Goldman, Sachs & Co. tightened its grip on the top ranking for senior managers of municipal bonds in the third quarter of 1991, pushing its year-to-date total to 211 issues totaling $16.25 billion, according to Securities Data Co./Bond Buyer figures.

Orrick, Herrington & Sutcliffe took a commanding lead in the bond counsel rankings, with 179 issues totalling $10.03 billion, and Public Financial Management Inc. was the top financial adviser, with 166 issues totaling $6.73 billion, according to the rankings. The rankigns were compiled by The Bond Buyer from Securities Data's data base.

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