Margin Cut Eases Stock Purchases Across Exchanges
The Federal Reserve Board reduced the stock margin requirement from 70 to 50 percent effective today, signaling added liquidity for industry. Keith Funston praised the move as helping raise working capital, with early effects seen on the Pacific Coast Exchange in San Francisco as prices rose. The decision followed a weaker December showing in personal income and industrial production, highlighting an economy slowing after a steel strike.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Keith Funston
New York Stock Exchange
Pacific Coast Stock Exchange
San Francisco
Reserve Board
Commerce Department
Eisenhower Signals Broad Farm Price Support Reforms
President Eisenhower urged lower price supports for major crops and dairy and looser production limits in a 14 point progress program. He would scrap costly short term soil bank, raise planting allotments for key crops, end corn allotments, curb escalator clauses, redefine supports at 60 to 90 percent parity, and expand conservation and rural development efforts.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Congress
Secretary of Agriculture
Advisory Board
The
Commodity Credit Corp
Mother Asks Mercy of Reds in Shanghai Meeting
Mrs Ruth Redmond of Yonkers New York met her imprisoned son Hugh in Communist Shanghai as part of a trio of American mothers seeking clemency for spies. She appealed to Premier Chou En Lai, saying she hopes for mercy though no word or answer has come. The 38 year old son, held since 1951, was a former Shanghai businessman.
MENTIONED IN THIS ARTICLE
Hong Kong
Ruth Redmond
Hugh
Shanghai
Yonkers
N. Y
Red
Chou En-Lai
Slick Thief Nabbed After Slipping on Grease
Francis Beck aged 35 hid under a car during a store break in Louisville. He slipped on greasy parts causing a fall that alerted police, who arrested him for storehouse breaking at the scene.
MENTIONED IN THIS ARTICLE
Beck
Soviet Ornithopter Claim Reported by Moscow Radio
Moscow radio quoted Tass claiming Soviet designers created ornithopters that fly by wing flaps. Reported machines allegedly hover and land anywhere with lifting power several times that of ordinary planes. Designers Pavel Smirnov and German Rybnikov are named for birdlike and insectlike wing shapes.
MENTIONED IN THIS ARTICLE
London
Moscow Radio
Tass
Pavel Smirnov
Rybnikov
Passenger Steamer Delta Queen Sails to Sale
The Delta Queen, last overnight passenger boat on the Ohio River, is put up for sale by Greene Line Steamers. Mrs. Letha G. Greene cites declining passenger interest and rising costs. Built in Scotland, the 30 year old vessel served in World War II and carried 70 crew and 198 passengers. It is famed for annual Mardi Gras trips in New Orleans.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio River
Letha G. Greene
Greene Line Steamers, Inc
Former Hero Blair Silent in Court Over Golf Funds Heist
Monterey California authorities work to piece together background on Melvin Russell Blair a decorated former Army lieutenant colonel accused of attempting to steal 40000 in receipts from the Bing Crosby Golf Tournament Blair 42 remained silent at a Municipal Court appearance where Judge Ray Baugh set January 27 for a preliminary hearing Deputy Sheriff Tom Martin guarding the funds arrested Blair early Monday Blair initially refused to identify himself and has been reticent about his recent activities.
MENTIONED IN THIS ARTICLE
Monterey
Calif
Melvin Russell Blair
Army
Blair
Ray Baugh
Tom Martin
Bandit Robs Bank as New President Installed
In Trenton Kentucky a bandit escaped with 3687 from Planters Bank as Pat Mc Cuiston, a 40 year old with no banking experience, was elected president earlier that day and planned to keep bank hours normal.
MENTIONED IN THIS ARTICLE
Bandit
Trenton
Pat McCuiston
The
Planters Bank of
McCuiston
Bender Won’t Seek Ohio Governor Nomination
Former Ohio senator George H. Bender announced he will not enter the Ohio gubernatorial race to maintain party harmony. He will remain as special assistant to Secretary of the Interior Seaton indefinitely and cited family opposition as the main factor.
