Margin Requirement Cut By Federal Reserve Board
The Federal Reserve Board cut the cash down payment on stock purchases from 75 to 50 percent effective tomorrow, easing a policy in place since 1947. The move, urged by dealers and the New York Stock Exchange chief, aims to lift sluggish markets, signaling a view inflation no longer dominates the economy.
MENTIONED IN THIS ARTICLE
UH — Tes Foderal Reserve Board
Fective
New York Stock
Yahange
Eaaill Schram
Reserve Board
Congress
Pear
Telephone Electrocution Claims Jay Woman Life
Mrs. Harvey Ward, 2, of Jay, was killed by an electric shock when the telephone rang early at her home. State Police said a downed power line carrying about 2300 volts touched the phone, and Ward, alarmed by sparking, stood near a metal heater under the phone. The county coroner prepared an accidental death verdict.
MENTIONED IN THIS ARTICLE
Jay
Harvey Ward
Ward
Ward Sumter Co
Tod
Mate
Joseph A. Gots
Johnson Sworn In Promises United Armed Forces
Louis Johnson was sworn in as Secretary of Defense at the Pentagon ceremony attended by 16,000 spectators. He pledged to make America secure and to keep the Army Navy and Air Force united in service, while condemning aggression and emphasizing peace with strength.
MENTIONED IN THIS ARTICLE
Washington
Louis Johnson
America
Army
Navy
Air Force
Liveacre
Pentagon
James ¥. Forrestal
Johnens
Clarksburg
Jon
Vingce
Fred M. Vinson
U. S. Supreme Court
Johnson
Congress
Truman
Congremenen
Royal
Mavy
Sullivan
Air
Symington
Omar Bradisy
Louis Denfeld
Naval Operations
Hoyt Vandenberg
Matt
Forrestal
Armed Services Unification Act
Eisenhower Seeks Aid on Midwest Front in Key West Stop
General Dwight D. Eisenhower arrives in Key West seeking aid from allies to shore up military support after facing strain over a 15 day delay in securing essential provisions. He stresses urgent aid to stabilize operations and maintain momentum against adversaries.
MENTIONED IN THIS ARTICLE
Dwight D. Kieenhower
Forrestal Receives Distinguished Service Medal in White House ceremony
President Truman awarded James V. Forrestal the Distinguished Service Medal in a surprise White House ceremony. The citation praised his role in advancing national security, while Forrestal called the honor surprising and the President remarked that he deserved it. Cabinet members and service chiefs witnessed the event.
MENTIONED IN THIS ARTICLE
Washington LP
James V. Forrrestal
Truman
Defense Forrestal
Forrestal
Jim
Cablert
Tee
Army
Navy
Air Force
Peace Conference delegates to tour U S cities
Foreign delegates from the World Peace conference plan a nationwide tour of American cities. The organizing committee aims to visit as many cities as possible and relay meeting results to President Truman and U S officials. Russian delegates including Daitri Shostakovich are among those scheduled to tour.
MENTIONED IN THIS ARTICLE
New York
Comitttes
Ciiies
Truman
U. S&s
Daitri Shostakovich
State Department
National Council of the Arts, Sciences and Professions
United Nations
Ube
United States
Britain Implements Meat Ration Cut Amid Delivery Delays
Britain announces a meat ration cut effective yesterday. The new limit is ten pence worth per person per week, reduced to eight pence, with two parcels of canned corned beef provided. Government cites Argentina's failed deliveries under the trade agreement as the reason.
MENTIONED IN THIS ARTICLE
Britain
Juan Pwron
Argentas
Woman and granddaughter killed in separate crashes
A woman and her 14 year old granddaughter died in separate wrecks. Jean Welock a Booneville High School sophomore was killed when a cattle truck struck the car she rode in at a railroad crossing. The grandmother Mrs Storms died crossing tracks nearby in a second accident.
MENTIONED IN THIS ARTICLE
Cuca
Jean Welock
Booneville High School
Boonevila
Schuyler
Cormete
Bowie C. Storms
Pete
Henry Ford Signals Possible Price Reductions
Henry Ford, president of the Ford Motor Co., hinted that prices may drop as material costs decline. He stressed no consumer tax breaks and noted the potential for cheaper cars while outlining benefits to buyers and overall market improvements.
MENTIONED IN THIS ARTICLE
Borton
Henry Ford
Ford Motor Co
Ford
Benton
Hartward
Budines
Ford Ted
Sforza Arrives to Sign Western Defense Treaty
Italy's Foreign Minister Carlo Sforza arrived in the United States to join Western nations in shaping a defense treaty. He landed in New York, the first of 11 foreign officials expected to participate in the accord negotiations.
MENTIONED IN THIS ARTICLE
Washington
Italy
Carlo Sforzn
United Maton
Forge
New York
Canada’s Pact Support Moves Through Commons Vote
Ottawa reports the House of Commons approves the North Atlantic treaty by a large margin as Canada backs the American backed security pact. Sforza arrives in Washington and schedules a State Department meeting with Acheson amid talks on Italy trusteeship of African colonies.
MENTIONED IN THIS ARTICLE
Canada
Ottawa
House of Commons
Washington
Sforza
State Department
Acheson
Italy
Babich Denied Bail In Slaving Girl Murder Case
Milwaukee court denies Milton Babich bail on first degree murder charges connected to the death of a young woman. The 17 year old sister of the victim pleaded in court as officers escorted him back to jail. Judges cited the seriousness of the crime and possible penalties under Wisconsin law.
