Dow Pushes Toward 1000 as Bank Rate Cut Spurs Rally
The Dow Jones rose toward 1000 as Bankers Trust cut its prime rate by a half point to 20 percent, offsetting Girard Bank's move to raise rates. The index stood around 997.77 at midday after briefly breaching 999, with 1,773 issues on NYSE and 24.6 million shares traded.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
NYSE
Banker’s Trust Co
Banker’s Trust News
Girard Bank of Philadelphia
Southern California Edison
Illinois Power
New York Stocks Mixed As Dollar Climb Shelters Some Shares
Listings show nationwide composite prices for NYSE issues with many names including Abbott Labs Air Products Alcoa Amex Am Airlines Citicorp CocaCola Exxon Shell and Dow components. Volume and price changes are mixed with notable gains for some lifts and declines for others amid market shifts in mid day trading.
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New York
New York Time
UPI
New York Stock Exchange
Abbott Labs
Aliginti 1 V1 «8200 52Va+ Ve Aligiw
Allid Co
AlliedSt
Es Allis Chim
Alcoa
AMAX
Vu Amrd H
Am Airlines
Bendix Co
Beth Sti
Block&d
Va Boei
Boise Co
Borden
Borger
Bost
Braniff
Inti
Ud Brigos
Bris My
BriGre
Brunswk
Bucyrus
Bunkrr
Cessna
Wut
Chrysler Co
Crone
Palvet
Ws Deere&Co
Dennisn
DetEdis
Diebold
Eapt
Dillon
DuPont
Ovanet
Easco
Eastern Air
Ethyl
Exceio
Exxon
Iowans Blitz Prospects In Chicago Area Drive
A 23-member Iowa delegation led by Ron Kraft of the Iowa Development Commission visited Chicago for a two day effort to lure potential industrial investors. They contacted 120 companies, identified four substantive projects, and aimed to boost sluggish state activity with a broader outreach strategy.
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Des Moines
Chicago
Iowa
Ron Kraft
Iowa Development Commission
Midwest
Kraft
The
Development Commission
Commission
Minneapolis
Cedar Rapids hog and sheep market reports Monday
Hog prices rose for butchers 210 to 240 pounds with packers up to 550 pounds and over 550 pounds. Sows under 550 pounds 38.50 to 39.50 and over 550 pounds 38.50. Light weights 200 to 210 pounds discounted 50 cents. Sheep lambs steady at 60 to 62 dollars. Buying hours 7 to 10 a m, Monday through Friday. Eggs: steady to barely steady. prices for Grade A large 42 to 48 cents per dozen. medium 33 to 38. small 14 to 21.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Des Moines
Federal
Iowa grain and livestock markets move on Monday
Iowa prices for soybeans, oats, and white corn edge higher on Monday while new and December soy crops and various corn futures show gains. Regional reports from Cedar Rapids Omaha Sioux City and Chicago cover hogs cattle and grain bids with mixed but mostly firm activity across markets.
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Cedar Rapids
First Mid-America Chicago
Chicago Mercantile Exchange
Coe
Nnncvene
Womensensonen
Eder Cattle Dubute Eccretmrmesnenenen
Ssasamseeneenennensnanan
Help Wanted Advertising Index Falls Sharply
The Help Wanted Advertising Index dropped seven points to 118 in April from 125 in March, marking the second straight monthly decline. The Conference Board said the seasonally adjusted index, spanning 51 major newspapers, sits at its lowest since August 1980, after peaking at 134 in November 1980.
MENTIONED IN THIS ARTICLE
New York
UPI
Conference Board
Steel demand stabilizes amid risen mill orders
Iron Age magazine reports demand in the steel market holding steady as mill order rates partly recover from May losses. Shipments in the third quarter are seen at 22 to 23 million tons, down from Q2 but above last summer’s lows, with demand outlook favorable for a decent summer.
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New York
UPI
Iron Age Magazine
Trade Journal
Iron Age
Iowa hog and cattle market report from Des Moines and Joliet
Livestock trading shows hogs moving slow to moderate with demand good. Prices advance 50 cents to 1 dollar in many weight classes. sows rise up to 1 dollar. Cattle in Joliet and Des Moines demand solid with steer and heifer prices climbing, mixed lots steady to higher. Pork values lift across several loin and belly categories. Estimated receipts: hogs 95,000. cattle 2,100.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Midwest
Raita Set Toner
Dollar Gains on Pound as US Rates Edge Up
The dollar rises against the British pound amid higher US rates and lower oil prices. Gold steadies near 457.50 in London, while the pound nears 1.92 to the dollar as other European markets pause for Whitsun. Milan reports the lira at 1203.25 to the dollar.
MENTIONED IN THIS ARTICLE
United Press International
London
U.S
Britain
Milan
India posts record trade deficit for 1980-81
Provisional figures from India's Commerce Ministry show the fiscal year ended March 31 with a trade deficit of 6.5 billion dollars, well above the prior year's 3.061 billion dollar record.
MENTIONED IN THIS ARTICLE
New Delhi
India
UPI
Commerce Ministry
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Champion Spark Plug
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Standard & Poor’s Index
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By Harrison Weber
Iowa Daily Press Association
Midwest Mar
C.R. Markets
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U.S. West North Central
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Omaha
Conner
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Sioux City
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Iran
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Beatrice Foods
Brenton Banks
Conrac Consolidated Foods
Dominion Bridge
Hawkeye BanCore
Interstate Power
Lowa Electric
John Deere
Keuttel & Esser Life Tinw 'S. Inc
Ltv
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Maytag
Mid-America Miracle O's Gold
Ozark Quaker Oats Rai Rockwell Shearson
Syntex
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Ialty
Setate
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Hogs
Joliet Livestock
Joliet
Iil
First
Mid-America
Nv Ni Ee
Rape Crisis Service
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