Stocks snap seven day losing streak on inflation dip
UPI reports Wall Street ended a seven session skid with modest gains driven by cooler inflation data but investors remained cautious over rates and the economy. The Dow added 3.42 to 835.90 for a weekly loss of 21.88 while the NYSE index rose 0.17 to 66.26 and the S&P 500 gained 0.30 to 114.89. Trading stayed slow as volume slipped and short interest jumped 9.5 percent to a record 103,596,36 shares.
MENTIONED IN THIS ARTICLE
New York
UPI
Falkland Islands
Standard & Poor
Dome Petroleum blocks trade at NYSE on big volume
A 1,459,300 share Dome Petroleum block traded on the American Stock Exchange Friday at 5.125 a share, the third largest block on the exchange. International Harvester rebounded in active trading after a quarterly loss, while Dome led the list of active issues with a 6 percent rise on heavy turnover.
MENTIONED IN THIS ARTICLE
New York
UPI
Dome Petroleum
American Stock Exchange
Brascan Limited
Dome
International Harvester
Teledyne
International
U.S
Rainy days encourage Iowa inventory checks
The Cooperative Extension Service of Iowa State University advises using rainy afternoons to inventory possessions for insurance purposes. Process includes listing each room item with purchase date and price, keeping records in a fireproof box, taking photos, and getting appraisals for valuables. Update the record as items change.
MENTIONED IN THIS ARTICLE
Iowa
Cooperative Extension Service
Iowa State University
Extension Service
Money Mechanics
The
Chamber officials plan European visit and trade talks
Cedar Rapids Marion Area Chamber of Commerce president Robert Kazimour will leave Wednesday for a three week trip to meet European industrial leaders about trade. He will join the Iowa Industrial Development Trade Mission in France for a four day session May 31 through June 4, with 15 Iowans and Gov. Robert Ray slated to keynote. Kazimour and Kwik Way Manufacturing’s Tom Parks will also visit London en route to Nice Venice Vienna Salzburg Innsbruck Luzern and Leichtenstein. The trip aims to promote Eastern Iowa trade and expansion plans, while Kazimour notes Leichtenstein has significant new industry.
MENTIONED IN THIS ARTICLE
Robert Kazimour
Cedar Rapids-Marion Area
Cedar Rapids
Kazimour
Iowa
Robert Ray
Parks
London
France
Chamber
Nice
Venice
Vienna
Salzburg
Innsbruck
Luzerne
Leichtenstein
Europe
Office layoff extended at C R plant
A partial layoff of the Cedar Rapids Iowa Manufacturing Co office force was extended indefinitely. Office staff still working will continue, while off workers return next Tuesday for a four day week. Plant workers remain on reduced hours due to slackening orders in North America.
MENTIONED IN THIS ARTICLE
Iowa Manufacturing Co
Cedar Rapids
Machinists Union Local 831
North America
Iowa Manufacturing
Ozark president touts gains amid industry woes
Ozark Air Lines President Edward J. Crane said expanded routes and avoiding costly aircraft purchases have strengthened the carrier. He cited a 1981 profit, a 1982 quarter loss, hopes for a later-year profit, and goals of a 10 percent traffic rise and $400 million revenue. The fleet centers on 35 DC-9 jets with no orders, as Ozark eyes Texas routes and possible Braniff connections. FAA decisions on new flights could come soon.
MENTIONED IN THIS ARTICLE
ST. Louis
UPI
Ozark Air Lines
Edward J. Crane
Crane
Ozark
PATCO
Midwest
Florida
Texas
Braniff Airways
Kansas City
Des Moines
Minneapolis
Federal Aviation Administration
Money supply up 2.3 billion in latest week
The nation's M1 money supply rose 2.3 billion in the week ended May 12 to 452.5 billion as the Fed pumped liquidity into the system following the Drysdale affair. Despite this, policy easing was not indicated and lending remained selective among brokerages and private investors.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Drysdale
Fed
Chase Manhattan Bank
Sun Hill recalls Sun Vac cleaner attachment
Stamford, Conn Sun Hill Industries and the Consumer Product Safety Commission recall the Sun Vac vacuum cleaner attachment due to risk of electric shock if the bucket fills or tips. About 1,000 units were sold from March 1980 to February 1981. refunds offered and returns requested.
MENTIONED IN THIS ARTICLE
Stamford
Conn
Sun Hill Industries
Sun Hill
Consumer Product Safety Commission
Glenbrook
Glenbrook Road
CPSC
Government bond trading unregulated under scrutiny
Mary Tobin reports Chase Manhattan Bank agreed to pay 160 million to cover Drysdale Government Securities debts, a move that spared a potential Wall Street debacle and underscored the largely unregulated nature of government securities trading. The deal may trim Chase second-quarter after-tax profit by about 135 million, with uncertainties about the exact mechanics and Chase's role.
MENTIONED IN THIS ARTICLE
Mary Tobin
NEW York
UPI
Chase Manhattan Bank
Drysdale
Wall Street
Chase
James McDermott
Keefe Bruyette & Woods
McDermott
Chase and Drysdale
Merrill Lynch
Paine Webber
Goldman Sachs
Donaldson
Lufkin & Jenret
Treasury
Securities Chase
Securities and Exchange Commission
SEC
Brentano's Files for Bankruptcy Protection
Brentano's, a New York bookstore chain with roots as a newsstand, sought court protection from creditors as it reorganizes. The firm reported liabilities of 13.3 million dollars and assets of 9.7 million.
MENTIONED IN THIS ARTICLE
Brentano's Files
New York
UPI
Brentano’s
Brentano's
Also Mentioned on This Page
Kaiser Aluminum
American Telephone & Telegraph
Justice Department
Ma Bell
At&t
NLT Corp
American General
NLT
AGC
Xerox
Gulf Oil of
Canada
Wang Laboratories
National Association of Securities Dealers
Todd Carpenter
Tenneco Automotive
Walker
Greenville
Carpenter
Board of
Transportation Bureau
Larry Waller
D.J. Smith
Cedar Rapids Jaycees
Jaycee
C.R. Plant
Tom
Comin
the Mountain
Baroness
Catsup
Tom Underwood
Drysdale Government Securities Inc
Consumer
Fisaco
Dave
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