MENTIONED IN THIS ARTICLE
Washington
Ohio
George H. Bender
Ohio Republican
Seaton
Bender
O’neill
Union Vote Contested As Phony In St Louis Contests
An insurgent Teamsters faction in St Louis nearly toppled Harold J. Gibbons in a council election. Rival claim seven of his 76 votes were phony and vow to pursue court challenges. Gibbons led 76 to 71 over Elmer Gene Walla for Teamsters Joint Council 13 president amid trusteeship since 1953.
MENTIONED IN THIS ARTICLE
ST. Louis
St. Louis Teamsters
Harold J. Gibbons
International Union
James R. Hoffa
Teamsters Joint Council 13
Gibbons
The
International
Elmer Gene Walla
87 Year Old Driver Declines License Renewal
In Little Falls New Jersey Fred Poulson an 87 year old salesman with 300000 accident free miles since 1910 refuses renewal of his driver's license He says in a letter to the Bureau of Motor Vehicles he would rather not spoil his record with all those crazy drivers on the road.
MENTIONED IN THIS ARTICLE
Little Falls
N.J
Fred Poulson
Bureau of Motor Vehicles
Top Secrets Move to Civilian Mover for Space Defense
The Air Research and Development Command transfers its highly classified space flight, ballistic, nuclear, and satellite data to a civilian transfer company. Security is heightened for the move from three Baltimore buildings to Andrews Air Force Base near Washington, with over 25 000 items from waste baskets to safes relocated.
MENTIONED IN THIS ARTICLE
Baltimore
Air Research and Development Command
Andrews Air Force Base
Washington
ARDC
Glass Blower Inflates Robbery Tale to Inflate Claim
Chicago police say Willie Lewis a 52 year old glass blower admitted he exaggerated a $500 robbery into a $21,000 claim to gain attention and publicity. He claimed he wanted to impress the girls and see his name in the papers.
MENTIONED IN THIS ARTICLE
Chicago
Willie Lewis
Army Man Appointed Administrative Assistant in Columbus
A retired Army colonel, William M. Clark, son of Army veteran, was appointed administrative assistant to Dr. Robert A. Haines, director of the Department of Mental Hygiene and Correction in Columbus.
MENTIONED IN THIS ARTICLE
Columbus
William M. Clarkson
Robert A. Haines
Department of Mental Hygiene and Correction
Edgehill Cafeteria Fire at Ohio University Disrupts Dining
A morning blaze destroyed the Edgehill Cafeteria at Ohio University with losses estimated at 125000, only 40000 insured. Over 1000 students faced meals off campus while Jefferson Hall and other campus cafeterias prepared to feed them, with Jefferson Hall expected ready by the second semester.
MENTIONED IN THIS ARTICLE
Edgehill
Ohio University
Jefferson Hall
Scott, Bryan
Shively
Lindley
Howard Hall
Ervin Mosier
Mosier
McKinley Ave
Charles Dalton
Athens
East Green
Messenger
Johnson Urges Ike to Lead Defense Restructure Plan
Senate Preparedness Chairman Johnson pressed President Eisenhower to assume full duty for reorganizing the Defense Department. Secretary McElroy will seek expert input from Gen. Twining and former chiefs Bradley and Radford, with civilian advisers to follow, as Johnson demands a concrete executive plan and Congressional route. Eisenhower cautioned against a long term, detailed organizational scheme and urged broad consensus with Congress and service leaders.
MENTIONED IN THIS ARTICLE
Washington
Lyndon B. Johnson
Texas
Eisenhower
Defense Department
Johnson
Senate Preparedness
Defense McElroy
ED Mi
McElroy
Nathan Twining
Joint Chiefs of Staff
Omar N. Bradley
Adm
Arthur Radford
Congress
Armed Services
Colored Prints Approved for U S Passport Photos
Frances G. Knight, director of the U S Passport Office in Washington, announced on Wednesday night that tourists may use colored prints for official passport pictures starting February 1 due to complaints that black and white photos look unattractive.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Frances G. Knight
U. S
Washington
Killer Appeals Death in Canada for Knife Slayings
Gerald Thomas Campbell a 23 year old Ohio native sentenced to hang February 11 for the murder of his wife Mary Ellen 21 will appear before a judge January 28 to arrange an appeal to the Supreme Court of Canada in Sault Ste Marie Ontario.