MENTIONED IN THIS ARTICLE
Milwaukee
Milton Babich
Atrod
Patnca
Birmingham
bin 'Gide
Kathleen
Patricia
Milt
Matt
Badsch
Waa
Dana Sullivan
Ponty
S Ite
Milton
Haney L. Nevien Tie
William J. McCauley
Wisconsin
Onix
Supreme Court
Reluctant Witnesses Jailed in Red Probe Case
Nine witnesses refused to answer questions before a federal grand jury probing Communist activity. Judge Piercon M Hall jailed Samco H Kasieows2 Henry Steinberg Ben Dobta for about one year. Six others were ordered detained while questions continue. Names include Irving Cares Mere Brodsky Rotert Badr Promp Bek Frank Qpecter Moz Liinda Doras.
MENTIONED IN THIS ARTICLE
Ros Angeles
Irving Cares
Mere Brodsky
Rotert Badr
Promp Bek Frank
Qpecter
Moz. Liidea Doras
Cost Of Arming Europe Studied
Washington President Truman assigned budget experts to work on a large program to arm Western Europe as a bulwark against communism. The plan, tied to the North Atlantic treaty, could request up to about 31.5 billion dollars with potential auxiliary aid to friendly nations possibly reaching 5 billion. Senator Jenner criticized military aid and the pact as risking US bankruptcy, urging restraint.
MENTIONED IN THIS ARTICLE
Washington
Truman
Europe
Congress
Apra
Capitol Hill
Jenner R-Ind
Fair Income Provision Faces Fight in Senate and House
A compromise extending rent controls faces trouble as the Senate and House negotiate a term to fix rents at a level yielding landlords fair net operating income. The bill, backed by Maybank and Sparkman, must pass both chambers before sending to President Truman.
MENTIONED IN THIS ARTICLE
Washington LLP
Senate House
Senate
Cade
Senkis
House
Truman
Jevel
Iscome
Belatora Fergusos
K.mich
Taft
R-obio
la Mann
Benatore Maybark
D. C
Dnd Sparkman
Ala
Bricker
Robio
Sandier
Joint Committee For Revision
Miners End Two-Week Shutdown Boost Mining Output
The United Mine Workers stoppage east of the Mississippi ends with 463000 UMW coal miners returning to work. Production nears normal as many mines resume at reduced scales. Wage figures and railroad recall plans surface amid the shutdown’s end.
MENTIONED IN THIS ARTICLE
Pittsburgh
U.M.W
Mississippi
John L. Lewis
James Boyd
UB. Bureau of Mines
Lewis
Boyd
Mines Bureau
Western Pennsylvania Coal Operators Association
Pennsylvania State Anthracite Committee
Womton
Flonda
Norfolk
House Group OKs Huge Power Fund
The House Appropriations Committee endorses a large federal power program wrapped into the Interior Department bill for the new fiscal year starting July 1. It expands generation and transmission facilities in government projects in the west, north, and southwest, with a 15 percent cut in general construction and a potential for additional funding if costs drop.
MENTIONED IN THIS ARTICLE
Washington i
House Appropriations Committee
Interior Department
Jensen
Brown
Jensen Reid
Sre
Truman
Ltmas
Israel Bars Communists From Top Committees
Parliament refused to grant four Communist members seats on key foreign affairs and security committees. Communists held four of the parliamentary seats and sought representation to shape policy toward Western Europe, a move rejected by the house.
MENTIONED IN THIS ARTICLE
Israel
Comeitiens
Europe
Body Found In Canal Newark After Missing Havers
The body of Iomac Havers, 68, missing since Saturday, was recovered yesterday from the Barge Camel in Newark. Wayne County coroner Arther Beamer ruled accidental death by drowning after two coroners’ tests.
MENTIONED IN THIS ARTICLE
Newark
Iomac Havers
Arther Beamer
Wayne County
Assembly Group Backs Democrat In Fight For Assembly Seat
The judiciary committee voted to recommend no action to unseat Democrat Jeremiah J. Ashcroft of Utica after reviewing a subcommittee report on alleged irregularities in Utica. The probe stems from fraud claims from a 1998 Utica relay matter and related indictments in Oneida County.
MENTIONED IN THIS ARTICLE
Assembly Group
Albany
Asmenetty Jediciary
Yee Lesday
Democratic Assembly
Jeremiah J. Ashcroft
Utica
Harry Reaux
Abi Egee Voung
Aneeceibis
Renus
Judiciary
Potinittie
Assembly
Richard RB. Griffth
Oneida County
Reese Srr
Tors
Drety
Marten C. Fefiet
Yreter- Sav
la Boperier Coert
Porte
Sagal
Priesa
Dewey Plans To Continue Rent Controls
Governor Dewey indicated he would oppose federal rent control provisions and would keep New York residential rent controls unless there is clear proof they are unnecessary or undesirable. A conference committee finished a bill allowing states to lift controls if authorized by their legislatures.
MENTIONED IN THIS ARTICLE
Albany GF
Dewey
New York
Senate
House Conference Committee
Yeatarday
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Mapepl VH
Voice OF the Record
Momngon
James V. Forregg
Laula B. Johnson
Bupramel
Harold R. Corietoffel
Milwaukee D.S
Christoffel
Homme Labor Committee
Paenhald Eisler
Un-American Activities Committee
Eisler
Hens
Eistler
Justice Department
Eisser
House Committee
Mobie
High Court
Weenieven
Reed
Eisenhower
Peace Rally
U. S
Dean Rusk
France
United Nations Assembly
Rusk
Cyrenaica
Libya
Ethiopia
Paris
Rome
Ivaland
Babich
Jenner
McMahon
House Group OK
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