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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 26, 1981
Page
20
The Dow closes up 7.77 to 974.58 as the week gains total 38.49 points. Analysts cite optimism over Reagan’s economic plan while indicators show January’s data easing inflation and rate pressures. Market breadth favors advances 2 to 1 with 53.21 million shares traded on the NYSE.
Stocks listed on the New York Stock Exchange show varied results with notable gains and losses. Key names such as Abbott Labs and Exxon move, while Ford and General Electric reflect mixed performances amid daily market activity.
Market summary from Cedar Rapids shows soybeans steady for February and March, down 3c for April and May, up 1c for new crop. Yellow corn up 3c February/March, even on April/May, and steady on new crop. White corn and oats steady. Hog prices fall 50c for butchers 210-240 lb, packers up to 550 lb, steady above. Country and plant butchers 210-230 lb $40.00-$40.50. Sows 35.50-$36.50 up to 550 lb, 36.00 over. Lighter hogs 200-210 lb discounted 50c. Butchers 230-240 lb 25c off, 240-250 lb 50c more off, plus 75c per 10 lb over 250. Sheep steady. wool 52.00 shorn 54.00. Trading hours 7 to 10 a.m. Monday–Friday.
Hiawatha council approved plans for a new city hall designed by Olson Popa- Novak of Cedar Rapids. A bond referendum will fund the project with an election set for November 3.
Iowa Representative Tom Tauke asks the Second Coast Guard District in St. Louis to ban barges loaded with toxic chemicals and petroleum from the Marquette Prairie du Chien Bridge area. He cites March 9 traffic start and potential danger if a bridge collapse or debris collision endangers lives.
Four rooms in the First Presbyterian Church education wing at 310 Fifth St. SE may house about 26 percent of the adult Cedar Rapids Public Library collection for roughly five years. Books would be retrieved 1–2 times weekly, and the space would not be public.
The Gazette reports the closing stock list is not available because of technical issues. The latest available list is being published and the Gazette apologizes for any inconvenience.
Members of Grain Millers Local 10 at National Oats Co ratified a three year agreement covering about 200 production workers. It provides a 12.5 percent first year wage rise and 10 percent increases in years two and three, plus expanded dental coverage sickness benefits and better vacation and funeral leave. The pension rises to 15 dollars per month per year of service and retirees gain a 2500 dollar life policy and an additional paid holiday.
Cedar Rapids police arrested Charles R. Pierce 27 of 1134 Hubbard Ave NE at 4 15 in the 1700 block of Second St SW for DUI and disobedience to a stop sign. Raymond J. Alatalo 60 of 1364 38th St SE was taken into custody at 4 12 at Fifth Ave and Fifth St SE on DUI and disobedience to a traffic signal.
A group of west side parents will meet Wednesday at 7 p.m. at Wilson Junior High to discuss proposed school closings and plan for a public hearing with the school board March 9 at 7 30 p.m. at Jefferson High Cafeteria. Residents affected are urged to attend both meetings. For information contact Jerry Copeland at 365 4320.
The Emerald Knight Drum and Bugle Corps opens a two day overnight music camp at Prairie High School. Director Scott Schultz says this will be the final overnight session with drills planned in April. The group rehearses Sundays and Thursdays and starts its season June 7 at a Decorah tournament then aims for the Drum Corps International Tournament in Montreal in August.
AP notes Chicago market quotes for grain products: Wheat No 2 hard red winter 3.87n and No 2 soft red winter 4.17m. Corn No 2 yellow 3.47 4n hopper 3.37 4n box. Oats No 2 heavy 2.34n. Soybeans No 1 yellow 7.25n and No 2 yellow 7.25n. Thursday quotations also show corn 1.47? and 3.37? in hopper/box listings.
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