Stocks Fall on NYC Outlook and Market Nervousness
Financial markets opened subdued as traders weighed New York City's financial woes and a tentative rate cut in bank prime lending. The Dow slipped, while NYSE volume and select issues like Tenneco showed activity amid broad caution and profit taking.
MENTIONED IN THIS ARTICLE
New York
New York City
New York Stock Exchange
Dow
Tenneco
Tennvon
Nyway
NYSE
American Stock Exchange
OND
Nancie Oe
Grain and livestock market roundup from Chicago and Des Moines
Grain prices fell on soybeans and corn with soybeans down about 17 to 20 cents a bushel and wheat easing. Chicago cash grain reports show No 2 yellow corn and soybeans trading, while Des Moines and Cedar Rapids markets note hogs and cattle steady to lower with varied packing plant bids and cow and steer prices across regional outlets.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Clowe
Chicago Cash Grain
Cedar Rapids
Oman
Caruso
Sini
Peto
Tilly
Cammatuet Lal
Butz Presses Free Trade View In Des Moines Speech
U S Agriculture Secretary Butz told an Iowa audience that government grain stores are not in competition with farmers. He urged free market exports to pump dollars into the economy, noting weather and other factors complicate planning. He cited a five year Soviet grain deal allowing U S farmers to plan ahead and sell at optimal times.
MENTIONED IN THIS ARTICLE
Des Moines
U.S
Url Butz
Iowa
Arervant
Buzz
Poll 82 Percent Against NYC Aid
The National Observer asked readers to vote on federal aid for New York City. Of 12,610 ballots, 62.6 percent opposed aid, with New York State readers slightly more favorable than national totals.
MENTIONED IN THIS ARTICLE
Nyc
Washington
UPI
National Observer
Teaders
New York City
New York State
Buchanan Crash Hospitalizes Driver
Tony Birchard, 18, of Independence was taken to People's Hospital after a two car crash Sunday noon on the diagonal road between Independence and Quanqueton. He suffered a broken nose and arm and was charged with improper passing. Barbara Sherrets of Cedar Rapids and two children in her car were treated and released. she and Birchard were listed in good condition Monday.
MENTIONED IN THIS ARTICLE
Independence
Tony Birchard
People’s Hospital
Birchard
Tnidependence
Quanqueton
Iuto
Barbara Sherrets
Cedar Rapids
Monnday
Sherrets
Lynn Says Tax Cuts Won't Halt Economic Recovery
Washington United Press International report quotes Lynn Director James Lynn stating that a political tax hassle would not substantially affect recovery. He suggests Ford veto a tax reduction bill unless Congress trims the budget, arguing no accompanying spending cuts exist and officials should consider fiscal restraint. He appeared on Meet the Press to defend his stance.
MENTIONED IN THIS ARTICLE
Washington
UPI
Finalyet
James Lynn
Tere
Lyn
Lynn
NBCTV
Meet the Press
Congress
Ford
Man at Kensington Towers jumps as firemen reach
A 35 year old Afghan nun died after pushing aside a firemen’s ladder and leaping from a burning balcony at Kensington Towers hotel in Baywwiter. Firefighters arrived and started to climb the ladder but he jumped before they could rescue him, ending a seven minute ordeal.
MENTIONED IN THIS ARTICLE
London
Afghanistan
Kensington Towers
Baywwiter Hestad
Adder
Terrorists Kill 5 Policemen In Argentina
Five policemen were killed and a sixth seriously wounded when gunmen ambushed two police cars returning from guard duty near President Peron's residence three miles away. About 15 attackers used submachine guns and grenades, firing from cars and nearby buildings. Police blamed the attack on radical Peronist groups and noted widespread political violence in Argentina.
