Iowa banking chief resigns after 11 bank closures this year
Iowa Banking Superintendent Tom Huston resigned citing growing job demands amid a statewide financial crunch. Gov. Branstad named Crawfordsville lawyer William Bernau to replace him. Huston, in office since 1975, warned the crisis extended beyond farmers and noted no bottom to the troubles as land values and commodities faltered.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Tom Huston
Crawfordsville
William Bernau
Huston
Coffee prices rise as Brazil drought boosts futures
The AP reports major coffee roasters raised wholesale prices by 60 to 65 cents per pound during Christmas week. Futures surged on Brazil crop damage, with potential 1986 87 harvest cuts down by up to half. Analysts warn prices could top $3 per pound, while retail levels vary and may lag.
MENTIONED IN THIS ARTICLE
General Foods Corp
Procter & Gamble Co
Chock Full O’nuts Corp
Coffee, Sugar and Cocoa Exchange
New York
Brazil
Joseph Breslin
Wheat First Securities, Inc
Inter-Dealer
Comex
American Furniture
Apple Computer
Atlantic Research
Bassett Furniture
Bluefield Supply
Burke Parsons
Cadmus Commundiations
Coherent
Dibrell Bros
Dominion Bankshares
Exposure Industries
Figgie Intl Holdings
Fingermatrix
First Carolina
Fortune Systems Silver Glaxo Holdings Adr
Kincaid Furniture Inc
Dec
Ladd Furniture Inc
MCI Communication
Peanut Shack
Amer
Presidential Airways
Pulaski Furniture
Ragen Corp
Famous Brands Showeys Inc
Oh Mar
Sovran Financial
Starr Surgical
Westmoreland Coal Thu
Williams Industries
Hope for lower rates spurs higher prices
Hope for lower interest rates propelled a sharp stock market advance on Friday, as the Dow rose 16.51 to 1,543.00 and major indexes posted solid intraday gains. Traders cited possible Fed discount-rate cuts, with technology and auto issues leading advances amid holiday mood. James Oglethorpe and about 130 English colonists arrived at Charleston on Jan 13, 1733, en route to Georgia.
MENTIONED IN THIS ARTICLE
New York
CSX
GerbPd
Gillette
Mobil
Watte Royle
AMR
Chrysir
Gdrich
NCR
Citiero
Goodyr
Sears
Comsat
DeltaAr
IBM
NYNEX
Amrtch
DowCh
Oklage
duPont
At&t
Kmart
Amoco
KaisrAl
US Steel
EsKod
Pacity
Uswest
Armco
Exxon
Te Kopers
Be Kroger
William
BellSou
Lukens
PhilaEl
Wolwth
BethStl
PhilPt
Xerox
New York Stock Exchange
Wall Street
Federal Reserve
Dow
Sperry
General Motors
Ford Motor
Ford
Chrysler
Boeing
Nippo Airways
NYSE
Standard & Poor
S&p
James Oglethorpe
Charleston
S.C
State of
Georgia
Also Mentioned on This Page
Wheat First Securities Inc
Eaton
Inexco
Newmat Mng
Emis el Intl
Mnris
Nik Sthn
Spectra Phy
Atlas Corp
Bakr Intl
Ethyl
Jim Walter
Am Coal
Syntex
Baltg&e
Firestone
J&s
Ohio Edison
Taftordest
Kaneb Svcs
Occidental
Texas Instr
Bank of Va
Fluor
Kirby Expir
Transamerica
Inds
Lear Siegler
Trico Intl
Foster
Lear Petri
LTV Corp
UNC
Asecs
Boise Cas
Galaxy Oil I
Litton
Associated Press
Agriculture Department
Foreign Agriculture Service
Brazilian Coffee Institute
Nk Ei . Ul Caine
Asics Tiger
Adidas
Hestverd
Douglas Sporting Goods
Princeton
Whitetail
Hunter
Inugla
Tre i
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