Discount Rates Up At Four Banks
The Federal Reserve Board ordered a half point rise in the discount rate to 3.5 percent at four district banks in Chicago Kansas City Philadelphia and Minneapolis to curb inflation and credit expansion. The move follows 10 months of rising prices and aims to align rates with market levels ahead of a broader adjustment. The Treasury announced a 144 billion dollar issue of one day bills to meet current needs.
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Young Father Critical After Knife Wound by 22 Month Old Son
In Pottsville Pennsylvania a man identified as Thomas Norris, 20, from New Philadelphia, is in critical condition after a six inch steak knife was stabbed into his chest by his 22 month old son while Norris played on a living room sofa. Norris said he had placed the knife under the sofa while fixing a TV and did not realize the child had found it.
MENTIONED IN THIS ARTICLE
Pottsville
Jonah Reese
Thomas Norris
New Philadelphia
Thomas Jr
Norris
Reese
American Cleared In Korea Shooting
U S Army court martial acquits Ronald E Fassett of negligent homicide in the fatal shooting of a three year old Korean boy in Inchon. Fassett, 19, was fined two thirds of his pay for three months for careless discharge of his weapon. He was guarding a pipeline when the carbine discharged.
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Seoul U
Ronald E. Fassett
Ulster
Korea
Kim Young Tlo
Fassett
Inchon
Army
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