Goal to Keep Short Term Funds Home
The article explains how top money managers want to keep short term funds at home by raising short term borrowing costs without increasing long term loan rates. Treasury and Federal Reserve actions could reduce the U.S. balance of payments deficit, while New York bankers discuss raising the discount rate to make short term borrowing more expensive.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Wea
U.S. 'Treasury
Federal Reserve
Joana
Washington
Treasury
Douglas Dillon
Federal Reserve Bank of New York
United States
Supersonic Liner Is Goal for U.S. Airliner
Washington AP report on Dr Edward Welsh of the Aeronautics and Space Council stating the United States aims to design the best supersonic airliner, not tied to a specific speed. He noted Britain and France progress to 2.9 times speed and discussed competition among American firms for the contract. Senator Gordon Allott criticized late administration interest and warned overseas advances could outpace U.S. plans for a 1968 1969 completion.
MENTIONED IN THIS ARTICLE
Washington
Edward (. Welsh
The
Aeronautics and Space Council
U. S
Senlate Appropriations Subcommittee
Welsh
Seg
Gordon Allott
R-Corp
Steady Decline in Cuba Economy Noted in Washington
In Washington the United States released data showing a mounting squeeze on Cuba, with Western shipping to Cuba dropping from 128 arrivals in January 1962 to 12 last January. Cuba’s gross national product fell 23 percent in 1962 from $2.5 billion in 1958. embargo and asset freezes followed. Political briefs note cigarette ad limits and press treatment in Vietnam, plus Gulbenkian foundation funding for 45 libraries and 47 mobile libraries in Portugal.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Castro
United States
Cuba
U.S
Transit strike delayed in Kansas City negotiations
Pickets and night-shift workers halted duties as 800 drivers and maintenance staff agreed to a 24 hour delay in the Kansas City Transit dispute. Mayor Thus W Davis aided the pause, seeking board approval for a wage retroactivity issue still unsettled after hours of talks.
MENTIONED IN THIS ARTICLE
Kansas City
Maintenace
Kansas City Transit Inc
W. Davis
Loren Hargus
Amalgamated Association of Street Electric Railway and
Motor Coach Employes of America
Missouri
U.S. Supreme Court
Harry O'Connell
Hargus
O’connell
Allied Troops Invade Sicily On This Day In History
On this 10 July 1963 date note the 1943 Allied invasion of Sicily. Roosevelt and Churchill urged Italians to choose Italy and civilization over Mussolini and Hitler, marking a pivotal World War II moment. Historical milestones include Jane Grey’s brief 1553 claim to England’s throne and other notable events through the years.
MENTIONED IN THIS ARTICLE
Associated Press
Sicily
Franklin D. Roosevelt
Winston Churchill
Mussolini
Hitler
Italy
Jane Grey
England
Count Jean Baptiste de Rochambeau
Newport
R.L
Kennedy withdraws Derby postmaster nomination in Dresden
President Kennedy pulled Harold H. Derby’s nomination to be postmaster at Dresden Kansas. The nomination had been sent to the Senate on June 10 and no reason for the withdrawal was given by the White House.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Harold H. Derby
Dresden
Kaw
Senate
White House
Bills Given Top Priority in Kennedy Briefing
Democratic leaders said both tax and civil rights bills are uppermost priority. House Speaker McCormack refused to name a single top item, saying tax and civil rights each deserve priority. Senate Leader Mansfield announced hearings on the civil rights bill will start in a week.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
House
John W. McCormack
Massachusetts
McCormack
Mike Mansfield
Montana
Senate
Senate Judiciary Committee
U.S. Signs Attack Management Pact With States
The federal government completed signing agreements with all 50 states Puerto Rico the Virgin Islands and the District of Columbia covering food management in case of enemy attack. The accords aim to ensure orderly food distribution and supply augmentation if needed with signatures by Agriculture Secretary Orville Freeman and Walter Tobriner of the DC Board.
MENTIONED IN THIS ARTICLE
Washington
Puerto Rico
Virgin Islands
District of Columbia
Orville L. Freeman
Walter N. Tobriner
District of Columbia Board of Commissioners
Rotary Print Press National Prize Draw A Cappy Dick Contest
A nationwide drawing contest offers boys and girls a chance to win a Superior Giant Size All Metal Rotary Printing Press with full outfit. Ten local Garden City area prizes provide tiny tool sets. five national prizes go to the five neatest entries. Submit a face on the big flower, add name age and address, mail to Cappy Dick's Midweek Contest at the Garden City Telegram by the deadline.
MENTIONED IN THIS ARTICLE
Cappy Dick
Garden City
Garden City Telegram
Mother Told to Bring Teddy Bear to Hospital
Betty Jo Patterson of Media is set to enter Lankenau hospital in Philadelphia for a tonsillectomy this weekend. The hospital advised bringing a pair of pajamas a toothbrush a comic or comic books and a teddy bear to help pass the time and ease the stay.
MENTIONED IN THIS ARTICLE
Media, Pa
Betty Jo Patterson
Media
Lankenau Hospital
Philadelphia
Also Mentioned on This Page
Albert Burns
ALLEN
George V. Allen
Tobacco Institute
Aften
South Viet Nam
Mansfield
Calouste Gulbenkian
Portugal
Bedrock
Hatlo
J. Foner
By Jimmy Hatlo
Bosco
James
Beody
Plymouth
Ford
Chevrolet
Plymouth-Valent Ceaters
Sgzian Safects
Corp Haa
Walters Motor Company
Garden City, Kansas
New Orleans
North America
Alaska
Mount McKinley
Russia
Laurenti Beria
Soviet Union
Canada
Telstar
Derby
IB Bc Loans
West Chestnut
Gardes City
Ier
AIR Control CO
Young Hobby Club
Rotary Print Press
Wieners
Ark Valley
Usda Good
del Monte
Food King
Kitty Kat
Star Kitt Green
Utah
Bing
Arkansas
Birdseye
Ony DC
Jones
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