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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 01, 1979
Page
20
A late morning United Press International composite shows Abbott Aetna Allied Chem Boeing and Dow components among many names with varied price earnings, last sale, and dividends. The table lists dozens of firms across markets plus footnotes explaining composite sources and dividend terms.
Amex stocks show nationwide composite prices for selected shares as of 11 20 a m NYT report from United Press International.
Standard and Poor's hourly index figures show a general movement across sectors for Thursday. Utilities and industrials provide notable shifts with prev close values recorded as 111.32 for the overall index and sector readings including 13.3 and 11.6 in utilities and other groups.
In New York trading, concerns over a possible civil conflict in Iran pressured markets. The Dow fell to 837.31 while the NYSE index dipped to 55.80 as 798 stocks declined to 426 gainers. Grain futures in Cedar Rapids showed mixed moves with soybeans and corn mostly down. Continuous updates noted commodities prices and dollar totals for futures delivery.
The Cedar Rapids market showed steady bids for hogs and packers up to 550 pounds with various price bands for different weights and grades. Cattle saw top steer prices at 61 to 63 dollars per hundred weight and heifers 59 to 62 dollars. lamb prices ranged 67 to 74 dollars for wool and shorn lambs, with broader market notes from Des Moines on steady undertones and egg price ranges.
The Interstate Commerce Commission approved a 5.75 percent fare and freight rate increase for interstate bus services effective today, excluding commuter fares. Railcar storage charges also rise: $20 daily for four days, $30 for two days, then $60 daily thereafter, changing from previous $10 to $30 bands.
Iowa Job Service reports the December jobless rate at 4.2 percent, up from 3.1 percent in November 1978. Officials cite normal seasonal rise with weather possibly to blame, totaling about 58,400 unemployed. A 24 year old Cedar Rapids man is noted as a fugitive from Missouri.
About 26 people were imprisoned in a Des Moines Cedar Rapids heroin distribution conspiracy. Judge William C Hanson imposed two to four year terms plus three years on parole for most defendants. Key figures included Clifford Claude Hobbs and Mabel Woods with ten and five years respectively. Corby Powell Kidd had charges dropped due to health. Pamela Collins faces ongoing charges.
U S livestock report shows hogs up 50 to 75 cents at Omaha with 200 to 260 lb ranges around 54.50 to 54.00 and heavier hogs steady to lower. Cattle and calves count 800 head with steers and heifers mostly lower while cows gain up to 50. Prime and choice steers around 64.50 for 1175 lb, heifers 61.25 to 62.65. Estimated Friday receipts include cattle 1,400 and hogs 3,000 for auction.
CURE Citizens United for Responsible Energy schedules a Friday 10 30 a m meeting in the Governor's Room Iowa Hall Kirkwood Community College for those planning solar workshops. Several small ads list services sales events and contact numbers across Iowa City including hit and run inquiry and local classes tours tuxedos jewelry and antique shows with addresses and phone references.
MCA Inc. agrees to acquire ABC Records after ABC posted a 1977 operating loss of 29.8 million dollars. MCA will immediately assume manufacture and distribution of ABC records and tapes, with regulatory approval still needed. ABC is a division of American Broadcasting Companies Inc. and had distribution through independents.
Beverly Ann Mulholland, 28, of 211 31st St Drive SE, was arrested at a northwest Cedar Rapids grocer on fourth degree theft and later charged with interfering with official acts after providing a false name and address. She is held in Linn County Jail. William C. Warner, 19, of 2150 Edgewood Road NW, was arrested for third degree theft in connection with a report from D and E Distributing. He posted cash bond and was released.
The piece notes livestock futures context from 30 years ago as the Truman administration opposed broad pensions for all veterans. It contrasts market activity with policy debate shaping veterans benefits discourse.
Livestock desk reports hog trade slow with demand ranging from moderate to good. Butchers steady to 50 cents higher, sows unchanged. No. 1 2 hogs 200 230 lb mostly 52.00 53.00, 230 250 lb 51.25 53.00, 250 270 lb 50.25 52.50, 270 300 lb 48.00 51.00, No. 1 3 300 600 lb sows 44.00 46.50.
On Wednesday at the YWCA, North-south Diane Vinquist with Richard Golembiewski won first place and Virginia Stamy with Lou Harrington took second. East-west winners were Bruce Thiher and Ken Hixon first, Clyde Nowlin and Dave Cray second. Next game at 7:30 p.m. Wednesday at the YWCA.
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