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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 14, 1978

Page

20

New York stocks report across wide market list

United Press International reports morning composite prices for Abbott to Zenith Global with many firms shown by High Low Last and Change. The list includes Amex Dow Jones linked names such as Alcoa Allied Chemicals Boeing Ford Exxon and many others with values, highs and lows across multiple exchanges.

United Press International P.E DovMn McCulich Oi

Dollar Gains in European Markets Amid Japan Surplus Hopes

The dollar edged higher against the yen in Europe as traders anticipated a reported March surplus around 2.2 billion dollars. In Tokyo the dollar closed at 219.425 yen after opening 219.20, with an intraday high of 219.55. Gold moved up in London but declined in Zurich as exchange activity continued. Frankfurt quoted 2.0310 marks.

London U.S Europe Tokyo Zurich Frankfurt

Livestock Price Report Des Moines Friday Hogs

Trade slow to moderate with demand steady to moderate. Butchers mostly 50 higher, sows steady. No 1-3 200-230 lb up to 240 lb at 44.50-46.00. 230-250 lb 44.25-46.00. No 2-3 250-270 lb 43.00-45.50. 270-300 lb 40.75-44.50. Sows No 1-3 270-330 lb 39.00-41.50. 330-400 lb 39.25-41.50. No 2-3 400-450 lb 38.50-41.50. 450-550 lb 37.50-41.50. Receipts about 70,000. prior day 77,000. prior week 91,000. year ago 14,000.

United Press International AlliedSt AllisCh Alcoa AMAX Am Airlines AmBrd AmCan Amt&t Ametek Ampex Ashiondo Atircht Atlas, Corp Bongorp Bonkom BeotFa Bendix Boeing Bucyrus Bet Budd Co Ve . Burling Des Moines UPI

Market Rates Edge Higher Across Currencies and Commodities

Currency values rose in Zurich Paris Milan London and Tokyo with the dollar easing slightly against the pound and yen. Gold on the London market inched up to 178.30 while Zurich gold fell to 178.125. U S wheat and eggs markets showed mixed activity with light demand and moderate supplies across farms and mercantile points.

Zurich Paris Milan London Tokyo U.S. West North Central Des Moines Federal State Market News Service

Stock buying tops record for volume on NYSE

The market surged with record trading volume at the New York Stock Exchange led by strong buying. The noon Dow rose 11.52 to 786.73, with 1,100 plus issues advancing and Big Board volume at 23.91 million shares.

NEW York New York Stock Exchange Dow NYSE American Stock Exchange

Late filers may wait six weeks for tax refunds

Taxpayers filing late can expect about six weeks for refunds, longer if returns have errors. Deadline extended to April 17 due to Saturday. IRS advises using the return booklet envelope, including Social Security on checks, and double checking arithmetic. A 60 day extension is available, but if money is owed, include a payment for at least 90 percent of the eventual amount.

Washington IRS

One juvenile held in Waterloo robbery case near Vinton

A 17 year old male was arrested after a car crash near highways 218 and 8 west of Vinton in connection with an armed robbery at a Waterloo grocery store. A second suspect remained at large as police from multiple communities, an Iowa Patrol plane, and a Cedar Rapids helicopter joined the search. The female cashier was threatened with a knife but uninjured.

Vinton Waterloo Iowa Highway Patrol Cedar Rapids LaPorte City Benton County Kenneth Popenhagen Highway 8 Popenhagen Gladbrook

Lobbyist Predicts Hardening Mortgage Rates Battle in Iowa Legislature

Des Moines reports Charles Walker of the Home Builders Association says bills to curb usury or raise the ceiling likely won’t pass. He warns lawmakers will avoid the mortgage crunch blues in an election year and hopes the Senate offers relief as Rep. Arthur Small confirms the floor remarks.

Des Moines Charles Walker Home Builders Association of Iowa Walker Pols House of Representatives Senate Arthur Small Lown City

Industrial production rises most in a year in March

The government says U S industrial output increased 1.4 percent in March the largest monthly gain in a year, signaling recovery from winter slowdowns. Durable goods led with a 5.2 percent jump, while energy materials rose 1 percent and overall output stood 41 percent above 1967 base.

Washington U.S Federal Reserve Board

Marion Cedar Rapids Club Howell movement winners named

At Kenwood Park Presbyterian Church on Thursday the Marion Cedar Rapids Club Howell movement awarded winning pairs. First place went to Lou Harrington and Ruth Helm, second to Margaret Blencoe and Vi Schenken, and third to Micki Siewert and Sue Butschi.

Howell Movement Kenwood Park Presbyterian Church Lou Harrington Ruth Helm Margaret Blencoe Vi Schenken Micki Siewert Sue Butschi

Tariff Approval Shifts Japanese Steel Plate Trade

The Treasury gains permission to impose tariffs on carbon steel plate from Japan after the ITC rules 4-0 that imports injure U.S. steel firms. Bonds of 5.4 to 18.5 percent already required. tariffs likely similar. The move targets about 6 percent of U.S. steel use and supports anti-dumping measures against five Japanese producers.

Washington U.S. Treasury Japan U.S. International Trade Commission Treasury Treasury Department United States U.S

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