Sharp Stock Advance Fades After Early Wave
New York AP reports a strong morning rally on April 24 1979 led by a record February inventory reduction of 149 billion by corporations easing distribution. Dow Jones average rose beyond 800 then pulled back as profit takers sold, NYSE composite up 34 to 446 and market value index up 0.20 to 81.94.
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Computer stock data loss halts NYSE ticker
New York AP reports a gunipaler malfunction at the New York Stock Exchange halted the stock ticker for several minutes and erased all volume figures for the first half. An NYSE spokesman said volume data would be unavailable until tests recreate them, possibly by Tuesday. Trading on the floor continued though the glitch could affect highs and lows in the day’s stock tables.
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Market report shows hog prices steady across regions
Chicago and Des Moines markets report steady to mixed hog prices with various weight brackets and packing quotes. Buyers note weaker finish for sows and lighter hogs, while heavier categories hold firm. cattle and dairy items also listed with mixed outcomes across Webster City and Waterloo.
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Complaints on C R Walkathon Prompt City Delays
Police in Des Moines report residents along the March of Dimes walk route complained of littering and youths trespassing yards during a 20 mile event. About 2,600 children participated, starting at Veterans Memorial Stadium and traversing all four city quadrants. No malicious damage complaints were received. officers noted verbal concerns from residents about litter.
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Commodities Close Uneven Amid Mixed Futures Moves
In Chicago, commodity futures closed uneven as traders mixed actions. Soybeans slipped 1 cent per bushel with May at 6.7634, wheat fell 24 cents, corn dropped to 2.8214, and futures for oats and other grains showed mixed gains and losses.
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Ray's Remarks Spark Governor Criticism in Des Moines
Gov. Robert Ray calls former aide William Smith's charges sour grapes while defending his administration. Smith says Ray is insulated by aides and questions his level of involvement in executive matters. Ray cites Burns's advice on a dismissal and signals support for gambling limits and election day registration tweaks amid broader policy disputes.
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IWPC Split Seen in Fees Disagreement
DES MOINES AP The Iowa Women Political Caucus may split from the national group over a proposed membership fee hike. State chair Roxane Contin says the current 6 yearly fee would rise to 14, threatening the nonexempt open caucus in the state. Contin also seeks the national chair role, calling the fee proposal a major reason for her candidacy.
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Notice to Creditors in Probate of Estate
District Court of Howe State issues notice to creditors of the estate of David Psee, Kenneth Herb, and others. Acknowledges probate filed, names personal representatives, requires claims within one year, and warns of actions after deadlines.
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