Margin Up On Stock Buying To 70 Percent
The Federal Reserve Board raised margin requirements from 60 to 70 percent, effective today, to curb credit use in rising stocks. Traders expect a dip when markets reopen Monday, with some seeing a later rebound. Record margin debt was reported, signaling high credit levels in stock purchases. A NYSE official pledged strict observance of the rule, while noting concern for broad ownership. A violent wind later ripped the Ritz Garage roof near Uniontown, Pennsylvania.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Federal Reserve Board
Stock Exchange
Wall Street
Keith Funston
New York Stock Exchange
Exchange
Reserve Board
Federal Reserve
New York
Chicago
Uniontown
Route 40
Fayette County
News Happenings On Ravelin Hill
RAVELIN HILL 4H Club leaders drove to Lowville for a Chautauqua County forestry meeting. They visited relatives along the way and returned Thursday. A tree planting demonstration occurred at the Jamestown school forest with a Cornell assistant forester presenting. Several youths will receive seedling trees to plant. The week included family visits, hospital stories, moves, and a reported $5000 barage loss with wind damage.
MENTIONED IN THIS ARTICLE
Ravelin III
David Pierson
Ravelin Hill Workers 4H Club
Lowville
Chautauqua County
Pierson
Walter Przondhak
Newsom
Niagara Palls
Paul Palmer
Stanley
Phylis
Judy
Jamestown School Forest
Sprague Hill Road
Falconer
Grandpa Cuttingham
Cornell University
Tommy Smith
Robert Paddock
Gerald LaCross
Stanley Pierson
Ravelin Hill
Clayton Redding
Violet Schutt
Alton Burdick
Henry Ruslink
Ray Smith
Mina Road
Fred Ottaway
Sherman-Pindley Lake
Amos White
Rotlo
Neckers
Elwood Berry
Marianette
Sweet
Jamestown
Gerald Sweet
Dennis
Ed Feeley
Cherry Tree
Mis
Garrett VanErden
Charles 'Palmer
Cor~ry
Robert Hulett
Corry Memorial Hospital
Wilma Adams
Grand Jury to Hear 137 Cases in Erie May Term
Erie district attorney announces 132 defendants will face the May grand jury, possibly a record for a single session. Two major manslaughter cases include hit run deaths of Joey Makowski and Roma Hartley. Also listed are liquor violations from recent State Liquor Control Board raids and multiple nonviolent offenses.
MENTIONED IN THIS ARTICLE
ERIE
District Attorney's
Lst
State Liquor Control Board
John Mackane
Warren
Joey Makowski
Ronald Gorynski
Roma Hartley
Siebenbuergen Clb
J A Lquor
Andrew Theil
Sidney Friedman
Cleveland
June Hill
Kalamue Weber
Buffalo
Attempted settlement in rail and phone strikes described
The union representing 9 000 of 16 000 idle workers at three plants vows no more violence while seeking an agreement. A separate federal mediation in Lewiston, Maine aimed to settle 6 000 Bates Manufacturing Co workers on strike. Other strikes include 2 400 textile workers at Huntayule Mig Co and Lincoln Mills of Alabama, with WREES noted as a central issue.
MENTIONED IN THIS ARTICLE
Page Nv
Mediatox
U.S
New England
Lewiston
Maine
Bates Mfg. Co
Wrees
Huntayulé
Ala) Mig. Co
Lincoln Mills
Alabama
Babson Discusses Costs of Schools
Babson argues for standard movable unit plans funded by the U S Office of Education and state agencies to cut construction costs and avoid monuments to progress. He presses improving teacher pay, efficiency, and longer school years to boost outcomes and value for taxpayers.
MENTIONED IN THIS ARTICLE
Babson
U. S. Office of Education
State Departments of Education
College program promises faster degree paths
A proposal suggests raising funds to support an accelerated three year college track at Bub sons Institute within the College of Business Administration. If adopted, students would complete four years of work in three and then achieve strong post graduation outcomes benefiting children, teachers, and taxpayers.
MENTIONED IN THIS ARTICLE
Muchie
Ulul
Bubsons Institute
College of Business Administration
Texpayers
Also Mentioned on This Page
Grand Jury
Allenew
Covd
Spring Street
Litz Key & Sewing Machine
Al's Clothes Shop
S&h
Keystone VanCise’s
Anne
Diemer’s Cafeteria
West Main Street
Corry’s
Smart Women’s Shop
Dodd
Carry Evening Journal
Printing Department Journal Building
West South ST
Corry, Pa
Mananus
Hotel Tes
Danny Fayesarin
Pictares’ Fa Cok Hy Techs
van Heusen
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