Flexibility in Banking Policy Warned by NY Fed Head
The New York Federal Reserve chief urged flexible monetary policy to avoid uncommitted stance in a speech to bankers and industrialists. He warned investors, noting many mistake common stocks as mere profit vehicles and urged a flexible policy and diversification amid rising prices and yields.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of New York
Federal Reserve Banks
United States Treasury Department
United States
Treasury
U. S. Deficits in Foreign Trade Rise in 1961
The United States ran a deficit in international payments at a 1961 annual rate of 5.8 billion dollars in late 1961, higher than prior estimates. For all of 1961 the deficit was 2.4 billion, an improvement over 1960. Gold outflow fell from near 2 billion in 1960 to about 700 million in 1961.
MENTIONED IN THIS ARTICLE
Washington
UPH
U.S
Commerce Department
Department
United States
Dumke Slated for College Job
Dr. Glenn S. Dumke, vice chancellor of California State College System, is slated to become chancellor per the San Francisco Examiner. He is 44 and a former president of San Francisco State College, to be chosen when trustees meet in Sacramento March 1 and 4. He would replace Dr Buell G. Gallagher who quit last week to return to City College of New York.
MENTIONED IN THIS ARTICLE
San Francisco
Glenn S. Dumke
California
State College
San Francisco Examiner
Dumke
San Francisco State College
Sacramento
Buell G. Gallagher
City College of New York
British Navy Officer Strangled Found in Wardrobe
The naked strangled body of Norman Rickard, a British Admiralty supply officer, was found crammed into a wardrobe in his London apartment on Monday night after he had been missing for about a week. Police were notified and are investigating the case.
MENTIONED IN THIS ARTICLE
London
Admiralty
Norman
Rickard
States Plan Tax Cuts Amid Broad Revenue Watch
Business analysts note governments plan more spending and debates loom over federal and state tax changes as 16 states consider increases while others propose cuts. Proposals include withholding 20 percent of certain income at source and easing taxes on savings banks and mutual insurers, with depreciation changes and new credits possible for plant purchases.
MENTIONED IN THIS ARTICLE
U.S
New York
Cdoush
Wisny
Fortis Federal
Legis
Congress
Treasury
Eiber
Savags & Loan
Atl
Mutual Fire and Casualty
Tax Foundation Inc
Explosive Bomb Damages Los Angeles Repair Lot
A bomb hurled into a repair shop near Fleet Disposal Co at 58585 Central Ave in Los Angeles caused minor damage with no injuries. A second incident involved gasoline soaked ropes wrapped around trucks at the disposal firm, extinguished before causing fuel tank fires. Sheriff reports indicate the blast could have been deadly. A state rubbish hearing two years ago mentioned threats faced by the firm, said VP Clifford Chamblee. Cotton futures in New York showed erratic behavior with March contracts leading, a sizable intra day rise and subsequent pullback.
MENTIONED IN THIS ARTICLE
Aon
Aires
Los Angeles
al Aneia
Fleet Disposal Co
Central Ave
Jbwo
Debris Left on Levees Draws Prosecution Threat
Sacramento assemblyman Jerome RK Wat staple price indicates landowners who abandon levee debris risk legal action. He urged Army Corps of Engineers to remove debris and said prosecutions may follow for those who fail to clear banks.
MENTIONED IN THIS ARTICLE
Sacramento
Essemblyman
Jérome RK
D-Antioch
Ytarnd White
Erica
Waldie
Pawean
Army Corps
Citrus Market Report From Los Angeles Hews Service
The Feddorst SIA Market News Service notes oranges navels extra choice and other grades steady with mild shifts in pricing. San Joaquin and nearby markets show varied bids, with Sunkist Growers and related buyers reporting activity across auction and spot markets.
