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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 19, 1990
Page
19
Three month Treasury bills sold for 8.6 billion at a 7.74 percent average discount, up from 7.73 percent, while six month bills also at 8.64 percent for 8.6 billion and unchanged. The discount rates understate returns at 8.0 and 8.06 percent respectively.
The Chicago and North Western Transportation Co. won the 15th Dow Chemical Rail Safety Achievement Award for superior handling of Dow products last year. A Century 21 Real Estate Corp. survey identifies the top 10 U.S. relocation markets and notes 550,000 relocations in 1989 costing $18 billion. average $37,000 per move. Bell Atlantic and US West were chosen by the Czech authority to build a cellular system, owning 49 percent of the joint venture.
Bruce Fishwild reports US West Communications implements July 1 rate changes including removal of Touch-Tone monthly charge, lower Cedar Rapids and Iowa City residential rates, and a new overdue bill charge. The plan also raises directory assistance to 45 cents and adds a two-cent per minute long distance increase within LATAs.
The Dow Jones average fell 53.71 to 2,882.18 amid broad selling and weaker earnings outlooks. Decliners outpaced gainers 7 to 2 with 353 up, 1,230 down, and 428 unchanged on the NYSE. volume was 133.47 million shares. Eastern Iowa group losses included Procter & Gamble 2% and others like Square D United Technologies General Mills Kodak Moore Corp Wal-Mart Gillette and Equitable of Iowa.
The American Stock Exchange, Chicago Board Options Exchange and Cincinnati Stock Exchange announced a plan for a computerized night trading market in stocks and stock options to operate 6 p.m. to 6 a.m. Eastern. Details remain to be finalized as the system could launch in two to three years with Reuters Hldgs supplying the networking.
Cedar Rapids TVL Corp will supply multilingual electronic information kiosks to O'Hare International Airport. The contract covers two units for one year with options to add more, all built in Cedar Rapids with local subcontractors. Officials praise the venture as Iowa entrepreneurial success.
The FDA warned that certain Electronic Monitors Inc. monitors may fail to signal an alarm due to a defective time delay switch. The recall covers RE 134B Man A Therm Respi rate for children over four and RE 134C and RE 134D for infants, with 1 583 units distributed to hospitals and home health agencies. a remaining consumer count was not known.
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