Bank Defends Hike Of Prime Interest Rate
Alfred Brittain III of Bankers Trust testified before the House Banking Committee that the prime rate rise helped keep lending capacity available for small businesses and essential borrowers. He noted residential mortgages at 7 percent would stay and small business rates would rise less than the prime jump. The hearing featured Patman accusing Kennedy of conflicts over ties to Continental Illinois National Bank. Kennedy denied any legal or moral issue.
MENTIONED IN THIS ARTICLE
Washington
Congress
Alfred Brittain III
Bankers Trust Co
New York
Bankers Trust
House Banking Committee
Brittain
Wright Patman
D-Tex
Secretary of the Treasury
David M. Kennedy
Patman
Continental Sinois National Bank of Chicago
Kennedy
Senate Finance Committee
Treasury
Rhodesians Vote on Break with Britain Referendum
Voters in Salisbury cast ballots on two questions enshrining white supremacy and declaring Rhodesia a republic. The Rhodesian Front expected a strong yes vote as turnout appeared high among 90 000 eligible electors including 10 000 non whites.
MENTIONED IN THIS ARTICLE
Salisbury, Rhodesia
Rhodesia
Rhodesian Front Party
Republi
Rodney Simmonds
California
Ian Smith
Smith
London
Britain
U.N
South Africa
Trend Is Mixed In Stock Market Trading Session
The stock market held a thin gain in moderate trading as investors remained cautious. The Dow Jones averaged 883.08 at 1 p.m., up 0.71, with gains led by optimism from President Nixon's Vietnam withdrawal prospects and bargain hunting amid tight money. The AP mean at noon stood at 314.6, up 0.7, as industrials rose 1.0, rails 3, utilities 0.7.
MENTIONED IN THIS ARTICLE
New York
Vietnam
Nixon
Associated Press
River Stage Readings Show Small Rise at Camden and Monroe
River gauges report Camden at 265.2 with a 0.7 rise and Monroe at 40, with stage not listed. Officials monitor flood potential as levels change.
MENTIONED IN THIS ARTICLE
Camden
Monroe
St Frederick Athletic Assn to Host Barbecue Dinner
The St Frederick Athletic Association will hold a barbecue chicken dinner Sunday from 11 a.m. to 2 p.m. at the school on Westminster Ave open to the public with take out available. Rev Fr Warren T. Larroque, principal, announced details. Louis Goleman of 208 Newberry Monroe and family returned home from a two week West Texas vacation. Goleman is an air traffic control specialist at Monroe control tower.
MENTIONED IN THIS ARTICLE
St. Frederick Athletic Association
Westminster Ave
Warren T. Larroque
Louis Goleman
Newberry
Monroe
Texas
Goleman
LSU Maintains Compliance While Reaffirming Cooperation
LSU tells HEW it will cooperate with Negro Southern University but avoids pledging a desegregation plan. Board approves action authorizing President John Hunter to appoint reps to meet Southern with state board approval. HEW seeks joint meeting. Washington session canceled and rescheduled.
MENTIONED IN THIS ARTICLE
Baton Rouge
Louisiana State University
Negro Southern University
Department of Health, Education and Welfare
LSU
Leon E. Pannetta
HEW
Panetta
Board of Supervisors
John Hunter
Southern
State Board of Education
State Board
LSU Board
Fred Tannehill
Washington
Clint Murchison Sr dies at 74 in Athens hospital
Millionaire oilman Clint Murchison Sr., 74, died early today at Henderson County Memorial Hospital in Athens after years of declining health. Funeral arrangements are with Hassell and Foster Funeral Home. Once a leading Texas oilman, he built a vast empire across oil, railroads, publishing, buses, taxis, theaters, real estate, and more, reportedly controlling 115 companies at one time.
MENTIONED IN THIS ARTICLE
Athens
Tex
Clint Murchison Sr
Henderson County Memorial Hospital
Henderson County
Hassell and Foster Funeral Home
Murchison
Warm And Clear Continues Here In Louisiana Weekend
Northeast Louisiana residents can expect warm temperatures and clear to partly cloudy skies this weekend. Sunday will be partly cloudy with a chance of thundershowers and no major temperature changes. A weak high pressure ridge will dominate Louisiana through Saturday with highs 90 to 96 and lows 68 to 74.
