Treasury borrows at low cost to ease money supply
The Treasury sells eight year bonds to commercial banks to boost reserves and credit amid a deflation threat. Easy money reduces interest costs, supports lending, and aims to counteract a downturn after the Korea War boom. Banks gain liquidity, while mortgage terms remain tight for some borrowers.
MENTIONED IN THIS ARTICLE
New York
U. S. Treasury
Treasury
Federal Reserve Board
Federal Reserve
Fire Sirens Fail To Disturb Sleep
Sacramento report says Jack Martin slept through a shed fire as four engines arrived and extinguished the blaze. One engine damaged a car in the chaotic response and the fire chief later investigated the quiet scene.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Jack Martin
Jack
Boy 14 Strangled by Oven Belt at Bakery
Cleveland police report a 14 year old boy named James Przeslica died after his head became wedged between an oven door and a revolving belt at a bakery where he cleaned pots and pans. He apparently stuck his head inside to check pans drying.
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Cleveland W
James Przeslica
Worry Clinic case notes teen bullying on 79th Street
Dr George W Crane reports Larry C a 13 year old eighth grader home with a black eye after a group of five older boys attacked him when he refused to pick up gum. The column urges moral instruction and athletic or scholastic achievement as anti bullying measures in Chicago and beyond.
MENTIONED IN THIS ARTICLE
Larry C
Larry
79Th Street
America
Chicago
Grammer
Grandmothers Seek Special Day in California
San Jose activist Mrs. Lottie P. Gregory 73 leads California Grandmothers' Club and urges state leaders to declare the second Sunday in October Grandmothers Day. She plans to press Governor Knight at the Capitol during the state convention.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Grandmothers of
California
Lottie P. Gregory
San Jose
California Grandmothers’ Club
Capitol
Goodwin J. Knight
Gold Kettle Sells For 7800 At Tokyo Store
Tokyo department store sells a seven pound gold tea kettle for about 7800. The purchaser remains unnamed to the tax collector, keeping identity secret.
MENTIONED IN THIS ARTICLE
Tokyop
Tokyo
No title available from fragmented text
A fragment urges a person to work a newspaper route or take part time jobs after school and on weekends. It emphasizes hard work, school involvement, and honoring parents by maintaining good grades while warning against joining gangs or behaving cowardly.
Hibernating Animals Seek Shelter During Ice Ages
The text notes hibernating animals die if unprotected as their body temperatures drop. It explains they seek sheltered spots to enter a state of cold-bloodedness. It also cites Britannica on the Great Lakes draining via the Mississippi River in an earlier Ice Age.
MENTIONED IN THIS ARTICLE
Great Lakes
Mississippi River
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