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News in Frederick, Maryland

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Oct 18, 1958

Page

8

Flemming backs tighter pollution controls on Potomac

Secretary Flemming outlines stronger enforcement under the Federal Port Control Act and supports shifting federal sewage grant financing to the states. He cites the Potomac as a symbol of national pollution failure and urges rapid action, with continued federal backing if states lag.

Washington Arthur Flemming Joint Action Committee Potomac Robert E. McLaughlin Board of Commissioners of District of Columbia Potomac River Virginia Maryland Federal State Joint Action Committee Water Pollution Control Advisory Board Eldon

Margin rules prompt debate at United States monetary policy talks

At Ar den House 69 conferees debate whether raising stock buying on credit helps or hinders the Fed's money and credit management. Ralph A. Young cites cash 90 percent and 10 percent credit as a restraint that may dampen demand and curb speculation amid inflation fears.

Harriman Federal Reserves Board American ‘Assembly United ‘States Arden House Wall Street Ralph A. Young Division of Research and Statistics Board of Governors Federal Reserve System

Margin rules drew little stock effect in market report

In a late October 1958 briefing, officials said new margin requirements would curb excessive credit use in stock speculation. Wall Street viewed the move as only marginally affecting prices and cash-based trading, with total broker and bank credit loans to carry securities near 1044 billion by September. Fort Knox course and a Maryland serviceman’s training were noted amid regional items, alongside a Spanish visitor’s death jump from a Paris arch. One fact states Florida produces about a quarter of U.S. watermelons.

Frederick Maryland Wall Street Young

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