Sharp Stock Decline as Rates Rise Hit Markets
Friday saw the Dow fall 8.50 points to 992.60 amid renewed signs of higher interest rates. Citi bank raised its prime from 6% to 6.5% 4 percent, aligning with upward pressure on rates. NYSE volume totaled 16.80 million, with breadth unfavorable and indices slipping across composites and the NASDAQ.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Citibank
Wall Street
NYSE
American Stock Exchange
Anheuser Busch Strike Ends With Tentative Pact
Washington AP A new three year contract was reached between Anheuser Busch breweries and striking Teamsters pending member ratification and a back to work agreement. Amnesty for workers linked to disruptions will be settled in a future meeting as negotiations continue. Locations on strike include Newark Merrimack Jacksonville Tampa Louisville Williamsburg Houston Los Angeles St. Louis.
MENTIONED IN THIS ARTICLE
Washington
Anheuser- Busch Breweries
Nick Fidandis
Federal Mediation Service
August Busch II
Ray Schoessling
Teamsters Union
Anheuser- Busch
Newark
N.J
Merrimack
N. H
Jacksonville
Tampa
Fla
Louisville, Ky
Williamsburg
Beans Up Corn Mixed Prices on Chicago Board of Trade
Chicago traders report mixed prices on Friday with soybeans and corn advancing while wheat falls. Soybeans lead gains, up as much as eight cents a bushel. wheat down 3 to 4 cents, May at 3.524%. Corn unchanged to 3 higher, May 2.911, oats mixed, May 1.58% to 1. Other prices include No 1 yellow corn at 2.61 and No 1 yellow soybeans at 4.95. Gold and silver quotes also listed.
MENTIONED IN THIS ARTICLE
Lamson Brothers
Ins
Fund
Rein
Archer Daniels Maa Bondag
Banks of
Iowe
Beatrice Foods Deena
Conrac
Consolidated Foods
Harnischteger
Hawkeye Bancorp
Cuss
Lowa Electric
Lowa-Til
John Deereere
Kidde Comm
Keuffel & Esser
Poxall, Inc
Rockwell
Syntex
United Fire & Casualty
United Eee
Victor Corp
NEW York (Ap
New York
Aes Ays
SanFenit
Stock Exchange
Impicpa
Searleg
Sears
Shell Oil
Vntory
Singer Co
Arizona
Smithkline
AlcanAlu
Sassa Sonvcd
SouthCo
Itek Corp. i
Jostens
StOllind
I Stevens
Am Motors
Amt&t
KnigtRid
Tektronx
AMP Inc
Kresnes
ArchDan
Lenpct
Armco
Textron
Thiokol
AtfRich
Liftonin
AtlasCorp
TimeMir
Avco Corp
Loews
Bousch
TwenCen
LykesCp
M—M — Ual Inc
Macy
Bendix Nl
Unocal
BentiCo
MarMid
Boeing
Martia
BoiseCas
Borden
BorWar
M McDond
Brunswk
Untechci
BucyEr
MeadCo Wh
UniTell
BuddCo
Melville
UOP
Bulova
Merck
Upjohn
Bank Ramo
MGM Ir
Utahintia
Burlind
Vetco
Cadence Ind
Wachova
Va Ave
Horner
WodAirl
NatGyp
Chrysler
Citicorp
NevPw
ZoleCorp
ZenithRad
A— Clarke
Associated Press
Civeiin
Niamp
NwstAirl
Norton
NorSim
Curtiswr
Dartind
Dayco
Va PanAm Air Davipl
E Panep
Deere
Pasco
DelMon
Patricp
DeltaAir
Penn Cent Dennys
le PhiliPet
duPont
Pitnevb
Polgroid
Enserch
Esmark
PurexCo
Ethyl
Puritn Fash Evans Prodwaksto
Exxon
Westor Oir
FairCam
RaistonPy
Fairind
Rancom
Fonsteel
Rapid Am Feaders Co Raytheon
Fednmt
Feddst
ReadBot
Filtrot
ReichCh Firestn
RepSti
FstChor
RestvOil
FstinBn
Revion
Flintkot
Reynin
FinPow
ReynMet
Finpwl
FMC
Rohr
Rovyccol
Rovid
Formck
Ryder Sys
Freeom
Sescienss
GAF Cp
Gamsk
Gannett
Ay Senate
Coorn
Giaupac
tWaFin
Los
Io's
Ise Isis
Hercules
Hewlick
Hoernw
Ijielie
Chicago
Chicago Board of Trade
Suspected Aliens Held in Manchester
Federal immigration and Delaware county authorities arrested six suspected Mexican aliens living in Manchester and employed by Hide Service Co. in their 20s and 30s. Some had lived locally for a year and a half. The six are jailed awaiting return to Mexico as investigators weigh local charges.
