Margin debate on raising stock purchase cash requirement
Washington talks on whether to lift margin requirements beyond 60 percent as market conditions prompt a review by lawmakers. William Martin Jr., former NYSE director, says margin hikes alone won’t cure speculative excesses though they may curb some risk, amid a broader debate on credit buying and market health.
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Washington
Federal Reserve Board
UN J
Banking Committee
Sen. Fulbright
D-Ark
William Martin
Mec
Martin Jr
Senate New York Stock Exchange
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Rain to halt big fire eyed for artificial cloud seeding
In Waycross Georgia fire fighters weighed artificial rainmaking to quell a giant forest fire burning in north Florida, with 47 000 acres of timber burned. A separate weeklong blaze in south Georgia looked controlled as heavy rains were hoped to end drought driven danger. Florida State Forest official C H Coulter said Foley area fire has scorched 32 000 acres and is the worst in state forest history, adding rainmaking would be tried if cloud formations allow.
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Waycross
Florida
South Georgia
C. H. Coulter
Foley
Sweden Expels Romanian Czechoslovak Legation Officials
Stockholm reports Sweden expels all Romanian and Czechoslovak legation officials amid nationwide spy rings. Police detain 11 suspects including 5 Swedes, 3 Czechs, a Romanian, a German, and an unidentified foreigner. Public Prosecutor to request arraignments as Foreign Minister Unden may summon diplomats for stern talks. Czech attache reportedly left Stockholm last Friday.
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Stockholm
Sweden
Romania
Czechoslovakia
Gote‘borg
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Oesten Unden
Anglican Bishop Urges Princess Margaret to End Wedlock Plans
London bishop Alfred Blunt told The People that Queen Elizabeth II cannot consent to Princess Margaret marrying divorced RAF Group Captain Peter Townsend. He warned the Church would not relax its ban on remarriage of divorced persons, and suggested a party might drop plans if true. Margaret, 21, could wed without royal consent when she turns 25 next August 21, if she renounces succession rights.
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Abductors Sought for Oklahoma County Attorney
Oklahoma City police investigated two armed abductors who forced a 30-year-old assistant county attorney to ride with them for about three hours. He was released unharmed and described the incident as directed to intimidate him.
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Carroll Freeman
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Train Delayed By Dynamited Switch Near Yorktown
A chartered New York Central train carrying Indianapolis Shriners was held up for hours on the return trip from Detroit after a switch was dynamited. The nine car train, moving at ten miles per hour, halted when the engine and four cars crossed a damaged rail. No injuries were reported.
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Indianapolis Shriners
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Einstein Observes his 76th Birthday in Princeton
Dr. Albert Einstein marks his 76th birthday quietly in Princeton without fuss or festivities, continuing his habit of low profile public appearances.
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Princeton
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Albert Einstein
Nehru Escapes Knife Attack Near Nagpur
Prime Minister Jawaharlal Nehru narrowly avoided death March 12 when a knife wielding assailant leaped onto his car near Nagpur in central India. Police identified the attacker as Basu Rao, a 32 year old rickshaw puller.
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London
Weilding
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India
Basu Rao
Showdown Expands With Four Teams In Kansas City
Four high pedigree teams join the event in Kansas City, including San Francisco La Salle and Towanda, plus a fourth for a standout hardwood matchup. A key “commoner” from saris in Colorado adds a curious twist to the bracket as competition heats up.
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Kansas City
San Francisco
la Salle
Towa
Saris
Colorado
Dons Face Iowa La Salle In NCAA Semi Final Showdown
The NCAA championship race narrows to a trio of semifinal bouts as San Francisco San Francisco tops Oregon State 57-56 and Indiana Iowa La Salle and Colorado vie for a regional title. Bill Russell headlines the Dons with 29 points while Tom Gola leads La Salle as they aim to defend their crown. Utah beat Seattle 108-85 in the consolation game. The Los Angeles broadcast features Nixon discussing economic policy.
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Seattle
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