MENTIONED IN THIS ARTICLE
Los Angeles
Feddorst Sia
San Joaquin
Wis
VISA
Sunkist Growers, Inc
Eranoss
Mehance Ray
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By Harry C
France
America
Ae Faria
Pene Rasen
Reserve Banks
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Tampa
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Poe
Dean Witter & Co
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Barth
Leog Beach
Galt
Portland
Seattle
Western Airlines
Business Mirror
Sam Dawson
Tony
oMlavtog Enlers
Secur
Annick
Benny Ips
Ban Benson
Elven
Ayarch
Rat Ins
Argonaut Ins Cox
Bilder Orphy Eyes
Benet
Fate Video St Font Assurance
Barlon Holany Capital Hearrison
Standard & Poor
Bruniwig
Ui—Standard & Poor
General Branktin Lise
Glens
Globe & Repub
Cal Wale & Ter
Oceanarium
Hanover
Gil i Paby Drewei
Railroads
Ebett
Harbford Fire
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Lad Life Ing
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Pac Mutual
Beriment
Congo
Bermansata
Asporiated
Rh VK
Las
St Paul
Cornel Slores
Havlenal
Bashew Busich
Portland Geo Et Baninsha
Giversa Inc
Peciva
Burew Corp
Whishire
Buconman
Ambass
Ambass. Oig 1 A Eaeeat A Ai Fest PR Manemh Ty Eastera Banks"” Bun Bracsreel
Bover
Iris Fae
Badkers Trust
Indus Indus
Recubile
Aim Electron Rais Qynan
Huclear Apt
Enase
Manhattan
Firelady
Anacon Td Angay Esa
Rede Bn Ib
Pief
Irving Truyak Waste Sa
Lela Eng
Raval Industie Akon
Esbrex
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Arizona Banke Ain Nat
Cisdickin & Gal
Sarvonle
Alloa
Geneva
Am Ni&sa Ear Farrier Ras
Syare Cainevar
Egal Veliow
Bank of Calonal
Ausio Dey
Aula Radionnevell
Century BK Store Inc
Mii
Yedus Baile Sah & Eller Rst Ike Rayalita Ae
Hititens Nella A
Serbura Co
Barnes Eng
Glen DI Saale
Kontinental Bk
Seniad
Seulawest
Belock
Continental Bk
Eula Fen Land Co
Saredon
Great West
Indus
Brit Broyn Co
Bank Hill
Strom Cobb
Ar Bs
Burma
Starrett
LA Cals
Alecomauting
I Bias
Eample
Sunalsien
St Ee Grin
Texas Any Oil Cos
Can So Pet
Mare
Armosa
Howel
Teli Allied Emaire
Hadley
Cal Financial
Deke Wa Ag
Utah
Hora Fincoast
Salsnar
Viesco Financial
Uroensen Groais
Unitad Ullts Fea
UR Sarvalerly Ny
Corontal
Acme Electric Thentecky UI
Altami
Inelics Corp Joy Sal Wa
Secon
Tadango Ti Stack Sales Amer. Cements
Knudsen Creany
Hi Am Labs
Amer Pine
Reamer Armercan
Rug Co
Warthell
Sun Ray Ma
Uene
Dell Ewer
Sri Bancore
Sriz Fert
Hachek Cock
Bazar
Velington
Mig
Air Bid
Aik Sofony Retail
Macca Corn S
Aberdeen Fund
Fundenth Invest
Maprae Avery Adhesiva
Arkel Basket
Advisers
Ancrah Gapha
Aarlin Rockwell Ary
Rey Corp
Atuilsled
Hulual
Aulec
Ol & Gas
Die i Varebell Indus
Amn
Shill Group
Anusual Trust
Sabenck Flectr
Pausual Ford
Tin ‘Indus Spr
Bae Sd Nal
PF SE
Ie Scienceke
TT Guard Muias
Ser Tnt
Nat Sec
Blue Rc Wut
Ee Ney
Aston UN
Haydock Fund
England
Incora
Price
Ravere
Compsite B&s Fe
Igyatekesearch Islev
Jonastan Atul
Bherehides
Delaware Ford Keystone
Liver Invest
Atk
Io Invest
Fuss Iee
Rargi Texas
Hank Haw
Wren Ten Cin
Kmicherbacker
Fund Flectrontey Encrav
Ralckerbock Gran
Lexington Trust
Ingore Ievast
Lme
Ajass Lay Trust
Dow-Jones
Hullon & CP
American Stock Exchange
Johnnie Walker
Asofi
L.A
Nat
Haley
Canis
Taare AB
Hian
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