Texas Manufacturers Directory signals growth in industry
Perryman notes the 1995 Directory of Texas Manufacturers shows Texas plant counts exceeding 5,000 in high tech and oil related sectors. Houston, Dallas, Fort Worth Arlington and Austin host most plants with export activity rising across sizes from small to major. Exports to Mexico reach nearly $24 billion, bolstering an economy centered on oil, chemicals, machinery and transportation industries.
MENTIONED IN THIS ARTICLE
Lone Star
Bureau of Business Research
Texas
Silicon Valley
Houston
U.S
Dallas
Fort Worth-Arlington
Austin
Texas Chemical and Transportation
Alliance
Mexico
Directory of Texas Manufacturers
M. Ray Perryman
Perryman Consultants Inc
Stock settlement period shrinks to three days on Wednesday
The securities industry moves to T plus three days as the settlement window for most trades shrinks from five days. Investors face late fees if funds or certificates aren’t delivered on time, with fees ranging from 15 to 100 dollars.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
New settlement rules shorten payment window for investors
The rule changes cut from five to three days the period to settle stock purchases after a trade. Government bonds futures and options remain at one day. Missed deadlines may incur late fees. Investors urged to mail checks promptly and consider electronic transfers and street name registration to speed delivery.
Gold market lacks sparkle for investors
In early 1995 gold markets lag as stocks and bonds rise. Prices hover near 385 per ounce with Dow Jones precious metals index down about 4 percent from a year ago. Victor Flores of United Services Advisors argues fundamentals remain solid, with rising industrial demand and steady mine output, though inflation psychology is muted.
MENTIONED IN THIS ARTICLE
New York
U.S
Dow Jones
Victor Flores
United Services Advisors
San Antonio
United
Flores
Tax change proposals complicate municipal bonds
U S tax reform talk unsettles munis as investors fear loss of tax exemption on interest. Municipal bonds lag other bonds in price moves while Treasuries rally, with analysts noting potential price adjustments if a new system shields investment income. Bargain hunting emerges but negative investor psychology may persist.
MENTIONED IN THIS ARTICLE
New York
U.S
Smith Barney Inc
Treasury
Treasuries
Grant
ABN Amro Raises Bid for Orco Assets in Netherlands
ABN Amro boosted its offer for Orco bank assets to 84.47 guilders a share from about 74, citing lower rates and stronger bond values. Orco assets are valued around 1 billion guilders with Aruba bank as a major unit. ABN Amro plans asset sales including real estate to recover costs.
MENTIONED IN THIS ARTICLE
ABN Amro
Orco
Amsterdam
Netherlands
Orco Bank
Amsterdam Stock Exchange
Aruba Bank
Aruba
ABN Amro Holding NV
Pope
Argest Bane
iL Funds pace of financial innovations praised at ICI convention
Levitt at the ICI convention lauds modern financial innovations while top fund executives foresee continued growth, provided risks are managed. Jon Fossel of Oppenheimer Management Corp urges vigilance against bad practices and emphasizes protecting integrity and reputation.
MENTIONED IN THIS ARTICLE
Levitt
ICI
Jon Fossel
New York
Oppenheimer Management Corp
Investors seek gains in funds and CDs amid rising rates
Madden favors several funds with small minimums including Seligman Communication and Information D share fund 13 percent quarter 46 percent year Govett Smaller Cos Fund 15 percent quarter 49 percent year Gam International Fund 17 percent quarter 18 percent year and Putnam Health Sciences 10 percent quarter 34 percent year Pond backs growth and income funds Neuberger Guardian nearly 16 percent since year start Babson Value about 13 percent For risk averse CDs rise with money market yields 2.88 percent and six month CDs around 6.3 percent First Commonwealth Savings six month CD 6.35 percent New South Federal Savings 6.24 percent Both require 1000 minimum deposits The piece notes using refunds for guidance or rewards is advised to balance saving with spending
MENTIONED IN THIS ARTICLE
Madden
Seligman Communication and Information D Share
Govett
Cos. Fund
Gam International Fund
Putnam Health Sciences
Science and Technology Funds
Pond
Neuberger & Berman Guardian
Babson
David McLaughlin
Chase Investment Counsel
Charlotteville
North Palm Beach
Also Mentioned on This Page
Lone Star State
Ray Perryman
Marc E. Lackritz
Securities Industry Association
Nancy Smith
Securities and Exchange Commission
Susan Shands
Mississippi
FedEx
Shands
National Automated Clearinghouse Association
Herndon
Rick Golden
Clearinghouse
Dick Stream
Minneapolis
Piper Jaffray Inc
Roy D. Belk
Certified Public Accountant
N. Lee
Odessa
Ernest C. Lynch
C.L.A. Chantere
Imancal Ce
Ernest Lynch & Associates
E. 42Nd
John Arrick
E. 11Th St
Edward D. Jones & Co
New York Stock Exchange, Inc
Securities Investor Protection Corporation
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