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Readjustment Trends Highlight Northwest Finance
The September issue of Current Commerce from the Seattle National Bank reviews Northwest conditions. It notes rising interest rates with top commercial paper at 8 percent and loans to solid firms at 8 to 9 percent. The essay explains higher rates stem from lagging money supply versus soaring prices and government financing. It predicts rates may stay high as the U.S. financial system gradually stabilizes with limited upheaval.
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Seattle
United States
New York
Interstate Commerce
Pacific Northwest