Composite prices and stock listings from early morning NY market
United Press International reports mixed composite prices as of 10 am across major markets including NYSE NASD and regional exchanges with notes on dividends P E ratios and trading blocks. Cattle and hogs prices and Friday estimates follow the stock data.
MENTIONED IN THIS ARTICLE
United Press International
P-E
Nds
Ee Aberor
Petro
Vaeimont
Driver courtesy extends behind handlebars and wheel
The passage asserts that a driver's duty to be courteous and cautious applies equally whether operating a bicycle or a motor vehicle. It emphasizes consistent safety behavior regardless of the vehicle type.
Room7 Nefche Nom and Petche Weighs Report
A fragment reports weights and numbers for Room 7 Nefche Nom and Petche. The terse entry lists 222 089 0 and 025 40.72 with a 30 weight value, indicating tentative measurements or inventory notation.
Penny shortage hits Cedar Rapids pennies run dry
Leo McLain head teller at Merchants National Bank Cedar Rapids reports a penny shortage spreading within a 50 mile radius. The Fed and Continental Illinois Bank offer no solutions as banks restrict penny supply to five or ten dollars. McLain urges the public to dig out loose coins and return them to circulation to ease the shortage.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Leo McLain
Merchants National Bank
McLain
Continental Illinois Bank
Federal Reserve Bank
Chicago
Merchants
MNB
Fed
Iowa Hog Markets See Slow Trade Amid Solid Demand
Des Moines reports hog trade slow to moderate with demand good. No. 1-2 butcher weights 200-230 lb mostly 34.00-35.00, other weight ranges 33.50-35.50, 31.00-33.50 for heavier classes. sows 26.00-28.00. Receipts about 90,000. prior week 89,000. year ago 64,000.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Cedar Rapids hog and grain market report highlights
Friday markets show steady to higher hogs with butchers and packers weighing 400 to 550 pounds and over 550 pounds. Sheep lambs and sow prices noted. grain futures list June to new crop prices for corn soybeans and oats delivered to Cedar Rapids processors. Soybeans and corn prices move with slight changes from Thursday led by Pro Farmer Grain data.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Pro Farmer Grain
Exchangeable Debentures Reappear In Corporate Financing
New York firms revive exchangeable debentures convertible into other companies stock to cut borrowing costs and offer investors a chance to share in equity gains. Textron and Mesa Petroleum have announced large offerings convertible into Allied Chemical and General American stock respectively, while Sun Co used the instrument to shed Becton Dickinson. Tax rules allow nonrecognition of gains on conversion, enhancing appeal despite potential capital gains taxes on certain convertible deals.
MENTIONED IN THIS ARTICLE
New York
Textron Inc
Allied Chemical Corp
Mesa Petroleum Co
General American Oil Co
Texas
Sun Co
Becton, Dickinson & Co
Becton
Sun
Securities and Exchange Commission
NAD
Mesa
American General
General American
Josiah O. Low 3d
Merrill Lynch
White Weld Capital Markets Group
Wall Street Journal to Build Regional Plant Near Des Moines
W. Gilbert Fault Jr. announced the Journal will establish a regional plant in the Des Moines area, with officials previously eyeing a site at 42nd Street and University Avenue in West Des Moines. The company has "definitely decided to come to Des Moines."
MENTIONED IN THIS ARTICLE
West Des Moines
UPI
Wall Street Journal
Des Moines
W. Gilbert Fault Jr
42Nd Street
University Avenue
Irving Trust and Chemical Bank Cut Prime Rate to 12 Percent
Irving Trust Co and Chemical Bank reduced their prime loan rate for top rated corporate borrowers to 12 percent. The move follows the Federal Reserve Board cutting its discount rate a full point to 11 percent, with banks still typically facing a 12 to 13 percent prime range.
