Forbes Park land owners seek refunds and salable notes
A widow asks if she can reclaim part of her purchase in Forbes Park Colorado, where a 2 percent lot remains unpaid after 1981 financing. The developer Forbes Inc. offers only a 15 percent principal refund, with no damage refunds, while local brokers report weak sales and high development costs. A reader questions the value of a handwritten Grace Coolidge letter, with experts estimating a modest resale value around 75 to 125 dollars and offering dealer contacts.
MENTIONED IN THIS ARTICLE
Malcolm Forbes
Forbes Park
Colorado
Sangre de Cristo Mountains
Forbes Inc
San Isabel Electric Association
Eloise Sargent
San Luis Valley Real Estate
Forbes
Grace Coolidge
Silent Cal
New York
N.Y
Walter R. Benjamin
P.O. Box
Hunter
P.S
The Great Race: precious metals gain as Iraq war stirs markets
The report notes American Eagle gold at 416.50 an ounce and Silver at 5.12 an ounce amid Iraq Kuwait tensions. Bank and fund peers rise with 1-year CD and Money Market Funds near parity, 12 90day T-bills, and Lipper indices shifting. Investors see modest gains across bonds and mutual funds, except Lipper International Funds posting large losses.
MENTIONED IN THIS ARTICLE
Iraq
Saddam Hussein
Kuwait
American Eagle
Lipper Mutual Funds
Lipper International Funds
Market falls offer buying opportunities for Ford stock
Reader asks how to act with Ford near 40 after a prior forecast of volatile swings. The columnist warns market declines are unpredictable but suggests potential long term openings in core stocks and notes big geopolitical shocks can redefine risk and opportunities.
MENTIONED IN THIS ARTICLE
Ford
D.M
Ft. Walton Beach
Fla
Baghdad
Saddam
Kuwait
Berko advises selective buying and patience in a shaky market
Malcolm Berko suggests allocating half of a money market balance to buy well known stocks at dollar prices 20 percent below current levels using good till cancel orders. He lists many firms including Heinz Merck Waste Management Bristol-Myers ConAgra Gillette and others. He notes some orders may never execute and warns readers to research beyond his column.
MENTIONED IN THIS ARTICLE
Heinz
Merck
Waste Management
Bristol-Meyers
ConAgra
Gillette
General Mills
Phillip Morris
Albertsons
Nestles
Intel
Dayton Hudson
Procter & Gamble
Ford
Malcolm Berko
Creators Syndicate Inc
Herald-Journal
Berko
Syracuse Herald-Journal
P.O
St. Petersburg
Fla
Budget accord could hurt stocks optimism fades fast
Analysts warn that a deficit deal with around 12 billion in military cuts and 25 billion in tax hikes may slow growth for six to twelve months. Fed easing could be limited, keeping inflation pressures. While bonds may rally, equities face risks with Dow near 2,500. utilities look like a bright spot.
MENTIONED IN THIS ARTICLE
Blue Chip Econome Indicators
Fed
At&t
Dow
Iraq economy relies on oil as food imports surge
Iraq depends on oil for over 90 percent of export income while imports supply about 60 to 70 percent of food. Agriculture remains weak due to policy shifts and subsidized consumption. Deregulation in 1988 raised prices, inflation climbed, then controls were reimposed as Gulf protection money funded subsidies and Oman-like contexts faded.
MENTIONED IN THIS ARTICLE
Iraq
U.S. Agriculture Department
Kiren Chaudhry
University of California At Berkeley
Saddam
Persian Gulf
Kuwait
Gulf Countries
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Helen van Goldenberg
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Chicago
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