Thursday. January 6, lt>B3
FHA Lowers Its Rates
Interest rates on Communi
ty Program loans at the U.S.
Department of Agriculture’s
Farmers Home Administra
tion was lowered January 1.
1983, District Director Donald
W. Norman announced.
The full interest rate drops
from 10.625 per cent to 9.75
per cent. This rate is based on
current market yields for
municipal obligations. The in
termediate rate, for com
munities of mederately less
than average means, declines*
from 7.875 per cent to-7.375
per cent. The rate for lower*
income communities remains
unchanged at 5 per cent.
Loan services under this
program are available to
public bodies, such as
municipalities, counties,
districts, authorities or other
political subdivisions of a
state, and to organizations
operated on a not-fbr-profit
basis, such as associations,
cooperatives and private cor
porations. Projects financed
are water systems, waste
disposal systems, public safe
ty facilities (fire, police,
rescue and ambulance ser
vices), health care facilities,
public service facilities,
recreation facilities and new
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HOLLOWELL & BLOUNT REXALL DRUGS
& UinMll
MITCHENER’S PHARMACY fDliil'cSl
hospitals and major expan
sions of existing hospitals.
Farmers Home Ad
ministration is the rural
credit agency of the U.S.
Department of Agriculture. It
makes a wide variety of loans
and grants and provides
technical assistance to help
improve economic and living
conditions in rural America.
Its loan services, like all pro
grams and services of the
USDA, are available to every
i one without regard to race,
sex, tpkgion, national origin,
tiMaria tus, or handicap
ped condition. ,
Services of the North
Carolina) j agency are
deliveredlthrough a system of
88 county offices, 11 district
offices and the Raleigh State
Office. The offices serving
this area are: District Office,
111 West Boulevard,
Williamston, N.C. 27892
(phone: 919-792-1006), and
County Office, ARPDC
Building, Church Street Ex
tension, Box 47, Hertford,
N.C. 27944 (phone:
919-426-5733).
"Moonlight is sculpture."
Nathaniel Hawthorne
Sports Injury Research Center Established At UNC
CHAPEL HILL - Two
faculty members at the
University of North Carolina
at Chapel Hill have establish
ed a National Center for
Catastrophic Sports Injury
Research in the hope of reduc
ing the number of serious in
juries in athletics.
Drs. Fredereck O. Mueller
and Carl S. Blyth, both pro
fessors of physical education,
say the purpose of the new
center is to gather informa
tion on sports accidents and
deaths from across the
country.
Past efforts have resulted
in changes that have reduced
the number of deaths and
crippling injuries in football.
Each year, the information
will be analyzed and passed
on to organizations that have
the power to make sports
safer through rule changes,
higher standards for equip
ment and improved coaching
techniques.
Among these groups, accor
ding to Mueller, are the Na
tional Collegiate Athletic
Association, the American
Football Coaches Association,
the National Federation of
State High School Associa
tions, the National Associa
tion of Intercollegiate
THE CHOWAN HERALD
Athletics and the National
Junior College Athletic
Association.
“We have a national clipp
ing service that sends us
stories about injuries and
fatalities, and we have
developed a network of more
than 100 people around the
country who have been con
tacting us whenever they hear
of these events,” Mueller
said. “We then follow up on
each report with letters and
telephone calls to find out ex
actly what happened.”
In the past, the pair's
research has been limited to
football but is now being ex
panded to include all high
school, sandlot and college
sports. It grew out of the An
nual Survey of Football
Fatalities begun at Yale
University in 1931 and
transferred to UNC-CH in
1965.
Among the rule changes the
survey has helped to bring
about in football was one pro
hibiting “spearing” and “but
ting”-the use of head as the
initial point of contact for
blocking and tackling.
The survey also was in
strumental in setting the first
standards for the design and
manufacture of football
helmets, Mueller said.
As a result of ..these
changes, the number of
deaths directly attributable to
football injuries was cut
almost in half, dropping from
15 in 1976 to eight in 1977, he
added. The number of cases
of permanent paralysis was
also roughly halved to bet
ween 10-15 cases a year.
“If we’re to help reduce
sports injuries still further,
Moderate Increase Is Predicted
Dr. J.W. Pou
This year’s increase in
retail food prices is expected
to average only 5 to 6 per cent,
the lowest annual rise since
1976.
Extension economists at
North Carolina State Univer
sity say there are two major
reasons for the moderation in
food price rises in 1982.
