What is a municipal bond and why invest
A municipal bond is issued by states counties cities school districts or special agencies to fund capital projects like schools parks and roads. They may be backed by full faith or by income from a specific source and interest is often exempt from federal and sometimes state taxes benefiting high bracket investors. Municipal investment trusts diversify via many issues and also enjoy tax exemptions.
MENTIONED IN THIS ARTICLE
Judith G. Rhoades
L.G
San Diego
Mr. B
Mr. A
H.K
Great Neck
N.Y. A
Valley banks promote staff and regional promotions
Valley National Bank elevates William H. Storey to manager at Scottsdale Oak with Tram as assistant manager at 32nd Street Shea Blvd. First National Bank of Arizona names Stephen W. Brodine special accounts administrator in Phoenix trust, while Dickson Electronics adds two new distributors and Sheridan Sales gains Pittsburgh area franchise for Dickson Zener diodes and tantalum capacitors. Great Western Bank & Trust posts 1973 gains, while The Arizona Bank promotes William A. Schenk Jr. to Sun City branch assistant manager. Woodmen Accident and Life notes Ron Weaver completes underwriting course and remains Scottsdale district manager. Southwest Forest Industries reports record 1973 net income and sales, and Patagonia Corp. reports higher revenues for the sixth year.
MENTIONED IN THIS ARTICLE
William H. Storey
Valley National Bank
Scottsdale-Oak
32Nd Street-Shea Boulevard
David A. Denierline
VNB
Scottsdale
Storey
Valley Bank
Phoenix
Tower Plaza
32Nd Street Shea Boulevard
Stephen W. Brodine
Phoenix Trust
First National Bank of Arizona
Dickson Electronics Corporation
William K. McMillan
Sheridan Sales Company
Cincinnati
Ohio
Pittsburgh
Sheridan
Semiconductor Specialists Inc
Chicago
Illinois
Detroit
William A. Schenk Jr
Arizona Bank
Sun City
G. Clarke Bean
Schenk
California
Indiana
Arizona
Riverside National Bank
Riverside
Calif
Woodmen Accident and Life Company
Lincoln
Neb
Ron Weaver
Weaver
Woodmen’ Accident and Life Company
AMC rides small car wave to record U.S. payrolls
AMC announced nearing completion of 1500 new hires to start March 4 at its Kenosha Wisconsin plants. The second shift lifts total U S and Canada employment to above 33 000 as output of compact Hornets and Gremlins increases by 250 cars daily.
MENTIONED IN THIS ARTICLE
Detroit
UPI
American Motors Corp
AMC
Kenosha
Wis
United States
Canada
Argus sees world growth resuming by 1975 despite high oil
Argus Research Corp forecasts a return to growth in industrial nations by late 1974 or early 1975 despite current record oil prices. The firm says oil shocks slow production and employment only temporarily and major economies should rebound, with real GNP up about 1 percent in 1974 and profits down modestly.
MENTIONED IN THIS ARTICLE
New York
UPI
Argus Research Corp
Argus
Blyth Eastman Dillon and Co
American Exchange warns price controls fuel US shortages
American Exchange Townsend-Greenspan & Co says price controls on petroleum boost shortages by diverting oil to Western Europe and Japan. Investment newsletter cites higher overseas prices as driving U.S. supply gaps and suggests controls limit availability domestically.
MENTIONED IN THIS ARTICLE
Townsend-Greenspan, & Co
United States
Europe
Japan
Dow Jones Edges Higher on Broad Gains
The Dow Jones closing averages show the industrials at 855.99 up 9.15, transports 190.96 up 2.09, utilities 94.10 up 0.73, and the 65 stocks index at 273.67 up 2.82. Trading volume reached 16.36 million shares.
MENTIONED IN THIS ARTICLE
Amstar
Anacada
Apeco Corp
Armcos
Arms Ck
Ash! Oi
Richild
Atlas’ Corp
Atlas’ Corp 36 19 24 2A 2Va— Vs Avco Corp
Agnetine
B . Bab&Wil
Baker Oil
Va Bath Ind
Bendix
Black&d
Boeing C
Caroll
Je CerroCorp
Cortn Td
Cessna
Va Chessie
Chris Craftle
Chrysir
CocaCol
Colgate
Col Gas
Cyprus
DeltaAir
Dennisn
Diebold
Disney W
OrPeppr
Ie DomeMn la
QowChem
Dresser
Duke P
Wle
DuPont Tad
Puanel
Eascoco
Exxon
McCroy
McLean
Merck
Mobil Oil
Mohsco
Va Monsanto
Morrsk
Va Motorola
MtStTel
Va MurpCo
Nabisco
Va NorfolkWs
Ohio
Rockwell
StroMn
Schering
Sears
Shell Oil
Sierra Pc
Va LimusCo
Wat VA
SmithKline
Va SouthCo
Ve SoNiRes
SoPacif
So Rand
Squard
Squibb
Ys St. Bind
Stdogat
Tve
Tandy Corp
Wu— Teledyne
Teneco
Textron
Ye Thriftyd
Timlin
Va Transam
VAL Inc
Unocal
Pac
Uniroyal
U Airer
Uld Brands
UnCorp
US Indus
US Steel
UniTel
UnivOll
Upjohn
Utah
UV India
Varian
Velco
Va MictorCo
Va Elec
W. Walgreen
Westg el
Va It. Con
Zenithr
Zutn Ind
Dow Jones
Indus
Stocks rise on NYSE as embargo hopes buoy markets
Prices gained strongly for the third straight session on the New York Stock Exchange. Trading was moderate with the Dow Jones industrial average up 9.07 at 855.91 near the close. Investors remained optimistic about a quick end to the Arab oil embargo, boosting blue chip indexes after two prior sessions of gains.
MENTIONED IN THIS ARTICLE
Alcoa
Am Airlines
AmStor
New York
UPI
American Stock Exchange
Dixlyn Corp
Dome Petro
Felmont
Wat
Frontier Air
Va McCullch
OKC Corp
Utah
Yates.Indus
New York Stock Exchange
Also Mentioned on This Page
A.N
Hopkinton, Mass
Dickens
Thomas Weir
Great Western Bank & Trust
Southwest Forest Industries, Inc
Patagonia Corporation
AMEX
General Motors Corp
Ford Motor Co
Chrysler
Scottsdale (Az
Daily Progress
Wall Street
Ff— Faberge
Fairind
GAC Corp
Va Gannefi
Va Gen Dynamo
Ga Steel Ind
Gerber
Getty
Goodric
GoodyrTir
Grace
Grand U
Gulf Oi
Gulf&Ws
HamPar
American Exchange
Heinz
Va Intl
ntNekl
T&t
Itek Corprin
JohnMv
John&j
JonLogn
A Jones L
Jostens
Cae -JoyMig
Ana
O- Kaiser al
Kennecot
Kerr Mc
Kidde
Libby McNi
LTV Corp
Lucky St
Va Luken Sd
Ye Lyke Ygsin
MacMil
Macy
Va Magnay
Man Hn
Ae Marcor
Se MarMid
Meyer Hardware
Proudtiove
Paradise Valley
Paradise Valley Patrol
Scottsdale ‘Stationers
Electric Victor
First Ave
Pima Plaza
Ss Investors
E. F. Hutton
East Camelback Road
John Reyno
Bill Tennison
Hutton
F. Hutton
E.F. Hutton & Company Inc
Camel View Plaza
East
Camelback Road
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