THE NOME NUGGET
Published Monday, Wednesday and Friday by the
NOME PUBLISHING C0.
NOME, ALASKA
E P. BOUCHER . Managing Editor
CLINTON GRAY . Production Manager
Telephone: Main 125 $1.50 PER MONTH
P.O. Box 618 $16.00 A YEAR
Entered as second class matter Octobe*- 14, 1943 at th$
postoffice at Nome. Alaska, under Act of March 3. 1879
Subscribers not receiving uieir papers by 5:30 p.m. call
Main 125 for special delivery. After 5:30 call Black 102
, COLD LOGIC_ _
irtw?/z—
Interest Rates Raised
To Five Percent on
FHA-insured Loans
WASHINGTON, Cfl>>—'The gov
ernment Saturday raised the in
terest rate on FHA-insured home
loans to 5 percent, effective Dec. 4.
The move was described as “a
decisive step to help homebuyers
to obtain mortgage financing.”
The present maximum rate is
4Vb percent, plus the Federal
'Housing Administration’s V4 per
cent insurance premium which
remains unchanged.
There have been complaints
from lending agencies and build
ers that the old FHA rate was
making it difficult to obtain loans
and that home construction would
fall off.
Albert M. Cole, administrator
of the Housing and Home Finance
Agency said “People in America
want to buy homes and this will
assist them to get the financing
they need.
“We cannot afford to let the
vital housing portion of our eco
nomic life dwindle to a point
which jeopardizes our productive
capacity and threatens the jobs
of many thousands of people thru
the country working in the home
building industry.”
Chinese Premier
Hints Again on
10 Held Americans
NEW DELHI, India, WV—Red
China’s Premier Chou En-lai said
Saturday Americans held in Chi
nese jails “always have a chance
with good behavior to get out be
fore their sentences are served.”
It was the second hint from a
top Chinese Communist function
ary this week that the 10 Ameri
can civilians still held in Red Chi
na’s prisons might be released be
fore long. President Mao Tze-tung
was quoted by the Italian weekly
Tempo Revisto Tuesday as saying
the long fruitless negotiations
with the United States for release
of the Americans can be “favor
ably concluded.”
The Americans are charged with
spying or other crimes against the
Chinese Communist government.
They include five Roman Catholic
priests, a Lutheran missionary,
two businessmen, and two Army
civilian employes.
The U.S.-China talks that have
dragged on in Geneva since Aug.
1955 have resulted in the release
of 11 U.S. flyers and 30 American
civilians from China.
Chou, on a 10-day tour of India,
talked with newsmen before fly
ing to Poona. He received a warm
welcome during three days of
talks here with Prime Minister
Nehru.
“We would like good relations
with everyone,” Chou said.
The Chinese Premier acknowl
edged that he and Nehru did not
see eye to eye on the situation in
Hungary but implied he was not
disturbed by the differences.
Canada’s Mineral Industry
Sets Production Record
SPOKANE, (fl—Canada’s min
eral industry will set a production
record this year of $2 billion—
about $200 million above the 1955
record, the Northwest Mining As
sociation convention was told here
Saturday.
C. H. Mitchell of Vancouver, ed
itor of the Western Miner and Oil
Review, also predicted new Cana
dian records in prospecting, mine
exploration and development. He
said British Columbia is exper
iencing Ms biggest claim staking
year.
Ex-Conviet Admits
| He Killed Four
j Following ‘Urge’
LOS ANGELES, I*—A 33-year
old ex-convict has told police that
four times in a little more than a
year he has carried out an urge
to kill.
Stephen Nash, a 6-foot-2, 180
pound transient, was picked up
on Los Angeles’ skid row Friday
with blood encrusted on his hands
and on a hunting knife he carried.
Police say the blood is that of
10-year-old Larry Rice, found the
day before dying from 30 stab
wounds beneath a pier on the
beach at nearby Santa Monica.
Det. Sgt. Larry Scarborough
said the gaunt, toothless Nash ad
mitted killing the boy and then
blurted out confessions to three
other slayings, adding:
“I just had an urge to kill. The
world was pushing me around,
and I was just getting even.”
