Federal Reserve Board Cuts Interest Rates For Banks
Washington dispatch reports the Federal Reserve Board and the Deposit Insurance Corporation cutting the maximum interest on time deposits to 2.5 percent from 3 percent, effective February 1. The move aims to ease borrowing costs, spur investment, and support the broader administration recovery drive. The action signals a closer tie between the government and the independent reserve system. Make the most of every cent in every one of your dollars buy the Classified way.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Posit Insurance Corporation
Egerve Board
Insurance Corporation
Reserve Board
Marriner Eccles
Bible School at New Salem Dedicated in Undenominational Service
The undenominational Bible school at New Salem near this city was dedicated with a large crowd attending. The program featured about 75 pupils, several Scripture readings, and songs. Teachers include Pauline Welty Ellen Welty Thelma Welty Helen Dorman and C F Dorman with Frank Welty assisting. Donations totaling 156 75 were announced.
MENTIONED IN THIS ARTICLE
New Salem
C. F. Dorman
Frank Welty
Hagerstown
Dorman
Weinberg
R. Paul Smith
Mr. Weinberg
Henry Weinberg
Helen Dorman
F. H. Snavely
Mr. Lowell
Joel Cook
Henry's Theatre
Paul Palmer
Pauline Welty
Ellen Welty
Thelma Welty
Noted Woman Flier to Address Lions Club Luncheon
Mrs. Phoebe Omlie of Washington D C will speak at the local Lions Club luncheon at Hamilton Hotel weather permitting an escort of three Army planes may accompany her from Bolling Field She will discuss National Aviation Day and share experiences from trans continental races endurance flights She is a special assistant for air intelligence at the National Advisory Committee on Aeronautics in the Commerce Department Army fliers will be guests and fly her plane Reservations are required at Hamilton Hotel today John H Howard leads the program
MENTIONED IN THIS ARTICLE
Omlie
Bolling Field
Kreider- Reisner Aircraft Co
Chamber of Commerce
Rotary
Kiwanis
Monarch
Zonta
Hamilton Hotel
John H. Howard
Five Hurt In Head On Crash Near South Mountain
Five people injured in a head on collision on the National Highway near South Mountain last night about 7 pm. Four were seriously hurt and rushed to Washington County Hospital. Victims include Carl Lushbaugh and Fred Lushbaugh of Carrollton Avenue, Alvyey Little Jr of Boonsboro, Robert Byler of this city, and Alise Zeigler of Myersville. Corporal N G Falkenstine of the Maryland State Police investigated.
MENTIONED IN THIS ARTICLE
South Mountain
Washington County
Carl Lushbaugh
Carrollton Avenue
Fred Lushbaugh
Alvyey Little, Jr
Boonsboro
Robert Byler
This City
Alise Zeigler
Myersville
Charles McNight
McNight
Miss Zeigler
N. G. Falkenstine
Maryland State Police
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Federal Reserve Group
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WILE
Fisher
General Motors
Flint
Mich
G.M.A.C
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Bible School
Flourishing Church School
Boston
New Haven
Providence
Philadelphia
Ls. Pallada
Broad St. Sin
Conault
Pennsylvania Railroad
Phoebe Omlie
Lions Club
Washington, D. C
Hotel Hamilton
State Road
Miller’s
South Potomac St
SUN Maid
O. K
Ivory
Rajah
NUCOA
Gibbs Beans
Bitters
Iona Tomato Puree
Tna
Lucky Strike Cartor
Crisco
Bordens
Nino Borden
Pillsbury’s Best
Sunnyfield
White House
American Medical Association Committee On Foods
Avtans
Pint
Mette
Yukon Club
Gingerale
del May
Ann
A. & P. Grape Juice . Pt
Dixie
Pillsbury
Ibs
Texas
W. Washington St
Call Tristate Electrical Supply Co., Inc
Moskin’s
Petowhe
A. & P. Quality Meats
Petemac St
Chuck
Phila
Scrapple