Bank Reserve Cut Affects U S Lending Window
The Federal Reserve Board ordered a reserve requirements cut to boost loan funds as part of a broader move to ease credit. Analysts expect business borrowing to rise but note the government run deficit may reach about 3.9 billion dollars this fiscal year ending next June. The cut follows a string of similar actions this year aimed at freeing more credit and supporting investment.
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Federal Reserve Board
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Nudists' Club Opens Amid Tough Checks and Haste
Denver feature reports that joining a Nudist group requires a thorough past check and committee approval. National Sunbathers Association president John Garrison notes callers range from jokers to sincere seekers. Officials stress health benefits amid skeptical bankers and a sun camp near a southwestern site.
Mother Wins Tube Baby Custody Divorce in Court
Oklahoma City report says Mrs. Strnad won custody of six year old Antoinette and a final divorce from Antoine Strnad after a four year battle. She testified to artificial insemination and a long custody dispute that stretched from New York to Europe, with time spent in Prague before reunification.
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Red Radio Urges Tito Be Erased in Broadcast
A World War era radio broadcast urged the liquidation of Tito and called for action against Yugoslavia. The Moscow radio reported underground activity and expelled leadership within the Cominform alliance, signaling heightened Cold War tensions and regional instability.
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Red Radio
Tito
Eye Twitch Clue in Robbery at T C Check Cashing
New York police pursue a banknote heist at 159 Christopher Street as three robbers escape with 3000 dollars. A clue centers on a twitching eye reportedly seen by witnesses, with a chaotic aftermath described in fragmented text.
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New York
Chrstophes St
Ex Bootspeedup on Army deal links to White House aide
Senate inquiry widens into contract fixing after ex bootblack Maragon gained a White House appointment to help two Detroit auto parts firms speed a $290000 Army contract. Mundt said the firms sought quick government approval and that five percenters probe explores whether commissions influenced officials. Subcommittee plans public hearings Monday as witnesses testifying behind closed doors described efforts to expedite the deal.
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Chinese Industry To Be Moved To Inner China
Sim Wan Jih Pao reports three Shanghai factories will be moved inland as part of a Communist plan to reduce Shanghai's industry and population to lessen dependence on foreign trade. The Singho Texte Mul with 30000 workers will relocate to North China, along with Liseng Machine Factory expanding to 20,000 machines a month. The Universal and Cheriet Factory will move part of its machinery to Tianjin.
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MacArthur and Hirohito Exchange Salutations in Sealed Talks
Reports describe tightly guarded meetings between Japan’s sovereign Hirohito and Gen. Douglas MacArthur. Hirohito reportedly calls MacArthur “Gen.”, the Japanese marshal term, while MacArthur uses “Majesty.” Three years ago the dynamic differed with Hirohito addressed as “Sir.” The conversations remain largely secret and one former official now works as an engineer salesman.
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Fitzpatrick's Plane Runs into Trouble
Fitzpatrick spent a week at an isolated fishing camp near Lake Baptiste, Que, and flew back with a friend who picked him up Wednesday in a two engine airplane. He faced trouble during the return flight as reported by Democratic State Chairman Parly F. Fitzpatrick.
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Lila Leeds Pays Fine and Suspended Sentence
Actress Lila Leeds paid a fine for drinking and received a suspended twelve day sentence. Judge Charles Griffin commented on the case as Seattle authorities sought to clear up disturbances while vowing to enforce public order.
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Jail for Gold Star Mother Is Protested
SALT LAKE CITY Protests over imprisonment of a Gold Star mother are mounting against the governor. Breethe W Capps of Bounurel Utah refused to obey a court order to turn over insurance money from her son Jacob L Capps to a trust fund for his three children. She was sentenced to 30 days for contempt after defying the order. Telegrams urging intervention arrive at Gov J Bracken Lee s office and a possible reprieve faces questions from the state supreme court. Veterans Administration in Washington had stopped benefit payments to Capps from her son’s policy.
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Veto Seen For Gas Bill in Heated House Vote
Washington dispatch reports a heated House debate on a natural gas bill. After a fierce contest the measure passed 118 to 13 in the Commerce Committee, facing uncertain Senate fate. Proponents argue it shields independent gas producers from federal control while critics warn of higher rates. opponents allege oil company influence. A separate item notes a fatal horse incident near Morris involving a wagon.
