Quarterly figure is year's record balance of payments
The U S balance of payments deficit narrowed to 163 million in the second quarter due to foreign investment in high interest certificates. Secretary Fowler called the trend temporary and blamed the shrinking trade surplus, predicting improvement with price stability.
MENTIONED IN THIS ARTICLE
Joseph E. Coyne
Washington
U.S
United States
Secretary of the Treasury
Henry H. Fowler
Fowler
Commerce Department
Sheen
Federal Reserve Tightens CD Reserve Requirement to Six Percent
The Federal Reserve Board raised the reserve on time deposits to 6 percent, from 5, applying to deposits over 5 million at member banks. The move, effective Sept 8 for large banks and Sept 15 for smaller banks, aims to curb overissuance of time certificates and temper credit growth amid inflationary pressures. It will raise total required reserves by about 445 million dollars, with most impact on large city banks. The announcement notes no link to overnight prime rate changes and underscores a broader restraint on bank credit expansion.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Federal Reserve System
Ase
Federal Reserve
Texas Banks Raise Prime Rates Near Station Report
Texas banks said they are lifting interest on loans to as high as 7 percent. Republic National Bank of Dallas said its prime rate rose to 6 percent after action by First National Bank of New York. El Paso National Bank chairman W S Warnock noted the bank’s rate at 6 2 percent.
MENTIONED IN THIS ARTICLE
John Drollinger
Texas
Republic National Bank of Dallas
First National Bank of New York
W. S. Warnock
el Paso National Bank
Warnock
George Merriman
Corpus Christi State National Bank
Police Nab Second Suspect In Shooting Of Detectives
London police capture James Duddy in Glasgow two days after the fatal shooting of three detectives. Duddy, 37, is the second suspect trapped near the Gorbal slums, while Harry Roberts remains Britain’s most wanted. Ballistics point to one gun used in the ambush.
MENTIONED IN THIS ARTICLE
Anthony C. Pearce
London
Scotland
James Duddy
Duddy
Glasgow
Harry Maurice Roberts
Britain
Scotland Yard
Erts
John Edward Witney
Four Injured In Accidents Here
Four people were injured in local traffic mishaps Wednesday none hospitalized. Louise Dickey Mitchell 41 and Anna Campbell 41 were treated after a two car collision at Sith Street and Avenue L around 9 45 am. Robert Williams 1 118 Avenue I was treated after a two vehicle crash at 34th Street and Avenue N near noon. Rhonard Hayden McCarty 24 2002 Sth Street was treated and released after a motorcycle crash at 4th Street and College Avenue around 2 15 am.
MENTIONED IN THIS ARTICLE
Louise Dickey Mitchell
Ave. H
Anna Campbell
65Th St
Sith St
Ave. L
Robert Williams
Ave. I
34Th St
Ave. N
Rhonard Hayden McCarty
Sth St
Methodist Hospital
4Th St
College Ave
Nosey Note on Names Sparks Levittown Bet Prank
In Levittown New York Mrs. Fred Doff knelt on a towel and pushed a peanut 140 feet with her nose after losing a bet to her husband. Neighbors watched as the feat paid off the stake and a query on Mary versus Elizabeth as the Queen mother’s name circulated. The gag ends with a historic reference to New York’s Metropolitan Opera House opening in 1885.
MENTIONED IN THIS ARTICLE
Levittown
N.Y
Fred Doff
England
Anne
New — York
Metropolitan Opera House
Patman Pushes Lower Interest Bill To Curb Deposits
Chairman Wright Patman of the House Banking Committee urged House members and sent letters asking for support for a bill setting a 4.5 percent ceiling on interest banks pay on fixed deposits up to 100000. The measure targets certificates of deposit seen as draining funds from building and loan organizations and worsening building funds shortages. Patman said Speaker McCormack would recognize him Monday to bypass the Rules Committee and bring up the bill.
MENTIONED IN THIS ARTICLE
Washington (Ap
Wright Patman
D-Tex
House
Patman
Aso
Atman
John. McCormack
House Rules Committee
Lubbock Declares Ica Peru a Sister City
Lubbock and Ica Peru become sister cities after Mayor W D Rogers Jr signs a resolution. Ica with about 50 000 people lies near the Pacific in Peru’s cotton belt and hosts a university and a museum. Partners of the Alliance Day proclaimed.
MENTIONED IN THIS ARTICLE
Globe Discount City
34Th St
Ave. Q
W. D. Rogers, Jr
E. M
Lou) Zalta
Houston
St. Gov
Preston Smith
Harry Cherry
Lubbock
Ica
Peru
Jose A. Oliva Razzello
W. D. (Dub) Rogers Jr
Rogers
Pacific Coast
Texas
Alliance
Space Walk Time Stretch Considered For Gemini 11
Gemini 11 astronaut Richard Gordon may extend his space walk from 55 minutes to about 100 minutes during the September 9 mission with Charles Conrad Jr. Flight planners seek more time for the stroll to enable a complete around the world loop and additional experiments.
