The Cuero Record (Cuero, Tex.), Vol. 69, No. 294, Ed. 1 Thursday, December 12, 1957 Page: 3 of 10
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Interest rhurgn Interest J*»t the tame
* tVlr ^ wf*thcr **** ** bu*ineM H j
Otttr Soarece «l AM—
ooSumn Many investors who read this
he long column noted how the stock mar-
» custo* ket jumped up when the Feder-
v*» In at rate was reduced. When, how*
freur So- ever, people began to think
printed through and see that this reduc-
kiy see tlon would not help their oem-
money munity, the stock market fell off
Surplus) again. In other words, this re-
money duction win not cause consum-
rt the era to buy more goods or manu-
is your facturers to employ more help,
too mn- Therefore, wise investors are
heir de- not buying more stocks now on
Kiid re- the small reduction in interest
rates by the ‘ Fed.'’
Id work The U.S. Government could,
amplest however, do three things which
interest might help the stock market:
way is (l) Lower the required margin
•rtising. which brokers arc now forced
er rate to demand of speculators; (2)
ctra ad- buy more governments from the
lid "get banks, giving them more free
Banks money to Joan; and (3) reduce
•lations. the reserves which banks are
*■ more required to carry. In an emer-
nn” for gency, one or more of these
need to could be done. Howevr, no em-
longer ergency now exists which would
lay or Justify these steps. Of course,
on fa- reducing interest rates has al-
a reduction In local
rates on account -
reduction by the CAi
al Reserve. ♦ *"*
plenty of mashed potatoes, pump-'
etnlckel or rye bread, 'butter or
margarine, assorted * pickles,
chilled beer, and for dessert, pot
hiked apples and cmnilm topic
B&bson Discusses
Money Market
Ho! Ho!
dumplings, and lots of
coffee.
Add variety to your salad
course and treat the family to
a crisp and colorful kraut slaw!
easily made by combining 1 •
Impound can kraut, drained, 1 :ne-
dium-slacd apple, coarsely grated,
and Hi eupa coarsely grated car
rots. Mix thoroughly. Add V4
eup mayonnaise i mix lightly but
thoroughly. Chili. This is nice
with hsm steak.
bonds or uses such government
bonds as collateral to borrow
from its District Federal Re-
serve Bank. There are 12 of
these, — one for each of the 12
federal districts into which the
U.S. is divided.
Boa’t Expect A Redactteai
On Your Ian a—
If one of the District Federal
Reserve Banks is temporarily
short of funds, it borrows of the
Central "Feds”, located at New
Fork and Chicago. It is the Fed-
eral Reserve System which has
lowered the rate from 34% to
3% on loans made not to your
bank, or to you, but to one or
more of the district banks men-
tioned above.
These district banks, in turn,
loan to the big city banks, which
then may loan to your local
bank. So you see it is a long
time before this 4% reduction
filters through to your local
bank. If any of it gets through.
,, £sbaon Discusses Money Rates
f*. r. ^abeon Park. Maas., Dec. 12.
r~. T-* During the past two weeks there
•— ••-•has been much in the newspap-
........ era commending the Federal Re-
- l i. serve for reducing its rediscount
rate from 3*4% to 3%. Now you
wonder how much this helps
‘ ycur local bank.
Vlwt The Reserve Rato Does—
.«• me explain just what
J^V'.ffca "reduction" means. Your
lo^al bank may need temporary
iii e.\ira funds certain times of the
ycur’io loan to some local Indus-
, *,n i ...tries. These are those which
niurt borrow seasonally to buy
• * • * - »«w materials or merchandise
*" ■<•• hut which are out of debt most
'.a... of the year. To secure such ex-
•‘'f trs funds your local bank may
borrow of the nearest bift city
bank where It carries its main
account.
" Upon the same principle, there
‘ are times when this big city
bank may need extra funds. It
then either sells
Don’t pour those vitamins and
minerals down the drain! When
receipts call lor draining kraut,
save the drained kraut Juice and
chin and combine with equal
parts of chilled tomato parts of
chilled tomato juice or vegetable-
juice cocktail for an unusually
good appetizer. For a gay touen,
add a celery stick as an edible
stirer and serve over ice cubes in
okl-fashianed glasses.
Experiment with seasonings,
too. Any one of these lends special
sip: Worchestershlrc sauce, ore-
gano, basil, rosemary,, chin
healthy^by drinking
lots of milk. Keep your
family in good spirits
with plenty of Valley
Gold Grade “A”
During the Kraut, pork and ap-
ple dinner season, team up kraut
with pork chops, roast loin of
pork, ham. sausage, sparenbs, or
other pork cuts. Serve with ap
pie sauce or glazed apple rings
or slices.
IMPULSES from that Russian
earth satellite are reported to
have opened radio-operated doors
in Schenectady, N. Y. Good grief!
-don’t tell us the spudnik is
given to playing Halloween
pranks.
CRESCENT
VALLEY CREAMERY
8®4 E. ©wart None® Ha.
We note that many amateur
poets are sending verses about
earth satellites to the newspapers.
Looks like the sputnik has ’em
starry-eyed.
government Certainly no reader can expect
cetiously remark that the bank ready caused bonds to go up.
SPECIALS FOR FRIIXAY-Z35ATURDAY, DECEMBER 13 - 14
DOUBLE ACE STAMP DAY ON WEDNESDAY
GLADIOLA
Admiration
HAH Master Chef
LbeCang^l
25 Lbs
Holsum, Richter orJ£ainbo
2 Large
f^BHARDTS - - No. 300
2 FOR
PRINCE REGULAR
MILK
27* DOG FOOD
FOREMOST
| FOREMOST 1/Z-Sq.
3lCIMELLORINE 49*
SUPREME
CRACKERS
STEW MEAT
Bring your Ace stomps to our store for redemption
FROZEN-FOODS
SPINACH
CLOVER LEAF
•ROLLS - 24 Count
£*MXED VEGETABLES, 10-oz. 19c
Edmund G Boysen, Carroll E. Ley, Douglas Boysen
Hggsyo-,.
1 ?•' ki&:
»Tsu r
• OLEO-Decker's ...
-----2 Lb. 41c
.4
ZLETTUCE_________
CAULIFLOWER ...
■ ••
-------Hoad 19c
C/LVOS___________
A
FRESH GROUND CHILI or
HAMBURGEI
1
3-Lbs.
41*
$|26
ROUND
STEAK
m
Lb.... m
tc
BOSTON BUTT
PORK ROAS'
r “» 47c
BARBECUE
Vral Rib and Lamb Rib
Sat. Only-Lb. ..
65*
HOT SAUSAGE 1
ivery Day
Lb. ..
55*
NBC : W .
VANILLA WAFFERS
9*/*-o*.....23^
CLOROX
Qt..... 18*
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The Cuero Record (Cuero, Tex.), Vol. 69, No. 294, Ed. 1 Thursday, December 12, 1957, newspaper, December 12, 1957; Cuero, Texas. (https://texashistory.unt.edu/ark:/67531/metapth698905/m1/3/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Cuero Public Library.