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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 08, 1978
Page
13
Selected stock prices from New York listings show varied moves with Abbott and AmRord among swings. The report notes highs and lows for key issues while indexes edge through afternoon trading and the Dow Jones averages reveal modest gains.
The Dow Jones industrial average rose 5.63 to 769.58 as investors anticipated President Carter's inflation speech next Tuesday. NYSE volume was 25.16 million shares with advances ahead of declines by 8 to 5, and the composite index gained 0.22 to 50.41 while the AMEX market value index jumped 0.96 to 131.81.
Livestock trade was moderate with higher prices for some hog weights while sows held steady. Corn and soybeans gained on the Cedar Rapids market, with new crop values around 2.18 to 2.39 per bushel and oats steady. Pork and beef markets in Des Moines showed slow demand and mixed gains, with eggs remaining steady amid light trading.
Rene Larre of the Bank for International Settlements cautions there is no painless path to a stronger dollar. He notes the dollar remains a global payment anchor, while U.S. deficits expand the world money supply. The piece links currency dynamics to jobs, trade, and policy cautions from officials and economists.
USDA butter and egg prices held steady in Chicago delivery markets with various grade prices listed. Chicago wheat corn oats and soybeans quotes appear, with No 2 hard red winter at 3.24 and No 2 yellow corn at 2.55/2n. Webster City hogs showed active trade and firm to lower carcass ranges across multiple weight classes. It pays to advertise.
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