Fed relaxes stock buying curbs signaling inflation easing
The Federal Reserve Board eased stock purchase credit by setting a 50 percent cash down payment for stock purchases after Tuesday, down from 75 percent. The move follows looser consumer credit and autos installment rules, and is framed as responding to a general easing in credit conditions amid falling employment and prices. Mariner Eccles called deflation healthy for the country, while noting the boom cannot continue indefinitely.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Marriner S. Eccles
Price Cuts Spark Wall Street Rally On Inflation Hopes
Wall Street rose as price cuts and banking officials signaled fading inflation. Kaiser-Frazer and Westinghouse boosted listings with notable model and appliance discounts while bonds gained and commodities held. Federal Reserve eased down payment rules, but Marriner Eccles warned deflation risk remains.
MENTIONED IN THIS ARTICLE
New York
U.P
Wall Street
Amphitheater High Elects Four Junior Officers
Four Amphitheater High School juniors were elected Monday as student body officers for the next school year. Keith Clawson 17 is president, Don Estes 16 vice-president, Patsy Chastain 17 secretary, and Mary Venuti 16 treasurer.
MENTIONED IN THIS ARTICLE
Amphitheater High School
George B. Brotherton
Keith Clawson
Joseph A. Clawson
W. Prince
Don Estes
Arles Estes
A. Chastain
Billito Jane
Mary Venuti
Joseph 8. Venuti
E. Navajord
Campus Radio Honorary Initiation Set for Apr 8
Alpha Epsilon Rho at University of Arizona plans an initiation banquet on Apr 8. Nine pledges include Dick Campbell Yuma Paul Yeazell Thornton Garst L L Richards James Rider Bill Rider Harlin Cook Wilma Schrader Peter Robinson. Pledges must write a 30 minute radio program.
MENTIONED IN THIS ARTICLE
Alpha Epsilon Rho
University of Arizona
Association For Education By Radio
George Morency
Dick Campbell
Yuma
Paul Yeazell
Thornton Garst
L. L. Richards
James
Bill Rider
Tucson
Harlin Cook
Phoenix
Wilma Schrader
Globe
Peter Robinson
New York City
Morency
Tucson Camera Club sets Friday meeting amid April Fools’ day
Tucson Natural History Society members may enter slides for the annual color slide show by Saturday at Nu-Art in downtown Tucson. Bruce Cole, secretary, notes the public exhibit will be April 13 in the university agriculture auditorium. The Friday meeting at 8 pm in room 112 basement of the Arizona State Museum will feature loose snap shots.
MENTIONED IN THIS ARTICLE
Tucson Natural History Society
Nu- Art
Congress St
Bruce Cole
Agriculture Auditorium
University
Tucson Camera Club
Arizona State Museum
University of Arizona
Widow of Alaska crash victim bears son in Baton Rouge
Mrs. Jim Evans, widow of a Davis-Monthan air force captain killed Dec 29 in Alaska, gave birth to a son on St Patrick’s Day in Baton Rouge Louisiana. She also has a daughter and is at her mother-in-law’s home. The family plans to move to Tucson this summer after Mrs Evans attended the University of Arizona and graduated from Tempe State College.
MENTIONED IN THIS ARTICLE
Jim Evans
Davis-Monthan
Dr Frank P Graham Sworn as U S Senator from North Carolina
Dr Frank P Graham was sworn in as senator from North Carolina, resigning as UNC president and Oak Ridge head to accept the post after the late J Melville Broughton. Gov Kerr Scott appointed him to serve until the 1950 general election. Bricker proposed a senate inquiry into Graham’s clearance for secret atomic information.
MENTIONED IN THIS ARTICLE
Washington, ‘On
Frank P. Graham
North Carolina
Graham
University of North Carolina
Oak Ridge Institute of Nuclear Studies
J. Melville Broughton
Kerr Scott
Senate
Bricker
Ohio
Golden Rule Award Goes To Tucsonian
A KCNA listener will win the Golden Rule award for neighborliness on Walter Mason’s radio program Tell Your Neighbor heard at 11 15 a m Monday to Friday. Mrs Bertha Phelan 1014 E Leest will receive a vacuum cleaner for her nomination by neighbor Mrs Margaret Delgado 1260 E Edison st. Both women will be honored locally during guest appearances on Lancheon in Tucson at 3 p m Thursday.
MENTIONED IN THIS ARTICLE
KCNA
Walter Mason
Bertha Phelan
E. Leest
Margaret Delgado
E. Edison St
Kimball Forms Facts Group for State Study
State Sen. William F. Kimball told Pima County Bar Association the interim committee of the 19th legislature will focus on statistics and efficiency for state government. He said the panel aims to improve the biennial budget and avoid sensationalism, noting current delays and a 29 month lead time. He warned against abolishing the Senate and highlighted key accomplishments like the children's colony, zoning, welfare liberalization, teacher tenure, and the state government survey committee.
