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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 11, 1976
Page
12
New York stock market edges higher on Friday led by gains in the Dow Jones average. Volume eases from Thursday with Morgan Guaranty Trust cutting prime lending rate and several big-name stocks helping lift the market amid broad market advances.
The readable text shows garbled phrases and stray numbers from a local ad page. Key names and places are unclear, but references to meats and pricing appear alongside scattered codes. This item resembles damaged classified snippets awaiting clearer transcription.
City briefs note a change from Sunday to Friday for the NAACP meeting at Boyd Community House 7240. Election of officers and a discussion on minority representation in Cedar Rapids police and airport areas are planned. Also includes varied local ads and notices from florists, gifts shops, and community groups with seasonal offerings and events.
On Friday farm futures fell across a broad Chi Waiga Board. Soybeans slipped about two tenths of a dollar per unit with January around 6.97 and near 25 points per bushel. Wheat and oats eased up to 1% with December prices near 2.64 and 143 lower for the year or session.
Livestock market notes from Des Moines indicate generally active trade with uneven demand. Hog prices ranged with No 1-3 200-230 lb quoted near 27.80 to 28.50, 270-400 lb around 25.50 to 27.50, and sow prices steady to down slightly, with various weight brackets listed and limited upside noted. Estimated receipts 60,000, actual sales Thursday about 93,000, year-ago 57,000.
The writer argues that growth stocks inherently carry more risk than dividend payers and cannot guarantee capital preservation. They caution against seeking a list of stocks offering maximum preservation, noting true safety lies in insured savings or treasuries, not in stock investments.
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