Fourth straight rise for market on steady lower rates
The market posted a fourth consecutive gain led by a late rally on Tuesday amid heavy volume the NYSE saw record first-hour turnover as investors covered shorts and hunted bargains Dow industrial average rose 7.13 to 826.67 while the NYSE index gained 0.44 to 65.30 and S P 500 added 0.78 to 113.55 IBM Archer Daniels Midland and General Mills posted gains with mixed results across blue chips NASDAQ rose 1.12 to 174.95 reflecting broad advance across indices.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
DJIA
Standard & Poor
Treasury cancels sales fee on Treasury bills
The Treasury Department decided not to add a sales charge to Treasury bills notes and bonds for small investors and will not privatize retail sales. The move follows criticism of earlier proposals and aims to keep costs lower for individuals and small banks. Deputy assistant secretary Mark Stalnecker stated small investors can still bid at auctions to broaden distribution.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury Department
Treasury
Federal Reserve Banks
Sears
Honda extends rust warranty for 1975 78 models
Honda extends a three year rust warranty to 1975 78 Accord and Civic owners in 24 salt prone states. About 280 000 letters were sent to inform affected customers of the extended coverage and the policy origins with the FTC last August.
MENTIONED IN THIS ARTICLE
Gardena
Calif
UPI
American Honda Motor Inc
Russ Daly
Honda
Federal Trade Commission
Midwest
Northeast
Daly
Dollar hits two record highs on global currencies
The dollar reached a record peak against the Italian lira and French franc and hit a 74% four month high of 245.65 yen in Tokyo. Gold closed higher across markets, with Zurich and London at 329.50 per ounce and New York futures at 326.40, while the Bank of France intervened to support the franc. Markets were closed Monday.
MENTIONED IN THIS ARTICLE
Tokyo
U.S
New York
Zurich
London
New York Commodity Exchange
Bank of France
Milan
Home Repair Shopping Rules From Cedar Rapids Chamber
Harold Armstrong of the Cedar Rapids Marion Chamber of Commerce urges homeowners to get two to three estimates, obtain contractor references, and insist on a detailed written contract with scope, timeline, price, and payment schedule. He warns against paying in full upfront and favors reputable known firms with clear warranties.
MENTIONED IN THIS ARTICLE
Cedar Rapids-Marion
Armstrong
Franchise clash over Happy Joe's Iowa rights
In Davenport and Bettendorf, 13 Happy Joe's Pizza and Ice Cream Parlor franchisees sue the parent firm in Scott County District Court claiming the company breached franchise terms. They allege poor supervision and service, nonpayment of royalties, and wrongful terminations, seeking declaratory judgment and damages while seeking to end their associations without royalties.
MENTIONED IN THIS ARTICLE
Davenport
Bettendorf
Scott County
Happy Joe's
Happy Joe’s
Li'l Napoleon's Cedar Rapids Closes Doors
The Li'l Napoleon restaurant at 310 Collins Road NE Cedar Rapids permanently closed Sunday night to avoid jeopardizing the Charles City location. The Cedar Rapids site employed 50 to 55 people, mostly full-time, and occupied under a lease.
MENTIONED IN THIS ARTICLE
Collins Road
Cedar Rapids
Bob Kline
Charles City
Kline
Also Mentioned on This Page
Tandycraft
IBM
Archer-Daniels-Midland
Scientific Atlanta
International Telephone & Telegraph
General Mills
American Express
Olympia & York
Dome Petroleum
Pittway Corp
Wang Laboratories
National Association of Securities Dealers
Beryl Sprinkel
Consumer
Dollar Hits
Happy Joe
Chicago
Archie R. Roe
Sears, Roebuck and Co
Edward R. Telling
Boe
Sears Allstate Insurance Group
Donald F. Craib Jr
Telling
Corvallis Gazette-Times
Muscatine
Iowa
Journal
Lloyd Schermer
Lee Enterprises Inc
Corvallis
McAlister
Lee
New York Savings Bank
Dry Dock Savings Bank
Omaha
George L. Mazanec
Northern Liquid Fuels Co
InterNorth Inc
Mazanec
Howard L. Hawks
Northern Plains Natural Gas Co
Lower Manhattan
Battery Park City
James D. Robinson
Inc
2Nd Ave
Securities Corporation of Iowa
U.S. Treasury
FIRST NATIONAL BANK _OF
First National Bank OF Iowa
St. Mary's
Bie
Marion
Marion, Iowa
33Rd Ave
Lowe
Wenn
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