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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Jun 23, 1987
Page
35
The Meyers Report outlines growing housing needs for Americans 65 and older. Experts predict a surge in age 65 plus residents, with life-care facilities expanding and costs rising. It details active retirement, personal-care, life-care, and nursing facilities, plus demographics and reimbursement challenges.
The Dow rose 24.66 to 2445.51 on Monday, a fresh record as investors weigh a firmer dollar, higher bond prices, and rising international demand. NYSE volume reached 178.21 million shares with 900 advances and 671 declines while the composite index gained to 173.77.
Short term Treasury rates drift lower as the Treasury sold 6.6 billion in three month bills at 5.64 percent and 6.6 billion in six month bills at 5.93 percent. Rates are the lowest since early June and May, with implied yields around 5.82 percent for three month and 6.22 percent for six month bills based on a 10 thousand dollar note. A separate report notes mortgage adjustable rates easing to 6.73 percent the prior week.
Gasoline prices edged up about one third of a cent per gallon in the latest two weeks, slower than earlier gains, according to Trilby Lundberg. She warned prices could climb again as summer travel boosts demand, while noting sharper increases are possible if road trips surge. Allegheny International said it will sell its John Zink Co. unit to Lone Star Technologies and its Bra-Con division to Dollar Corp, without disclosing terms. John Zink, based in Tulsa, employs about 775 people in Oklahoma and Europe. Bra-Con and Dollar design and build automated welding and assembly systems for auto and farm equipment. The Soviet Union plans to enter the US car market in 1991 with the Moskvich 2141, a front-wheel-drive compact, possibly via a joint venture with a Western automaker.
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