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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 17, 1977
Page
11
New York stocks extended a decline with the Dow Jones average down 2.59 to 815.32, capping a weekly gain of 0.09. NYSE volume was 20.27 million as losers slightly outpaced gainers while the NYSE composite fell 0.07 to 51.61. Des Moines reports mixed meat trade with beef steady and pork prices rising in parts.
Iowa hog prices show slow to moderate trade with butchers firm to 50 higher. No 1-3 200-230 lb hogs sell around 43.00 to 45.00, other weight ranges quoted. Sow values up to 50 higher. receipts estimated at 60,000 with weekend and prior day figures noted. Soybeans and corn futures drift down then steady at Cedar Rapids processors.
New crop prices listed by Pro Farmer Grain Cedar Rapids include white corn at 3.15 and No 1 yellow soybeans for Jan at 5.78 and Dec at 5.805 Oats for new crop at 1.26. A 30 year ago note cites Gov. Robert Blue saying most Iowans favored reducing the state income tax.
A handwriting expert testifies the so called Mormon will of Howard Hughes was written by Hughes himself. Arnold Etman says the document matches Hughes exemplars and rules out forgery. Greenspun permits experts to examine 41 Hughes memos in court amid Watergate tied burglary history.
Linn-Mar High School instrumental and vocal music departments present a Christmas concert Sunday at 2 p m and Monday at 7 30 p m in the auditorium. Steve Colton directs the band and Byron Thompson directs the vocal groups with Sarah Gault assisting. Concert Band pieces include He Is Born Holiday for Bells arranged by Nowak and Christmas Waltz arranged by Lowden.
Ascension Lutheran Church announces two Christmas programs at 9 30 a m and 7 p m Sunday with the Ascensionaires quartet and children from preschool through sixth grade. Directing are Henkes Cook and Sutton. Birthday cake and coffee follow. Open House at St Joseph Catholic Church Sunday 1 4 p m for tours of church and rectory. Vespers at Marion High School 3 p m featuring mixed chorus and concert selections.
The Commerce Department reported November personal income up 0.9 percent to a seasonally adjusted annual rate of $1.60 trillion, the second largest rise since spring. Housing starts fell 5.4 percent in November but October had a 7.7 percent gain, keeping overall activity high for 1977. New orders rose 3.4 percent, while inventories grew only 0.4 percent in October.
The United Steelworkers strike in Minnesota and Michigan concludes after four months. About 18,000 miners and plant workers gain incentive pay for three quarters of members, with Inland Steel settlement approved 181-43. Most strikers return to work, leaving 4,500 still out.
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