Citibank Raises Prime Rate as Money-Supply Controversy Grows
Citibank of New York boosted its prime rate to 15 percent and was soon joined by Morgan Guaranty, Chemical Bank, Bankers Trust, Continental Illinois and others amid a rising money supply controversy. The Fed flagged corrections to October figures after a $3.7 billion error at Manufacturers Hanover, triggering scrutiny and an outside legal investigation into the data process.
MENTIONED IN THIS ARTICLE
New York
UPI
Citibank
Federal Reserve Board
Morgan Guaranty Trust Co
Chemical Bank
Bankers Trust
Continental Illinois of Chicago
Fed
Hanover Trust Co
Hanover
Radio Station Sale Tied to FCC Approval in Iowa Deal
C R radio station KLWW AM in Cedar Rapids is slated to be sold to Cowles Communication of Ames. The deal hinges on FCC approval, with no purchase price disclosed and a handshake agreement cited by Harry Slife of Black Hawk Broadcasting. Don Weir expects minimal staff changes.
MENTIONED IN THIS ARTICLE
Cedar Rapids
KLWW
Cowles Communication of
Ames
Harry Slife
Blackhawk Broadcasting
Federal Communications Commission
Slife
Don Weir
Blackhawk
American Family Corp
Georgia
KFMW
Waterloo
Kaal-Tv
Austin
Minn
Kcdc-Am
Des Moines
Reinis Campaign Ad Fees Paid in Advance
The Gazette records show Stan Reinis campaign ads paid in advance by Reinis. Committee chair Richard D. Holden says the bill was settled before publication. the disclosure did not note payment. Reimbursement will occur once more funds are raised.
MENTIONED IN THIS ARTICLE
Stan Reinis
Reinis
Richard D. Holden
Holden
Wyckoff man charged with public intoxication and assault
Kenneth J. Oliver, 31, of Wyckoff New Jersey, was arrested at 1 a m after allegedly striking a Cedar Rapids security officer at the Stouffer's Hotel bar. He faced charges of public intoxication and assault filed by the county attorney this morning and was held in Linn County Jail.
MENTIONED IN THIS ARTICLE
Kenneth J. Oliver
Wyckoff
N.J
Cedar Rapids
Stouffer’s
Oliver
Linn
Johnson Gas strike begins amid stalled UAW talks
United Auto Workers Local 1349 members at Johnson Gas Appliance Co struck 36 of 55 employees after a one year contract expired at midnight. Production halted as negotiators remain apart on pay and other issues with no new talks scheduled.
MENTIONED IN THIS ARTICLE
United Auto Workers
Johnson Gas Appliance Co
Teamsters Union
Iowa Steel and Iron Works
UAW
Johnson Gas
E Ave
Iowa Steel Foundry
Acquitted in Cedar Rapids assault case
Kenneth R. McDaniel, 51, was acquitted by a Linn District Court jury of sexual assault and robbery charges tied to a June 3 Cedar River campsite incident. The defense showed five witnesses placing him elsewhere that weekend while two teens aged 14 and 15 identified him as their attacker.
MENTIONED IN THIS ARTICLE
Kenneth R. McDaniel
Cedar River
Cedar Rapids
Linn
McDaniel
John Hyland
Margery Severn
Joseph L. Richardson
Lorraine Roe
Bankers and Realtors urge end to Iowa usury law
Iowa bankers savings and loan leaders and the Realtors association urged a legislative repeal or reform of the Iowa usury law. They say the ceiling limits mortgage and loan availability, hindering home financing as rates rise. They cite 11.25 percent current cap and higher costs for funds.
MENTIONED IN THIS ARTICLE
Iowa
John McCarroll
Des Moines
Iowa Bankers Association
Iowa Savings and Loan League
Iowa Association of Realtors
Iowa Department of Banking
Savings and Loan Associations
Federal Home Loan Bank System
Dennis Montgomery
Savings and Loan League
Iown
Montgomery
Savings and Loan
Lester Calvert
Realtors’ Association
Calvert
Ned Chiodo
D-Des Moines
Neil Milner
Milner
Bankers’ Association
Association
Federal Reserve
Chiodo
Fire disrupts Linn-Mar High as students evacuated
A fire in a basement laundry room at Linn-Mar High School prompted evacuation of students shortly after 1 p.m. Friday. Marion Asst. Fire Chief Tom Busenbark said the flames were confined to a dryer and smoke filled the laundry area. No one was hurt and students returned inside after about ten minutes in the rain.
MENTIONED IN THIS ARTICLE
Linn-Mar High School
Marion Asst
Tom Busenbark
American Motors reports record sales and profits for 1979
American Motors Corp. reports fiscal 1979 sales of 3.1 billion and earnings of 83.9 million, boosted by 15.8 million in tax credits. Operating earnings rose to 68.1 million before credits, with a per share of 2.24, a 1978 to 1979 rise, helped by Jeep and the Eagle model. The quarter shows 831 million in net sales, a 22 percent gain.
