Big Center Banks to Feel Fed Move Two to Three Months
The Federal Reserve Board eases cash reserve requirements freeing about 660 million dollars for lending and cuts discount rate in major districts from 3 1/2 to 3 percent. Banks nationwide are expected to follow, with effects reaching local economies in two to three months and possibly boosting business activity. Benton W. Powell of Palmer First National Bank notes a temporary slowdown but expects a lagged, positive impact.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Federal Reserve
New York
Cleveland
Kansas City
Richmond
Atlanta
Sarasota
Benton W. Powell
Palmer First National Bank and Trust Co
Powell
Federal Reserve Banks
Federal Reserve System
Florida Senate to vote on secret session for independent electors
In Tallahassee the Senate majority bloc plans a weekend meeting to decide on calling a special session to name independent presidential electors. House members pressed for the move to protest the Democratic platform, risking a statewide poll of all lawmakers and potential political fallout. Independent electors could reshape congressional appointments and reapportionment issues loom.
MENTIONED IN THIS ARTICLE
Tallahassee, Fla
UPS
Senate
House
National Democratic Party
Ed Price
Bradenton
Sen. Price
Congress
Dewey Johnson
Quincy
Florida
R. A. Gray
Explosion and fire cripples U S S Exultant near Savannah
The 165 foot wooden mine sweeper U S S Exultant suffered an engine room blast and fire Friday night about 60 miles east of Savannah. Five crew killed unconfirmed, tow to port by U S S Nimble with Coast Guard and Atlantic Fleet Mine Force handling operations.
MENTIONED IN THIS ARTICLE
Savannah
UPS
U.S.S
Charleston
S.C
Navy
Exultant
Miami
U.S.S. Nimble
Nimble
Coast Guard
Naval Reserve Center
Atlantic Fleet
Partly Cloudy Weekend Forecast With Isolated Thunderstorms
Partly cloudy through Sunday with widely scattered afternoon and evening thundershowers. Highs 88 to 95, lows 72 to 77. Southerly to southeasterly winds 6 to 12 mph, briefly higher in showers.
Weather roundup of weekend temperatures and rainfall
A roundup of Friday's high temperatures Saturday's low temperatures and 24 hour precipitation ending at 6 am Saturday compiled by the Associated Press notes regional heat and rainfall patterns across multiple locales.
MENTIONED IN THIS ARTICLE
Associated Press
Powers family appeals Khrushchev for U2 pilot Francis Powers
In Moscow Oliver Powers tears up as he appeals to Premier Khrushchev to save his son Francis Powers the U2 pilot on spy trial. Ida Powers and a family friend accompany them arriving by air to Moscow as Barbara Powers travels from New York to join.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Oliver Powers
Francis G. Powers
Nikita Khrushchev
Virginia
Khrushchev
Powers
Oliver
Ida Powers
Washington
London
Mrs. Powers
Cury
Sovietskaya Hotel
Barbara
New York
Brussels
Virginia Law
Byrd Seeks Showdown On Medical Aid Bill
Senator Harry F. Byrd calls for a Senate Finance Committee showdown on medical care for the aged as a House passed bill moves toward a floor vote. Anderson proposes adding Social Security taxes to fund a separate medical care program with 365 hospital days and nursing care, but excludes physicians and drugs.
MENTIONED IN THIS ARTICLE
Byrd
Edwin B. Harkinson
Washington
Harry F. Byrd
Dva
Senate Finance Committee
Senate
Eisenhower
Mewsmen
House
Clinton P. Anderson
D-Nm
Anderson
Bulldozer uncovers Civil War era gold coins in Mobile site
A bulldozer clearing an urban development site in Mobile reveals gold coins buried near a tree. Up to 300 people gathered as coins dated 1851 to 1867 surfaced, with values from 33 to 80 dollars each. It remains unclear how many coins remain unclaimed as finders stay silent.
Koreans Get New President
Yoon Bo Sun took office as South Korea's president and rejected reunification by force. He argued strength is needed to oppose Chinese Communist and Soviet forces and called for cooperation with the United Nations in all circumstances.
MENTIONED IN THIS ARTICLE
Seoul
UPI
Yoon Bo Sun
South Korea
Syngman Rhee
Korea
Yoon
United Nations
Weird Tampa Slaying Imitates Mummy Case
In Tampa a 33 year old Negro, Jewel Lorrain, was found dead in the front seat of an auto with a plastic bag over his head and nylon bindings. Suspect James Webb, 21, white, of 913 33rd Ave, was detained after a passerby reported a white man setting up the victim then fleeing. Autopsy pending. Webb denies knowledge. Police tie this case to earlier Chandler Steffens murder.
MENTIONED IN THIS ARTICLE
Tampa
Chandler Steffens
Sarasota
Jewel Lorrain
Walter C. Heinrich
James Webb
33Rd Ave
Lorrain
Heinrich
Webb
Arthur Johnson
Steffens
Candidates' Views Vary On Tax Riddle
Sarasota voters face a tax bill rise of 441 per thousand, with homestead exemptions blunting payments. The Sarasota News surveyed four State Legislature candidates, who agree on reform but differ on methods. Republicans Nelson and Nelso n cite apportionment and reassessment as barriers to changes.
MENTIONED IN THIS ARTICLE
THE
Sarasota News
Florida
Gustin M. Nelson
Wenwood City Offers 234 Bedroom Homes Near Bee Ehkige Rd
Marketing copy touts luxurious living options in Wenwood City with oversized homes and lavish features. Offers addresses east of S. Trail and highlights dream lifestyles for residents.
MENTIONED IN THIS ARTICLE
Wenwood City Beautiful
Ehkige Rd
S. Trail
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Bulldozer Uncorks Ltd
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Today's Index
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