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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 01, 1979
Page
19
The NYT based composite stock list by United Press International shows Abbott Labs and a wide range of companies with price quotes and percentage changes. The Dow Jones Industrial Average fluctuates, with a close near 248.7 and notable movements across utilities, tech, and consumer sectors.
New York traders pull back amid Iran crisis raising caution ahead of the weekend. Dow slips 9.39 to 822.35, banks trim prime rates to 15 percent, volume nears a weekly low while GM tumbles 14 percent and Chrysler edges higher. Midwest meat prices also trend mixed with beef gains and pork shifts.
Des Moines reports light to moderate hog demand with butchers down 50 cents while sows hold steady. No. 1-2 200-230 lb hogs mostly 36.50 to 38.00 with some 37.25-37.50. receipts estimated at 90,000 for Friday. Grain markets rise on Cedar Rapids processing market with November soybeans around 6.55 and white corn near 2.88 to 3.00 per bushel depending on delivery. Chicago grains show No. 2 hard red winter wheat around 4.03 1/2 and corn around 2.67 1/4 to 2.58 1/4.
Friday market across Cedar Rapids and Omaha regions shows hogs easing with butchers down 50 cents at Cedar Rapids and packers under pressure by size. weights 200 to 260 pounds fetch 36.50 to 38.50. Sheep steady with lambs 60 to 62 dollars. Buying hours 7 to 10 a.m. Monday through Friday.
Briefs note Salvation Army and St Vincent DePaul Christmas aid applications close December 14 with in person filing at Salvation Army 1000 C Ave NW. Local business classifieds include Millhiser Smith moves to 3100 Oakland Rd NE and numerous ads for gifts, auctions, bazaars, and events across Cedar Rapids featuring Marion High School sale, Peck's Christmas Open House, and Holiday concerts.
The Tuesday Noon Optimists start their year long tree sale at Kingston Station from 9 a.m. to 9 p.m. today and tomorrow with hopes of meeting demand. Volunteers including Opti Mrs and leaders Wayne Powers and Del Axtell will supervise. A new deposit card program debuts offering a $2 value for a $1 card.
SBE Inc. of Watsonville California filed for Chapter 11 bankruptcy after a creditor attempted to collect on its assets. The company markets marine two way radio telephones two way business radios and signaling devices.
Fuqua Industries Inc said it will sell its five broadcasting stations. The three TV outlets are VHF affiliates of American Broadcasting Co located in Evansville Indiana Columbus Georgia and Chattanooga.
This week's schedule at Marion Community Center includes multiple activities each day such as Lobber basketball at 8 a.m. today and Kirkswood macrame at 1 p.m. Sunday features Kirkwood pine cone wreath and dance lessons. Weekly repeats cover High School completion Headstart and various dance programs. Senior activities listed in Growing Older in Sunday's Gazette.
The Marion Afternoon Literary Department of the Marion Woman's Club gathers Monday at 12 45 p m at 590 Central Ave the home of Mrs Charles Tritle. Mrs Arnold Strom reviews The Melodeon. Also a note on Farmers State Want Bank drive up facility and December 2 9 5 admission details.
U S west north central states report a quiet market with very light offerings and trading. Supplies are light for next week's slaughter while demand remains moderate to good and the undertone is steady to fully steady at farm prices per pound for commercial flocks. Too few to report.
A caller requests a lost watch advertisement. Contact number 398 8234 for details and locating the missing timepiece.
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