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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, 1978

Page

17

New York Stocks Edge Higher on Morning Trade

Stocks listed on the Selected composite show mixed gains as of 10:30 a.m. with Abbott, Air Prod, Alcan and AlliedChm among movers. The NYT market summary from United Press International lists price changes, volumes, and percent changes for a wide range of issues across multiple exchanges and market segments.

United Press International Abbott Alcana AlliedChm AlliedSt AllisCh Alcoa AMAX AmHolsto Amstar ArmsCork Asarco Ashiando AtiRchf Bsiw Atlas Corp AvcoCen Avnetine Bendix Beth Steel Boeing Bucyrus Amex P-E Thas AdobeOi Dome Petro Fisher Pt Fronter Gianty Hormel HoustOil Husky Oil McCulich Mitchike emArms Solifron Dey Starrett Superint Syntex E— Teleflex E— Va Usfilter Wyo Bne

Standard & Poor's Index Report for Tuesday Listings

The Standard & Poor's indexes show industry and utility sectors with figures for Tuesday for 1941-43 bases. The table lists values around 114.70 for overall, 15.36 for utilities, 53.48 for industries, and 12.90 for a subset, with prior close of 114.99 15.43 53.53 12.92.

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Profit takers push stocks lower amid dollar slide

UPI reports early Tuesday trading sees profit taking as the dollar weakens on foreign exchanges. The Dow falls to 882.35 by 1:15 p.m. EDT, with 893 decliners to 446 advancers and about 16.12 million NYSE shares traded.

New York UPI Dow Japan Europe NYSE American Stock Exchange

Iowa Interest Butter and Butterfat Prices Reported

USDA price report shows butter delivered to Chicago steady at 93 score 1.1750 1.1850 and 92 score 1.1700 1.1750. Bulk prices to delivery firms and to retailers list Grade A extra large 63 66, large 59 61, mediums 55 57.

Chicago USDA

Cedar Rapids hog and grain markets mix steady with price shifts

Hog prices at Cedar Rapids Tuesday were mostly steady with cuts for heavier butchers and lighter for packers. Sows and heavier weights faced declines while lambs remained firm. grain futures showed modest gains for August and 1978 crops with soybeans rising and corn up slightly. Regional egg markets stayed steady with varied price ranges.

Cedar Rapids

Livestock prices and grains from Des Moines and Chicago

Des Moines livestock trade shows moderate demand with butchers 50 lower and sows steady. prices for various weight classes listed. Chicago grain market reports No 2 hard red winter wheat about 1.25 and soybeans around 6.38 as corn and oats also noted with prices and formats.

Des Moines UPI Chicago

Dollar Slump Pushes Pound Over Two Dollars

The dollar sank on global markets with record lows against the yen, Swiss franc and mark. The British pound surpassed $2 for the first time since 1976 as traders cited the dollar’s weakness amid ongoing U.S. trade deficits and weak economic data.

London U.S Zurich New York Frankfurt Tokyo Far East Europe United States

J-TEC reports sales and profits rise in year

J-TEC Associates report sales of 2.044 million dollars and profit of 351 thousand dollars for the year ending May 31, up 41 percent in sales and 22 percent in earnings per share from the prior year. The Cedar Rapids firm also announced a licensing boost and a largest contract with Rockwell-Collins in 1977.

J-Tec Associates Seventh Ave. SE Ted Johnson Japan Europe

United Fire declares higher quarterly dividend

Directors of United Fire and Casualty Co. Cedar Rapids vote to raise the quarterly dividend to 25 cents a share from 20 cents. The first payment at the new rate will be Sept. 15 for shareholders of record Sept. 1. The company also reports first half 1978 earnings up 24 percent to 2,028,000 or 2.39 per share.

United Fire and Casualty Co Cedar Rapids

Competition Ellis Jr. Boys 0-11 Medalists Named

Jones Park hosts junior events with winners Penny Collins Debbie Frazier and Michelle Wear in the Jr. Girls divisions while Scott Tschets chot and Jim Weiss lead the 12 13 and 14 15 age groups respectively in a local meet.

Mark Tschetschot Scott Tschetschot Jim Weiss Jones Park Jr Penny Collins Debbie Frazier Michelle Wear

Markets at a Glance on Tuesday

Stocks trading Tuesday lower in moderate activity. Bonds mostly lower. American stocks down in moderate trading. London stocks closed lower. Cotton and gold futures declined. Chicago grain futures rose. Cattle sales too light to set a trend. ON THIS DATE in 1948 Korea was proclaimed independent republic.

U.S. West North Central Des Moines London Chicago Independent Republic of Korea

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