Margin Hike to 90 Percent Tightens Stock Credit Rules
The Federal Reserve Board raises the margin requirement to 90 percent to curb speculation with borrowed funds. Investors must now provide at least $90 cash per $100 of stock, with no retroactive effect. Officials note broker and bank loans for stock purchases have grown sharply, signaling strong market credit measures.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Wall Street
Reserve Board
G. Keith Funston
New York Stock Exchange
Funston
Kennedy to Speak at La Crosse Airport Rally Tonight
Sen John Kennedy of Massachusetts will address a Democratic rally at 8 p m Thursday at the La Crosse Municipal Airport. He visits to bolster Norman Clapp against Gardner Withrow in the Nov 4 election while touring the Midwest with local party leaders in attendance.
MENTIONED IN THIS ARTICLE
John Kennedy
Massachusetts
la Crosse
Norman Clapp
al di Piazza
Clapp
Gardner Withrow
Sen
Kennedy
Midwest
di Piazza
Pat Lucey
Party
Sen. Kennedy
Hearing Planned on Interstate Route in La Crosse County
A public hearing is set for 10 a.m. November 7 at the La Crosse Courthouse to discuss the proposed National System of Interstate and Defense Highways routing in La Crosse County. If the plan gains public support, the state will buy the right of way early in 1959 and draft final plans this winter, said V. L. Fiedler, district engineer.
MENTIONED IN THIS ARTICLE
la Crosse County
French Island
la Crosse
Wisconsin Highway Commission
Commission
V. L. Fiedler
la Crosse Tribune
Mississippi River
Dresbach Dam
Minnesota Highway Department
French Lake
Round Lake
Black River
Fielder
U.S. 53
Onalaska
U.S. 16
Milwaukee and North Western
Fiedler
Medary
Fauver Hill
Salem
Bangor
Rockland
Monroe County
West Salem
Opponents Of De Gaulle Cancel Algerian Protests
In Algiers right wing groups backing De Gaulle scrapped demonstrations after a briefing with Gen. Raoul Salan. The move followed De Gaulle orders removing military members from the Public Safety Committee, reshaping power as moslem leaders met in Paris to urge cancellation.
MENTIONED IN THIS ARTICLE
Algiers
Charles de Gaulle
de Gaulle
Raoul Salan
France
Salan
Paris
Cherif Sid Cara
Azem Quali
el Madoui
Ouali
Madoui
Pierre la Gaillarde
Army
Central Public Safety Committee
Algeria
Oran
Azem Ouali
Death crash case ends in negligence finding
A coroner's jury in Viroqua finds Russell Raymond 21 guilty of ordinary negligence in the death of Glen Volden 22 after a Westby street collision. Nine witnesses testified about a party drove by Ronald Munson prior to Raymond taking over. Donna Munson admitted giving false statements about who drove. Debris suggested Raymond crossed the center line. Jury members were Rhea Taylor Stewart Groves James Buchen Charles Dahl Glen Mullen and Philip Tate.
MENTIONED IN THIS ARTICLE
Viroqua
Wis
Russell Raymond
Jackson St
la Crosse
Glen Volden
Westby
Ronald Munson
Soldiers Grove
Readstown
Raymond
Munson
Ronald
Donna Munson
Jack Burns
Seneca
Crawford County
Bernard Clements
Rhea Taylor
Stewart Groves
James Buchen
Charles Dahl
Glen Mullen
Philip Tate
Democrats To Continue Discussion Of Foreign Policy
Senator George A. Smathers says Democrats will keep debating vital foreign policy matters beyond the two man Eisenhower-Dulles frame. President Eisenhower and Secretary Dulles urge restraint on campaign talk while urging intelligent questioning of daily policy choices. Vice President Nixon argues Republicans must answer criticisms, while the GOP blasts Democrats over Quemoy and Matsu.
MENTIONED IN THIS ARTICLE
Sen. Smathers
Washington
Dulles
Eisenhower
U.S
George A. Smathers
D-Fla
Thruston B. Morton
R-Ky
San Francisco
Nixon
GOP
Dean Acheson
Paul Butler
Wayne Morse
D-Ore
Hubert Humphrey
D-Minn
Smathers
Quemoy
Matsu
Korea
Formosa Strait
Chest Holds First Report Meet Friday
Results of the first two days of the 1958 Community Chest campaign will be reported at a meeting Friday noon at the YMCA, according to Dr. R. S. Mitchell, campaign chairman. All solicitors are urged to turn their reports in Thursday evening. Next report meeting will be Wednesday, at which time the final cleanup will be planned.
