Stocks advance in narrow gains amid lateral market drift
The Dow rose to 980.89 at 2 p.m. after an early 8 point lead, with a 2 to 1 NYSE advancer advantage eroding to about 7 to 6. Analysts warn the market is in a lateral phase with 20 point swings likely to persist for weeks. International Utilities spiked to 25 on heavy 181000 share block. Curtiss-Wright remains in focus for North American rights.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Larry Wachtel
Bache & Co
International Utilities
Curtiss-Wright
Market Movers Report On Rotary Engines And Tech Stocks
Towa Interest Wankel rotary engine trades ahead to 305s with third most activity. Polaroid rises 1%4 to 125'2 amid upbeat first quarter outlook due to dollar devaluation. Universal Oil Products climbs after improved Q4 earnings. Adobe Corp. slips 1%s to 15 after a Texas exploratory well test data issue.
MENTIONED IN THIS ARTICLE
Polaroid
Universal Oil Products
American Stock Exchange
Adobe Corp
Adode
Texas
Cedar Rapids Hog and Sheep Market Report Tuesday Update
Cedar Rapids hog market shows steady prices with 200-230 lb butchers at 35.75 to 36.25 and 300 lb plus sows at 30.00 to 30.25. Butchers over 230 lb get price reductions per added 10 lb. packers cut 25 to 75 cents by weight. Sheep show Prime lambs 32.00 to 35.00. poultry varies by breed and size. Des Moines interior market notes steady to higher butchers, with 200-230 lb at 36.00-37.00 and sow ranges 30.00-31.50. Daily and weekly totals given for volume.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Des Moines
UPI
Iowa
Minnesota
U.S
Beans Lose Early Gains
Chicago soybeans rose briefly as trading limits moved to 15 cents but selling eroded most gains. New crop soybeans closed at limit down while nearby March wheat and corn showed early strength before retreating. oats posted a small gain. Soybeans ended down from 15 cent limit with March 6.01. Wheat at 3 4 higher, corn up 42 cents, oats up a fraction.
MENTIONED IN THIS ARTICLE
Chicago
March Wheat
Hog market notes rise in prices for butchers and sows
Butchers increased 25 cents and sows 25 cents. Packing plant delivery No. 2 lists butchers at 200 to 230 pounds from 36.00 to 36.50 dollars and No. 2 sows around 300 pounds from 30.00 to 30.50 dollars.
Sioux City Livestock Market Report
UPI notes hogs 7,500 head with butcher and sow prices steady to modestly higher. U S 1 3 190-250 lb butchers at 37 00. U S 1-3 350-600 lb sows around 31 50. Cattle 3,000 head with calves none. Slaughter steers and heifers steady to 25 cents higher. choice slaughter steers 1 050-1 200 pounds 43 25-44 25. choice slaughter heifers 850-1 075 pounds 42 25-43 00.
MENTIONED IN THIS ARTICLE
Sioux City Livestock
Sioux City
UPI
U.S
Webster City Livestock Prices Report
Central Iowa hogs and cattle quotes show steady to higher shifts with top hogs around 42.25 to 42.50 and butchers near 37.00. Slaughter hogs trade near 39.00 to 41.50, sows up to 32.00, and cattle estimates nearby with 300 head cattle and 1,000 hogs noted for the day.
MENTIONED IN THIS ARTICLE
Webster City Livestock Ebster City
Central
Iowa
Ednesday
Postville Market Prices For Beef Cattle Report
Postville market Tuesday quoted prim steers 41.00 to 42.00, grain steers 42.00, utility cows 16.00 to 31.00, canner and canner cows 25.00 to 30.00, bulls.
MENTIONED IN THIS ARTICLE
Postville
Unscrupulous Market Report From Omaha Trade Day
Omaha market notes show hogs 5 500 head with varied weights trading mostly steady to higher and sows lifting 25. Cattle and calves number 5 000 with steers and heifers steady to strong and cows up 25 50. High end loads quoted 1 150 44 50 and feeder lots around 46 50 for 600 lb heifers. Ironed numbers reflect mixed quality and muddy lots with prime and high choice present.
MENTIONED IN THIS ARTICLE
Omaha
UPI
Ond Choice
New York Produce Prices Reported by AP USDA
Wholesale selling prices for fresh produce in New York are listed with varying quality levels. Adequate demand is noted for both bulk and large white onions and other items, with prices reported per dozen and per hundredweight across categories.
