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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 21, 1978
Page
18
Nationwide composite prices from NYT and UPI show Abbotts Aetna Air Prod and many major firms trading mid session. The page lists dozens of companies with last prices and percent changes across sectors, alongside the Dow Jones and S and P averages and a notes column on market sources and dividends.
The U S stock market slid as investors weighed the Fed credit-tightening moves to support the dollar abroad. The Dow dipped to 896.31 and the NYSE index eased to 58.97 as declines led advances, with 1,760 issues trading. Goodyear remained active at 18 on NYSE, while Amex saw Tenney Engineering rise to 57/8 after a delayed opening.
Sioux City markets saw cattle around 2,500 head with active trade. Steers and heifers rose about 2.00, cows and bulls scarce but steady. Hogs total 5,500 with barrows and gilts down about 50 cents from Friday and various U S grade prices listed for multiple weight ranges.
Livestock Monday reports moderate hog demand with butchers $1.00 lower in many weights. No. 1-2 200-230 lb butchers 47.50–48.00, 230-250 lb 47.00–48.25, 250-270 lb 45.75–47.50, 270-330 lb 43.50–46.50. Sows mostly steady with No. 1-3 270-450 lb at 40.00–42.50 and 450-550 lb at 40.00–42.50. Receipts estimated 85,000 vs 83,000 last week and 99,000 year ago.
Cattle demand fair to light with mixed price moves across grades. Beef: choice steer 1.00 higher, select heifers steady, several No 2 and No 3 price gains noted. Pork: trade very slow, demand light with loins and hams showing 50 to 75 cent gains in spots and many cuts steady to higher.
General Mills announces its 50th annual report showing fiscal 1978 sales of 3.243 billion up 16.5 percent and earnings of 128 million up 15.6 percent. Earnings per share rose to 2.58 with a 97 cent dividend. The firm plans 165 million in internal capex for fiscal 1979 across food processing, restaurant activities, and other investments.
Robert C. Embry Jr. of HUD visits Cedar Rapids Clinton Manchester Dyersville and Dubuque Aug. 30. He is welcomed by Congressman Mike Blouin for a series of breakfast tours meetings and site tours showcasing Community Development and UDAG grants.
In Boys 15-17 competition John and Harry Hagen score 37 while Tom and Bruce Benkusky close at 38. Dave Thinnes delivers a long drive. Barry Boyd is closest to the pin. Girls 15-17 see Mary and Jean Hagen 48 with Cathy Hahn and Donna Ross 50. Cathy Hahn long drive. Mary Hagen closest to pin. Boys 12-14 Mike Benkusky and Jim McPartland Jr tied at 42. Doug and Don Ropp 44. Mike Benkusky long drive. Eric Erbin closest to pin. Girls 12-14 Mary Thinnes leads with 51 for long drive and closest to pin, Mary Thinnes. 11 and under boys Jim Lensing and Doyle Phillips 24. 11 and under girls Nancy Benkusky, Evonne Benkusky, Micki Miller, Marylee Murdoch 44, Benkusky playoff win. Nancy Benkusky long drive and closest to pin. Scrambled donut two ball ties among groups led by Vrba Sandell and Murdoch Oxenfield, and Wiemer Armstrong Miller Hahn.
Postville teen Aaron Teck, 17, was in satisfactory condition at Postville Community Hospital today after a Sunday one car accident. Officers say his car left the road at a T intersection on a gravel road about four and one half miles northeast of Postville at 6 20 p m.
USDA and AP reports show livestock prices with barrows and gilts mainly 49.00 to 49.75 per cwt, sows up slightly, cattle and calves steady to higher with prime steers at 53.50 per cwt and heifers around 51.25 to 51.50. Grain futures list Wheat 3.29 4n, Corn 2.26n, Oats 1.24n, Soybeans 6.53 4n. Chicago buyers quote Butter 117.50-118.50 and eggs 59-66 per carton for wholesale delivery.
C R News Briefs notes retirees from Cherry Burrell will meet for bingo on Thursday at 2 p.m. in the social room of Cherry Burrell Credit Union.
A group of about 75 truckers from across Iowa met in Des Moines to form the state chapter of Professional Over the Road Drivers. They accuse national union corruption, aim to return control to rank and file members, and seek reform including the pension fund.
Joliet Illinois live cattle trade at the fair showed higher bids with steers and heifers 1.00 to 1.50 up. Prices ranged for various weights from 49.50 to 53.00 while hogs 210-260 pounds traded steady to 25 cents lower. Tuesday receipts estimated cattle 25 and hogs 1,000.
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