Discount Rate Hike Seen By Federal Reserve Officials
Washington reports indicate officials expect further tightening of credit as the Fed considers narrowing the wide spread between the discount and prime rates. A rise could curb business expansion and housing activity, potentially aggravating a looming housing shortage. Preston Marlin warns higher rates may tighten homebuilding nationwide.
MENTIONED IN THIS ARTICLE
Federal Reserve
Washington
Ami
Eir
Federal Reserve Board Ofperts
Reserve Board
Fed
Federal Reserve Board
Federal Reserve System
Federal Home’ Loan Bank Board
Preston Marlin
Hostilities Renewed in Suez Areas
United Press International reports renewed clashes in the Suez Canal region as Egyptian and Israeli forces exchange shelling and embankments. Fires erupt in Suez City, a desert storm ends, and a three hour firefight across the Bitter Lakes ends with a mutual ceasefire. One Israeli soldier is lightly wounded.
MENTIONED IN THIS ARTICLE
Suez Canal
Suez
Cairo International
Egypt
Israel
Bitter Lakes
Suez-Tewfic
Cairo
Suez City
Canal
Port Tewfic
Ashat
Train Kills 16 Deer on Tracks Near Steele North Dakota
A Northern Pacific train near Steele North Dakota killed 16 deer from a herd. Game Warden Bennie Belland said the animals were bedded on the tracks Sunday near a grove of trees and likely fled ahead of the train, unable to jump clear due to snowbanks.
Hijack Doubleheader Stuns Skies In 1969 Cuba Run
In a third 1969 hijacking wave two airliners were diverted to Havana. Delta and Faucett crews described calm responses amid the tense ride. Passengers and staff recall the hijackers demanding routes and broadcasting political lines before landing at Jose Marti airport.
Income Now Versus Growth Stocks and bonds guidance
Investor Sam Shulsky weighs options for immediate income vs long term growth. He notes 7 percent yields on good quality corporate bonds and utilities stocks, while growth stocks favor capital gains over current income. U.S. guaranteed bonds and government notes offer around 6 percent, with tax deferral on certain bonds.
Sabotage Ruled Out in Venezuelan Air Crash
Venezuelan officials ruled out sabotage in the crash of a VIASA jet near Maracaibo that killed at least 155 people including 46 U. S. citizens and 71 on the ground. Pilot error was considered unlikely. the plane failed to climb and struck a neighborhood after taking off from Musquitoa airport, with extensive destruction and a temporary morgue set up as U. S. consular staff arranged repatriation.
MENTIONED IN THIS ARTICLE
Maracaibo
Venezuela
Lorenzo Fernandez
Rafael Caldera
U. S
Emiliano Maldonado
Jose Rodriguez Silva
VIASA
Musquetia
Caracas
Maracaibo’s
U.S
Caldera i
Also Mentioned on This Page
United Press International
Miami
Dadie
Wheaton
Dallas
Uvba
Atlanta
Augusta
Havana
Jose Marti
Fawcetty Airlines
Peru
Uban
Hugh
Evelyn
Cuba
Marvelyear
Fidel Cay
Iro
People’s Republic of Cuba
Ima
Lima
Arequipa
Guayaquil
Ecuador
Delta
Carolyn Wooley
Dallag
Ren Wessenberg
Miss Wooley
Kent Calm
Investor's Guide
Sam Shulsky -Syner
Stield
Cortez Greer
Chattanooga
Treasury
Delta Jet
Nago
Ational Airlines
Aos
Preferredi
KCRG
Aesining
Iano Rai
Ford
Maverick
Ford Galaxie
Falcon
America
Grant Williams Ford
1St Ave
40Th Street
Cedar Rapids
Preble
Alletteer
Apowerul
Sanitiznd
Peoples Furniture
First Ave
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