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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Aug 31, 1975

Page

23

Futures Fund reports higher second quarter profits

Futures Fund Inc a Cedar Rapids based investment firm reports rising profits for the second quarter ended July 31 with 70 cents per share versus 21 cents in the first quarter. First half 1975 profits are 91 cents per share against 3.47 dollars in 1974. The board declares a 15 cent quarterly dividend plus a 5 cent extra dividend with record date Sept 12 and payment Sept 30. President Robert C Bullen notes six month results compare unfavorably to 1974 but forecasts strong 12 month performance.

Inkruptcy Futures Fund, Inc Robert C. Bullene

Market Review Prices and Ranges Report

Market review shows bid ranges from 77.00 to 79.00 with a 76.45 floor and a 45 00 to 47 00 range. The shorthand notes imply futures or commodity price movement and trading activity for the period.

New York aMay Mnov Ua aJun

Market closes higher as rates outlook boosts week end

The Dow Jones average ends at 835.34, up 30.58 from a week earlier, and the Associated Press average reaches 261.6, up 8.2 for the week. Early trading drifted, but hopes for slower rate hikes lift stocks at week’s end.

Dow Jones Associated Press

Paxall reports higher sales and income in 1975 third quarter

Paxall, Inc. reports third quarter 1975 net sales of 14.862 million, up from 12.503 million in 1974. Nine month sales total 36.955 million versus 33.263 million prior year, and third quarter net income is 711 thousand, up from 485 thousand. Fully diluted earnings are 75 cents vs 50 cents. Nine month net income 1.226 million, or 1.48 per share after preferred dividends, versus 1.202 million or 1.40 per share. Cherry-Burrell in Cedar Rapids is a Paxall facility.

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