Denton Record-Chronicle (Denton, Tex.), Vol. 77, No. 27, Ed. 1 Monday, September 3, 1979 Page: 3 of 20
twenty pages : ill. ; page 22 x 12 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
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Business mirror
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382-6737
505 N. Elm
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OPERATED NATIONALLY BY
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More For Your Money
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9.645%
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ONICLE
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Values to 20 00
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LEWISVILLE
KELLER
302 5. '. 103 N.Main -
* $
ileli:
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IPT
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TPEOF
ACCOUNT
4 Years
182 Days
ANNUAL
RATE
EFFECTIVE
RATE*
MINIMUM
TERM
MINIMUM
DEPOSIT
25.00
100.00
100.00
100.00
100.00
MUSICAL
THEATRE
CHILDRENS
' PROGRAMS
Yes
Yes
Yes
Yes
Yes
Yes
Daily
90 Days
1 Year
2% Years
6 Years
8 Years
unior Fomous Nome
Brand Denim Jeans
n os standing of
M upon being
nd responsible
tentional errors
issue after it is
ccepted on this
TIN BUREAU
0, Capital Statrn
n. Texas 78711
u 512,478 5663
day morning by
30 Year
P.O. Box 369
■ She batted
Came catch-
•
White House
inum called
nen, both'of
! House and
ering loudly
were placed
f the line-up
at ahead of.
Washington
home that
socializing
i neighbors,
ing to local
' a tI
Regular Passbook
Savings Certificate
* Savings Certificate
Savings Certificate
Sayings Certificate
Savings Certificate
Variable Ceiling
Savings Certificate
Money Market Certificate
Courses and classes sponsored by The Greater Denton Arts
Council ‘ '
5.50%
5.75%
6.50%
6.75%
7.75%
8.00%
8.2%
the same effect.”
Perhaps the most important change of all, -
COMPOUNDED
DAILY
Yes
No ,
* BALLET
' MODERN
* TAP
* JAZZ
• DISCO
5.65%
5.92%
6.71%
6.98%
8.05%
8.33%
8.54%**
s
s
$
$
s
Men s Famous Name’
Brand Sport And
Dress Shirts
fl
apparently
arked in the
eer between
3:15 pem.
A LOWER MINIMUM DEPOSIT TO *
HELP YOUR EARN THE MAXIMUM
h
Americal Ballet Theatre
Ms. Sandi Combest, Artistic Director
Dance Department Head NT SU
Erick Hawkins Dance Company, N.Y..
Trained and performed in N.Y.
Ms. Dickie Arnold
Erick Hawkins Dance Company
Dance LA.
Trained and performed in N.Y.
Mr. Christopher Clarke
Actors Equity Association v . -
Casa Manana
Over 20 Professional Musicals
Trained and performed in N T
Mr. Timothy Sline
Over 20 Professional Musicals
Whed and performed in N Y.
DTSW Company Manager
Payless SheeSurce’
Contact:
Bob Sawey
Payless Shoes
514 University Or West
Denton Texas
382-6880 . .L____________
STORE
MANAGEMENT
Join America ‘s Largest Self-serve Family
Shoe Retailer
* * VARIABLE CEILING CERTIFICATE — This rate effective for accounts
opened in September , 1979
• Six Month Training Pregram
* Liberal Benefits Including Profit-Sharing
* Competitive Starting Salary
• Merchandise Discount
• Opportumit for Personat And ProfessionatGfowth
• Company Growth Plan* to 1 ripie Over Five Year*
Fedral regulations require o substantiot intarest penalty for withdrawal from certificate of deposit
accounts prior to maturity dates. w
Few takers on discount stock
85 percent of stockholders pass up this option
Why the relative lack of interest? Some investors
may feel they simply do not want to increase their
holdings of a given stock, and others apparently
prefer or need to get the dividends in cash
But neither of those reasons stands up to logic. A
stockholder who does not want to keep the ad-,
ditional stock can buy it at a discount and "turn it
over” immediately by simply selling it through a
broker.
