Dow tops 6400 as stocks advance in volatile trade
The Dow Jones Industrial Average climbs to 6430.02 on Wednesday, marking a 10th record close in 11 sessions since Election Day. Trading activity shows rising breadth with 9 advancers for every 7 decliners on the NYSE and mixed moves in industrials including Raytheon, Procter & Gamble and Deere. Meanwhile, Toys R Us reports a 57 percent rise in Q3 earnings to 33 million on 1.9 billion in sales. Tractor and combine sales also show strong October gains from 1995 levels, with year to date totals up for tractors and down for combines.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
U.S
New York Stock Exchange
Iowa
Raytheon
Procter & Gamble
Rockwell
Deere & Co
Heartland
Nintendo
Toys ‘“R” Us
Wiley Boulevard
Equipment Manufacturers Institute
Chicago
Kmart
He Industrial
al Transport
HewlenPan
American Stock Exchange
Voltane
Microsoft
Cisco
Indus New Highs
Transaar
Standard & Poor's Ae
Industorn G Nid
Utilities
Transport
Tuesce Rce
Associated Press
Five year Treasury notes auction shows lower yield
Yields on five year Treasury notes fell in Wednesday's auction to 5.95 percent, the lowest since February. The high yield dropped from 6.325 percent at the prior auction and the notes carry a 5 percent coupon with a $9,968.00 price per $10,000 face value.
MENTIONED IN THIS ARTICLE
Treasury
Iowa Supreme Court allows Cass County hog lot as agricultural use
The Iowa Supreme Court overturned a lower ruling and ruled that a proposed five acre hog lot housing 2000 animals can be considered an agricultural use under state law, exempt from local zoning. the decision cites agriculture as farming and livestock rearing and dismissed added municipal requirements.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Supreme Court
Cass County
Dale Kuehl
Pam Kuehl
Clayton Hollman
Jennifer Hollman
Pennsylvania
Kuehls and Hollmans
Supreme Court
Kuehls
Riverside grain bin fire costs thirty thousand dollars
Larry Marek’s grain drying bin at his Riverside farm burned with three quarters of the corn lost. Firefighters used nine thousand gallons of water to salvage corn and the cause was a dryer malfunction. Marek dries 70,000 to 100,000 bushels annually and has experienced bin fires before.
MENTIONED IN THIS ARTICLE
Marlene Lucas
Larry Marek
Riverside
Marek
Brad Goff
Farm Bureau Division
Iowa City
Iowa City Chamber Honors 1996 Business Award Winners
The Iowa City Area Chamber of Commerce recognized 15 businesses and individuals for 1996 achievements at the Eighth Annual Business Awards Breakfast at the Highlander Inn. Winners include McComas-Lacina Construction Southgate Development West Music Boyd Rummelhart Glasgow North Liberty Plastics Coralville and more with awards across economic development beautification agribusiness and service to the arts.
MENTIONED IN THIS ARTICLE
Iowa City
West Branch Bank Sold to First Financial in Iowa City Deal
First Financial Bancorporation of Iowa City announces agreement to acquire West Branch State Bank founded in 1875. The bank will operate separately at first and later join First National Bank as a branch, expanding access to at least 10 locations across West Branch Iowa City Cedar Rapids Coralville and North Liberty.
MENTIONED IN THIS ARTICLE
George C. Ford
Iowa City Bank
Iowa
First Financial Bancorporation of
Iowa City
West Branch State Bank
First Financial Bancorporation
First National Bank of
Cedar Rapids
First Financial
Chris Kofoed
First National
West Branch
Coralville
North Liberty
Kofoed
First National Bank
Robert Sierk
Sierk
FDA Ends “Low Fat” Labeling For 2 Percent Milk
The FDA orders milk labels updated to show true fat content. Two percent milk must be labeled reduced fat while one percent becomes low fat and skim can be fat free. The move aims to curb consumer misperceptions about fat levels in milk.
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Toys ‘R’ Us
Ma Rey
Supreme Court UK
Cass
Tama and Poweshiek
Mississippi River
James and
Sharon Greif
Prairieburg
Iowa City Chamber
Tion
Dean Moore
Greenfield Energy L.C
Jennifer Novak
Oxford
Emily Greazel
Jim
Cathy Sladek
Judith Hurtig
Shirley Wyrick
West Branch Bank
1St Financial
FDA
Washington
Food and Drug Administration
1St Ave
7Th Avenue
Renz As
Voelkers
Fide Products
7Th Avenue SE
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