Opening stocks market opens lower on oil price doubt
New York stocks start down as world oil price confusion lingers. The Dow Jones averages slip to 1220.63 in the first half hour amid more declines than advances on the NYSE. Oil price cuts by Norway Britain and Nigeria plus OPEC plans a meeting weigh on sentiment.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Norway
Britain
Nigeria
Organization of Petroleum Exporting Countries
Canadian Funds Offer Easy Metal Exposure
Personal Finance of Arlington notes Canadian closed-end funds trade at discounts to assets and offer a safer way to own a metals portfolio. Goldcorp leads liquidity, Central Fund splits its portfolio evenly between gold and silver, and BGR Precious Metals pursues gains through active trading, all purchasable via U S brokers. The R H M Convertible Survey cites a promising long term outlook for Westinghouse Electric with a 26 percent 12 month range. Glen Cove advisor comments follow.
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Personal Finance
Arlington
Goldcorp
BGR Precious Metals
U.S
Westinghouse Electric
Nyse
Sidney Fried
R.H.M
Glen Cove
N.Y
Assets top liabilities for our Uncle Sam
A Stanford UCLA study for the National Bureau of Economic Research finds federal assets exceed liabilities when valuing mineral rights and lands. With $2 trillion in assets against about $1.094 trillion national debt, per capita asset value is roughly $8,400 while per person liabilities are about $4,600.
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Sam
Christian Science Monitor
Uncle Sam Inc
United States
Uncle Sam
Stanford
Michael J. Boskin
Terrance O'Reilly
Praveen Kumar
University of California At Los Angeles
Marc S. Robinson
National Bureau of Economic Research
Washington
Federal Post Offices
Federal Reserve System
Boskin
Lorain County Bank declares 25 cent dividend
Lorain County Bank directors have declared a 25 cent per share dividend payable Dec. 1 to shareholders of record Nov. 24. Net income for the first nine months was nearly $1.59 million or $3.02 per share, up from $1.56 million or $2.98 per share in 1983. Total assets as of Sept. 30 reached a record high of $311 million, up 20.7 percent from 1983.
MENTIONED IN THIS ARTICLE
Westinghouse
Elyria — Lorain County Bank
Judge of Oberlin Municipal Court Serves 81 Years
Obituary notes a long serving judge of the Oberlin Municipal Court who dedicated 81 years to public service after a veteran career in the Korean War. The record highlights his dedication to the community, his role in local jurisprudence, and honors from veterans groups.
MENTIONED IN THIS ARTICLE
Oberlin Municipal Court
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Ohio Education Association
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