Federal Reserve Lowers Margin Requirements on Stocks
The Federal Reserve Board cut stock margin requirements from 70 to 50 percent effective today, aiming to inject liquidity. The move followed weaker December personal income and industrial output data, with mixed reactions from Wall Street and officials declining to forecast broader effects.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Washington
Keith Funston
New York Stock Exchange
Funston
Pacific Coast Stock Exchange
San Francisco
Reserve Board
Federal Reserve
Senate Forecast for Air Force Construction Bill Heads to Senate
The House-passed emergency Air Force construction bill, providing 549.67 million dollars, cleared a unanimous 347-0 vote and moves to the Senate. It funds a third base for intercontinental missiles, bomber dispersal, a missile warning system, and other works as hearings are planned.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Stennis
D-Miss
Senate Armed Services
House Defense Appropriations
Air Force
Two Get Nursing Scholarships
Barbara Childs and Marguerite Moore received scholarships to Winchester Memorial Hospital Nurses' School from the Womens Club of Clarke County. The awards announced by Education Chairman Mrs. J. C. Huffman cite full expenses for the three year course. Childs, 17, and Moore, 18, are Clarke County High School seniors and recipients of aid covering tuition and living costs.
MENTIONED IN THIS ARTICLE
Berryville
Barbara Childs
Marguerite Moore
Winchester Memorial Hospital
Womans Club
Clarke County
J. C. Huffman
Miss Childs
H. F. Childs
Miss Moore
Alva C. Moore
Rt. 2
Bluemont
Clarke County High School
William L. Boyce
Congress Hurries to Fund ARPA and Define McElroy Authority
Lawmakers adopt a hastily drafted amendment to grant Secretary of Defense McElroy authority to establish the Advanced Research Projects Agency. A 10 million dollar funding bill would back the agency. Investigations continue in both chambers as the House Armed Services Committee questions McElroy and missile experts behind closed doors. The Senate Preparedness subcommittee aims to wrap missile hearings next week.
MENTIONED IN THIS ARTICLE
Secretary of
Defense McElroy
Advanced Research Projects Agency
House Armed Services Committee
McElroy
Senate Preparedness Subcommittee
Objections to World Calendar Uniformity Draws Religious Criticism
Some object to the proposed World Calendar citing uniform weeks. Critics argue holidays fall on the same weekday each year and, in leap years, more than six days would intervene between successive Sabbaths. Birthday dates would shift since March May August and December would lack 31 days.
MENTIONED IN THIS ARTICLE
Commerce Department
High Court Reviews Virginia Bond Issue Property Vote Law
The Virginia Supreme Court of Appeals heard a challenge to a 1956 law that lets counties with a county manager form require property owners to vote on bond issues. Arlington argues the statute is constitutional. opponents say it conflicts with state voting rules. Two Arlington County bond issues await the decision.
MENTIONED IN THIS ARTICLE
Richmond
State Supreme Court of Appeals
Arlington Electoral Board
Virginia
General Assembly
Arlington Commonwealth
Electoral Board
Arlington County
Kernstown News Briefs Highlight Local Illnesses and Visits
Local notes report illnesses and recoveries including Jesse Him elright confined at home and Mrs EB Bloom returning from Winchester Memorial Hospital. Many residents travel between Kernstown, Winchester, and nearby towns for family visits, church events, and social gatherings. Pfc Stotler heads to Los Angeles for 18 months of duty in Japan. others host relatives and attend meetings at Kernstown Methodist Church.
MENTIONED IN THIS ARTICLE
Roy Walker, Jr
Winchester Memorial Hospital
Charlies Barton
Hobart
Ind
Albert Harrigan
Debbie
Stacy Lee
EB. L. Bloom
Gary Jenkins
J. R. Nichols
Alexandria
David Lee Ruffner
Carolyn Ann
Plainfield Heights
James C. Gordon
Pfc
Donald L. Stotler
Washington
Pfc. Stotler
Los Angeles
Calif
Japan
Stotler
Linden Vann
Bennie Bruce
Front Roya
Bruce
Loring Ritter
Kenneth H. Hooey
Fairfax
C. W. Ritter
Garner Edmonds
Winchester
Robert Bord
Theaters New Musical Planned for Broadway Debut
New York reports a new Broadway musical planned for next fall based on the George W. Campbell story Cry For Happy with Burton Lane likely composing the score. The project aims to expand the open stage movement and theater design literature while a separate guide analyzes proscenium theater acoustics and walls.
MENTIONED IN THIS ARTICLE
New York
Greater
American National Theater and Academy
Board of Standards
Sheakespeare
George W. Campbell
Burton Lane
Please Start Feeding the Birds
Feed birds now with regular offerings to sustain many species through the winter. Consistent food helps wildlife survive harsher conditions and supports local ecosystems during cold months.
Also Mentioned on This Page
Rhodes
Ernest B. Vaccaro
High Court
Arlington
Kenneth C. Patty
Leggett
Leggett’s
Kernstown
Jesse Himelright
Les Barton
John Cammer
Roy Ritter
Baltimore
David E. Cook
Crag and Sonja
Martinsburg
Robert Boyd
Opequon Memorial Presbyterian Church
Donald Lone
William Claytor
Melvin Davis
Davis
Ross DeHaven
Middletown
James W. Jenkins
Gary, Delmer
Paul
Jenkins
George W. Glaize
Vernon Ridings
Stephens City
Charles Hardy Grim
Hershey's
Benjamin Franklin
Shenandoah Valley National Bank
Old — Strong Bank
Member
Federal Deposit Insurance Corporation
Fender
Pontiac
D. E. Inscoe
North Carolina
Gerrard St
Valley Ave
Sealy
Cain Furniture Store
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!