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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 31, 1978
Page
25
Readable portions show a dense list of company names with prices and daily changes, spanning Abbott Labs to Xerox. The data originate in a New York market composite, with notes on market sources and trading systems.
The Gazette notes updated market figures with the Standard & Poor's index for New York. It lists current values for utilities and industrial sectors, including closing figures and changes from the previous close, reflecting daily financial news coverage.
Washington AP reports a slowdown signal as the leading indicators index fell 0.7 percent in July after a 0.5 percent rise in June. Separate data show July factory orders down 3.8 percent, while wage gains in Q2 rose 2.1 percent though prices rose 2.9 percent. Analysts warn inflation control is needed to avoid recession next year.
UPI reports stocks retreated after government July economic indicators showed a 3.8 percent drop in factory orders and a 0.7 percent dip in July indicators. The Dow lost 4.06 points to 876.64 midafternoon as trading remained active and investors awaited the Fed money supply report.
United Press International reports mixed results with stocks and cotton easing while gold and Chicago grain advance. London markets close lower as cattle sales fail to establish a trend in the overview of that day’s market activity.
The dollar stayed largely unchanged on world money markets amid light activity. In Tokyo it rose to 190.05 yen from 189.725, while European banks sold dollars as importers bought. Major centers showed minor shifts with marks, francs, lire and pounds fluctuating. gold fixed at 207.30 per ounce in London.
Cedar Rapids market shows steady hog prices across many weight classes with 200 to 230 lb butchers at 47.50 to 48.00 and sows around 41.50 to 42.00. Packers incur downs on heavier grades, while lamb prices hold at 55.00 to 58.00 and grain quotes reflect slight shifts for August deliveries.
Boeing Co. secured a $680 million sale of 40 757 jets to Eastern Airlines and British Airways. British Airways will take 19 planes, Eastern 21, as Boeing strengthens its lead in the next generation narrow-body market amid ongoing competition with Airbus.
AP report lists No 2 hard red winter wheat at 3.35 per bushel No 2 soft red winter wheat at 3.35 No 2 yellow corn around 2.16 to 2.34 with hopper and box prices Oats No 2 heavy at 1.18 Soybeans No 1 yellow at 6.59 per bushel for Chicago trading.
A 49 year old Riverside man, Joseph Grant, was found guilty by a Johnson County District Court jury of criminal mischief in the second degree for spraying red paint and anti war slogans on Old Jet, a Korean War era fighter plane memorial at the Iowa City airport. The seven women and five men jury deliberated about two hours before delivering the verdict.
Three persons were arrested on drunk driving charges in Linn County Wednesday night and today. William B. Stumpff, 20, 222 10th Ave SW, was arrested at 8 21 P M Wednesday in the 2400 block of First Avenue SW. Horace V. Silliman, 39, 753 43rd St NE, was arrested at 1 35 A M today in the 500 block of 16th Avenue SW. Silliman also charged with driving the wrong way on a one way street. George C. Caltvedt, 36, Route 1 Central City, arrested Wednesday night at Fisher Street and Center Point Road in Hiawatha.
In Des Moines Iowa UPI reports moderate trade and demand for hogs with No 1-3 200-230 lb butchers at 48.00 to 49.75 and 230-250 lb at 47.25 to 48.50. sow prices steady to higher. Estimated receipts 75,000, vs 54,000 Wednesday and 74,000 a week ago. Gold and silver.
The Collins Government Avionics Division receives a $19 million order from the U.S. Air Force for AN/ARN-118(V) TACAN systems, the third and final option to the basic contract. Over 11,000 TACANs have been sold, with orders exceeding $100 million, and virtually all Air Force aircraft will feature the system, offering improved digital ranging and bearing accuracy and lower life-cycle costs.
General Motors boosts 1979 Chevrolet and GMC truck base retail prices by an average of 211 dollars, about 4.4 percent over 1978 sticker prices. Optional equipment costs rise with wide buyer variation, and destination charges increase by 5 dollars per vehicle.
Chicago buyers saw unchanged USDA bulk prices with 93 score butter paid delivery at 117.50 to 118.25 and 92 score at 117.00 to 117.50. Retail carton prices for Grade A butter delivered to retailers ranged 67 to 70 for extra large, 63 to 65 for large, and 51 to 53 for medium.
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