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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 06, 1978
Page
18
A broad list of NYSE share prices shows Abbott and Am Airlines among active performers with varied gains and declines. Investors weighed earnings signals and industry shifts as multiple blue chips and manufacturers posted mixed results amid fluctuating markets.
A Minnesota district jury ruled in favor of Steve Lastovitch against Ford Motor Co stating that a television commercial showing trucks enduring rough terrain acts as a warranty. The case centers on a four wheel drive pickup damaged during a hunting trip and whether ads imply a guarantee beyond written terms.
In Des Moines hogs sold steady to higher with No 1 3 200-230 lb butchers 47.00-48.50 and sows up to 50 higher. Webster City reported very active trade with No 1-3 200-240 lb hogs at 49.00-49.50 and cattle trading strong with 1 000-1 100 lb steers at 43.75-44.50. Chicago prices unchanged for eggs. Estimated receipts, Iowa hogs 90,000. exports and other region totals listed.
Executives of the Chicago Daily News and the Chicago Newspaper Guild convened to review several proposals to keep the financially strapped paper operating. Guild Executive Director Gerald Minkkinen offered optimism but withheld specific details, signaling cautious hope for Field Enterprises board members.
Police say a 17 year old male linked to about 60 break ins over the past year targeted west side residences for cash. Capt. Ralph Myers notes the largest haul was about $1,000 from a southwest side home as the youth acted alone or with others, often at 7 pm after knocking or ringing doors and waiting in a car. Police aim to secure psychiatric treatment.
Cedar Rapids police filed 393 charges and violations last week with 146 speeding charges against individuals, a rise in theft arrests, and multiple other offenses including burglaries assaults and drunk driving. Nineteen arrests involved juveniles and enforcement changes affected bad checks.
The noon Dow Jones average fell 3.20 to 767.76 as losses outweighed gains on the NYSE amid a slow session. The composite index slipped 0.13 to 49.59 while the AMEX market value index rose 0.04 to 122.82 with volume at 6.87 million shares in two hours.
The record enumerates eight markets including NYSE alternatives o-Amex b-Boston c-Cincinnati 9 NASD k-instinct block trading system p-Pacific u-Midwest x-Philadelphia with DIVIDENDS options and classifications. It defines SALES in hundreds, RATIO as price relative to earnings, and HIGH LOW markers for new highs or lows.
Iowa interest report notes futures trading on the Chicago Mercantile Exchange for frozen pork bellies on Monday. Prices and market moves are summarized for local readers following agricultural commodities and commodity markets.
The Cedar Rapids hog market Monday remained steady with bulk prices for 200 to 230 lb butchers at 46.50 to 47.00, 300 lb packing sows at 40.00 to 40.50, and various weight-based reductions up to 500 lb and beyond. Sheep prices were steady with shorn lambs 62.00 to 65.00 and wool lambs 58.00 to 62.00, with lambs over 105 lb discounted.
The Woman's Club results list Ruth Helm and Dick Moenk as north-south champions and Mrs K V Harrington with Bruce Thiher as runners up. East-west winners were Dick Nassif and Bill Jennings with Mr and Mrs Joseph Stepanek finishing second. The next event is the district charity pairs for the Mental Health Association at 7:30 Tuesday at the club. Also noted is a 20 years ago item about U S aid to Poland.
John B. McCusker offers careful interior painting with brush or roller. Free estimates provided and references available at 365-5440.
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