Speculators Find Banks More Wary
In Des Moines and across the Midwest bankers tighten credit as money grows tighter under the Federal Reserve policy. Established borrowers with solid records still receive loans but rates rise, while marginal farmers and speculative home builders report growing difficulties. Bankers cite falling bond prices and reduced funds for lending, though many say only shaky borrowers are being turned away.
MENTIONED IN THIS ARTICLE
Des Moines
Federal Reserve Board
Federal Reserve
U.S
Towa
Department of Banking
Extend GI Loans urged to avert inflationary home boom
Miles D. Kennedy of the American Legion told a Senate panel that a three year extension of the World War II GI Loan Program is needed to prevent an inflationary surge in home buying. The program expires July 25, 1957, unless extended. the Senate approved a one year extension, while the House has not acted.
MENTIONED IN THIS ARTICLE
Washington
American Legion
Congress
Miles D. Kennedy
Legion
National Legislative
Senate Labor
Senate
House
Behan denies BBC on TV interview claim
Irish playwright Brendan Behan says the BBC erred in saying he had a couple of drinks before a TV interview. He admits he drank a bottle of good Irish whisky and calls the experience awful, adding I’m sorry.
MENTIONED IN THIS ARTICLE
London
Brendan Behan
British Broadcasting Corp
Nurse Heads USWV Unit in Concord North Carolina
Mrs. Alice Perry of Wingate was installed yesterday as head of the North Carolina department of the United Spanish War Veterans. She is an Army nurse who served in the Spanish American War.
MENTIONED IN THIS ARTICLE
North Carolina
Mahoney Attacks Harriman Over State Affairs
Walter J. Mahoney Republican leader in the Senate says Gov Harriman knows little and cares less about New York state affairs. He accuses Harriman of parasitic credit grabbing and of spending much time away from Albany while courting convention votes.
MENTIONED IN THIS ARTICLE
Cooperstown
Walter J. Mahoney
Senate
Harriman
Mahoney
State Federation of Women’s Republican Clubs
Executive
Albany
Judges Warn of Summer Vacations Amid Courtroom Strain
Chicago officials report eight U S District Court judges plan summer absences, sparking concerns over courtroom coverage. John P Barnes, spokesman for the court, says vacations were arranged months in advance and air conditioning issues add to the strain.
MENTIONED IN THIS ARTICLE
Chicago
John P. Barnes
Also Mentioned on This Page
By Sam Dawson
It Collins
Collins
Holland House
Manhattan
Bronx
Droge and
Dept. Stores
Bach
Milwaukee
Concord, N.C
Allen Weaving
Paramount Theater
Bridgeport
Lakeport
Canastota
Oneida Lake
Chittenango Station
Fyler Settlement
Niagara
Quart
New York
New Jersey
Connecticut
Continental Distilling Corporation
Philadelphia
Chevrolet
G.V.W
Chevrolet Task-Force
Bresee Chevrolet Co., Inc
Willow St
Salina Chevrolet Co., Inc
East Syracuse Sales Co
Fayetteville
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