Martin's Term on Board Expiring Sparks Fed Clash
A partisan battle swirls over Martin's four year term as Federal Reserve chair as supporters led by Patman and Long push to replace him. Johnson must decide whether to reappoint the economist or install a new leader, while critics accuse Martin of monetary dictatorship amid inflation fears. The argument centers on policy, independence, and the balance with fiscal aims.
MENTIONED IN THIS ARTICLE
M. J. Rossant
Patman
New York Times Service
Arthur F. Burns
New York
Bitler
Martin
Council of Economic Advisers
Federal Reserve
Sham McChesney Martin Jr
Terest
Get
Mately
Johnson
Russell B. Long
D-La
Senate Finance Committee
Wright Patman
R-Tex
House
Thejlts
Federal Reserve of the White
Congress
Retha Federal Reserve
Emil
Stuart Symington
Martin D-Mo
Sol
Dow Jones Averages and Independence Debate Analyzed
NY stock figures show declines and gains across sectors with the 1967 values noted. Commentary argues federal reserve independence supports or hinders policy, with professor Michael D. Reagan calling it unwarranted and undemocratic.
Interest Drop Stimulates Rising Stock Market Gains
The stock market opened higher on Thursday with overall gains as investors priced in better earnings and a firmer tone after a holiday-shortened week. The Dow edged up about 6 points, with the rally led by automakers, chemicals, and blue-chip techs amid light trading.
MENTIONED IN THIS ARTICLE
James T. McCausland
New York
Dow-Jones Indusont
T Vante
United Press
Prices rise on American change amid active trading
After a sluggish start, over the counter chatter shows Tas prices on the American dollar advancing in fairly active trading as exchanges reflect stronger demand and shifting rates. Investors watched gains in several key sectors as markets absorbed mixed economic signals and policy hints.
Grain Market Update From Washington
Fragmented cash market report touches on federal fiscal figures and debt notes. Mentions Treasury data, warehouse inventories, and withdrawals with unclear totals. Readable portions point to 1968 references and assorted financial figures.
MENTIONED IN THIS ARTICLE
Washington
Treasury Maren
Hisis
L B Chamber Appoints Six New Directors
Long Beach Chamber of Commerce announces six new directors General Bishop, president. Appointees include Capt. Morton Lytle USN Ret Don Gill Norbert Dean Robert McNulty George Murchison and Richard Prior. They will be honored at the 76th annual banquet April 7 at the Lafayette Hotel.
MENTIONED IN THIS ARTICLE
Long Beach Chamer of Commerce
Genel Bishop
Capt
Morton Lytle
USN
Don Gill
Norbert Dean
Dean Electronics
Robert McNulty
Yallow- Diamond Cab Co
George Murchison
Richard Prior
Chamber
Lafayette
Also Mentioned on This Page
Dow-Jones
Indus
regent + co ay rae
Fed
UPI
Standard & Poor
Aseen
Tehetey
Moi
Fed Wednnesday
Alsa
Michael D. Reagan
University of California
Avco Corp
Raymond Internajana
Chrysler
General Motors
Ford
American Motors
IBM
du Pont
Gill
Amerada
Union Oil
California
Tidewater
Jersey Standard
Kerr-McGee
United
New York Central
Treasury Report
Ald
AMC Foot
Yanchor Coro Baieleman Arcs
Empire Life
Gunark Inds Inc
Franklin
Bayless
Paki Beau
Ady Weah
Alea Gas
Wir
Palomar
Mrco General Heins
Bayley
Eriarner
Chicago
Hanover Fire
Pellién Muiknety
Harford
Arunsw
Indreenat
Aby Dee
van Val Coulsa & Sris Prug
Redcor Corp
Aercury Cally
Alenrdsn Co
Fercen EU Ins
Isslore
Perth “Alver
Seiccea Cola LA Avs Trainucker Co the
Pac Init
Olemay Eng
Argent
Obwell Co
Iscalf
Fetter
St Baul Foia
Amo & liv
Lee Lute
Soveretoy Ltd
Daisy Mio Co
Sieben Breug
Simen
Senate
Troy
Data Bros
Skagay
Ininiral Oral Finance Nl
Indus Pay
Darton
Ile
Diodes Inc
Valksvrasen Ins Diversa Irc
Bern
Robbins & Mivers Inc. Duce Tedune
Weatchester Stra Teves
Riversa Inc
Wakry
Benards
Electris
Paris
Texire
Morgan Graty
ABE
Baec Westerw Banks
Arig Bancaro
Telon Ranch
Sragna Bank
Fiske Govar
Cal
Erdury
Hank
Aaginesa
Enlai Bank
Brain Wars
Travidee
Global Marine Vicar PA
sValGritel Co
iHysier Informtes. Inc
Hear
de Vacca Indira
Susins
Yaley Gas Co
Savings. & Loam
Ant
Huele
Intisi
Iowa
Wal Gas
Balbie EU Andew Jrons
Wiens Debasa
P. Wayne
Enon
Tyre
Shoreline
E. Ocean Blvd
Long Beach
Ocean View
Carl
Independent, Press-Telegram
Southland
Wilbank
America
Gomie
Alexander Smith
Wilbanks
Wilebanks Carpets & Draperies
Freeman Ava
Signal Hill
Standard & Poor Index
Elpuaien
Ines
Ea Ueers
Ren Tech
Oreytus
Emal
da Fe
P-Gen Invest
Scien
Grou Sect
Val Invest
Cras
Grypnan
Ayalla
Hamhda Stackeb
L.B. Chamber
Gemma
Debel.degel Lyauro
Detview
St Lars Ncaa Nara
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