Stocks Fall Back Amid Money and Rate Worries
New York markets slid as money supply concerns and interest rate fears pressured prices. The Dow dropped 6.52 to 990.76. S&P 500 fell 0.74 to 176. . The NYSE volume eased to 18.79 million shares, with Rockwell International slipping near two points and Xerox retreating after a big climb. Nasdaq fell 0.14 to 89.35 amid mixed trading across exchanges.
MENTIONED IN THIS ARTICLE
NEW York
Attcks
Rockwell International
Waln
Senate
Xerox
Rlne
Standard & Poor
American Exchange
Dividend Declarations From United Fire and United Life
The United Fire board plans a dividend of 2.74 per share on common stock to holders of record June 15, with total dividends to date at 0.56 per share, compared with 0.60 the prior year. United Life Insurance Co declares a semi annual dividend of 0.10 per share payable June 15 to holders of record June 1. Iowa livestock roundups note mixed bids and steady to weak demand with receipts listed for Friday and Thursday, followed by Midwest market summaries and Chicago and Des Moines price trails for hogs and beef.
MENTIONED IN THIS ARTICLE
Liitad Fire and Casualty Co
Donios
Boat
Jamies T. Hide Phy
Chicago
Rowedd
Courson
Bellund
Bale Kammie
West Union
Theodore Trindt
Lincoln
Neb
Roy Ewen
Scott McIntyre, Jr
Gerald Sed
Charles Lynch
Cedar Rapids
Board of
United Life Insurance Co
Iowa
Des Moines
UPI
Midwest
Botton Bol
Feende
Seepiese Uelhey
Fuaner
Ioner
Cineago
Beans Corn Post Gains Amid Mixed Board of Trade
In Chicago trading, oats and soybeans showed gains while wheat held steady or slipped slightly. Corn rose to mid 60s, soybeans advanced about 1.44, amid strong demand from Eastern Europe and upbeat harvest signals. Livestock futures were reported alongside mixed outside prices.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Pope May Excommunicate Catholics Running as Communists
Vatican City AP reports Pope Paul VI warned communism remains unchanged despite Italian Communist efforts. He endorsed bishops threatening excommunication for Catholics running on the Communist ticket, amid broader Vatican concerns over a national vote and Rome’s political influence.
MENTIONED IN THIS ARTICLE
Paul
Vatican City
Paul VC
Anid A
Contmultist
Bishops’ Conference
Antonin Cardinal Poma
Bologna
Pius XII
Italian Communist Party
West
Christian Democrats
Italy
Tole
NATO
Mediterranea
U.S
Aggressive investing under 40 faces high risk
Readers are urged to avoid chasing rapid capital gains via options and risky stocks. The column favors income from high quality bonds and dividends, warns that aggressive moves can backfire, and suggests steady growth stock acquisitions and qualified guidance on pension plans.
MENTIONED IN THIS ARTICLE
Hohds
Jnr
Alec
Mecolar
BNL
Devamber
SEC
Nis
Jasu
Pound Drops to Historic Low Against Dollar in BOE Move
The pound closed at about 1.718 dollars after the Bank of England raised the minimum lending rate to 10.5 percent in a bid to narrow gaps with U.S. rates. Gold prices rose in London and Zurich as the dollar weakened against other currencies, while traders cited strong U.S. dollar expectations as a key factor.
MENTIONED IN THIS ARTICLE
London
U.S
Bank of England
Lons
Zurich
Europe
Zerich Ik
Ter Senk
England
Futures Fund Stock Split Set for May Thirty-First
Futures Fund Inc shareholders approve a two for one stock split effective May 31. Directors elected at the annual meeting include Donald Butiene Robert Miljene W David Frevect Frank Lock Buisld Reiman Earl Keele and Kenneth Rigohi. Officers are Robert Bullene president Reiman vice president and Rigoni secretary treasurer. Stock trades inactively on the Iowa over the counter market with a recent quote of 5 bid 6 asked.
MENTIONED IN THIS ARTICLE
Futures Fund, Inc
Cudar Rapids Commodity Investment Firm
Sominon
Donald Butiene
Robert Miljene
W. David Frevect
Frank Lock
Buisld Reiman
Earl Keele
Kenneth Rigohi
Robert Bullene
Reiman
Rigoni
Presaurer
Damages Sought In Benton Crash
Essie Johnson files in Benton County district court seeking 45 010 in recovery from Arlo Becker alleging negligent cattle handling led to a car crash on December 8 1975 three miles southeast of Aiking on highway 20. She seeks 35 000 for personal and permanent injuries plus medical costs and 10 600 exemplary damages.
MENTIONED IN THIS ARTICLE
Benton Countly
Essie Johnson
Arlo Becker
Alvas
Johnson
Becker
Tun Joose
Dex
Aiking
Postville Bicentennial Auction Aids Museum Fund
Postville celebrates its bicentennial with events June 11 and 12 including a dairy parade banquet flea market and cake sale. A charity auction features packages from celebrities and dignitaries such as Bob Hope Dick Clark John Culver and Lee Trevino to support the museum fund.
MENTIONED IN THIS ARTICLE
Postville
Lloyd Smith
Quest
Packer
Boby Ford
Bob Hope
Dick Clark
John Culver
Eddie Arnold
Mike Hlouin
Lee Trevino
George Matida
Ella Fiteger
Sheriff Candidates Seek Linn County Sheriff Nomination
An election event in Linn County aims to nominate a new sheriff as candidates debate in a public gathering at Teamature in Cedar Rapids area. The rally, sponsored by Support Your Local Pale, features statements and questions from hopefuls and community members.
MENTIONED IN THIS ARTICLE
Hone Parsons
Limi County
Linn County
Support Your Local Pale Committee
Liberal Trade Policy To Continue Promise By Armstrong
Ambassador Anne Armstrong assured American and British business leaders in London that the United States will maintain liberal trading policies. She said there is no intention to wall themselves in or out and that the administration will keep a free market system based on comparative advantage.
MENTIONED IN THIS ARTICLE
Armstrong London
UPC
Anne Armstrong
United States
American Chamber of Commerce
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Cudue Rapids
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Bedi
Afc
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Adv
Pierson's Florists
Riis Blvd
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16Th Ave
Calonial Beauty Salon
Mt. Vernon Rd
Wee
Overeaters Ounymovas
Westminster
Freshyteriac Church
Third Avenue
Thee Moose
Mayland
Bernice Boddicker
Hoever School
Elper McClarg
Liem County
Pus. Ady
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