Wholesale inflation inches up 0.1 percent in February
Surging food costs erased energy price declines leaving the PPI at a marginal 0.1 percent gain. A separate Commerce report shows personal income rising only 0.1 percent in February with consumer spending flat, tempering hopes for a rapid economic rebound.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Reagan
Donald Straszheim
Philadelphia
Wharton Econometrics
Commerce Department
Robert Gough
Data Resources Inc
Lexington
Mass
Department
Donald Ratajczak
Georgia State University
Atlanta
Tax tip: combining IRA with marriage deduction noted
The article explains that for marriages where the lower earning spouse makes under 32,000 dollars, IRA contributions reduce the marriage deduction. It gives a case where a 2,000 dollar IRA lowers the deduction by 100 dollars but adds 2,000 to the IRA. Kess suggests maxing IRA if possible, as IRA is a long term investment.
MENTIONED IN THIS ARTICLE
Sidney Kess
Kess
New York Times Service
Perry Oscar Mayer plant to close in Perry this year
The Oscar Mayer plant in Perry will close no earlier than Oct. 21, affecting more than 700 workers and about $21 million a year into the local economy. Union leaders and management discussed options, with no anticipated layoffs before closing and continued operation at present capacity during negotiations.
MENTIONED IN THIS ARTICLE
Perry
Maier
Iowa businessmen push export trading reforms
About 150 Iowa businessmen joined a Cedar Rapids conference on export trading companies intently debating legal aspects and financing. Speakers discussed legislation promoting ETCs to raise U S exports, while Ray Mingay warned of potential trade war risks and the need for prudent policy toward Britain and the EEC.
MENTIONED IN THIS ARTICLE
Gazette
United States
Japan
West Germany
Korea
Etcs
U.S
Iowa
Sheraton Inn
Cedar Rapids
Roger Jepsen
Tom Tauke
Cooper Evans
U.S. Department of Commerce
International Trade Administration
ETC
Barbara Jacob
European Economic Community
EEC
Ray Mingay
Mingay
Britain
Russia
France
Stocks end higher amid dull trading on Friday
Wall Street closed up as the Dow rose 0.77 to 1117.74 while the NYSE composite gained 0.15 to 86.37 and the NASDAQ climbed to 265.01. Volume rose with advancers beating decliners across NYSE and AMEX, as investors awaited clearer news.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow Jones
Dow
Standard & Poor
North Western wins battle for Iowa rail line
U S District Judge Frank J. McGarr preliminarily approves a $93 million bid by Chicago and North Western Transportation Co. for most of the 720 mile Rock Island Line in bankruptcy proceedings. The Soo Line and C N W fought a bidding war with C N W raising its offer from 85.35 million after Soo’s revised 88.5 million bid for the 672 mile section Northfield Minnesota to Kansas City.
MENTIONED IN THIS ARTICLE
North Western
Iowa
Chicago
Rock Island
U.S
Frank J. McGarr
Chicago & North Western Transportation Co
Chicago & North Western Railroad
C&nw
Soo Line
McGarr
The
Soo
Northfield
Minn
Kansas City
U.S. Money Supply Surges Spark Fed Tightening Watch
U.S. M1 money supply rose by 4.8 billion in the latest week, lifting the annual March rate to 14 percent and fueling speculation about possible Fed tightening. Analysts note Wall Street focus on remarks by Chairman Volcker as to rising trend concerns. M1 average reached 497.8 billion for the week ended March 9, with deposits in new money accounts rising to 310.3 billion from 299.4 billion.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Fed
William V. Sullivan Jr
Dean Witter Reynolds, Inc
Paul) Volcker
The
Carter Hawley Hale Net Income and Ownership Notes
Carter Hawley Hale posted fourth quarter figures with Op Rev of 1.062 million and net income of 37,293. The company, owner of Waldenbooks, operates stores at Westdale Mall and downtown Cedar Rapids.
MENTIONED IN THIS ARTICLE
General Nutrition
Lindale
Westdale
Cedar Rapids
Carter Hawley Hale
Waldenbooks
Westdale Mall
Winnebago Reports Second Quarter Op Rev and Net Income
Winnebago, headquartered in Forest City, posts a second quarter operating revenue up 27 percent to 46,287. Net income rises 109 percent to 1,449 with earnings per share of 7 cents on the period.
MENTIONED IN THIS ARTICLE
Archer Daniels Midland
Sony
RCA
Forest City
New Jersey Bank Pan American National Declared Insolvent
The U S comptroller of the currency declared Pan American National Bank of Union City New Jersey insolvent and appointed the FDIC as receiver. Dean DeBuck spokesman for the comptroller confirmed the action.
MENTIONED IN THIS ARTICLE
Washington
U.S. Comptroller of the Currency
New Jersey
Dean DeBuck
Comptroller’s Office
Pan American National Bank of
Union City
N.J
Federal Deposit Insurance Corp
Also Mentioned on This Page
OPEC
HONDA
Ohio
Honda Motor Co
Marysville
Atlantic Ocean
New York Stock Exchange
Chester Padlo
G. Tsai & Co
Los Angeles
Kmart
Sears
Woolworth
J. C. Penney
Imperial Chemical
Dome Petroleum
Wang Laboratories
National Securities Dealers Association
Jurist William Jennings Bryan
New Jersey Bank
Ays
Circle OF Values
Icel Kers
7Th Street SE
Cedar Rapids Park
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