Bank of America President Sees Signs of New Prosperity
SAN FRANCISCO The head of Bank of America, Clark Beise, told United Press that fragmentary data suggest a turning point in the U S recession. He warned the next 30 days will determine policy and urged targeted stimulus such as corporate tax cuts and GI housing programs to spur construction and consumer spending. He cautioned against broad tax cuts and noted only a slight drop in loan demand while commercial and industrial lending fell marginally versus last year.
MENTIONED IN THIS ARTICLE
Au San Francisco
Iica
Clark Beise
Bank of America
The
United Press
Beise
Eisenhower
Sion
Division Leaves N Korea In Unclear Report
Dispatch from Tokyo via UP says a new North Korea division departed Pyongyang’s entertainment district on Tuesday morning. Radio Peiping reports several trains carried drunken, intoxicated crew members to Antung by Monday night, while Chinese authorities allegedly logged the events and some recordings of the drunken outbursts.
MENTIONED IN THIS ARTICLE
Tokyo
China
Dorcesimet
Asakusagn
North Korea
Fyongyang
Radio
Peiping
Antung
Bankers cheer reserve funds cut in major Fed move
New York bankers hailed a Federal Reserve cut of about 490 million dollars in reserve requirements, signaling a big boost to credit and liquidity. Banks expect gains in municipal funding, more mortgage activity, and a spillover into stocks as new money flows into longer term munis and government bonds.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve System
Federal Reserve
Congress asks Air Force to halt armed training near towns
Rep. William K. Van Pelt urged Secretary James H. Douglas to stop armed flight training near urban areas after a bomber from Lockbourne Air Force Base allegedly fired shells that hit three homes and streets near Sheboygan Falls and Oostburg. No injuries were reported, but investigations continue into a possible cannon malfunction.
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Sheboygan
Wis
Air Force
William K. van Pelt
R- Wis
Air Parce
James H. Douglas
Sheboygan Flls
Oostburg
Florence
D.C
Locksbourne Air Force Base
Pope Attacks Mudslingers in St Peter's Square
Pope Pius XII denounced mudslingers as the church is said to be martyred while promising better days ahead. Speaking to about 100,000 young Catholics in St. Peter's Square, he said the church faces a furious assault and unjust insinuations amid Italy's anti clerical campaign and a bishop’s slander conviction.
MENTIONED IN THIS ARTICLE
Vatican City
Pius XII
St. Peter's Square
Italy
Rainbow Day blotter notes racial terms in Houston police log
Houston police blotter included an odd entry listing color terms such as Brown White Black and Green in a way described as color coding. The item appears as a brief curiosities note in Texas city police records with no clear event or names attached.
MENTIONED IN THIS ARTICLE
Houston
Tex
INS
124 Pound Wife Found Unround Divorce Shocks Los Angeles
In Los Angeles Henry Richmond, a 37 year old proofreader, is divorced from his 124 pound wife Terry, 28, after she testified he left her for a heavier woman. Superior Judge Alton Pfaff granted custody of their three children and ordered Richmond to pay 60 dollars weekly in support.
MENTIONED IN THIS ARTICLE
Los Angeles
Henry Richmond
Richmond
Terry
Pfaff
Dock Strike On Sugar Warned By Longshore Leader
SAN PRANCISCO Long shore leader Harry Bridges warns his men may halt work to block handling of foreign sugar at the CH Sugar Refining plant in Crockett California. A 15,000 Hawaiian sugar workers strike closed the plant February 20 cutting raw sugar supply. ILWU members include about 300 of 1,500 Crockett workers. Bridges says if Crockett workers refuse sugar handling the contract may be irrelevant and references possible NLR intervention. Crockett ILWU unit plans a meeting to decide on actions regarding sugar from Cuba and the Philippines, with about 10,000 tons expected this week and another 14,000 tons due April 1.
MENTIONED IN THIS ARTICLE
ILWU
Hawaii
Crockett
Bridges
Lis
Cuba
Philippines
New Argentina Chief Sets Visits Before Inauguration
The Foreign Office said President elect Arturo Frondizi will visit Brazil Chile and Uruguay before his inauguration on May 1.
MENTIONED IN THIS ARTICLE
Argentina
Buenos Aires
Foreign Office
Arturo Frondizi
Brazil
Chile
Uruguay
Burial Insurance Opens To Ages Up To Eighty
Eligible individuals up to 80 may register for burial insurance costing only a few cents daily. The plan pays funeral costs regardless of payments made, as in a recent case where a funeral was covered after just 4.58. Issued by a legally reserved insurer, valid at any funeral director in the United States or Canada. For details write Burial Law Grant Miller Mortuaries 2372 East 14th St Oakland.
