New tax law broadens options for homeowners
The new capital gains rules cut taxes on home sales by enabling a 500000 exemption for couples and 250000 for singles after May 6 1997. The law eliminates the 125000 seniors exemption and allows selling homes without buying more costly properties, with broader moves to smaller residences or different regions.
MENTIONED IN THIS ARTICLE
Washington
Ronald
Gail Dueck
San Diego
Duecks
David L. Gorstch
Gorsich
California
Midwest
New York City
Elliott Slott
Huntington
N.Y
Slott
Investors rethink Asia as stocks slip worldwide
U.S. markets faltered last week amid renewed Asian turmoil. The Dow fell 384.62 points, led by a 222.20-point slide on Friday, while the S&P 500 dropped 28.36 to 927.69. Bond gains and a shifting asset mix signaled a defense posture, with money flowing to money market and fixed income funds.
MENTIONED IN THIS ARTICLE
New York
Southeast Asia
Hong Kong
Indonesia
Singapore
Philippines
U.S
Treasury
Asia
Hugh Johnson
First Albany Corp
Johnson
New York Stock Exchange
Eric Miller
Donaldson, Lufkin & Jenrette Securities
Richard McCabe
Merrill Lynch
Dow
Standard & Poor
Grain and Livestock Quotations Across Midwest Markets
Friday market brief lists elevator prices for wheat soybeans milo and corn from Farmer's Cooperative Assn South Elev ator and Midland Elev ator with quotes around 3.01 to 3.66 dollars. Dodge City reports slow trade in cattle with confirmed sales of 119000 head for the week including 40600 pre contracted cattle and quotes hog and cattle prices from St Joseph Omaha and New York metal markets.
MENTIONED IN THIS ARTICLE
Farmer's Cooperative Assn
South
Milo
Midland
North
Dodge City
St. Joseph
St. Josert
Lowad
Also Mentioned on This Page
David Gorstch
National Association of Realtors
NAR
Walter Moloney
Ernst & Young
AP Piatra
Gail
Ron Dueck
Ratbert
Poe
Ele
Dodge City Livestock
Omaha Livestock
Omaha, Neb
USDA
Omaha
Wew
York
London
Handy & Harman
Lawrence Area
Journal-World
National Cityline
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