Johnson Plea Eases Banking Nerves On Rates
AP News reports nervousness over higher interest rates easing after President Johnson urged price stability and a leading bank cut its prime rate back to 4 1 2 percent. First National Bank of Boston’s move spurred a brisk stock rally, with autos and steel hitting high output levels in late 1964 despite wage talks and inflation concerns.
MENTIONED IN THIS ARTICLE
Roger Lane
AP Business News
New York
Johnson
First National Bank of Boston
Boston Bank
General Motors
Commerce Department
Tight Money Scare Causes Market Drop
Worry over monetary tightening triggered one of the year’s largest weekly stock losses. Britain, the United States and Canada raised bank discount rates, sparking fears of a slowed U.S. economy. The Dow fell 11 points, briefly dipping below prior September–November lows, with heavy volume signaling a market at risk. The week saw a mixed pattern as Boston’s First National Bank boosted then rescinded its prime rate, while President Johnson urged policy balance and cooperation. The AP average slipped while volume reached a yearly peak.
MENTIONED IN THIS ARTICLE
Jack Lefler
AP Business News
NEW York
Britain
United States
Canada
U.S
Boston
First National Bank
Wall Street
Kennedy
Navy
Johnson
Washington
First National Bank of Boston
Dow Jones
Associated Press
New York Stock Exchange
Bond Prices Rise On Treasury, Fed Moves To Stabilize Markets
Money markets stabilize as the US Treasury bonds advance amid a Fed open market purchase of over $1 billion and President Johnson urges banks not to raise consumer rates. Treasury issues gain, while stock volume declines with weekly trading totaling $46.335 million.
MENTIONED IN THIS ARTICLE
Richard &. Graves
AP Business News
NEW York (Ap
US Treasury
Great Britain
United States
Treasury
Associated Press
Federal Reserve
Johnson
Federal Reserve Movement
Fed
New York Stock Exchange
Du Quoin Hogs lead week with above normal volume
Weekly commodity prices cover cattle hog and sheep markets from Chicago and Du Quoin. Hogs showed gains with closing hogs at 15.63 and sows at 12.75, up 65 cents from prior week. Cattle receipts totaled 35,100 with varied gains across slaughter steers heifers cows and bulls. Sheep and lamb markets showed mixed strength with woolled and shorn slaughter lots broadly steady to higher.
MENTIONED IN THIS ARTICLE
Chicago
Dec
Grain Futures Week Ends With Mixed Grain Action
The week saw soybeans reach intraday highs near 33 and 3.00 per bushel but fail to hold gains. July soybeans rose to 3.00, then eased. Corn slid on a CCC price cut before rebounding slightly as the government adjusted policy. Wheat, rye and oats weakened on liquidation, while overall trading showed strong speculative interest in soybeans and expectations of record usage next season.
MENTIONED IN THIS ARTICLE
Oman
Ser
Simenton
Graz
Commodity Credit Corporation
Chicago
Acton
New Tax Standard Deduction Cuts Bills for Low Earners
Provisions raise the minimum standard deduction, exempting single filers earning under 900 and couples filing jointly under 1600 from federal income tax. Old thresholds were 675 for single and 1325 for joint. Savings target 320 million benefiting about 13 million taxpayers earning under 10000 annually. Public official Jay G. Philpott notes broad impact and changes in exemptions.
MENTIONED IN THIS ARTICLE
Jay G. Philpott
Internal Revenue
Civil Service Exams Open for Prison Officer Jobs
Federal prisons seek civil service applicants for correctional officer roles. Exams determine eligibility. applications available at post offices, possibly for Marion prison. Also hiring in automatic data processing with applications from Alberta Millie at Carbondale Post Office.
MENTIONED IN THIS ARTICLE
Civil Service
Marion
Alberta
Over Counter Stock Quotations Report
The National Association of Securities Dealers presents unofficial over the counter price quotations. The ranges reflect approximate bid and asked prices for listed securities including Coca Cola, Scripps Hard, Viking Freight, Ozark Air, and Wash NatGar among others.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Agh-Busba
Lac_Steelem McGravy-Hill
Miss Vearge
Ozark Air
Sa Scripps
Also Mentioned on This Page
Iensday
Oestoy
Enday
Shanday
Feday
Dex
LBJ
United Steel Workers Union
USW
Pittsburgh
Rolls-Roycemore
FORD
Freeney
Taler
Pe Board of Trade
Dow-Jones
Rails
Aga
Uails
N. Y
Utus
Inc Bra
Werkly
Stookigh Low Close
Adiuller “Gang
NES York
Kalman
Yan
U. S. Security Treasury Bonds
Goring
SRI
BEA Ok
Alge
Prives
Romeo’s
Twinkle Tree Farm
Blairsville
North Park Ave
Herrin
UL Christmas Tree Growers Assn
Eaton & Brown
East Main
Carbondale
Federal Reserve System
C. H. Koeneman
THE
First National Bank of
Gorham
Drexel
Globe
Kroehler
Simmons
Norman MacGregor
Thomasville
Cushman Colonial
Provincetown
Dixie
Micarta
Mersman
Franklin
Stratford
Sealy
Hunter Corp
Illinois Ave
West
Chestnut
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