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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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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Wendell Larsen
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Margaret Thatcher
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Ds Anee
Hi Prec
Dodge City
Goodland Hutchinson
Russell
Topeka
Ahmad Azizi
Pascuel M. Rojas
Ernest Stablefield
Mercedes
Estee Lauder
Hoovers
Kirchner Moore
Ford
Commanche
Edwards
Gray, Pawnee
Hodgeman Counties
Railroad Savings and Loan Here
Gene Rudd
Security Savings and Loan
Rudd