Treasury bill yields fall to 2-year low
Treasury short term yields dropped to the lowest in more than two years. Three month bills sold at an average discount of 7.429 percent and six month bills at 7.734 percent, with investment rates at 7.68 and 8.16 percent respectively. Banks and savings institutions see higher minimums for six month money market certificates and three month certificates.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Savings and Loan
Banks
S&ls
Savers Scorecard Rates as of October 13, 1982
The Savers Scorecard lists certificate and thrift rates on October 13, 1982 with six month at 9.15 percent for $10,000 minimum, three month at 7.429 percent for $7,500 minimum, and various no minimum options. It notes Small Savers, All Savers, and 7 to 31 day certificates with specified terms and minimums.
Savings rates set for small savers and banks as changes loom
S and L rates may hit 11.1 percent and commercial banks up to 10.85 percent on 2 year small saver certificates. Rates shift in two weeks. New tax exempt one year all savers certificates offer 7.48 percent to maturity. Changes take effect October 31.
MENTIONED IN THIS ARTICLE
S&ls
Amana reveals energy efficient gas furnace Energy Command
Amana Refrigeration introduced a 94 to 95 percent efficient gas furnace named Energy Command at a private showing in Middle Amana. The 80 000 and 100 000 BTU units are produced at Fayetteville Tennessee with plans for 1 000 monthly through year end. The unit recovers exhaust heat through a stainless recuperator and uses a HTM heat transfer module for rapid heat on demand. Price ranges from 1800 to 2400 dollars excluding installation.
MENTIONED IN THIS ARTICLE
Amana
Amana Board
Alex Meyer
Meyer
Energy Command
Fayetteville, Tenn
Mike Humbert
Humbert
Amana Energy Command
HTM
Heublein and R J Reynolds Announce Major Merger
Shareholders in Hartford and Wilming ton vote to create a merged foods and beverages power with annual sales near 14 billion. Heublein will become a Reynolds subsidiary and join Del Monte to form a new group, with HQ in Farmington. Heublein had repelled an unfriendly bid from General Cinema earlier this year.
MENTIONED IN THIS ARTICLE
Hartford, Conn
UPI
Heublein Inc
R.J. Reynolds Industries
Heublein
Hartford
Reynolds
Wil
Del
General Cinema
Newton
Mass
R.J. Reynolds
del Monte Corp
New Foods and Beverages Group
Dow clings to 1000 as trading chaos rattles Wall Street
The Dow Jones closed at 1,003.68 after dipping from 1,012.79 the prior session amid heavy activity and late NYSE tape. Traders cited profit-taking after a sharp rally while financials including Bank of America and Morgan Guaranty Trust cut prime rates to 12 percent, easing money costs. The session saw record NYSE transactions and volatile moves across major indexes, with mixed results among large issues such as Exxon, AT&T, Pfizer, and Johnson & Johnson.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Federal Reserve
Dow Jones
Monte Gordon
Dreyfus Corp
Bank of America
Morgan Guaranty Trust
Chemical Bank
Hanover
Treasury
Fed
Standard & Poor
Robert Stovall
Dean Witter Reynolds
NYSE
U.S
National Association of Securities Dealers
Exxon
American Telephone & Telegraph
Wall Street Journal
Sony Corp
Pfizer
Colorado
Johnson & Johnson
Chicago
Amex
Dome Petroleum
Champion Home Builders
Digicon Inc
FHA mortgage ceiling drops to 12.5 percent nationwide
The HUD announced a 1 percentage point fall in the FHA insured mortgage rate ceiling to 12.5 percent effective today, the lowest in over two years. The change follows a VA rate cut, with mobile home ceilings dropping to 15 percent from 16 on Oct. 20, and a September surge in federally subsidized housing starts boosting the industry.
MENTIONED IN THIS ARTICLE
Washington
UPI
Department of Housing and Urban Development
National Association of Home Builders
Federal Housing Authority
Veterans Administration
Department
FHA
Home Builders Association
Commerce Department
Association
Michael Sumichrast
Sumichrast
Kuhn
Bettendorf Plant Layoffs Extended to Nine Weeks
About 5,200 J. I. Case workers face layoffs longer than expected as plants in Bettendorf Iowa and Rock Island Illinois close from December 10 to February 13. A spokesman said the shutdown will stretch four weeks into January into a nine week period.
MENTIONED IN THIS ARTICLE
Bettendorf
UPI
Case
Rock Island
Ill
Also Mentioned on This Page
Certificate Banks
Thrifts
Amana Refrigeration Inc
Raytheon Co
Lexington, Mass
Dow
Cedar Rapids
Perpetual Savings and Loan
Phil Kuhn
Italy
Germany
Sheraton Inn
33Rd Ave
Ginnie Mae
Ginnie Maes
C.d.s
National Mortgage Association
Securities Corporatio of
Iowa
Second Avenue South East
SIPC
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