Prime Rate Rises Back To 10 Percent Peak
AP News report notes commercial banks have returned the prime lending rate to the 10 percent level after a midyear decline, signaling possible higher rates ahead. The move complicates forecasts and may influence Fed policy and consumer borrowing, though effects on everyday loans are muted for now.
MENTIONED IN THIS ARTICLE
Stephen H. Miller
AP Business News
New York
Federal Reserve Board
Federal Reserve
Economic Facts of Life Jeopardizing Humanitarian Food Program
AP Farm Writer Don Kendall examines the Food for Peace program amid debate over its humanitarian impact and economic effects. Since 1954 it has moved $22 billion in U.S. farm products overseas, serving needy people while aiding American farmers and trade. The piece questions future U.S. continuation of the program.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
U.S
Congress
United States
India
Schertz
Current Foreign Affairs Quarterly
Cadillac
Contrarian Investing and Food for Peace Policy Debates
The piece contrasts contrarian investing with herd behavior on Wall Street, noting uncertainty about market direction, dealer practices, and the role of fund managers. It also covers Sen. Humphrey backing Food for Peace, detailing Title I use, budget trends, rising prices, and the impact on U S farm exports and aid priorities amid grain shortages and global demand.
MENTIONED IN THIS ARTICLE
New York
Stocks Dip as Averages Fall in Slow Week
The stock market eased slightly with high interest rates dampening activity. The AP average of 60 shares closed Thursday at 274.0, down 2.8 from last Friday, and the Dow Jones industrials ended at 844.81, down 2.73 from the prior Friday.
Clyde Henderson Joins Bob Vaughn Realty as Broker
Clyde Henderson of Route 1 Sophia joins Bob Vaughn Realty as broker. He has seven years directing a Cameron Morrison School for Delinquent Boys rehabilitation program, real estate training at Sandhills Community College and Real Estate Education, Inc. He holds an AB from High Point College and a master’s in counseling from VCU, with graduate work at UNC Chapel Hill. He is married to Marjorie Curry of Welch WV. they have two sons, Mike and Gene.
MENTIONED IN THIS ARTICLE
Henderson
Cameron Morrison School
Hoffman
Sandhills Community College
Pinehurst
Real Estate Education, Inc
Charlotte
High Point College
Virginia Commonwealth University
Richmond
University of North Carolina At
Chapel Hill
Trade Winds Quick Recovery Is Not Likely
Henry Kaufman of Salomon Brothers warns that inflation remains unchecked and policy responses lack discipline, signaling a weak late year recovery. He cites rising domestic and foreign credit pressure after lifting controls, suggesting a tighter monetary stance and safe, liquid holdings like Treasury bills and short CDs.
MENTIONED IN THIS ARTICLE
New York
U.S
Henry Kaufman
Salomon Brothers Investment House
United States
Free World
Kaufman
Washington
U.S. Treasury
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High Point Enterprise
Wheen
Fed
Loeb
Wall Street
Battle
North American Newspaper Alliance
New York Stock Exchange
Hubert H. Humphrey
D-Minn
Senate
Humphrey
Nixon
Lyle P. Schertz
Economic Research Service
Agriculture
DOW Jones
Wilbur M. Currie, Cla
Ian
West High’ St
Clyde Henderson
Rt. 1
Sophia
Bob Vaughn Realty
Scott & Williams
Ray Hubbard
Sne
W. Green Jr
Raymond Richards
High Point
C. Charles Rendino
National Assn. of Accountants
Hilton Inn
Greensboro
Henry S. Miller Jr
Bowman Gray School of Medicine
Food World
Big Bear
North Carolina
Food World Discount Grocery
Chain Store Age
Hutchens
Grant Stevens
L. Paul Brayton Ltd
Brayton International, Inc
Dave Green
Colorado
Wyoming
Utah
New Mexico
Arizona
Brayton
Denver
23Rd Avenue
Winston,Salem
Federal Reserve Bank
Federal Reserve District
Clyde
Heath Insurance
Robert McCliston
C.L.A
S. Hamilton St
Hintegon
Sea Adee
Fred G. Culler
Litas
State Farm
State Farm Insurance Companies
Bloomington
Illinois
Granville Moving & Storage
Mayflower
Granville
Hamilton Sr
P/NEWBY
Steve Foster
Craig Newby
MGR