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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 03, 1978
Page
20
Major exchanges show Abbott and Amoco among notable movers with mixed gains and losses. The article lists numerous tickers and prices from United Press International, highlighting U S markets tracking the Amex and NYSE with a standard S&P index snapshot and weekly activity figures.
The U S dollar fell to a fresh low in Tokyo trading as Japanese leaders pledged to press Washington to bolster the greenback. It slid to about 218.15 yen intraday and finished near 218.20 yen.
The yen fell from 223.40 to 218.30 against the dollar amid a 425 million dollar trading day. Prime Minister Fukuda vowed to press the U.S. to defend the dollar when meeting President Carter, as Tokyo cites February's U.S. trade deficit and a weak dollar as factors. U.S. bulk egg prices were unchanged for delivery, with Grade A cartons at 58-61 cents.
Cedar Rapids hog market was steady with butchers 200-230 lb at 45.00 to 45.75, 300 lb sows 41.00-41.50, and heavier weight breaks discounted. Sheep market steady with lambs 68.00-70.00 and wool lambs 65.00-68.00, spring lamb 70.00. grain quotes show corn and soybeans lower or steady for April May and new crops centered around 2.20 to 2.65 for corn and 5.83 to 6.47 for soybeans. oats at 1.37.
Items stolen include an industrial vacuum from Pizza Inn, two diamond rings from a residence, coins from Mike Glick, six savings bonds from Roy Miller, six guns and ammunition from Dennis Boots, and a rack from Jerry Patterson. Kirkwood Community College interviews for a new superintendent begin with closed sessions this week. Also listed are DAV meeting, report cards, hospital patient, and various advertisements and notices.
New York AP reports a broad market setback as the Dow Jones average of 30 industrials falls 6.41 to 750.95 at midday. Losers outnumber gainers 3 to 1 on the NYSE, with the composite index down 0.39 to 49.46 and the AMEX market value index off 0.35 to 128.59. Volume reaches 9.63 million shares at noon.
Des Moines based market report shows price ranges mostly unchanged to lower with light demand for carton and loose-pack eggs. Supplies accumulating and plentiful at most points with weak undertone. dealer inventories up 41 percent from last week. Prices paid to producers per dozen: Grade A large 40-44 cents, mostly 43. Grade A medium 35-39 cents, mostly 36-37. other farm eggs Grade A large 28-35 cents, mostly 28-30. Grade A medium 20-27, mostly 20-22. Grade B large 14-21, mostly 16-20.
UPI notes moderate demand and steady to higher pork prices. No. 1-3 200-230 lb butcher hogs bring 45.50 to 47.00. larger weights and sow categories listed with varied ranges. Receipts estimated at 90,000 with Friday 59,000 and Saturday 15,000, compared with 100,000 last week and 105,000 year ago.
George Alberts and Clay Mossman won first place while Lydia Leipold and Phil Arnell took second and Ruth Helm and Norman O Connor finished third. The next game is scheduled for 7 30 Tuesday at the Woman's Club.
U S west north central states report live hens day with prices mostly unchanged in light trading. Some plants booked to capacity for early April needs while others show openings. Farm prices range 6 to 7 cents per pound with many at 6 1/2 to 6 1/2 cents.
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