West Virginia Bankers Push to Raise Loan Ceiling
West Virginia faces a shrinking money supply as outside interests drain funds. Bankers urge raising loan ceilings from six to at least eight percent to boost lending, arguing current rates deter insurers and banks from investing in the state. Critics warn of contract impacts and seek alternative stabilizing measures.
MENTIONED IN THIS ARTICLE
West Virginia
United States
West Virginia Bankers Association
M.W. Smith
C. Glenn Zinn
Farmers’ and Merchants’ Bank
Zinn
Mellon National Bank and Trust Co
Pennsylvania
West Virgina
Texas
Hulett C. Smith
Bell Labs patents tracing of nuisance calls using voice samples
Bell Telephone Laboratories received a patent for a method to trace nuisance calls by voiceprint identification. A customer can send a tracing signal via equipment from his phone company to locate the originating line. The system may involve recording voice samples and is related to police cooperation on loggable call data.
MENTIONED IN THIS ARTICLE
Washington
Bell Telphone Laboratories
Charles Abert
Donald E. Anderson
Alfred Zarouni
Bell Laboratories
Tax Compromise Spurs Market In New York
President Johnson accepts a 10 percent tax surcharge paired with a $6 billion federal spending cut, reversing earlier limits to $4 billion. Wall Street rallied as stocks and bonds rose while France faced turbulence and Vietnam talks lagged. The report notes looming steel strikes, inflation pressures, and mixed U.S. and world market signals shaping the economy.
MENTIONED IN THIS ARTICLE
Thomas BE. Mullaney
New York Times News Service
New York
Johnson
France
Paris
Wall Street
Governor's Conference Speakers Set at WVU Campus Event
Orville Freeman U S Agriculture Secretary will deliver the luncheon address at the Governor's West Virginia University conference on the Morgantown campus. Gov Hulett C Smith Dr James G Haron WVU president will speak with other leaders from National Steel Corp and Columbia Gas System on the agenda. Sponsored by the Governor's Office State Department of Commerce Morgantown Huntington chambers Marshall University and WVU.
MENTIONED IN THIS ARTICLE
West Virginia University
Orville Freeman
U.S. Secretary of Agriculture
Joel M. Hannah
Morgantown Area
National Steel Corp
John W. Partridge
Columbia Gas System
Governor's Office
State Department of Commerce
Chambers of Commerce of
Morgantown
Huntington
Marshall University
WVU
Fairmont Institution Charged Under Service Contract Act
The Town House Motor Hotel in Fairmont faces a Department of Labor charge for underpaying about $2,000 to employees on an $8,850 lodging services contract awarded in December 1967. Investigations by Wage and Hour and Public Contracts Divisions led to a hearing before a qualified examiner. Back wages may be recovered and contractors risk three years of debarment from new federal contracts.
MENTIONED IN THIS ARTICLE
United States
U.S
Commerce Department
Johnson
Congress
Town House Motor Hotel, Inc
Fairmont Avenue
Fairmont
U.S. Department of Lablor
Macnamara-O'Hara
Town House Motor Hotel
Tapewatcher aims to monitor stock data at home via small computer
Cooper Union electrical engineering assistant professor Sidney Epstein unveils the Tapewatcher a pocket sized device to alert traders about ticker activity. It would cost about 100 dollars monthly on lease and transmit data from exchanges to a trader’s home or office by telephone telegraph or radio. The system stores monitors and displays stock prices and can alert on wide swings or heavy volume with customizable watch lists. Epstein says the invention could transform stock market operations for traders away from the boardroom.
MENTIONED IN THIS ARTICLE
Washington
Cooper Union
New York
Sidney Epstein
Will 1968 See a Summer Rally on Wall Street
New York market observers debate a summer rally for 1968. John Amico notes May and June buys signal opportunities, citing past summers with rallies in 1963 64 65 and 67 and a two to one odds of gains in July and August per The Exchange. The Dow Jones data back a seasonal rise with a year end rally context.
MENTIONED IN THIS ARTICLE
New York
John Amico
J.W. Sparks & Co
New York Stock Exchange
the Exchange
The
Big Board
Wall Street
Cyrus Eaton Arrives in Moscow for Brief Visit
Moscow dispatch reports Cyrus Eaton, Cleveland industrialist and Lenin Peace Prize winner, arriving in Moscow for a short visit. Eaton is prominent in railroad and banking sectors and has long pushed for improved American Soviet business and political ties.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Cleveland
Cyrus Eaton
Eaton
Also Mentioned on This Page
Prospectus
Andrew G. Fuscotte
NY Times Index
New York Times
New York Federal Reserve Bank
Federal Reserve Bank of Chicago
Labor Department
F. W. Dodge
Wilbur B. Driver
Sylvania Electric Products, Inc
Business and Labor
Freeman
Fairmont Institution
Russia
Man
Baby
Dad
Trust Department
Farmers' & Merchants’ Bank
Morgantown, West Virginia
Member
Federal Deposit Insurance Corporation
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