Markets end mixed as Dow slips after late sell program
The Dow Jones Industrial Average closed at 3,848.15, down 1.44 points after erasing an earlier gain amid heavy volume of 306.1 million shares. Eastern Iowa stocks saw 21 advancers and 15 declines with Penwest dropping 2 points to 21.0. Cedar Rapids housing rebounds in February with 10 single family permits, two above $100,000, while national housing starts recover from winter and quake lows. Iowa Soybean Association delegates vote 52 to 46 to scrap the political action committee and forgo a proposed move away from federal price supports. Sen. Grassley to host Dennis Avery on local cable TV tonight at 6:30.
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AMES
Iowa Soybean Association Convention
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Advertisement for bids Area Re-Roofing South Tama County SD
Bids for Area Re-Roofing South Tama County School District Tama County Iowa are due by 1 00 PM March 31 1994. Bids must be submitted on the attached Bid Form with 5 percent bid bond and delivered in sealed envelopes to the South Tama County School District Tama Iowa 52339. Plans and specs cost 35 00 per set with refunds possible if returned seven days before bid date. The district may reject any or all bids and may delay acceptance up to 30 days.
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Small firm stirs markets with Whitewater rumor
A Washington consulting firm Johnson Smich International circulated a confidential tip sheet that speculated on Deputy White House Counsel Vince Foster’s death. Markets reacted with falls in bonds and stocks as traders questioned the rumor despite White House and police denying it. The firm’s leaders have long Washington ties.
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America West Express ends Cedar Rapids service after 3 months
America West Express will cease Cedar Rapids flights on April 1 after a three month stint. Raleigh Bergeson, president of Superior Airlines, cited lack of profitability and no customer anger as reasons. The carrier offered three daily round trips to Des Moines and Milwaukee with Milwaukee links to the East Coast.
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Iowa City Chamber chief to depart for Indiana job
Bob Quick resigns as executive vice president of the Iowa City Area Chamber of Commerce to become president and CEO of the Metropolitan Evansville Chamber in Evansville Indiana. He will start April 18 after joining the Iowa City chamber in 1989.
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Gazette News Tip Line Instructions
The message directs readers to contact The Gazette News Tip Line with options 398-8254 or 1-800-397-8212 for submitting news tips. It provides phone numbers and emphasizes reporting news happenings to the Gazette.
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Exports of corn to drop due to competition
The Agriculture Department reports 1993 94 U.S. corn exports will fall as stronger Southern Hemisphere supplies, especially South Africa, increase competition. World exports rise 28 percent to 24 million tons with South Africa at 3 million, while U S prices stay up about 30 percent from last year.
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Oopoe Gazette
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