Thrift funds lose ground as Treasury yields rise
Federal competition bites into thrift institutions as deposit rates lag Treasury notes. Savings banks and savings and loan associations struggle to attract consumer deposits, while commercial banks leverage diverse income streams. Withdrawals threaten thrifts more than bigger banks, spurring concern over regulatory limits.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Savings and Loan
Uncle Sam
Treasury
Economic forecasts on thrift institutions and rate policies
George McKinney predicts federal action to allow higher savings rates may occur, while Kenneth Thygerson warns S&Is lack earnings capacity for higher rates. 1974 net income fell to 1.482 billion from 1.896 billion as thrifts face disintermediation fears and cap savings inflows.
MENTIONED IN THIS ARTICLE
George McKinney
Irving’Frost
McKinney
Congress
Kenneth Thygerson
U.S. League of Savings Associations
S&is
Mutual
Thygerson
Interest rate worries slow stock market
The stock market fell moderately as rate fears weighed on sentiment. The Dow Jones 30 slid 5.94 to 812.66 with losers leading gainers about 53 to 1. traders noted potential upward pressure on rates from the government deficit. International Paper, U.S. Steel, and Dow Chemical led declines while Katy Industries rose after a Soviet contract.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
New York Stock Exchange
International Paper
U.S. Steel
Dow Chemical
Katy Industries
Soviet Union
NYSE
American Stock Exchange
Commodity Closings from Madda Trading Company
Gold prices rose with London gold at 138.50 and MM Dec gold at 140.00. Silver fell to 4.44, copper slipped to 56.9 cents, wheat down 2.5 cents, corn down 3.5 cents, soybeans down 15 cents, live cattle at 49.10, live hogs 64.25, pork bellies 99.72, eggs 57.55 cents, Maine potatoes 17.45, and cotton 56.7 cents.
MENTIONED IN THIS ARTICLE
Chris Cratt
Chrysler
Clarke
CocaCol
Ap ColGas
SontOi
Crowhin
Crown Cork
CrwZel
Va Curtis Wr
Deere
DelMon
Detta Air
Dennys
DillonCo
Disney
Dresser
duPont
East Air Lin
EasKd
St Eaton
Va Echlin
Exxon
FairCam
FairInd
Va GenEl
G Tire
Genesco Inc
Gerber
GettyOil
Gillette
Ma Global Maram Ns
Greyha
I Harris
Vea HarteHk
Pat Ye Heclam
Hercules
Ya Heubin
Jp Icinds
Implepa
Iowa
Kellogg
Kennecott
Kerr McGee
BAM
Kimbet
KingfRid
Tita
Kraffco
Rances Kresges
Ig Kroger
Avean Et Loot Sandrs Asso
Va Sfelnd
SanFelnt
Ye LenVal Ind
Va Scherg Pl
Vy Lehmn
Sc Cp
Ma Levitz Furn
Scoa Ind
Searleg
Sears
Tata
Shell Oil
Lockhd Airc
Toews
VaalCo
Vola la SingerCo
Smithkline
LaPacif
Ltv-Corp
SterDrug
McDonalds
Stevens
Ma -McDond
MeadCp
Teledyn
Teraco
E MobilOl
Asla
Mohasco
Texaco
Monsan
ThejttOg
Todd Shipyd
Na NewPw
Nengelt
Va Newmt
Uniroyal
Niamp
Unites
Norton
NortSim
Upjohn
Utanintta
Varian
Vsue- Va
Vaepw
Wachova
QutMar
Warners
Eye
OwenCn
Owenslt
Wunian
E PacPetri
Westge
PacPw
Va Weyerhr
PanAm Air
Penn Cent
Witittox
PennDix
Penney
XeroxCo
Pepsica
MedaleCorp
Pfizer
Associated Press
Philae
ATU Va
Ave
Pueblo
Ya Pullman Inc
Va Quaksto
Wy Questor
R—R — Ralston P
Va Rancom
RapAm
Raytheon
Rcai V7
Rdig Bate
Va ReichCh
Revion
Reyind
ReynMet
Rockwilnt
Ryder Sys
SiJoMin
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
Doubletree Inn Scottsdale reports $405000 in advance bookings
The Doubletree Inn at Scottsdale Mall, opening Wednesday, has secured over $405,000 in advance group room reservations through June 1976. Kurt Thelen, director of sales, cites corporate meetings seminars conventions and tours from diverse groups including the 1976 Arizona Federation of Police convention and the Telephone Pioneers of America event in 1976. The 206 room resort offers 450 seating in the main ballroom plus four smaller meeting rooms, a tennis court and pool.
