Market swings grip Wall Street as Bendix takeover tops week
The Bendix Martin Marietta Allied corp battle dominates trading while the Dow edges up to 919.52 and the NYSE hits its fourth busiest week. Analysts split on near term prices as investors weigh rates and the economy amid mixed results and heavy volume.
MENTIONED IN THIS ARTICLE
New York
UPI
Bendix-Martin Marietta Allied Corp
DJIA
Wall Street
Standard & Poor
NYSE
Harry Laubscher
Paine Webber
John Brooks
Robinson-Humphrey
Atlanta
Alan Cody
Mitchell & Co
Boston
Allied Corp
Bendix
Martin Marietta
United Technologies
Grain and metal markets rise and fall on week end CBOT and COMEX
Wheat corn and oats moved higher while soybeans dipped on the Chicago Board of Trade. Livestock and meat prices gained on the Chicago Mercantile Exchange. Gold silver and copper fell on the New York Commodity Exchange with October contracts showing the largest declines.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Chicago Mercantile Exchange
Commodity Exchange
New York
From $20 to a Growing Farm Equipment Biz in Iowa
North Borcherding rode into Cedar Rapids with $20 and dreams. Now in Garnaville his Long Lasting Farm Equipment Inc. operates two plants and earned profits in five of seven years. In 1982 sales rose 30 percent as he eyeing a potential boom if the economy improves.
MENTIONED IN THIS ARTICLE
Deb Wiley
Iowa
Garnavillo
Borcherding
Cedar Rapids
Garnaville
Farm Equipment Inc
Guttenberg
Norris Kuenzel
Garnaville Savings Bank
Double L
North Borcherding
Quaker Oats
Oll
Hart's Rent-A-Car expands with Budget Cedar Rapids takeover
Robert Andrews owner of Hart's Rent-A-Car announces expansion to two locations and purchase of Budget Rent A Car franchise for Cedar Rapids Marion and Iowa City. He also bought the Dollar Rent A Car fleet and Cedar Rapids Airport counter, planning an Iowa City outlet later.
MENTIONED IN THIS ARTICLE
Robert Andrews
Hart’s
Sixth St
Andrews
Cedar Rapids
Marion
Iowa City
Tom Fleckenstein
Cedar Rapids Municipal Airport
Bond market gains amid Treasury refunding auction results
The bond market rose across sectors as the U S Treasury raised 10 billion net new cash in its quarterly refunding auction. Yields on 4 7 and 20 year issues stood around 12.30 11.94 and 11.68 percent while government prices advanced. Private money rates fell and longer bills declined. Salomon noted strong reception for a large long term Tri ple A industrial new issue and yield estimates eased ahead of next week’s 440 million calendar. Municipal bonds posted modest gains and new issue yield scales softened slightly.
MENTIONED IN THIS ARTICLE
New York
UPI
U.S. Treasury
Treasury
Salomon
Also Mentioned on This Page
Crum & Forster
Xerox
CCI Corp
IBM
American Telephone & Telegraph
F.W. Woolworth
Ingersoll Rand
Teledyne
American Stock Exchange
National Association of Securities Dealers
Dubuque
Vigortone Ag
States
Bermuda
Canada
North
Evs Office Services Inc
6Th St
Valewi
Second ST
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