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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 22, 1979
Page
23
United Press International notes at 10 30 a m New York stocks wide spread gains and losses across major issues. Abbott Alcoa Boeing Exxon Ford General Mills GTE and many others show varied prices with dividends and price earnings in focus as traders assess the dip and rally signals amidst a broad market snapshot.
United Press International reports nationwide composite prices for Amex equities as of 11 20 am with listed stocks including Adobe Oil Hormel and Ford Canada among others. Dow Jones and Standard & Poor's indexes are shown for the market snapshot with current values and daily changes.
The New York market edged lower amid grim inflation data and unrest in Iran and Vietnam. The Dow fell about 1.5 points to 832.98 around 1:15 p.m. EST while the NYSE index slipped 0.27 to 55.31 and 1,676 issues traded, with declines leading advances 741 to 462.
UPI notes hog trade slow with demand good and butchers mostly higher bids, sow prices steady to firm. receipts estimated at 60,000. Midwest carrot meat trade shows beef slow with mixed cattle cuts, pork demand light to fair, prices quoted for steer and heifer beef, skinned hams and bellies higher in spots.
On Thursday morning Cedar Rapids processors quoted futures for February March and April crops with snips in soybeans and corn. No 2 corn for February at 2.195 dollars March 2.205 April 2.25 new crop 2.295 white corn 2.78 new crop 2.87 yellow soybeans February 7.35 March 7.40 April 7.58 new 6.685 oats old crop 1.59. Pro Farmer Grain Cedar Rapids provided the quotes.
James N. Hamman 29 and Daniel W. Kenney 24 of 402 A Ave NW were held in Linn County Jail on second degree burglary and theft charges after a patrol stop at Third Street SW. A motorcycle hung from the car trunk had been reported stolen by Roy Karon of 1721 Chestnut Lane NE. Bennie J. Graw 52 filed a $100000 suit against Cedar Rapids and Linn County for false arrest in an arson case. a jury found him innocent on Aug 10, 1978. Eric B. Dickson, age and address not given, held on second degree burglary after entering Lori Lund’s residence at 334 14th St SE.
Sioux City livestock market update notes hogs active trading with hogs up 1.25 to 1.50, sows mostly steady to 50 lower. No 1-2 200-240 lb hogs at 57.00 to 57.25, No 1-3 350-650 lb sows 50.00 to 51.00. Cattle around 1,000 head.
The dollar held steady on world currency markets as gold traded around $250 an ounce. A London brokerage predicts $300 gold may come, with investors citing China Vietnam tensions and Middle East oil fears as price boosters. North and South Dakota split history noted for this date.
Cedar Rapids hog market was steady with butchers 53.50 to 54.00 for 200 to 230 lb, packers and sows by weight with losses by heavier classes. Cattle top steers 63 to 66 dollars per hundredweight. heifers 61 to 65. Sheep lambs 66 to 68 dollars for shorn, 64 to 46 for wool lambs. lambs over 105 pounds discounted. Eggs prices steady with grade and size variations.
The Duesenberg returns as a handmade prestige car from Mundelein, using Fleetwood Brougham parts and a Cadillac V eight, with a proposed production cap of 90 units annually. Kenneth and Harlan Duesenberg lead the project aiming for full production in two years.
Winners at the YWCA on Wednesday include North-South first place Tait Cummins and Pat Golden, second Clyde Nowlin and Richard Golembiewski. East-West winners are Lorraine Golembiewski and Mrs. Don Engel first, with Mr and Mrs. Joseph Stepanek second. Next game is Wednesday at 7:30 p.m. at the YWCA.
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