MENTIONED IN THIS ARTICLE
Scottsdale Mall
Kurt , Thelen
the Inn
Arizona Federation of Police
Southwest
California Graduate School of Theology
Telephone Pioneers of America
Telephone Company
Management group to meet at 25th annual conference
The Phoenix Personnel Management Association hosts its 25th Annual Conference on Friday October 3 at the Casa Blanca Inn in Scottsdale. Dr. Robert E. Benjamin of Motorola will address the theme Changing Values of People in Business.
MENTIONED IN THIS ARTICLE
Phoenix’Personnel Management Association
Casa Blanca Inn
Scottsdale
Robert E. Benjamin
Motorola
Benjamin
Motorola Executive Institute
Arizona State University
Dennis Beck
The
Valley National Bank
John Millikin
George Vaughn
Arizona Department of Health Services
Jim Robertson
Dave Baker
Prudential Life Insurance
Phil Nienstedt
Far-Western Placement
Manpower Inc
Temporary Help Service
Western Personnel Associates
Staff Builder
United Bank Opens Scottsdale Convenience Branch
United Bank of Arizona launches its second Scottsdale office as a convenience branch at 70th Street and Indian School Road. The facility features three drive through lanes and an inside walk-up window with two staff, claiming the first state combination of automated teller service and drive through. Herb Drinkwater, a Scottsdale city councilman, joins the bank’s board along with other advisory directors Thomas Barrett Ferris W. Bellamak Harold E. Beyer and Kilgore Macfarline Jr.
MENTIONED IN THIS ARTICLE
United Bank of Arizona
Scottsdale
70Th Street
Indian School Road
Osborn and Brown
United Bank
Bank
Herb Drinkwater
Thomas Barrett
Ferris W. Bellamak
Harold E. Beyer
Kilgore Macfarlane, Jr
County allocates 178000 to 14 chambers of commerce
The Maricopa County Board of Supervisors voted to provide 178000 in county funds to 14 chambers of commerce, including 25000 for the Metropolitan Phoenix Convention Bureau. The Scottsdale chamber will receive 11947, with 30 percent earmarked for national advertising amid changes from the new Industrial Development Authority. Randall of the Phoenix Metropolitan Chamber of Commerce said clerical help and other assistance will be provided to the authority.
MENTIONED IN THIS ARTICLE
Maricopa County Board of Supervisors
Chambers of Commerce
Metropolitan
Phoenix Convention Bureau
Scottsdale
Maricopa County Industrial Development Authority
Also Mentioned on This Page
New York Stock” Exchange
Abbi Lab
Micah
Am Motors
Wa Amt&t
Armco
ArmstCk
Coolass
AsalOil
Aurich
Atlas Corp
Basly Avco Corp
Stat Va Avnetine
Babckw
Balge
Beckman
Wat
Beech A
Bell How
Bendix
Bengt
Boeing
Ty Borden
American Exchange
New
Aver Cruter
Champ Horn
Frontier Air
P Eters
Gearhart
Goldfield Caheed HoustOll
InDiv A
Kalsrind
Tan Mat Ve Kaneb Sv
Loew Thewi Kin Ark
McCall Oil
Ltvcorpwi
Milgo Elect
VoVa
NorCdn Oils
Ormand Ind
Ozark Air
Pan Ocean
Phoenix St
Rath Pack
Ryan Ho
Scottsdale (Az
Daily Progress
Mon
Doubletree
Phil. Young Securities,Inc
Indian School Rd
Phoenix
Phil Cooper
Lincoln Bees
Johnny Miller
Dike
Ayingern
U.S
Bev
Phil Cooper Golf Improvement Plan
Phil Crspper
Scottsdale Daily Progress P. O
BankAmericard
Inter Bank
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