MATTHEWS AND WRIGHT <MW> SAYS BONDS TAX-EXEMPT
Matthews and Wright Group Inc, citing
the opinion of bond counsel, said certain bond issues that it
underwrote were validly issued and will continue to receive
tax-exempt status.
    The company issues the statement as its stock fell 2-1/8 to
4-5/8 on the American Stock Exchange. Matthews and Wright said
that in response to press stories, governmental agencies have
made preliminary inquiries seeking more information.
 Reuter
