Dow climbs to 1,015 as rally extends amid rate cuts
The Dow Jones industrial average hits a 1,015.08 close, its second hottest session on record, as banks cut prime rates to 12 percent and oil stocks lead gains. NYSE volume nears 140 million with advances outweighing declines and NASDAQ up while traders await Reagan remarks.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
New York Stock Exchange
NYSE
Reagan
Standard & Poor
Cedar Rapids Firm Wins President’s E Award for Exports
Cherry-Burrell export record earns the Cedar Rapids company the Presidents E Award. Sen Charles Grassley presented the award at Cherry-Burrell headquarters with a ceremony including a flag lapel insignia and a Baldrige certificate. The firm, a sanitary processing equipment maker, saw export share rise to 34 percent of total sales in 1981 and completed a dairy plant in Saudi Arabia.
MENTIONED IN THIS ARTICLE
Cherry-Burrell
Cedar Rapids
Charles Grassley
Iowa
Sixth St
Secretary of Commerce
Malcolm Baldridge
Reagan
Saudi Arabia
George J. Remus
Frank J. Torrens
Thomas E. Juracek
Steve T. Christ
UAW
John K. Glackin
Robert Ray
Marion
IH lenders OK revised debt plan to avert bankruptcy
International Harvester wins approval from nearly 200 lenders for a debt restructuring up to 359 million to avert bankruptcy. Plan allows up to 350 million of interest and principal to be converted into equity at a 3 to 1 basis and increases common stock to 100 million. IH to idle 6 500 factory workers for two weeks at Springfield Ohio Fort Wayne Indiana and 700 at Chatham Ontario. East Moline and Rock Island farm plants close Sept 10 until January.
MENTIONED IN THIS ARTICLE
Chicago
UPS
International Harvester
Harvester
Mon
Springfield
Ohio
Fort Wayne
Ind
Chatham
Ontario
Bill Greenhill
East Moline
Rock Island
Developers pay off World's Fair loan in Knoxville
World's Fair will repay the remaining 5.6 million of a 30 million loan financing the six month exposition. Fair officials seek permission to close out the loan and end the event on October 31.
MENTIONED IN THIS ARTICLE
Knoxville, Tenn
UPI
Fair
S.H. “Bo” Roberts
New York
London
United American Bank
Jake Butcher
Goods piling up as August inventories rise in recession
UPI reports that US business inventories rose 0.4 percent in August led by a 1.5 billion surge in unsold autos. Sales fell 1.6 percent, and the stocks to sales ratio returned to 1.52 months. Durable goods up 0.6 percent. department store stocks up 1 percent. clothing up 1.9 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
New LTD debuts with aerodynamic styling and economy
The 1983 Ford LTD is shown with a five passenger interior a deep trunk and a fuel economy of 26 mpg city 40 mpg highway. It offers multiple engine choices and a smooth ride from gas-pressurized shocks and struts on display at Bob Zimmerman Ford 4001 First Ave SE.
MENTIONED IN THIS ARTICLE
Bob Zimmerman
Car makers begin 1983 model year with sales gains
UPI reports U.S. automakers opened October 1983 with a 0.7 percent sales gain. GM and Chrysler posted increases in the first 10 days, with GM selling 86,703 cars up 12.3 percent and Chrysler at 18,703, while Ford fell 25 percent and VW Rabbits dropped 48 percent.
MENTIONED IN THIS ARTICLE
Detroit
UPI
U.S
General Motors Corp
Chrysler Corp
Buick
Oldsmobile
Pontiac
Chrysler
Ford
American Motors Corp
Volkswagen of America
Scramble 5 Contest Rules Published by The Gazette
Entry deadlines are 3 p.m. five days after publication. Daily $50 prizes come from a random drawing of valid entries. the $500 grand prize is drawn from all entries by November 25. Daily winners announced within 10 days. Judges’ decisions are final. Gazette employees and their immediate families are ineligible.
MENTIONED IN THIS ARTICLE
The
Gazette Company
Also Mentioned on This Page
Dow
National Association of Securities Dealers
Exxon
Schlumberger
Halliburton
Atlantic Richfield
Getty
Occidental Petroleum
Phillips Petroleum
SEDCO
Shell
California Standard
Indiana Standard
Texaco
AMR Corp
American Airlines
American Telephone & Telegraph
ASA Ltd
Campbell Red Lake
Dome Mines
Homestake Mining
Johnson & Johnson
Pfizer
Colorado
Eastman Kodak
Dome Petroleum
Ranger Oil
Wang Laboratories
Tee
Federal Interagency Group
New Ltd
Thomas Pappert
Scrembla
Gazette
New Brunswick
c/o
Scrambir
P.O
Third Avenue
Anytown
the Gazette
Ye Scrambir PO
Cagar Rapids
Olocse Ogd
Kmnllah OS
Von
EA UN
ER Odo
Ooodgfurka
AA DE
NEL
Eaig
Korgruofegats
Allen Motors
Armstrong
Penney’s
Petersen Harned von Mauer
Radio Shack
Radio World Sears Smulekoff’s
Sutherland Target Wards
Younkers
6Th St
Energy Savings Ce, Inc
Colman Street
New London
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!