Sharp Stock Loss Deepens Week of Declines in Dow
New York markets closed sharply lower as the Dow Jones Industrial Average sank 10.30 to 979.89, extending a brutal week. The S&P 500 slipped to 104.17 and trading volume rose as big names like General Motors Eastman Kodak and Du Pont dropped more than a point. National Semiconductor and Bandag posted notable losses amid weak earnings.
MENTIONED IN THIS ARTICLE
New York
General Motors
Eastman Kodak
du Pont
International
National Semiconductor
Bandag
Silex
Grain and Livestock Markets Move Variedly in Des Moines Report
Prices show soybeans down 12 to 16 cents per bushel with November futures at 6.19, wheat off about 30.5 cents, and corn around 2.64. Livestock trading slows with cattle and hogs mostly steady to lower, with estimated receipts around 56,000 and 86,1000 from Thursday, while frozen pork bellies and feed cattle are noted in price ranges and market activity.
MENTIONED IN THIS ARTICLE
Russia
United States
Towa Hogs Des Moines
UPS
NBC Names Walters Replacement for Today Show
NBC Television announced that Jane Pauley will replace Barbara Walters on the Today show debuting October 1. Pauley, a 26 year old Chicago newscaster, has been in television three years and will join co-host Harry Reasoner.
MENTIONED IN THIS ARTICLE
New York
NBC
Jane Pauley
Chicago
Barbara Pies
Miss Pauley
Mise Walters
Harry: Reasonee
ABC
Annuities or High Risk Speculation for a Young Investor
A young earner in his early 20s with about 2000 annual income seeks high risk bets. The broker suggests low priced common stocks or call options while avoiding annuities as mismatched to his goals. The advisor weighs chances of recovery from a bankruptcy and questions the value of speculative paths versus retirement planning.
MENTIONED IN THIS ARTICLE
Menge
Ian
Enon
Saa
Aodal
Cedar Rapids Briefs Highlights Local Events
Hawkeye Bicycle Assn sponsors a Class B45 mile ride starting at 9 am Sunday from Bever Pack to Mt Ver non via Springville and Whit tier. Candy from Blum's of San Francisco and local ads for salons rentals and church events appear amid a chaotic listing of community notices and business cards. The items include meetings at Peoples Bank, a Stamp Club session, real estate assistance, and a Fall church schedule with a Death and Dying class offered by All Saints Church.
MENTIONED IN THIS ARTICLE
Bicycle Asn
Hawkeye Bicycle Assn
Bever Pack
Mt. Vernon
Springville
Whittier
Stamp Club
Peoples Bank and Truce Co
Third Street
Steve Phelan
Gibson Realtors
No Murder Doctor Wants His Money Back
San Bernardino California reports that Dr John Werner, a cadologist, was involved in a murder solicitation case. He fled after a woman claimed he promised services and money for a fake murder. Werner faced a $2000 fine and three years probation after pleading no contest in August.
MENTIONED IN THIS ARTICLE
San Bernardino
Calif
UPI
John Werner
Werner
Carmelita
Tes
Legal Notice on Annuities and Retirement Income Options
A reader discusses fixed retirement income versus lump sum and annuity options. The letter weighs $99,233 lump sum against $50 per month for life, arguing inflation, tax effects, and future rates affect value. Includes investor advice on bonds and percentages, and asks for responses with self addressed stamped envelopes.
MENTIONED IN THIS ARTICLE
Vfe
Wkderly
Tech
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