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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Dec 30, 1979
Page
19
Dale Carnegie courses promote a five part sales clinic at the Carbondale Holiday Inn January 9 and 10. Free event offered by the Carbondale Chamber of Commerce features breakfast or luncheon options and reservations via the Carbondale Chamber by January.
Gerald Feezor, president of People's Bank of Marion, was elected president of the Greater Marion Area Chamber of Commerce for 1980. He replaces Mary Lou Roberts after serving as first vice president, with new officers including Village Cobbler owner Ob Maynard as first vice president and Bob Owens as second vice president.
The Jackson Square Shopping Center on Illinois 127 in Murphysboro is taking shape with a 27,000 square foot Kroger planned to open mid March and an 8,500 square foot Revco drugstore set to open then. A 50,000 square foot Wal Mart is targeted for June or July, according to a spokesman from Leo Eisenberg & Co. in St. Louis, the developer.
President Carter signed legislation suspending state mortgage rate ceilings until March 31 and extending interest bearing checking in six northeastern states including New Jersey. He predicted easier access to loans and signaled plans to phase out Regulation Q to raise thrift competition, aiming to boost savers’ returns and ease bank membership in the Federal Reserve System.
Investors turned to resource producers amid inflation and uncertainty as the Dow held at 838.91 for the week and annual gains remained modest. Hecla Mining and Sundance Oil led gains on rising bullion prices, while fund managers in Oreland, Pennsylvania, closed a strong year for unlisted stocks and outlined 1980 favorites in aerospace, energy, health care, and technology.
Marion's Crab Orchard and Egyptian Railroad earns national exposure after Forbes Magazine feature, a Brinkley NBC special, and a full page Newsweek story. CO and E president Hugh Crane welcomes the coverage as a boost for local industry and regional visibility.
IBM announced broad price increases on its products citing higher costs of doing business. The moves include up to 20 percent rises on computers software and word processing equipment, with rental and lease prices up 7 percent and data processing system purchases up 5 percent. Word processing product purchases rise 7 percent and monthly maintenance charges increase 10 to 20 percent.
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