Housing turn-up seen next spring
The Advance Mortgage Corp forecast a slow housing market recovery beginning next spring if rates fall and recession stays mild. In 1982 starts reach about 1.3 million with single family at 850,000, while 1981 ends weak and inventories show 300,000 homes under construction nationally with Houston bucking the trend.
MENTIONED IN THIS ARTICLE
Chicago
UPI
U.S
Advance Mortgage Corp
Detroit
Advance Mortgage
Robert Mylod
Mylod
Florida
California
Houston
Judd’s Solution Tomorrow 11 21 61 Puzzle
Reconstruct each row of letters into 2 to 7 letter words using the given scoring. 7 letter words earn a 50 point bonus. Blanks count as any letter but give no points. Proper nouns, foreign terms, slang, and hyphenated words are not allowed.
MENTIONED IN THIS ARTICLE
Judd
Berlin Wall Begins With Barbed Wire Border Blockade
On August 13, 1961, barbed wire went up along the 29 mile border between East and West Berlin, sealing off the last open passage and creating the Berlin Wall separating Soviet bloc East Berlin from the allied sectors in West Berlin.
MENTIONED IN THIS ARTICLE
East
West Berlin
Berlin Wall
East Berlin
Sharp broad gain for stocks in erratic week close
Stocks ended a volatile week with a broad advance on Friday as mergers and takeovers drove activity. The Dow rose 8.18 to 852.93, the NYSE composite up 0.64 to 71.00, and the S P 500 to 121.71, with volume rising on the NYSE and notable moves in Marathon Oil Firestone and Penn Central among others.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
Second tender offer emerges for USP Real Estate Trust shares
Life Investors Inc of Cedar Rapids makes a new bid for 325000 USP trust shares at 10.75 dollars per share net to owner, with a Dec 18 expiration and Dec 11 proration date. The Minnesota Texas bid seeks 300000 shares at 10.00 net and Dec 11 expiry, Dec 3 withdrawal. Trustees to meet Monday at 9 am.
MENTIONED IN THIS ARTICLE
USP Real Estate Investment Trust
Cedar Rapids
Life Investors Inc
Life Investors
Minnesota
Texas
USP
General Growth to Liquidate 4800 Apartment Units
Trustees of General Growth Properties announce sale of 4,800 rental units across Des Moines Cedar Falls West Burlington suburban Detroit and Colorado Springs as part of exiting the apartment rental business. The portfolio is about 10 percent of their real estate, with a book value over 450 million dollars. A distribution to shareholders from sale proceeds remains undecided pending future conditions. Offers to purchase were to be presented by February 1, 1982.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
General Growth Properties
Iowa
Cedar Falls
General Growth Management Corp
GM Rating Downgrade By S&P Cuts All GM Notes
Standard & Poor's downgraded all outstanding General Motors and General Motors Acceptance Corp notes and debentures to double-A from triple-A citing depressed global auto markets and a slow demand recovery. The move follows Moody's similar downgrade of GM senior debt two days earlier.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor's Corp
General Motors
General Motors Acceptance Corp
Triple-A
Financial Information Service
Moody’s Investors Service
Trustee Reaches Transfer Deal For Stix & Co Accounts
The trustee for bankrupt Stix & Co. Inc. agrees to turn over 5,000 customer accounts and 10 offices to Bache Halsey Stuart Shields Inc. The move awaits approval from Bankruptcy Judge Robert E. Brauer in St Louis and is reported by the St Louis Post Dispatch.
MENTIONED IN THIS ARTICLE
ST. Louis
UPI
Stix & Co. Inc
Bache Halsey Stuart Shields Inc
St. Louis Post-Dispatch
Bache
Wall Street
Robert E. Brauer
Treasury 52 Week Bill Auction Moved Up for Thanksgiving
The Treasury announced the 52 week bill auction will occur on Wednesday November 25 a day early due to Thanksgiving. The sale sets the next interest rate for the All Savers tax exempt certificate effective November 29.
MENTIONED IN THIS ARTICLE
Washington
UPI
The
Treasury
GM and Ford Delay Steel Deliveries Through December
American Metal Market reports GM and Ford instructed Midwest sheet steel suppliers to postpone deliveries to their plants at least through December.
MENTIONED IN THIS ARTICLE
New York
UPI
General Motors
Ford
Midwest
Money Supply Rises as M1-B Gains Amid Fed Signals
UPI reports the nation’s M1-B money supply increased by 2.3 billion in the week to Nov 11, with M1-A up 0.2 billion. Bank of New York’s William V. Sullivan Jr. cautions interpretation due to the large M1-B to M1-A difference, while net borrowed reserves drop to 131 million, hinting easing pressure on banks. M1-B reaches 435.6 billion. M1-A at 360.3 billion.
MENTIONED IN THIS ARTICLE
New York
UPI
William V. Sullivan Jr
Bank of New York
Federal Reserve
Fed
Also Mentioned on This Page
Scrabble
Seichow and
Righter
Ics
United Feature Syndicate
Judd Scrabble
United Feature Syndicate. Inc
Seichow and Righter Co
Renault
Livonia
Mich
Marathon Oil
U.S. Steel
Marathon
USS
Mobil Corp
Union Oil
Ashland Oil
Pennzoil
Firestone
Beatrice Foods
IC Industries
Playboy Enterprises
London
Lake Geneva
Wis
Great Gorge
N.J
Eugene Golub
Americana Hotels Inc
Colt Industries
Penn Central
Colt
Houston Oil Trust
MetPath
Corning Glass
National Association of Securities Dealers
Daily Gazette
Jim Supple
Tommy Tucker
Sullivan
Morris Plan
Morris
Morrs Plan
Ris
Edgewood Rd
Marion Blvd
Marion
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