Tax free certificates offer break for upper income savers
Washington AP reports a new Reagan tax law creates one year tax free savings certificates selling Oct to Dec. Individuals can deduct up to 1000 in interest and couples up to 2000 on tax returns. Certificates yield 70 percent of 52 week T bill rate, about 9.6 percent today.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Savings and Loan Associations
Savings and Loan
Congress
Reagan Administration
Congressional
Administration
Market mixed as energy shares lead and majors waver
New York stocks closed mixed as investors weighed tentative hopes on rates. Oil and energy firms dominated volume with Cities Service up 2 percent to 60, Conoco steady at 91, Occidental up to 28, Exxon at 35, Mobil down to 31. Industrials slid, led by Dow off 0.67 to 952.91, while the NYSE composite rose 0.09 to 77.00. Nasdaq closed at 251.67, up 0.64.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
New York Stock Exchange
Cities Service
Conoco
DuPont
Occidental Petroleum
Exxon
Superior Oil
Mobil
Homestake Mining
ASA Ltd
Asarco
NL Industries
NYSE
Exchange
Standard & Poor
S&p
American Stock Exchange
Newspapers raid Star readers in bid for subscribers
Washington area papers race to lure 322,000 soon-to-be paperless Star readers. Time Inc plans sell or close the Star after a $55,000 daily loss, while the Washington Post weighs an afternoon tabloid. The New York Times New York Post and Richmond News Leader push ads rack redistribution to win readers. Manassas Messenger-Journal samples free Star copies to 11,000 readers as carriers scout Star tubes.
MENTIONED IN THIS ARTICLE
Washington
Washington Star
Manasses
Journal- Messenger
New York Times
Star
Ron Bieberich
Annapolis
Washington Post
Evening Sun
Baltimore
Washington Redskins
Sun
Time, Inc
Time
Donald M. Wilson
Wilson
Post
Boissenillet. Jones Jr
Bill Regardie
2 Washington Business Magazine
The
Journal Newspapers
Starreaders
New York Post
A Post
Capital
Richmond
Waynesboro
Stanton
Harrisonburg
Winchester
Culpepper
Star Newsracks
General Manger John C. Goode
Manassas
Messenger-Journal
Wendell Harbert
Maryland National Bank among world top 500
Maryland National Bank ranks 236th in the world in a 1981 survey by American Banker, the largest bank in Maryland and surrounding states with total assets of 4.4 billion dollars as of June 30 1981. The 500 largest banks worldwide held 4.99 trillion in deposits, up 10.8 percent.
MENTIONED IN THIS ARTICLE
Maryland National Bank
American Banker
United States
Maryland National
Maryland
Delaware
Washington
D.C. Virginia
West Virginia
County Receives Entertainment Tax Share for Quarter
Frederick County reports 952 936 77 as its fourth quarter share of fiscal 1981 taxable entertainment revenues. The year to date total reaches 270 939 24 with state wide distributions totaling 13 9 million for the quarter and 270 939 24 for the year. Revenues stem from nightclubs movies arcades live theatre athletic events golf and related activities. Other counties show smaller sums with Carroll Howard Washington and Montgomery reporting varying quarterly and year totals.
MENTIONED IN THIS ARTICLE
Frederick County
State Comptroller’s Office
Carroll
Howard County
Washington County
Montgomery County
RS JR. THE NEWS Front Page Item from 1931
Frederick edition fragment from Friday August 7 1931 notes a local event brief. Names of residents or organizations present are visible but specifics are unclear, capturing a snapshot of daily life in the city with a mention of dates and community activity.
Metropolis Building Assn merger with John Hanson S&L completed
John Hanson Savings & Loan Inc acquired Baltimore based Metropolis Building Assn with seven offices including Frederick Maryland branch. Merger effective Monday expands assets to over 230 million versus Metropolis 40 million. Metropolis investors gain access to John Hanson programs and services and executive realignment places Charles A Dukes Jr as chairman and H H McFarlin as president.
MENTIONED IN THIS ARTICLE
John Hanson Savings & Loan Inc
Washington Area
Metropolis Building Assn
Frederick
N. Market St
John Hanson
Metropolis
Charles A. Dukes Jr
H.H. McFarlin
William B. Sawers Jr
Baltimore
Sawers
John S. Morton Jr
T. Talbott Bond
Stewart L. Koehler
Joseph C. Langhirt
Herbert F
Bethesda
Oxon Hill
Laurel
Princes Frederick
Riverdale
Rockville
Silver Spring
Lanham
Pennsylvania Ave
IRA
Keogh
Seizable Bond Seminar Promises High Yields and Gains
An invitation to a Merrill Lynch seminar touts locking in high interest rates with potential capital gains. It cites research forecasting a six month downward drift in interest sales and notes current prices are down while yields rise. Speakers will outline the economy outlook and implications for rates and bonds.
MENTIONED IN THIS ARTICLE
Merrill Lynch
Moml Lynch
Also Mentioned on This Page
U.S
Bele
Allegheni-Cols Bottling Co
Thurmont
Ron Bonhomes
Dwight Raven
Carroll County Association For Retarded Citizens
Sister Mary Rose
St. Joseph's High
Emmitsburg
Jane Hubbard
Su Joseph’ 'A
Tony Canadonte
Dow Jones Industri
Baltge
Clorox Csx Corp
Cocacl
Comsat Am
Fairchild Ind
GenStar
Giant
Stone Gulf Oi
Harris
IBM Bh
Kmartah
Litton
Marriott Corp
Natl
Morea Bakshi
Mobil Noaphil
Penney
Kh Pleaten
Safewy
Sears
Texaco
H. Warner L
Whittak
Woolworth
Baker Watts & Co
Mason
Cash Reserve Trust
Legg Mason Wood Walker Inc
East Church Street
Mines Ress
Soe
Legg Wasovy Alpsesentatie
ED Wate
RS JR
the News
Frederick, Md
Business
Merril Lynch
Mcrill Lynch
Sete Tio
Sheraton Inn
Merri
Weer Frederick, ‘Erick St. Mé
Merrll Lynch
Pepin
Merrill L
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