Municipal bond yields surge amid New York malaise
Yields on municipal bonds rise as New York City’s problems and bank caution slow purchases. Municipal bond funds attract heavy investor interest with about 2 billion in projected yearly sales and yields around 7.5 percent, equivalent to 11.5 percent taxable for a 36 percent bracket. Naveen and Merrill Lynch-led groups dominate fund activity, while Nuveen has sold about 1.3 billion since 1971.
MENTIONED IN THIS ARTICLE
Donald C. Bauder
Copley
New York City
New York
Richard J. Franke
John Nuveen & Co
St. Paul Companies
Nuveen
Merrill Lynch Group
Co-ops urged to unite for grain export lead
Four Agriculture Department economists urge U S agricultural cooperatives to form a single big grain exporting system. They say co ops are too disunited to challenge five multinational giants that control over 80 percent of U S grain exports, while co ops export only 7.5 percent directly.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
U.S
Labor Day Market Signals Hint at Potential Trend
An AP analysis notes that during the long weekend some analysts sense a possible positive turn in the stock market despite the government's index of leading indicators. The piece discusses how observers interpret data and signals amid mixed economic factors.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Market Trends Mirror Mixed Views on Stocks and Rates
The piece notes lingering high interest rates hurt stocks while Washington faces disagreement on economy fixes. It cites Wall Street forecasts ranging from under 400 to over 1,000 Dow points, and investors leaning toward fixed income. The Stock Trader's Almanac offers seasonal guidance linking September activity to year-end moves, with a noted shift after 1960 reversing September's impact.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
Yale Hirsch
Hirsch
Commodity price quotes from Madyia Trading Company
Closing quotes show London gold at 159.00 down 2.75, HAAMA Sept gold 159.10 down 2.40, silver 4.57 and 4/5 down 1.05, platinum 163.00 down 8.50, copper 58.3 cents down 1.7, Sept wheat 4.04 and 2, down 52 cents, Sept corn 3.022 down 52 cents, soybeans 5.60 down 0.63, Oct live cattle 44.92 down 0.85, Oct live hogs 55.52 down 0.15, Feb pork bellies 87.50 up 1.13, Sept eggs 0.5515 up 0.5, Maine potatoes 15.78 up limit, Sept plywood 124.50 up 2.30, Dec cotton 53.67 up 0.23, Oct sugar 17.05 up 0.65.
MENTIONED IN THIS ARTICLE
Gannett
Va Control Dal
GaPac
Coopind
Gerber
Corng
Wa Goodyr
Gouldin
Crown Cork
Va Grace
E CrwZel
Va Curtis Wr
Dartind
GtWnFin
GrGiant
Qa Grumm
DelMon
Va GuifOil
Delta Air
Giestut
Wat
Dennys
Ava
Disney
Dresser
Hercules
duPont
Hoern W
Va EastAir Lin
Eaton
Echlin
He Honywil
Va ElPaso
Vo HouseFin
Wva
Va Evans Prod
Idahop
Exxon
Fairind
INA Cp
Valek Corp
Iy Jewelc
JhnMan
Ma Johnin
NortSim
Timlin
Todd Shipyd
Scoaind
OtisElv
E— ScottPap
QutMar
SeabCl
OwenCn
Wi Searleg
Mvat Va Sears
Shell Oil
PacGas
Unocal
Uniroyal
Va PacPetrt
Va SignalCo
PacPw
SingerCo
UnitCp
Va Pact
PennDix
Va Sonres
UniTel
Va Penney
Va Uop
Va Upjohn
Pennzol
Sperryr
PepsiCo
StBrand
Vetco
Va PhillPet
Stevens
SunOil Ir
WestgEl
Va Tektronx
Va Weyerbr
Textron
XeroxCo
Thiokol
ZenithRad
ReichCh
TimeMir
Associated Press
Revlon
Ryder Sys
Madyia Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
Also Mentioned on This Page
Naveen
Merrill Lynch
Pierce, Fenner & Smith
Paine Webber Jackson & Curtis
E.F. Hutton
Naveen and
Ira Haupt
New York House
Bache & Co
Goodbody & Co
Bache and
Reynolds Securities
Scottsdale (Az
Daily Progress
New York Stock Exchange
Dow Jones
Indus
Arizona
AlcanAlu
Alcoa
ASN
Amax
Hess
T&t
AMP Inc
Ampex Corp
Apeco Corp
Armco
Asarco
We AsalOil
Va Arddrg
Ag AttRich
Ta Atlas Corp
Avco Corp
Ny Bell How
Bendix
Va BentiCp
American Stock i Kaislind
Va BethStl
Blockhr
Boeing
Lee Entr
Va Boise Cas
Aegis Corp
Va Borden
Asamera
BorWar
Va BristMy
BradRa
Marshal
BritPet
McCull Oil Brunswk
BucyErie
Milgo Elect
Va BuddCo
Cachba
Newldria M
Eh Bulova W
Va Bunkrr
Va PanOcean O
Dixilyn Cor
Permaner
EarthRes
Phoenix
Cadence Ind
Essex Ch
Cal Finan
Ryan Ho
Shell Res
Va CarrCp
O Gearhart
He— Syntex
CartWall
Giant Y
Terrac Abe
CastlCk
Goldfield Cp
Tesoro P!wi
cpmpOil A
Ve inDiv
Va WyleLab
CessnaAir
Jetronic Indes
Va Xonics Inc
Juniper Pet
American Exchange
JonLogn
Te Jostens
Va KaisrAl
Kangel
Véla
Katy Ind
Ma Kayserr
Ya Kellogg
Kennecott
Kerr McGe
Kimbel
Va KnigtRid
Va Koppis
TaVat Krafico
Kresger
Kroger
LearSieg
Levitz Furn
Loews
Lonesg
LagisLt
Wat Va LaPacif
LTV Corp
LuckStr
LukensSt
Va LykeYngle
McDonalds
Wat MeadCp
Tait Merck
MGM
Mobilo
Va Mohasco
Monsan
Ve MorNor
Va Motorola
Nabisco
NwstAirl
Norton
Ace Lote Ad
Elea
Tuni
Joseph J Clemente
Master Goldsmith & Jeweler
N. Marshall Way
Evelouenan
Fedders
E. Avalon
Ingebrigtsen
Phe Len Is
Minneapolis
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