Carter boost seen as Dow climbs on inflation fight
Wall Street viewed President Carter as more conservative on economics after his policy moves. Led by Burns praise, traders noted improved sentiment as the Dow Jones average rose 9.84 to 936.74 and the S and P 500 gained to 99.49 despite higher wholesale prices. Volume rose to about 21.21 million shares a day as markets advanced early in the week before a Friday pullback.
MENTIONED IN THIS ARTICLE
New York
Carter
Wall Street
Financial
Wall
Arthur Burns
Federal Reserve Board
Burns
Senate Banking Committee
Federal
Bert Lance
Standard & Poor
New York Stock Exchange
Fed
Williams
New Firm To Make Foam Insulation
Two Cedar Rapids businessmen Robert Long and L C Oberholtzer have formed PolyCell Industries Inc to manufacture polystyrene foam insulation at a 41000 square foot Marion facility at 4601 Eighth Avenue. Production starts July 1 and full capacity will require 70 to 80 employees.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Robert Long
Shasta Drive
L.C. Oberholtzer
Alleghany Drive
Eighth Avenue
Marion
PolyCell Industries, Inc
Hiatt Promoted to VP of Western Sales at Chambers
Jim Hiatt of Des Moines promoted to vice president of sales Western division at Chambers Electrical Sales Inc. He will oversee sales training and development for western Iowa and Nebraska from 212 Windsor Drive NE.
MENTIONED IN THIS ARTICLE
Chambers Electrical Sales, Inc
Windsor Drive
Jim Hiatt
Des Moines
Western
Hiatt
Western Iowa
Nebraska
Farm equipment stocks rally after weak quarter profits
U S farm equipment makers posted lower profits for the first quarter ended Jan 31 with Deere at 67 cents a share and International Harvester at 84 cents Massey Ferguson down to 3 cents due to strikes and plant shutdowns. In four weeks the Merrill Lynch ranking shows the sector improving from 94th to 56th amid steady overall market.
MENTIONED IN THIS ARTICLE
New York
Deere
International Harvester’s
Massey-Ferguson
Mas
sey-Ferguson
Britain
United States
Merrill Lynch
International Harvester
Wall Street
Harvester
Argus Research Corp
Robert A. Williams
Allis-Chalmers
White Motor
Tenneco
Caterpillar Tractor
Caterpillar
FMC Management Reshuffle Signals Major Corporate Overhaul
FMC Corp unveils a nine group structure effective June 1 with Emiel Nielsen Jr. as vice chairman and Raymond Tower as president. Both directors move from executive vice president roles to share operations under chairman Robert H. Malott in a sweeping reorganization aimed at global reach and profit responsibility.
MENTIONED IN THIS ARTICLE
FMC Corp
Robert H. Malott
Emiel T. Nielsen, Jr
Raymond C. Tower
Nielsen
Tower
FMC
Malott
Chemical
Robert N. Burt
Agricultural Chemical
John F. McKeon
Philip S. Devirian
Defense
Peter Perkins
Food Machinery
William A. McMinn
Industrial Chemical
Stocks Scan Wide as Revco and Peers Lead Trading
A sweeping stock list shows Revco and Steroid brands among top movers with varied daily changes. Major banks and consumer goods firms appear in mixed positions as traders track quotes across sectors and regions in a sprawling market snapshot.
Market Review Prices Higher for Cattle Hogs Sheep
Market report shows cattle prices mostly up with steers 0.75 higher on weeks close. Hogs show barrows gilts up about 50 cents, sows steady. Sheep slaughter lambs steady to 1 lower, ewes steady. Includes Iowa corn soybeans and wholesale pork cut values.
MENTIONED IN THIS ARTICLE
Carlot
Midwest
Kansas City
U.S
Iowa
New York
Cash Grain
Iowa National Meeting Sets Theme for Growth Conference
Iowa National Mutual Insurance Co will host a three day top level management conference for home office heads and six branch offices. President John C. Rice will keynote the opening session at 9 a.m. Monday. Hopkins says sessions run through Wednesday with a market analysis of property and casualty products. The annual meeting of members Tuesday morning will hear Rice present underwriting results for 1976 followed by the board meeting.
MENTIONED IN THIS ARTICLE
Iowa National Mutual Insurance Co
John C. Rice
Charles P
Chill) Hopkins
Hopkins
Iowa National
Rice
Jason Speaks At AIB Banquet East Central Iowa Chapter
Jerry J. Jason national vice president of the American Institute of Banking will be the featured speaker at the East Central Iowa chapter annual banquet at the Sheraton Inn after a 7 p.m. dinner. About 350 persons from 22 banks are expected. Jason is personnel officer at Southeast First National Bank of Miami directing hiring and recruitment.
MENTIONED IN THIS ARTICLE
Jerry J. Jason
American Institute of Banking
East Central
Iowa
AIB
Sheraton Inn
Southeast First National Bank of Miami
Fla
Jason
Also Mentioned on This Page
Vartanig
G. Vartan
N. Y. Times News Service
Revere
Revion
Rexham
Rexarder
Reynin
St Pauls
Son
St. Sf
Alai
Psg
Steveni SterDrug
Steveni
Ycor Vetran
Ue i
Tandy Tandya Tappan
Technic Techni Techni
Tektronx
Telecor Teledin
Teledyr
Telorm
Telex Tennco
Tennco Tesoro
Texaco
TexCor TexEst Txet
Tonia TootRo
Tracor
Transco Trani
Roe
Tris
Trintyt
Mele
Peng
Usshoe
US Steel
Ustobc
UnTech
UniTel
Uniti Pt Se
Varovic
Vendor
Venice
WestSe
Ee Vetco
Viacom
Victor C
Vaep
Vornado Wi
WalMart
Walar
Wikra
WallBus
WallMu
Walm Pfl
Walttsim
Waltj Pf
Waltj Pfl
Warnaco
WrnerCo
Warnrl
Uli
Wastem
WnBnc
Wnnoa
Wnrac
WnPubl
Wunior
WnUnt WoaUn Air
Westge
Westg
Westmor Wstvaco
Weybrg
Weyerhr
Wunireannt
Va Whittall
Lief
Sar Fe al Ta
Vriawus
Witco
Yates
The
Associated Press
Screon
Pilus
Anne
Market Review
Interior
USDA
Lowa Department of Agriculture
Ana
Aoe A
Quad Cities
N.C ‘A
Jerry Jason
Postal Thrift
Burlington
North 4Th
Linton
Council Bluffs
22Nd & Broadway
North Main
Davenport
East
Des Moine
Marshall Town
West Man
Newton
Uttumwa
Bast Man
Stoux City
Sou City
Stoum City
Dan
Morningside
Jefferson
Postal Thrift Loans. Inc
Gary Speicher
New England
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