Chase to Hold Prime Rate at 54 Percent in NY Bank
NEW YORK AP Board Chairman George Champion of Chase Manhattan Bank said on Monday the bank intends to hold its prime rate at 54 percent, not following a cut others made. He cited the money market tone and Fed policy as reasons and predicted little change in major corporate loan demand. Executives from Wells Fargo and Continental Illinois weighed possible shifts as banks debate rates amid a shifting credit climate.
MENTIONED IN THIS ARTICLE
New York
George Champion
Chase Manhattan, Bank
Chase
Champion
York
Washington
Federal Reserve
Ransom M. Cook
San Francisco
Wells Farge Bank
Cook
Jack T. Conn
ABA
Bankers’ Conference
Johnson
Congress
American Stock Exchange
Perry
Sid Brod
Ana Aerale
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Aluminum
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af + Ma Co. of America
AllegAlri
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Allegcorp
Alston Allied
Talleyind
Statha
Techife
Wyveld
Arklgos
Samera
Assdoit & Gah
Aico
Ghem
Wis
Todd Ship
Spa
AtlasCorp
Statava
Lear Siegler, Inc
Tron Lux
Corp
Balfield Ind
Continental Airlines
Barnes Eng
A. Shia 3A
Barrell India
Barry Yer
Baruch
Iews
Bunker LM Co.t
Univ
Botany Ind
Victoreén
Valspar
Ky Lick Corp
Bownier
Bradford
GraciiLion
BrAmOll
Wichita
Bruce EL
Wright Harg
Bunk Ramo
Bat — Xtraine AB
Gathorine
Catcomp
Bae
Zapola
Ila
Asiea
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Clary Corp
Coleman
Condéc Corp
Assacl- Select
Dnc
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Niest Securities
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Franklin
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InGih
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Unavail de An Ae Fond Inc
Andwest
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Get Invest
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Movielle
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Videoa al Shiyu
AulerCa
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Néwidtia
Merady
Viking
NewPark An
Ua Inc
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Kort
So Ry
Vash
Alu
Nor Can Gils Wize
Nocos$ Afriina Ria
BAS
Nuclear
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G. H. Walker & Co
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Allied Products West
Arrow Hort & Hegeman Ag
Philips Elect
Barden Corp
Phoenix S
iSea
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Fafnir Broringasta
Peeston
Boar
Farrel Coro
Lpgie Nati
de Cata Radiaton
Handy & Harman
REDM
Peter
Remar
RIC Group
Vileamon
Ratliggine
Ross
Vincent Weston Roy
Rusco Indust
Seeman
Servo Corp
Carp
New England
Bams
Alcoa and Harris-Intertype Profit Figures For Half Year
The American Exchange reports Alcoa and Allegheny Ludlum Steel new highs with 1968 six month profits 25.106 million or 6.06 a share versus 19.474 million or 4.81 a share. Harris-Intertype Corp six month net ended December 31 5.849 million or 1.28 a share versus 4.716 million or 1.02 a share.
MENTIONED IN THIS ARTICLE
Allegheny Ludlum Steel
Corg
Harris-Intertype Corp.y
Mortgage Rates Continue To Rise During December
Mortgage rates edged higher in December 1966 with conventional loan costs rising to 6.52 percent for existing homes and new loan rates ranging from 5.98 to 6.96 percent by region. The Federal Home Loan Bank Board noted tightened money supply as a key driver, while savings and loan deposits climbed by 1.73 billion, aided by dividends and interest-rate ceilings.
MENTIONED IN THIS ARTICLE
Washington
Savings Federal Home Loan Bank Board
Sny Loan Associations
Federal Housing Administration
Veterans Administration
New York
Houston
Texas
Savings and Loan Associations
Consolidated Foods In Merger Accord
Consolidated Foods of Chicago and Abbey Rents of El Segundo California plan a merger in principle pending tax ruling board ratification and stockholder approval. Abbey Rents rents household articles con valescent equipment party supplies and more while a subsidiary markets early American style furniture. Each Abbey share would swap for three sevenths of a Consolidated share.
MENTIONED IN THIS ARTICLE
Chicago
Consolidated Fonds of
Abbey Rents
el Sepundo
Calif
Consolidated
Abbey
Consolidated Foods Lommon
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Libby Aacti&lib
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Wiebald
Tae Jhomas Ind
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YAS American News
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Block & Decker
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Bunker Hil Hee
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Chelsea Indust
Duke.Power
Granite City
Koppiers D
Moore
Moving & Storage, Inc
Anton- Ava
Cory
Pat
ING
Federal Road
Danbury
Conn
Val Lombard
Barnum Ave
Stratford
Fairco
Fairco, Inc
GED
Burr-Court
American Exchange
Alcoa
Underwood & Underwood Portraits, Inc
Fifth Ave
Main St
Bridgeport
Connecticut
Carreau, Smith
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The
United Illuminating Company
Hans R. Fadum
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Donald W. Evers
W. Park Place
Stanford Obiol
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Mgr
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New Haven
General Motors
Holroyd Pontiac, Inc
Fairfield Avenue