Interest Rise Triggers Stock Market Selloff Across Sectors
New York stocks fell sharply as banks raised the prime lending rate to 8 percent, led by Marine Midland and Manufacturers Hanover Trust. The Dow Jones Industrial Average dropped to 552.51 with heavy trading of 12.46 million shares, while the NYSE index slid to 60.00 and the American index dipped to 24.60. Analyst Ronald Cooper cited negative sentiment and overlooked benefits of the international monetary agreement as contributing factors.
MENTIONED IN THIS ARTICLE
New York
Marine Midland
Hanover Trust
New York Stock Exchange
American Stock Exchange
Ronald Cooper
W.E. Hutton
Over the Counter NASD Interdealer Price Sheet
Noon quotations from NASD interdealer markets show various price levels and asset markers across securities. The document lists bid and ask figures for multiple issues and names issuers, exchanges, and commodities, with dated notes and irregular formatting indicating a market snapshot rather than a narrative report.
New York Stock Exchange Prices And Market In Brief
NYSE market notes show mixed activity with advances and declines and a broad list of stocks traded. The report highlights price levels, daily highs and lows, and overall market movement for the day against the prior session.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New York
Zieren
Dow Jones Averages Report Mixed Gains and Declines
New York AP report shows Dow Jones industrials around 2,952 with minor advances and declines across transportation utilities and steel stocks. Trading activity lists numerous company quotes and index figures reflecting a volatile session with broad market shifts.
Medicare study reports to be opened for public review
The Social Security Administration will allow public inspection of Medicare surveys and investigative reports completed after January 3. Earlier reports remain confidential. Deficiencies in state hospital surveys and other health care providers will be made public, along with evaluations of insurers and providers. Names of certain individuals found to have overcharged or submitted false claims may be released after comment periods and professional society consultation.
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Social Security Administration
National Association of Blue Shield
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Medinae
Suid
Survi Sulin
Jal Security
Agenty
New Hearing Ordered for Youth in Arizona Case
The Arizona Supreme Court ordered a new juvenile court hearing for John Yard, a Tempe youth aged 14 at his transfer to the state prison after a 1971 rape case. The decision cites due process failures including lack of counsel prior to transfer and a prior minimal legal aid. Yard, with an IQ of 63, had been committed to Ft. Grant in 1971 for rape, then fled and was recaptured.
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John Yau
Arizona Supreme Court
Yard
Tempe
Lorna Lockwood
Cowl Records
State Industrial School
Ft. Grant
Graham County
Ruskin Lines
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