Hope Cheap Money Will Spur Business
United States may see lower interest rates as banks cut the prime rate and the Federal Reserve adds funds for lending. Cheaper money could lift fall business, boost home building, and spur factory output, though experts split on inflation risk and gold drain.
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New York
United States
Europe
Federal Reserve Board
West Germany
Switzerland
U. S
Federal Reserve
Boston Transit Strike Ends After One Day
Boston ends its first transit walkout in 41 years as rapid transit returns within an hour and the system nearly normal by 6:30. Merchants estimate the stoppage cost about six million dollars, while MTA employees lose a day’s pay and the system foregoes revenue. The strike began before the Monday evening rush over arbitration of a new contract.
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Boston
Metropolitan Transit Authority
Dean C. Cushing
Boston Retail Trade Board
MTA
Powers Parents Returning Home From Moscow Trip
Francis Gary Powers' parents left Moscow by plane for Copenhagen eleven days after arriving for his espionage trial. They were joined by Powers's wife Barbara who remained in Moscow hoping to meet Nikita Khrushchev and appeal for a lighter sentence.
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Moscow
Francis Gary Powers
Copenhagen
Oliver W. Powers
Pound
Ida
Barbara
Nikita Khrushchev
Khrushchev
Yalta
Black Sea
Ike Will Speak At Chicago Rally
President Eisenhower will give his first campaign speech on Sept 29 in Chicago at a Republican fundraising dinner. The address will be broadcast by closed circuit television to similar events in other cities and Nixon and Lodge are expected to speak at dinners the same night.
MENTIONED IN THIS ARTICLE
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Eisenhower
Chicago
Richard M. Nixon
Henry Cabot Lodge
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AP Business News
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Powers
Ike
Ottawa
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West 15Th Street
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J. E. Fox
North Carolina
Bobby Fox
Chevrolet
South Main St
Porcelain
Hotpoint
Mrs. America
Hotpoint Know How
Douglas Bros. Furniture & Appliance
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