MENTIONED IN THIS ARTICLE
William F. Kimball
Pima County Bar Association
Pioneer Hotel
Kimball
John A. Larson
State Hospital
Jeremiah Metzger
Whetter H. S. McCluskey
Industrial Commission
Arizona State Federation of Labor
State Highway Department
Senate
Pima County
Children’s Colony
San Carlos Reservoir 24-Hour Water Storage Update
San Carlos Reservoir reports 260,333 acre-feet available storage at 7 a.m. Monday, with a 758 acre-feet gain in the prior 24 hours. Local water authority notes stable levels and small daily increase.
MENTIONED IN THIS ARTICLE
San Carlos Reservoir
Animal Shelter For Tucson Area Planned
A Tucson Humane Society special meeting at 8 p m Wednesday at the YWCA 738 N Fifth Ave invites all interested in small animal welfare near the city. Dr J B McQuown will preside as James R Parker from Phoenix shows national association films. Jeanette Brown leads the program. Discussion covers expanding local activities and a plan to build a shelter for small animals in Greater Tucson.
MENTIONED IN THIS ARTICLE
Tucson Humane Society
YWCA
Fifth Ave
Ethel A. Hopkins
J. B. McQuown
National Association
James R. Parker
Phoenix
Jeanette Brown
Greater
Tucson
Waives Hearing In Auto Theft Case In Tucson
A 16 year old Tucson boy faced U S Commissioner Thomas H McKay on a Dyer act complaint alleging he transported a stolen 1947 Cadillac from Tucson to Nogales Sonora. He waived preliminary hearing and grand jury rights and was released on his own recognizance as he awaits a future district court appearance. Ramon Madrid Camez of Tucson was arraigned on failure to report for induction and a preliminary hearing was set for next Tuesday, with release on his own recognizance.
MENTIONED IN THIS ARTICLE
Tucson
U.S
Thomas H. McKay
FBI
Nogales
Sonora
Ramon Madrid Camez
Armed Service
Camez
Police Seek Owners For Stolen Station Equipment
Capt. Frank E. Keefe said Tuesday a water valve with hose, a tire pressure gauge and hose were brought to the city police traffic division station. The items appear to have been stolen from a service station and the department hopes to return them to the rightful owners.
MENTIONED IN THIS ARTICLE
Frank E. Keefe
City Police Traffic Division
Third Airman Is Held For Cement Theft
A third Davis Monthan airman, Sgt Woodrow Franklin Hurst, is charged with aiding Lt Casper S Butcher and Sgt William F Cassell in stealing 1050 sacks of cement from an airbase warehouse. Hurst appeared before U S Commissioner Thomas H McKay with a preliminary hearing set for 1:30 p m. Bond set at 500 dollars. Butcher and Cassell remain in military custody awaiting trial.
MENTIONED IN THIS ARTICLE
Davis-Monthan
Woodrow Franklin Hurst
U.S
Thomas H. McKay
Hurst
Casper S. Butcher
William F. Cassell
Butcher
Sgt
Cassell
Victor Clyde Shaver
Willcox
U. S
Shaver
Set. Hurst
McKay
Sgt. Cassell
Bicycle fall injures Jose Valenzuela in Pasco Village
Jose Valenzuela of Pasco Village was treated for a broken nose and facial cuts at the county hospital after a bicycle fall Monday night. He reportedly rode over a 2 foot curb on West Congress Street near the Southern Pacific tracks and struck his head and face.
MENTIONED IN THIS ARTICLE
Jose Valenzuela
Pascua Village
Valenzuela
West Congress Street
Southern Pacific
Also Mentioned on This Page
Kaiser- Frazer
Marriner ‘S. Eccles
Reserve Board
Westinghouse
Gibson Refrigerator Co
Electric Storage Battery Co
Willard Storage Battery Co
Pittsburgh
Jones and Laughlin Steel Corp
Philadelphia
Indiana
Evans Woolen Jr
American Bankers Association
St. Louis
Amphi High
Campus Radio
Eastburn
S ‘T
Orchid
Heisey
Grandona’s
Hina Crystal Girls
Airman
Alaska
Frank Graham
U. S. Senate
Broadway Village Drug Store
Prescription Pharmacists
Country Club
By Alvin Bring
John Haywood
Sen. Kimball
Beauty Shop
Animal Shelter For
Tucson Area
Pueblo
22Nd St
St. Cherry Avenue
Toro
Homelawn
Briggs-Stratton
Toro Homelawn Power Mower
Parker ‘Springfield
Tedey
Pennington
Dial
Redwood
Catalina Furniture Co
N.campbell
Jacome's
Jacome
Martex
Bath
Lancaster
Thrifties
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