MENTIONED IN THIS ARTICLE
Legal Reserve
United States
Canada
Grant Miller -Mortuaries
East 14Th St
Oakland
Assembly Tackles Water and Education in Budget Debate
In Sacramento the assembly debated water projects and education funding amid clashes over textbook modernization and teacher pay. A proposed state employee pay raise was defeated after multiple votes while the UC and state college teacher salaries received a 25 percent boost backed by the lower house.
MENTIONED IN THIS ARTICLE
Sacramento
Defenders Assembly
Educat
Goodwin J
Knight
S. C. Masterson
D-Richmond
McGuffey
Ton. Masterson
University of California
Army to Spotlight Presley at Fort Chaffee
Elvis Presley will be covered comprehensively as he arrives for induction at Fort Chaffee Arkansas. The press center will host reporters and crews while the Army documents every step from blood tests to haircut including induction rituals. Presley has already cut his hair and will not have a public lock saved, despite fan interest.
MENTIONED IN THIS ARTICLE
Fort Chaffee
Ark
Army
Elvis Presley
Presley
Public Information Office
Elvis
Memphis
Avie Metheny
Igiris
Metheny
San Marino elects captains regent for six months
The Council of San Marino elected new captains regent to govern for a six month term starting April 1. The anti Communist majority named Christian Democratic Party Secretary Zaccaria Giovanni Savoretti and Independent Socialist Stelio Mari Groni as top executives. Communists and left wing Socialists cast blank ballots in protest.
MENTIONED IN THIS ARTICLE
Republic OF San Marino
San Marino
Chris
Democratic Party
Zaccaria Giovanni Savoretti
Stelio Mari Groni
Apennine Republic
Military 'Helpless' In Child Slaying
Kadena Air Base Okinawa U S Air Force says it lacks jurisdiction over Mrs Madlyn Hitt who has admitted smothering her six week old son The case was referred to the High Commissioner for action Terrence P D Hitt a 28 year old Plymouth Michigan civilian employee touched off an island wide search when he reported infant Brady Dean Hitt kidnapped from their car near the housing development at the base
MENTIONED IN THIS ARTICLE
Kadena Air Force Base
Okinawa
U.S. Air Force
Madlyn Hitt
Air Force
Brady Dean Hitt
Bis
Okinawa Election Results Appraised
TOKYO IN S A top Japanese government official said victory by pro American elements in Sundays Ryulyu island election shows Okinawans are gradually regaining their composure. Cabinet Secretary Kitchi said he was happy to see Okinawa's citizens making endeavors for promotion and shale walfans.
MENTIONED IN THIS ARTICLE
Tokyo
INS
Ryulyu Islands
Gina to Collect On Vermouth Act
Turin court of appeals orders vermouth firm to pay damages for using a picture of Gina Lollobrigida for publicity without permission. The image, shown in two magazines, depicted pro communist symbols and led to a legal reversal by the city’s judiciary.
MENTIONED IN THIS ARTICLE
Turin
Italy
Court of Appeals
al Te Yeas Eee Es Vermouth
Gina
Pithiwa
Writer Tells Of Murder On Airwaves
Washington Reuters says mystery writer Rex Stout told a Senate subcommittee that broad casters are killing music and threaten creativity by censorship and control. He argued BMI licensing favors broadcasters and warned of misuse of broadcasting power. Eddie Dowling echoed concerns about network interlocking contracts shaping public listening choices.
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Washington
Rex Stout
Nere Wolfe
Congress
Stout
Authors League of America
Senate Commerce
Broadcast Music Inc
Stout J
Muic
Feret
Fie
Eddie Dowling
Morse Warns Future Politicos To Stand By Beliefs
Cambridge report on Harvard Crimson piece presents Morse urging aspiring politicians to fuse resolve with empathy and avoid bending to voter opinion. He warns public sentiment often misleads and stresses ethical standards and values in office.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
Len Wayne Morse
D-Ore
Morse
Mouse
The
Harvard Crimson
Supreme Court
Felix Frankfurter
Fritz Kreisler
Charles W. Mayo
Mayo Clinic
Rochester
Minn
University of Pennsylvania Medical School
British rocket test crash near Aberporth described
British report from London states a March 6 rocket failure at Aberporth testing grounds caused a crater but no damage or casualties. Spokesman offered few details, noting the 40 foot guided missile narrowly missed a storehouse with other missiles.
MENTIONED IN THIS ARTICLE
London Ins
Britain
Donirmed
Aberporth
Ministry of Supply
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Bofa
N. Korea
Sean J. Colapietro
Malibu
Leonard Denison
United Press Telephoto
Donald W. Saunders
Strategic Air Command
Westover
Lake Michigan
Saunders
Pope
Christopher
George Christopher
San
Win J. Knight
Chastopher
Sunator
Nisrate
California
San Jose
Wilbert
Secret Agent X-6 Specking
American Trust Company
Northern
Nate Tanty
Federal
Depont Inp
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