MENTIONED IN THIS ARTICLE
Southfield, Mich
AMC
American Motors
Gerald C. Meyers
Jeep
Renault
Meyers
Cullen Davis acquitted again in murder plot case
A jury in Fort Worth cleared Cullen Davis of soliciting the murder of his divorce judge. The 11 jurors deliberated 16 4% hours over three days, after two mistrials and earlier deadlock on a prior trial. Prosecutors had argued Davis plotted death and conspiracy with FBI foiling the scheme.
MENTIONED IN THIS ARTICLE
Fort Worth
Davis
FBI
Waverly Man Dies in Head-on Crash Near Cedar Falls
A Waverly man identified as 20 year old David Lee Briner died from injuries after a head-on collision with a semitrailer on U.S. Highway 20 about one mile west of Cedar Falls. He died at a Cedar Falls hospital.
MENTIONED IN THIS ARTICLE
U.S. Highway 20
Cedar Falls
David Lee Briner
Also Mentioned on This Page
Washington
Alan B. Levenson
Fulbright & Jaworski
Federal Reserve Bank of New York
C.R
Ames Firm
Dale Cowles
Cowles Communication
Stiles
Cowles Communications
Kasi-Am
Kccq-Fm
Kqcr-Fm
St. Joseph, Mo
Milner and Montgomery
Linn-Mar
Cullen Davis
Waverly Man
S College Community Schools
College Community District
Glenn E. Seizer
Schoolhouse Fund
Food Service Fund
Inter Fund
Palmer Compan Sbs Rag
Pocgol Pervice
Ine
Mike Hatcher
Sherry Houschil
Acorn Igetromes
Ay Hawkeye Fire and Safety Coles Company Agdressograph Multiorashetersevcompany
AM Internati Yy
Howkeye Adv Tureland Tan
Howkeye Wholesale Grocery Co
Aidssociati For
Rt Airroducts Chemicals Inc
American Tract Society
Darty HP Pe
C Rowceat Company
Wit
Unner Music Company
Andersons Towing & Crane Service
Orry Anderson
Holiday Inn
Bernard Hol
Bes Moines Tonswer Iowa, Inc
William Pone
Aroos Communications
Richard Hols
Howard Johnson
Motor Lodge
Bob Howard Johnson
Arwell Loaterdclentific Company
Towa Dept of Job
Rve
McA Uchwait Lowa Electric i Font
Power “Co
U of Labor
Towa Fwe
Lowo Football Des Assn Ud
Lowa Geologica Owe Ener Ane Rveyompany
Burge
Lowa En Sos & Electric
Les
Stor Rapids
Edor Rapids Citer
Rks Wepper Ort Trout Inc
Edor Rapidsublisher
Edor Apids
Inde Tomas Watch
Edor Rapids Sheet Metal Co
Enniter Jorties Rapids Welding
Jim Enter
Genus Book Publishers
Jenni
Kendram Jennings Entra
Fentilic Co
Ack Cristens
Sle Dixie M Kel
Neering
Peneeey Ign School
Ressi
Nental Ress Inc
Kimbo Educational Ooks Transfer
Lulubee King We Community College
Ee Flier
Micepply
Wiliam Re Publisher's Inc
Ial Ouiv Police
If Rilo, Fe
Stavies Ameony
Apply Co. Res Stes Ele Civicervices
Jeseoh Ketron
Mary Krum
Kubias Hor
Uy Urr
Kubhov
Urriculum Advisory Service
Tchera Construction
Urriculum Pemerarions Inc
Urtis Noll
Knythings Commpaniy
Peste
Retoiner’ Ordi Inc
Wee Oes
E Co
Eogh
Lorning Pub
Erry
Ric
Bechord Vel Conier” Velopes Nesister
Learning
Rinding Service Land
Lynch
Seeman Central
Mike Marak
Ly Communi
Neor
Nerg Ye Oser
Britt
Marion Rushita & Supply Engineering
Seaciotes
Aviron
Oeneane Qui Fetite Assurance
Marin Rothers Envisimieni
Mon
Martin Rie
Cemn Ee Ic
Eee
McCall Pa’ Ee
Ste New Hill Book Company Arm Seal
Ins Bank i
Ngs Bank
Fear Fishers Inc
Melvin
Mary Bere
Floyd GS “Arts Surgical
Ef Ny
Vie Rank Corowaittlers Inc
Frank Reetinent Petributors
Frank Apply Corprank
Seesevees Ae
Franklin Literance Co
Wanerees Ing Company
Equipe Co
Draing Co
Brant
Urie m m Press Inc
Anne Nena
Eesensases Es Vanes
Saneerseenes
Nenserenanenens
Esasteees
Pete Avenasee
Yoos
Agenc
Eenensenennseee
Sion Ic Li
Eley Janes
Iin Ip
Ath Enveenenens
Stevens
Aenenenes
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