Even with the broker’s commission on the sale, in
most cases the investor should come out ahead -A
with more income than he or she would have had by
taking the dividend in cash.
.*** MONEY MARKET CERTIFICATE — This rate effective for accounts
opened August 30 thru September 5, 1979
".o Ma. * —— - —
SSIQNAL INSTRUCTION BY PROFESSIONAL PERFORMERS!”
Mt. Nancy Drotning •
TCU Ballet, Harkness Ballet • /y
Monday, September 3, 1979 DENTON RECORD-CHRONICLE Page 3A
v, ■ . - ; 3
Bv CHET CURRIER
AP Business Writer
NEW YORK (AP) — In the past few years dozens
of American companies have begun offering to sell
shares of their stock at a discount. But to date they
have had few takers.
The discount is a further refinement of a type of
program that has gained wide popularity -in recent
years — the dividend reinvestment plan.
Under these voluntary plans, which are now of-
fered by more than 1,000 companies, stockholders
can elect to have their dividends automatically in-
vested in additional shares rather than receiving
them in cash.
According to the Wall Street firm of Salomon
Brothers, 13? of these companies issue new stock to
provide these shares, rather than having a broker
or other agent buy them in the open market.
And of those 132, no less than 77 offer the new
shares at a discount — typically 5 percent — from
current market value.
Some make similar offers on their preferred stock
or bonds, and a few even allow the discount on
additional cash purchases of shares. up to limits
generally ranging from $3,000 to $5,000 per month.
Salomon Brothers’ Robert S. Salomon Jr.
estimates that companies will raise $2 billion worth
of capital through such plans this year, accounting
for about.25 percent of the total raised during the
year through sales of new stock.
“Nevertheless," Salomon said in a recent-report
on the subject, "shareholder partidbatinn in these
plans is still modest, which is surprising since these
- AN EQUAL OPPORTUNITY EMPLOYER M F
1979 Volume Shoe Corporation
DANCE THEATRE Of ThC SOUWit AMS ttNtEt----
"THE” STUDIO IN THE METROPLEX!
• HOME OF DANCE THEATRE OF THE SOUTHWEST -
508 SOUTH ELM STREET, SUITE E
CLA$$E$ FORMING NQW CALL 387-8072 24 HRS.*
1.
, Teas
A-
-44 #
a___I
R. R. S. LEITH
hone 382-3200
highly specialized plans are offering stock at a
discount. ___ „
‘‘Currently, about 85 percent of all eligible
shareholders do not participate in those plans where
discounts are provided.”
These shareholders, Salomon noted, are not
responding despite the fact that they are being
offered "something for nothing" — am increased
return on their money, with little or no apparent
increase in the risk they are taking.
• CREATIVE MOVEMENT
FOR CHILDREN
' SPECIAL GROUP
CLASSES
- PROFESSIONAL COMPANY '
CLASS
ssing items
at $275, a
$80, a CB
it $150, a
, a powes
at $70 andb
Yourfovoresteo igh leg jeons ore n6w on sole tar bockt
xenootweorMony boek pocket des gn; so choose trom
. Front wotch pockets. Fobrie .s 100* cotton blue den m
Sees 313 -
1978 FORD THUNDERBIRD
This local one-owner car has only 11.000 miles and is richly equipped
with power steering, power brakes, air conditioning, automatic trans-
mission, power seats, power windows, tilt wheel, cruise control,
AM FM stereo, 8 tr^ck, tape, radio, power door locks, see-through re-
. moveable top and turbo wheels.
LEON McNATT
4,*,*. •y
,* 4 * 4
AIN
a
■
Junior Fashion •
— BJ o uses_______
688101288
Values to 15.00
Save now on these back-to-school favor-
ites! Many colors, Blouses are available
in a wide selection of styles and colors.
Easy-care fabrics in beautiful prints and
solids. Sires S-M-L. Merchandise similar
to illystraiton.
ley is sur-
> son: B.C.
Willis; a
frs.Sureda
of Frisco;
nildren. 24
idchildren
reat-great-
en
ailey—died-.—
he was born .
