Treasury bill yields hit two year low on Mexico loan fears
U S Treasury bills fell sharply as rumors US banks face higher non performing loans from Mexico. Three month bill near 7 percent, six month just under 8.5 percent, with flight to quality boosting government securities. Moody's suspended ratings on eight bonds and 30 notes due to Lombard firms bankruptcy filings.
MENTIONED IN THIS ARTICLE
Vartanig
G. Vartan
New York Times Service
New York
Treasury
Wall Street
United States
Mexico
U.S
Maury N. Harris
Paine, Webber, Jackson & Curtis Inc
Safety
Moody’s Investors Service
Lombard- Wail Inc
Lombard- Wall Money Market Inc
Moody’s
New York State Dormitory Authority
Senate panel sends thrift bill to floor for action
A Senate panel approved sending a bill to the floor that would broaden thrift institutions powers, a scaled down version of a previously withdrawn measure. In New York Dry Dock and the Dime Banks cut adjustable home loan rates, signaling broader declines ahead. Occidental Petroleum floated a $52 offer to Cities Service, a higher bid after Cities shares jumped to $43.875. Allied Stores and Carter-Hawley Hale reported steep profit drops, while auto layoffs rose to 216,697. Olin Chemical plans 100 jobs cuts at Niagara Falls due to weak pool chemical sales. The Defense Department discussed private development of Colorado shale oil reserves. US oil import data showed July declines. gasoline use eased. Seventeen more New York Air Brake workers began indefinite furloughs, totaling about 120 since June. Firestone proposed a rubber roofing plant with site selection pending.
MENTIONED IN THIS ARTICLE
New York Air Brake Co
Sven
Donald Foster
Watertown
Bankers meet with Mexico to discuss debt delay
In New York 100 banks including 55 American meet with Mexican officials in a Federal Reserve room to discuss delaying repayment on part of Mexico 80 billion dollars in foreign debt while continuing interest. Mexico seeks suspension of principal payments until 1983, with 17 billion owed to U.S. banks. Bank of America leads holders with about 3 billion.
MENTIONED IN THIS ARTICLE
New York
Mexico
Federal Reserve Bank of New York
Fed
Arthur Samansky
U.S
American Banker
Bank of America
San Francisco
Gold prices surge to eight month high on weak dollar
Gold rose to an eight month high as a weaker dollar pushed prices higher in New York and Europe. London Zurich opened at 380 per ounce, with gains seen across Hong Kong and Tokyo margins, while silver followed rising demand amid debt concerns.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Europe
London
Zurich
U.S
Mexico
Hong Kong
H & Harman
Handy & Man
Tokyo
Ski lift firm Hall to reopen under reorganization
SProceeding to reorganize under federal bankruptcy laws Hall Ski Lift of Watertown plans a summer reopening on a reduced scale. Rand Timmerman, president, says the firm is for sale but will try to fulfill existing orders and seek new business in lifts and parts with customers paying in advance.
MENTIONED IN THIS ARTICLE
Watertown
U.S
Hall
Senate panel approves S&L aid package with reforms
Washington AP Senate Banking Committee approves bill to aid troubled savings and loan associations and grant limited new competitive powers. Plan caps losses coverage, allows capital notes to bolster net worth, phases out S&L interest advantage, and expands lending and investment limits for federally chartered S&Ls. Committee to revisit next year.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan
Senate
Senate Banking Committee
S&ls
Jake Garn
Garn
Reagan
Donald Riegle
D-Mich
S&l
American Bankers Association
Niagara Mohawk declares 45 cent quarterly stock dividend
Niagara Mohawk Power Corp announces a regular third quarter stock dividend of 45 cents per share for common stock, payable Sept. 30 to shareholders of record Aug. 31. The board also elected Kermit E. Hill as vice president of public affairs and corporate communications, noting his broad public roles and media background.
MENTIONED IN THIS ARTICLE
Niagara Mohawk Power Corp
Kermit E. Hill
Hill
Monroe County
Malcolm Wilson
New York State
Nelson Rockefeller
White House
Newpaper
Niagara Mohawk
Albany
Hamilton Digital reports higher losses in 1981 82
HDC, a Hamilton based computer equipment contractor, ended its fiscal year with sales of 9.15 million for the year ended April 30 and 814 thousand in 1981, while continuing losses rose to 391 thousand. After interest and tax effects HDC posted a net loss of 188 thousand in 1982, down from 105 thousand loss per 12 months.
MENTIONED IN THIS ARTICLE
Hamilton Digital Contration Computer Equipmetany
C. Zacaroli
Expe
Fis
Int Recovery Hdc
Two Income Families Face Financial Strains and Choices
A Merrill Lynch financial educator notes two-income households often lose track of the family’s finances and struggle to combine paychecks. Couples may oversimplify by cutting only dining out and home services, failing to build savings and investment, while balancing expenses from day care, dry cleaners, and takeout food.
MENTIONED IN THIS ARTICLE
United States
Ann Benson
Merrill Lynch
Financial partnership quiz for couples on money talks
The piece presents a personal finance test termed a financial communications quotient. It asks couples ten questions about shared net worth documents, wills, advisors, joint purchases, budget chores, joint spending, separate accounts, taxes, long term goals, and clipping financial articles. It ends with self scoring guidance and a prompt to improve financial planning together.
MENTIONED IN THIS ARTICLE
Benson
Also Mentioned on This Page
Bill Aids S&l
Dry Dock
The
Dime
Occidental Petroleum
Cities Service
Cities
International Harvester
Allied Stores
Carter-Hawley Hale
Olin
Olin Chemical Corp
Niagara Falls
Defense Department
Colorado
Lawrence J. Korb
Department
Synthetic Fuels Corp
Commerce Department
American Petroleum Institute
Firestone Tire & Rubber Co
ASOND
Sav
Ings and Loan Insurance Corp
House
Senate Committee
Federally Chartered S&ls
NiMo
Kermit Hill
Hamilton Digital
SAI
By Sylvia Porter
Financial Sec
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