Stocks Drift Lower as Bond Market Cools Weekly Gains
Stocks eased on Thursday as traders awaited the week’s Treasury auction outcomes. The Dow slipped to 5713.49 after an early drop, with 334.56 million shares traded on the NYSE. Eastern Iowa stocks showed 19 gainers, 15 decliners, and 12 steady, including McLeod up 1% to 26% while Procter & Gamble fell 2% to 87 and Gillette shed 1% to 62.
MENTIONED IN THIS ARTICLE
Treasury
New York Stock Exchange
Iowa
McLeod
Procter & Gamble
Gillette
BayNetwkss
NokiaCorp
P Finance
Kmart
We Utilities
Compan
American Stock Exchange
Dhg
vaxCo
JTS Corp
Intel
Cisco
Amex
Biotech
Standard & Poor’s Computer
Transpt
Insurance
Utilities
Telecom
Finance
Transport
Wilshire Associates
Urce
Associated Press
MidAmerican Eyes Sale of InterCoast Energy Unit
MidAmerican Energy Co. weighs strategic options for InterCoast Energy including a possible sale as it pursues an unsolicited 1.17 billion dollar bid to acquire IES Industries Inc. for Cedar Rapids utility Cedar Rapids-based IES has yet to respond.
MENTIONED IN THIS ARTICLE
MidAmerican Energy Co
InterCoast Energy Co
IES Industries Inc
InterCoast
Des Moines
360 to offer local service via 360 Long Distance
Chicago based 360 Communications Co. will begin residential long distance service this month in Iowa Illinois Indiana Nevada North Carolina Ohio Pennsylvania Tennessee Texas and Virginia. Expansion to Alabama Florida New Mexico and South Carolina planned in coming months. Service marketed through 360 Long Distance to existing cellular customers.
MENTIONED IN THIS ARTICLE
360 ° Communications Co
Iowa
Illinois
Indiana
Nevada
North Carolina
Ohio
Pennsylvania
Tennessee
Texas
Virginia
360
Alabama
Florida
New Mexico
South Carolina
360 ° Long Distance
Cellular
Yields Rise on 30-Year Treasury Bonds at Auction
Treasury 30 year bonds sold with an average yield of 6.768 percent, up from 6.119 percent at the prior auction. The issue carries a 6 percent coupon and a $9,977 price per $10,000 face value.
MENTIONED IN THIS ARTICLE
Treasury
Mortgage Rates Fall Across Major Fixed Plans This Week
The 30-year fixed mortgages averaged 7.88 percent, down from 8.23 percent a week earlier, per a national survey by the Federal Home Loan Mortgage Corp. One-year ARMs averaged 5.89 percent, down from 5.98 percent, while 15-year mortgages averaged 7.40 percent, down from 7.75 percent.
MENTIONED IN THIS ARTICLE
Federal Home Loan Mortgage Corp
Harley Hoss Wins Big Boar At Iowa State Fair
Harley Hoss a 2% year old Duroc Chester White cross weighed 1170 pounds to win the Big Boar contest at Des Moines Iowa State Fair. Owner Steve Fisher of Grand Junction said an infection reduced weight and caused two weeks of poor feed but the pig recovered and he planned to push for more weight.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Harley Hoss
Duroc-Chester
Fisher
State Fair Saturday lineup at Iowa event schedule
Saturday events at the Iowa State Fair include Appaloosa Horses, Hampshire Swine, Dairy breeds, Poultry, Sheep Shearing, FFA awards, media center and more from 8 a.m. to 7 p.m. Competitions feature Berkshire and dairy cattle parades, celebrity milking, and sales across West Arena, Pavilion, and Sheep Barn amid prize-winning animals and remarks from exhibitors. Fisher wins grand champion steer Harley Hoss with runner up Whitey weighing 1103 pounds. Big Ram award goes to Hank at 376 pounds, with rival Ram shown by Merle Van Klontenberg.
MENTIONED IN THIS ARTICLE
West Arena
Columbia
Hampshire
Jersey
Robert Massee
FFA
Chianina
Maine-Anjou
Columbia Sheep Sale
Western Horses
Whitey
Fisher
Harley Hoss
Harley
Hank
Mike Hendrickson
Columbus Junction
Merle van Klontenberg
Orange City
Hendrickson
Machinists Reject Svedala Contract Amid Strike
Machinists Local 831 at Svedala Industries Universal Engineering rejected the company contract by over 90 percent voting against it. About 90 workers represented by the union participated. The sole new issue cited was a change to the labor agreement expiration date. No talks scheduled. a federal mediator is involved.
MENTIONED IN THIS ARTICLE
Lynn Feuerbach
Svedala Industries
Universal Engineering
Joe Ironside
Svedala
Ironside
Minnesota Leads In Taking Acres Out Of Reserve Program
Minnesota farmers have removed 135000 acres from the Conservation Reserve Program through May 31, the most of any state. The move, linked to grain markets and the 1996 program shift toward water quality, spans 7.4 percent of Minnesota’s reserve land. Other top contributors include Iowa North Dakota and Montana.
MENTIONED IN THIS ARTICLE
Minnesota
Minneapolis
U.S. Department of Agriculture
Greg Anderson
St. Paul
Iowa
North Dakota
Montana
USDA
Retail industry healthy despite sluggish July sales
The Associated Press notes July sales were lackluster due to Olympics and cooler weather, yet overall retail remains solid. Analysts cite mid month weakness then improvement as events pass, with August showing strength and back to school driving optimism. Wal Mart reports 3 percent same store growth and 11 percent total sales.
MENTIONED IN THIS ARTICLE
Associated Press
Terrence McEvoy
Jamney Montgomery Scott Inc
Midwest
East
Wisconsin case summons and city council work session notes
Plaintiffs Nelson seeks relief against Hartnett insurance entities with a May 1996 Calumet County summons. Defendants must answer within twenty days or face judgment. attorneys listed and court address provided. Separately Robins Hiawatha council work session notes convened August 1 1996 to discuss annexation and future boundary agreement with a twelve month ten year plan and a joint committee established.
MENTIONED IN THIS ARTICLE
State OF
Wisconsin
Clerk of Court
Calumet County
Court Street
Chilton
Lutz
East Main
Por Canton
Robins
Vvern
Arneal
Laird
Hiawatha
O Robins
James G. Arneal
Marilyn P. Cook
City OF
Fairfax
Auditor’s
Linn County
Auditor
Marcel
Fairfax City Hall
Fairfax City Council
Betty Panek
Also Mentioned on This Page
MidAmerican
State Fair
Harlan Hirsh
Indianola
Duroc
Apollo
Yorkshire
Joel and
Mark Forsyth
Charles City
Beau Bradfield
Packwood
Bradfield
First Ave. NW
Salomon Brothers
Wal-Mart Stores Inc
State OF Wisconsin Circuit Court
Myrta B. Nelson
Brown Lane
Waupaca
Stephen K. Hartnett
3Rd Avenue
Cedar Rapids
Oranes Insurance Company
P.O
Wisconsin Physicians Service Insurance Corporation
Madison
James P. Burner
East Main Street
King
Invvegi
Nevwinine
Don Melichar
Radon Public Information Line
Iowa Radon Coalition
the Gazette Ea
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