One is the small increase
anticipated in the farm value
of foods. The farm value of
foods this year is expected to
be only 2 to 4 per ent above the
levels of 1981 the third
small annual rise in a row.
Furthermore, food
marketing costs are rising at
a much slower rate than in the
we have to have reliable infor
mation,” Mueller said.
“That’s why we are encourag
ing people to report any high
school, sandlot and college
sports accidents to us here at
the University’s department
of physical education.”
Every year in the United
States, more than 13 million
high school and college
students participate in some
form of athletic competition.
past five years. The rise in
these costs, which are added
after foods leave the farm, is
expected to rise 4 to 6 per cent
this year.
Specialists with the U.S.
Department of Agriculture
(USDA) say the slowdown in
marketing costs, which they
term “dramatic,” is largely
due to the 1981-82 recession,
which has weakened demand
throughout the economy.
The USDA specialists say
the slowdown is significant
because marketing costs play
a dominant role in food pric
ing at retail.
Food marketing costs are
reflecting in the farm-to-retail
price spread. These costs ac
count for about 65 per cent of
the retail price of food, with
the other 35 per cent represen
ting the farm value.
In seven of the past eight
years, increases in marketing
costs have been the largest
contributor to rising prices for
food consumed at home.
During the months January
through May, labor costs in
the food industry rose 11.5 per
cent in 1981, but this year they
have risen only 7.2 per cent.
These figures are averages
for the manufacturing, whole
saling and retailing sectors of
the industry.
As workers have focused
more on job security, they
have negotiated smaller wage
and benefit increases in some
new contracts. Also, the lower
general inflation rate has
moderated cost-of-living
wage adjustments.
Packaging materials are a
very substantial cost factor in
the food industry. In the first
five months of 1981, packag
ing costs rose jjfer fclhf?
This year the rise has been on
ly 0.7 per cent.
Prices for paperboard and
paper prducts have risen less
than a third as much as they
did a year ago. Costs for wood
pulp have remained nearly
stable over the past year.
Packaging costs also have
been held down by sharply
lower prices for polyethylene
resin, the main raw material
in plastic containers, USDA
said. Prices for tin cans and
glass containers also have
risen less than a year ago.
During the first five
months, fuel and power costs
of the food industry rose near
ly 21 per cent last year,
whereas the increase this
year was only 5.7 per cent.
U.S. farmers are cutting
back on hog production and
marketing this year. As pork
supplies are reduced, retail
pork prices are likely to rise
considerably.
Retail prices for most other
foods will continue to rise
moderately, because of small
increases in marketing costs.
Prices for dairy products, in
particular, are likely to show
little change,as milk produc
tion will stay large and
minimum prices to dairy
farmers will remain near pre
sent levels.
Dißona Elected
WALTHAM, MASS-The
Directors of Dennison
Manufacturing Company
have elected Richard T.
Dißona as a member of its
Board.
Dißona is the president and
chief executive officer of
M/A-COM Inc., as well as
Director of that company.
M/A-COM Inc. is a manufac
turer of electronic com
munications products and
systems.
Dißona lives in Wayland,
Mass., with his wife and
three children.
Dennison is a diversified
“Fortune 500” corporation
which manufactures and
distributes a variety of pro
ducts and systems for major
markets: stationery products
and systems, retail systems,
identification systems,
packaging systems, fastener
products and technical
papers, with a plant in
Edenton.
It was once believed that St Valentine's Day is the day
birds find their mates.
RESIDENTIAL COMMERCIAL
mALTYy
realtor 482~2645
106 East King Street
NEW LISTINGS
CHARMING 1 YEAR OLD HOME—3 bedrooms, 2 baths,
large family room, utility room, workshop. Central heat
and air $35,000.
IN THE COUNTRY—2 bedroom home on >n acre of
land, workshop. Central heat & air $32,000.
NEW BRICK. WATER ACCESS-Near Country Club,
great room with fireplace, 3 bedrooms, 2 baths.
EDEN STREET—LoveIy brick ranch, 4 BR, den
w/fireplace, LR, kitchen, 2 full baths $68,900.
NEAR HANCOCK STATION—Home or mobile home
sites. 5 acre tract $3,700.
6 acre tract $5,000.
ARROWHEAD BEACH—New 2 bedroom house on 2
lots $27,500.
ARROWHEAD BEACH—Attractive 3 bedroom homt.
living room, dining room, kitchen and bath. Situated on
3 wooded lots $19,500
HISTORIC DlSTßlCT—Charming 1‘ 2 Story Brick
home, L.R. with fireplace, Den with fireplace, 2 full
KotHc
HICKORY LANE Great Rm„ Kit. with convenient
dining room, 3 bedrm., 2 baths, game room and large
yard $60,000.