MENTIONED IN THIS ARTICLE
Louisiana
United States
Gulf of Mexico
Twin Cities
FAA
Monroe Municipal
Monroe
Spacecraft launch facility to fire unmanned craft
Modifications to the launch complex, including a mammoth structure, will complete on schedule and enable use for unmanned space spy craft. AP Wirephoto.
Nixon Sees Hope for Vietnam Troop Drawdown and ABM Stand
President Nixon expressed optimism about reducing U S combat forces in Vietnam by year end and even by 1970 as Clifford proposed. He forecast inflation controls taking effect in 2 3 months and vowed to push Safeguard anti ballistic missile plans without compromise amid Soviet multi warhead threats.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Vietnam
New York City
Dr. Luther King
Clark Clifford
U.S
Clifford
Nguyen van Thieu
Secretary of the Treasury
David M. Kennedy
White House
Senate
Defense
Melvin R. Laird
Soviet Union
United States
Airports dispute ends as controllers return to work
Air traffic controllers resumed full staffing nationwide signaling the end of a congestion crisis. PATCO lawyer F Lee Bailey said no formal agreement was reached but urged members to return to work after a four hour Washington meeting. FAA chief Shaffer praised the move and centers reported normal operations resuming.
MENTIONED IN THIS ARTICLE
Washington
F. Lee Bailey
Professional Air Traffic Controllers Organization
Bers
Federal Aviation Administration
Bailey
Boston
FAA
PATCO
Air Traffic Control Center
Chicago
New York
John H. Shaffer
Dunham Firms Accused In U S Action
In New Orleans a federal grand jury indicted Edward Grady Partin and Ted F. Dunham Jr. with conspiring since 1966 to monopolize concrete products in Louisiana. The case charges extortion and price fixing through strikes, work stoppages and violence at sites in Donaldsonville and Plaquemines Parish, affecting Baton Rouge area buyers.
MENTIONED IN THIS ARTICLE
Washington
Edward Grady Partin
Teamsters Union
James R. Hoffa
Louisiana
Partin
Ted F. Dunham Jr
Atty
John N. Mitchell
U. S
New Orleans
Dunham Companies
Dunham
Dunham Concrete Products Inc
Louisiana Ready Mix Co. Inc
Anderson-Dunham Inc
Donaldsonville
Plaquemines
Baton Rouge
Olla Auto and Furniture Store Destroyed by Fire
A Thursday night fire in Olla completely destroyed White's Auto and Furniture Store. City marshal Cliff Barton said the building and contents were a total loss after more than two hours of fighting by the Olla Volunteer Fire Department. A new furniture department opened two weeks earlier. The fire began in the rear near the office. cause is undetermined and under investigation.
MENTIONED IN THIS ARTICLE
Olla
White
Cliff Barton
Barton
Qolla
Miccosukee Green Corn Dance Hindered by Jetport Plan
Miccosukee Indians in Frog City Florida held the Green Corn Dance as pressure grows against a planned jetport 50 miles west of Miami. Tribal leader Buffalo Tiger laments loss of land and livelihood while conservationists warn of Everglades damage. The project occupies tribal elders during the annual ceremony as dissent rises over federal funded development.
MENTIONED IN THIS ARTICLE
Frog City Station
Fla
Miami
Everglades
Buffalo Tiger
U.S. Senate
Everglades National Park
Tamiami Trail
Tiger
American tuna boats seized by Ecuador patrol
Six American tuna fishing vessels were fired upon and seized by an Ecuadorian patrol boat for alleged violations of Ecuadorian territorial waters. Captain Julius Alioto of San Diego reported the incident. no injuries were reported.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Ecuador
American Tunaboat Association
Julius Alioto
Tunaboat Association
Chuckle Cartoon Caption Poem About Vacations
A humorous line notes a vacation as what you take when you cannot bear what you have been taking any longer. The quip plays on fatigue and seeking relief from daily routines.
Also Mentioned on This Page
Berena Alfonso Vita
Caribbean
Vita
Uruguay
Montevideo
General Motors
Rockefeller
Nelson A. Rockefeller
Paraguay
Tupamaros National Liberation Movement
Nelson Rockefeller
Tupamaros
Clint Murchison
Manned Orbiting Laboratory
Vanderberg Air Force Base
Air Force
News-Star——World
Dial
Star—World
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