Stock market rally falters on Granville sell signal
Wall Street failed to sustain a rally after Granville urged selling as the Dow dipped to 962.45 by early afternoon. Declines led advances 700 to 673 on 1,762 NYSE issues, with traders taking profits despite a lower prime rate. Citicorp traded heavily at 23 34, SCA Services steady after blocks.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Granville
New York Stock Exchange
Joseph Granville
NYSE
Citicorp
SCA Services
American Stock Exchange
Dividend Terms and Stock Distributions Listed
The text outlines various dividend concepts including regular rate earnings, accumulated dividends, paid in 1980 and 1981, cash plus stock payments, stock only payments, and ex-dividend factors. It also references bankruptcy, reorganizations, capital distributions, warrants, when issued, and price earnings ratios with earnings over the last twelve months.
Market News Briefs From Des Moines to Joliet Hogs and Grains Reported
Des Moines reports steady trading of hogs with moderate demand and light to moderate price gains for some weights. Chicago lists wheat and corn prices, while Joliet notes cattle and hogs trade with several price ranges for 200 to 300 pound animals. Prices show small advances, with activity uneven across regions.
Tax breaks and gas prices could boost gasohol appeal
ADM chairman Dwayne O. Andreas says tax breaks and rising gasoline prices may make gasohol cheaper at the pump by year end. He forecasts ethanol output at 400000 gallons daily by summer as ADM sells ethanol to oil companies at about 1.75 dollars a gallon, with tax incentives cutting costs to around 0.80 dollars. If fuel prices rise 25 cents this year, gasohol could gain a price advantage.
MENTIONED IN THIS ARTICLE
Chicago
Archer- Daniels-Midland Co
Dwayne O. Andreas
ADM
Andreas
Illinois
Banks cut prime rate to 20 percent led by Chase Manhattan
Banks including Chase Manhattan reduced their prime to 20 percent from 2014 amid a mixed rate backdrop. Other institutions like Morgan Guaranty Continental Illinois and Chemical Bank followed, with analysts forecasting a gradual decline and caution over inflation and Fed policy.
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New York
UPI
Chase Manhattan
First National Bank of Chicago
Continental Illinois
Continental Bank of Philadelphia
Morgan Guaranty
Chemical Bank
William C. Dunkelberg
National Federation of Independent Business
Purdue University
Melton
Dunkelberg
Fed
Pioneer Hi Bred Reports First Quarter Loss
Pioneer Hi Bred International Inc reported a first quarter loss of 1.60 million on revenues of 21.13 million for the period ended Nov 30 1980. The company noted this loss is typical for its highly seasonal business and compared to a 2.19 million loss on 18.35 million revenue for the prior year.
MENTIONED IN THIS ARTICLE
DES Moines
UPI
Hi-Bred International Inc
Cedar Rapids Hog and Grain Market Report Fluxes
Cedar Rapids hog market held steady with butchers 210-230 lbs at 41.00 to 42.00 dollars and packers over 550 lbs around 36.50 to 37.50. Light weights face discounts. sows above 550 lbs steady. wool prices quoted for sheep at 49 to 51 dollars. Corn and soybean futures rose modestly with listed No 2 corn around 3.33 to 3.50 and soybeans near 7.83 to 7.99 per bushel. Prices and hours note 7 am to 10 am, Friday report by News Service.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Des Moines Hog Prices Steady to Higher on Friday
Livestock trade moderate with good demand as butchers steady to 50 cents higher. No 1-2 200-230 lb butchers traded 41.50 to 42.50 with some at 43.00, larger 240 lb lot up to 43.00. Sows mostly 37.00 to 39.00. receipts today about 100,000 with prior days near 108,000 and year-ago volume 75,000.
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Gmonk
SouthCo i
New York
New York Gull&Ws
Stock Exchange Halbrin
Sauibb St
Horteck
Abbott
HedaMn
SteinOrg
AeboLt
Heinz
StewWn
Sun Co
Alig
Alcco
Texeco
E— Am Airlines Amrd
Idaho
Inco
Inexco Ou
Mae Timken
Motors
inlandStel
Intit&t
Twn CF
Unirov! Inc
AvcoCe
Wa— KoisrAl
U SiInds
Avnet Inc
US Steel
Konplt
Bakam Las
Kennet
BaxterTi
Kidde Inc
Voliana
Ckmn
Kimbc
Vendo Oo
Elittow
Kmort
Kroger Kopers
Wolgrn
WarnLo
LearSig
LeeEnto
WsBanc
W Union
Viet Inti
Litemr
Westhe
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Litton
Wevrhs
Pet
Lockheed
Wheeling St
LoewCe
Whitker
William
Burling
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Corpur
Amex
Boston
Cincinnati
Pacific
McGrett
Midwest
Philadelphia
Divi
McLeann & Os
Merck
Castal
Monson
Nabisco
NatiDistiul
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NCR Corp
antTel
Air Ln
EIS
NingMo
Nortow
Pei
UPI
Owenitt
Stock Exchange
AdobeOn
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Phelps
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Phil
Dle sKodakie
Pillsbury
Hormel Loeri Pasota
Pitney
HoustOil
Emer E
Polloch
MCO Holdg Nsrch
Mitchell En
Sun Smark
RescCott
Las Ve Soutron
Usfilter
Ralston
Raytha
RCA Corleone
Revion
DOW
Renee
Webster City
Joliet, JH
Sioux City
Des Moines
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New York Time
U.S. West North Central
Federal State Market News Service
Webster City Livestock
Joliet Livestock
United Press International
Multimedia Inc
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Aroyal Bank
Colonial Fund
Colonial Option Inc
Hotel Invest
Idaho Pwr Coq
Transwavy intiCe
Adams Express
Betz Labs
Ford Motor
Gen Dynamics
Grace & Coq
Sioux City Livestock
Chase
William E. Melton
Irving Trust Co
Reserve Board
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Ozark Report
ST. Louis
Ozark Air Lines
Edward J. Crane
Ozark
Brenton
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Iowa
Steve Canyon
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Lawa Farm Eggs
Federal
Deaier
Cedar Rapids Grain
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First Mid-America
Mercantile Exchange
Rhoodes Inc
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Am. Ins. Fund
Archer Danielsanuary
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