
A few well placed Christmas
greens can do much to brighten s
house at Christmas time. Properly
clipped, the branches will never
be missed, and might improve the
looks of the tree from which they
are cut.
Hemlock, red cedar, juniper, yew,
pitch pine, white pine, will make
Plans dropped by
Pillsbury for new
southwest plant
According to a message sent the
Dallas News and printed in its
iisue of Sunday the local PilLs-
buiy plant plans for a refrigerat-
ed plant in the southwest at this
time has been called of The an-
nouncement was made by George
Hosfield of Minneapolis, Minn ,
while in Denison on a short visit.
Hosfield was in Denison con-
ferring with local Pill bury plant
officials and membeis of the in-
dustrial committee of the Denison
chamber of commerce.
"Due to the tremendou growth
of this area there is a possibility
that the plant might he consider-
ed later," Hosfield -aid. "If so,
Denison will be given considera-
tion for its location."
THE DENISON PRESS, DENISON, TEXAS
THURSDAY, DECEMBER 24, 1959 PAGE FlVg
The possibility of the plant be-
ii.g built here had occupied the in-
dustrial committee for some time.
Member.; made several tiips to
Minneapolis and they have had
vurjouH Pillsbury officials in Den-
ison.
Pillsbury had even taken an op-
tion on 30 acres of land on FM 84
northwest of Denison from Mr.
and Mrs. Aubrey Halterman.
This was shortly after the visit
to Denison of Paul Gerot, presi-
dent of Pillsbury, here, at which
time Gerot announced future plan
for building the plant in the south-
west.
Pillsbury purchased the Ballard
ft Ballard Ovenready Biscuit plant
heie several years ago and have
expanded its operation here con-
siderably. It employs 15o persons.
HOMEMADE GREENHOUSE
Flower lovers need not be dis-
couraged by winter's cold blasts.
They can now build their own
greenhouses, made of inexpensive
polyethylene plastic film, for as
little as $50 for a 8-by-10 foot
building. In temperate climates,
three to six cylinders of LP-Gas
will heat this greenhouse for a
whole year.
WORK MADE EASY
Here's a tip for homemakers
that will spare them the hard work
in washing the broiler pan on
their kitchen range. Sprinkle de-
tergent over the hot pan, cover
with wet paper towels, and let it
stand while you eat. When you're
ready to do dishes, the grease will
wash off easily.
suitable material for a spray to
decorate a mantle, door, or a spray
for a newel post.
In pruning, however, keep in mind
the natural appearance of the tree
from which you clip branches.
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GOOD WILL TO ALL MEN
We pause to extend our sincerest good ivishes
durinp the holiday season to all our many
friends. It is always a pleasure to serve you.
saio/z i
May the
give you
^zdailatim ^iUz/ioxial LPazfz
On U. S. Highway 75
Bnlween Denison and Sherman
Grayson County's Finest Burial Estate
w
.
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II
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To our dear old friends.
n < & I I to our cherished
y SyrtP.
r new friends and
- - "J
gBP^FwPlI/ to those whoso
y .*>. / '
friendship
we hope lo earn,
we extend the
GREETOGS OF THE SEASON
WP
3
WIGGINS MUSIC CO.
E. (Shorty) COMBS
606 S. ARMSTRONG PHONES HO 5-6440 or HO 5-3565
■4. .
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Anderson, LeRoy M., Sr. The Denison Press (Denison, Tex.), Vol. 32, No. 24, Ed. 1 Thursday, December 24, 1959, newspaper, December 24, 1959; Denison, Texas. (https://texashistory.unt.edu/ark:/67531/metapth329162/m1/19/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Grayson County Frontier Village.