Banks Cut Prime Rate to 20.5 Percent Nationwide
Washington area reports major banks including Citibank Manufacturers Hanover and Continental Illinois lowered the prime rate from 21.5 percent to 20.5 percent. Wells Fargo had already cut earlier, ending the surge in rates since August. Economists debate potential recession or slower growth but no second downturn this year.
MENTIONED IN THIS ARTICLE
Washington Star
Washington
Citibank
Manufacturers Hanover Trust Co
New York
Continental Illinois National Bank of Chicago
First National Bank of Boston
Wells Fargo Bank of
San Francisco
Pillsbury Wins 21.5 Million Price-Fixing Settlement
Pillsbury Co files out-of-court accord totaling 21.5 million with 23 defendants in a price-fixing suit seeking treble damages for 40,000 potential buyers of folding paper cartons. Class action previously settled for 200 million. Pillsbury would have received 1.2 to 1.7 million from that stroke. Damages alleged span 1960 to 1974, with overcharges cited at 18 percent over 14 years. Names of defendant firms include Alton Box Board, American Can, Champion International, Mead, Packaging Corp of America, Potlatch, St. Regis, Weyerhaeuser and others.
MENTIONED IN THIS ARTICLE
Chicago
Pillsbury Co
Pillsbury
Edward F. Ruberry
McConnell & Campbell
Ruberry
Alton Box Board Co
Alton, Ill
American Can Co
Greenwich
Texas
Federal Paper Board Co., Inc
Montvale
N.J
Fibreboard Corp
San Francisco
A.L. Garber Co., Inc
Cleveland
Hoerner Waldorf Corp
Champion International
International Paper Co
New York
Interstate Folding Box Co
Middletown
Ohio
Mead Corp
Dayton
Packaging Corporation of America
Evanston, Nl
Potlatch Corp
Rexham Corp
Charlotte
N.C
St. Regis Paper Co
Michigan Carton Co
St. Regis
Weyerhaeuser Co
Tacoma, Wash
Kornthal Church Listed on National Register in D C
Austrian settlers in Union County built Kornthal Church in the 1850s. The landmark was recently added to the National Register of Historic Places in Washington D C. Story and pictures inside.
MENTIONED IN THIS ARTICLE
Union County
Kornthal Church
Washington, D.C
Chrysler Dealers Strike Back In Iacocca Message Tour
Chrysler Corp dealers push back against national press portrayal by taking President Lee Iacocca's message to their hometown media. Local executives vow to defend brand image and underscore dealer role in the auto giant's recovery.
MENTIONED IN THIS ARTICLE
Chrysler Corp
Lee Iacocca
Golden glow as Montgomery recalls 40 year post office career
Jim Montgomery reflects on a lifelong service at the post office spanning more than four decades. He describes rising from substitute carrier to top administrator, highlighting dedication, changes in the agency, and lasting impact on colleagues and communities.
MENTIONED IN THIS ARTICLE
Jim Montgomery
Southern Illinoisan publication and circulation details
Official notice listing offices in Carbondale Murphysboro Herrin and Marion with contact numbers and rates. Includes carrier and mail subscription prices for 18 county area and Illinois, plus post office box address for address changes.
MENTIONED IN THIS ARTICLE
Southern Illinoisan
N. Illinois
Carbondale
Ill
16Th
Herrin
S. A
Murphysboro
Illinois
Southern I Isan
Carbondale Free Press
Herrin Daily Journal
Marpante Independent
Marion
III
1980 Safest Year Yet for US Airlines
The FAA says 1980 set a safety record for local service trunk and flag carriers with only one fatal accident killing 13 people. No fatal crashes involved large jetliners that year, and total fatalities dropped sharply from 1979.
MENTIONED IN THIS ARTICLE
Washington
America
Federal Aviation Administration
FAA
Civil Aeronautics Board
American Airlines
Chicago
Mexico City
Western Airlines
Kodak to Raise Film Prices Across Range of Products
Eastman Kodak Co. plans price increases averaging 8 percent over two months citing higher operating costs. Traditional roll films will rise about 7.5 percent on January 24, instant film 9 percent, instant cameras 10 percent, processing 6 percent more, most traditional cameras about 10 percent on February 26, and slide projectors 8 percent.
