Panic on Wall Street Stuns Traders in 1979 Decline
New York reports a day of historic market downturn as Dow Jones sinks and investors react to rising interest rates. Brokers, analysts, and everyday traders voice fears, while some see buying opportunities as Volcker acts to curb inflation and stabilize the dollar.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Pete Blais
Edward W. Niemiec
Paine, Webber, Jackson & Curtis Inc
Niemiec
Paine, Webber
Blyth Eastman Dillon & Company
Dow Jones
Paul A. Volcker
Federal Reserve Board
Banks of Iowa forms mortgage banking unit
Banks of Iowa announces the creation of SBI Mortgage Co with James Johnson of Omaha named president and CEO. The unit will expand mortgage lending via subsidiary banks and open offices in Omaha Lincoln and Cedar Rapids while using access to the national secondary market to aid home buyers. Holmes Foster named chairman with St John as treasurer and secretary. Board includes Beneke Quillotte Hannam and Taylor.
MENTIONED IN THIS ARTICLE
Iowa Inc
Bank Holding
Pany
Cedar Ids
Omaha
Gage Insurance
Iown
Johnson
Federal National Mortgage Association
Government National Mortgage Association
Federal Housing Administration, Veterans Administration
Federal Home Loan Mortgage Co
Farmers Home Administration
BI Mortgage Co
Lincoln
Neb
Cedar Rapids
Banks of Banks of Iowa
North 103Rd St
Holmes Foster
Banks of Iowa
Duane P. St. John
Foster and Osberg
James L. Beneke
Council Bluffs
James E. Coquillette
H. Dean Hannam
Des Moines
Richard C. Taylor
Sioux City
Market slides amidFed rate fears and mixed earnings
Wall Street volumes fell as fears over tighter credit and a 14 percent bank rate weighed on stocks. IBM tumbled after reporting third quarter earnings. United Airlines and American Telephone faced notable activity while Memorex edged higher on merger talks. overall NYSE declines outpaced advances with heavy trading on both exchanges.
MENTIONED IN THIS ARTICLE
Ord
Federal Serve
IBM
American Telephone & Telegraph
United Inns
Texaco
Midwest Stock Exchange
Memorex
Amdahl
Joseph Schlitz
Record rate on treasury bills
Washington reports the Treasury sold 3.47 billion dollars of 52 week bills at an average rate of 11.508 percent the highest in history indicating strong demand and elevated yields.
MENTIONED IN THIS ARTICLE
Washington
UPI
The
Treasury
Dollar Stable, Gold Slips Across Markets
The dollar remained mixed with little change while gold fell. Tokyo closed for a holiday leaving the yen at 225.90 to the dollar, European rates edged higher for the day, and bullion prices eased from recent peaks to around $399.50 at Zurich and $400 at London.
MENTIONED IN THIS ARTICLE
London
Tokyo
New York
Europe
Frankfurt
Zurich
Paris
Milan
Amsterdam
Notice of Probate and Council Proceedings Fragment
Notice details the probate of Nellie M Schrimper, deceased, naming executor J Brewer and deadline for objections. It includes partial Springville council proceedings with mayor, bills, personnel changes, and a Halloween parade request amid various local actions.
Will Set-Aside Action Deadline in Rapids Estate
Action to set aside the will must be filed in the district court within six months from the second publication. Creditors are urged to present claims to the clerk, duly authenticated, for allowance. claims not filed within the period may be barred. Dated September ath day of September Arion T. Nelson executor of said estate for Rapids Iowa.