WATERFRONT Albemarle Sound, > 2 acre lot on
Bella Vista Di $26,500
LOVELY BRICK HOME—In a desirable location, 3
bdrm, 2 bath, L.R., Den w/fireplace, central heat and
A/C, new appliances, new carpet, fenced back yard.
beautifully landscaped $49,900.
FOR RENT—House and apartments.
8.5 ACRES WATERFRONT—With private boat basin,
secluded, rustic 3BR log home in idyllic setting. 10%
financing.
HOME ON THE CHOWAN RIVER Great Room, 4
8.R., 2V 2 baths, Large screened porch, pier. $75,000.
HOME ON THE ALBEMARLE SOUND Cape
Colony, 2 story brick, 3 or 4 Bedrooms, L.R., with
fireplace, Family Room with fireplace, large deck,
workshop. Central heat and air $73,500.
FANTASTIC BUY!—Country Club area. Owner
must sell. 4BR brick ranch. Over 2000 sq. ft ’ 2 acre,
fenced lot. Garage, family room with fireplace, 9 1 2 per
cent assumption $62,500.
CHOWAN BEACH—House on 2 lots. 2 BR, 1 bath,
screened porch, 1 outbuilding. Priced to sell $18,500.
HISTORIC DISTRICT—LoveIy 2-story frame house.
Large country kitchen, family dining room, 3 BR, 2
baths, 2 fireplaces. Reduced to $55,000.
MORGAN PARK Lovely 3BR brick ranch in
excellent condition, central heat and air. built-in, 9‘ 2
per cent assumption $65,000.
NEAR TOWN—Attractive brick veneer home on > 2
acre wooded lot, 3 BR, LR, den, dining area, l baths.
10 per cent APR owner financing $39,500
4 BEDROOM HOME On 2 acre lot. Convenient to
town, 2 full baths, LR, family room W-woodstove,
central air and oil furnace, 3 yrs. old, outbuildings. 10
per cent APR owner financing $42,000.
BRICK HOME Three BD, 2 baths, large
livingroom with fireplace, dining room, kitchen. Well
insulated. Central heat and air. Two car garage and
workshop. 12 per cent owner financing $4 i MO.
SNUG HARBOR Two bedroom frame
house $18,500.
CAPE COLONY 3 home, eat in kitchen,
living room with fire- ‘cO - on the water. 10
per cent owner financ...g $39,000
SMALL HOUSE IN COUNTRY—I year old Price
reduced to $12,500.
TWO BEDROOM HOME ln town, living room w
fireplace. bath, eat-in kitchen, screened porch, fenced
backyard. Make an offer.
HISTORIC DISTRICT Spacious 2M> story home
with large, beautifully landscaped yard, 6 bedrooms, 2
full baths, 2 half baths, 2 car garage, workshop, guest
house, recreation room, waterview
APARTMENT HOUSE Good location in town, 5
apartments. 3 lots $40,000
ALBEMARLE SOUND Beautiful wooded lots over
one acre in size on the water. Prices starting at ar
unbelieveable $24,000
10 PERCENT ASSUMAW'S LOAN Payments of
304. per month buys new 3 bedroom home in
the country with 3/4 lot. Call for further details.
Low down payment.
INVESTMENT OPPORTUNITY Apartment
house with eight apartments. Excellent income i n
prime location. 9V4 per cent assumption $85,000
PRICE REDUCED Log Cabin, beautiful inside
and out. Large fireplace, 2 bedrooms and loft. Main
tenance free, energy efficient $38,000.
ACREAGE Three lovely acres in a choice
location, privacy. 12 per cent owner financing. .SIO,OOO.
WATERFRONT Elegant home in a spectacular
setting on the Albemarle Sound, featuring, foyer, great
room, 3 or 4 bedrooms, Florida room, 2 full baths and 2
half baths. Plus 3 bdrm guest house. 1.1 acres with
sandy bead). 12 per cent owner financing.
COMMERCIAL BUILDING On 2.6 acres with 365’
of highway frontage -12 per cent owner finan
cing $65,000.
HISTORIC DlSTßlCT—Charming 4 BD home with 2
full faths, eat-in kitchen, formal dining room, LR, den,
and utility room. Beautiful yard. Price reduced
Waterfront uks snug Harbor and Arrowhead.
Other Lott and Acreage For Sale.
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