Economic data calendar notes upcoming reports
Commerce Department previews for November factory orders and December retail sales outline expected releases. Auto industry late December sales and the money supply report by the Federal Reserve are also anticipated. The Service Corps of Retired Executives meets Wednesday at 10 a.m. at the Cedar Rapids Chamber of Commerce.
MENTIONED IN THIS ARTICLE
Commerce Department
Auto Industry
Federal Reserve Board
Service Corps of
Cedar Rapids
Salomon Brothers Handles Major Housing and Debt Offerings
The week featured several large offerings via Salomon Brothers including a $1.428 billion local housing authority issue, a $370 million Pennsylvania tax anticipation note, a $500 million GNMA collateral pool, and a $100 million Signal Companies exchange debentures. Also noted were a $90 million Philadelphia School District sale, a $47 million Norfolk industrial development issue, and a Martin Marietta exchange stock offering. No stock offerings were scheduled at major brokers surveyed.
MENTIONED IN THIS ARTICLE
Salomon Brothers
Commonwealth of Pennsylvania
Guardian Financial Corp
Martin Marietta Corp
Exch
Pennsylvania
Philadelphia
Signal Cos
Virginia
Norfolk
Money rates summary for national financial indicators
Friday national money rates show Prime at 11 percent and Discount at 8.14 percent. Broker call loan 10.50 percent, Fed funds high 11.4 low 8 last 8.4. Commercial paper 30 to 180 days around 9.4 to 9.75, bankers acceptances 9.30 to 9.60 across 30 to 270 days, certificates of deposit 9.18 to 9.50, Treasury bills 9.04 for 3 months and 9.24 for 6 months as of December 27. Merrill Lynch Ready Assets 30 day yield not available.
MENTIONED IN THIS ARTICLE
Federal
Finance Company
Bankers Acceptances
Treasury
Merrill Lynch
N.a
Telerate Systems Inc
Mexico Secures 3.8 Billion Loan Pact From Banks
Mexico reaches a 3.8 billion dollar loan package on improved terms with its bank advisory group led by Citibank. Repayment begins September 1989 after a six year framework, with reduced fees and lower interest margins reflecting Mexico’s better economic showing.
MENTIONED IN THIS ARTICLE
New York
Mexico
William Rhodes
Citibank and Cochairman
London Interbank
U.S
Jesus Silva Herzog
Citibank
Bank of America
Swiss Bank Corp
Bank of Montreal
Bank of Tokyo Ltd
Bankers Trust Co
Chase Manhattan Bank
Chemical Bank
Deutsche Bank A.G
Lloyd’s Bank International Ltd
Morgan Guaranty Trust Co
Societe Generale and Manufacturers Hanover Trust Co
Cedar Rapids Realtor Leader Sees 1984 Real Estate Uptick
Tom Nordstrom, new Cedar Rapids Board of Realtors president, expects 1984 housing activity to rise as jobs return and adjustable rate mortgages gain acceptance. He notes 1983 sales up 29 percent and cites first time buyers, in-town movers, and pent up demand, while urging ethics and unity among Realtors.
MENTIONED IN THIS ARTICLE
Gary Peterson
Uitor
Tom Nordstrom
Cedar Rapids Board of Realtors
Nordstrom
Betty Berry
Norstrom
the Gazette
Cedar Rapids
Iowa Partners Real Estate Inc
University of Northern Iowa
Karol
Franklin
Gibson Realtors
Partners
University of Oregon
Omaha
Iowa City
Muscatine
Waterloo
Dubuque
National Association of
Berry
Berry Passes Gavel as Cedar Rapids Realtors Elect Nordstrom
Betty Berry, Cedar Rapids Board of Realtors first woman president, says she faced no flack and received strong support. She will hand the gavel to Tom Nordstrom on January 14 and remain active on the board, focusing on long range planning and computerization of listings. Berry will also serve with the Iowa Association of Realtors and on Lt. Gov Anderson's Iowa Tomorrow Committee.
MENTIONED IN THIS ARTICLE
Gary Peterson
Betty Berry
Cedar Rapids
Berry
Iowa Association of Realtors
Bob Anderson
Iowa Tomorrow
Cedar Rapids Board
Nordstrom
Ford to keep six large cars on market indefinitely
Ford Motor Co will retain six of its largest models with V-8 engines and up to 4000 pounds. The Lincoln Town Car, Lincoln Mark VII, Crown Victoria, Mercury Grand Marquis, Ford Thunderbird and Mercury Cougar XR-7 will be continued while smaller versions of the Crown Victoria Grand Marquis and Town Car are planned as new line additions.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
Also Mentioned on This Page
Bond Calendar
C.R. Realtor
Realtors
Charlie King
Millhiser Smith Agency, Inc
Oakland Road
MorAmerica Financial Corporation
Pcuit Insurance Corporation
Morris Plan Securities Company
American Building
Iowa
MorAmerica
Morris Plan
Marion Boulevard
Edgewood Road
War Ray
Tine
Iowa City, Des
Ston
Clinton
Sioux City
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