Wall Street hits another round of records on Thursday
The Dow closes at 1138.06 a new high up 3.00 while the NYSE index tops the prior record at 88.48. NASDAQ rises to 265.21 as NASD and AMEX indices advance with heavy volume and big block trades. Oil and airline stocks show gains amid optimism on economic data and lower rates.
MENTIONED IN THIS ARTICLE
New York
UPI
William Lefevre
Purcell Graham & Co
New York Stock Exchange
Standard & Poor
National Association of Securities Dealers
Sony
American Airlines
American
Eagle Development plans two Officentres near St Luke's Hospital
Cedar Rapids developer announces a two phase multi million dollar project on 60 000 square feet between First and A Avenues NE adjacent to Eighth Street. Officentre One will renovate 810 First Ave NE and Officentre Two will rise as a three story medical office building facing A Avenue with 40 000 square feet of space.
MENTIONED IN THIS ARTICLE
St. Luke’s Hospital
Eagle Development Co
Cedar Rapids
Eighth Street
First Ave
Fred Timko
Engle
TLS Co
Eagle Center
Ground Transportation Center
First Avenue
Anthony Animal Hospital
A Avenue NE
TLS
Timko
Officentre One
Officentre Two
St. Luke's Hospital
Factory orders rise for second straight month in January
U S manufactured goods orders climbed 2.4 percent in January signaling ongoing recovery. Auto, steel and construction-related orders led gains while durable goods jumped 5.4 percent with motor vehicles and parts up 20 percent and construction-related industries up 14 percent. Inventories fell 1 percent as shipments rose 2.2 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Straszheim
Des Moines Bond Dealers Agree to Nine Month Suspensions
Carleton D. Beh Jr. and Robert Beh, once owners now vice presidents at a firm merged with E F Hutton, will serve separate nine month suspensions as brokers or advisers amid SEC and Iowa probe into anti fraud securities violations tied to 2.4 million Nashua school district bonds. The brothers say they are not guilty and seek to end mounting legal costs.
MENTIONED IN THIS ARTICLE
DES Moines
Carleton D. Beh Jr
Robert Beh
E.F. Hutton & Co
U.S. Securities and Exchange Commission
The
Securities Divi
Sion
Iowa Insurance Department
Carleton Beh
Hutton
Nashua
Iowa
Merchants National names new president and keeps Coquillette as chair
James E. Coquillette will relinquish the president and CEO roles at Merchants National Bank of Cedar Rapids on April 11. Henry Royer, currently executive vice president of First National Bank of Duluth, will succeed him. Coquillette will remain chairman and a board member after a six month search.
MENTIONED IN THIS ARTICLE
James E. Coquillette
Merchants National Bank of Cedar Rapids
Henry Royer
First National Bank of Duluth, Minn
Coquillette
MNB
Coquillete
S.E. Coquillette
James Coquillette
Banks of
Iowa
Royer
First National of
Duluth
Duluth Area
Domestic car makers report February sales up 1.7 percent
The four major automakers posted a 1.7 percent rise in new car sales for Feb 21 28 versus last year, totaling 171,265 versus 144,330. GM up 2.8 percent, Ford down 4.2 percent, Chrysler down 3.7 percent, AMC up 104.3 percent. monthly totals show mixed results and year to date gains.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
Ford
Chrysler
AMC
Storms boost food prices across the nation
California crops worth millions were damaged by a series of storms affecting lettuce celery broccoli strawberries avocados and oranges with shortages likely to push prices up nationwide. Officials note no major growing area escaped damage and wholesale markets report early price increases in fresh vegetables. Ventura County flood losses could raise prices five to twenty five cents per pound per item in the coming week.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
California
Ventura County
W. Earl McPhail
February Retail Sales Rise Across Major Chains
Major retailers posted higher February sales despite severe storms and rain. Sears led with a 4.3 percent rise to 1.27 billion dollars, Kmart up 8.6 percent to 996 million, Woolworth up 1.8 percent to 304.8 million, while J C Penney slipped 1.4 percent to 567 million. Montgomery Ward and Dayton Hudson also reported gains.
MENTIONED IN THIS ARTICLE
New York
Sears, Roebuck and Co
Kmart Corp
F.W. Woolworth Co
J.C. Penney & Co
Sears
Chicago
Troy
Kmart
Penney
Woolworth
Montgomery Ward
Mobil Corp
Dayton Hudson Corp
Also Mentioned on This Page
DOW
Wall Street
Trude Latimer
Evans & Co
Lefevre
Commerce Department
Reagan
Martin Feldstein
Labor Department
Latimer
Exxon
Mobil
Union Oil of
Engle Development
E and S Electrical Contractors Inc
Engle Center
Wiley Boulevard
22Nd Ave
Hewlett Packard
Iowa City
Donald Straszheim
Wharton Econometrics
Philadelphia
Robert Ortner
Commerce
Ortner
Behs
Merchants National
Mia Aint
Tom Underwood
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