Stocks Rise As Rates Fall and Washington Hopes Renewed
The market advanced last week with falling rates and optimism of a Washington anti-recession plan. Dow Jones rose 21.98 to 666.61, S&P 500 up 2.02 to 72.98, NYSE composite up .98 to 38.84, with 1,268 gainers and 492 losers among 1,997 issues. NYSE volume averaged 16.44 million shares, Amex index up 3.24 to 71.05, AP 60 average up 4.4 to 232.8.
MENTIONED IN THIS ARTICLE
New York
Soen
Washington
Standard and Poor
New York Stock Exchange
NYSE
Amex
Associated Press
Iowa Illinois Net Income Up for Year
Iowa Illinois Gas and Electric reports higher net income for the year ended December 31. Net income rose to 12,538,232 in 1974 from 11,258,037 in 1973, with per share earning at 2.03 on 6,179,813 shares. Operating income totaled 22,262,968 versus 21,305,445 and operating revenue reached 148,875,062, including 76,966,002 for electricity and 71,909,060 for gas, with 5,321,922 of revenue collected since March 4 pending rate proceedings.
MENTIONED IN THIS ARTICLE
Iowa-Illinois Gas and Electric
Bank Clearings For Week Ended Jan 24
Bank clearings for the week ended January 24 totaled 16,540,638, per the clearing house report. This compares with 17,106,654 for the week ended January 17. The prior year week saw 12,074,129 in clearings.
National Oats appoints Smedley to top post in Cedar Rapids
Frank R. Smedley Jr elected vice-president and general manager of the Dura Buket division in Collinsville Illinois. He joined Dura Buket in 1958 as a sales representative and has been vice-president marketing. Other appointments include Bittinger as general sales manager domestic consumer products and Mindrum as product manager in consumer products marketing.
MENTIONED IN THIS ARTICLE
Frank R. Smedley, Jr
National Oats
Cedar Rapids
Dura Buket
Collinsville
Ill
Liggett Group
Smedley
Richard Proctor
Jack B. Bittinger
Thomas
Mindrum
Consumer Products
Howard C. Parks
CitiCar electric car arrives in Cedar Rapids at $3044 price
Sebring Vanguard’s CitiCar creates interest as the first licensable electric car in Cedar Rapids since 1921. Gruber Porsche Audi remains the franchised dealer at 5524 Center Point Road NE. The model’s looks and simple internals rely on batteries for power. Nearby, Goodwill Industries of Southeast Iowa sells its budget store building at 111 East College Street to Old Capitol Associates to fund debt retirement, with a new budget store to open at 1410 First Avenue.
MENTIONED IN THIS ARTICLE
CitiCar
Waverly
Gruber Porsche Audi
Center Point Road
Sebring Vanguard
Cedar Rapids
Gruber Porsche Audi, Inc
P. M. Lattner Sales Co
Berord P. Lattner
P. M. Lattner Manufacturing Co
Lattner
Iowa City
Goodwill Industries
Iowa
East College Street
Old Capitol Associates
O.R. Hibbeler
Goodwill
First Avenue
Hibbeler
A Avenue
Lattners
Sebring
U.S.A
CitiCar Electric Car Shows Small Range and Niche Appeal
The CitiCar offers 40 to 50 miles per charge with a 1,080 pound two seater and a top speed near 37 mph on declines. Priced at 3044 dollars, it includes heater and freight. charging uses 110 volt outlets overnight. History notes five early makers and Lattner family’s Iowa car legacy.
MENTIONED IN THIS ARTICLE
David Schultz
Gruber Porsche-Audi
Milburn
Waverly
Detroit
Rough-Lang
Hupp-Yeats
Lattner
Sebring
Iowa
Schultz
Also Mentioned on This Page
Illinois
Gov't Securities
William W. Musker
Karel A. Zachar
Loew & Co
American
Ugty Corp
Hawkeye Bancorp
Iowa Elec, Lt. & Pr
Iowa Southern Utilities
Life Investors Inc
Ozork Aeeneee
Paxell Seer Eeneneeene
H.R. Lubben Company
Lattner Brothers
Lunde
For All
Eran
Soles
Bos
Fupp Electric Motors
George N. Justice
CLU
Man OF
George
Company
Chartered Life Underwriter
The
Million Dollar Round Table
Northwestern Mutual Life Insurance Company
MorAmerica Financial Corporation
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