Banks Slash Basic Loan Rate Amid Fed Liquidity Move
Two major New York banks led a cut in floating basic interest rates to 4.5 percent, the lowest in 11 years, with Citibank shaving passbook savings to 4 percent. The reductions follow Fed actions pumping money into the system to stimulate the economy and offset potential foreign cashing of U.S. securities.
MENTIONED IN THIS ARTICLE
NEW York
First National City Bank
Irving Trust Co
Citibank
Federal Reserve System
Fed
U.S
Cold Night With Snow Possible Across Southwest Oklahoma
A second Arctic air mass moved into Southwest Oklahoma bringing subfreezing temperatures. A 20 percent chance of snow is forecast today and tonight. Lawton temperatures fell from 38 at 4 p.m. Thursday to 22 by morning, then 21 by 11:30 a.m., with north winds 12 to 22 mph worsening the chill across the state.
MENTIONED IN THIS ARTICLE
Oklahoma
Lawton
Bank bomb scare closes First State Bank in Oklahoma City
Oklahoma City authorities evacuated customers and staff after a letter claimed a bomb at the vault would detonate at 12 15 PM. Officials planned a 2 PM reopening if no explosion occurred.
MENTIONED IN THIS ARTICLE
Oklahoma City
First State Bank & Trust Co
Going To Vegas IRS May Be Watching
Nevada bets reveal the scale of IRS gambling tax enforcement. Warren Bates states agents monitor casinos to combat skimming. The agency tracks winnings from table games and slots, with agents often playing alongside patrons to record house totals.
MENTIONED IN THIS ARTICLE
Vegas
IRS
Nevada
Treasury Department
Warren A. Bates
Bates
Plan Unveiled for $500 Million Breeder Atomic Plant in Tennessee
The Atomic Energy Commission announced plans to build a $500 million breeder reactor plant in Rogersville Tennessee to supply power to TVA and breed new atomic fuel. The project aims to prove feasibility of breeder technology with private industry funding about 240 million and operation by 1980. A second demonstration plant could follow in the late 1980s to establish a long term breeder industry.
MENTIONED IN THIS ARTICLE
Washington
The
Atomic Energy Commission
Tennessee
Commonwealth Edison Co. of
Chicago
Tennessee Valley Authority
AEC
Nixon
Rogersville
Tenn
Knoxville
TVA
James R. Schlesinger
Schlesinger
Law ton Urban Renewal Board approves survey contract after deadlock
Law ton Urban Renewal Authority members split 2-2 on a 21 275 diagnostic survey for a Southeast Lawton Neighborhood Development Program area. Chairman Gaskins cast the deciding vote to award to a local firm, after Executive Director Arch March urged board policy consistency and HUD requirements.
MENTIONED IN THIS ARTICLE
Lawton
LURA
Don Gaskins
Arch March
NDP
Department of Housing and Urban Development
Adam Matthews
March
HUD
Epidemic Sweeping Muskogee Area Tied to Flu Deaths
Two notable deaths in eastern Oklahoma are linked to a flu outbreak in the Muskogee region. Health officials report rising illness, full hospitals in Altus, school closures in Muskogee and Drummond, and high absentee rates as authorities monitor spread.
MENTIONED IN THIS ARTICLE
Uskogefr
Okla
Oklahoma
G. Nat Irish
Altus
Altus Hospital
Muskogee
Harvey Randall
Irish
Oklahoma Highway Commission
Dewey Bartlett
Scheuer Expelled from Soviet Union After Dinner Visit
The Soviet Union ordered the immediate expulsion of U.S. Representative James H. Scheuer after he attended a dinner at a Jewish professor’s home en route to Israel. He was held for two hours in Moscow and left for Leningrad. The embassy said the expulsion cited improper activities while visiting as part of a Brademas group, though it noted no Soviet law barred such visits.
MENTIONED IN THIS ARTICLE
Stott Phote
Sill
Raymond G. Davis
Marine Corps
Fort Sill
Moscow
Soviet Union
U.S
Israel
James H. Scheuer
New York
Leningrad
Scheuer
Georgy Kornyenko
Foreign Ministry
United States
Kornyenko
Foreign Office
Slight Increase Reported Here
Lawton area flu cases rose only slightly in 24 hours with no epidemic suspected. Southwestern Hospital reports four confirmed cases while Memorial Hospital has none. Hospitals near capacity, but officials say the local situation is not critical and cases are not Hong Kong flu. Dr. Green urges precautions including fluids and avoiding cold air exposure.
MENTIONED IN THIS ARTICLE
Lawton
Charles Green
Southwestern Hospital
Memorial Hospital
Green
Hong Kong
Grape Farm Dream Faces Snags in Atoka County Plan
Gov. David Hall's Orchards for the Poor project aims to relocate 300 poor urban families to Atoka County to clear 10 acres each for grape and berry growing. Officials reported site evaluations show mixed suitability and land price disputes may reduce participant numbers.
MENTIONED IN THIS ARTICLE
USSA
Okla
David Hall
Atoka County
State Office of Economic Opportunity
Joe Carter
Hall
William Vaught
Soil Conservation Service
Rex Sparger
Also Mentioned on This Page
Kendall Hatch
Lawton High School
Southwest Oklahoma
Eisenhower High School
Col
Amarillo, Tex
Tradewinds Airport
Amarillo
Royee Darrell Gant
Janie
Meg
Congress
Saigon
North Vietnam
Indochina
Demilitarized Zone
South Vietnam
Dmz
LA Times
Washington Post Service
Reno
Nev
Internal Revenue Service
Ralph Wolverton
Bill Greb
Wolverton
Informa
Soviets Boot
Muskogee Area
Drummond
Enid
Jack Fenimore
Sparger
Tulsa Daily World
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