All Savers Certificates reverse savings outflow
New York AP reports deposits in savings and loan associations rose last month aided by All Savers Certificates, reversing a September outflow. Rollin D. Barnard of the U S League of Savings Associations cites a $2.1 billion net gain, with October sales totaling $18.7 billion in S Ls and $10.3 billion in commercial banks in the first half of the month.
MENTIONED IN THIS ARTICLE
New York
Savings and Loan Associations
Rollin D. Barnard
U.S. League of Savings Associations
Barnard
All Savers
League
S&ls
Federal Reserve Bank
Congress
S&l
Banks cut prime rate to 17 percent in Chicago area
Three Chicago banks Continental Illinois First National Bank of Chicago and Harris Bank lowered their prime rate to 17 percent on Friday while Chemical Bank and UMB Bank moved down earlier. Other big banks kept rates near 14 14 to 15 percent as the federal funds rate fluctuates and economists weigh future movements.
MENTIONED IN THIS ARTICLE
New York
UPI
Chicago
Continental Illinois
First National Bank of Chicago
Harris Bank
Chemical Bank
Chemical
UMB Bank
Continental
First Chicago
Harris
Federal Funds
Dow Drops for Third Straight Session on Reagan Recession Plans
The Dow Jones shed 6.66 points to 852.45 as blue chips fell for a third straight session amid investor caution over President Reagan's recession strategy. NYSE and Nasdaq indices slipped, volume waned, and notable moves included General Tire rising 25 percent on large blocks while Marathon Oil and Mobil faced takeover chatter.
MENTIONED IN THIS ARTICLE
New York
UPI
Reagan
Standard & Poor
General Tire
Marathon Oil
Mobil Corp
Four Rack Total Time Limit
Puzzle instruction listing rearrange each row into a word of 2 to 7 letters. Score rules appear on the right of each row with blanks scoring zero. Bonus given for 7-letter words. Proper nouns, foreign words, slang, or hyphenated forms are forbidden. Judd's solution tomorrow.
MENTIONED IN THIS ARTICLE
Judd
Treasury Accepts $2 Billion in 30 Year Bonds at 14.10%
New York UPI reports the Treasury accepted 2 billion of 3 billion in a bid for 30 year bonds at a record yield of 14.10 percent. The sale closed the fourth quarter refunding, adding to 8.75 billion raised from two year notes ten year notes and 30 year bonds. The prior 10 year issue sold at 13.44 percent, the lowest for that maturity since February.
MENTIONED IN THIS ARTICLE
New York
UPI
Treasury
Fairfield move boosts Wall Street traders in rural setting
Frederic Poneman and International Trade Management Inc. moved from New York to a former Fairfield dormitory. They report 30 percent higher business thanks to satellite data and a tranquil environment linked to Maharishi International University. Traders emphasize personal judgment over herd instinct amid urban noise.
MENTIONED IN THIS ARTICLE
Jean Slentz
New York City
Financial District
Fairfield
Poneman
International Trade Management Inc
Commod
Eric Rosenfield
Maharishi International University
Wall Street
Rosenfield
New York
Slentz
Money supply drops unexpectedly by 3.3 billion
The M1 money supply fell by 3.3 billion in the week ending Oct 28 signaling weakened economic activity and prompting calls for faster Fed money growth after prior easing measures. Bank lending also declined with major institutions reporting an 849 million drop in business loans over the same period.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
David M. Jones
Aubrey G. Lanston & Co
Fed
New York City
Mi-B
Mi1-B
United Fire Reports Strong Nine Month Earnings Rise
United Fire and Casualty Co of Cedar Rapids posted a 26 percent rise in nine month net income to 3.7 million dollars or 2.68 per share, with premiums written up 35 percent to 60.7 million and net premiums earned at 53.2 million. Net investment income grew 26 percent to 3.8 million, while the quarterly net income rose 19 percent to 691 thousand dollars. The year earlier period included Protective Fire and Casualty Co of Lincoln, Neb.
MENTIONED IN THIS ARTICLE
United Fire and Casualty Co
Cedar Rapids
Protective Fire and Casualty Co
Lincoln, Neb
Life Investors posts rising income amid takeover battle
Life Investors Inc of Cedar Rapids reports operating income up 32 percent to 5.9 million or 60 cents per share in the third quarter. For nine months earnings from operations rise 22 percent to 14.8 million or 1.57, while revenues reach 278 million. Equitable Savings and Loan stake yields after tax loss of 1.2 million or 14 cents per share. quarterly share of Equitable losses a 341 thousand or 3 cents per share.
MENTIONED IN THIS ARTICLE
Life Investors Inc
Cedar Rapids
Life Investors
AGO Holding N.V
Netherlands
Equitable Savings and Loan Association
Equitable
Firefighters Battle To Save Homes In Pacific Palisades
An army of firefighters battled to save homes in Pacific Palisades California as flames threatened residential areas. Crews from multiple agencies fought rapid-moving brush and structure fires amid shifting winds and rugged terrain.
MENTIONED IN THIS ARTICLE
California’s
Pacific Palisades
Also Mentioned on This Page
Dow
Marathon
Mobil
DuPont
Conoco
Hanover
Cities Service
Philippines
Amax
California Standard
Northwest Industries
Beatrice Foods
Reliance Group
Saul Steinberg
Reliance
American Stock Exchange
Dome Petroleum
Amex
Hudsons Bay Oil & Gas
Hudson's Bay
Dome
Houston Oil Trust
National Association of Securities Dealers
United Feature Syndicate, Inc
Seichow and Righter Co
Scrabble
Scribble Bog OE
U.S
Lin Fean
Iowa
Frederic Poneman
Frederick Poneman
United Fire
Twelfth Street
Marion
Visa and
Royal Office Services, Ltd
Total Sales
Fifth Avenue
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