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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Apr 21, 1973

Page

6

Weekly Review of Stock Exchange Activity

New York AP reports weekly stock trading for selected issues. The table lists dividends and special payments with footnotes explaining symbols such as ex dividend ex rights and warrants. Totals show weekly and year to date sales and comparative figures from prior weeks and years.

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Costs Living Rate Highest In 22 Years In March

New York AP reports the cost of living rose for the third straight month in March, reaching the highest level in 22 years. The Labor Department says prices jumped nine tenths of one percent, with inflation at 6 percent, and the economy grew 14.3 percent in Q1. The Federal Reserve raised the discount rate from 5% to 5.25%, effective Monday.

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Financial News Roundup From The Era

The article notes a rising federal reserve discount rate signaling tighter credit and a general upshift in interest rates. GNP grew by 40.6 billion in Q1 to 1.235 trillion, with inflation around 6 percent and real growth near 7.9 percent. Equity Funding Corp faces solvency questions as trustee Loeffler reports preliminary estimates. Nixon ends oil quotas and seeks gas price relief while banks adopt a dual prime rate: 6 percent for large borrowers and 6 14 percent for small clients.

Federal Reserve Equity Funding Corp. of America Robert M. Loeffler

Also Mentioned on This Page

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