Burns Says Fed Studies Ways To Ease Mortgage Credit
Fed chairman Arthur F. Burns told the House Banking Committee the Federal Reserve is studying methods to ease housing credit under tight money policy without undermining restraint. He rejected Patman’s plan for large Fed funds injections and warned against broad inflation from absorbing extra credits. Burns urged using mortgages as loan security and liberalizing real estate lending by national banks.
MENTIONED IN THIS ARTICLE
Washington
Arthur F. Burns
Federal Reserve Board
Burns
House Banking Committee
Wright Patman
D-Tex
Federal Reserve
Federal Reserve Boards
Cies
Federal Nationall
Thej
Stand Federal Home Loan Bank
Leums
Pension Funds
Congress
Five Children Die in Fire in Tampa Home
AP reports five children burned to death when a frame house in Tampa was destroyed by flames early today. District Fire Chief Malcolm Gilbert said a faulty oil heater flue started the blaze. Anne Gillette, mother of four, saved a small child but was badly cut while trying to reach the other children.
MENTIONED IN THIS ARTICLE
Tampa
Fla
Malcolm Gilbert
Gilbert
Anne Gillette
U S Jobless Rate Climbs to 3.9 Percent in January
Washington AP reports the unemployment rate rose to 3.9 percent in January with 3.4 million jobless. The work week shortened, manufacturing overtime fell to a two-and-a-half year low, and teen and male unemployment led the monthly increase. Weekly earnings edged up while weekly pay declined due to fewer hours.
MENTIONED IN THIS ARTICLE
Washington
Uaion
Labor Department
Tereaase
Harris resigns as Democratic National Committee chairman
Sen. Harris, described as fed up, announces resignation as DNC chair effective March 5. He will hand over an $8 million debt and face fundraising gaps after a Miami Beach gala raised about $400,000. Harris cites need to speak freely on Vietnam and domestic issues and may stay until after the November elections.
MENTIONED IN THIS ARTICLE
Washington
Democratic National Committee
Fred R. Harris
Harris
Barris
Hubert H. Humphrey
Milami Beach
Statehouse
Oklahoma
Vietnam
United States
Psychologist To Address PTO At The Summit School
Nether Providence Summit School Parent Teacher Organization meets at 7 30 p m Tuesday on Plush Mill Road. Theron Male district psychologist will outline plans for the district and discuss issues in students psychological development.
MENTIONED IN THIS ARTICLE
Nether Providence
Summit
Plush Mill Road
Theron Male
New York Stocks Report from Media Pennsylvania
Brief stock note from New York markets captured in Media Pennsylvania noting closing activity on 295 East Baltimore Pike. Trading overview limited by fragmented OCR text and lacks readable tickers or figures for specific gains or losses.
MENTIONED IN THIS ARTICLE
East Baltimore Pike
Bonds Selected and Market Notes
A fragmented financial snippet notes bonds selected and market terms from 1970. Mentions include Con Edison and U S Steel with prices and percentages, alongside references to Sears and the Associated Press copyright.
MENTIONED IN THIS ARTICLE
Sears
Associated
Scout Banquet in Clifton Heights Honors Melmurk Home
Boy Scout Troop 111 of Trinity United Presbyterian Church plans its annual Blue and Gold Banquet on Saturday at the Fireside Open Hearth in Springfield. The troop will present an honor to the Melmurk Home for service.
MENTIONED IN THIS ARTICLE
Clifton Heights
Trinity
United Presbyterian Church
Baltimore Pike
Bishop Ave
Springfield
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Venture Securities Fund, Inc
T Curren
Dallett and Company
South Ave
Media, Pa
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