MENTIONED IN THIS ARTICLE
Cor
Nellie M Schrimper
Ember
Nellechrimper
Corol J. Brewer
J. Brewer
Michigan
Kolst
Foster
Sear
Lasselner
Snow
Cow Hill
Miller
Renhm
Cunningham
Mirath
Cour
Cunn Nam
Ream
John Sucme
Iscus
Y Robertson Innningham
Kmitz
Unningham
Aves
Brehm
Aves Hach Chemical Co
Preitzer
Att Porrot & Sons
Eh i Ander Inc
de Levine
Wier Nelson
Arion T. Nelson
Nelson
Saides
T. Nelson
Rapids
Iowa
State of
Ann Coun
David Alan Sherood
David Alan Sherwood
Hazel L. Sherwood
Cedar Rapids
Godfrey A. Hindley
Prooose
Mildred J. Parker
District Court
Maurice L Nathanson Attorney for Administrator Bere
Attorney Maurice L Nathanson represents the administrator in a publication notice dated October. The fragment notes legal action involving the administrator and a public filing, with no additional specifics available.
MENTIONED IN THIS ARTICLE
Maurice L. Nathanson
Bere
Fecan
Also Mentioned on This Page
New York Times Service
Board Room of Investment Information
Cenrun
Merrill Lynch
Pierce, Er & Smith Inc
Grand Cen- Terminal
Neftali Molina
Peter Stanley
Leslie M. Pollack
Shearson Hayden Stone Inc
Volcker
Fed
Pollack
Banks of
Snew York
Westor
Bservers
New York Stock Exchange
New York Stock Exchange Iniex
Clines
York Stock Exchange
NYSE
Ing
American Stock Exchange
Petty
ORIG
Tiff
van Je
Edger
Springville
Corno
Tevior
Corried Oon Supply Co
Theazette
PaFlevator
Byerlectric Motor
Rayborn
Hiner
Hhiwifters
Ue Cross Blue Shield
Xchange State Bank
Powseye Rive Atety Co
Se Telephone
Rsphal Paving Co
Mott Sart Tt & Sons C Linn Coun
Alicea Inn County
Orpenternterprises Ltd
James Barnes
Arry Trout Xchange State Bank
Helen M
Offic
Meneeres Lab
Comaniry
Dare
Lowe
Treast
State of Lowe
Liz Cook
Pam Graham
Alice Lee
Hiatter
Taylor
Mills & Carnahan
Mark
Hansen
Secon
Larry Trout
Jim Barnes
Ils
Carnahan
Twila Wyman
Yeon
Rom
Zoeouncil
Meetin
Aylor
Ins
Ongarnahan
Pobout
Stambaugh Motors
Schlatter
Jake G. Hiner
Karen G. Johnson
Ewes Perry, Jr
Con
Ouri
Wesley
Robert Kibbie
Gazette
Sas
Sun
Classifica
Agri Business
ION Index
Financia Mobile
Seminole Park
Alfie
N.E
Nican
Purdue
Unday
Urgou
Marion
Lowa City
United Airline
Minnesota
D. Brockway
Owa-Minnes Te Wane
United
OSA
Nited Airlines
Aes Bridal Services
Wi Inc
Ios
Kings
Forbes
Westdale
Stouffer's Five Seasons Hotel
Orier
Rites War Waterproofing Inc
Ed Duncan Construction
Bonanza
Ralph Sordon
John Wayne Construction Homes
John Fields
Stark
Amana
Wights
South Amana
M. L. Hale
D&h
L&e
Whirlpool-Kenmore
Doug's Repair Service
Dennis Primrose
GIB Boxa Construction, Inc
G&d
Mey
Conner
Wilkes
Garrison
Stima Hansons Sylking & Revoi Ir
Smalley
Simon
Gephart
Stuefen Construction
Ray Musil Sr
Jim
O'Neill & Luke
Classified
Deaver
F&h
Bob
4Th Ave. S.W
Poll House
Center Point Road
First Avenue S.W
Wareces
Polkce School
Westdale Mall
Will O
Ozark St
Ave
S.E
5.W
N.W
K&ww
St. S.W
Tylerer School
Lowe Steel
Ars
N.E. G
N.E E
Iowa District Court
Linn County
Wielson
Devan
Devancadd
John J. Shea
Aroneys
Fedor Rapids
Utor Ang
Poe
Towa
Linn Helow
Godfrey Hladky
Godfrey A Jladky
Albert T. Gravelie
Lowa
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