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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 08, 1978
Page
22
A late morning snapshot shows United Press sourced figures from NYT listing diverse tickers with mixed movements across industries. Notable entries include American brands like Chrysler Coca-Cola Colgate and Exxon along with financials Citicorp and Dow components reflecting a broad market tilt.
United Press International wraps a terse market note with tickers and figures including percent changes and price figures. It lists values like 816.27 and 101.352 and notes minor shifts in several categories.
Standard and Poor's hourly index figures for New York show the Prev. close at 107.8 with utilities and trans components listed. The record notes values around 107.75 and a minor move of 0.13 in later trading, reflecting modest shifts in market indices.
UPI reports Wall Street fell as civil unrest in Iran unsettled markets. Dow slipped to 811.24 with declines outpacing advances while NYSE index and share prices edged lower amid mixed job signals and Tehran related tensions. Midwest beef and pork markets showed slow trade and mixed prices with no strong trend.
The Cedar Rapids hog market rose 25c on butchers and stayed steady on packers with 200 to 230 lb butchers at 49.00 to 49.50. Sows 39.50 to 40.25 under 550 lbs and 37.50 to 38.00 over 550 lbs. Weight-based reductions apply for heavier hogs. The Cedar Rapids sheep market held steady with lambs quoted at 59.00 to 61.00 for shorn and 57.00 to 59.00 for wool lambs, with 105 lb plus lambs discounted. Futures trading noted for Chicago Mercantile Exchange.
Dividends on December January and February soybean prices fell 6 to 5 cents while yellow corn slipped 0.5 cents on December through February crops at Cedar Rapids processors. White corn and oats held steady. prices listed for 10:00 am Friday delivery. In Des Moines, market News notes a steady to firm undertone with light activity and uneven supplies for next week.
Iowa hog bids show slower trade with steady to higher butchers. various weight classes quoted from 45.00 to 51.00 while sows run 39.00 to 41.00. Egg prices rise modestly as demand stays strong. farm eggs largely unchanged. Chicago grain futures list wheat at 3.57 to 3.74, corn around 2.32, soybeans near 6.79.
The U S dollar eased modestly in world markets while gold gained above 200 dollars an ounce. Morning quotes show Frankfurt at 1.9137 marks, Zurich 1.7025 Swiss francs, Paris 4.3925 francs, Amsterdam 2.0750 guilders, and London at 1.9523 dollars per pound. Tokyo yen traded at 198.65. Italy observed a market holiday with closures.
Sen. John Culver urges SALT II ratification as he outlines potential casualties from a limited nuclear attack. He cites OTA projections of 3 to 22 million American deaths and widespread fallout harming Iowa and the Midwest, calling for arms control and cautioning against misperceived war recoverability.
Webster City livestock reports hog trade active and demand good with higher prices for light butchers and sows. cattle none. Chicago quotes USDA bulk selling prices show butter unchanged at 123.50 to 124.00 for 93 score, eggs to retailers with Grade A cartons in the 71 to 75 cent range for large and extra large. Local news note highlights Cedar Rapids Gazette positioning.
The estate of 24 year old Patricia Ann Nordman files a $100000 petition in Linn District Court against Good News Baptist Church and driver Robert Eugene Mittan over a June 4 Cedar Rapids crash. The suit alleges Mittan failed to yield as the church bus pulled from Ellis Boulevard NW onto Edgewood Road in front of Nordman’s northbound car.
Two men armed with a shotgun robbed the CID tavern at 1616 Ninth St SE, firing shots that struck a person on the ear. They took tavern receipts and cash from patrons, fled, and police described them as white men of medium height and build. Investigation continues.
A Thursday charity game at the church will feature Margaret Blencoe and Vi Schenken winning first prize in the Howell movement. Thelma Zeman and Bill Jennings held second while Lorraine Golembiewski and George Kanellis took third.
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