Failed bank re-opens with insured deposits in Bloomfield
Depositors line up for the opening of the new state chartered Iowa Bank and Trust in Bloomfield after Exchange Bank failure. Most withdraw little, hoping for eventual asset recovery while new owners promise perks like free checking and 10 percent CD yields.
MENTIONED IN THIS ARTICLE
Bloomfield
Iowa
Exchange Bank of
Phil Schooley
Iowa Bank and Trust
Exchange Bank
Federal Deposit Insurance Corporation
W.A. Krause
A.C. Benton
Keith Fischer Fischer
Kentucky
Krause
Davis County Savings Bank
Benton
Roy
Eleanor Grosvenor
Floris
Floyd Hale
Takeover and divestiture stocks lead modest market dip
In quiet NYSE trading, the Dow fell 1.83 to 1240.14 amid profit-taking. Republic Steel surged to 27% on 1.9 million shares as LTV slid 14 to 165. Trans World Corp rose while TWA considered a spin-off. Amstar and Helene Curtis advanced on talks and profits. Gold prices slipped, breadth favored decliners, and major indices edged lower.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Republic Steel
LTV
Republic
Amstar
Trans World Corp
Trans World Airlines
Trans World
TWA
Equitable Gas
Helene Curtis
Vendo
NYSE
Commodity Exchange
Standard & Poor
S&p
American Stock Exchange
Auto Sales Rise With Record 2.37 Million Imports
AP reports 1983 model year ends with a record 2.37 million imported cars sold, up 10.7 percent from 1982 and surpassing 1981’s mark. Domestic sales total about 6.4 million, 15 percent above 1982 but far below 1978’s peak. Ford Escort tops with 313,600 and GM Olds Cutlass Supreme at 303,000.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Ford Motor Co
General Motors Corp
John Hammond
Data Resources Inc
Lexington
Mass
Help wanted ads decline after August rise
The Conference Board reports the Help-Wanted Advertising Index fell four points to 96 in August after a July peak, though activity remains 18 points above August 1982. Advertising volume dropped in eight of nine regions, with only the Pacific region up.
MENTIONED IN THIS ARTICLE
Conference Board
Kenneth Goldstein
Pacific
Cedar Rapids
Gazette
Iowa approves optional phone access charges for long distance
Iowa Commerce Commission approves rules allowing residential customers with blocking capability to opt out of two monthly fees. A $2 intrastate long distance charge and a $2 interstate long distance charge will apply starting Jan 1, with potential future rise to $8. Some fear service loss. opt out preserves local service only.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Ette
Des Moines Bureau
DES Moines
Iowa
American Telephone & Telegraph
Commission
Commerce Commission
Bell shifts customer phone service to Cedar Rapids center
Northwestern Bell customers who lease phones will call a Cedar Rapids AT&T IS center starting Monday for orders returns and repairs. The Cedar Rapids office will handle about 100 Bell staff become AT&T IS workers and two 24 hour toll free lines. Beginning in November renters will receive separate AT&T bills for leased phones and repairs for in warranty items remain free.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Northwestern Bell Telephone Co
Cedar Rapids
Bell
At&t Information Systems
Northwestern Bell
Third Avenue
At&tis
At&t
Bill Stauffer
At&t-Is
Tom Todd
Stauffer
Westdale Mall
S. Dubuque
Iowa City
Todd
Nebraska
South Dakota
Bell Records
Waterloo
Davenport
Also Mentioned on This Page
By Roger Munns
Sean “Tat Sree
Cameron
Fairfield
Schooley
Marie Grosener
Herbert Abramowitz
Abramowitz
Gloria
H&a Enterprises, Inc
Commerce Unit
C.R
Marion
Anamosa
Elsewhere
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