Credit Tightens Banks Raise Prime Rates Across Nation
The article outlines continued prime rate hikes as the Fed tightens credit. Banks from Morgan Guaranty to Chase Manhattan and Bank of America push rates higher, aiming to curb lending costs for corporations and consumer purchases. Mortgage and vehicle loans are expected to rise, with savings and loan banks strained by fund competition. William McChesney Martin signals resolve to restrain credit.
MENTIONED IN THIS ARTICLE
Martin
Patman
Las Vegas
Bankers
Washington
Morgan Guaranty Trust Co
New York
Chase Manhattan Bank
First National City Bank of New York
Bank of America of
San Francisco
Continental Illinois Bank & Trust Co
Chicago
First Pennsylvania Banking & Trust Co
Philadelphia
Union Commerce Bank of
Cleveland
Union Trust Co. of
Baltimore
First National Bank of
Boston
Citizens & Southern Bank of Atlanta
William McChesney Martin
Federal Reserve Board
Therapeutic abortion debate prompts panel notes
A California panel on therapeutic abortion discusses the new law and abortion statistics. Dr. Montgomery cites 3 375 abortions in the first 11 months. 63 percent in the nine county Bay area, 19 percent in LA and Orange counties. Weitekamp reports rising applications this quarter.
MENTIONED IN THIS ARTICLE
Theodore Montgomery
State Department of Public Health
San Francisco Bay Area
Los Angeles
Orange Counties
William Weitekamp
Unit II
Los Angeles County
USC
California
Desertion Ends Hope of Alimony in 1938 Divorce
In Los Angeles Superior Court Judge Marvin S. Freeman denied 75-year-old Dr. William R. Balmat alimony from his 70-year-old wife Mary Adams Balmat after 30 years apart. He sought $1,000 monthly support. she was granted a divorce on cruelty and desertion. Balmat, a retired Escondido dentist, said he left after his wife hid the car keys before a political meeting on Aug 15, 1938. he now subsists on $124 monthly as she holds substantial mining and real estate wealth from a prior marriage.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Superior Court
Marvin S. Freeman
William R. Balmat
Escondido
Mary Adams Balmat
Freeman
Balmat
Humphrey Praises Irish in American History at Beverly Hilton
Former Vice President Hubert Humphrey addressed 900 Friendly Sons of St Patrick at the Beverly Hilton praising Irish Americans as history makers. He cited Medal of Honor recipients and Ireland’s large contribution to U S freedom, joked about politics, and urged Americans to empower others to shape their destinies.
MENTIONED IN THIS ARTICLE
Hubert H. Humphrey
Beverly Hilton Hotel
Humphrey
America
Judge Stays Execution For California Death Penalty Case
U.S. District Judge Alfonzo Zirpoli granted a stay of execution to death-row inmate William Albert Tahl, 30, awaiting a federal challenge to California death-penalty statutes. Tahl, an Indian shipping clerk, shot a man and his wife during a San Diego robbery.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
U.S
Alfonso Zirpoli
William Albert Tahl
San Quentin
Zirpoli
California
Tahl
San Diego
Gas Blast Burns L B Man Near Compton
A 23 year old man Ralph Lechuga suffered third degree burns after a gas main leak ignited in the garage of his apartment near Compton. Firefighters fought flames thirty minutes, destroying about half the garage while the man received treatment at Kaiser Hospital Bellflower for facial and arm burns. The incident followed the man turning on a light switch. Separately the Los Angeles City School Board voted to drop a foreign language requirement for seventh and eighth grades to save about eight million dollars by seeking a waiver from the state superintendent.
MENTIONED IN THIS ARTICLE
U.S
Augusta
Dallas
Tex
Charleston
S.C
Ron Wassenberg
Havana
Cuba
Lima
Peru
Arequipa
Compton
Kaiser Hospital
Bellflower
Ralph Lechuga
San Luis St
Los Angeles City
State Superintendent of Public Instruction
Young Americans for Freedom Leader Injured at SFSU Meeting
Mark Seidenberg, 21, president of Young Americans for Freedom, was ejected and treated for minor injuries after a clash at a Third World Liberation Front meeting at San Francisco State College. TWLF seeks an autonomous black studies program.
MENTIONED IN THIS ARTICLE
San Francisco
Young Americans For Freedom
Third World Liberation Front
San Francisco State College
Mark Seidenberg
Also Mentioned on This Page
California Savings and Loan
Sor
Coca-Cola
A. D. MacDonald
Hugo W. Druehl
Arrowhead
Faucett Airlines
Guayaquil
Ecuador
Delta Airlines
Atlanta
Jose Marti International
Delta
Miami
FBI
HH McH
Murphys
Kellys
Ireland
Thomas Reddin
J. Edgar Hoover
Daughters of the American Revolution
University of Minnesota
Macalester College
Thomas Wolfe
Cub Scouts
Central
Southern
Edison
Southern California Edison
L.B
Conbov
East Artesia
West
Lakewood Blvd
Ives
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