Margin hike aimed at cooling gambling mood in stock market
L.A.C. argues the Federal Reserve raised stock margin to 70 percent to curb gambling and inflation risk. The column notes uncertain immediate market impact, widespread full-cash purchases, and potential future controls while warning inflation endangers pensions and living costs. It stresses the need for sound economics to prevent dollar erosion and calls for cautious policy.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
L.alc
Scouting Fires Troop Leader Over Rugged Individualism
In New London Connecticut an ex infantry sergeant with 23 years in Boy Scouts says he has been expelled from Scouting for ideas emphasizing rugged individualism. William M. Smith, former Troop 27 Leader, is barred by regional and national organizations from Troop Leader duties and the troop charter renewal is stalled pending his replacement. He cites a clash with the local Scout Office over the troop’s outdoor program approach.
MENTIONED IN THIS ARTICLE
New London, Conn
Boy Scouts
William M. Smith
Smith
Belf
Smita
Jeader
Connecticut River
Mt. Washington
New Hampshire
New Jersey
Long Island Sound
Fisher's Island
Stevenson
Kremlin
Veosnonse
Soruschev
Khrushchev
Yuri Zhukov
State Committee For Culturalipies
John
Borden
Earler
V. Kuzenetsov
Adlai and Khrushchev hold long Moscow summit talks
Adlai Stevenson and Nikita Khrushchev spent over two hours in intense discussions in Moscow about the Soviet U.S. summit and a possible agreement. Stevenson, planning a Warsaw visit, said many difficulties remain and declined to forecast a formal statement.
MENTIONED IN THIS ARTICLE
Moscow
Adlai Stevensson
Khruschev
Democratic Party
Khrushchev
Eisenhower
Stevenson
Warsaw
Widow Surrenders After Freeway Stand in Los Angeles
Lonnie Pluckett, an embattled Los Angeles widow who blocked the I Golden State Freeway at Glendon Street, surrendered her 30 30 Winchester to deputies and left after an eviction writ. Her stand began over claims the state must pay $1 8 0 0 0 for the property instead of the valued $8 061, and she vowed to pursue the price issue in court.
MENTIONED IN THIS ARTICLE
Los Angeles
CN5
Sheriff's Deputies
I Golden State
Glendon St Mys
Lonnie Pluckett
State Highway Department
Rs. Pluckett
T'vel
Long Beach Weather Forecast and Coastal Summary
Long Beach and vicinity expect low clouds at night with mostly sunny afternoons today and Thursday. Highs near today and 73 along Santa Monica to Newport Beach with water around 67. Mountain areas see scattered afternoon showers and highs 78 to 84. interior and desert regions reach 100 to 113 with possible late day thunder. Coastal winds remain light then west to southwest this afternoon. Tide times show highs at 1:49 am and 2:42 pm, lows at 7:45 am and 10:06 pm. Water temperature at Long Beach about 67.
MENTIONED IN THIS ARTICLE
Long Beach
Southwand
Santa Monica
Newport Beach
Tower
California
Fleet Change in Pacific Fleet Command in San Diego
Rear Adm. William R. Smedberg III to relieve Rear Adm. Frank W. Kern aboard USS Dixie as commander of the cruiser destroyer force of the Pacific Fleet in San Diego Bay. Smedberg, former superintendent of the U S Naval Academy, will assume duties. Fenno will take command at Guantanamo Bay Cuba.
MENTIONED IN THIS ARTICLE
San Diego
Pacific
Navy
William R. Smedjberg III
Frank W. Kerno
Dixie
San Diego Bay
Smedberg
U. 5. Naval
Fenno
U. 5. Naval Base
Guantanamo Bay
Cuba
Steel Trust Charge Eyed in Antitrust Probe
The Justice Department may prosecute the steel industry on antitrust charges if evidence shows a conspiracy to raise prices. Assistant Attorney General Victor R. Hansen told the Senate antitrust subcommittee on Tuesday as an inquiry into recent steel price increases opened. Senators Kefauver and Wiley urged action, with calls for potential price controls amid public alarm.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Victor R. Hansen
Antitrust
Senate Antitrust and Monopzg
Oly Subcommittee
Sen. Estes
Smith denies charges citing Boy Scout training and WWII service
Smith, facing allegations, says the injury claim is false and credits his survival to Boy Scout training. He emphasizes his World War II service with the 84th Infantry Division as critical and urges that the boys should not have to endure similar danger.
MENTIONED IN THIS ARTICLE
Smith
Prisoner Walks Out of Jail Cell and Seeks Return of Wallet
William B. McReynolds, jailed for public drunkenness in Kingsport, requests in a letter from Artrip Virginia that police return his $27.22 wallet taken on July 29. City Attorney Parsons says a warrant will be issued instead of returning the wallet.
MENTIONED IN THIS ARTICLE
Kingsport
Tenn
UPI
William B. McReynolds
Artrip
Marvin Parsons
Hiroshima Mayor Calls Bomb Crime Against Humanity
Hiroshima Mayor Tadao Watanabe labeled the 1945 atomic bombing of the city a crime against humanity and urged that any use of nuclear weapons by any nation be viewed as a crime. Prayers, sirens, and bells marked the 14th anniversary of the bombing at 8:15 a.m. on Aug. 6, 1945.
MENTIONED IN THIS ARTICLE
Hiroshima
Japan
Tadao Watanabe
U.S
Watanabe
Also Mentioned on This Page
L.A.C
La.c
J. A. Collins
Pers
O. I.on
Scouting
Nikita Khrushchev
Adlai Stevenson
Adlai
Nikita
Stephen
Suny
Sunset
Moonti
Turday
le i. Tongees
Palmdale
Nee
L.B
Palm Springs
Pasadena
Ss.s Be
Bakersfield
Riverside
Amont
Sacramento
Bishop
San Bernardino
Buffalo
Okla
Omaha
Chicago
Portland
Ore
Calif
Superior
Detroit
Court
Los Angéles County
Oct
Ft. Worths
St. Lovig
Helena
Salt Lake
Kansas City
Seattle
Wibs
Steel Trust Charge
Kefauver
D-Tenn
Alexander Wiley
Rwis
Cell
Pierpoint Landing
Ocean and
de Soto
Waeerear
Four Roses Society
FRS
Fuk
Ucrr
Wey
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