Markets end January with strongest week in two months
Stocks closed January on a brisk note with heavy turnover and a late rally lifting the Dow 26.07 to 871.10. NYSE volume reached 278,193,655, the strongest since April 1981, while the S&P jumped 5.02 to 120.40 and the Nasdaq-like OTC index rose 2.46 to 188.39. IBM led gains on the NYSE as tech shares rallied amid mixed outlooks for Reagan proposals and recession timing.
MENTIONED IN THIS ARTICLE
New York
UPI
DJIA
NYSE
U.S
New York Stock Exchange
Standard & Poor
Honeywell
Commodore International
Texas Instrument
Digital Equipment
Hewlett- Packard
Brunswick Corp
Whittaker Corp
Brunswick
Whittaker
Firestone Tire & Rubber
Shaklee
Wall Street Journal
Heublein
RJ. Reynolds Industries
Phillips Petroleum
Joseph Sthrlitz Brewing Co
American Stock Exchange
Commodity futures rise on weekly close in Chicago markets
Prices in major futures markets edged higher as the week ended. Gold settled at 384.60 per troy ounce, silver at 8.196, copper at 0.7355, wheat 3.77 per bushel, corn 2.74, oats 2.15, soybeans 6.56. live cattle 62.45 per pound, feeders 62.87, hogs 50.85, pork bellies 71.80.
MENTIONED IN THIS ARTICLE
Chicago
Commodity Exchange
Chicago Board of Trade
Chicago Mercantile Exchange
Bonds rally in week despite negative news in market
UPI reports a broad based bond market rally last week with mixed signals as money supply declined less than expected ahead of a $10 billion Treasury refunding. Fed testimony suggested the bulge in money supply would be temporary and no near term rate hikes, while municipal bonds saw buyers return and blue list inventories shrink amid tax related selling.
MENTIONED IN THIS ARTICLE
New York
UPI
Treasury
Federal Reserve
David M. Jones
Aubrey G. Lanston & Co
Fed
Paul Volcker
Congress
Philip Braverman
Chase Manhattan Bank
William C. Lentz
Sentry Securities Municipal Bond Firm
Lentz
Salomon Brothers
Centennial of Cedar Rapids Electric Light and Power Co.
A century ago Cedar Rapids witnessed electric lights debut at a circus, spurring a public meeting and the formation of the Cedar Rapids Electric Light and Power Co. The firm grew into Iowa Electric Light and Power Co., now a large NYSE-listed entity serving 203,000 electric and 130,000 natural gas customers across multiple states. The centennial will feature a logo, a history book by John J. Murray, a photo history titled Reflections, an energy workshop, a calendar, radio segments, and ties to the Cedar Rapids Symphony Orchestra.
MENTIONED IN THIS ARTICLE
Cedar Rapids
W.C. Coup
Grand Hotel
Cedar Rapids Electric Light and Power Co
C.G. Greene
N.O. Lawton
C.L. Miller
W.L. Moulton
I.N. Isham
Iowa Electric Light and Power Co
New York Stock Exchange
Big Board
Iowa
Minnesota
Nebraska
Colorado
John J. Murray
Coe College
Also Mentioned on This Page
Dome Petroleum
Supron Energy
Gulf Oil of
Canada
National Association of Securities Dealers
Salomon
Bruce Fishwild
Gazette Financial Editor
Duane Arnold Energy Center
Palo
Keller Hall
Clarge Office Furniture & Supply
Open Office
First Ave
S.E
OLD Public Library
Iowa City
Andrea Hauer
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!