Scarborough said that in addi
tion to the Rice boy’s slaying,
Nash admitted killing:
John W. Berg, 27, a hairdress
ing student whose body was found
in his Long Bbach apartment last
Tuesday, stabbed three times—in
the chest and stomach.
Floyd LeRoy Barnett, a tran
sient whose body, stabbed and
beaten with an iron pipe, was
taken from the Sacramento River
near a hobo jungle in October
1955.
An unidentified man whose
body Nash says he dumped off a •
roadside cliff near Oakland, Calif,
shortly after the Barnett killing.
Police in' the northern California
city have no record of such an
unsolved crime.
Death Claims Composer
Of Many Popular Tunes
BURBANK. Calif., M*—Death
has taken the co-composer of
“Chinatown” and nearly 100 other
songs since World War* I days.
Jean Schwartz, 78, a charter
member of the American Society
of Composers, Authors and Pub
lishers (ASCAP), succumbed Fri
day, Nov. 30.
The many songs by Schwartz
and the late William Jerome in
cluded “Rockabye Your Baby
With a Dixie Melody,” made fa
mous by A1 Jolson; “Bedelia,” and
one of the first World War’s most
famous melodies, “Hello, Central,
Give Me No-Man’s Land.”
Schwartz, born in Budapest, be
came a U.S. citizen in 1902.
COMPETITOR WINS
SACRAMENTO, Calif., Oft—At a
Public Relations Assn, banquet,
Radio Station KROY offered a
door prize of $45 worth of co.n
mercial air time.
The winner: Keith Collins, gen
eral manager of Radio Station
KFBK.
THE
POLARIS
COFFEE SHOP
WILL BE
CLOSED DEC I
FOR
REMODELING
WATCH FOR
OPENING DATE
I _.
U.S. Olympic Boxers
Win Two Gold Medals
MELBOURNE, UPV—Heavyweight
Pete Rademacher of Grandview,
Wash., and light heavyweight Jim
Boyd of Rocky Mount, N.C., won
gold medals for the U.S. in the
Olympic boxing tournament.
Rademacher, a 28-year-old Army
lieutenant, stopped Russia’s hulk
ing Lev Moukhine in the first
round after Boyd had out-pointed
Georghe Negrea of Romania.
Altho its big buy, Moukhine,
was beaten, Russia led all com
peting nations with three gold
medals—grabbing the feather, the
light welter and middleweight
crowns.
The U.S. and Great Britain
were next with two champion
ships and German, Romania and
Hungary each had one.
POPULAR SALMON STAMP
SEATTLE, UP)—Sales of three
eent king salmon stamps issued
by the Post Office Dept, have
amounted to 851,957 stamps, or
$25,558, George Morry, Seattle
postmaster, said. The stamps went
on sale in Seattle on Nov. 9.
The Theater Announces
A Change of Schedule
For This Weekend Only
l The management of The Thea
! ter have announced a change of
i schedule for this week due to the
fact that they will be closed Sat
urday during the Roof Garden.
In deference to the Pioneers of
Alaska, The Theater has closed
.its doors annually during this
event.
Another change is the an
nouncement that there will be no
serial on Friday as scheduled as
the picture to be shown, “Black
board Jungle,” is not recommend
ed for children, even if accom
panied by parents. The brutality
of the teen-agers in the picture is
the cause of the recommendation.
A fine show, “The High and the
Mighty,” is scheduled for Sunday
and Monday.
If You Want To Rent
A House or Apartment
The Man to See Is . . .
George Hite—Main 123
P.O. Box 123, Nome, Alaska
Showing at The Theater Tuesday and Wednesday
Thursday and Friday — “The Blackboard Jungle”
— NOT RECOMMENDED FOR CHILDREN —
NO rHOW SATURDAY—See You at Ihe Pioneer Roof Garden
Sunday and Monday — “The High and The Mighty”
Modern Laundry & Dry Cleaners
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EIGHT-HOUR SERVICE
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It's worth its weight in silver and gold
If you want water that's mineral-free
Call BRONSON'S WATER DELIVERY
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