Farmland values fall in 1984 survey finds 15 percent drop
A survey of about 900 agricultural bankers shows farmland values declined over 15 percent in 1984 and are expected to fall a further 8 percent in 1985. Bankers report 85 percent of institutions saw declines, with Illinois and the Cornbelt likely hardest hit as grain prices and farm income stay weak.
MENTIONED IN THIS ARTICLE
Carbondale
William Herr
Department of Agribusiness Economics
Southern Illinois University
Illinois
Plains
Herr
American Bankers Association
Gasoline prices fall to five year low says analyst
Los Angeles AP reports gasoline prices at their lowest in five years with Dan Lundberg predicting an additional 21 cent drop to about 94 cents a gallon for all grades. Self serve regular hit 1.024 last week the first since December 1979.
MENTIONED IN THIS ARTICLE
Los Angeles
Dan Lundberg
Lundberg
Organization of Petroleum Exporting Countries
Staley Sells Soy Processing Units, 30 Decatur Jobs Lost
In Decatur Illinois about 30 jobs will be cut as A E Staley Mfg Co sells its soy processing business to Illinois firm Independent Soy Processors Co The deal covers five facilities including a Champaign mill and plants in Fostoria Des Moines Mexico and Frankfort Terms were not disclosed Satterfield said Staley will wind down operations at Decatur headquarters and sell inventories through normal channels and collect receivables
MENTIONED IN THIS ARTICLE
Decatur
Illinois
A.E. Staley Mfg. Co
Independent
Soy Processors Co
Champaign
Staley
Dave Satterfield
Fostoria
Ohio
Mexico
Frankfort
Ind
Des Moines
Iowa
Satterfield
Union Carbide debt rating downgraded after Bhopal leak
Duff and Phelps downgraded Union Carbide debt rating citing uncertain Bhopal exposure and possible impact on financial flexibility. The firm moved senior debt to D&P-9 and subordinate to D&P-10, removing the stock from its Watch List. The Bhopal disaster killed thousands on December 3, 1984, and left many injured.
MENTIONED IN THIS ARTICLE
Chicago
Union Carbide Chemical
Bhopal
India
Union Carbide
Duff and Phelps Inc
van den Ameele
Duff and Phelps
D&p
Holiday Inns buyback offer and financing plan disclosed
New York based Holiday Inns Inc announced the board approved a share repurchase to begin Monday. Shareholders can tender between 46 and 49 dollars per share under the offer. The company secured a 500 million dollar credit agreement with banks to finance the buyback, planning to repay the debt mainly by selling hotels from 1985 to 1987.
MENTIONED IN THIS ARTICLE
New York
Nyt
Holiday Inns Inc
Holiday Inns
Trade Defender: Shultz Warns Against Abolishing Office
Secretary of State Shultz says abolishing the Office of Trade Representative would hinder trade and spur protectionism. Fixed income investors grow cautious as stronger economy expectations threaten higher yields and lower prices. Lawyers for 12 Laker Airways defendants propose settlements of 40 to 50 million to creditor groups.
MENTIONED IN THIS ARTICLE
Office of
Trade Representative
Shultz
Laker Airways
Also Mentioned on This Page
A.E. Staley
Southern Illinoisan
Atcha Shoes
Herrin
Marion
Ferges
Nissan
Nissan Stanza
P.U
Lake Rd
Danbury, Conn
Holiday Inns Oks
Danmark
Etcetera
HOV
Murdale
At&t
Ooen
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