Week’s Market Roundup Reflects War Fears and Rate Hikes
A week of stock losses amid fears of U S bombing in North Vietnam and rising interest rates saw the Dow fall to near May lows. Banks lifted prime rates to 5 percent and 6 percent on broker loans, fueling selling pressure before a late rally. Bond prices dropped as rates rose and investors weighed war uncertainty.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York
U.S
North Viet Nam
Hanoi
Haiphong
Chemical Bank New York Trust Co
Morgan Guaranty Trust Co
Associated Press
American Telephone
Douglas Aircraft
Texas Gulf
Fairchild Camera
Robert Regan Ness
Selby Chemical Bank
White House
Chemical Bank
Federal Reserve System
FRB
New York Stock List Shows Wide Range Of Week’s Moves
A compiled record from the New York Stock Exchange lists weekly trading, highs lows and last prices for numerous stocks. The document notes changes from the prior week and includes numerous company names, prices and percent shifts across sectors.
MENTIONED IN THIS ARTICLE
York
New York
Fragmented numeric table fragment with stock symbols confusion
Readable parts show a dense financial table with percentages and codes. The fragment includes references to the Associated Press and stock base figures, dividend notes, and symbol legends, but lacks coherent narrative or identifiable events.
Interest Rate Rise by Morgan Guaranty Trust
Morgan Guaranty Trust Co raised the loan rate to 6 percent from 5 percent as brokers faced higher borrowing costs. Competitors monitored the move as market liquidity and stock activity showed strain amid the rate hike.
Burns News: Kennedy Jr Faces Minor Burns Surgery
The five year old son of the late President, Kennedy Jr., will undergo minor surgery for burns from hot coals at Kapuna Beach Hawaii. Dr Eldon Dykes said the boy is progressing well and will be treated at Straub Clinic. The injury occurred during an overnight camp-out with his mother and sister.
MENTIONED IN THIS ARTICLE
John Kennedy
Honolulu
UPS
Kennedy Jr
Eldon Dykes
Straub Clinic
Kapuna Beach
Hawaii
Jacqueline
Caroline
Veterans March in Austin to Back Viet Nam Policy
About 50 members of the American GI Forum led a downtown parade in Austin to the state capitol steps affirming support for the Vietnam war. They carried signs like Defend Freedom and All the Way With LBJ and were met by a countergroup on capitol grounds.
MENTIONED IN THIS ARTICLE
Austin
UPI
Veterans’ Organization
State Capitol
Viet Nam
American GI Forum
Defend Freedom
LBJ
Capitol
United States
New President Offers Peace For Guerrillas
Guatemala's Julio Cesar Mendez Montenegro, 51, assumed the presidency marking the end of a three year military regime. He offered peace to leftist guerrillas but warned of harsh action if rebels exploited the civilian government. The state of siege remains in effect from May 10 under Col. Enríque Peralta Azurdia, who led after the 1963 overthrow of Miguel Ydígoras Fuentes.
MENTIONED IN THIS ARTICLE
Guatemala
Julio Cesar Mendez Montenegro
Mendez Montenegro
Enrique Peraltz Azurdia
Peral
Canyon Tulia Guardsmen Win National Guard Trophy
The Texas 36th Infantry Division honored three national guard units in its annual review at Fort Hood. Canyon and Tulia guardsmen, drilling as Company C 2nd Battalion 142nd Infantry, earned the National Guard trophy for rifle marksman qualification, accepted by Capt. Don W. Sanderson.
MENTIONED IN THIS ARTICLE
North Fort Hood
UPI
Texas 36Th Infantry Division
National Guard
Canyon
Tulia
142Nd Infantry
Don W. Sanderson
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