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Garden City Telegram in Garden City, Kansas

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Garden City Telegram

Location

Garden City, Kansas, United States of America

Date

Dec 19, 1980

Page

1

Prime rate rises to 21.5 percent as banks follow lead

Citibank boosts its best corporate rate to 21.5 percent amid likely widespread matches. Reagan’s pick Regan forecasts higher rates to 22 or 22.5 percent. Earlier, the rate stood at 21 percent, a record rise from below 20 percent.

New York Citibank Donald Regan Ronald Reagan Treasury

Iran demands gold and wealth transfer for hostage release

Iran, in a final reply relayed by Algerian intermediaries, demands the United States deposit Iran’s gold and confiscated wealth with the Algerian central bank and provide guarantees for the Shah’s fortune before hostages are freed. Tehran cites $8 billion in frozen assets and future guarantees as conditions, while U.S. officials have not commented.

Associated Press Iran Washington U.S Shah Tehran Rehda Malek United States Behzad Nabavi Mohammad Ali Rajai Mohammad Reza Pahlavi Malek Algiers Nabavi Pars

Garden City man fatally shot outside tavern

Ernesto Rodriguez 21 died after being shot at the Brick Barn tavern in Garden City. Henry Espinosa 19 was arrested in his home and jailed as charges await filing. A .30 rifle found at relatives’ home is linked to the incident, which followed an argument and a later return to the bar.

Garden Citian Garden City Ernesto Rodriguez Boots Road St. Catherine Hospital Rodriguez Henry Espinosa Pearl Espinosa Jerald Vaughn Vaughn E. Fulton Rodriquez

Young coin prodigy drives wealth at 16 in five years

Mark Chrans, 16, claims weekly earnings over 1000 from coin dealing, starting with a $10 Sears starter kit at age 11. He quit school mid 10th grade, rents a shop at 900 a month, and owns a 17 000 Mercedes 450SL while touring cities such as Las Vegas and New York.

Springfield Mark Chrans Chrans Sears Las Vegas Hawaii New York City Los Angeles St. Louis

Mortgage bonds fall short of initial Finney County goal

Mortgage revenue bonds totaling 9.3 million dollars were sold over Thursday and Friday, far below the original 24.2 million plan. Lenders in Finney, Haskell, Ness, Scott, Greeley, Wichita and Lane participated, with Garden City banks dropping out as rates rose beyond 10.75 percent.

Finney County Martin Huschka Huschka Herb Neufeld Kirchner Moore and Company of Denver Colo McPherson Garden City Finney Haskell Ness Scott Greeley Wichita Lane Garden National Bank Colonial Savings and Loan Neufeld

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