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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 02, 1977
Page
17
New York AP stock table lists top gainers and decliners on Friday. Names include Seatrain, Sonesta, Cordura, and Ames Shares, with percent changes and last prices noted.
The Dow Jones average rose 8.23 to 927.36 as the stock market recovered from a weak first quarter. Advancers outnumbered decliners on the NYSE with light trading and volume at 17.03 million on the Big Board. Analysts cite improving unemployment figures and February construction gains, with calendar effects also noted.
Chicago AP reports soybean futures rose to the 30 cent limit led by the July option as old crop highs emerged. Soybean meal and oil also climbed to season highs while wheat corn and oats gained on strong soybean demand. May contracts showed soybeans at 9.23 per bushel with mixed moves in grains.
In Des Moines Midwest markets show active pork with firm to higher prices for loins, picnics and bellies while hams and skinned varieties hold steady to higher. Beef sales are slow with steady steer and heifer bids. Chicago grain quotes show soybeans around 9.02 and wheat near 2.40. Webster City hogs posted 11,000 head with steady to strong tone, with price ranges for U S 1-3 and sows reported.
Livestock demand moderate with butchers steady to higher on hogs across weight classes. Sows mostly steady. Receipts estimated at 65,000 with 15,000 Saturday. Eggs mostly unchanged with moderate offerings and Easter demand, prices for Grade A large 50-52 cents per dozen. Corn and soybeans price quotes included.
Camp Wapsie Y candy sale begins Friday with Ellis Marion and Central Ys open 9 to 4 for candy checkout. Youths earn proceeds credited to their camp accounts over two weeks, with final check-in Saturday April 16. Open to all Eastern Iowa children 7 through 15, regardless of Y membership.
On this date in 1972 illegal Easter parades occurred in Northern Ireland as Catholic leaders urged the IRA to seek a prompt end to violence.
Several probate notices list Bernice E. Dameron Fred H Kubicek Kenneth L Butter Wayne Overhulser Hubert Hepker and others. Executors named Guaranty Bank Lois May Novak Bruce V Butler Lucille Overhulser and Edward J Sand are identified with filings and six month deadlines. A separate condemnation notice from Cedar Rapids urban renewal references real estate outlines and a compensation hearing.
The discussion weighs convertible debentures from quality growth firms as a means for modest income and potential capital gains. It notes premiums over conversion value, historical stock moves, and the higher risk when markets falter. Margin use and conversion privileges reduce pure yield versus straight bonds.
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