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Troy Record in Troy, New York

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Newspaper

Troy Record

Location

Troy, New York, United States of America

Date

Aug 19, 1966

Page

23

American Stock Closing Prices New York Exchange Yesterday

New York reports the complete list of transactions on the American Stock Exchange for yesterday. The AP timeline lists stocks traded, volumes, and closing figures reflecting market activity.

NEW York American Stock Exchange

Banks Raise Prime Rate in Booming Economy

Banks charge the highest interest on loans since the 1920s as the prime rate climbs multiple times since December 1964. Demand for loans outpaces lendable funds, yet banks note higher deposit costs. The Fed regulates discount window borrowing, keeping short-term loans focused on daily needs.

New York Federal Reserve Bank Fed

Demand for Loans Dims Banks High Rates Impact

The article examines why loan demand outpaces the effects of higher rates. Borrowers willing to pay the price seek both consumer and business loans, with a real pinch only in long term mortgages. Banks argue higher rates are justified as funding costs rise and demand remains strong.

Treasury Henry H. Fowler Savings and Loan Association S&l Uncle Sam Congress

Inter-dealer Prices Reported By National Association Firm

Quotations from the National Association of Securities Dealers reflect representative inter-dealer prices near 11 a.m. Markets vary over the day and prices exclude markup markdown or commission.

National Association of Securities Dealers

Four Troy Teens Attend National Junior Achievers Conference

Four Troy Area youths will join 1,800 delegates in Bloomington Indiana for the 23rd National Junior Achievers Conference. Jack Vishner of Troy High School leads JA Handy-Dandy Novelty Co., Catherine Reid of Waterview High serves as JA Eclipse Co. secretary, Cynthia Bundy of Draper High chairs JACO Co., and Keith Brunelle of Bishop Gibbons School presides TEL-JAC.

Troy Area Bloomington Ind Jack Vishner Troy High School JA Handy-Dandy Novelty Co Catherine Reid Waterview High JA Eclipse Co Cynthia Bundy Draper High Schenectady Jaco Co Keith Br

Stock and Bond Sale Totals Report

A tidy report notes approximate totals for stock sales at 1,274,915 and bond sales at 880,000. It also lists bond sales year ago at 394,000, with the figures presented as a snapshot of activity.

New York Stock Exchange Top Active Stocks Summary

The five most active stocks on the American Stock Exchange yesterday are listed with closing prices and net changes. Fed Reste shows 8.7900 with a 615 gain, Nat Video at 70,100 with a drop of 1M percent, Sperry Rat 55,200 up 4, Burma Mines 59,800 down 18, Westee Corp 49,000 down 4 percent.

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Mutual fund commissions and no load alternatives

A reader asks about investing 10000 in a well known mutual fund and paying 6 percent annual withdrawals. An adviser explains commissions apply to all investors. no load funds exist and may avoid broker fees, with details in each fund prospectus.

Commission

Kiwanis Club hears on 4-H Camp work and programs

Lyndon Hewlett outlines Capital District 4-H Camp history from its 1944 county start to a six county operation in 1949. Enrollment rose after a $30,000 pool, with lodging under 25 dollars weekly and maintenance funded by counties.

Lyndon Hewlett Washington County 4-H Capital District Howlett Castleton Hudson Falls Elwood H. Hacker Rensselaer County Frank Becker Carl Rinaldi Carl Beck Albert Serian William Cobb

Chicago Hog Market Hits Two Month Peak On Tight Supply

The hog market rose as 3,000 head sold 25 to 50 cents higher, with No. 1 and 2 grades at 27.50 the high since June 1. Mixed grades sold 27.25 and up, 1-3 at 26 to 27.25, lows to 23.25. Week’s 13,500 head supply was smallest in four weeks versus 16,500 last week. Steers at 26.50, mixed good to choice 25–25.50, lambs 24.50–26.25 for choice to prime.

Chicago

Also Mentioned on This Page

By Sam Dawson Atlons War Pay Invest Dealers, Inc Lister Fd Isvest Johnson Keyston Funds Aberdeen Knickerb Asso Fd Knicketh Assn Morton Funds Insuran Channing Funds Balan Mut Trust Incom Nat Wsec Intl Nat Inves Special Nat Sec Ser Chase Fd Chem Fd Bond Citadel Divid Cst Sec Colon NEA Mut New Eng New Hot Stock Noreast ComTr AB Wms ComTr CD Oppen Penn Sq Peoples Concord Phila Fd Cons Pine St Consm Pioneer Sec Price Tr Providnt Corp Lé Puritan Crown W Putnam Fd deVegh M Georg Decat Inc Income Bro Dela Fd Grth Diver Gr Diver Inc Qty Dist Divid Shr Rep Tech DowTh Rsch Inv Dreyfus Revere Scudder Funds Efatn Stk Bal Energy Intl Inv Equity Selec Am Shrhold Sw Invest State St Guinn Stein Roe Funds Indine Inet Inas Igag Stern Texas Eee Ee Aael Rentine Teanal Ae West Ind Inc Whitehill Winfield Wiscon The Daily Investor William A. Doyle Invstment Company Act Doyle Record Menands Troy Hudson Valley Community College Chicago Livestock
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