Market hits seventh biggest point gain as rally broadens
The Dow Jones industrial average rose 55.20 to 1,993.53, a 28 percent jump, with the NYSE composite up 4.52 to 140.80 and ASME index at 260.36. Volume on the Big Board reached 303.36 million shares as 1,604 stocks rose, 221 fell, amid firmer dollar and hopes for lower rates. Traders cited stabilizing foreign markets and bargain buying after a Black Monday-like rout, while expectations of Fed ease supported sentiment. Major gainers included Procter & Gamble, Grace, Longview Fibre, and Raytheon. Banks of Iowa fell. Trading shifts and shortened hours were noted to clear backlogs.
MENTIONED IN THIS ARTICLE
Watt Treet
Enaea
San
New York Stock Exchange
NYSE
American Stock Exchange
Wilshire Associates
Vrocter & Gamble
WR. Grace
Longview Fibre
Raytheon
General Mutts
Square D
Nash Finch
Kidde
Banks of
Iowa
Treasury
Federal Reserve
Coun Nies
International Business Machines
Union Carbide
General Electric
USX
Wall Street Relief Man Delivers Comic Relief
A six foot walking Maalox can toured Wall Street this week in a lighthearted commemoration of the 1929 crash and recent volatility. A New York businessman accepts a free sample outside the New York Stock Exchange, mixing humor with the markets' mood.
MENTIONED IN THIS ARTICLE
Wall Street
Financial District
New York
New York Stock Exchange
Kodak plant eyed in Iowa City Cedar Rapids region gains biotech profile
Iowa officials hailed Eastman Kodak's plan to build a biotechnology manufacturing plant in Cedar Rapids as a sign the region and University of Iowa can turn biotech into jobs and business. Leaders praised the move as a catalyst for local biotech growth, with U of I faculty noting potential mutual benefits and new job opportunities.
MENTIONED IN THIS ARTICLE
Lyne Syn
Sazeie
Johnson County
Iowa City
Eastman Kodak
Cedar Rapids
University of Iowa
Rex Montgomery
U of I College of Medicine
Robert Sierk
Greater
Iowa City Area
Sierk
Ray Muston
Bosess Ventures
Interna
Cluston
Towa City
U of I
Muston
Duane C. Spriesterbach
U of 1
Spriestersbach
Lacy Daniels
Kodak
Daniels
U of T
Towa Biotechnology
Towa State University
Recall issued on crib toy by Shelcore Inc
The Consumer Product Safety Commission recalled Crib Soft Playground activity centers after a 14 month old Minnesota boy died when his head became caught between the toy and crib mesh. Shelcore Inc of New Jersey issued the recall.
MENTIONED IN THIS ARTICLE
Washington
Consumer Product Safety Commission
Shelcore Inc
South Plainfield
N.J
Minnesota
Shelcore Crib Soft Playground recalled for safety risk
The agency warned parents about improper tightness and mesh-sided playpens, recalling about 110,000 activity centers imported from Taiwan and sold nationwide for around 9.50. Versions sold by Sears in 1982 83 prompted removal from cribs and playpens, with Shelcore offering a free redesigned unit and instructions to mail back the old set to Shelcore Inc in New Jersey for replacement or more information via the Safety Commission at 800 638 2772.
MENTIONED IN THIS ARTICLE
Taiwan
Sinaie Theroon Crib Soft Playground
Sears Roebuck and Co
Shelcore
Shelcore, Inc
S. Clinton Ave
S. Plainfield
N.J
The
Safety Commission
Warning Issued On Blueray Blue Flame Furnaces And Boilers
The Consumer Product Safety Commission warns improper maintenance of Blueray Blue Flame furnaces or boilers can cause carbon monoxide poisoning. Blueray Systems Inc. of Schuylkill Haven Pa issues an alert to oil heat technicians and homeowners. Some 21 000 furnaces and 14 500 boilers were sold 1974 1983. Consumers urged to schedule annual maintenance and obtain safety publications by calling 215 789 6224.
MENTIONED IN THIS ARTICLE
Namies Wit
Blueray Systems Inc
Blueray Collect
Lansdowne Ave
Upper Darby
Leading indicators dip as stock slump sparks recession fears
Washington economists warn that the Commerce Department index of leading indicators fell 0.1 percent in September after seven gains. A drop in manufacturing hours and stock prices offset strength in other components, fueling fears of slower growth or a recession. Analysts note the market plunge may push November figures lower as wealth erodes and consumer spending slows.
MENTIONED IN THIS ARTICLE
Washington
Wall Street
Commerce Department
David Jones
Aubrey G. Lanston & Co
Jones
Commerce
Robert Ortner
Engineering a New Era at Agricultural Machinery Conference
A three day event at the Five Seasons Center features more than v component suppliers in the exhibit area. Monday begins with three seminars on problem solving decision making costing analysis and power metal design. The theme is Engineering a New Era with 45 presentations and a new products session Wednesday. Pavel T. Sorokin the Soviet assistant agricultural attache will discuss cultural practices for major USSR crops alongside talks on satellite imaging computerized swine and cattle feeders and John Deere chassis for a motor home. The conference is co sponsored by the Mississippi Valley Section of SAE and the Iowa and Quad Cities sections of ASAE.
MENTIONED IN THIS ARTICLE
Five Seasons Center
Pavel T. Sorokin
Ussr
John Deere
Mississippi Valley
The
Society of Automotive Engineers
Iowa and
Quad Cities
American Society of Agricultural Engineers
Heating oil inventories spark urged filling of tanks
Activists urge homeowners who heat with oil to fill tanks now as the Energy Information Administration reports distillate stocks are 19 percent below last year. Public Citizen president Joan Claybrook recommends creating regional refined product reserves akin to the Strategic Petroleum Reserve.
MENTIONED IN THIS ARTICLE
Washington
U.S
Ralph Nader
Joan Claybrook
Public Citizen
National Strategic Petroleum Reserve
Texas
Louisiana
Energy Information Administration
Connie Rogers
Bogers ‘Up
Rogers
EIA
Scott Sitzer
American Petroleum Institute
Statistics
Edward Murphy
Also Mentioned on This Page
Ffom Assoclaeurre
Lane Gazette
Morten
Jack Baker
Block Trading
Shearson Lehman Brothers Inc
Baker
Gene Jay Seagle
Gruntal Financial Inc
British Petroleum
Standard & Poor
S&p
RTU
Economia
Allen Sinai
Shearson Lehman Brothers
Oelwein
Marion
Sun
Lowa City
the Gazette
Omce Products
7Th St
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