Market Outlook Questioned as Stocks Decline in Slow May
Washington columnist J A Livingston analyzes why stocks drift lower despite improving indicators. He cites inflation, bond yields, earnings growth, and momentum shifts in pensions and mutual funds while noting the Dow remains a uncertain gauge of value.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Jimmy Carter
White House
Dow Industrial Average Struggles to Break Triple Mark
The Dow fails to sustain a rise above 1,000 after seven attempts amid inflation and global tensions. Carter’s energy plan and clocking world deficits weigh on investors as Presidents meet, leaving the index unable to break through Wall Street’s summit.
MENTIONED IN THIS ARTICLE
Dow
U.S
Vietnam
Nixon
Carter
Congress
Dow Industrials
Wall Street
Bonds Won't Build Inflation Hedge Says Columnist
The Q and A column discusses bonds versus common stocks as inflation hedges. Bonds offer fixed income but may underperform while common stocks can rise in value but are not guaranteed. The exchange explains yield to maturity, current yield, and price moves, with sample AT&T bonds illustrating how price changes affect overall return. Sam Shulsky invites readers to send questions for future columns.
MENTIONED IN THIS ARTICLE
Sam
Treasury
At&t
Bank Names New Officer Dwayne S Smith
Des Moines native Dwayne S Smith named executive vice president of United State Bank effective Monday. Formerly a correspondent banking officer at Iowa-Des Moines National Bank, he is a Drake University alumnus and active Greater Des Moines Chamber of Commerce member. He and his wife have three daughters.
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Dwayne S. Smith
United State Bank
Iowa-Des Moines National Bank
Des Moines
Drake University
Greater Des Moines
Cedar Rapids Bank Clearings Up From Week Before
Cedar Rapids clearing house reported Friday that bank clearings for the week totaled 20,268,954 dollars, up from 15,091,055 dollars the prior week. Figures for the same week last year ended May 7 at 20,744,549 dollars.
MENTIONED IN THIS ARTICLE
Cedar Rapids Clearing House
Kwik-Way Announces Board Picks and Officers
Kwik-Way Industries Inc stockholders named Thomas B. Gavin William O Gray F Cruz Hahn and Thomas A Parks all of Cedar Rapids Jane Hahn Naples Fla Norman Sundholm Rock Island Daniel E Virnich Chicago and Robert R Vinson Freeport Ill to the board of directors at the annual meeting. At the follow up directors meeting officers elected Thomas A Parks president and CEO Hans Dieter Ochs senior vice president Thomas B Gavin corporate secretary Walter J Egner treasurer and William O Gray vice president.
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Kwik-Way Industries, Inc
Thomas B. Gavin
William O. Gray
F. Cruz Hahn
Thomas A. Parks
Cedar Rapids
Jane Hahn
Naples
Fla
Norman Sundholm
Rock Island
Daniel E. Virnich
Chicago
Robert R. Vinson
Freeport
Ill
Kwik-Way Industries
Kwik-Way Manufacturing Co
Marion
Cedar Rapids Engineering Co
Line-O-Tronics, Inc
Kwik-Way of
Canada
Ontario
Hans Dieter Ochs
Walter J. Egner
Kingsberry Homes Expands Plant in Sigourney
Kingsberry Homes a Boise Cascade unit begins a 360000 expansion at its Sigourney facility. Plant manager Myron Burns says the current warehouse will become a production area after a new warehouse is finished, enabling two shifts year round. Expansion may include sectional homes production in the future.
MENTIONED IN THIS ARTICLE
Sigourney
Kingsberry Homes
Boise Cascade
Myron Burns
Burns
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