Market Ends Week With Modest Dow Gain On Labor Fed Sparks
New York stock market closed the abbreviated week with a modest rally led by gains on Friday after the Labor Department reported June wholesale prices rising 4 percent and the Fed signaled easing credit. The Dow rose 11.45 points to 1014.02, with the NYSE index up 0.49 to 54.06 and volume totaling about 79.8 million shares. Advances outpaced declines as Wall Street eyed a possible test of the 1015 mark and the year’s high.
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New York
UPS
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Federal Reserve Board
Wall Street
Fed
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Scudder
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Invest Equity
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Local Theaters Get Technical By Frank Trejo
San Antonio motion picture operators handle modern sound and color projectors as veteran George Lantz reflects on the evolution from hand cranks to automated systems. Lantz, once with Alpes and Cingrama, now works for Colonies North Theater, noting theaters he’s served and family life in this evolving trade.
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Shotion
George Lantz
Colonies North Theater
Frank Trejo
San Antonio
Local 407
Lantz
Colonies North
Signal Corps
Washington, D. C
Alpes Corporation
Cingrama Corporation of
Dallas
Texas
Jobn Wayne
Alamo
Brackettville
Carrizo Bank FDIC Payoff Continues Through Weekend
FDIC examiners will continue paying out deposits at Citizens State Bank in Carrizo Springs through the weekend after the bank was closed by federal authorities following an audit showing over 3 million in uncollected loans and 916 thousand in unbalanced funds. Deposits may be insured up to 4 thousand per account with more than 9 million already paid out. CEO Enrique Salinas faces legal challenges as a separate 1.4 million suit is filed against him in San Antonio.
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Federal Deposit Insurance Corp. Examiners
Citizens State Bank
James Kazen
Laredo
State Bank Examiners
Eagle Pase
Enrique Salinas
FDIC
Salinas
San Antonio
Carrizo Springs
Union Sate
Corrected Caption Identifies Woman at Costume Party
The caption under a Friday photograph of two people dancing at a Parks and Recreation Department costume party has been corrected. The woman shown is Mary H. Gonzales, not the previously identified individual.
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Pape
Parks and Recreation Department
Mary H. Gonzales
Weather Averages and Sky Conditions Report
Yesterday's high reached 77, with 79 percent humidity at 6 p.m. Easterly winds at 12 mph. 0.50 inch precipitation in past 24 hours, 2.72 inches for the month, 17.69 inches year to date. Moon phase is First Quarter. Moon set and rise times noted for Saturday and Sunday with sunsets at 8:37 p.m.
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S.A
P.m
Rain Hit Portions of Texas with Thunderstorms
Weather service warned of heavy storms across Texas Gulf Coast with rainfall up to two inches per hour and severe lightning. A tornado briefly touched down in Portland causing minor damage as rain spread from the southern to northern parts of the state.
MENTIONED IN THIS ARTICLE
Texas Gulf Coast
National Weather Service
Portland
Texas
Weather Bureau
Tip Leads to Ring Hideout Near New Laredo Highway
Police traced a one year old boy's tip to an abandoned building in the 7401 block of New Laredo Highway used by a car theft ring. Sgt. Richard May found a stripped stolen car and four salvage vehicles as detectives suspect parts were swapped with wrecks. The tip came from a man whose 10-year-old son saw three men loading parts onto a trailer.
MENTIONED IN THIS ARTICLE
Richard May
Bullong
New Laredo Highway
May
Campaign kickoff set for Finck bid in Precinct 2 race
Former State Rep Bill Finck announced plans for his campaign for county commissioner of Precinct 2 with a fundraising cocktail party on September 15 to feature Lt Gov Bill Hobby as guest speaker. Finck, a Democratic nominee, faces Republican Jeff Wentworth as incumbent Frank Vaughan holds the seat. Finck, who runs a local cigar business, served in the Texas Legislature from 1969 to 1972 and chaired the House Appropriations Committee.
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Bill Finck
Precinct
Bill Hobby
Finck
Jeff Wentworth
Frank Vaughan
Finch
Texas
Charranio
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Chaparral Travel
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Lee Loving
Bell
Loving
Lee
Chaparral Travel, Inc
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