Discount Rate Raised by Fed to Stabilize Dollar
The Federal Reserve Board boosted the discount rate from 4 to 4.5 percent in a move intended to curb dollar outflow amid Britain’s pound devaluation. Officials say it aligns U S rates with global levels and may curb inflation long term, with no immediate impact on consumer loans. The action took effect at 10 of 12 districts and follows prior 1965 tightening patterns.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Britain
U.S
Federal Reserve
White House
Treasury
Henry H. Fowler
United Kingdom
Wright Patman
D-Texas
House Banking Committee
Rumrey Funeral Home Ad in Lawrence Area
Classified notice announces funeral home services with contact and location details in Lawrence. Includes discount reference and page placement on Page 5 of the local index section.
MENTIONED IN THIS ARTICLE
Lawrence
Rumrey Funeral Home
KU Announces Huge Structure For Humanities
KU unveils the $5.8 million, 25 story Humanities Building set to become the state’s tallest campus structure across Jayhawk Boulevard from Strong Hall. The tower will house 487 faculty offices and 71 study rooms, with 275,000 square feet and six elevators, and is slated to begin this summer with completion in fall 1970.
MENTIONED IN THIS ARTICLE
Kansas University
United States College
Jayhawk Boulevard
Strong Hall
Humanities
Fraser Hall
Mount Oread
Federal Reserve
Kansas City
Commerce Towers
Tower of Learning
University of Pittsburgh
University of Texas Administration
Empire State Building
New York City
Kansas University Humanities
Robinson Gymnasium
Haworth
Romney Bucking Bomb Halt With No Big Change
Romney argues it would be unwise to halt bombing of North Vietnam without proof of worthwhile results. He contrasts with Sen. Charles Percy who proposed testing negotiations via periodic unannounced pauses. Romney also pushes spending cuts and opposes tax increases while pursuing neutralization as an alternative.
MENTIONED IN THIS ARTICLE
Washington
George Romney
North Vietnam
Michigan
Charles H. Percy
Illinois
Johnson
Romney
Vietnam
Detroit
State Department
NBC
CBS
Auto Hability for Teenagers
Gene Doane of 824 Masa Street leads a driver education effort for teens, offering practical tips and safety lessons on responsible vehicle use and road rules. Community members are invited to attend the sessions at local workshops.
Market slips after Pound devaluation and rate hikes
The Dow Jones industrial average fell sharply at midday and then pared losses late trading. By 2 p.m. it stood down 8.72 points at 53.39, after an initial 14.96 point drop. Volume reached 10.23 million shares in the first four hours, up from Friday.
MENTIONED IN THIS ARTICLE
New York
U.S
Altenbernd Family Wins Turkey Prizes in Journal-World Contest
The Homer Altenbernd family of Route 2 Lawrence claim two of three prizes in the Journal-World Football Contest. Bart Altenbernd, 16, won the first prize 15 pound turkey while Homer won a second prize 10 pounder. Henry J Gempler of Madison, Wis. also took a runner-up 10 pound turkey.
MENTIONED IN THIS ARTICLE
Homer Altenbernd
Route 2
Lawrence
Bart Altenbernd
Homer
Bart
Henry J. Gempeler
Journal-World
Madison
Wis
Minnesota
Indiana
Clemson
North Carolina State
TCU
Texas
Arizona
Air Force
California
Stanford
News Quiz Editor's Note Recaps Last Week’s Events
A classroom style quiz reviews Vietnam, World War II era figures, civil and political topics from the prior week. It tests recognition of names like Westmoreland MacArthur and Johnson policy debates with multiple choice options and an answer on Page 3.
MENTIONED IN THIS ARTICLE
Vietnam
Lew Walt
Ellsworth Bunker
Westmoreland
California
U.S
Pacific Islands
Chiang Kai Shek
Norodom Sihanouk
Bisaku Sato
West Point
Rawthon M. Tompkins
Bruno A. Hochmuth
Harold Philby
Moscow
Guy Burgess
Douglas MacArthur
Johnson
Everett Dirksen
Gen. Westmoreland
William Fulbright
James M. Gavin
Morocco
Saudi Arabia
Yemen
Carl Yastrzemski
al Kaline
Detroit
Cesar Tovar
Minnesota
Joel Horlen
Chicago
Toronto
Gordon Murray
New York City
New York City Opera Company
Los Angeles
Devaluation Reverberates Worldwide After Pound Cut
The 14.3 percent pound devaluation shocks global markets with Spain Ireland Denmark Israel and Hong Kong matching the move. Prime Minister Harold Wilson defends the step as a spur to exports while warning Britons of higher domestic prices and tighter buying.
MENTIONED IN THIS ARTICLE
Associated Press
London
Spain
Ireland
Denmark
Israel
Ony
Hong Kong
U.S
Harold Wilson
Britain
Thanksgiving Day Bank Closure in Lawrence
Banks in Lawrence will not open on Thursday November 28 1967 in observance of Thanksgiving Day a legal holiday.
MENTIONED IN THIS ARTICLE
Lawrence
Beauty of Oread To Be Preserved
Mount Oread administrators praise the plans for the Kansas University 25 story Humanities Building set for the central campus. Chancellor Wescoe says the design preserves open space and views of the Wakarusa Valley. Architects Woodman and Van Doren discuss look through wings and glass areas to reduce shadows.
MENTIONED IN THIS ARTICLE
Kansas Union
Robinson
Haworth Hall
W. Clarke Wescoe
University
Cam
Arthur Woodman
Woodman-Van Doren Architects
Wichita
Mount Oread
Kansas University
The
Wakarusa Valley
Claude van Doren
Woodman
County Commission Defers Bridge Agreement
Douglas County Commissioners delayed approval of a two site Kaw River bridge study contract with Schlup Becker and Brennan of Kansas City. The $32 000 plan splits costs 50 50 with the State Highway Commission and runs six months with staged payments. A daily penalty was rejected as unprofessional, and the panel will review progress and terms at a Wednesday session.
MENTIONED IN THIS ARTICLE
Douglas County
Lawrence
Kaw River
Schlup, Becker and Brennan
Kansas City
Kan
Massachusetts St
Kansas Turnpike
Truman Schlup
Commission
Ing
Harvey Booth
Schlup
State Highway Commission
Douglas
Highway Commission
Travis Glass
Dan Young
Young
L. D. Rice
Warm Reading Weather Continues With Mild Skies
Clear to partly cloudy skies persist through Tuesday as the weather bureau reports mild temperatures with weekend highs in the 50s. Low tonight around 25 to 30, Tuesday highs near 60, and only light precip chances from night through Tuesday. The five day outlook shows minimal rain, with showers expected Wednesday and Saturday, and temperatures near seasonal norms. Duckwall's Downtown hours extend into evenings with ads for Raney Drug Stores offering free prescription delivery and mail service.
MENTIONED IN THIS ARTICLE
Weather Bureau
Weather Outlook for Northeast Kansas This Week
Partly cloudy tonight and Tuesday with a cooler regime. Lows near 25 to 30, highs around 60 on Tuesday. A five day forecast shows slightly below normal temperatures with limited rain chances and about one tenth to a quarter inch of precipitation midweek and Saturday.
MENTIONED IN THIS ARTICLE
Kansas
Also Mentioned on This Page
Reserve Board
Fed
Joseph R. Coyne
Sauacu
Eee
Eqeens
Altenbernds
Arthur L. Gavshon
Oread
Wescoe
State
Kansas Board of Regents
Keith Lawton
Florida
County Commission
Duckwall
Raney Drug Stores
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