Tax-free bonds Buyer must take initiative
A second column explains how tax-exempt municipal bond funds operate with no door to door salesmen. Investors act on ads or promotions, request information by toll free call or mail, and receive a packet with a prospectus and application form. A chart compares tax-free versus taxable income, showing examples in the 31 percent bracket.
MENTIONED IN THIS ARTICLE
John Cunniff
AP Business Analyst
New York
No-Load vs Load Mutual Funds Sales and Yields Compared
Mutual funds bought by mail or telephone are no load funds with no sales charge though load funds exist. Sales commissions can reach 4.75 percent on small orders, reducing pretax yields notably. All funds impose annual management fees from 0.4 to 0.6 percent, cutting returns further. High tax bracket investors may still realize strong equivalent yields on net 5 percent fund returns.
Tile gallery opens in Fifth Avenue shopping area
The Arius Tile Co. opens a gallery and showroom at 4223 N. Marshall Way offering hand painted tiles and murals. Manager Norm Headrick says they can custom produce tiles for architects designers and homeowners. Gallery hours are 10 am to 5 pm Monday through Saturday.
MENTIONED IN THIS ARTICLE
Fifth Avenue
Arius Tile Co
N. Marshall Way
Norm Headrick
SRP paychecks to be larger in 77
SRP salaried employees will see an average 6.6 percent raise in 1977 with top executives receiving 4.5 percent. The payroll nears $50 million, excluding Navajo Generating Station salaries shared by six utilities. Hourly and clerical wages rise 7.1 and 3 percent respectively.
MENTIONED IN THIS ARTICLE
SRP
Salt River
Navajo
Page
SRP Electric
A. J. Pfister
Market Summary Amid Turbulent New York Trading
New York stocks end lower as Dow Jones slumps and a broad mix of blue chips move within wide ranges. Investors weigh earnings signals and inflation risk while volume stays heavy across sectors including technology, energy, and rail names.
Wall Street Ticker Picks Mixed Day On Exchange Totals
The Associated Press reports a varied session on the American Stock Exchange with mixed movements across numerous listings. Notable quotes include Allegheny, Conoco, and Dynacor amid fluctuating high and low prices as traders reassess values.
Commodity Closings from Madda Trading Company
London gold 132.75 unchanged per oz. IMM Mar gold 133.50 unchanged per oz. Silver 4.40 5/10 up .7 of a cent per lb. Copper 66 cents up .1. Mar wheat 2782 up .4 per bushel. Mar corn 25844 down 2 per bushel Moar. Soybeans 7.25 down 3.2 cents per bushel. Soybean meal 214.00 down 2.50 per ton. Soybean oil 21.75 up .18 per lb. Live cattle 37.30 down .5 per cwt Apr. Live cattle 38.32 up .05 per cwt Feb. Five hogs 35.32 up .27 per cwt Mar. Lumber 177.00 down 2.20 per thousand bd. ft. Mar. Cotton 68.65 down 1.62 per cwt Mar. Sugar 9.17 up .14 per lb. Market not closed.
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New York
Dow Jones
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Beg Buen
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Nabisco
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Associated Press
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Stock market slips after pre inauguration rally
New York stocks edged lower as trading remained active at midafternoon. The Dow Jones average fell to 964.59 from 968.67, with gains and losses about even among NYSE issues. Middle South topped the active list at 17 percent after large blocks traded.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Lsted
Middle South Ee
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American Exchange
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Scortidal
Pharmacy
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Phoenix
Central
Thomas Mall
W. Peoria
Metro Center
Paradise Valley
N. Scott
Paseo del ‘Norte
McCar
St. - Sun