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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 07, 1976
Page
5
The Dow Jones average slid 9.91 to 954.90 as profit taking intensified. Volume stayed heavy by normal standards but lagged the prior two sessions, with market nerves high after January's record gains and a failed bid to remove price controls on natural gas.
Chicago price action shows corn up to 44 cents, soybeans mixed near unchanged, and wheat edging 2 to 3 cents higher as traders reallocate on Friday. Reporting notes spreads, livestock market prose, and commodity quotes from March contracts amid a choppy session.
Safety Commissioner Ed Colton announced plans to form a citizens advisory traffic committee. He expects to name 10 to 12 members next week and urged interested residents to contact his office.
A reader with $1,000 on hand and $120 monthly asks which investments are safest and most profitable over 25 years. The column urges focusing on growth through sound stocks and healthy savings, warns against relying on tax exempt bonds or T bills, and discusses inflation hedges, emergency funds, and diversification including growth stocks and municipal bond tax exemptions.
Des Moines UPI reports Friday livestock trading showing slow activity and moderate demand. Butchers were 25 to 50 cents higher than Thursday with varied quotes by weight bands from No 1 3 200 to 240 pounds up to 50.50 and 230 250 pounds around 44 to 45. receipts estimated at 40,000, down from prior periods.
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