Britain Cuts Rate to Aid Pound Value Rally
London reports Britain's official bank rate reduced from 6 to 5.5 percent and notes progress in strengthening the pound as the currency battle continues.
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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
May 23, 1958
Page
8
London reports Britain's official bank rate reduced from 6 to 5.5 percent and notes progress in strengthening the pound as the currency battle continues.
The seventy seventh annual Connecticut Branch meeting of the Woman's Auxiliary convenes at Trinity church New Haven with morning prayers at 10. Redding auxiliary members attend bringing box lunches. Dor is K Wright of Rock Point School Burlington Vermont and Rev Robert Curry Lenox School Lenox Mass speak.
Atlantic City New Jersey May 1 AP bankers were urged to ban sack dresses for female staff at the New Jersey Bankers association meeting. Dr Millard C Faught warned such attire could hide deposits or even a wheelbarrow, joking that sacks seem made for concealing items.
Senate Finance committee approved a House bill to extend unemployment compensation by 50 percent, with states drawing federal funds to extend benefits. The measure, supported by the Eisenhower administration, would require state repayment via higher payroll taxes and allow up to 16 extra weeks for insured workers. Critics and Sen Kennedy questioned its usefulness.
A 4 by 8 inch ice fragment fell from the sky near Meyersville New Jersey striking no one but missing horseman John Sterling by about two feet. Passaic Township Sgt. Paul Kielbach retrieved the ice and froze it for a Civil Aeronautics Administration investigator noting a jet vapor trail preceding the fall.
Mrs. Mamie Eisenhower announced she and the President will travel to Gettysburg for the weekend. She will stay until next Wednesday while the President returns earlier, marking the first long visit to the Gettysburg farm since January.
Workmen uncover a Colonial era ship about two feet underground during foundation work for a new building in Manhattan. Brooklyn historian James A. Kelly dated the vessel to between 1760 and 1766, noting it sank before landfills extended the shoreline into Upper New York Bay.
Herbert Brucker editor of The Hartford Courant addressed The Campus staff annual dinner urging newspapers to adopt new techniques to stay current. He compared reporters to watchmen and emphasized constant vigilance and alertness as essential qualities for a news paperman.
Brides and grooms in Elizabeth must apply for marriage licenses at city hall to receive a congratulatory card from the Police Department. The card will also warn against horn blowing during wedding processions.
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