MENTIONED IN THIS ARTICLE
Buenos. Aires
Argentina
Isabel Pernn
People’s Revolutionary Army
Montanarog
Peronist
Arpen
Lina
Sun
Four Injured In Traffic Accidents Saturday and Sunday
Traffic incidents across the city left four people with minor injuries treated at Mercy hospital. Arlene Freeman, 39, Sule Freeman, 14, and David Grant, 35, were in a two car crash on Edgewood Road NW. Bonenburger, 23, was hurt on Oakland Road NE when his motorcycle was struck by Ciera Ackerman, 52. Peter Zacher, 12, was injured in a bicycle car collision near Soutier Avenue and Thirtieth Street SE. Ackerman was cited for failing to yield. A Bicentennial note mentions Quakers in Philadelphia seeking understanding from Pennsylvania Assembly regarding military participation.
MENTIONED IN THIS ARTICLE
Arlene D. Freeman
Vernon
Sule
Mercy Hospital
Johnson Avenue
Edgewood Road
David D. Grant
Adel Street
Frey
David Bonenburger
Third Avenue
Oakland Road
Bonenberger
Ciera
Ackerman
Govemu
Ackenmai
Peter Zacher
Thomas J. Zacchar
Scuttercourt
Soutier Avenue
Thirtieth Street
Arlene Bockfieht
Fourth Avenue SE
Boston Bus Desegregation Protest Draws Thousands
AP reports 6,000 to 7,000 anti desegregation protesters marched through South Boston behind a coffin bearing Freedom It Dead. A few hours earlier only a handful of white pupils attended South Boston and Charlestown high schools amid a boycott tied to a court-ordered busing plan.
MENTIONED IN THIS ARTICLE
Boston
South Boston
Poycott
Charlestown
Marime Park
Cisas
Charlestown High School
Five Hurt in Jerusalem Bomb Blast
A bomb exploded a car outside a central Jerusalem hotel injuring five people including two Swiss women two Israelis and a Arab. Police sealed the area and detained suspects. Police said another charge of explosives was found and defused. The car belonged to a Tel Aviv computer firm and the attack was attributed to Arab terrorists. It was Jerusalem’s worst blast since July 4 in Zion Square that killed 15 and wounded 70.
MENTIONED IN THIS ARTICLE
Jerusalem
Tel Aviv
Zion Square
FMC Reports Record Sales And Earnings
FMC Corp reports record sales and earnings for the third quarter and first nine months with net income of 23.5 million dollars in Q3 and 33.4 million for nine months. Sales rose to 646 million in Q3 and 1.706 billion for the nine months, while the dividend rises and potential sale of the fiber division are announced.
MENTIONED IN THIS ARTICLE
FMC Corp
Chicago
Itether
Salen
FMC
Robert H. Malott
Cedar Rapids
Malott
Com
Tis
Proxmire Sees Soviet Buildup Steady Not Massive
Senator William Proxmire says CIA figures show Soviet defense spending rose about three percent yearly over a decade but not in massive terms. He argues U S military lead remains, while Colby notes future cuts unlikely and warns about qualitative Soviet advances.
MENTIONED IN THIS ARTICLE
Washington
Soviet’ Union
CIA
Willem Galby
U. A
Sen. Wiliam Proxnurg
Calby
Pentagon
Spesets
Senate
Proxmire
Hurricane Oli Leaves 9 Dead in Mexico
Nine people died and 82 were injured after Hurricane Oli struck the central Mexican Pacific coast Friday night. Mazatlan reports the toll as authorities brace for higher figures and officials warn of continued risks from the storm’s high winds.
MENTIONED IN THIS ARTICLE
Mazatlan
Mexico
Olivia
Els
Acapul Wa
California
Arona
Man’s Dog Triggers Shotgun Accident in Halifax Farm
Halifax police said farm worker Michael Kelly was shot Monday when his red setter stood on a wall and triggered his shotgun as he climbed down. Kelly was hospitalized in satisfactory condition after the incident at the farmhouse where the gun was left.
MENTIONED IN THIS ARTICLE
Halifax
England
Michael Kelly
Kelly
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