Babson Report sees hope as China may open to world
The piece notes internal Chinese party struggles under Mao Tse tung with a reformist challenge from longtime comrades. It describes the Red Guard, cultural revolution purges, and concerns over food shortages and population growth. It concludes a potential shift toward a more open society that could benefit China and the world.
MENTIONED IN THIS ARTICLE
Babson Park
China
Communist Party
Mao Tsetung
Mao
Times
Red Guard
City bonds fetch surprise low rate amid rising rates
The sale of 1 million dollars in city hall library bonds yielded a 3.75 percent rate, beating expectations as bids remained under 4 percent. City manager Bill Donaldson notes past tax and market changes shape investor appeal, with prior sewer and school bonds trading around 2.56 to 4.07 percent in recent years.
MENTIONED IN THIS ARTICLE
City Hall - Library
City Park
Bill Donaldson
John
Son
Three area banks report new 1966 earnings records
Arizona Bank posts net operating earnings of 1 568 244 for 1966 up 18.5 percent from 1965 and earnings per share of 2.02 on 777 500 shares. First National Bank of Arizona shows assets above 600 million and net operating earnings of 4.4 million up 19.5 percent, with per share income of 3.55. Guaranty Bank reaches 79.7 million in resources and 62.3 million in deposits, with net operating earnings of 277 440 or 87 cents per share and gross earnings rise to 39.2 million.
MENTIONED IN THIS ARTICLE
Arizona Bank
Lloyd A. Bimson
First National Bank of Arizona
Sherman Hazeltine
Guaranty Bank
James P. Simmons
Simmons
Fuse inventor turns to peaceful tech aims
Cary Wellington, once a young designer of bombs and booby traps, now leads Wellington Electronics in New York. He develops aluminum foils to shrink electrolytic capacitors and heat resistant veneers, criticizing U S secrecy in capacitor research and noting Russians stay ahead.
MENTIONED IN THIS ARTICLE
William D. Laffler
UPI Financial
New York
UPI
Cary Wellington
Wellington
Wellington Electronics
Cary
United States
Buying wave boosts market as stocks end week higher
New York markets closed the week on a cheerfully higher note with a late buying spree. Volume was 9.59 million shares amid a slow session, with the Dow Jones Industrial Average up 0.72 to 847.10 and the NYSE index showing a gain as investors weighed easier money signals against weaker construction data.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
United Press International
Dow Jones
Aera
Ampex
Hallock Fund
Iee Geirets
Delaware Mutual
SCM Corp
Vly
Eeiaecene ‘Hin
Mavs Ian Trust
Growthwae Pee Studebaker
Ela Wnel
Finatelal
Motors
Ford
Iacky
Jou Gaming
White Motors Deer
General Motors
White An
Euclid
Steels
Allegheny Ludlum
Yank of America
Crocker-Cicheens
Kalwer
Lynch Cent
Aid Honeywell
Fae Texaey
Sanders Associates
Southweat
Fargo
Home improvement loans favored in tight money period
With FHA and conventional home improvement loans offering higher rates than purchase loans, borrowers aim to fix up existing homes as mortgage access tightens. FHA purchase loans at 6 percent max contrast with FHA improvement loans at about 9.5 percent, while conventional rates reach 12 to 18 percent regionally.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Housing Administration
FHA
Federal Reserve Board
Payne Co. President Sees Growth in Heating Industry
Ray A Tritten president of the Payne Co of California spoke at Mountain Shadows resort Scottsdale during a workshop for wholesale and retail distributors. He warned business would be tough and money tight but predicted growth in commercial industrial school and replacement add on markets with about 300 firm representatives attending the conference.
MENTIONED IN THIS ARTICLE
Ray A Tritten
Payne Co
California
Mountain Shadows Resort
Scottsdale
Tritten
Tight Money Era of 1966 Reshaped U S Banking
In 1966 Americans faced tight credit as Federal Reserve actions and higher rates cooled inflation since the Vietnam era. Banks widened services and adopted electronic accounting, while mortgages tightened and savings and loan traffic slowed.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve System
Federal
Vietnam
Federal Reserve Banks
Fed
Savings and Loan Associations
Standard & Poor
Also Mentioned on This Page
Babson Report
News of China
Free World
Stalin
Russia
Chairman Mao
Civic Center
City Hall
Donaldson
Banks
Admiriss
Admiral
Crown
Lge & My Tas
Bt Regis
Aeroquip
Crachl
Ling Temeo
Shell
Alcan Alum
Litton Shined Bay
Sinclais Oy
Cudahy Co
Lockheed
Alfied Ch Curtiss
Lorillard
Sperry A
Cyclops Corp
BON Lou & Naa
Alcoa
Deere
Lukens
Magnavox
Diana Bt
Marathon
Amn
Douglas AG
Martin Mar
Dow
Arm
Cya
Stokely
Eastman
Bludebiker
Amu
Mobil
Bunray
Monsanto
Eltra
Swift
Mont Ny
Anny
Bay Bekman
Dynam Baty
Bi Bell & Haig
Eleit Bendix
Gen Foods
Nortorp
Olin
Horden Ae
Owens Or vi
Borg Wrar
Gillete
Arunawick
ROY Tao
Case Arena
Greyhound
Cult
Venney AG
Cerro
Chen & Oh
Penn
Honeywell
Mor Walarna
Idaho
Mey
Wash
Nitta
Ba Cova Colm U
AG Weyerhaue
Jones & Lyh
Raytheon
Ned Owl
Konnecott
Rudy
Ker
Rey
Yxuetn Btary Cooper Ind Koppers Rey Toh
Corning
Lehigh Val Ind
Fie Safeway
Zenith Tonsa
Electronica
Scientific Data Systems
Superior Oil
Standard Oil
New Jersey
U.S
Aires
Eastern Advanced
KLM
Northwest
Braniff
Panagra
Baving
Mummy Mountain
Kiva - Saguaro
Port Realty “Realtors
North Old Scottsdale Rd
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