Oil led market to three month high on hopes of budget action
Stocks rose to a three month peak as investors bet on a new federal budget plan to reduce the 1983 deficit and end the oil glut. The Dow climbed to 869.20 as Blue chips and oil majors posted gains, with volume strong on both the NYSE and Amex. Nasdaq edged higher with advances outnumbering declines in a broadly positive session.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
Wall Street
White House
Business Council
Hot Springs
Federal Reserve
Federal Funds
Fed
NYSE
U.S
National Association of Securities Dealers
Money supply dips but not a major washout yet
UPI reports M1 fell by $4.9 billion in the latest week signaling softer money growth but not a true liquidity crisis. Banks’ net borrowed reserves slipped to just over $600 million, suggesting Fed pressure on rates remains technical rather than policy-driven.
MENTIONED IN THIS ARTICLE
New York
UPI
Sullivan
Miss Brannon
Fed
Treasury
Ad Federation honors Richard Mayes as Ad Person of the Year
Richard F. Mayes senior vice president of CMF I Public Relations Division Creswell Mun sell Fultz Zirbel Inc was named Ad Person of the Year by the Advertising Federation of Cedar Rapids at its 1982 banquet held at the Highlander Supper Club in Iowa City. Mayes led CMF I to 47th place among U S public relations firms and has served as a federation leader since joining CMF I in 1977.
MENTIONED IN THIS ARTICLE
Richard F. Mayes
Creswell, Munsell, Fultz & Zirbel Inc
Advertising Federation of Cedar Rapids
Highlander Supper Club
Iowa City
Mitchell & Benson Photography Inc
Cedar Rapids
Cmf&z
Waterloo
Cooper, Jenner, Stafford & Associates
Kathy Battin
Direct Mailing and Printing Co
Mayes
Advertising Federation
Cmf&i
The
Jack Graham
Advertising Age Magazine
Crain Communications Inc
Chicago
Jim Hansen
Gazette officers and directors renamed at annual meeting
The Gazette Co. re elected officers and directors at its annual stockholders meeting Friday. Officers include Joseph Hladky Jr. as chairman and CEO, Joe Hladky III as president, John L. Donnelly as executive VP and treasurer, and Elizabeth T. Barry as secretary. Directors are Richard F. Kennedy of Waukegan III, James Coquillette, William C. Crawford, Elizabeth T. Barry, J.F. Hladky Jr., J.F. Hladky III, and John Donnelly, all of Cedar Rapids.
MENTIONED IN THIS ARTICLE
The
Gazette Co
Joseph Hladky Jr
Joe Hladky III
John L. Donnelly
Elizabeth T. Barry
Richard F. Kennedy
Waukegan, III
James Coquillette
William C. Crawford
J.F. Hladky Jr
J.F. Hladky III
John Donnelly
Cedar Rapids
Tobacco and beer ride out tough economy on strong demand
In the first quarter tobacco and beverage firms showed resilience as cigarette leaders Philip Morris and R J Reynolds posted higher sales and profits while Anheuser-Busch Pepsico and Coca Cola also reported gains. Analysts cited steady demand for smoking and drinking despite recession fears.
MENTIONED IN THIS ARTICLE
Robert Burns
New York
America
Philip Morris Inc
Miller Brewing Co
United States
Philip Morris
Seven-Up Co
R.J. Reynolds Industries Inc
U.S. Tobacco Co
Anheuser-Busch Cos. Inc
Pepsico Inc
Pepsi
Coca-Cola Co
John S. Pickler
Wheat
First Securities
Minor maintenance saves car dollars
The Automotive Information Council urges motorists to perform simple checks during self service. A station operator found many cars low on oil, coolant, tire pressure, and other fluids among 100 self serviced vehicles. Regular monthly checks on fluids and tires can prevent costly repairs.
MENTIONED IN THIS ARTICLE
Automotive Information Council
AIC
Unanimous vote sets lawnmower safety rules to take effect
The UPI report notes the Consumer Product Safety Commission approved enforceable lawnmower safety standards on a 5-0 vote, effective June 30. The rules aim to reduce annual injuries, with 77 000 people affected, and include blade brakes and guards. Toro opposed delaying enforcement. Manufacturers like MTD Products and John Deere support timely implementation.
MENTIONED IN THIS ARTICLE
Washington
UPI
Consumer Product Safety Commission
Toro Co
Toro
Commission
Nancy Harvey Stearts
Safety Commission
MTD Products
Cleveland
John Deere
Horicon
Wis
The
Iowa Manufacturing shifts to four day week with May shutdown
Iowa Manufacturing will partially close its 16th Street NE plant for one week in May and run a four day week for now. About 400 employees affected with a 190 minimum staff, due to slackening North American orders. Foundry and Eugene plant curtailments noted, with possible further June and July shutdowns. May shutdown definite, schedule runs Tuesday to Friday with Mondays unpaid.
MENTIONED IN THIS ARTICLE
Iowa Manufacturing Co
16Th Street NE
North America
12Th Avenue SE
Eugene, Ore
Iowa
Interstate Power withdraws from Carroll County nuclear project
Interstate Power Co of Dubuque says it will pull out of the Carroll County Illinois nuclear plant project. IPC held a 10 percent share but delays to 1999 and rising future loads push alternative plans such as buying power, adding peak generators, or joining a coal plant in Louisa County Iowa.
MENTIONED IN THIS ARTICLE
Dubuque
Interstate Power Co. of
Carroll County
Ill
IPC
D.H. Buswell
Buswell
Louisa County
Iowa
Nixon Ordered Mining of North Vietnamese Ports
Ten years ago President Nixon ordered naval mining of North Vietnamese ports to disrupt enemy supply lines. The decision aimed to cripple maritime traffic and pressure Hanoi during the war.
MENTIONED IN THIS ARTICLE
Nixon
Also Mentioned on This Page
Texaco
DJIA
Standard Oil of California
Exxon
Mobil Oil
Conoco
Marathon Oil
Helmrich & Payne
Oklahoma
Anadarko
Dome Petroleum
Ranger Oil
Gulf Oil of Canada
William V. Sullivan
Bank of New York
Patricia Brannon
Harris Bank
Honeywell
Test Instrument Division
Denver
C.R. Ad Federation
Stamats Communications
Fanning Advertising Agency
Davenport
Eagle Discount Supermarkets
Milan
Kgan-Tv
Dowie Outdoor Advertising
BHN
Penguin Studio
Des Moines
KRNA
Mitchell & Benson
Gloria Aleff & Associates
Waverly
University of Iowa
Who-Tv
La Combe/Kucera & Associates
Gary Port Art Studio
Lisbon
Timmerman
Richard Mayes
People
Iowa Manufacturing
Interstate Power
Welease
Dave
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