West Virginia Bankers Clash Over Interest Rate Ceiling
In Morgantown Senator William Moreland backs Senate Bill 249 to create a Board of Financial Institutions to set loan rates, opposing banker control of the current State Banking Commissioner. He argues for an unbiased panel of economists and monthly oversight to match rapid economic changes.
MENTIONED IN THIS ARTICLE
C. Glenn Zinn
Farmers’ and Merchants’ Bank
Morgantown
Senate
William Moreland
Moreland
Zinn
West Virginia
West Virginia Bankers Association
Westover
West Fairmont
Central Financial Institution Regulation Agency
Bankers Association
Board of Financial Institutions
Sclon
Stock indices rise over 20 percent in two years on NYSE
The New York Stock Exchange shows a 20 percent gain in the last two years as measured by the Exchange's Common Stock Index. The Finance Index, including savings and loans and real estate, leads gains, nearly doubling since October 1966. The market rose sharply in mid 1968 after Vietnam peace moves, with record trading volume of 845 million shares.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Vietnam
Exchange
FTC weighs broad study of conglomerate mergers
The Federal Trade Commission moves to study the rise of conglomerate mergers across American industry, signaling potential antitrust shifts. Wall Street reacts as conglomerate shares retreat despite a summer rally, with analysts predicting a possible end to this stock market fad pending uncertain legislative and political outcomes. Litton Industries, a pioneer in conglomerates, spans typewriters to radar equipment and owns a restaurant chain.
MENTIONED IN THIS ARTICLE
New York
Federal Trade Commission
Wall Street
FTC
Congress
White House
Litton Industries
New York Times index of business activity slips
The New York Times weekly index of business activity declined to 327.9 last week from 333.8 the prior week, with a year earlier reading of 285.3. A following table provides the index and its components, each adjusted for long-term seasonal trends.
MENTIONED IN THIS ARTICLE
New York
New York Times
Week in Finance Sees Strong Markets and International Credit
The New York Times reports a buoyant week in finance with stock and bond prices rising in the United States and improved exchange rates for the pound the franc and the dollar. Central bankers arranged $2 billion in credits to Britain and $1.3 billion to France to stabilize currencies while US equities hit new highs and bond prices rallied on expectations of slower growth and easier credit later this year.
MENTIONED IN THIS ARTICLE
Britain
London
France
Switzerland
United States
Also Mentioned on This Page
Ar Ae
Andrew G. Fusco
Mr. Zinn
NYSE
LBJ
Hanoi
Nyse Common Stock Index
York Times New
San
New York Times News Service
General Electric
RCA
Standard Oil Company
New Jersey
Gulf Oil Corporation
Treasury
Morgantown, West Virginia
Member
Federal Deposit Insurance Corporation
F.gm
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