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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Aug 18, 1973

Page

20

Loan Rates Make Mark On Market

Loan rates rise impacting consumers and businesses as markets adjust in response to higher borrowing costs. Banks alter loan offerings, with lenders citing adjustments in prime rates and federal policy signals.

Market Slump Dampens Wall Street Amid High Rates

New York AP reports stocks drifted in listless trading as interest rates and inflation weighed on sentiment. The Dow industrials closed down about 0.9 percent near year lows, with volume led by Travelodge International and Deere, while farm stocks and pharmaceuticals showed mixed moves amid ongoing rate concerns and anticipated price regulation hearings.

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Also Mentioned on This Page

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