MENTIONED IN THIS ARTICLE
Manchester
Delaware County
Hide Service Co
Mexico
Investor's retirement plan questions future income goals
A reader questions fixed dollar retirement targets and urges building capital instead. The columnist argues against guaranteed income or appreciation, recommending growth equities and bonds, noting inflation, healthcare costs, taxes, and unclear future expenses. The piece ends inviting questions for Sam Shuisky in The Gazette.
MENTIONED IN THIS ARTICLE
Treasury
Cedar Rapids area notices and events collage
A Cedar Rapids briefing lists community happenings and ads. Chris Evans explains Enterprise Family School methods at Tyler School lounge with a screening of Learning How To Learn. Events include theater trips, concerts, tours, a stamp club meeting, a veterans potluck, charity sales, and a political candidate notice.
MENTIONED IN THIS ARTICLE
Family School
Enterprise Family School
Chris Evans
Tyler School
Enterprise School
Dysart Council Cuts Budget
Dysart city council met in a special session to shave 8700 from the budget after the state comptroller flagged a nine percent increase. The cut targets pool repairs and a May 27 public hearing is set at city hall. A May 20 meeting with Carlton-Beh Co. of Des Moines will discuss water revenue bond procedures.
MENTIONED IN THIS ARTICLE
First Christian Church
Third Avenue SE
Dysart
City Hall
Carlton-Beh Co
Des Moines
Bill to ban on the job eavesdropping clears House
A bill to forbid on the job electronic eavesdropping by employers passed the Iowa House 55 to 35, despite warnings the Senate won’t act this session. Rep. Cusak cited privacy rights amid reports of listening devices in telephone companies. Opponents warned it could hinder quality monitoring. supporters noted school administrators also used devices.
MENTIONED IN THIS ARTICLE
Des Moines
Town House
Senate
Gregory Cusak
Davenport
Cusak
Glenn Brockett
Rmarshalltown
Communications Workers of America
CWA
Brice Oakley
Clinton
Iowa
Iowa Commerce Commission
Tom Higgins
Iowa State Education Assn
Higgins
Also Mentioned on This Page
Hogs
UPI
Midwest
Boston
USDA
Busch Breweries
London
Lamson Brothers Close Prev
Close
Livestock Futures Chicago
Mercantile Exchange
Sessas
the Investor’s Guide
Sam Shulsky
Shuisky
Sam Shuisky
Core of the Gazette
Cedar Rapids
Montrose, Doors
Chinatown
Pat O’brien
the Gin Mill
1St Ave
Ralph's
WWI
Auxiliary
Veterans Memorial Coliseum
Stamp Club
Cedar Rapids Stamp Club
First Trust and Savings Bank
First Avenue NE
Chicago Zoo
Lincoln Park
River Lake
Dorothy McCalley
Bill Eckhart
The
Iowa Water Well Assn
Nashville
Tenn
Tennessee Walking Horse
Grand Ole Opry
Jack Daniels
Dorothy McCalley Tours
Adv
Larry Kelchen
Linn County
8Th St
Health Hut
Six Flags
St. Louis Zoo
D.J
Arkansas
Edgewood Rd
Hwy. 218
4Th St. NW
Silver Dollar City
Blood Bank
American Assn. of Blood Banks
Mercy Hospital Blood Bank
Bicycle Assn
Hawkeye Bicycle Assn
Bever Park
Shellsburg
Leonard Reyman
Merle Norman Cosmetic Studio
Lindale Plaza
Kresge's
Baker's
Duchess Cleaners
Pierson
Ellis Blvd
Dysart Council
Senior Citizens Bus Service
Ry AM
Omaha
Nebraska
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