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Belgium in Deadlock Over Leopold Return Referendum
Brussels reports a four hour party conference failed to form a coalition as King Leopold III signals a possible referendum on his return. Socialists and Liberals clash over a government stance while observers consider dissolving Parliament and calling new elections within 40 days.
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Arrests Near In Gem Case In Aga Khan Heist
Unofficial reports claim several arrests will follow the $600000 raid on the Aga Khan and his wife in Nice France. Police caution and ongoing inquiries focus on four masked robbers linked to the crime. The driver for the Aga Khan’s car identified several suspects from a rogues gallery as investigators track movements before and after the holdup. Detected activity increases as Cannes judiciary police chief steps in with national agency support. Detectives question Aga Khan household staff about possible connections to the departure of the party.
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Black man jailed for forgeries amid racially charged report
Miami report says a 23 year old Black man unable to read or write admitted obtaining and cashing forged checks by telling merchants he could not read. In Alabama, two self styled Black Ku Klux members were jailed after pleading guilty to anti-masking law violations. Raymond McClendon, 20, faces trial as others linked to their self styled group were convicted. Mayor Douglas Brown sentenced one man to six months on a related charge.
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Foreign Aid Bill Set for O.K. Monday
The Senate contemplates passing a foreign aid bill Monday after sharp debate over an amendment by Senator Kem to bar recovery aid to nations nationalizing basic industries. Leaders expect approval after brushing aside the Kem proposal, with $3.63 billion for the Economic Cooperation Administration through July 1350 and funds for ECA loans, operations, occupation costs, Turkey aid, and a Congressional watchdog staff. The measure faces a conference with the House to resolve differences while a related amendment directs Hoffman to reopen talks with Britain and France on dismantling German industrial plants.
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U S Accidents Surpass Atomic War Deaths in Four Years
Chicago report quotes Ned H. Dearborn of the National Safety Council saying American accident deaths reached about 400000 in the four years since the atomic era began. He argues many were caused by prewar, banal mishaps, not new weapons, and suggests world rates could reach 6,000,000 if global figures match the U S toll.
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Pact to Open New York International Airport Boom
Governor Dewey ends a 22 hour session with five major airlines and the Port Authority to settle a two year dispute over leases and landing fees at New York International Airport. The agreement allows resumed use while maintaining higher light fees, ending a standoff that left planes off the runway and the airport in the red.
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Franco Reported Dunked by Fish on Yacht Sain Sebastian
Saurud Spain CP reports General Francisco Franco was pulled overboard by a seven foot tarpon while aboard his new yacht off the San Sebastian coast during a storm. He was rescued by the crew and shouled aboard without injury.
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H Dary
Georgians Deny Liquor Scandal in State Fight
Atlanta reports flare in liquor probe as Governor Herman Talmadge refutes charges of a wholesale tax paid liquor scheme in dry counties. The clash centers on Thompson faction plots with Ex-Governor Thompson and aides. inquiry plans were announced, naming a Special Deputy AG to work with Fulton County.
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Bronx youths uncover 7 million fake stamps link to counterfeiting ring
A Bronx lot yielded seven million counterfeit three cent stamps hidden in six punches found by youths near the Bronx River. Secret Service linked the stamps to a wider ring led by Michael Matone, East Coast organizer of a large counterfeiting operation. Matone, 38, held on $50,000 bail for grand jury action as authorities say the arrest delivers a crushing blow to nationwide counterfeiting.
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Albany Clue Links Unidentified Victim to Local Suspect
Police traced an unidentified man found strangled in Troy to Albany after a laundry mark tied to an Albany laundry was linked to a man named Chas Doyle believed to be a saddler about 77. Doyle reportedly wore three missing teeth. The coroner ruled the death a strangling and the body was buried.
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Open Neck Shirts Stir London Fashion Mag Warped
The editor of Tailor and Cutter slams Princess Margaret for wearing open neck shirts in a sharp, satirical piece. He questions royal decorum and mocks the idea of a prince charming with similar style. The piece sparks rapid controversy among fashion readers and royal watchers.
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Tailor and Cutter
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