Banks cut rates in wake of Chase Manhattan move
Major banks from coast to coast followed Chase Manhattan Bank in lowering rates from 6 percent to 5 3/4 percent. The Mellon National Bank, Continental Illinois National Bank and Trust Co, Bank of America in San Francisco, and others announced the new rate Friday, signaling a broad nationwide move.
MENTIONED IN THIS ARTICLE
New York
UPD
Chase Manhattan Bank
Mellon National Bank and Trust Co
Pittsburgh
Continental Illinois National Bank and Trust Co
Bank of America
San Francisco
World largest brain model to light up Montreal fair
A plastic wired display billed as the world s largest brain will be shown at the Montreal World Exhibition costing 162000 dollars. The feature will headline the man the explorer section as UPI telephoto 534 rate. Chase bank rate cut sparks mixed reaction among big three banks and others amid easing money conditions and stronger market.
Weather forecast for a cold, unsettled United States
Rain is forecast for Northern California and the Pacific Northwest spreading through the Northern Rockies. Snow and snow flurries will prevail over the Lower Lakes and Appalachians with higher elevations of the Rockies. Fair to partly cloudy elsewhere. Colder weather over the northern half of the country with little change elsewhere. Partly cloudy, windy and cold locally. High near 40 dropping to low 30s tonight. Chance of showers today with snow in mountains. Winds easterly to 30 mph.
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California
Pacific Northwest
Rockies
Lakes
Appalachians
Credit thaw boosts stocks in brisk trading
New York stocks rose Friday as investors welcomed signs of looser credit though profit taking trimmed gains late. Analysts noted a 14 point cut to 534 percent in prime rates by major banks as constructive, despite Chase Manhattan's larger reduction earlier. The UP International Stock Market Indicator rose 0.52 percent with 1428 issues advancing, using April 1 1966 prices as a base of 100 the index closed at 96.91.
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Chase
First National City Bank
Manufacturers Hanover Trust Co
Chemical Bank New York Trust Co
Johnson
White House
Federal Reserve System
Wright Patman
D-Tex
House Banking Committee
Washington
Congress
New York
UPD
Wall Street
Chase Manhattan
United Press International
South Vietnamese cabinet shakeup names Cao Van Vien minister
South Vietnam appoints Lt Gen Cao Van Vien as defense minister replacing ousted Nguyen Huu Co amid corruption charges. Prime Minister Ky returns from Australia and New Zealand and signals broader cabinet changes may follow. Co, on a mission to Formosa, is now in Hong Kong awaiting orders. In Prague, Kazan Komarek case opens Monday with new Czech attorney. Bonn says West Germany will start diplomatic ties with Romania next week amid wider Balkan moves.
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Saigon
Cao van Vien
Nguyen Huu Co
Nguyen Cao Ky
Australia
New Zealand
Formosa
Hong Kong
Washington
Vlandimir Kazan Komarek
Prague
Czechoslovakia
State Department
Kazan
Bonn
West Germany
Romania
Hungary
Bulgaria
Poland
USSR Chinese Embassy to hold first news conference
Moscow reports the Chinese Communist Embassy plans its first news conference on Saturday at noon local time four a.m. EST. Western and eastern reporters are invited. topic undisclosed but linked to Wednesday's Red Square clash when Chinese students tried to enter Lenin's mausoleum and clashed with police.
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Moscow
Red Square
Lenin
Madrid Protests Rally With Police Crackdown
Police clashed with thousands of workers and student demonstrators in Madrid on Friday demanding higher wages and independent unions. Arrests and injuries were reported with marches also in Bilbao and San Sebastian. Barcelona protest fizzled amid fear or apathy.
MENTIONED IN THIS ARTICLE
Madrid
Bilbao
San Sebastian
Barcelona
Reds kill 2 at Berlin border canal attempt
Berlin border guards fatally shot two refugees trying to swim into the U S sector of West Berlin. A third refugee was captured. Eyewitnesses said Eastern guards fired at West Berliners helping the swimmers. Western allies denounced the shootings as murder.
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Berlin
U.S
West Berlin
Kennedy rules out dynastic US bid in Britain interview
London interview quotes Sen. Robert F. Kennedy denying any dynastic return to the presidency. He backs the Democratic Party and President Johnson, saying he will support Johnson in 1968 and Vice President Humphrey in 1968.
MENTIONED IN THIS ARTICLE
London
Robert F. Kennedy
U.S
Democratic Party
Johnson
Humphrey
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