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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Jun 09, 1987
Page
31
Stocks rise to a two month high on light volume. The Dow Jones Industrial Average ends up 25.49 at 2351.64, highest close since April 8. NYSE volume 136.37 million shares. Transportation index clears 1000 for first time, up 14.76 to 1001.42.
Springfield De laware County Chamber of Commerce held its annual luncheon at Alpine Inn with about 150 leaders in attendance. John Bogosian received a silver bowl as he handed the gavel to Patrick Tomlinson, with officers named and Economic Educator Awards given to Zech Youtz and Warden. Outgoing directors Carnwath Borst Blomstedt and Berman were honored for service.
The Supreme Court rules Illinois may tax investments in Ginnie Maes, government backed bonds used to finance mortgage lending. In a 9 0 decision Justice Stevens says the lack of a fixed US guarantee means these bonds are not exempt from state taxes. The ruling upholds an Illinois Supreme Court decision in Rockford Life ME Illinois 86 251.
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