MENTIONED IN THIS ARTICLE
Ronald Thompson
Clifford Charlesworth
Navy
Cmdr
Gordon
Charles A. Conrad Jr
Insurance Firm and City Win Suit Over 1964 Collision
A 137th District Court jury ruled for Fireman's Fund Insurance Co. and the City of Lubbock intervenor, awarding $550 to the insurer for a police car collision with RB H Byrd on Sept 4, 1964 at 35th Street and Quaker Avenue. The City was awarded $434.50 against the Gillispies for police car damage.
MENTIONED IN THIS ARTICLE
137Th District Court
Fireman's Fund Insurance Co
John L. Gillispie
Benjamin Franklin Gillispie
City of
Lubbock
City of Lubbock
RB. H. Byrd
Byrd
Alman Lee McMinn
35Th Street
Quaker Avenue
Gillispies
R. G. Webb
Isaac Castilow
Rex Johnson
Carl Stephenson
Fred Underwood
J. W. Vanstory
E. F E. Winters
Sid Capshaw
T. D. Custer
J. E. Harman
Alton G. Brewer
Philip Weyne
Norton
James A. Ellis
Youth Injured In Tulia Motorcycle Collision
An 18 year old Tulia youth was injured when a motorcycle collided with a car at the Apache Trail and Austin Street intersection. The rider, Mike McCreary of Tulsa, was hospitalized after transfer to Northwest Texas Hospital in Amarillo with lacerations and a possible compound fracture. The car was driven by Mrs Olen Baughman of Plainview. her 14 year old granddaughter Debra Gilbert was uninjured. Investigating officer Charley Lewis noted the crash occurred as the motorcycle turned from Apache Trail to Austin Street.
MENTIONED IN THIS ARTICLE
Tulia
Apache ‘Trail
Austin St
Mike McCreary
EF. A. McCreary
10Th St
Tulsa
Swisher County Memorials Hospital
Northwest Texas Hospital
Amarillo
Olen Baughman
Plainview
Bomb Found in Cabinet at Offutt Air Base
A crude homemade black powder bomb was found Wednesday in a filing cabinet at Offutt Air Force Base in Nebraska. Lt Bennie J. Wilson IV disarmed a battery attached to the device and it was sent to Washington for investigation. Evacuations occurred and base commander Col William F Reynolds ordered a full inquiry.
MENTIONED IN THIS ARTICLE
Omaha
William F. Reynolds
Air Force
Bennie J. Wilson IV
Wilson
Washington
Offaly
Rangers May Enforce Child Support Writ
Texas Ranger may execute a writ of commitment for contempt in child support cases, the attorney general said. The ruling to Col Homer Garrison allows a Ranger, when directed by a judge, to detain persons for contempt and treat them as under arrest, without immediate magistrate review or bail.
MENTIONED IN THIS ARTICLE
Austin
Texas
Ranger
Homer Garrison
Department of Public
Library Workshop Set In City Next Week
The Texas Tech Library will co sponsor a Young Adults Literature Workshop directed by University of Texas Prof Dr Geneva Pilgrim at the Lubbock Public Library August 24 26 Tech librarian R C Janeway announced. Dr Pilgrim associate professor of curriculum and instruction of English education at UT holds BA from Hamline University and earned masters and PhD at Northwestern. Co sponsors include the Lubbock Library and the Texas arote Library Field Services Division Public librarians invited Certificates of completion will be awarded by the TSLFSD.
MENTIONED IN THIS ARTICLE
Texas Tech Library
University of Texas
Geneva Pilgrim
Lubbock Public Library
Tech
R. C. Janeway
Pilgrim
Hamline University
Northwestern
Care Rently
Uniersity of Texas
Lubbock Library
Texas Arote Library
Janeway
Tslfsd
Also Mentioned on This Page
Lubbock Avalanche Journal
Harold F. Linder
Merriman
Mer’riman
Gorbals
Mary
LCC
F. W. Mattox
Center
Lubbock Christian College
James Edgar Coleman
Rebecca Coleman
Cloudcroft
N. M
Charlesworth
Eugene A. Cernan
City Win Suits
Fital
Luis Leal
Traders and General Insurance Co
Leal
D. F. Rogers Truck Line
Arthur Bisbee
Newport
R. I
Dyess
Viet Nam
Saigon
South Viet Nam
da Nang
Hoa Cunong
AF Base
Crusader
Walter J. Doherty
Gold Hill
Ore
Radio Hanoi
Tthe U.S. 173Rd Airborne Brigade
Sai‘gon
Tan Son Nhut
Tt A
Nha Be
U.S. Marine
1St Infantry Division
Library Workshop
City
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