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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 29, 1978
Page
17
Composite price table from New York at 10 30 a.m. lists Abbott Lat to ZenithRad with many tickers including Air Prod Alcan AmCan Boeing CocaCola Exxon and more. Details cover last price change and P E ratios across eight markets plus footnotes on dividends and market identifications.
Chapter of stock quotes from United Press International Sales Net PE shows prices for companies such as Adobe Oil, Ve Banister, CrownC, Ford Can, Hormel, Husky Oil, Kaiserind, LoewsTh, Syntex, Teleflex and US Filter. The list includes last prices and percentage changes across multiple tickers.
On this date in 1941 Japanese invaders closed in on Manila as the Philippines faced mounting pressure. The Dow Jones averages and notable stock figures are provided in United Press International data lines for industrials and rail, reflecting market activity alongside the historical note.
Stock markets showed a cautious tone as economy signals mixed and concern over Iran’s conflict lingered. Turnover on the year’s final trading day was moderate with the Dow edging up 0.08 to 806.04 as NYSE and ASE displayed mixed advances and declines.
In Iowa City the Friends of the University of Iowa Libraries announce a new book compiling Civil War letters by Joseph F. Culver great grandfather of Senator John C. Culver. Titled Your affectionate husband J F Culver the collection derives its name from his signing at the battlefront. Culver enlisted in the Union Army from Pontiac Illinois.
Futures trading on the Chicago Mercantile Exchange Friday featured attention to dividends furnished by First Mid-America. Traders watched price movements as investors weighed bank stock yield signals and market momentum.
Friday market notes show hogs 2000 head with barrows and gilts 25 to 50 higher, prices 49.50 to 50.75 for 200-240 lb and 46.50 to 49.50 for 240-270 lb. Sows steady, 42.00 to 43.00. Cattle and calves 500 with limited test. utilities 43.00 to 45.50, some 46.00. cutters 40.00 to 43.00. Estimated Tuesday receipts hogs 5,000, cattle and calves unknown.
The NHTSA announced a recall of more than 28,000 Renault automobiles built 1976 to 1978 to modify their throttle return systems. Only the model 5 Le Car will have rear turn signal lenses replaced due to amber fading from long exposure to the elements.
The dollar rose to 195.05 yen in Tokyo and fell in European markets as year end demand and currency losses shaped trading. Gold rose with Zurich and London quotes around 225. In London the dollar slipped to about 2.0330 pounds against the dollar.
Phillip Morris Inc will lift wholesale prices on Marlboro, Benson & Hedges, Virginia Slims, Parliament, Alpine and Merit by about a penny or two per pack. Spokesman Bob Ryan cited rising costs of tobacco, labor, and general business expenses as drivers of the increase.
The federal minimum wage increases from 2.65 to 2.90 per hour on January 1, boosting weekly pay for a 40 hour week from 106 to 116 dollars. The change follows a 1977 law phasing to 3.10 in 1980 and 3.35 in 1981, with smaller businesses exempt if sales are under 275,000 dollars.
In a Thursday Kenwood Park Presbyterian Church event, north-south champions were Margaret Blencoe and Lydia Leipold with first place, followed by Mrs. Thomas Mullin and Bill Jennings second. East-west winners were Lou Harrington and Clyde Nowlin first, with Mr. and Mrs. David Morgan second. Overall victors were Mrs. Blencoe and Mrs. Leipold. Next game Thursday noon at the church.
US market data from Sioux City and Cedar Rapids Friday show hogs at 4 000 head with barrows and gilts active and firm to 25 higher, sows up to 50 higher, and cattle trading mixed with steers and heifers in the 54 to 56.50 range. Cedar Rapids reports lower butcher prices and steady sheep with lambs quoted at 45 to 68 dollars for shorn and 60 to 65 for wool lambs.
Soybeans advanced 20 cents on January February March and new crop contracts while yellow corn held steady for the same months. White corn and oats were unchanged from Thursday. Prices shown for Cedar Rapids processors at 10 00 a m Friday include No 2 corn January 2 105 February 2 115 March 2 125 new crop 2 17 white corn January no 2 yellow soybeans January 6 505 February 6 625 March 6 655 new crop 6 345 oats old crop 1 51 Pro Former Grain Cedar Rapids provided the quotes.
UPI notes USDA prices Friday in Chicago show butter steady at 111.30 for 93 and 92 scores. Egg prices to retailers remain unchanged with Grade A cartons: extra large 71 to 74, large 70 to 72, mediums 67 to 69.
The Federal State Market News Service notes light demand in the west north central states with adequate to short supplies and light trading. Slaughter plants run part time while January bookings are moderately heavy. Egg prices vary by grade from Grade A 2.56 to 0.56 dollars per dozen for producers, and farm eggs range 20 to 52 cents per dozen depending on size and quality.
Chicago cash grain quotes show Wheat No 2 hard red winter at 3.40 2n and No 2 soft red winter at 3.70 2n. Corn No 2 yellow 2.29n hopper and 2.20n box. Oats No 2 heavy 1.37an. Soybeans No 1 yellow 6.75n. Tee-2 yellow corn Friday quoted 2.29 2n hopper and 2.22 2n ix.
UPI reports slower beef and pork trades in the Midwest. Demand is fair to light with mixed gains and steady to higher prices for select cuts including Holstein steer beef, choice heifer beef, pork loins and various weight ranges of skinned hams and bellies.
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