, 1891, in '
ss , and was-----
r pf the
church. She
in’ Frisco for
Men’s Famous Maker
Fashion Jeans
Values to 19.95 . . 1288
Dont -miss the sovings on this, targe ossortment if fQ.
mouszmoker foshion jeons Mopy pocket and woist «
cents' Eosy-core fabrics. Sues 28 36 MerchBnd.se simi.
lor to illustration.
HEi
aeu
beiekfi
„+**>
} ♦
Lee Bailey
— Funeral
r Mrs. Alta
88. of 1216
ce in Frisco,
held at 11- _
lay at the
— Funeral
el with the
irles Vari
officiating,
to be at Col-
t Cemetery
Bealls
• ■ .
however, has been the rapid growth of a secondary "p
market for mortgages, in which they can be bouight -L
and sold much like stocks on Wali Street. ■ . 1
• An institution such as the Government National
Mortgage Association or a private bank bundles ।
' -individual mortgages into a single package, and
then sells pieces of the package to investors.
Bealls
199 N LOCUS! DOWNTOWN DENTON 382 8936
OPEN MON TUES WED FRI UNTI s,30
OPEN THURSDAY UNTIL 8 00
OPEN SATURDAY UNIIL 600
- Rea.t 15 00 .588988
Togered short sleevo sport ara aress shirts in
. .osorted Ploid, solid and check paitems. Eesy care
moshine wash and dry tabries. Sizes S-M-L XL.
change was
rom the E-Z
B on East
/
(g== /A
SA A
NEW ALL WOOD SPRUNG FLOORING 1
TAKING DANCE MAY BE THE BEST STEP OF YOUR UFEiM
‘ Classes begin Sept 3 aid Sept. 10 including NTSU Dance Mini m
’ 100.00
'10.000.00
Housing industry to be less volatile
By CHET CURRIER .. "00 " N—.* — '
AP-Butness Writer— ' that, many potential buyers were shut out of the reduction of usury ceilings on mortgage rates in
NEW YORK — The housing industry has a Iona- mrket because savings institutions didn't Save the -some stateshave also helped to make it possible for
standing reputation as one of the most diot. mortgage money to lend them. — , lendifig-institutions to earn portfolio returns suf-
• sectors of the US economy. The lofty interest ratessothe 1970s compounded ficient to permit higher-rate accounts, and in-
Ite cycle has traditionally run from boon in this problem, attracting deposits out of savings" creased use of variable rate mortgages should have
times of easy credit, to bust whenever mZw accounts into other, higher-yielding investments, in
tight. money gets a process known as disintermediation.
But dramatic changes in the mortaage mapkte _ . But several things have happened in recent years
the mechanism that supplies thesindstry with its toalleviate that threat, Goldfarb noted in a recent
■ toSl ggomAyebecchangingaallthatFirst of all, ^e rules have been changed to allow
industry analyst at Merrill Lynch Pierce the savings and loans and savings banks to combat
Smith 'the housing cycle S sterin X disintermediation with a number of "new products"
will be significantly less volatile than it Eidne that, are more competitive than the standard
during the last 15 years ” “ has been passbook account. These include the six-month
in the nast thoDa a „ .. ... - money market certificates, or MMCs, which pay
have been hthenced not dnnsq hamnazbsundins rates equal to those otfered bysip-month Treasury
mennendforhotses, but 8180 by what happens in the "MMCS have been successfur in maintaining
wonbadttimesfortheeconomy.demandlorhouses
was reduced by normal economic forc^ top of At the same time, he dded, "Elimination or
v
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E
.DENTON PILOLPOINT PCI
piner a W Oak 3015. Lh’HE
West Hickory Lr-rr-
Wa,
7 •_
NORTH TEXAS SAVINGS
AND LOAN ASSOCIATION ’
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Denton Record-Chronicle (Denton, Tex.), Vol. 77, No. 27, Ed. 1 Monday, September 3, 1979, newspaper, September 3, 1979; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1594705/m1/3/: accessed June 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Denton Public Library.