Fed moves to align credit rules with new defenses act
The Federal Reserve Board issued an amendment to consumer credit regulations to lengthen maximum financing terms for autos appliances radios and furniture from 16 to 18 months and for home improvements from 30 to 36 months. Down payments on household appliances and televisions drop from 45 to 15 percent. The tweak is effective immediately and accompanies President Truman’s signing of the controls act.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Truman
Automobile down payment terms update
The article states that payment options include cash trade-in or a combination, with 18 percent down required for repairs and improvements, and that the down payment on automobiles remains at one third.
Hog Massacre: 31 Hogs Killed by Dogs at Pennington Farm
On a St. Janea farm, William Pennington reported 31 purebred hogs dead after a pack of roaming dogs chased and exhausted them. Twelve hogs escaped through a gate. losses are estimated at $1400. Local dogs were investigated but not implicated. deputy urged removal of stray dogs.
MENTIONED IN THIS ARTICLE
William Pennington
St. Janea
St. James
Lelster Tsanogle
Tsanogle
Pennington
US troops in Europe projected at 344000 by next year
General J Lawton Collins told senators that the United States will have about 344000 troops in Europe one year from now, about 56000 fewer than Secretary Marshall’s prior estimate. A pipeline links Sakhalin oilfields to the Siberian mainland in the report.
MENTIONED IN THIS ARTICLE
Washington
J. Lawton Collins
United States
Europe
Defense Marshall
Meeting Called On C. O. Canal Parkway Plan
Local officials invited to a September 7 Bedford Springs meeting to discuss the proposed C and O Canal Parkway. The Interstate Commission on the Potomac River Basin will review its advisory wildlife and recreation committee program and its broadened future agenda.
MENTIONED IN THIS ARTICLE
Bedford Springs
Interstate Commission On the
Potomac River Basin
Wildlife and Recreation Committee
Commission
Violin Virtuoso Menuhin Began Solo Career Young
Violinist Yehudi Menuhin, famed as a prodigy, debuted as a soloist with the San Francisco Symphony at age five. An etymology note adds Ohio as an Iroquois word meaning great.
MENTIONED IN THIS ARTICLE
Yehudi Menuhin
San Francisco Symphony Orchestra
Ohio
Former Showgirl Marion Corbett Faces Theft Charge
Former showgirl Marion Corbett leaves New York City police headquarters held on bail of $1,000 on a charge of possessing stolen goods. She is accused of taking $2,900 from Maureen Haver a 17 year old, who allegedly secreted the money under her mother’s bed mattress.
MENTIONED IN THIS ARTICLE
Marion Corbett
J. Richard
Dixie) Davis
Dutch Schultz
New York City
Hall
Maureen Haver
Snapping Turtles Meet Their Fate in Williamsport
Night watchman Ernest O Connell found a group of snapping turtles in the mud near a Williamsport factory. He captured them and displayed the creatures in Williamsport square, noting the largest weighed 32 pounds.
MENTIONED IN THIS ARTICLE
Williamsport
Ernest O'Connell
McKeldin Seeks State Cabinet for Policy Advice
Maryland Governor McKeldin, frustrated with advice gaps, asks Simon Sobeloff to study creating an advisory group or cabinet. He says a governor needs an in-house staff and a dedicated adviser to shape policy, with potential legislation and possible public referendum. The issue echoes past advisory councils and current legislative hurdles.
MENTIONED IN THIS ARTICLE
Annapolis
Maryland
McKeldin
MccKeldin
Sian
Alatanis
Simon B. Sobelot
Commission On
Sobeloff
Baltimore
Soheloff
McKaldin
Local Boy Wins Model Car Prize in State Honors
Kenneth Jensen of 317 West Side Avenue won state honors in the Fisher Body Craftsman's Guild senior division. He receives 360 for his prize as judging concluded after three weeks in Devolt yesterday. Malcolm B. Campbell of Rimereburg, Pa. was regional senior division winner.
MENTIONED IN THIS ARTICLE
Kenneth Jensen
West Side Avenue
Thaa
Atate
Fisher Body
Craftsman's Guild
Devolt
Malcolm B. Campbell
Rimereburg
Campbell to Enter National Analy After Regional Result
The report notes Campbell’s qualification for the national event following a regional result, with Maryland and Pennsylvania among the states affected. Details emphasize the pathway and potential outcome for Campbell at the national level.
MENTIONED IN THIS ARTICLE
Maryland
Pennsylvania
Campbell
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