Buyers market boosts vacation home demand this spring
The New York Times reports that rising mortgage rates keep vacation home buyers selective yet opportunistic. Cash buyers may strike bargains in the Northeast while waterfront areas hold firm. lenders offer renegotiable-rate and shared appreciation options in a volatile market.
MENTIONED IN THIS ARTICLE
Alans
OSER
New York Times
Jerry Romanik
Maple City Associates
Honesdale
Pocong Mountains
Adirondacks
Peggy Reagan
Land of Lakes Realty
Chestertown
New Jersey
Atlantic City
Thomas Dillon
Midlantic Mortgage
Vermont
Walker Kimbal Jr
Syracuse
John Gallagher
Columbia County
Esther Anderson
Anderson Agency
Valatie
Savings and Loan
Savings and Loan Associations
Federal Home Loan Bank Board
Stanley B. Grey
Kenneth Leventhal & Co
Dollar Gains Spark Market Moves Across Regions
The dollar rose sharply after a three day European holiday, hitting a record 1,113.95 lire in midmorning trading and closing near 1,100.50. Gold prices dipped slightly with New York at 481.50, and Zurich around 480, as markets awaited U.S. rate signals and noted production gains in April. European auto makers cheer Japanese export cuts, while domestic airlines plan a Washington push against foreign competition.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve Board
London
Tokyo
Zurich
Hong Kong
New York
Handy & Harman
Farm income outlook cloudy for 1981 prospects
Washington AP reports Agriculture Department economists foresee modest gains in 1981 farm income, with first quarter net at 18 billion annually and second quarter projected to 23 to 25 billion. Prices for commodities likely rise about 4.9 percent, livestock leading the boost, third quarter hints at 29 to 32 billion, with fourth quarter not projected.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Raymond earnings fall as recession curbs sales and orders
Raymond Corp. reports first quarter 1981 net earnings of 1.1 million to 57 cents a share, down 57 percent from 1980. Sales declined 34 percent to 21.39 million, amid soft demand for material handling gear. Chairman Raymond says firm is reshaping with automated warehousing and new product lines to meet changing customer priorities.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
Raymond Corp
George G. Raymond Jr
Kirkville Road
Raymond
Greene
James D. Harty
Harty
Graham
Utilities diversify beyond power sales in Montana
Montana Power Co wide ventures drill for oil, lease gas properties, mine coal across Montana, Wyoming and Texas. Non utility earnings, about half of total, buoy stock and bond ratings, but rate regulators may clamp inflows used to set utility rates. Analysts say some commissions implicitly favor consumer bills over investor returns, deterring broader diversification despite potential gains.
MENTIONED IN THIS ARTICLE
Leslie Wayne
New York Times
Montana Power Co
Big Sky
Montana
Wyoming
Texas
Montana Power
Util
Ity
Terry A. Ferrar
Edison Electric Institute
Utility Company Trade Association
William Glynn
Montana-Dakota Utilities Co
You Money's Worth New buyers reshape stock ownership landscape
A New York Stock Exchange survey shows 6.4 million new stock buyers in five years, predominantly women with a younger profile. Average age 35.7 vs 50.6 before 1975, smaller portfolios, and rising participation in employee stock plans. Indirect owners now reach 133 million, three of four Americans, reinforcing faith in future growth and tax-savings incentives.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
United States
Also Mentioned on This Page
Business Digest
Europe
Japan
Pontiac
Wall
Dan Jones
AMAX
Standard Oil Co
Califonnia
Amax Int
Amax Management
By Sylvia Porter
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