Reserve Board Cuts Rate Aims to Spur U S Business
The Federal Reserve Board cut its discount rate from 2 1/4 percent to 1 3/4 percent effective today, lowering borrowing costs for banks to lend to business and the public. The move, seen as psychological warfare against a slump, follows a prior raise five years ago and may be mirrored by other reserve banks across the nation.
MENTIONED IN THIS ARTICLE
Reserve Board
U.S
Washington
Federal Reserve Board
Reserves Board
Federal Reserve
the Reserve Board
New York
Boston
Philadelphia
St. Louis
San Francisco
Federal Reserve System
Reserve System
Lutheran Aid for Everyone Expands Church Welfare Reach
Atlantic City, N J The National Lutheran Council reports Lutheran welfare services now aid all economic groups among parishioners and the general public. Dr Clarence E Krumbholz executive secretary says last year aid reached 10 000 orphans 6 000 aged men and women 70 000 Lutheran veterans 36 000 European refugees and many more seeking help.
MENTIONED IN THIS ARTICLE
Atlantic City
N. J
Lutheran ‘Welfare
National Lutheran Council
Clarence E. Krumbholz
Hazing Incident Leaves Boy Hospitalized Near Fox Lake
Six schoolmates told deputies they planned to teach a lesson to Ka Kephart. The boy was found unconscious in a roadside ditch and carried home by a neighbor. Doctors expect recovery with no lasting effects, and no charges were filed.
MENTIONED IN THIS ARTICLE
Dallas Kephart
Ira
Tommy
Vand Charles
Larsen
van Dien
Thomas’. Weimann
Charles Usedom
Grass Lake
Wayne Tesch
The
Kep
Harts
Fox Lake
Kephart
Samuel Fried
Japanese Army Major Accused Over Adoption Case
Yoshie Yamazaki of Fayette Missouri alleges her one year old mixed-blood child was inappropriately adopted by Maj John M Schwalje without her consent. Schwalje claims no intent to relinquish the boy and says the child was placed with a home for orphans in May.
MENTIONED IN THIS ARTICLE
Eeks
John. M. By
Schwalje
Fayette, Mo
Kyodo News
Kyodo Agency
Kyodo Agency, Reported, "Maj. Schwalje
Yoshie Yamazaki
Isa Tast May
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Carl
Nevada
ISIX
Exter Small
Entra Large PLC
BCU Om
Chevrolet
American Ave
Long Beach
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