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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 08, 1977
Page
11
A garbled noon stock table lists numerous company prices with bid ask and change figures. Key entries include AMBAC, Exxon, General Mills, Texaco, and Xerox among many large firms, with varied gains and losses across sectors in a chaotic OCR dump.
President Carter signed a clean air law described as sound and comprehensive and a public works bill totaling more than 10 billion dollars. The measures omit funds for the Clinch river breeder reactor and set 48 days for Congress to override any push to produce neutron weapons while delaying tougher car standards until 1980 model year.
The Dow Jones average fell 6.50 to 882.19 as fears of higher short term rates weighed on stocks. Analysts expect Fed tightening and brokers warn higher rates may slow business expansion and drive funds into Treasuries amid light volume and a weak late-week rally.
Livestock trade in Des Moines reports moderate activity and generally solid demand. Butchers hold steady with some listings 25 higher, sow prices mostly flat. No 1-3 200-230 lb butchers 42.00-43.25, 230-250 lb 41.25-42.75, No 2-3 250-270 lb 39.75-42.25, 270-300 lb 37.50-41.50. Sows 270-330 lb 35.00-37.00, 330-400 lb 34.25-36.75, No 2-3 400-450 lb 34.00-36.75, 450-550 lb 33.00-36.75. Estimated receipts 80,000. last Fri 50,000. Sat 12,000. prior week 78,000. year ago 90,000.
The Cedar Rapids hog market posted steady prices Monday from Saturday close. Butchers 200 to 230 lbs sold at 41.50 to 42.00 dollars, 300 lb sows at 35.00 to 35.50. Weight-based discounts applied for heavier hogs, and the sheep market held steady with spring lambs quoted at 44.00 to 46.00 dollars.
Des Moines reports light trading and steady undertone for eggs with Grade A large at 30-40c and Grade A large from farms 32-34c. Midwest meat trade slow with beef steady and pork prices largely unchanged. Chicago bulk egg prices hold, wheat corn oats and soybeans quoted with current range values.
In Santa Monica, Roman Polanski pleads guilty to having sexual intercourse with a 13 year old girl. He faces possible deportation and seeks sentencing after Sept 19 while prosecutors may drop five other counts.
At Eastern Correctional Facility in Napanoch inmates overpowered guards and took 17 hostages in Cell Block B-3. Officials say 10 hostages are guards and seven are civilians. 100 to 150 inmates involved. no serious injuries reported. negotiations under way with inmate representatives as Commissioner Ward heads there.
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