MENTIONED IN THIS ARTICLE
Community Chest
YMCA
R. S. Mitchell
Giant footprint studied near Eureka amid Creek sightings
A 16 inch print found along Bluff Creek is prepared for casting by William Chambers as road workers measure. The prints follow reports of an eight-foot tall hair covered creature. since the discovery, 15 construction workers quit the project.
MENTIONED IN THIS ARTICLE
Eureka
Calif
William Chambers
Ed Schilinger
W. R. Wallace
Bluff Creek
Unifax
Blast and Fire Destroy Offshore Oil Rig Killing One
Explosions and inferno ripped through a Gulf of Mexico offshore oil production platform 60 miles south of New Orleans. One crewman, T. P. Butler of Liberty, Miss., was killed. 21 hospitalized, seven still unaccounted for. Fatally injured was Butler. his brother E. A. Butler reported missing. E. C. Swenson, 44, of Algiers, La., was critically burned. Three others in serious condition.
MENTIONED IN THIS ARTICLE
New Orleans
Gulf of Mexico
T. P. Butler
Liberty
Miss
E. A. Butler
Decision In Gas Case Likely By End Of Month
Final arguments in the Midwest natural gas case concluded before the Federal Power Commission. The panel heard from 37 parties including state spokesmen and outlined that a decision is hoped by month end. Competing firms Midwestern Gas Transmission Co and Northern Natural Gas Co face 20 applications.
MENTIONED IN THIS ARTICLE
Washington
Midwest
Federal Power Commission
Jerome Kuykendall
Commission
Wisconsin
Illinois
Iowa
Harry Albrecht
Midwestern Gas Transmission Co
Northern Natural Gas Co
Omaha
Francis L. Hall
FPC
Albrecht
Northern
Midwestern
Chicago
Trans-Canada Pipelines Ltd
Trans - Canada
X15 Rocket Plane Public Showing Prompts Space Pride
In Los Angeles the X15 rocket plane is unveiled to the public. Vice President Nixon calls the X15 a major step in space exploration and says the United States has recaptured the lead in the race to outer space.
MENTIONED IN THIS ARTICLE
Nixon
United States
Outer Space
Locomotive Plunges Into Swamp After Unmanned Run
A Chicago and North Western Steam locomotive broke loose from a roundhouse, traveled a mile through two intersections and ended nose down in a swamp by a coal dock yard. Jointsuperintendent A A Humphrey said it was nudged by another engine and then rode onto a dirt mound that failed to stop it. He declined to say how the engine would be removed.
MENTIONED IN THIS ARTICLE
Ashland
Chicago and North Western Railway
North Western Roundhouse
A. A. Humphrey
Ironwood
Mich
Lake Superior
Humphrey
Four Members Of Family Killed In Wisconsin Crash
Four members of a Milwaukee family died in a two car collision in eastern Waukesha County Wednesday night. The dead are Mrs. Althia Wagner 25 and her children Keith 6 Kevin 3 and Karlene 3 months. Leonard Wagner 30 husband and Lloyd Schank 30 of Germantown driver of the other car were injured. Coroner James Welch said the crash occurred at West Silver Spring Drive and Highway Y.
MENTIONED IN THIS ARTICLE
Milwaukee
Waukesha County
Wisconsin
Althia Wagner
Keith
Kevin
Karlene
Leonard
Waukesha Memorial Hospital
Lloyd Schank
Germantown
James Welch
West Silver Spring Drive
Highway Y
Commission approves Tomah Manston radio station permit
The Communications Commission granted Tomah Manston Broadcasting Co of Tomah Wisconsin approval to operate a new daytime radio station on 1390 kilocycles with 500 watts of power.
MENTIONED IN THIS ARTICLE
Washington
The
Communications Commission
Tomah-Manston Broadcasting Co
Tomah
Wis
Also Mentioned on This Page
By Frank Cormier
Dresbach
la Cresent
Osland
U. S. 53
North la Crosse
U. S. 16
Fauver Hill School
Forum
Public Safety
Ben
Wolden
Robert A. Starr
Vernon County
Dist
Larry Sieger
By Jack Bell
Republican National Committee
Chest
Little Rock
Michigan
Minnesota
Harry Littman
Trans-Canada
Los Angeles
Air Force
Navy
Civilian Space Agency
Associated Press
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