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Press Telegram in Long Beach, California

14 Sep 1973

Page 19

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Press Telegram September 14, 1973 Page 19 old newspaper archives

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Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Sep 14, 1973

Page

19

Market rises after lending rate hike sparks cautious gains

New York stocks rose after the Federal rate hike to 10 percent sparked mixed sentiment. The Dow Jones Industrial Average advanced 5.79 to 8636 as gains outpaced declines on the NYSE with growth stocks lifting Polaraid, Bonderysa Systems, and Bairchild Camera amid cautious trading and talk of a tax boost.

MENTIONED IN THIS ARTICLE

New York la New York Stork Exchange Wells Fargo Bank Prulay First National City Ralph Acamporg Harris, Upham & Co Acampora NYSE Polaraid Bonderysa Systems Bairchild Camera Williams Sporry Rand toSit Gulf Oi
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California bank raises prime rate to ten percent

New York and California feed a national move as Wells Fargo announces a 10 percent prime rate jump for corporate lending effective today. Analysts debate Washington backlash while the House Banking Committee holds hearings on the credit tightenings. In Sulphur, California, five year old Rena Olvis died when a tractor-trailer struck the vehicle she rode in, injuring her parents and four others.

MENTIONED IN THIS ARTICLE

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Also Mentioned on This Page

Araca Maume Eratae Pama Menanesn Babel Calif. Bank
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