Fed lowers discount rate to 3 percent across banks
The Federal Reserve Board cut the discount rate from 4 percent to 3 percent citing reduced inflation pressures. Reductions from Philadelphia and San Francisco banks take effect Friday morning as other regional banks may follow, signaling a hopeful end to postwar inflation fears.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Philadelphia
San Francisco
Federal Reserve
Federal Reserve Banks
Federal Reserve System
Disarmed: Police confiscate BB guns from youths
Two Carbondale teenagers were caught firing BB guns at cars near a vacant house opposite the Carbondale filter plant on South Wall Street. Asst. Police Chief Jack Hazel said no damage occurred, the guns were taken, and parents may retrieve them in about a week.
MENTIONED IN THIS ARTICLE
Carbondale
Asst
Jack Hazel
South Wall Street
Hazel
Ozark Air Lines Wins Approval for Expansion
The Civil Aeronautics Board authorized Ozark Air Lines to expand service to Peoria and Springfield Illinois, eliminating some stops and adding one stop flights between Chicago and Saint Louis. Ozark can proceed if feeder cities maintain at least two round trips daily, with an estimated annual gain of about 44000 dollars. The board also denied Chicago’s petition to reconsider a TWA suspension at Peoria.
MENTIONED IN THIS ARTICLE
Washington
American Airlines
Civil Aeronautics Board
Peoria
Springfield
Ill
Ozark Air Lines
American
Ozark
Decatur
Champaign - Urbana
Chicago
St. Louis
CAB
Trans World Airlines
Three Charges Filed Against Vienna Man
Johnson County Sheriff Glenn Dallas said Joseph Richard Mally, 42, Vienna, is held in the Johnson County jail on drunken driving not having a driver's license and resisting arrest. Dallas said Mally fought Deputy Sheriff Herman McKenzie during the arrest about 2 p m Thursday in Vienna.
MENTIONED IN THIS ARTICLE
Johnson County
Glenn Dallas
Joseph Richard Mally
Vienna
Dallas
Mally
Herman McKenzie
Hub Caps Stolen From 1957 Chevrolet
Mrs Kathryn Adams of 812 North Marion Street Carbondale told police two spinner hub caps were taken from a 1957 Chevrolet Wednesday night.
MENTIONED IN THIS ARTICLE
Kathryn Adams
Marion St
Carbondale
Edgar Jackson
St., Carbondale
Railway freight car costs about 9500 dollars today
An average railway freight car is valued around 9500 dollars in the current market. The figure reflects typical pricing for standard freight rolling stock and may vary with features and supplier.
Actress Greta Thyssen Granted One Year Probation
In Los Angeles on June 3 AP reports actress Greta Thyssen received a year’s probation after a traffic stop incident. The Danish born star was fined $52.50 for disturbing the peace. the judge suspended any jail term, and Thyssen smiled as she left Municipal Court claiming she thought the officer intended to kiss her.
MENTIONED IN THIS ARTICLE
Greta Thyssen
Albany Board Rejects School Gym Dog and Cat Shows
The Albany Board of Education declined requests to use a school gymnasium for cat and dog shows, rejecting the proposals without dissent on June 3.
MENTIONED IN THIS ARTICLE
Albany, N.Y
Board of Education
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Philco
Logue TV 16
University Carbendésio
W. Freeman
Salue
Lizabeth
Montgomerys
KATHARINE_ TAYLOR
CLIFT
Hepburn
Columbia (Dictures
Tennessee Williams
Joseph L. Mankiewicz
Sam Spiegel
Gore Vidal
Oliver Messell
Theater
Eastham
Mitr Stubbs
Alec
Thre United Artists
James Cagney As
Admir
Halsey
The
Pacific
Dennis Weaver
U.S
N.Y. Herald Tribune Service
Randolph Scott Caitrusseu
Warnercolor
Randolph
Karloff
Los Angeles
Bryans
Marion West
Frankfort
W.F. W. Hall
EaSt Main
Hap” Akins
Marlow
Murphysboro
Judith Evelyn Darryl Hickman
Columbia Picture
Herrin
Ruston
Susan Haywari
John Arnold Murphysboro
FORD
Brandla
Richard Burton
Barbara Rush
Jack Icarson
Nightcap
Budweiser
Your Southern Illinois Busch - Bavarian - Budweiser Distributors
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