U S Relaxes Home Buying Restrictions
The Federal Reserve board announced relaxed down payment rules for new private residences built since October 1950. Down payments drop by 20 to 50 percent overall, with a 5 percent minimum on $7,000 or less homes and a 40 percent maximum on $25,000 or more homes, plus a sliding scale for mid range. Veterans housing gains include a 35 percent down payment on VA mortgages for one to four family homes.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Veterans Administration
Army Ready For Red Dive In Korea
Gen James A Van Fleet said the U S 8th Army is ready alert and fit to meet any offensive in Korea The UN fighting force morale is high and supplies especially ammunition are in good condition He estimated the Communist striking force at about a million men 500 tanks and self propelled guns and 1800 planes Ground and air action on the western front is rising slightly
MENTIONED IN THIS ARTICLE
Seoul
Korea
James A. van Fleet
U. S
United Nations Fighting Machine
8Th Army
van Fleet
Chicago Produce Butter and Eggs Market Report
Butter firm receipts over two days total 1 054 950 with wholesale prices 44 to one cent higher. Eggs firm receipts 27 770, prices unchanged. Live poultry steady with receipts 1 935 coops and prices for heavy hens 23-26 cents, friers 29-31, ducklings 29, roosters 30-31. Strawberries weaker with arrivals Missouri California Michigan. Michigan crates 4.50-6.00, Indiana crates 7.00-7.50, California flats 4.00 with rough 3.00-3.50 for poorer goods.
MENTIONED IN THIS ARTICLE
U. S
F.O.B
Missouri
California
Michigan
Indiana
Girl kept from prom ends her life in Torrance
Torrance Calif June 9 AP police list suicide of 15 year old Vancille Elsine Silva a Torrance high school sophomore who overdosed on sleeping pills after her mother refused permission to attend a school prom. She had been reprimanded for cutting classes and ordered to stay home Friday night. she was found Saturday by her brother.
MENTIONED IN THIS ARTICLE
Torrance
Calif
Torrance High School
Vancille Elsine Silva
Vancille
Youthful Zoo Train Wreck Injures Twenty One People
At Buffalo Zoo a painted miniature train carrying about 69 riders including children derailed at 10 mph. Two cars overturned injuring 21 people, with 6 year old Sheryl Warren suffering a compound leg fracture. Zoo curator Joseph A Abbott said the incident occurred during Sunday crowds.
MENTIONED IN THIS ARTICLE
Buffalo
N. Y
Zoo
Sheryl Warren
Joseph A. Abbott
Berle raises $70,211 for cancer foundation
New York June 9 AP Milton Berle has raised 70,211 in pledges and checks for the Damon Runyon Memorial cancer fund during a 22 1 2 hour coast to coast television appeal carried by 47 stations on the National Broadcasting System.
MENTIONED IN THIS ARTICLE
Berle
Cancer Foundation
New York
Milton Berle
Damon Runyon
Stock Climb Slightly In Quiet Market Report
Stocks edged higher in a quiet session led by railroad shares with moderate gains. Transportation and energy issues rose while cycles, steel, and utilities held steady. U S bonds moved narrowly. James F. Cooper, son of Rev O C Cooper of Carbondale, will graduate with a Navy commission and internship at Bethesda Naval Hospital after College of Medicine in Tennessee.
MENTIONED IN THIS ARTICLE
New York
Illinois Central
Standard Oil
N. J
Kennecott Cooper
Dow Chemical
National Distillers
Philco
Johns Manville
U. S
James F. Cooper
O. C. Cooper
West Chautauqua Street
Carbondale
University of Tennessee College of Medicine
Navy
Bethseda Naval Hospital
Bethseda
Cynthia Olson refloated after running aground near Coquille River
The 329 foot lumber schooner Cynthia Olson remained onboard with 28 crew as tug crews freed her from a rocky sandbar in the Coquille river near Bandon Oregon. After ramming the bar the ship turned with the incoming tide and was pulled to safety by the coast guard cutter Bonham and tug Port of Bandon. The vessel built in 1935 and formerly named Yankee Dawn faced 40 mph winds and four foot waves. captain Anton Brix considered abandoning ship but risked only minor damage to the bottom and no injuries were reported.
MENTIONED IN THIS ARTICLE
Bandon
Ore
Cynthia Olson
Coquille River
J. E. Walstrom
Flensburg
Prussia
Oregon
Coast Guard
Ham
Anton Brix
Republican Party Formation in 1854
The U S Republican party came into existence in 1854 as a new political group. It united anti slavery factions to challenge the existing parties in American politics. The formation marked a shift in party alignment and regional influence.
MENTIONED IN THIS ARTICLE
U.S
Republican Party
40th Division Chief Says U N Can't Win
Maj. Gen. Daniel H. Hudelson, outgoing commander of the 40th division, said in Los Angeles that the United Nations cannot win the Korean War due to lack of manpower despite strong equipment. He led California's National Guard unit overseas 21 months ago and is returning home to leave the service.
MENTIONED IN THIS ARTICLE
Daniel H. Hudelson
United Nations
Korea
Los Angeles International
General Hudelson
California
National Guard
Two Drownings Reported in Centralia Area
Two men died in the Centralia vicinity last weekend with one boy missing in Lake Centralia after falling from a play boat. Eleven year old Paul Lawrence Francis of Rural Route two Salem was aboard when he disappeared Saturday. Roland Eugene Mitchell 23 of Centralia was recovered from Community Beach lake on Sunday. police linked this tragedy to a family shooting in California involving a National Guard member.
MENTIONED IN THIS ARTICLE
Centralia
Paul Lawrence Francis
Route Two
Salem
Lake Centralia
Roland Eugene Mitchell
Community Beach Lake
Mitchell
National Guard
Camp Cocke
Calif
Baby's Death Thought From Starvation in Chicago
Chicago police report a 10 week old baby died of starvation after his mother said she had not eaten in four days while attempting to breast feed. The child, Charles James Gartner, was the son of Charles Gartner, a 33 year old unemployed dishwasher, and his wife Ethel.
MENTIONED IN THIS ARTICLE
Charles James Gartner
Charles
Ethel
Brammeier Reported Wounded in Korea by FEAF HQ
Cpl Chester F. Brammeier, son of Elizabeth Brammeier of Ruck Eye Hotel Nashville, reported wounded in action in Korea by Far Eastern Army headquarters.
MENTIONED IN THIS ARTICLE
Chester F. Brammeier
Elizabeth Brammeier
Ruckeye Hotel
Nashville
Korea
Far Eastern Army Headquarters
Berle hosts fourth fundraiser for late editor’s cancer fund
A television network show concluded at 9:30 a.m. yesterday as Berle led the fourth fundraiser in support of a cancer fund named for the late newspaperman who died from cancer.
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Washington
Shirley Womick
Linda McCree
Anna
Shrine
Anna Fair Grounds
Chicago
Pete’s Shoe Shop
North 14Th Street
Herrin
Babe Ruth
Baccus Roofing & Siding Co
North Park Avenue
Tee Reet
R.C.A
Williams
Wlinsis
Morgan’s ‘Trading Post
Court Square
Murphysboro
U. N
Los Angeles
America
RB. J. Reynold
S, E. , Winstea-i
Masons
Murphysboro Lodge No. 493
A. F
A. M
Helwig, Jr
Helwig, Sr