MMDA Rate Details and Policy for Base and Yield
The MMDA column shows base rate and effective annual yield with weekly changes usually on Tuesday. Rates reflect general market costs for money and may fluctuate. The posted yield indicates each bank's compounding policy, advises checking service charges before opening. If balances drop below 2500 dollars, interest paid reverts to 5.25 percent.
Photographic Sciences Sells West Coast Operations to SSI
Photographic Sciences Corp completed the sale of its West Coast operations to Symbology Systems Inc a newly formed company owned by Douglas A Campbell and Associates SSI will run the Santa Ana California business. Jack G Abbott who managed PSC West Coast operations resigned as PSC director and officer and will manage those operations for SSI. SSI provided for immediate nonrecourse release of $400000 of PSC current bank indebtedness.
MENTIONED IN THIS ARTICLE
Photographic Sciences Corp
West Coast
Symbology Systems Inc
SSI
Douglas A. Campbell and Associates
Santa Ana
Calif
Campbell
D.A. Campbell Co
U S intervenes again to brake sharp dollar rise
The United States and governments of West Germany Japan Switzerland and France coordinated dollar sales and currency purchases for a third straight day to curb the dollar’s ascent. By midweek the dollar eased slightly against the mark and franc, with mixed moves versus yen and other currencies amid expectations of higher U S rates.
MENTIONED IN THIS ARTICLE
United States
West Gemany
Japan
Switzerland
France
Washington
London
Samuel Montague
U.S
Tokyo
Europe
Gold prices drift lower on world markets
Gold prices eased across London Zurich Hong Kong and New York as a stronger dollar drew funds away from bullion. London opened at 413.20 bid per ounce, Zurich 432.00, Hong Kong 412.95, and New York 411.00 with silver near 11.86. A London dealer noted prices may fall further as the dollar remains firm.
MENTIONED IN THIS ARTICLE
London
Zurich
Hong Kong
New York
Handy & Harman
New York Stock Exchange composites and market roundup 1983
Stocks mixed as market slips for fifth straight session with Dow at 1186.50 and NYSE composite at 93.64 after 11 am. Auto, financials rise early while aerospace, computers and forest products edge lower amid rising short term rates and a Treasury borrowing program.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Treasury
Wall Street
NYSH
G.D. Searle
Coca-Cola
Searle
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