MENTIONED IN THIS ARTICLE
Rochester, N.Y
Eastman Kodak Co
Registration urged for 1962 birth year men in 1981
The Selective Service System states men who will turn 19 in 1981 must register for the draft next week. Born in 1962, they can register at any Post Office. To ease lines, those born in the first three months register Monday, the next three months Tuesday, and so on.
MENTIONED IN THIS ARTICLE
Washington
Selective Service
Arson Suspected In Du Quoin Apartment Fire
Officials suspect arson at a 10 unit apartment complex under construction at 800 N Division St Du Quoin. Damage was limited to one room. officers Darnell and assistant Fire Chief Brayfield helped prevent spread after accelerant jugs with diesel or kerosene were found in rafters. Two railroad workers alerted authorities at 10 55 p m Tuesday.
MENTIONED IN THIS ARTICLE
N. Division St
du Quoin
Walter Minton
Gary Darnell
Cotton Brayfield
Minton
Illinois Central Gulf Railroad
Darrell
Brayfield
Marshall Browning Hospital
Darnell
Attack with hammer alleged in Carbondale confrontation
A Carbondale man suffered minor head injuries on New Year’s Eve when another man allegedly attacked him with a claw hammer during a dispute over a card game. Solomon Robinson faces aggravated battery charges. the incident occurred at 305A East Oak Street.
MENTIONED IN THIS ARTICLE
Carbondale
James Swiney
E. Green St
Pedestrian Struck on Cape Girardeau Bridge
Bruce Taylor, 30, was hit by a car while walking on the Cape Girardeau Bridge on Illinois 146 around 2:50 a.m. New Year’s Day and listed in satisfactory condition at St. Louis University Hospital. The driver fled the scene, Illinois State Police reported.
MENTIONED IN THIS ARTICLE
Cape Bridge
Cape Girardeau, Mo
Cape Girardeau Bridge
Illinois 146
Illinois
Bruce Taylor
St. Louis University Hospital
Taylor
Nine digit ZIP code delayed until June first
The Postal Service postponed until June 1 the start of the nine digit ZIP code aimed at saving millions in handling costs. It had been slated to begin in February after a Senate move to delay while allowing equipment purchase and efficiency studies. Officials say the longer code would improve mail delivery and cut costs by routing mail beyond a local post office.
MENTIONED IN THIS ARTICLE
Washington
Senate
General Motors boosts prices across its range
General Motors Corp. raised list prices on its cars by an average of 149 dollars or 1.5 percent, effective Monday. The move included a 100 dollar cut for the Chevrolet Chevette, no change on the X-car compacts, and about 234 dollar increases on GM’s larger cars.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Pellet gun blamed for World Cablevision outage in Mount Vernon
About half of Mount Vernon's World Cablevision subscribers lost picture during New Year's Day bowl game time. A spokesman said a damaged cable caused a five hour interruption from 1 p.m. to 6 p.m. Workers traced the fault through 110 miles of line and replaced over 700 feet of cable. Initial notes blamed a squirrel, but officials now say the damaged section shows pellet gun marks.
MENTIONED IN THIS ARTICLE
Mount Vernon
Cablevision
World Cablevision
Patrick Patterson
Patterson
Also Mentioned on This Page
Renee As
Union
Chrysler
Southern
Money Magazine
al Atterwhite
Airlines
Langhorne M. Bond
Valley
Neb
Air Wisconsin
Flag and
Kodak
Eastman Kodak
Congress
Ronald Reagan
White House
du Quoin Apartments
Hammer
Solomon Robinson
E. Oak St
Rubin
Misty Harbor
Corduroys Downs Quilts
Arrow van Heusen
Florsheims
Robbe Weyenberg
van Heusen
Osh Kosh Sale
Benim Jeans
Zeigler, Il
General Motors
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