New York Stocks Mixed as Late Trading Closes
United Press International reports broad market moves with notable gains for several chemical, industrial, and transportation firms. The NYSE composite shows varied performance while Amoco, Exxon, and General Electric anchor the upside potential.
Dow Jones advances amid upbeat trading at midday
The noon Dow Jones average rose 3.20 points to 769.49 as gains led by strong NYSE issues with winners outnumbering losers 4 to 3. NYSE composite climbed to 50.59 and AMEX market value index to 132.87 while volume reached 12.16 million shares by noon.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
NYSE
American Stock Exchange
Midwest livestock prices steady with mixed gains across pork and beef
Iowa reports show pork demand moderate with several weight ranges holding steady. Fresh loins and Boston butt parts steady or unchanged, hams varying by size, seedless bellies showing mixed moves. Beef markets light to moderate with higher prices for choice steer and heifer beef across 525 to 900 and 500 to 700 pound ranges.
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Des Moines
UPI
Midwest
Boston
Cedar Rapids hog and sheep market steady with varied weights
Cedar Rapids hog market held steady with prices for 200 to 230 lb butchers at 44.50 to 45.00. 230 to 240 lb butchers are 25c off, 240 to 250 lb off 50c, rising scale to 300 lbs. Packers show further discounts by weight. Sheep market also steady with shorn lambs 60 to 61 and spring lambs 61 to 63. Lambs over 100 lbs discounted. Futures trading noted on the Chicago Mercantile Exchange.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Livestock prices drift as regional markets post varied results
Across Des Moines Omaha Sioux City and Joliet markets traders reported slow to moderate demand for hogs and steadier to mixed cattle trade. Hogs mostly traded lower by week across weights with receipts around the tens of thousands while cattle showed uneven activity and occasional gains. An Edict of Nantes note recalls 1598 royal action.
Dollar gains inch higher against European currencies
The dollar edged up against major European currencies in early trading as Carter’s inflation fight showed little impact on markets. Frankfurt 2.0143 marks, Zurich 1.8712 Swiss francs, Paris 4.5435 francs, Milan 852 lire, pound near 1.8695 dollars. Tokyo dollar steady at 218.75 yen. gold open in Zurich at 180.12 dollars, London 179.40.
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London
U.S
Carter
Europe
Times of London
Frankfurt
Zurich
Paris
Milan
Bank of England
Tokyo
Study cites high costs of government regulation
Washington AP report summarizes Murray Weidenbaum findings for the Joint Economic Committee. Regulation adds 666 to auto prices and 1500 to 2500 to new homes, with broader effects on employment and business decisions.
MENTIONED IN THIS ARTICLE
Washington
Murray Weidenbaum
Weidenbaum
Washington University of St. Louis
Congressional Joint Economic Committee
Sun Spots Disrupt Cedar Rapids Radio Links
Rockwell Collins operator Leonard Peters reports intermittent high frequency outages caused by sun spot solar flares. The station, which serves on shore offices and offshore rigs, observed complete quieting of frequencies and notes the NOAA in Boulder calls this the worst in four years.
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Leonard Peters
Rockwell-Collins
Cedar Rapids
Collins
Peters
National Oceanic and Atmospheric Association
Boulder
Colo
Tax extension offered for 1977 federal return deadline
Taxpayers may file by midnight Monday or request a two month extension using Form 4868. An estimated tax payment must accompany the extension request to avoid penalties. The IRS assures extensions do not affect audit likelihood.
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Internal Revenue Service
IRS
Man on 20th story balcony turns out safe
Police and fire crews rushed to a south London high rise after passers by saw a man on the 20th floor balcony shouting and threatening to jump. Officers found he was cleaning windows and arguing with his wife, not in danger.
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London
UPI
Market report notes steady prices for live hens and grains
The Federal State Market News Service reports steady hen prices with light trading and adequate supplies. Egg prices at farms range 28 to 44 cents depending on grade and size, while soybeans, white corn and oats show mixed moves on Cedar Rapids processing market data.
MENTIONED IN THIS ARTICLE
Des Moines
Federal State Market News Service
Cedar Rapids
Bell Helicopter orders Collins autopilot package
Bell Helicopter has placed a 1.95 million dollar order with Rockwell Collins General Aviation Division for AP 107H autopilots. The avionics package includes a Collins Micro Line system to be installed on Jet Ranger 206L 1 helicopters.
MENTIONED IN THIS ARTICLE
Bell Helicopter
Rockwell-Collins General Aviations
Bell
Cryovac and Union In Ongoing Contract Talks
Cryovac and Teamsters Local 238 continued negotiations on a new three year contract. The agreement covers about 280 production workers at Cryovac with total employment of 370. Cryovac is a division of W R Grace and Co, manufacturing plastic wrapping materials.
MENTIONED IN THIS ARTICLE
Cryovac
Teamsters Local 238
Teamsters
W. R. Grace and Co
From Here To Eternity to Become NBC TV Series
NBC plans a six hour television adaptation of James Jones’s 1951 novel From Here To Eternity, the work that won the 1953 Academy Award for best picture. The UPI report notes the project aims to capture the novel’s wartime setting and sweeping drama.
MENTIONED IN THIS ARTICLE
Hollywood
UPI
James Jones
NBC
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