The Battalion. (College Station, Tex.) 1893-current, October 12, 1979, Image 5

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    THE BATTALION
FRIDAY, OCTOBER 12, 1979
Page 5
Home mortgages may
decline by year’s end
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United Press International
AUSTIN — Home mortgages will
be almost impossible to obtain in
Texas by the end of the year unless
something occurs to relieve the
credit crunch and lower interest
rates, a savings and loan industry of
ficial said Thursday.
Officials of the savings and loan
industry already were contemplat
ing asking Gov. Bill Clements to
allow the Legislature to consider
another increase in the state’s inter
est ceiling on home mortgage loans
before the prime rate was increased
this week to 14.5 percent.
A savings and loan spokesman
said home loans will be extremely
difficult to obtain in Texas under the
current usury ceiling.
“There’ll be some building by
people who move into the state with
equities to put into a house or who
can work out special deals, but it’s
going to severely decrease home
building,” said Durward Curlee,
executive director of the Texas Sav
ings and Loan League.
The money shortage will come
despite an increase from 11 to 11.25
percent in the maximum lenders in
Texas can charge as interest on
home mortgage loans, Curlee said.
He said the prime rate the savings
institutions pay to borrow money to
lend for mortgages increased to 14.5
percent Tuesday, and the savings
and loan institutions cannot borrow
at 14.5 percent and lend the money
to home buyers at a lower rate.
Steps taken by the Federal Re
serve Board to reduce the amount of
money in circulation by requiring
banks to hold more money in re-
r. We are going to take appointments after 6 beginning'll
Tf Oct. 10th. f 1 *
5 Vogue Hairstyling Salon £
| 846-8030 |
What they did last weekend, they
not only raised the price or money —
but they took very strong action to
serve will have almost as serious an
impact on lending as the skyrocket
ing interest rates, Curlee said.
“What they’ve been doing to this
point is raising the cost of money.
Woman says girl murdered
as police responded slowly
reduce the amount of money availa
ble.”
Curlee said he expects the mortg
age situation to be worse than oc
curred during the 1973-74 reces
sion.
“The interest rate problem pretty
well cuts us out of anything but mak
ing loans from deposits that we get.
It prohibits us from borrowing from
the Federal Home Loan Bank or
commercial banks,” he said.
Curlee said the savings and loan
industry will decide by December
whether to ask Clements to include
the interest rate ceiling in the
agenda for a special legislative ses
sion.
Continental
Pipe Line Company
S'
Management Training Program
Seeking high-potential BS, MS, MBA (with engineering un
dergraduate degree), male, female engineering graduates for
on-the-job, 12-month management development program in
Continental Pipe Line Company, Supply and Transportation
Department of Conoco Inc. (formerly Continental Oil Com
pany). Advancement past development program into manage
ment positions is based on performance and ability. Check with
Placement Office.
Battalion photo by Lynn Blanco
Foreign visitor?
Tran Merril, a freshman elementary education major,
dressed up for the Memorial Student Center Variety Show
held Thursday at the Rudder fountain. She was part of the
MSC DaV at the Fountain, a program designed to acquaint
Indents with the MSC committees.
United Press International
HOUSTON — A woman has told
city officials she heard a murder
victim struggling and calling for
help in the night, but police were
slow to respond to her telephone
alert.
Irene Manak told City Council
Wednesday she heard Joann
Huffman, 16, pleading for help on
her front porch about 11 p.m. Oct.
3.
The next day, Huffman was found
shot to death in a park across the
street from Manak’s home.
Huffman’s boyfriend, Robert
Spangenberger, 18, was found de
capitated in the trunk of a parked
car.
But when she called police,
Manak said dispatchers told her
they could not understand her and,
at one point, hung up on her.
Manak said several calls were re
quired before police responded.
*WMSC AGGIE CINEMA
laylor conducts special tests
the MSC
today
Baby saved from retardation
United Press International
DALLAS — Debbie and
- Gary
$2 for studi: ig res t k new something was wrong
; or at the da ijth their new daughter but they
the folWfjpt realize just how close little
Adams and te phanie was to living mentally de-
cient.
