Fed Rate Cut Again To 5% Pct
The Federal Reserve Board cut the discount rate from 5% to 4 1/2% the third reduction in under 90 days. The move followed banks lowering prime rates to 6 3/4% to 6 4/2%, signaling broader easing in consumer and mortgage borrowing amid cautious buyers. The report notes the pattern shift as major banks reduced prime rates before the discount rate cut. Experten commentary from MBA head Everett C. Spelman cautions buyers about construction costs despite ample funds. In Troy, James Martin Flanagan is named minister of the First Christian Church, succeeding prior pastor.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Chemical Bank of New York
Everett C. Spelman
Mortgage Banker's Association of America
MBA
New York
Reserve Board
Troy
James Martin Flanagan
Waverly, Ill
The
Christian
First Christian Church of
Tax Board Names Half Of Those Area Supervisor
H Dean Cissna of Palmyra has been promoted to area supervisor for the Missouri State Tax Commission. Cissna will serve the northeast counties of Scotland, Clark, Knox, Lewis, Shelby, Marion, Monroe, Ralls, Audrain, Pike, Lincoln, Montgomery and Warren.
MENTIONED IN THIS ARTICLE
H. Dean Cissna
Palmyra
Missouri State Tax Commission
Jim Riney
State Tax Commission
Cissna
Scotland
Clark
Knox
Lewis
Shelby
Marion
Monroe
Ralls
Audrain
Pike
Lincoln
Montgomery
Warren
In US Jails Not Convicted
Washington AP reports a Justice Department survey of 161000 inmates across 4087 jails shows 42 percent convicted, 37 percent awaiting trial, 17 percent awaiting arraignment. Many facilities are old, with 85 percent lacking recreation or education, half without medical care, and a quarter without visiting rooms. The ELAA will use findings to improve the system.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Federal Law Enforcement Assistance Administration
Roof Collapses at Benton High School Gym
In St Joseph Missouri the Benton High School gym roof collapsed Thursday after students were cleared from the gym. Assistant principal Bill Thedinga reported cracking noises and a tilting basketball goal around 12 40 pm. The wooden ceiling fell onto the playing floor about 40 minutes later. No injuries were reported and investigators looked into the cause.
MENTIONED IN THIS ARTICLE
St, Joseph, Mo
Benton High School
Bill Thedinga
Union Electric Agreement Fails Union Electric Agreement Fails
Union Electric strike near 50 days ends in rejection by Local 148 of a proposed settlement by 15 to 1 margins. About 1,300 members walked out Nov 20 at Missouri Illinois and Iowa plants amid cross-picketing by 2,900 other unionists. The dispute centers on disciplining three employees accused of trying to shut Cahokia plant as Union Electric bought power outside its system. Install Pastor Montgomery City Rev J W Outlaw named at St John Baptist Church succeeding Rev Isaiah Smith.
MENTIONED IN THIS ARTICLE
ST. Louis
Operating Engineers Union Local 148
Union Electric Co
Missouri
Illinois
Iowa
Cahokia, Til
Union Electric
Montgomery
St. John's Baptist Church
Montgomery City
J. W. Outlaw
Isaiah Smith
Legislators Propose 219 New State Laws in Missouri
Jefferson City AP report details 219 bills and 15 constitutional changes proposed by Missouri's House and Senate. Measures include lowering school tax vote thresholds, extending rights at 18, expanding Medicaid, education aid to private schools, higher cigarette tax, liquor sales for 18 year olds, and mass transit funding, among many others.
MENTIONED IN THIS ARTICLE
Jefferson City
Missouri
House
Senate
Cline
Department of Revenue
St. Louis
Jackson
Christopher
Kit) Bond
Mexco
Gateway Arch of
Arsonists Blamed For Hotel Deaths
A special board of inquiry concluded that the December blaze at Pioneer International Hotel killed 28 people and was started by one or more arsonists. The report cites two fires on the fourth floor hallway about 40 feet apart and relies on a preliminary arson investigation. No suspects named. police continue probe as city officials urge caution.
MENTIONED IN THIS ARTICLE
Tucson
Ariz
Pioneer International
L. F. Peterson
Cyrillis W. Holmes
California Forestry
James Corbett Jr
Morning-After Pill May Also Work On Arthritis
A group of prostaglandins may offer hope against rheumatoid arthritis by blocking enzymes from white blood cells in joints. NYU doctors Zutter and Weissmann report to the American Rheumatism Association that further study is needed but artificial prostaglandins might someday limit joint tissue damage.
MENTIONED IN THIS ARTICLE
Washington
Robert B. Zutter
Gerald Weissmann
New York University School of Medicine
American Rheumatism Association
Zurer
Weissmann
Institute Trains Court Managers in Denver
The Institute for Court Management, funded by a Ford Foundation grant, trains US Circuit Court administrators. Its first class of 31 graduated in December, including W. Wayne Bruckner and Andrew Talley. Backed by top judicial bodies and tied to the University of Denver Law School, the 26 week nondegree program covers court organization, judicial responsibility and personnel.
MENTIONED IN THIS ARTICLE
Denver
U.S
Institute For Court Management
Ford Foundation
W. Wayne Bruckner
Missouri
Andrew Talley
Delaware
James Thomas
Institute
Nixon
American Judicature Society
Institute For Judicial Administration
American Bar Association
University of Denver Law School
Law school dean eyes master’s degree in judicial management
Dean Robert Yegge of the law school says the institute may evolve into a master’s degree in judicial management. The program runs nine weeks in class, a two week seminar, and 15 weeks in Denver courts with exposure to juries and court calendars. About eight students participate this year.
MENTIONED IN THIS ARTICLE
Robert Yegge
Law School
Denver-area
Thomas
Yegge
Also Mentioned on This Page
San Bernardino
Calif
Tax Board
Union Electric Agreement
St. Louis County
COX
FDR
Davis
Bryan
T.r.johnson
Harding-Coolidge
Cox-Corrigan
Foster Gitlow
Maloney
Rommel
Smith- Robinson
Debs
V.P. Cand
Wooley-Metcalf
Barker-Downley
Bryan-Watson
Tilden
Garner
Chafin
Dick Bristow
Santa Cruz
Lawrence Drug Co
H. Peter Ekern M.D
James R. Allan M.D
S. Morris
Mexico, Mo
Mexico Ledger
Ledger
Mexico
3. H. Bloebaum
Mokane
Mrxica
Smith, Moore & CO
N.Y. Stock Exch
Paul Heidbreder
Vir-Mar Apt
the Ledger
OF Iga Foods
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