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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 02, 1980
Page
13
A comprehensive snapshot of composite stock prices with numerous named companies and figures from the NYSE and related markets. Includes Abbot Lab Exxon DuPont Tobacco Co Halliburton and others with price movements and dividend notes.
Stocks listed include AdobeOil Petrot Banister BradRo Kaiser SyscoSysco Syntex and others with prices, net sales, earnings per share, and percent changes. The data shows varied gains and losses across multiple companies, reflecting market swings at 3 p.m. NYT time.
Oil issues rebounded from selling pressure to drive a late stock market rally on Friday. The Dow rose 5.63 to 881.48, posting a weekly gain of 5.37 percent as volume fell on the NYSE to 46.61 million shares. The American Stock Exchange index climbed to 277.57.
In today’s Iowa items violinist Jascha Heifetz reaches 79 years and actress Farrah Fawcett turns 33. Both notes reflect their enduring public profiles in this year’s birthday roundup.
Des Moines and Sioux City reports show slower hog trade with mixed demand and steady to lower prices across weight classes. Cedar Rapids grain values edge up for new crops while old crop soybeans and corn show modest changes. Butter and egg quotes from Chicago and USDA reflect slight shifts in dairy and poultry markets.
Life Investors Inc. reports record operating earnings of 16.1 million for 1979, up 25 percent from 1978. The firm also closes sale of 700,000 shares of authorized common stock to AGO Holding N.V. of the Netherlands, part of a 1 million share issue at 35 dollars each.
New York and American Stock Exchanges open briefly to clear paperwork from the peak period. Janus month volume at the NYSE reached 1,158,476,650 shares while Amex turnover totaled 205,981,860.
Futures trading on the Chicago Board of Trade opened Friday with early activity in livestock contracts. Prices and quotes were mixed as traders monitored grain trends and demand signals for live cattle and hogs.
Clyde J. Griffin and David Griffin of Cedar Rapids sue James I. Carroll and Doc Inc. in Linn District Court over the 225 K Ave NW World of Cypress sale. They claim Carroll breached the contract by not providing 80 hours monthly sales aid and failing to advance manufacturing, damaging sales and reputation. Damages sought total 1.08 million including punitive.
In a column praising local classifieds, readers note that Gazette ads reliably reach buyers and renters. The piece highlights examples of successful postings and the broad reach of the newspaper’s classified section.
Quaker Oats Co reports a 14 percent rise in fiscal Q2 earnings to 21.9 million dollars, 1.05 a share, on 608.3 million dollars in sales for the quarter. First-half results show 45.9 million dollars, 2.20 per share, with Fisher-Price sales up 27 percent and International Grocery Products up 52 percent. Wheat and grain prices are listed in Chicago market notes.
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