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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 10, 1963
Page
5
Top money managers eye a strategy to raise short term borrowing costs while keeping long term rates favorable. They aim to curb outflows of dollars and gold by nudging banks to favor domestic funds over foreign finance, with Treasury officials and the Federal Reserve under discussion.
New York AP report says State Supreme Court Justice Thomas G Chimera refused to release aviation magnate Vought from civil prison for nonpayment. Evidence cited that Vought sold his one million dollar share in his late father’s estate and is hiding assets. Geraldine Page heads to Moscow Film Festival as US rep. Humphrey receives Chippewa honor Chief Leading Feather Nahwauneuwanabe.
Discussions in New York for at least two months focus on using a discount rate increase to tighten short term credit. Analysts note a higher rate would raise borrowing costs for banks and influence consumer charges, potentially reducing the U.S. balance of payments deficit from a current annual pace near 32 billion dollars.
In Geneva observers will probe Egyptian platforms alleged use of poison gas in Yemen. UN Secretary General U Thant ordered Swedish Gen Carl Von Horn to lead the inquiry amid reports of chemical weapon use. In Moscow, Soviet officials claim CIA backed plots near the Soviet border to aid Iraqi Kurds. In Buenos Aires President Guido orders release of political prisoners after elections in which former leader Frondizi was ousted last year.
Birth announcements list numerous families from Thurmont Union Bridge Knoxville Walkersville and nearby towns highlighting second and third children. 4H Club meets at Woodsboro with 22 members and a demonstration on making a record book. A local reminder notes an Australian emu stands tall and an elevator etiquette tip is included.
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