MENTIONED IN THIS ARTICLE
Sault Ste. Marie
Gerald Thomas Campbell
Ohio
Mary Ellen
Supreme Court of Canada
Norwegian Ship Seirstad Split in Mediterranean Storm
The Norwegian tanker Seirstad split in a western Mediterranean storm and sank. Captain Borge Rigge r and stewardesses Borgny Salvesen and Asta Antonsen are missing after attempting to reach the bow from the bridge. 35 crewmen were rescued by Rubicon and Bintag in rough seas.
MENTIONED IN THIS ARTICLE
Algiers
Erling Wennesland
Oslo
Wennesland
Rubicon
Bintag
Borge Rigger
Borgny Salvesen
Asta Antonsen
Taxi Strike Grips Resort in Nassau Bahamas
Transportation interests seek talks with the Bahamas Taxicab Union to end a general walkout that has paralyzed Nassau. Sixteen hotels closed with tourism down, air and cruise ship service halted, and three planeloads of armed British troops flown in from Jamaica to restore order. No violence reported. strike leaders urged calm.
MENTIONED IN THIS ARTICLE
Nassau
Bahamas
Bahamas Taxicab Union
Jamaica
Ohio Fair Managers to Present 1957 Best Fair Award
Columbus report says the Ohio Fair Managers Association will present the best fair award for 1957 at the annual banquet and election of officers.
MENTIONED IN THIS ARTICLE
Columbus
Ohio Fair Managers Association
Ohio and West Virginia Light Snow Flurries Weather
Cold and cloudy conditions with a chance of light snow flurries tonight and Friday. Ohio expects low of 23 to 25 degrees, while West Virginia forecasts light snow or snow flurries with little temperature change, lows in the 20s.
MENTIONED IN THIS ARTICLE
Ohio
West Virginia
1000th Moon Trip Reserved By Brown Professor
Prof. Charles H. Smiley of Brown University astronomy calls for 999 successful returns before his moon voyage. He confirms a reservation has been made for the 1000th trip to the Moon and states his cautious plan.
MENTIONED IN THIS ARTICLE
Providence
Charles H. Smiley
Brown University
First Step In Defense Speed-Up
The House sent to the Senate a unanimous 3470 vote authorizing 549.67 million dollars in new Air Force funds for bases and missile systems. Hearings will be held early next week as part of speeded defense plans reacting to Soviet missile progress. The money bill includes 10 million for the Advanced Research Projects Agency.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Stennis
D-Miss
Senate Armed Services
House Defense Appropriations
Air Force
Vanguard Engine Test Shows Promising Results at Cape
In Cape Canaveral, Martin Co and the Navy conducted a rain soaked static test of the Vanguard rocket’s main engine. Workers said the test “looked good” though the Defense Department issued a brief statement calling it a routine static test. The Vanguard will mount a 6.4 inch satellite in its nose for the flight test.
MENTIONED IN THIS ARTICLE
Cape Canaveral
Vanguard
Closed TV Suggested For Crowded Classes
Former State School Board member Frank Siedel proposes using state funds for a closed circuit TV network to ease Ohio overcrowded classrooms. He recommends reallocating money from new classroom construction to connect schools with real time instructional broadcasts.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Frank Siedel
Siedel
Rocky River
Hope Nearly Ejected From B47 Jet During Pacific Flight
Bob Hope recalled a near disaster aboard a B47 jet flying 600 miles per hour at 18 000 feet above the Pacific. He described mistaking the cockpit lever for an ejector seat and nearly triggering automatic ejection while en route to Guam with troops.
MENTIONED IN THIS ARTICLE
Hollywood
Bob Hope
Pacific
Yokota
Tokyo
Guam
Also Mentioned on This Page
Jerzy Nowinski
Mana
Christina
Nowinski
United States
Johns Hopkins University
Francis §. Beck
By Vic Sherow
Ike
Nelsonville
Middleport
Glouster
Chauncey Fe
Logan Ivabee
Gallipolis Eevee
Eowee
Taxi Strike Grips Resort
Albuquerque
Ste. Marie
Tampa
Traverse
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!