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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

Aug 15, 1977

Page

16

NYSE Stocks Show Big Swings Across Names And Sectors

The AP reports broad NYSE moves with Chelsea India NatTea Atico Mfg and Elect Assoc among top gainers while DavtPL Genesco CheckFON and Un Commre lag. Afternoon prices reflect wide shifts across dozens of tickers including ACE AMF ASA AbbtlLb and AetnaL! in a volatile session.

UPS and Downs NEW York New York Stock Exchange Chelsea India NatTea Atico Mfg Elect Assoc Genesco Inc Checkfon Airco Arizona AlcanAi Armco ArmstCk Asarco Ashion AtRich Basco

Dow Jones Off 1.47 As Market Slumps On Higher Rates

The Dow industrial average fell 1.47 to 869.63 with 3-2 losers ahead of gainers on the NYSE as volume neared 10.02 million shares. Analysts cited rising short term rates and Federal Reserve credit tightening as the main cause of a three week slide nearing a 19 month low. Bethlehem Steel was active at 22 after a 100,000 share block traded.

NEW York New York Stock Exchange Dow Federal Reserve Bethlehem Steel NYSE

Iowa and Chicago Market Update Hogs Cattle Prices Move

Livestock report from Omaha notes hogs 4 000 head with prices up to 46.00 for 200 250 lb pigs and sows 50 75 higher. Cattle and calves see 7 500 head with steers and heifers steady to weak and cows steady to firm. Chicago USDA prices show eggs steady with Grade A cartons and grains posting small gains for wheat corn and soybeans.

Omaha UPI Chicago USDA U.S Joliet

Cedar Rapids hog and sheep market prices steady on Monday

The Cedar Rapids hog market held steady with bulk delivered butchers 200 to 230 pounds at 43.50 to 44.00 dollars and packers’ sows at 35.50 to 36.00. Butchers 230 to 240 pounds were 25 cents off, 240 to 250 pounds 50 cents off, and 250 to 300 pounds 75 cents off per 10 pounds over 250. Sheep market steady with shorn lambs 48 to 50 dollars and wool lambs 46 to 48 dollars.

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Iowa hog and grain markets show mixed trade across regions

Des Moines and Webster City reports depict hog prices firm to higher while butchers lift 50 in spots, with mixed sow and weight class movements. Grain prices fall on old and new corn and soybeans at Cedar Rapids and Davenport markets, plus brief cattle and pork notes from Joliet and Des Moines reports.

Cedar Rapids Mississippi River Davenport Pro Farmer Grain Cedar Apids

Winnebago Shutdown Extended to Three Weeks

Winnebago Industries extends its production line shutdown by three weeks amid lower sales to prevent a buildup of 1977 models. About 3,000 workers face layoff as the plant suspends operations, with the usual two week summer pause for model changes.

Forest City UPI Winnebago Industries, Inc Winnebago Industries

Lower Transatlantic Air Fares Proposed

Major airlines agreed on lower transatlantic fares to counter Laker’s new low cost service. The plan, pending government approval, applies six months from Sept. 15 with New York London fares at 146 dollars one way and 256 dollars round trip, plus London prices at 64 pounds one way and 149 pounds round trip.

Geneva Switzerland Freddie Laker International Air Transport Assn U.S IATA New York London APEX

Cedar Rapids Briefs: Local thefts and notices reported

Theft reported by Gary E. Warner of Hiawatha for saddles and gear valued at 800 dollars stolen from an unlocked farm garage. Break-in at City Delivery for sockets and grinder valued at 265 dollars between Aug. 1 and 13. Also notes on ROTC commissioning of John W. Morrell, and other small items including stolen coins and mowers.

Gary E. Warner Willman Street Hiawatha Linn City Delivery Seventh Avenue SE John W. Morrell University of Iowa Fort Lewis Wash Elizabeth Iowa City

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