“When we brought her home,”
..imp § e g rest sajd “she didn’t move
Bund very much. She didn t make
C. ny noises and wasn t very alert,
singer Melliw wouldn't eat well and gained lit-
ire $3.50, Sfr
in this suspejN critic
r a world ci-i ■ 1
'--won t teach
Jesus Christ power pros
United Press International
IHOUSTON — Nuclear power
pic John Doherty planned to
Bch a short course on the hazards
ithe atom until he discovered most
nmunity coif those enrolled in his class were
I be on disifouston Light & Power Co. nuclear
ingineers.
TUBE CLlfThe $11, two-month course was
at the Floriif 101 ^ offerings this fall at the uni-
Irsity of Houston Sundry School,
rn jj r P off-campus college for dabblers.
u er oj jp 0 h e rty, a UH law student who
J0S plicly has opposed HL&P plans
iners, inclotplnuclear plants, said Thursday he
rhn Doucet walked into his first class Oct. 1 and
Kind four of the seven enrolled
MSC Recreitf ere HL&P nuclear power
jpecialists.
7 ,, 1 “I decided there just wasn’t really
ee a ' liite a bona fide student body,
Doherty said.
n thissuspe® I Doherty suggested HL&P had
) a world o(» ent the four to the class on instruc-
Isome detect ons ). 0 mon itor his activities.
8 p.m. tod| “They might have been there to
te a little bit mischievous, I sup-
ch around N e > but I have no way of know-
in KyleFieik" he said.
20 a.m. L HL&P spokeman Graham Painter
n RudderllC n ‘ e ^ t ^ ie su gg est i° n °f corporate
1 Mischief.
BThey were not taking this course
ja corporate objective,” Painter
|d. “These are people who made a
jfsonal decision to take this course
fftply because of their interest,
ir expertise, in that area.
II be held id
Brazos Co®
1 to participi-
lachy parlciif
tie weight.”
But Stephanie was lucky. Because
she was born at Baylor University
Hospital, one of the few hospitals in
the state that screen newborns for
congenital hypothyroidism — a rare
hormonal disorder that affects ap
proximately 1 out of every 5,000
neyvborps — her condition was de
tected in time and she immediately
was placed on medication to keep
her system in balance.
If Stephanie’s condition had gone
undiagnosed past 3 months of age,
she would have developed mental
deficiencies and might have spent
the rest of her life in an institution.
“I can’t help but think what might
have happened if I had gone to
another hospital,” said Mrs. Seg-
rest. “Would they have run the test?
By the time the condition was dis
covered, would it have been too
late?”
“I count it a blessing Stephanie
was born at Baylor.”
Stephanie is now 8 months old
and looks like any normal, healthy
baby. But for each day the rest of
her life, Stephanie will take thyroid
hormones to keep her system bal
anced. If she fails to take her
medicine, she soon will begin to de
velop signs of hypothyroidism, said
Jenkins, which in youngsters can
lead to retardation and in older
people, to loss of energy and hair
and skin problems.
“Two years ago, the Legislature
passed a law saying we would do the
test at the state health department
but the appropriations were cut by a
committee,’ recalled Dr. Brad
Therrell of the Texas Department of
Health. “In the last session, the
Legislature passed a law making it
mandatory and did appropriate the
funds.
“We re now awaiting the arrival of
equipment, which should happen in
a couple of weeks, and we re on pins
and needles waiting for testing to
begin.”
Therrell said the hypothyroidism
tests, which will cost taxpayers 50
cents per child, will be included
with three other mental retardation
screening tests currently performed
on blood from each of the 240,000
babies born annually in Texas. The
incidence of the hormonal imbal
ances currently tested for are much
higher — such as 1 in 300,000 —
than for congential hypothyroidism.
Medical experts are unsure of the
cause of hypothyroidism .
“BRIGHT, ROMANTIC, IMAGINATIVE
AND EYE-FILLING.”
— Bruce Williamson, Playboy
“It is a luminous film with wit, passion, breath
taking beauty, and sun-struck images.
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