Wall Street fears deepen as markets slump to 23 month low
The Markets section reports a sharp stock selloff on weak liquidity and recession fears after President Carter's anti inflation plan and Fed credit restrictions. Dow Jones falls to 785.15, NYSE index drops to 58.24, S&P 500 at 102.31, volume dips, Nasdaq hits a 1980 low while gold rises past 500.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Carter
Federal Reserve
Fed
Standard & Poor
NYSE
U.S
IBM
Texaco
Baltimore Canyon
New Jersey
Mobil Corp
Newfoundland
Phillips Petroleum
Ekofisk
Norwegian North Sea
Norway
North Sea
Charter Co
Occidental Petroleum
Charter
Allergan
SmithKline
ASA Ltd
Dome
Homestake
McIintyre Mines
American Stock Exchange
Kaiser Industries
Great Basins Petroleum
Bond rally extinguished in taxable market as Treasury plans loom
New York UPI reports a rally in the taxable bond market fading after the Treasury announced its short term financing plans. Two year notes sold at 15.01 percent with a forthcoming four year note auction. Municipal bonds weaken for the tenth straight week amid rising yields and reduced new issue optimism.
MENTIONED IN THIS ARTICLE
New York
UPI
Treasury Department
Salomon Brothers
Treasury
Ket
Salomon
Commodity prices swing as grains fall week to week
Commodities fluctuated with grains sharply lower while metals rise. May wheat and soybean futures fell 13 14 cents, corn down 5 4, oats down 2 44, live cattle and live hogs weaker on bearish pork reports, pork bellies up 0 53. Gold up 34 per ounce, silver up 1 50, copper down 1 5, platinum down 11, coffee up 4 22, cocoa up 5 5, sugar up 2 22, cotton May up 10, orange juice down 1 5.
MENTIONED IN THIS ARTICLE
Chicago
Utilities plan $12.8 million Cedar Rapids projects for 1980
Cedar Rapids utilities anticipate spending more than 12.8 million dollars in 1980 on storm sewer work, water treatment upgrades, and feeder mains. Key projects include Kenwood storm sewer work, near southeast sewers, and a new water plant dewatering system with completion slated for late 1980.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Northwestern Bell
Kenwood
Bailiwick
Jon Janda
Mill
Janda
Sixth Avenue
Tenth Street
Lee Coppock
Loomis Brothers
Tenth Avenue SE
Water Department
Coppock
Carroll Drive
30Th Street Drive
George Milligan
Indian Creek
Milligan
H.E. Gilbert
Iowal Illinois Gas and Electric Co
Gilbert
Iowa Electric Light and Power Co
Iowa
Westdale
Duane Arnold Energy Center
IE Tower
Security
Fairfax
Amana
Guthrie County
Also Mentioned on This Page
Dow
Bruce Fishwild Gazette
Louisa Street
Blairs Ferry Road
G.D. Schaub
Northwestern Bell Telephone Co
Schaub
City Hall Notes
6Th St
Oag Rapids
Grinnell College Computer Services
Grinnell College
Grinnell
Man
Defiance Company
Calumet Avenue
Calumet
Michigan
Landis Travel
Dick Landis
City Carton Co., Inc
Iowa City
Computerland
7Th Ave
Dave Justice
Vyal Justice
Justice
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!