Zecher Named Chief Economist for Chase Manhattan Bank
Iowa City economist Dean J. Richard Zecher of the University of Iowa College of Business Administration is appointed chief economist of Chase Manhattan Bank in New York, to assume duties by November 1. He will oversee domestic and international economic research as the bank emphasizes global lending risk awareness.
MENTIONED IN THIS ARTICLE
Iowa City
J. Richard Zecher
University of Iowa College of Business Administration
Chase Manhattan Bank
New York
Chase Manhattan
Willard C. Butcher
Zecher
University
Securities and Exchange Commission
Dean Zecher
Kenneth Moll
College of
Bank
London
Hong Kong
Europe
The
Orient
Butcher
Chase Economics Department
Iowa
Tulane University
University of Chicago
Monash University
Australia
U.S. Council of Economic Advisers
Willard L. Boyd
College of Business Administration
Moll
Bank of America
San Francisco
Citibank
Bargain Hunters Help Stocks Score a Small Gain
The market edged higher on slow August trade as bargain hunters steadied declines amid high interest rate concerns. Dow rose 1.91 to 928.37, NYSE index up 0.15 to 75.88, Nasdaq up 0.75 to 207.97, with Pan American and Texaco among active issues and Dome Petroleum leading NYSE volume at 4.17 million.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow
New York Stock Exchange
Institutional
Pan American World Airways
Texaco
Cities Service
Mesa Petroleum
Consumers Power
American Telephone & Telegraph
Mitel
American Stock Exchange
Dorchester Gas
Ozark Airlines
Fed offers liquidity loans to thrifts at stepped rates
The Federal Reserve proposed loans to savings and loan associations at 14 percent for 60 days, 15 percent for 90 days, then 16 percent, aiming to ease liquidity as many thrifts face losses from high funding costs and stiff competition for deposits. The Bank Board supports supplementing its funding with Fed aid amid 363-plus troubled associations and one insolvency plus several forced mergers this year.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Reserve Bank
Fed
Savings and Loans
Savings and Loan
Federal Home Loan Bank Board
Bank Board
Home Loan Bank Board
Paul Volcker
Richard Pratt
Federal Home Loan Bank
Federal Reserve
Pratt
New head named for Kalona bank
Gene L. Johnson resigns as president of United Central Bank and Trust Co Kalona to lead Estherville unit. Allen R. Kloess, previously vice president cashier and secretary in Marengo bank, will take over Sept 1. Both banks are part of United Central Bancshares Des Moines with assets rising to 24 million since 1972.
MENTIONED IN THIS ARTICLE
Kalona
Gene L. Johnson
United Central Bank and Trust Co
Estherville
Allen R. Kloess
Marengo
United Central Bancshares Inc
Des Moines
Eicher considers Florida purchase
Coralville bank president Frank Eicher says Uni Bank and Trust Co. may buy Walter Realty Investors Inc. of Tampa for about 10 million dollars after board approval. The OTC listed firm owns Florida Georgia Maryland Kentucky Texas mortgages and fee titles with about 1900 stockholders. The board meets Monday to decide the offer.
MENTIONED IN THIS ARTICLE
Coralville
Coralville Bank
Tampa, Fla
Investors Corporation
Frank Eicher
Unibank and Trust Co
Walter Realty Investors Inc
Tampa
Eicher
Florida
Georgia
Maryland
Kentucky
Texas
Ford to Sell Highland Park Model T Complex
Ford Motor Co. announced plans to sell the 102 acre Highland Park factory complex where the Model T was built beginning in 1908. The largely abandoned site includes about 20 buildings once tied to Henry Ford and the moving assembly line and the $5 daily wage.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Ford Motor Co
Henry Ford
Highland Park
Ozark Lays Off 200 Systemwide Workers But Cedar Rapids Safe
Ozark Airlines will lay off 200 employees system wide effective Sept 1 due to lower travel and the PATCO strike. Cedar Rapids staff of 27 are spared as local flights out of Cedar Rapids remain strong. MVA also cuts 138 positions with gradual rehiring of some workers.
MENTIONED IN THIS ARTICLE
Ozark Airlines
Ozark
Cedar Rapids
Cedar Rapids Ozark
Paula Keller
Ozark Public Relations
Keller
PATCO
Harold Gilbert
the Gazette
Chicago
Mississippi Valley Airlines
MVA
Burl McLaughlin
McLaughlin
Tribune trims Des Moines area home delivery plan
The Des Moines Tribune will end home delivery and vendor sales in 22 counties this fall, affecting about 8 000 of 78 000 subscribers. After Oct 5 delivery ends in nine towns while Polk County and parts of five counties stay served. The paper will reduce editions from three to one and drop the lunch hour newsstand.
MENTIONED IN THIS ARTICLE
DES Moines
Des Moines Tribune
Des Moines Register and Tribune Co
The
Tribune
Charles Edwards
Creston
Chariton
Centerville
Oskaloosa
Grinnell
Marshalltown
Jefferson
Carroll
Osceola
Polk County
Madison
Warren
Marion
Dallas
Jasper
Boone
Story Counties
James Gannon
Michael Gartner
the Register
the Tribune
Also Mentioned on This Page
Chase Bank
U.S. Treasury
Chicago Board Options Exchange
Grand Rapids
Mich
Kalona Bank
Florida Purchase
Eicher Florist, Inc
Eicher Greenhouse and Garden Center Inc
Eicher Management Corp
C.R
Diai 911
Collins Employees Credit Union
Calling Employees Credit Union
42Nd St. NE
NCAA
35Th St
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