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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 16, 1980
Page
18
The report presents scattered stock prices and indices with numerous garbled lines. It mentions the Dow Jones Stock Average and several company names, but legible details are limited and many entries are unreadable.
Stocks declined for a second straight session as the Federal Reserve raised rates and wholesale inflation rose to a five year high. The Dow fell 8.79 to 884.98, the NYSE index slipped 0.68, and overall trading slowed with 46.68 million shares on the Big Board.
Cedar Rapids grain prices fell for February and April soybean crops with modest declines for several corn futures while new crop prices held. White corn stayed steady versus Thursday. Omaha livestock quotes showed hog prices up and cattle and calves with limited trade and Monday estimates.
In Des Moines reporters note light demand across beef and pork markets with limited testing. Beef mainly in the 500-700 pound range shows no clear trend while pork items such as fresh loins picnics and Boston butts show uneven movement and price shifts across multiple weight classes.
Earl W. Haefner, 80, a Castalia native who spent 55 years in the automotive field and served in World War II, Korea, and the Korean conflict, died February 4 in Grand Junction Colorado. He was a retired army colonel and Chrysler Borg-Warner executive and author. Survivors include a Cedar Rapids sister Mrs Leonard Anderson. Burial was in Castalia. Missing papers in suede portfolio seek information call 365-4667 with substantial reward.
Des Moines livestock notes report very slow hog trading with light demand. Butchers steady to 50 higher, sows steady across weight classes. Estimated receipts 50,000 with Saturday 5,000, Thursday 77,000, and year-ago figures in the low tens of thousands. Parade society SAPADAPASO hosts Feb 17 meeting for St. Patrick's Day events.
A reader asks to place a lost watch advertisement. Contact the number 398-6234 to provide details and claim the item.
The Sun Monday notes a weekly mutual fund summary appearing in the Sunday financial pages. It highlights performance across funds and market movers driving portfolio changes for readers.
The Marion Community Center lists daily programs including basketball sessions, dances, open gym, and youth programs from Monday through Friday. Highlights include Amundson and Lubber basketball, McLeod party, Glade bluegrass, Diamond dance lessons, High School Completion, Headstart, baton lessons, and YMCA basketball with multiple times each day. A full senior citizen activity listing is in the Growing Order pages 14-150 of Sunday's Gazette.
Marion dog owners must purchase tags by March 1 with licenses $1 for male dogs and spayed females and $3 for unspayed females. Rabies vaccination certificate required. Pancake Breakfast Sunday 8 to 12 at Church of God near Marion airport. Adults 2.25, children 1.25. Nordman Jewelry ads. Farmers State Bank closed Monday Feb 18 for Washington's Birthday.
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