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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 27, 1971
Page
10
New York stocks held modest gains in Friday trading with the Dow up 2.19 to 908.29 at 2 pm as advances edged declines on the NYSE. The yen floated after Japan’s decision, seen as a victory for the Nixon plan, with mixed results across sectors and notable moves in General Tire, Pitteton, Imperial Oil, and Syntex.
Soybeans futures edged up late after an initial 3 cent fall, with buying after mid session lifting prices in wheat, corn, and oats. At the close, soybeans rose about 2 percent for September, with wheat up around 3, corn about 1.5, and oats near 1.0.
Unofficial sales figures and dividend terminology are discussed. The notes list terms like ex dividend ex rights stock dividend and warrants with shorthand codes such as x y z and ww. The text covers declarations payments and arrears with references to quarters and annual rates and special conditions in bankruptcy or foreign issues.
Chicago produce market reports show total shipments 86 arrivals 23 track 71 with fair demand and mixed activity on round reds. Prices to retailers vary by grade with jumbo and large whites fetching higher per carton. New York offerings echo light demand and steady butter prices as USDA reports ample supply.
In Chicago the cash grain market lists hard red winter wheat at No. 2 soft corn and other grains. Soybeans priced around 3.19 a unit with yellow soybeans and soy oil quoted at 13.56. Prices shown for oats and other cereals appear in fragmented OCR form.
Interior Iowa and southern Minnesota hog markets show moderate activity with demand generally fair. Butchers mostly 25 cents lower, sows steady. Receipts: Thursday 77,000. week-ago Friday 50,000. year-ago Friday 43,000. Friday estimate 55,000. Prices span U S 1 3 200-230 lb butchers 17.50-18.75 and other weight bands up to 450-550 lbs 12.75-14.25.
Waterloo country buyers posted 25 cent declines with 200 to 230 pound butchers 17.25 to 17.75, 270 to 300 pound sows 15.00 to 15.50, plant delivered prices unchanged. In Postville prime steer to 34.00, choice steers 32.00, good steers 22 to 25, choice heifers 31 to 32, heifers 26 to 28.50, utility cows 19.50 to 23, canners 18 to 22, bulls 25 to 28.
Sioux City dispatch notes hogs, barrows and gilts trading weak, down about 25 cents, with prices for 300 to 350 pound pigs at 15.75 to 16.75. Cattle and calves seen as unsettled with limited established quotes.
Des Moines livestock market report notes slow trade with price declines across several pork cuts. Beef prices ease for choices and heifers, with skinned hams and ribs showing modest adjustments. Headline figures include Friday quotations and weekly totals, reflecting softer demand in Iowa and river markets.
Market report shows steer and heifer ranges with prime and utility classifications. Prices listed for cattle, lambs, poultry, eggs, and grains, with regional notes on Cedar Rapids hog market and Omaha stock quotations.
Police blotter items describe burglaries and thefts at A-1 Conoco 1502 Mt Vernon Rd SE a Jack McCausland residence 211 Parkcourt SE and other sites. Items stolen include tape players recorders radios tackle and clothing with losses ranging from small sums to over $180. Also noted are damaged signs and a gas tank theft along with miscellaneous adv notices and local business updates.
Consolidated Foods Corp. reports record fiscal 1971 sales of 1.6 billion, up eight percent from 1970, with net income at 59.4 million and earnings per share of 2.22, up from 2.14. Chairman William A. Buzick Jr. says first quarter trends remain strong and point to better results ahead.
Los Angeles police officer Hardy Lee Fernimen faces a 928000 back tax bill from the state Franchise Tax Board tied to an estimated 1970 71 income of over 9 million. Indicted with three others after 16 ounces of cocaine were seized at his home, Fernimen says the levy assumes illicit dealing and was unaware of the cocaine. His wife was charged but later cleared. Fernimen remains free on 10000 bond as his family seeks welfare aid after salary cuts.
Henotheism is the ancient idea that one Supreme Being exists while allowing belief in subsidiary gods. It permits worship of tribal or family deities under the overarching authority of the Supreme Being.
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