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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Sep 15, 1990
Page
7
Ten years of rapid fund growth pushed assets from under 100 billion to over 1 trillion. Investors now face hundreds of managers and many fund types, from government income funds to asset allocation, zero coupon, international, real estate, municipal bond, and sector funds, underscoring the need for careful evaluation.
Gold futures rose $2.20 to 230 higher with September at 385.10 per ounce while silver edged lower. Crude oil settled up to 31.76 a barrel for October and gasoline at 90.36 cents. Wheat and corn futures fluctuated with varied September prices. Stock averages fell on inflation fears, with the Dow dipping to 2,564.11 as Bank stocks and CitiCorp showed mixed moves amid credit concerns.
NASA replaced a leaky temperature sensor on Columbia and begins a fourth countdown with liftoff set for Tuesday. Officials say hydrogen leaks appear fixed but fueling must begin Monday to confirm. Discovery must launch by Oct. 23 or face a 13 month delay. NASA aims for a February 28 window.
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