Business: TIME CLOCK, Sep. 21, 1953

THE Federal Reserve Board will soon ease the credit pinch by lowering bank reserve requirements and buying Government bonds in the open market, thus expanding the money supply. But this does not mean the Administration is abandoning its hard money policy; it is a temporary move to meet seasonal requirements of business, e.g., extra cash for bigger inventories for Christmas.

TELEMETER, Paramount Pictures' device for bringing first-run movies and special events to tele viewers, will shortly get its first test (and the first test of any method of telecasting first-run movies). In Palm...

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