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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 05, 1973
Page
26
The Dow Jones industrial average slid to 920.98 as traders faced a broad stock market retreat. Investors cited rising Vietnam tensions and a weak trading session on the New York Stock Exchange, with declines outpacing advances by about three to one.
Hogs sold Thursday at Cedar Rapids prices 75 to 100 cents lower. Wednesday bulk butcher weights 200-230 pounds brought 3.00 to 3.25. Sows 300 pounds down 32.00 to 32.25, larger hogs discounted per 10 pound increments. Packers discounted by weight grades. poultry and eggs priced. grain values listed. Des Moines markets show similar declines across butcher and sow classes with 980,000 Thursday trade estimate. Postville markets list prime to canner prices for steers, heifers, cows, and bulls with varied ranges.
CHICAGO AP Old crop soybean futures rose for a fourth straight session with 15 cent gains across the three nearby options. Wheat and corn slipped with May contracts lower, while oats fell about 2 percent.
Grain prices listed include Wheat No 2 soft Pon No 5 P hard, Corn No 2 yellow fiwa, Oats No 2 extra heavy white 9, Soybeans No. 1 Sesisbs 6 184n.
Prices for frozen pork bellies show May and July futures with bid ask data. The quotes list open high low and close figures across multiple entries, including May at 51.70 and 50.75 and July around 51.90 and 50.85, with daily frequency noted.
Hogs 5 500 head. barrows and gilts 200 280 lb 50 75 lower. 260 300 lb steady to 50 lower. 150 200 220 lb 3 290 50. 24 20 325 lb. Two loads 2 3 around 300 lb included at 3. Cattle 1 000 head. steers and heifers 50 100 lower. cows 50 1.00 lower. Good and low choice 975 1150 lb steers. 40 00 42 50 loads mostly choice but muddy. Weight ranges 850 975 lb heifers 43.00. high 41.00. Canner and cutter 29 50 32 50.
UPI notes avocados or eggs market updates with mixed values at Chicago and New York. Wholesale eggs show Fancy large and medium ranges around 47 to 51 cents per dozen with other sizes reported. demand described as unaggressive and prices largely unquoted.
Cattle and hogs described in a Webster City sale listing include steer and heifer quotes with top prices around 41.50 to 43.00 and hogs at 24.00. The report notes quotas and offers for various grades amid activity on Thursday.
Sioux City stockyards market activity light with 8 000 head, hogs 190 250 pounds at 36.00 to 36.35 per hundredweight and sow prices down 25 cents. US 2 3 classes 400 55 pounds quoted 33.75 to 34.25. Cattle offerings 600 head not enough to test market.
Butchers were 50c lower and sows were steady as packing plant delivery prices show No 2 butchers at 200-230 lbs from 35.50 to 36.00 and No 2 sows around 300 lbs from 32.00 to 32.50.
The FDA announced a recall of at least 800 cases of canned mushrooms from Fran Mushroom Co Inc Ravena New York due to botulinum contamination. The tainted lots were shipped to defense depots in Memphis Tennessee and Alameda California for post exchanges. cans unlabeled but stamped with code 2K007.
About 15 masked raiders attacked a police station on the Nicosia Famagusta highway early Thursday. They ordered officers outside and detonated the two story building with no injuries reported.
Detroit report shows March 1973 marked a record 1.1 million new car purchases, the highest monthly total in automotive history. First quarter totals reached 2,472,722 domestic cars, up 19 percent from 1972, with 963,195 domestic and about 175,000 imports in March.
North Liberty resident Robert Patterson, 22, was critically injured when his pickup collided head on with a semi at the 180 218 interchange. He required 20 minutes to be freed and was in critical condition at University Hospitals with head chest and leg injuries. The semi driver Patrick Wills, 26, of Fort Dodge, was listed in good condition with leg and back injuries.
Grace Lint was elected at a city council meeting to serve as Earlville mayor replacing Gerald Faust who resigned last month. Michael Bolong will fill the seat and Nancy Herman was hired as city clerk replacing Henry Roling who resigned with the former mayor.
South Vietnamese President Thieu, in a National Press Club address, thanked the United States for aid and urged continued economic assistance to ensure a smooth postwar transition. He noted continued North Vietnamese infiltrations, praised the Paris cease-fire as a brake on the enemy, and called for swift international cooperation to resolve postwar issues. Thieu's Washington visit was tightly secured amid threat of demonstrations. his talks with Vice President Agnew proceeded without disruption.
Nixon era figure John Dean III faced a label of unethical conduct from attorney Vincent Welch tied to a St. Louis television station project. Welch later admitted the accusation may have been overstated, citing a dispute over firm policies. The matter surfaced via columns and other sources amid ongoing Watergate fallout.
Sydney's dental hospital adopts old fashioned inkwells and sticks to fight ball point pen thefts amid a stalled rewrite of its stationery use.
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