Gift bond irks donor with Social Security requirement
A woman tried to buy a $25 savings bond as a gift for a child but faced a Social Security number requirement and no gift envelope. The bond bears the donor’s number, and the bank says the recipient’s number can be used, but the donor’s name would not be printed on the gift. The buyer ultimately returns the bond after government officials cite record keeping rules.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Uncle Sam
Scrooge
Savings Bond Division
U.S. Treasury
Washington
Fed
Dow Jones 2 p.m. Closing Averages Report
New York stocks finished the 2 pm session with mixed results led by the Dow Jones averages. Major industrials and utilities posted varied gains and losses as trading data showed notable shifts in several large names across the index.
Wall Street Stocks See Broad Day Declines In NYSE Prices
Late national price quotes from the New York Stock Exchange show widespread declines across many companies. Key names include Am Motors, Amex, DuPont, General Electric, and Johnson & Johnson with varied percentage drops and trading figures reflecting a broad market retreat.
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NEW York
New York Stock Exchange
Am Motors
Ingerr
E— Va InindSd
Amt&t
Ampex, Corp
Apeco Corp
We MaMa
AfchDan
e+ Yelowa Bf
Armco
Lowaps
ArmstCk
Sek Corp
Asarco
IlelCorp
Ashioh
Jewel C
AtlasCo Wi
Joan It
EastAir Lin
Johnsonin
Aveo Corp
Ae A Va Baska
GAN
Jon Logn
Eaton
Jostens
KnigtRid
FairCam
Ve Koppers
Se Bengt
Ve Kraft
Fedders Cp
M+ Ve Kresger
Kroger
BoiseCas
Borden
BorWar
BristMy
BritPet
Brunsw
GenMills
MAPCO
Carrcp
Marathno
CartWall
GPU Cp
ACF Inc
AME Inc
Addissg
Arizona
AlcanAtu
AllisChai
Alcoa
Amax
AMBAC
Am Airlin
AmCan
Acyan
Ameipw
AmHome
Echlin
Tin i JoyMig
Ys Feddst
Fitrol Cp
Wat
LTV Corp
Firesin
We LearSieg
FstChar
LehVal Ind
Flintkot
Levitz Furn
FdFair
Bulova
Fordm
Ava
Bank Ramo
Formck
Vo Lockhd Aire
Burlind
LykesCp
Mae
Gannett
CenSon
Gerber
Merck
Business Briefs: VNB Names Berrey VP in Scottsdale
Valley National Bank hires Ralph W. Berrey as vice president in investment and economic planning in Scottsdale, moving from Chase Manhattan Bank. He leads the money market and portfolio department after a career spanning 27 years in banking.
MENTIONED IN THIS ARTICLE
Ralph W. Berrey
Scottsdale
Valley National Bank
Berrey
New York City
Institutional Investment Services
Chase Manhattan Bank
Atlanta
University of Virginia
New York University Graduate School of Business
Southwestern Graduate School of Banking
Southern Methodist University
Dallas
Peso Devaluation Topic At Arizona World Trade Association Meeting
The Arizona World Trade Association will host a Wednesday meeting at the Hyatt Regency Phoenix to discuss the Mexican peso devaluation and its long term effects on Mexican business. Al R. Wichtrich of the American Chamber of Commerce in Mexico will speak on Portillo’s potential actions and US policy under President Carter. Cost for dinner is $10.
MENTIONED IN THIS ARTICLE
Mexico
Arizona World Trade Association
al R. Wichtrich
American Chamber of Commerce
Jose Lopez Portillo
Hyatt Regency
Phoenix
Wichtrich
Jimmy Carter
Market turns mixed on profit taking and gains
The Dow Jones industrial average rose to 975.57 at 2 p.m. after dipping nearly five points earlier. Advancers and decliners were close, trading was active, and brokers said investors cashed in on last week's 22 point gain while awaiting new economic developments.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commodity Closings Today
Commodity closing price quotations provided by Madda Trading Company Inc of Scottsdale as a Chicago Mercantile Exchange member.
MENTIONED IN THIS ARTICLE
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
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