Grandma's stock faith and a grandson's market doubts
An 83-year-old grandmother from Russia roots for stocks and the Dow, recalling ITT founder Harold Geneen and family wealth. The narrator, a market veteran, cites selling stocks during a slump and Drexel Burnham Lambert ads as reminders of loyalty to America's future.
MENTIONED IN THIS ARTICLE
New York
Eva
Wall Street
Russia
Grandpa Charlie
International Telephone and Telegraph
ITT
Grandma
Harold Geneen
Harold
General Electric
Sperry Rand
Martin Marietta
Drexel Burnham Lambert
Wall Street Journal
America
International Business Machines Corp
Lionel Corp
Business Briefs Highlight Regional Promotions and Openings
Robert E Walkup named senior vice president of operations for Fairchild Republic Co in Farmingdale New York. Larry Stewart to head LeFebvre regional office opening Oct 1 in Des Moines. New offices in Cedar Rapids and Omaha. Various promotions follow in insurance farming and trucking sectors across Iowa and Illinois. Sea Galley Stores acquires Virginia restaurants from Tidewater. women owned firms rise 7 percent 1979 to 1980 per SBA. Random industry notes and book release on white collar productivity.
MENTIONED IN THIS ARTICLE
Robert E. Walkup
Rockwell-Collins Avionics Group
Cedar Rapids
Fairchild Republic Co
Farmingdale
Long Island
N.Y
Collins
Australia
Newport Beach
Calif
Fairchild
Air Force
Larry Stewart
LeFebvre
Des Moines
Iowa
Illinois
Nebraska
Omaha
Steward
Million Dollar Club
Betty Zvacek
31St St. SW
James E. Woeschow
Shasta Court
Breen, Brehmer & Co
First Corporate Place
Arthur Anderson & Co
Chicago
Sea Galley
Mountlake Terrace
Wash
Virginia
Tidewater Fish House Enterprises Inc
Tidewater
United States
Small Business Administration
Christina Wine Cellars Announces Fall Rhine Style Wine
Christina Wine Cellars of McGregor and LaCrosse announced a new Rhine style wine for fall fest activities in McGregor and Octoberfest in LaCrosse. The native Rhine blend mirrors German Rhine valley wines and will have limited production at both locations alongside regular products.
MENTIONED IN THIS ARTICLE
Christina Wine Cellars
McGregor
LaCrosse
Rhine Valley
Wilson elected Cedar Rapids SCORE chapter chairman
Calvin W. Wilson was chosen to lead the Cedar Rapids Chapter of the Service Corps of Retired Executives for the coming year. New officers include Roy E. Taylor as first vice chairman William P. Hogan as second vice chairman Ralph C. Kiska as secretary treasurer and Phillip E. DeVoe as assignments chairman. Active counselors rise to 45 with one free daily counseling session offered at the SBA office 373 Collins Road NE. Inquiries at 399 2571.
MENTIONED IN THIS ARTICLE
Calvin W. Wilson
Cedar Rapids
Service Corps of
Richard F. Millen
Roy E. Taylor
William P. Hogan
Ralph C. Kiska
Phillip E. DeVoe
Small Business Administration
Collins Road
Money fund assets shrink as investors seek safety
UPI reports that for the week ending September 22 money market mutual funds saw net outflows of $276 million, reducing total assets to $225.8 billion across 255 reporting funds. Government-only funds rose by $143.4 million as individuals favored safety over higher yields, while seven and thirty day yields slipped to 9.60 and 9.80 percent respectively.
MENTIONED IN THIS ARTICLE
New York
UPI
Investment Company Institute
Washington-based Industry Association
Donoghue
Money Fund
Holliston
Mass
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New York Times Service
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Business News
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Linn Co-op Oil Co
Newhall
Dave Wessling
Rock River Farmers Co. Op
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Krug
Ellsworth Junio College
Iowa Falls
George W. Smith
Iowa Steel Express
Iowa Motor Truck Association
Smith
Upper
Midwest
Curtis Clough
Bankers Life and Casualty Co
Eastern Iowa
Canada
Puerto Rico
Virgin Islands
Institute For Certifying Secretaries
Department of Professional Secretaries International
Cyndy L. Simmons
Carolina Drive
Diane Marie Evanovich
24Th Ave
Marion
Becky K. Franck
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Marvel Philp
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Jean S. Smith
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New Business
William Ellison
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Ellison Auction Co
United Auctioneers of
United Auctioneers
Century 21
United
Ronald Carson
Westdale Mall
Westdale Theater
Tex Critter
Kids Point of View
Lindale Mall
Jack Jennings
Kay Krotz
Plymouth Meeting
Lindale Lane
James E. Clayton
Christine M. Coop
Deli-N-Fun
Seventh Avenue
Lee A. Rathje
Randy L. Rathje
James Bascom
John E. Null
Anamosa
Prudential Insurance Co. District Agencies Advisory Council
Minneapolis
Bruce L. Witte
O.E. Melchert Sales and Service
Paul Revere Companies
Worcester
Business Books
Robert N. Lehrer
Atlanta
McGraw-Hill
Robert Walkup
Brenton Banks, Inc
Donald C. Nebergall
Brenton Bank and Trust Company of
First Avenue
N. E
Radio Shack
Tandy Corporation
Tendy Corp
Cicero
B.C
Marion Boulevard
Edgewood Road