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Friday, September 6, 2013 – Daily News 5A Stocks edge higher after encouraging jobs reports NEW YORK (AP) — More evidence of an improving job market helped lift stocks Thursday. The pair of employment reports also boosted the yield on 10-year Treasury notes to 3 percent, the highest level since July 2011. The Labor Department reported that the four-week average of applications for U.S. unemployment benefits has fallen in the past month to its lowest point since October 2007, two months before the Great Recession officially began. Also, a survey from the payroll company ADP showed that American businesses added 176,000 jobs in August, fewer than in June and July but roughly in line with the monthly average for the year. The encouraging news came one day before the government releases its closely watched report on job growth for August. Many investors believe that strong growth will ensure Wall Street that the Federal Reserve will start to reduce, or ''taper,'' its bond-buying program later this month. The U.S. central bank is buying $85 billion in bonds a month to keep long-term interest rates low and to stimulate the economy. Fed stimulus has helped drive a bull market in stocks that has lasted more than four years. Thursday's employment news means that ''the Fed probably lays out a tapering schedule in September,'' said Phil Orlando, chief equity market strategist at Federated Investors. While stock trading may be volatile in the coming weeks, investors will ultimately see the reduced stimulus as a positive sign because it means that the economy is strong enough to expand without the Fed's help, Orlando said. ''It should leave stocks in great shape.'' The Dow Jones industrial average rose 6.61 points, or less than 0.1 percent, to 14,937.48. The Standard & Poor's 500 index rose two points, or 0.1 percent, to 1,655.08. The Nasdaq composite gained 9.74 points, or 0.3 percent, to 3,658.78. Some retail stocks were among the biggest gainers. Costco rose $3.12, or 2.8 percent, to $114.62 after the discount store chain said revenue at stores open at least a year rose 4 percent in August, slightly faster than Wall Street's expectations. Walgreen's also gained after reporting a strong rise in sales last month. Walgreen's rose 70 cents, or 1.4 percent, to $50.19 after reporting a 4.8 percent increase in sales. In government bond trading, the yield on the 10year Treasury note climbed after the jobs reports. It also edged higher after a private survey showed that the U.S. service sector expanded at the fastest pace in nearly 8 years last month as sales and orders grew and employers ramped up hiring. The yield on the 10-year note rose to 3 percent late Tehama Country Real Estate Stromer Realty 590 Antelope Blvd Bldg. A, Suites 10 & 20, Red Bluff Thursday from 2.90 a day earlier. The yield is the highest it's been in two years as bond traders anticipate that the Fed will cut back its stimulus. It has This Week 23080 Rodeo Avenue Hwy 99W OPEN HOUSE DAILY (530) 527-3100 ~ Specializing in residential to ranches ~ http://redbluff.stromerrealty.com Ideal Horse Property risen sharply from 1.63 percent in early May. Rising yields on Treasury notes matter for the economy because they are used to set mortgage rates and other key interest rates. Average fixed rates on U.S. long-term mortgage rates rose to 4.57 percent this week, close to their highest of the year. Stocks slumped in August, partly over concerns that the Fed would slow its stimulus and higher interest rates would harm the economy. The S&P 500 index fell 3.1 percent, its biggest monthly decline since May 2012. It appears, however, that investors are getting more comfortable with higher borrowing costs. ''We don't anticipate that a gradual rise in rates will choke off the economy,'' said Dave Roda, regional chief investment officer for Wells Fargo Private Bank. ''We are still looking at very low rates historically.'' (N of Tehama Road, S of Gerber Road) $297,500 This Week Featured Property ALL NEWLY REMODELED 3 BD, 2 BA ON 10 ACRES 8416 Sherwood Blvd., Los Molinos $350,000 Unusually well built home with warm wood beam ceiling. Huge kitchen with large breakfast bar countertop. Additional space for dining room furniture. Large, comfortable living room and master bedroom. Ceiling fans are throughout the house. Tremendous amount of storage! Skylights in the bathrooms, wood burning stove in living room, carpets throughout with vinyl flooring in kitchen, bathrooms and laundry room. 2200 sf, open floor plan, 3 car attached garage, fresh paint inside & out, new carpet, fenced & x-fenced, large covered patio. $325,000 • 20410 Live Oak Road FSBO (530) 941-8706 VIEWS OF LASSEN & MT. SHASTA!! ~ RANCHES ~ 10980 Shasta Blvd, Dairyville Country home 30+/- acres, irrigated, corner lot................................. $345,000 Wild Rose Ranch House, barn, pool, very desirable irrigated 46.44 acres... $985,000 11601 A St., LM 76.270+/- Acres, Beautiful Small Ranch with Well Kept Home..............................$515,000 30973 Manton Road This Ranch provides Multi-Use Potential.................... $699,900 Carpenter Ranch 10,230 Acres, Exc. Winter Grazing Cattle Operation.. $12,766,000 ~ RESIDENTIAL ~ 22851 Oak View Drive 4 bdrm, Wood stove, Great family home! .............................. $255,000 2540 Cimarron Drive Lovely home in immaculate condition!....PENDING! $249,500 NORTH STATE PROPERTIES 616 Washington St, Red Bluff SHELLIE JOHNSON CAROL MAY BROKER REALTOR BRE 01430130 BRE 00612194 Cell: 530-526-3367 Cell: 530-514-8946 ~ RECREATIONAL ~ Yuba River Property Serious Fly Fishing, 74 +/- Acres............................... $500,000 ~ COMMERCIAL ~ 590 Antelope Blvd. Two Newer Office Buildings, Highly Visible Thoroughfare....... $775,000 ~ LOTS ~ 20110 San Juan Wooded parcel with paved access......................................... $68,000 0 Rivers Edge Drive, Bend 5.25 acre home site on the River.....................