Reversal rumors swirl as Fed policy eyed by markets
AP reports money managers weigh tighter credit shifts while stock margins near 90 percent. Fed officials deny policy change though favor wait and see. As liquidity shifts, analysts note demand and savings drive money supply more than policy, with seasonal borrowing and March tax dates shaping bank lending and rates.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Federal Reserve Board
Federal Reserve
Fed
U.S
Another Moon Eclipse Sept 5
New York observers saw a total lunar eclipse described as a classic by Dr Joseph M Chamberlain of the American Museum Hayden Planetarium. The event began at 1 48 am with totality at 2 41 am and ended at 5 18 am as viewers across the Western Hemisphere witnessed a coppery moon in clear skies.
MENTIONED IN THIS ARTICLE
New York
New
Castro warns enemies as Cuba bets on tractors not arms
Fidel Castro told a Havana audience that Cuba's revolutionary army is strong and that arms spending should concern no one, arguing resources have gone to tractors and machinery. He addressed the midnights ceremony honoring students killed in an abortive Batista assassination plot, reacting to reports of Cuba's arms purchases and U. S. military exercises while denouncing economic threats and alleged raids.
MENTIONED IN THIS ARTICLE
Robert Berrellez
Havana
Fidel Castro
Cuba
University of Havana
Fulgencio Batista
Castro
New York Times
U.S
Puerto Rico
Democratic candidate detained briefly in Oklahoma incident
Photographers and John Taylor, a Democratic congressional candidate from Stillwater, Oklahoma, were detained but released in time to catch a plane to Florida. No further details were provided on the incident or authorities involved.
MENTIONED IN THIS ARTICLE
Tographer
John Taylor
U.S. Congress
Stillwater
Okla
Florida
Fast Acting Rep Gilbert Launches In Office
Rep Jacob H Gilbert arrived in Congress after a special election and immediately attacked economic aggression in a two page statement. He criticized changes to the sugar act, warned of hunger and loss of economic destiny to a foreign leader, and pledged a long struggle for revolution survival. Two American TV journalists and a companion clashed with Cuban authorities after attempting to photograph, including KOTV Tulsa news director Roger Sharpe and reporter Ralph Sanders.
MENTIONED IN THIS ARTICLE
Washington
Jacob H. Gilbert
D-Ny
Congress
United States
U.S
Roger Sharpe
KOTV
Tulsa
Okla
Ralph Sanders
Pho
Body Marvelous Comment Highlights Civil Rights Debate
Washington AP reports Senator Norris Cotton of New Hampshire frames civil rights debate as a test of the endurance of the human law, saying the human body is a marvelous mechanism and the endurance of the law is beyond belief.
Macmillan Returns From Talks With De Gaulle
Prime Minister Harold Macmillan returned to Britain after weekend sessions with French President Charles de Gaulle on disarmament and European questions. A British spokesman called the talks useful but details were not disclosed. De Gaulle's aide said the discussions served to frighten close traditional ties between the two nations.
MENTIONED IN THIS ARTICLE
London
Harold Macmillan
Charley
de ‘Gaulle
Agieria
de Gaulle
Glass Packer Wins Long Foot Race at Land's End
Jimmy Musgrave a 38 year old glass worker won the 91 mile race from John o Groats to Land's End in 1 day 14 hours 32 minutes finishing 90 minutes ahead of marathoner John Grundy. Muscle memory and a lucky diet of cigarettes and candy fueled the win as about 700 entrants competed. Finishing third and collecting 1400 dollars was a cheese lover nicknamed Welsh rabbit. The event was sponsored by Billy Butlin and attracted entrants across the UK with the Great Circle route noted for navigation.
MENTIONED IN THIS ARTICLE
Land's End
England
Jimmy Musgrave
Britain
John O' Groats
Death Penalty Set in Sabotage in Argentina
Argentina imposed the death penalty for sabotage after a wave of terror bombings. President Arturo Frondizi signed an emergency decree to punish acts against state order and peace. Recent attacks included a government gas works bombing in Mar del Plata destroying thousands of bottled gas tanks and a bombing at an army major's home killing his three year old daughter.
MENTIONED IN THIS ARTICLE
Buenos Aires
Arturo Frondizti
S Oe
Mar del Plata
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Business Mirror
Ghent
Ohio
Mac
Gazette
American Standard A
Smith Bryan
Hoffman Homart Norge Republic Rex Ruud
the Peoples Natural Gas Company
Buick
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