Market declines as higher rates damp trading on Wall Street
On Wall Street stocks fell after a brief early gain as brokers cited higher interest rates and political uncertainties. The Dow Jones stood at 910.67, down 2.11, with declines leading advances 585 to 547 on the NYSE and 23.35 on the Amex price change index. Champion Homes led trading, unchanged.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Amex
Champion Homes
Banks Hike Basic Rates Across Major Banks
The nations largest banks raised their basic loan rate to major corporations to 9 percent, a record level set by Franklin National Bank last Friday. By afternoon, 9 percent was in effect industry wide as Chase Manhattan Bank and others matched the move amid strong loan demand and higher funding costs. The rate has risen 11 times this year from 6 percent.
MENTIONED IN THIS ARTICLE
NYT News Service
New York
Franklin National
Chase Manhattan Bank
Bank of America
First National City Bank
Late New York Stock Selected List Transformation
The note lists stock figures with numbers 12 9 26 5 14 3 307 71 32 W4 21 percent and 308 ABV, Me, indicating a compressed financial shorthand from a New York market summary.
MENTIONED IN THIS ARTICLE
Viewler
Vikoa Tnc
VLN Corp
Westats Pii
Yates
Associated Press
UPS and Downs
NEW York
Americar. Stock Exchange
Pet
Altec Cp
Selas Corpi
Kin Ark Cp
Tenney Eng
Name Last Net Pet Maliry
ADM Industr
New York Stock Exchange
Addisso
Airco
Arizona
AlcanAly
AligLud
AlidCh
Allis Chile
Alcoa
Ag. Ambac
Hess
Am Motors
Asmstr
AmStand
At&t Wt
Amt&t
Ampex Corp
Anacon
Andrh
Apeco Cp
ArchDan
Armcos
ArmstCk
AshdOil
Asdorg
Atlas Corp
Avco Corp
Bell
T&t
Bendix
ContOil
Vaitek Corp
BetaSt
Contrel
Ma Jewel C
Boeing
Ae JanMan
Ms Boise Cas
Corngg
JohnJjnn
NM Borden
Cowles
Ma JonLog
BigWar
JonLaug
Va Va
JoyMftg
Brunswk
Crown Cork
K — BucyEr
CrwZell
BuddCo
Gia Bulova
Dayco
BurtNor
Kayserr
Kimbel
Cal Finani Dennys
Knight N
Campr Sa
DetEdis
Koppis
DiamShmn
Disney W
Kroger
CartWa
Ieee Il Oo Castiec
LearSieg
V E Duk Pw
Lenval Tnd
CenSow
Lehmn
E duPont
CerroCp
Sis Libbmcnl
Cessna
East Air Ln
LTV Corp
Clark
Evans P
LVO Corp
Coig Pal
Exxon
Lykes Yngst
Collins
CBS
Macke Wa
CoiGas
Fairind
Amva
Fanstel
Exchange
FedNet
Comsat
Wa Marcor
Firstone
Eg Martnm
A Petri
MeadCp
Barnes Eng
Melty Sh
Cinerama
Dixilyn Cor
Ie — GriFood
Motorola
Electro
GenMills
Essex Chem
Mtstat
TelEl
Nabisco
Va Frontier Air Ff
Ve GenTire
GaPac
GiantYel
Gerber
Gettyo
Gillette
New York Hormel
Husky Oil
Goodrichr
Ewens
Nt Steel
Va Industrials
Grace
Vo Transportation
Grantw
Natomas
Utility
AtiPac
Va NewPw
Finance Peewee Ee
Newmt
Niamp
NEW York (Ap
Lipser Ass Grumman
Lafay Radio
Gulf Oil
NL Ind
LoewThe
NorfikWn
Stock Exchange
Marshal Indo
Halburt
Northrop
Harris
Milgo
Commission
HartHk
Norton
Schaefer Cp
NorSim
Nucor Corp
NorCon Oils
Alabama Bancorporation
Hercules
Telecor Inc Yq
Alabama Tenn
Heublein
