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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 24, 1979
Page
17
A dense list of stock names and numerical figures shows prices and changes across many companies and sectors. The compilation includes references to Dow components, oil majors, banks, and manufacturers, with notes on dividends and market identifiers.
Amex posted a Nationwide composite snapshot at 11 20 a m (New York Times) listing selected stocks with bid offer net price and percent change. Companies include Adobe Oil Petrol Banister FisherPort Hormel McCulich Syntex Teleflex USFilter and others with varied price moves and percent changes.
Standard and Poor's hourly indexes for Friday are listed with figures across several sectors including Industrials Utilities and Facilities. The report shows Prev. close values of 120.41 for overall, with sector figures like 16.40 for utilities and 52.57 for facilities, reflecting mixed changes in the market.
The Cedar Rapids market showed steady prices for hogs and cattle with Friday bids for country and plant delivered butchers 200 to 230 lbs at 38.50 to 39.50 and packing sows under 550 lbs at 28.50 to 30.00. Cattle top reached 64.50 for steers 1000 to 1200 lbs and heifers 61.50 for 900 to 1050 lbs as new week demand began. Sheep were up about 1.00 with lambs quoted 58.00 to 41.00 and grain and soybeans moved with steady or higher quotes on August and new crop futures.
Des Moines livestock trading shows moderate hog shipments with demand strong and sows sharply higher, price ranges for various weight classes listed. Egg markets move with incentives mostly 2 to 3 cents higher and steady movement to retailers, with Grade A large eggs around 50 to 55 cents and smaller caps in the 34 to 39 cent range.
Commerce official cites rising foreign money in U S corporations and real estate after a report shows 677 transactions in 1978, up from 428 the year before. Canada, U K, Germany, Japan, France, Switzerland and the Netherlands lead. Middle Eastern oil nations account for twenty deals.
The FTC announced a new rule forcing insulation manufacturers to test products and disclose R values. The information will let consumers compare effectiveness and avoid misleading claims. Violators face fines up to 10000 dollars when the rule takes effect in late November.
UPI reports Joliet livestock market with cattle sales insufficient to set a price. Hog bids firm near 35 with several weight classes showing 39.50 to 42.35 per hundred, while cattle demand remains weak and Monday’s estimates project 3,000 head cattle and 1,400 hogs.
UPI reports mid August US car sales rose to record levels as GM Ford and Chrysler show gains. GM 155 432 cars up 24 7 percent Ford 61 603 up 11 4 percent Chrysler 19 399 down 18 6 percent reflects incentives and renewed faith in gasoline supplies.
New York stocks trend lower in active trading after July consumer prices rise 1 percent and the money supply expands. The Dow fell to 877.13 as inflation and credit tightening spurred profit taking, with 871 issues down and 414 up on the NYSE.
Gold hits new record levels on European exchanges with London opening at 315.50 per ounce and Zurich surging to 315.625 as investors speculated ahead of weekend trade. The dollar eased against major currencies while U.S. CPI for July rose 1.0 percent, fueling gold demand and market optimism.
Esmark Inc reports third quarter results ended July 29 with net income of 25.07 million or 1.20 per share on sales of 1.699 billion up from 19.75 million and 93 cents per share a year earlier. Nine months profit reaches 66.36 million or 3.16 per share on sales of 4.9444 billion.
Des Moines market notes show weak demand in beef with limited test buys and steady steer and heifer prices across 500 to 900 pounds. Pork trades slow to tail with light to moderate demand. prices range for various cuts including fresh pork, picnics, Boston butts and hams, with several items showing slight gains or steady movement.
Local event promotes a festive parade on Sunday noting community involvement and enthusiasm. Organizers urge residents to join, enjoy the procession, and celebrate with neighbors along the route.
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