MENTIONED IN THIS ARTICLE
New York
UPI
Irving Trust Co
Chemical Bank
Irving
U.S
Chemical
Federal Reserve Board
Fed
Bank of America
Citibank
Manufacturers Hanover
Auto industry layoffs edge up before brief plant restarts
U.S. automakers report total layoffs will rise to 238,650 next week from 237,850 as several idled plants re open Monday. Overall weekly layoffs hit 271,850 including 33,200 idled, with 10 plants scheduled to shut starting Monday to align inventories with sales.
MENTIONED IN THIS ARTICLE
Detroit
API
U.S
Industrial output falls in May signaling deepening slump
UPI reports May industrial production dropped 2.1 percent after a revised 2 percent decline in April led by auto, home goods, construction supplies and durable materials. Durable consumer goods fell 4.9 percent while non-durable goods slid 0.7 percent as energy, textiles, paper and chemical materials also declined.
MENTIONED IN THIS ARTICLE
Washington
UPI
U.S
Federal Reserve Board
Federal Reserve
Stocks rise amid broad market gains on lower interest rates
Wall Street held a broad advance as investors took profits in some areas while Treasury rates eased. The Dow edged up to 873.97 after a morning rise. trading was active with 1,764 NYSE issues and 25.4 million shares changing hands. Major movers included Sony, Deere, GM, and Diamond International amid varied price moves and block trades.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow
New York Stock Exchange
Treasury
NYSE
Sony Corp
Deere & Co
Federal National Mortgage
Bally Manufacturing
Holiday Inns
Also Mentioned on This Page
Matinve
Pacific
Aladelphia Midwest
Nsrch
Howard
McGrai
Merck
Fobersce
Quakro
Beth Tr
Incolta
I Cownie
Inexco
Jet
Mohsco
Rolston
Omaroh
Monson
Ibmce
Motorio
Nabisco
KoisrAl
NevPw
SofwStr
SannettCo
Kcstihn
NiogMo
eiResisPe
VoElec
Sairos
Konsw
Nlinds
Wolern
WornCom
Soran
Kennett
NwBcp
WornLo
Norton
Kiddeln
GenStee
Kmart
Union
KnightRi
Westhe
Koeers
Kroft
intGos
Singer
Gerber
Kroger
Iin Corp
Weetty
Lee Ba Rekl
Ilette
Whittaker
Gorich
Vidiet Ve Wickes
Great A&p
wstBc
Iker Ve
Gwstfni
Lockheed
Meron
Loewce
GuitOil
Pandon
Witstu
Wwe
Pennzoil
MMR Eee
SteiiOrg
MorisCp
Macmill
Izec
Indice- Horteck
Sunshom
Cincinnati
k-Insti- Hersne
Joliet Livestock
Amex
Standard & Poor's Index
Standard
C.R
Iowa
Hogs
U.S. West North Central
Lowa Farm
Oes Moines
Undertone
Rhoades Inc
Eavity
Ins. Fund
Archer Daniels
Svesersesese
Banks of Iowa
Beatrice Foods
Brenton Banks, Inc
Eorenreenenseerts Foods
Hawkeye BanCorp
Interstate Power
Towa Electric
Fowe
Ill
Joan Deere Keuffel & Esser
A Life Investors, Inc
Ve L
Mid-America
Miracle
O's Gold
Ozark
Rockwell
Syntex
United Fire & Casualty
United Guaranty
Universe Foods
Univer
Winnebago
C.R. Markets
Cedar Rapids Grain
USDA
Chicago Cash Grain
Engiehard
Shearson Loeb Rhoades Inc
JemMgryon Ase
Deborah Rank
New York Times
Leon M. Nad
Price Waterhouse & Co
Journal In
Auto Outlook
General Motors
Diamond International
Cavenham Development
Cavenham
Husky Oil
Houston Oil & Minerals
McCulloch Oil
Midwest
Clear Channel
Boston
Cedar Rapids Gold & Silver Exchange
Coventry Gardens
1St Avenue
S.E