Wainwright Building hailed as father of skyscrapers
St Louis renovates the Wainwright Building built in 1891 as a pioneering steel frame skyscraper. Louis Sullivan conceived the design, with Ellis Wainwright funding the project. The $114 million restoration preserves the exterior while repurposing the structure for state offices.
MENTIONED IN THIS ARTICLE
St. Louis
UPI
Don Hunsicker
Wainwright
Louis Sullivan
Chicago
Sullivan
Ellis Wainwright
Chicago Lake Front
Hunsicker
Hastings & Chivetta
Slow summer day for stocks in mixed session
A slow summer trading day left markets mixed with slight gains in major indices. The Dow edged lower to 954.34 while the NYSE composite rose to 75.28 and the S&P 500 climbed to 129.64. total volume slipped from Friday across NYSE, Amex, and OTC.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
NYSE
U.S
National Association of Securities Dealers
Mobil bids for Conoco in multi company takeover offer
Mobil Oil joins DuPont and Seagram in a bid for Conoco, arranging bank loans led by Citibank. Analysts warn of antitrust scrutiny as a Mobil Conoco merger could rival Exxon in size, with Texaco possibly entering the race and Seagram and DuPont expanding offers to secure control of Conoco.
MENTIONED IN THIS ARTICLE
New York
Conoco
Mobil-Conoco
Exxon Corp
DuPont
U.S
Seagram Ltd
Seagram
Mobil
Sanford Margoshes
Bache Halsey Stuart Shields Inc
Texaco
Exxon
Phillip Arceda
Harvard University
Yale Brozen
University of Chicago
Reagan
Justice Department
Treasury bill yields rise at weekly auction
Treasury yields climbed at the weekly auction with $4 billion in three month bills sold at a 14.558 percent discount and $4 billion in six month bills at 14.23 percent. The three month rate was the highest since 14.982 percent on June 8 and the six month rate since 14.491 percent on June 1. The six month rate including a quarter point is 14.48 percent, with a 14.30 percent ceiling for money market certificates. Discount rates imply investor returns of 15.32 percent for 13 week bills and 15.55 percent for 26 week bills.
MENTIONED IN THIS ARTICLE
Treasury
Washington
UPI
Bohemian Rejoins Market With Fixed Rate Mortgage
Bohemian Savings and Loan returns to lending with a traditional 30 year fixed rate mortgage at 17 percent for owner occupied homes within 35 miles of Cedar Rapids. The move follows a six week hiatus as rivals pause fixed rate issuance and seek refinance via the secondary market.
MENTIONED IN THIS ARTICLE
Bohemian Savings and Loan Association
Bohemian
Cedar Rapids
Dennis Slauson
Raytheon reports 16 percent rise in second quarter earnings
Raytheon Co. announces Q2 net income up 16 percent to 84 million on sales of 1.423 billion, with earnings per share of 1.00 after a 2 for 1 stock split. The firm, parent of Iowa Manufacturing and Amana Refrigeration, posts a stronger quarter versus last year.
MENTIONED IN THIS ARTICLE
Raytheon Co
Raytheon
Iowa Manufacturing and
Amana Refrigeration
Sears Expands Iowa Purchases and Local Presence
Sears Roebuck and Co. bought 218.215 million dollars of merchandise from 70 Iowa suppliers last year, reflecting a strong local economic contribution. The company, led by M E Burkholder of the Midwestern Territory, operates 92 stores in Iowa and paid 7.446 million dollars in state and local taxes, with a Cedar Rapids Lindale Mall location noted.
MENTIONED IN THIS ARTICLE
Skokie
Ill
Sears, Roebuck and Co
Iowa
Sears
M.E. Burkholder
Lindale Mall
Cedar Rapids
Dollar Slips as Rates Ease in Europe Markets
The dollar eased in major European money markets on Monday as UPI reported softer U.S. interest rates. A late rally trimmed some losses while gold also declined amid light trading.
MENTIONED IN THIS ARTICLE
Europe
U.S
United Press International
USP Trust declares 16 cent quarterly distribution
The board of trustees of USP Real Estate Investment Trust announces a cash distribution of 16 cents per share for the quarter ended June 30. The distribution is payable July 30 to shareholders of record July 20. USP Trust is sponsored by Life Investors Inc. of Cedar Rapids.
MENTIONED IN THIS ARTICLE
Board of Trustees
USP Real Estate Investment Trust
USP Trust
Life Investors Inc
Cedar Rapids
Hearing on Cedar River pollution proceeds as scheduled
Twenty years ago officials announced that the planned Cedar River pollution hearing would continue on the scheduled date, keeping the investigation on track despite the surrounding debate.
MENTIONED IN THIS ARTICLE
Cedar River
Also Mentioned on This Page
St. Louis’ Wainwright Building
Joseph Seagram & Sons
Mobil Corp
Amex
Dome Petroleum
Gary Klott
Ford Motor Companies
Ibms
Xerox
Reagan Administration
New York Stock Exchange
Margoshes
Wall Street
Brazen
OPEC
John D. Campbell
Gazette
Slauson
Pension Funds
Martin Butschi
Perpetual Savings and Loan Association
the Gazette
Perpetual
Butschi
Similary
Wayne Young
Midland Financial Savings and Loan Assocation
Midland
Business News
Zurich
London
New York Commodity Exchange
Dallas
Sunbelt
Texas Economist
Rice University
Edward M. Miller
Texas Business Review
Houston
Miller
USP Trust Distribution
Gene Divory
Johnson
WAT Radio
Toco Electronics
Mt. Vernon Rd
P.O
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