Bond Yields Attract Market Funds Amid Tight Money
North American newspaper review notes government and corporate bonds near best levels of the tight money period, drawing stock funds. It cites reduced corporate profits, expected loanable-funds pinch, and $20 billion Vietnam war financing. Also mentions tourists in Europe, a Paris airport tax, and farm sector profits and spending projections.
MENTIONED IN THIS ARTICLE
New York
Europe
Paris
Federal Reserve Board
William McChesney Martin
Moore Opposes New North Carolina Regional University Plan
Gov. Dan Moore opposes a bill to establish an independent regional university system in North Carolina headed by East Carolina College. He warns the measure could wreck higher education and set a dangerous precedent while expressing confidence in lawmakers to pursue careful studies and avoid a costly split in the system. The Henley bill would grant ECC regional university status for five years but not allow doctorates.
MENTIONED IN THIS ARTICLE
ECU
North Carolina
Senate
John Henley
Cumberland
ECC
Moore
Henley
Bob Scott
House
David Britt
General Assembly
Julian Allsbrook
Haliffax
Allsbrook
Sen
Jack White
Cleveland
Western Carolina College
Appalachiian
Minnesota Adopts 44th State Sales Tax
Minnesota becomes the 44th state to enact a sales tax after Conservative leaders override Governor LeVander veto. The 0.5 percent levy applies to most retail purchases with exceptions. liquor and beer taxed. Tax takes effect August 1 following a special session and two-thirds legislative support.
MENTIONED IN THIS ARTICLE
Minnesota
Gerry Nelson
ST. Paul
LeVander
Legisla
Also Mentioned on This Page
North American Newspaper Alliance
America
Farm Journal Economic
Claude Gifford
Gov. Moore
New University
Michael Putzel
Associated Press
Zenith
Nash Jewelry CO
N. Main
Etra
Extra Convenien
Belks
Alaska
Delaware
Montana
New Hampshire
Oregon
Vermont
Nebraska
Ture
ST. Mary’s Episcopal Church
Ford
Jay Wood
High Point Leasing Co., Inc
English Motor Co
East
Washington St
BC Metee
Andover
Galey
Lord
Famous Maker
RTS
No Ceu
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