Markets Tumble Yet Rally Falters Amid Hunts Silver Crisis
Wall Street ends a slow week with the Dow down 7.50, then up 6.48 to 784.13, as NYSE and NASDAQ show modest gains in thin holiday trading. Hunts silver debacle and NYC transit strike sour sentiment while volume sinks from the prior week.
MENTIONED IN THIS ARTICLE
New York
UPS
Hunt Family
New York City
Standard & Poor
Nelson Bunker
W. Herbert Hunt
Dallas
Hunts
Beaufort Sea
Canada
Englehard
NYSE
U.S
Howard Johnson
Imperial Group Ltd
England
Bond market ends holiday week with strength and higher rates
Long term taxable bonds strengthened on light volume as money rates rose. Governments opened firmer, rallied, and a 15-year U.S. bond sold at 12.69 percent. Commercial paper and bank prime rates advanced. California Edison AA bonds sold at a record 15.25 percent.
MENTIONED IN THIS ARTICLE
Howard Johnson
Madison Fund
IBM
Mobil Corp
Carter
Yates Industries
Square D Co
Yates
el Paso Co
Sonatrach
el Paso
Aetna Life & Casualty
General Growth Properties
General Growth
American Stock Exchange
Champion Home Builders
Amex
Resorts International
Delhi International Oil
Husky Oil
Alberta Gas Trunk Line Ltd
Husky
Amdahl
National Association of Securities Dealers
New York
UPI
Salomon Brothers
U.S
California Edison
Ford Motor Co
Salomon
Grain and commodity futures end week higher and lower
Technical rallies on major exchanges lifted wheat corn and oats from March levels with wheat up 1 01 cents, corn 9 cents, and oats 6 cents. Soybeans fell 94 cents. Meat and pork products mixed with cattle and hogs down. Gold down, silver up, copper down. Cotton down, sugar up, cocoa down, coffee down. Orange juice off, lumber and plywood down.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Mercantile Exchange
New York
Commodity Exchange Inc
Cedar Rapids Construction Slumps Hard Amid High Rates
Cedar Rapids area builders face a possible downturn as high interest rates curb expansion. Large firms may rely on municipal revenue bonds, while small builders struggle to secure financing. Some majors like General Mills and Rockwell Collins report ongoing expansion wrap‑ups with no immediate plans to grow.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Rockwell-Collins
General Mills
Collins Avionics and Missiles Group
Recession Signs Hit Cedar Rapids In 1980
The piece notes grim mood and hard times as forecasters warned of a recession. It cites unemployed railroad workers and those facing layoffs as evidence that finding new jobs remains unlikely in Cedar Rapids Iowa.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
Uncertainty for Railroad Workers Amid Industry Shutdowns
Milwaukee and Rock Island railroads have collapsed their operations in Cedar Rapids area causing 200 out of work with more layoffs possible. Ex Milwaukee workers seek severance and court challenges while Rock Island staff prepare for unemployment benefits this week. Local jobless rate expected above 4 percent with scarce work and stalled construction projects.
MENTIONED IN THIS ARTICLE
Milwaukee
Rock Island
Cedar Rapids
Rock Island Lines
Congress
Bob Hotz
Springville
The
Cedar Rapids Home Builders Association
Washington
Rockwell-Collins
Marion
Milwaukee Road
Kirk Slater
Hiawatha
Michigan
Iowa
Don Menke
Linn County
Menke
Westdale
Slater
IBM 370-338 Computer Sold to China for Peking Install
OPM Leasing Services Inc reports the sale of an IBM 370 338 J computer with peripherals to the People's Republic of China for installation in Peking. Price not disclosed.
MENTIONED IN THIS ARTICLE
New York
UPI
OPM Leasing Services, Inc
People's Republic of China
Peking
Scott Paper to sell Argentine Celulosa JuJuy stake
Scott Paper Co said it will sell its interest in the Argentine affiliate Celulosa JuJuy S A to a group of investors for an undisclosed price. The transaction was announced last week and involves the company’s stake in the cellulose producer based in Argentina.
MENTIONED IN THIS ARTICLE
Philadelphia
UPI
Scott Paper Co
Celulosa JuJuy S.A
Also Mentioned on This Page
New York State
C.R
Kurt Rogahn Gazette
YMCA
Railroad
China
Our
Lowa
MorAmerica Financial Corporation
1St Avenue
S.E
Dave Justice
7Th Ave
Royal
Canon
Royal Typewriter
RTCO
Fifth Avenue
Ane
U.S. Treasury
First Avenue
Morris Plan
1St Ave
Marion Blvd
Edgewood Rd
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