$175,000 21975 Bellota Lake California...............................................................................$8,500 Parey Ave, Lot 4 Dairyville, 1.99 buildable acres on the Sacramento River..... $180,000 26249 Mulholland Dr. Los Molinos Outstanding 10 Acre Lot........................ $149,000 NEW LISTING ~ 3 - 2 1/2 bath 4. 64 acres, 1660 sq. ft. beautifully updated from top to bottom. Wonderful Private home with quite country setting. Two Separate Dwellings: Perfect for semi-retired, 14x60, 2 bd newer manufactured home: PLUS 1 bedroom + rental with current long term tenants. RED BLUFF: 1979 Manufactured home on permanent foundation. 10 acres, 3/2 1440 sq. ft. asking $139,900. ANDERSON: 2008 1483 sq. ft. 3/2 with attach. extra large garage, large back yard. ASKING $197,000. • Single story family home built in 2006 • 2275 square feet • 3 bedroom, 2 bath • Jacuzzi tub in master bedroom • Walk in closets in all bedrooms • 3 car garage with automatic garage door openers • Spacious kitchen with breakfast bar and plenty of counter space and cabinet space • Includes all appliances (range/oven, dishwasher, refrigerator, microwave, garbage disposal, washer, dryer) • Gas fireplace in living room • Ceiling fans in every room • Central air conditioning • Carpet • Tile floors in kitchen, bathrooms and entry way • Vinyl fence across the front • Covered patio, deck • Well water, septic system and propane gas • Automatic sprinkler system • 35 assorted fruit trees Home is situated on fenced 4.33 acres with El Camino Water District water shares. Location provides majestic views of Mt. Lassen and Mt. Shasta. This is a great horse property located within major highways and only 8 miles south of Red Bluff. Call (408) 892-9840 WESTERN REAL ESTATE REDUCED! MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 $399,500 Commercial Properties For Sale: • 124 S. Jackson, 3.65 acres plus improvements ..........$199,500 • 1870 Montgomery (Industrial) ..................................................2 Acres • 13545 Saint Marys Ave. (Or lease).................................40,000 sq/ft Commercial Properties For Lease: • 124 S. Jackson .............................700 sq/ft Fenced Shop, Storage • 731-741 Main St. (Upstairs).............................................various size suites • 955 Main St. (Suite inside Bank of America building).......2,995 sq/ft • 560 Diamond Avenue (Vacant Pad)..........................................8,000 sq/ft • 1040 Monroe Street (Commercial/Industrial)............................1,000 sq/ft • 756 Rio Street...................Individual 1800 sq/ft Professional Offices 1+ acre with beautiful home on the river, with dock. $576,500 Triplex with full occupancy .................................................................. $165,000 10 AC. with 2600 s.f. home & 40x80 shop w/inlaw setup....................$399,000 3/2 in Antelpe on more than 1/2 acre..................................................$198,000 1.5 ac with Mill Creek Frontage, 3000 s.f. custom home and shop.....$385,000 Business opportunity, Mill Creek Resort w/ store/resturant/cabinrentals ..............................................................................financing available $999,000 9 acres with approved tenative map for 9 lots, OMC..........................$450,000 2.8 ac on the river w/manufactured home...........................................$179,000 22399 Adobe RoadSpectacular river front home with a 75' patio, on the edge of the river, 2400sf home on 1/2 an acre. RE/MAX Five Star 2405 Hilltop Drive Don D. Davis Redding, CA 530-524-3137 DRE LIC # 00368854 530-529-2700 314 Washington St, Red Bluff, CA 96080 96002 www.TehamaCountyRealEstate.com OPEN HOUSE ALL WEEK Monday thru Sunday 9am to 8pm Rio Vista Estates Adult park on the river 2 bd, 2 ba #92 $30,900 528-2371 2 bd, 1 ba #124 $29,900 Owner Will Carry Please come join us for an OPEN HOUSE 5.74 acres 3 bed, 2 bath with large shop. 2 acres with power along the road.............................................................................$25,000 2 homes on 3.27 acres, fenced and crossed fenced...............................................$145,000 2.5 acres on the Sacramento River with 3 commercial buildings Owner will carry with large down...... $749,000 160 acres with cabin................................................................................................$200,000 1586 sq. ft. home in the mountains............................................................................$60,000 20 acres with well and septic, and power along road .............................................. $100,000 10.75 acres with a shop, power, well and septic......................................................$140,000 3 bed 2 bath home on 5.74 acres with large shop, fenced......................................$237,000 Two river front lots zoned multi family ................................................................ $85,000 ea 15.31 acres with power and community water, several out buildings and year round creek.........$80,000 5.9 acres with power along the road..........................................................................$50,000 5500 sq. ft. Commercial Building That has two suite offices, apartment and warehouse....$190,000 2 bedroom, 1 bath with bonus room and pool.........................................................Pending Serving all of Tehama County, Northern Glenn County & Southern Shasta Robert Thayer, Owner / Realtor 1704 Solano St, Corning CA, 96021 Call me at (530) 515-3367 for any information on any listing, or listing your own home/business/property. Email rthayer@remax.net License # 01486553 RE/MAX American Dream in the very desirable Rio Vista Mobile Park overlooking the Sacramento River. th Sunday, Sept. 8 , 12 noon-3pm Come sign in at 83 Casa Grande for snacks & drinks and more information. The open house will include all 3 properties: 167 Casa Grande•83 Casa Grande•126 Casa Grande Julie Lyford RE/MAX Top Properties 605 Main St, Red Bluff 530-527-11111 530-736-7872 (cell) tehamarealty.com BRE#: 01931533