Treasury struggles to sell securities amid tight money policy
Treasury faces difficulty selling government securities as demand favors cash over long term notes. With 75 billion dollars maturing within 12 months, the department may need to issue higher interest rates to attract buyers while Congress and the administration debate the 1950s budget. The Federal Reserve policy pressurizes yields, and holders of old 15 percent securities resist replacing them, potentially widening financing challenges for maturing debt.
MENTIONED IN THIS ARTICLE
Sam Dawson
NEW YORK /4
Ident
Congress
Treasury
Adment
Uncle Sam
Federal
Reserve Board
Elsen
Hower
Wade Sam
Wakes Plenty Of Money Farming
The Agriculture Department notes certificates and cash advances to holders as rates rise. The Treasury now has funds and expects to invest in farming projects. Corporations and workers slated for income tax installments in 1988 face new payment timing and cash flow considerations.
MENTIONED IN THIS ARTICLE
Treasury
Agriculture Department
Man may live 125 to 180 years says Dr Bortz
Chicago Dr Edward K Bortz former president of the American Medical Assn says future man may attain lifespans of 125 to 180 years He calls on medicine to promote health potentials and overcome aging barriers as science advances.
MENTIONED IN THIS ARTICLE
Chicago
Edward K.bortz
The
American Medical Assny
Bortz
Lankenau Hospital
Philadelphia
Research group urges balanced budget with tax cut target
The Committee for Economic Development a 150 member group of business and university leaders urges President Eisenhower to set 1959 budget goals that balance the budget with lower taxes. It notes the administration is drafting the fiscal 1958 budget and Congress is examining Eisenhower’s plan while urging citizens to forego expenditures less valuable than tax relief. The group calls for national re thinking and education on the tax issue and warns of the need to adjust spending priorities.
MENTIONED IN THIS ARTICLE
Washington i
Eisenhower
Committee For Economic Development
Congress
Elsa Lanier to star in Witness For The Prosecution role
Hollywood gossip notes Elsa Lanier will play Charles Laughton’s nurse with Tyrone Power and Marlene Dietrich in Witness For The Prosecution. Arthur Hornblow Jr and Billy Wilder crafted the part. Joe Emery tests to land Barrymore project, with Mirton aiming Irving Rapper for Morningstar. Natalie Wood, Marilyn Erskine, and others appear in snapshots from the scene.
MENTIONED IN THIS ARTICLE
Hollywood
Elsa Lan
Charles Laughton
Arthur Horn J
Elsa
Charles
Oun
Jand
Tyrone
Power
Marlene Dietrich
Marjorie Morningstar
Irving
Mil
Mm Sperling
Diana Barrymore
Milton
Anne Banter
Jack Warner
Barrymore
Mick
Joe Emery
John Barrymore
Natalie
Morningstar
Roberts Linn
Artie Steinitz
Marilyn Erskine
MGM
Water ban in Big Stone Gap as pressure dips
Town faced reduced water pressure Monday afternoon prompting a ban on car washing and outdoor uses. City manager W B Coleman said no shortage, but flow from lake to main limited demand. Restrictions lifted for garages as pressure returned. future outside use schedule to be set. A new storage tank planned to ease the issue.
MENTIONED IN THIS ARTICLE
Virginia Boreas Big Stone Gap
W. B. Coleman
Coleman
United States stands by Nevada atomic test series
The United States refused to cancel the Nevada atomic test sequence titled Operation Plumbbob and plans lower yield devices. The State Department rejected Japan’s call to halt tests, while the Atomic Energy Commission said fallout would be kept near zero and public exposure minimized. The tests are scheduled May 15 to September.
MENTIONED IN THIS ARTICLE
Washington
United States
Nevada
State Department
Japan
Dalles
Takeso Shimoda
Atomic Energy Commission
Tranquilizing drugs praised as aid for alcoholism
Dr. Vercelle Fox of the Georgian Clinic in Atlanta says tranquilizers help alcoholics quit drinking quickly with minimal withdrawal. She told the American Psychiatric Association convention that doctors can treat alcoholics and hospitals can admit such patients, drying out in about three days.
MENTIONED IN THIS ARTICLE
Chicago
Vercelle Fox
Auenta
Jannual American Psychiatric Assn
Also Mentioned on This Page
Treasury Department
Dina ‘Ine
Investment Inn
Devereau Foun
Datton
American Psychiatric Assn
Arending
Itoo
Monsy
Borlz
Louella Parsons
Eadie Canter
Lou Costello
Eddie
Lou
Wart
Costello
Germany
Bud-Abbott
Arthur Freed
Judy Murray
Knoxville
Lerner
Arthur
Gigi
Cecil Beaton
My Knoxville
University of Tennessee Coed
Paris
Ant
Fair Lady
Uou
Delta Delta
Delta Bovortly
Los Angeles
Marian Ann McKnight
Natalie Wood
South Carolina
Ford
Underbird
Craft Motors, Inc
E. Sullivan ST
Big Stone Cry
Usaful
Trice Credit
Commerce
Salli
Goody's
Piedmont
Itmaagine
Ocean Resort
Piedmont Airlines
Virginia Beach
Atlantic Ocean
Atlantic Hotel
Beach Plaza
Ivanhoe
Marilyn's Inn
Sea Spray
Tides
Traymore
Ctul
Derat
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