Gramma Cp
OKC Cp
America Allied
Hew Pck
OhioEd
LehValind
Ormand Ind
Soutr
HoerVal
Oklage
Ozark Airlin
Eldra Oon
Oklang
el Cel
Alabama Bankshares Wi Holdyinn
OlinCorp
Permanert
Va First State Bank
Holly Sg
Omark
NorCenRy
Phoenix Sti
ET Inter Financial Coop
OtisElev
Natind
Jack‘'s
Hongwil
OutMar
Kentucky Central
Owen Cn
CNA Finlie i
Resrtsind A
Liberty National Life
Agi
Pian Resrch
Owenlll
Perlain Life of
Alabama
Life of
E Statham Tns
Va Mutual Savings Life Ins
Idaho
Asa Southern United Life Ins
Inacp
PanAm Air
Vulcan Life Ins. Co
Ingerr
Panep
Va Inland St
Penn Cent
PepsiCo
Va Pfizer
Va Phelpd
Va PhilaEl
U“ PhilMor
Vg PhiliPet
Pitneyb
Publickr
Pugspl
Pullman
Puritish
Quaksto
Questor
Ralston P
Ranco
Va Raythen
Me Reviow
Reyind
ReynMet
Wa Ridderp
Rockwil
Va Rohr Ind
RydrSys
Va Oandrs Ass
Sfeinia
Ve SanFe't
ScherPig
SCM Cp
A Wa
Scoaind
Va ScottPap
Searleg
Shell Oil
Signa
Singer
Skyline We
SonyCo
SouthCo
Sperryr
Va StailOh
StaufCh
SterDrug
Stevens
StuWor
SunOil Ib
Sysirebrgidasi
Cve
Tampae
Tektrax
T Teledyn
Elex Cp
Tenaco
Tesoro
Ae Ankk X Val Inc
UMC Ind
American Exchange Decatur Markets Snapshot
Cotton markets report Decatur loan at middling inch about 20.45 with cottonseed priced at 40 per ton. MilkGrade A at 6.55 per hundred, manufactured milk 3.20. Wood and plywood values listed, soybeans, corn, oats, wheat, barley prices shown. Prices include No 2 varieties and per hundred or per cord metrics.
MENTIONED IN THIS ARTICLE
Decatur
Price Quilt: Wood and Soybean Rates Queried
Trading notes show wood pricing at 65.45 and 35. Pulpwood listed at 15.25 per cord. No. 2 Soybeans quoted at 7.22.
Decatur Johnston Gateway Branch Notice
Decatur Johnston gateway branch contact details show phone number 355-1511 for inquiries or service access.
MENTIONED IN THIS ARTICLE
Johnston
Gateway
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Kaiser Industries
Circle K Corp
Arlen Realty
Interco, Inc
Smith International
Fairchild Camera
Ford Motor
England
Wall Street
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VendoCo
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Wachova
Wa Warn
WnAirl
WaBnc
Wunion
Westge
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Whirlpol
Wa Wa
White Motor
Whittaker
Williams Co Hi
Wolwth
Wean Gan XeroxCp
ZaleCorp
Zenithr
American Exchange
Decatur Markets
Travel
Atlanta
Continental Trailways
Earth
A Subsidiary of
Fed Sune, Inc
America
Silver Eagle
Grant St. SE
Dallas
Alabama Petroleum Council
Adams Avenue
Montgomery
Alabama Tenn. Nat’ Gas America
Allied Central Bank
South First Alabama Bankshares
First State Bank
Inter Financial Coop
Jack's Food System
Kentucky Central Liberty National Life Life of
Par Life of
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Protective Life
Southern Airways Southern United Life Ins
Ford
Torino
Irby Johnson Ford, Inc
1802
Sixth Avenue SE
Pat Thornton
First State
Pat