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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

Jul 06, 1994

Page

12

Fed Begins Two Day Meeting As Markets Read Signs

The Federal Reserve opened a two day FOMC session amid concerns over a weakening dollar and slower growth ahead. Analysts largely expect no rate change while stock markets show only modest gains as Treasuries rise and buyers await policy signals. The report notes stock and bond movements and highlights a small Dow rise of 5.83 points to 3652.48 with mixed regional share activity. Also cited are rising three and six month T bill yields and safe meat handling labeling becoming common on packages today.

Washington Federal Reserve U.S Federal Open Market Committee Central Bank Fed Iowa AEGON Equitable Penwest General Mills Raytheon United Fire Treasury Treasury Department

All-Iowa Fair livestock shows grow with Youth Horse and Pony shift

Livestock events at the All-Iowa Fair expand as the Youth Horse and Pony Show moves to Sunday Family Day. Darlene Langhoff notes big entries in Junior Beef and a growing program, with Open Breeding Sheep and Draft Horse shows planned for Thursday and Open Swine and Youth Horse and Pony to close Sunday. Admission is $5 for adults with free entry for under 12, armband rides at $10, and Gate Sneak-a-Peek at 5 p.m.

Langhoff Hawkeye Downs

Nordstrom Oil to Build Two New HandiMarts in Cedar Rapids

Nordstrom Oil Co confirms plans to construct two HandiMart convenience stores in Cedar Rapids this year. Construction is underway on a 2500 square foot Edgewood Road SW location expected to open mid August with about eight workers. The Kenwood store will be replaced by a new building and car wash after demolition planned for November 1.

Nordstrom Oil Co Cedar Rapids Edgewood Rd David Nordstrom Nordstrom Oil Nordstrom Kenwood First Ave

Iowa Crops Benefit From Sunshine and Rain

Government weekly crop report says Iowa corn and soybean crops enjoyed excellent growing conditions last week with corn heights averaging 53 inches and some plants 68 inches tall. Prices for corn and soybeans fell since mid June, while crop ratings show 47 percent excellent and 48 percent good for corn and 30 percent excellent, 61 percent good for soybeans.

Gazette Reports Associated Press Iowa Harold Stephenson Iowa Agricultural Statistics Office Corn Belt Chicago Board of Trade Massena

Farm listings dwindle amid rising values and demand

Dean Glock of Farmers National Co. says good quality farms are fewer on the market as owners enjoy recent value increases and seek better returns. He notes strong current prices, with 50 50 cropshare leases yielding about 4 to 5 percent after taxes, presenting a selling opportunity.

Dean Glock Farmers National Co Glock

Also Mentioned on This Page

Lexus Infiniti Saturn Toyota J.D. Power and Associates Nissan General Motors Honda Germany Audi By Marlene Lucas Nordstrom Oil Planning C.R. HandiMarts Edgewood Road HandiMart Highway 30 Edgewood Blairs Ferry Roads Atito Brenton Brentonzzi4 FDIC Agriculture Dept Iowa Crop Report Nyse Index NEW York Stock Exchange IBM M Industrial PepsiCo E Transport Shawinds Utilities GenElecs E Finance Merck +e American Stock Exchange XCL Ltd Viacom Rt Cheyifts Royal Oak Va Tt Viacom DOW Jones Amex Ind Biotech Computer Standard & Poor’s Spoo Ok Insurance Transpt Telecom Transport Financ Wilshire Associates Ource ‘Associated Press
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