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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 08, 1985

Page

19

Marks guides Mercantile Exchange through turbulent period

In New York, Michel Marks, 35, leads the NYMEX as oil markets wobble keeping OPEC price defense in focus. The exchange rebounded from near collapse after a potato scandal, with trading volume up over 550 percent since 1979 and Marks balancing duties at MercOil Inc while shaping world oil pricing dynamics.

Marks New York OPEC New York Mercantile Exchange Michel Marks Exchange Mercantile Exchange NYMEX Princeton Commodity Exchange Center World Trade Center New York Commodity Exchange New York Coffee, Sugar and Cocoa Exchange New York Cotton Exchange MercOil Inc The New Jersey New York Merc Philip Verleger Jr Charles River Associates Inc David Goliath

Money market and retail sales reports previewed this week

This week covers money supply and June major retailer sales due Thursday and Friday. Also notes Tuesday Cedar Rapids Administrative Management Society meeting at 7:30 a.m. and IRS reporting for tips. Includes New York money rates and money market fund yields.

Cedar Rapids The Administrative Management Society Holiday Inn Pat Fitzpatrick

Farm Credit Banks of Omaha Eyes Territorial Office Plan

Fourteen cities across Nebraska Iowa South Dakota and Wyoming are eyed for territorial PCA and federal land bank offices under a restructuring proposal by Farm Credit Banks of Omaha. Omaha would host a single land bank and PCA with 15 territories, pending approvals from farm borrowers boards and the FCA.

Banks of Omaha C.R Omaha Neb Nebraska Iowa South Dakota Wyoming Cedar Rapids Farm Credit Banks of Production Credit Associations Federal Land Bank Associations Farm Credit Bank of Omaha North Platte Grand Island Norfolk Casper Wyo Rapid City Yankton Watertown Sheldon Storm Lake Perry Mason City Newton Cedar Falls Lincoln Dean Raber Pcas Federal Land Bank PCA Farm Credit Fort Dodge Mitchell S.C Des Moines

Omaha Farm Credit Bank Posts 6 Million Loss In May To Aid Distressed PCAs

The Omaha Federal Intermediate Credit Bank reports a 1985 five month net loss of 6 million after diverting 11 million operating funds to 12 or 13 distressed Production Credit Associations in a four state area. Analysts note deterioration in farmland values and expect aid packages from other banks. Net earnings for the Land Bank and Bank for Cooperatives also fell versus 1984 and 1983. The bank projects a return to viability with year end aid and rate adjustments.

Omaha Neb Farm Credit Administration Pcas Farm Credit Banks FICB Federal Land Bank Bank For Cooperatives John Harling Harling Dean Raber Farm Credit Banks of The Omaha World-Herald Raber Ficb of Federal Land Bank of Omaha Omaha Farm Credit Bank FICE

New Home Sought for Ad Icon Museum in San Francisco

The Museum of Modern Mythology in San Francisco seeks a new home for its 3000 plus advertising artifacts. Icons include Speedy Alka Seltzer, the Jolly Green Giant, and Charlie the Tuna with Doggie Diner head added. If unplaced, collection will be stored.

Jolly Green Giant Speedy San Francisco Charlie the Tuna Museum of Ellen Weis Ms. Weis

Medium sized farmers stuck in the middle

North Dakota State University economists report that medium size farms pay higher tax shares and have a greater failure risk than small or large farms. For earnings between 40 000 and 99 000 the tax rate nears 33 percent, while 10 000 to 39 000 pay about 19 percent and above 250 000 pay around 23 percent. Over five years, more than 80 percent of farm closures were medium size.

Grand Forks N.D North Dakota State University Roger Johnson NDSA Johnson NDSU Richard Rathge Rathge

Also Mentioned on This Page

Universal Travel Internal Revenue Service Telerate Systems Inc Finance Company Treasury Merrill Lynch Farm Credit Communicator Fide of Fice of Marty Smith Millhiser Smith Agency Life @ Business Oakland Road
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