Treasury weighs how to borrow as cash balance nears crisis
Washington report notes the Treasury faces a cash balance just under three billion dollars. Revenue is down amid recession while spending rises. Officials consider issuing long term bonds or short term securities, with market absorption and interest costs shaping the plan. The aim is to avoid boosting rates too sharply and to support the government bond market.
MENTIONED IN THIS ARTICLE
Frank Cormier
Washington
Sam
Treasury
Barre
Seurassan
Wny
Robert B
Anderson
World Around Mr K Asks Vast School Reform
The Presidium of the Central Committee approved Premier Khrushchev's plan to cut the 10 year primary and secondary course to seven or eight years and place most youths to work after completion. Most will continue studies at night in secondary courses, with exceptions for the exceptionally gifted. Dr Linus Pauling announced Britain invited him back to London for a nuclear disarmament meeting after the UK eased restrictions on his stays.
MENTIONED IN THIS ARTICLE
Moscow
Nikita Khrus
Presidium
Central Committee
Khrushchev
Vienna
Linus Pauling
California
Britain
London
Dt Pauling
Quemoy Crisis Rumors Split Japanese Ruling Party
Asahi and Mainichi report that Japanese Foreign Minister Fuji yama and Britain’s Selwyn Lloyd agreed Quemoy and Matsu should join the Communists. The alleged flareup risks deepening factional divides in the Liberal Democratic Party over China policy. Other brief items note Hong Kong off limits claims denied by U.S. consulate, and world briefs from Linz to New Delhi.
MENTIONED IN THIS ARTICLE
Tokyo
Asahi
Mainichi
Aiichiro Fujiyama
Japan
Selwyn Lloyd
Britain
Quemoy
Matsu
Liberal-Democratic Party
Hong Kong
U. S
U.S
Formosa Strait
U.S. Navy
Taipei
United States
World News
Linz
Austria
Olga
Hannover
Greece
Tehran
Shah
Abdullah Hedayat
New Delhi
India
Nehru
Bhutan
Belo Horizonte
Brazil
Caratinga
Two Gunmen Robbed Lafayette Hotel Early Sunday
Police reported two armed men robbed the Lafayette Hotel lobby of $250 from a 21-year-old night clerk early Sunday morning. Rudolph Kreybig of 841 Oliver Avenue said he heard the incident from an adjacent room as the thieves forced their way into the deserted lobby and demanded all the cash they could find.
MENTIONED IN THIS ARTICLE
Lafayette Hotel
Rudolph Kreybig
Oliver
Ave
Crash Kills Woman In Rio Linda On U S 40
Davis police report Emma Susan Cobia of Rio Linda, 59, died when her car veered off U S 40 and struck a utility pole. Two armed men, about 28, wearing suits, forced a clerk to surrender cash after threatening gestures with a handgun and a revolver. The switchboard operator Eva May provided details at 623 E 6th Street.
MENTIONED IN THIS ARTICLE
Davis Pi
Emma Susan Cobia
Rio Linda
U. S. 40
Here
Kreybig
Eva M. May
EB. 6Th St
DC7 Lands Safely After Engine Fire in Flight
A United Airlines DC7 returning to Washington National Airport due to engine fire made an emergency landing. The flight UAS 705 carried 58 passengers and crew with no injuries reported after takeoff toward San Francisco. The blaze started about thirty minutes after departure.
MENTIONED IN THIS ARTICLE
Washington
Washington National Airort
United Air Lines
UAS Flight 705
San Francisco
University freshmen in Texas? Albuquerque borrowers argue
First they must decide how much new cash to borrow to avoid another quick money market trip. UPI reports two UNM freshmen injured climbing Sandia Mountain near Albuquerque. The Treasury seeks modest borrowing to curb inflation and avoid frequent Fed disruption. Sid Pascua of New York City and Bill Pinch of Rochester named.
MENTIONED IN THIS ARTICLE
Albuquerque
N. M
UPI
University of New Cause
Mexico
Federal Reserve
Sid Board
Ney Pascua
New York
Cit
Bill Pinch
Rochester
Also Mentioned on This Page
Mr. K
Vast
Pauling
Shchev
Prince
Ballater
Scotland
Prince Charles
Prince of Wales
Balmoral Castle
Scottish Highlands
Charles
Krevbig
Pam
Long Beach ‘Hearing Institute
Bohn
Burton Chaa
Pine
Kress
LE Lido DE Paris
Bluebell
Jacqueline DuBief
Mammoth
Wnerclean
Marine Glass Co. Scott
Woodard-Scott SR
Magnolia
Long Beach Builders’ Exchange
For All
Westinghouse
Laundromats
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