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Ottawa Herald in Ottawa, Kansas

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Newspaper

Ottawa Herald

Location

Ottawa, Kansas, United States of America

Date

Mar 05, 1987

Page

10

Maverick Jones Brokerage Sways with Grassroots Strength

New York AP profile of Edward D Jones & Co founder Ted Jones and partner John W Bachmann highlights a nationwide network of about 1,000 one person offices in 36 states. The firm emphasizes a conservative, community rooted approach, focusing on long term bonds mutual funds and common stocks while avoiding high risk ventures and insider trading. Bachmann, elected chairman of the Securities Industry Association, advocates a cautious stable outlook and plans expansion into home mortgages and trading technology investments.

New York New Heights Wall Street Manhattan John W. Bachmann Edward D. Jones & Co Pine Bluff Ark Devil’s Lake N.C Webster Groves Ottawa Kan Bachmann St. Louis Jones Wal- Mart Citicorp Hospital Corp. of America Utilicorp United Edward D Ted’’ Jones Jr Wabash College Crawfordsville Ind Securities Industry Association Stock and Bond Congress Wabash Northwestern University Wharton School of Business University of Pennsylvania Kansas City Chicago Atlanta Dallas Indianapolis Southwest America Ted Jones Merrill Lynch

Buyback Power Behind Price Rises Fueled by GM Move

The rally in U S stocks is linked not only to earnings and dividends but also to corporate actions reducing share counts. General Motors plans to repurchase up to 20 percent of its stock by 1990, boosting prices by shrinking available supply, a tactic echoed by Ford Chrysler and many others. Mergers likewise remove shares, while foreign money, lower interest rates, pension and mutual funds, and investor optimism about stronger profits later in the year all fuel the rise.

New York Wall Street Standard & Poor General Motors Ford Chrysler T. Boone Pickens Wright Investors Service U.S

Wichita Man Named Director of Community Development

Harland Priddle announced Donald E. Gragg of Wichita as director of the Kansas Department of Commerce Community Development Division. Gragg, 47, former Sedgwick County Commissioner and South Central Kansas Economic Development District worker, begins with a mid forty thousand salary and will oversee Main Street Pride grants block grants enterprise zones and certified cities programs.

Topeka Kan Harland Priddle State Secretary of Commerce Donald E. Gragg Wichita Department of Commerce Gragg Sedgwick County Board of Commissioners South Central Kansas Priddle Don Statehouse Sedgwick County

Also Mentioned on This Page

Stock Maverick Sheldon Equipment CO S. Walnut Wichita Man Wichita State University Roger Christianson State of Nebraska Gmc Trugks Buick Park Avenue Kenny Neisz Scott Stiles
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