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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 10, 1948
Page
6
Belmont Shore Boosters Club will hold a business and social meeting tomorrow night at Bern Stein's restaurant. Dinner starts at 6 o'clock. Lifeguard Capt. Roy Miller serves as club president.
Government moves to curb inflation rely on three strong weapons: higher short term rates, increased bank reserves, and a higher rediscount rate. The Federal Reserve and Treasury coordinate to tighten credit by making money scarcer and borrowing costlier, aiming to reduce bank lending and push banks to hold government bonds rather than extend loans.
Long Beach City Lines announces a Sunday start for a new bus route serving the Los Altos tract north of the Long Beach Naval Hospital. The Seventh St Magnolia Ave line will reroute via Bellflower Blvd Abbeyfield St Atherton St and return, pending an access road opening into the southwest tract.
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