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YORK
USDA
Celiver
Oelwein School Superintendent Fired by Board Vote
OELWEIN The Oelwein Community School Board fired Superintendent Art Sensor on a 5 to 2 vote in executive session. Sensor said the firing came as a shock after ten years, citing conflicts with new board members and alleged pressure to resign.
MENTIONED IN THIS ARTICLE
Oelwein
Oelwein Community School
Art Sensor
Sensor
Stanley
Juveniles Charged in Riverside APCO Break-In
Two Cedar Rapids juveniles aged 15 and 16 faced breaking and entering charges after a Saturday night break-in at the Riverside APCO station on 1100 C Street SW. Police say they broke a rear window and stole a small amount of change and cigarettes.
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Cedar Rapids
Riverside Apco
C Street
Youth Bureau
Charges Against Linn-Mar Board Officer Dropped
Linn-Mar School board president Ward Brimmer had charges of fusing school facilities and open meetings violations dismissed in municipal court. Judge Anthony Scolaro ruled there was insufficient evidence a meeting occurred on Oct. 13 and that Brimmer acted in his official capacity during a press conference at Linn-Mar junior high. The case stemmed from a disputed Oct. 13 meeting and Oct. 19 quiet press briefing about district budget details.
MENTIONED IN THIS ARTICLE
Ward Brimmer
Crandall Drive
Anthony Scolaro
Scolaro
Brimmer
Linn-Mar
Don Thomas
Marion
Linn-Mar Board
Thomas
Des Moines
Two Greenhouses to Be Torn Down in Bever Park
Parks Commissioner Stan Reinis urged demolition of two of three greenhouse structures in Bever park due to rusted beams and sagging roofs. The city council is expected to approve, with Melvin Kuba offering 110 for the glass and to demolish, insure, and clean debris. The greenhouses date about 70 years old, while a new Noelridge park complex opened two years ago.
MENTIONED IN THIS ARTICLE
Stan Reinis
Bever Park
Reinis
Melvin Kuba
Noelridge Park
Nixon Signs Bill Naming Space Center for Johnson
President Nixon signed legislation naming Houston's Manned Spacecraft Center the Lyndon B. Johnson Space Center. He praised Lyndon B. Johnson for advancing America toward the moon, noting Johnson's influence and his death.
MENTIONED IN THIS ARTICLE
Nixon
Bill On Space Center
Key Biscayne, Fla
Manned Spacecraft Center
Houston
Texas
Lyndon B. Johnson Space Center
Lyndon Johnson
America
Senate
Police Chief Quits in West Union
Police Chief Ron Hilsenbeck resigned Monday to pursue full time farming. No successor has been named yet.
MENTIONED IN THIS ARTICLE
West Union
Ron Hilsenbeck
Hilsenbeck
$48 Million Suit Against Loan Firms
A class action filed in Des Moines federal court seeks 48 million dollars from 56 loan companies and 135 small loan chains alleging illegal extra interest over seven years under the Rule of 78s. Plaintiffs Fred and Edna Fisher name 360 Iowa licensees. records and damages totaling 42 million plus 6 million in damages are sought.
MENTIONED IN THIS ARTICLE
Des Moines
U.S
Fred
Edna Fisher
Iowa City
Robert Ray
Richard Turner
Oliver Hansen
Iowa Banking Department
Iowa
Boy Struck by Car Breaks Leg in Hiawatha Traffic
A 13 year old boy, Robert Marks, suffered a broken leg when he ran from between stopped cars into a vehicle driven by Jean Lynch at Forty second Street and Center Point Road NE. He was hospitalized at St Luke's. No charges were filed.
MENTIONED IN THIS ARTICLE
Hiawatha
Forty-second Street
Center Point Road
Robert Marks
Jean Lynch
Launck Drive
Marion
St. Luke’s
Darrell Marks
London Police In Shootout at Indian High Commission
Three masked intruders invaded the Indian High Commission in London. Two attackers were killed and the third wounded and captured as British police engaged in a hallway shootout. A police officer, an Indian official, and two bystanders received injuries but were treated for shock.
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London
High ‘Commission
Scotland Yard
Yard
India House
British Commonwealth
M. Rascotra
Solons seek ban on gas station beer permits
DES MOINES—A bill to prohibit class C beer permits for service stations is being drafted by State Reps James Wells and James Jordan. Wells notes Cedar Rapids council opposition and expects backing from Waterloo and Ames councils that have likewise refused permits.
MENTIONED IN THIS ARTICLE
Des Moines
James Wells
Cedar Rapids
James Jordan
Marion
Wells
House
Waterloo
Ames
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