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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 28, 1966
Page
9
William T. Grant retires as chairman and director of the W. T. Grant Co. after founding the merchandising chain sixty years ago. Edward Staley, age 62, has been named chairman by the board, as Grant celebrated his 60th birthday yesterday.
The Chicago market opened with mixed results as soybeans edged higher by about 3.24 to 4.74 cents, corn gained modestly, wheat declined, and rye slipped. Prices varied across grains in early trading, reflecting commodity volatility.
New York Dow Jones at 1 p.m. shows industrials down 9.2 to 79.67, railroads at 228.16 off 15, utilities 132.09 down 0.1, and stocks at 308.63 off 2.5 on volume of 3,680,000 shares.
Prime Minister Harold Wilson announced a Commonwealth prime ministers conference for September 6 to 15 to discuss tightening economic sanctions against the rebel white minority regime in Rhodesia.Officials reported today.
The National Bank of Commerce has declared its 188th consecutive cash dividend payable July 1. The regular quarterly dividend of 25 cents per share on $10 par value stock will be distributed to stockholders of record as of June 15. A total of $150,000 will be paid on 600,000 shares held by more than 3,200 stockholders.
A fragmented note appears to reference a memo location and a name. The readable bits suggest an instruction to wake a memo at an address in a city context. Details are sparse and no clear person or institution is fully named.
Washington AP The Federal Home Loan Bank Board authorized savings and loan associations nationwide to pay up to a specified percent interest on certain time deposits. The move followed a Federal Reserve Board step to ease the rate war between banks and thrifts by imposing moderate limits on certificates of deposit. Board Chairman John E Horne said the action was minimal but decisive. Horne noted a two day meeting with 12 Home Loan bank presidents prior to the decision. Beginning July 1 associations may issue six month savings certificates with a minimum $1,000 denomination at a fixed annual rate, without losing the right to borrow from the system.
Perry G. Halbert of De Soto Missouri has been reelected president of the National Association of Enrolled Federal Tax Accountants in Chicago AP reports the leadership vote confirms his continued leadership of the professional group bringing together tax accountants from across the country.
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