All Savers Debut Draws Strong Response Across Banks
Purchasers showed general enthusiasm for All Savers certificates as banks extend hours and report brisk activity. Some savers moved funds from six month certs into the new plan before the 12.14 percent rate takes effect, while others waited for the Treasury bill rate to settle. Notable banks including Chesapeake Savings and Loan and Georgia Federal reported heavy demand, with CitiBank and Chase Manhattan opting for extended hours and Saturday operation to accommodate applicants.
MENTIONED IN THIS ARTICLE
Frank Wood
Chesapeake Savings and Loan
Norfolk
Timothy Smith
Albany (N.Y
Treasury
Larry Bowles
Gibraltar Savings of Texas
Houston
Gibraltar
Citibank
New York City
Uncle Sam
All Savers
Georgia Federal Savings & Loan
Atlanta
Chase Manhattan Bank
New York
GM Revives Car Loan Rate Reductions in Small Cars
GM announced a loan discount program cutting financing to 13.8 percent through Nov. 11 for X-car compacts and J-car subcompacts including the Citation Cavalier Phoenix J2000 Omega Skylark Cimarron. The move follows Ford Chrysler and AMC promotions, and could save buyers about $500 over the loan.
MENTIONED IN THIS ARTICLE
Detroit
UPI
General Motors
Ford Motor Co
Chrysler Corp
American Motors Corp
Robert D. Burger
Opening stocks market extends recovery in New York
The Dow Jones industrial average rose to 857.21 in early trading as stocks advanced for a second day, with gainers ahead of losers by more than two to one. Analysts linked the move to speculation that slowing economy could cut rates, amid a 1.9 percent drop in August factory orders and a rise in unemployment. Southern California Edison paced the list, up 6 to 26% in a 250,000 share block trade.
MENTIONED IN THIS ARTICLE
New York
Brynharce Petar Toot
Wne
Egg and butter price report from Columbus and Chicago
AP dispatch notes retail price activity for butter eggs and poultry in Columbus Ohio and Chicago Illinois. Market chatter cites carton deliveries and mixed price ranges with notable shortages and gaps in available data.
MENTIONED IN THIS ARTICLE
Columbus
Oho
Chicago
Metal prices. New York daily spot quotations
AP reports yesterday nonferrous metal prices in New York with copper at 86 cents, zinc 49.2 cents, tin 78.87 cents, aluminum 76.80 cents, gold 436.75 per ounce, silver 9.28 per ounce, mercury 4.32 per ounce and platinum 104.00 per ounce as listed by Handy & Harman.
MENTIONED IN THIS ARTICLE
ReynMt
Rockwit
Amiacp
Ty AllsChlm
Alcoa
Bat Sears
AMAX
Ape Am Airlines
Mth Sperry
AmCan
Beth Acvan
Tenaco
Amt
CocaCal
Zemihr
Ltty Coromalloy
Evans P
Cities Service
CPC Inter Inc
Nabisco
AGE Fond
I UI
Norsk
Pan Am Air
Penney
Elror
Grace WR
PepsiCo
Pravelers Cp
Rcacp
Ag Univers
New York
N.Y
Handy & Harman
Grain price report from Ohio markets after hours
Columbus area grain prices show No 2 wheat 4.54 per bushel No 2 shelled corn 2.80 No 2 oats 1.93 No 1 soybeans 8.98 in Northeast with Northwest listings No 9 wheat 2.59 No 2 shelled corn 2.38 No 2 oats 2.08 No 1 soybeans 6.13 as markets closed Thursday to Friday open.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Northeast Ohio
Northwest Ohio
Lorain County Farm Bureau Cooperative Associaton
Also Mentioned on This Page
Migi Beale
Bowery Savings Bank
Treasury Department
Washington
United States
FORD
Electivg
Igor
FDIC
First National Bank
Zhu
National City Corporation
Arog
Abbe Re
Mamber FD
Alcoholics Anonymous
Elyria
Psa
U.S
Spike, Meckler, Rothgery & McClain Co
Spatiowest Ave
Sranysction
Elyria, O
Stewart's
Sylvania
Diack & Waite T
Stevens & Ande
Stewart
Cleveland St
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