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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 15, 1979
Page
24
Legals section notes pages 9B for legal notices and 10 to 15B for want ads. No detailed items shown. content likely includes public notices, estate actions, bidding, and employment or sale listings across the referenced pages.
Composite stock prices from NYT powered by United Press International show Abbott to Exxon across several exchanges with last prices and changes. The report includes Dow Jones averages, Standard and Poor's indexes, and Midwest meat trade notes with noted price moves.
New York markets weakened as oil prices rose amid Iran uncertainty. The Dow slipped to 826.31, down 3.46 points, with the NYSE index at 55.23 and 11 cent drop in share price as declines outpaced advances 764 to 422 on about 12.2 million NYSE shares traded. Abu Dhabi and Qatar hiked oil prices by 7.2 percent, signaling broader OPEC action.
UPI notes unchanged Chicago bulk selling prices per USDA. Butter prices paid delivery remain 93 score 111.30 and 92 score 111.30. E99s prices paid unchanged. Retail carton prices for Grade A extra large 66-69, large 65-67, mediums 61-63.
The nation's industrial output rose by 0.1 percent in January, the smallest gain in a year as stormy weather disrupted utilities, mines, and factories. Coal and energy production fell, car and steel output declined, yet construction supplies remained strong and no downturn signs appeared yet.
Shell Oil Co says it is giving up on the Baltimore Canyon after three dry wells near the New Jersey Delaware coast. The area was viewed as a major Northeastern gas source with about 13.5 trillion cubic feet of gas and some oil potential. Shell and partners spent about 200 million dollars with only two minor gas traces found.
Cedar Rapids hog prices were steady to 50c higher for packers up to 550 lb and sows. butcher market 200-230 lb at 54.00-54.50, and packers 550 lb and sows above 550 lb near 46-47. A new telephone number 398-5966 and weight-based discounts for butchers and packers were noted. Omaha livestock totals show higher hogs, steady to weak cattle, with Friday receipts estimated.
Iowa dealers oppose voluntary Sunday shutdowns and push for nationwide or broader restrictions to curb gas use. Al Dalziel of Cedar Rapids notes service stations only would not suffice, urging inclusion of all retailers and possible allocation measures, with current rules suspended due to ample supply and high allocations.
A shareholder group including Sister Mary Luke Tobin of Denver will propose Rockwell International form a committee to review Rocky Flats operations and consider not renewing its DOE contract next year. Activists warn of radiation risks near the plant as a UC Medical School study notes plutonium in nearby residents.
DETROIT AP Higher new car sales by General Motors and Ford offset a drop at Chrysler and enabled the Big Three to post early February gains. GM reported 129,363 sales in the first 10 days, up 22.6 percent. Ford sold 56,294, up 10 percent. Chrysler deliveries fell 3.1 percent to 22,109. Total Big Three orders reached 207,766, above last year's 179,523.
Des Moines receipts 50 000. hogs slow and prices up 1.00 for some weights while sows hold steady. Grain futures show steady soybeans and corn with February to new-crop prices and Cedar Rapids processor quotes. Joliet hogs light trade with firm to steady values. cattle sales insufficient to establish market ahead of Friday estimates. Chicago grain bids include wheat at 3.36 to 3.49, corn around 2.39 to 2.43, oats near 1.46 to 1.52, soybeans about 7.42 to 7.62 per bushel.
On Wednesday at the YWCA the North South pair Ron Livingston with Royce McCray took first place, followed by Gus Schrader and Jay Hesser in second. East West winners were Arvind Dandekar with Sudhakar Divakarani in first, while Bruce Cuth bertson and Bruce Thiher finished second. The next game is scheduled for Wednesday at 7 30 PM at the YWCA.
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