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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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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