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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jan 03, 1978

Page

15

New York stocks and prices summary from UPI data

Selected composite prices as of 10 30 a m New York time from United Press International list broad market movers Abbotts AlliedChem AmAirlines Ampex Corning and many others with last trade and percentage changes. The listing includes standard and Poor s index levels and Amex stocks for comparison.

United Press International Abbotts Ogyee J Aliston Sieies AlliedChm Asorco Avnetine Sa BobWil Bokerint Bonkom BeotFds Beckmn Bell Hwi Bendix Block&d Ing Co BoiseCo Lao Borg W BostEd Broniff OW BriggsSt Runswk Ucyrus Vv Bank Romo Burlind Va BuriNo Burroughs Ome Camp Ban Bays Save Ia Ae CBS Sata Ore &Poor's Indexes New York UPI Standard & Poor Adobe Oil Austral Oil Brewerc Co Va Col Comptr Carntn Petr Gian Vikerty

Stocks Open Year With Steep Decline On Weak Dollar

The New York market opened the year with a sharp drop as the dollar weakness spurred selling. The Dow fell 8.32 to 220.85 at noon, while the Big Board index slipped to 52.08 and the American Exchange index dropped to 127.40. Volume reached 7.83 million on the NYSE. Southern Co. traded 120,000 shares at unchanged 17 percent, the most active NYSE issue.

New York Wall NYSE

Independence sale signs change hands to Des Moines group

Independence Newspapers and the Ao County Reminder are sold to Community Publishing Inc., a Des Moines Register and Tribune Co. subsidiary. Transfer effective March 1, with ownership of the papers by Pinicon Publishing since 1973. Oechslin to remain editor and publisher in the new firm as expansion plans loom.

Independence Pinicon Publishing Co Independence Newspapers Buchanan County Reminder Community Publishing Inc Des Moines Register and Tribune Co Des Moines Register Tribune David Kruidenier R.M. Westerfield West Union Pinicon Pinicon Publishing Ao County Reminder Russell S. Oechslin Oechslin Westerfield

Cedar Rapids hog and sheep market shifts and dairy eggs

Cedar Rapids Tuesday hog market ended $1 lower on butchers and $0.50 lower on sows with ranges for 200 to 230 lb butchers at $41.00 to $41.75 and 300 lb sows at $34.00 to $34.50. Sheep market held steady from $60 to $62 for lambs and $55 to $60 for wool lambs with 105 lb plus lambs discounted. Iowa egg prices edged down a few cents while demand stayed fair and stockpiles rose. Livestock receipts in Joliet showed hogs $1 lower and cattle mixed, with steers and heifers strong on high grades and cows weaker.

Des Moines UPI Omaha (Ap USDA U.S Webster City Midwest Cedar Rapids Lowa Farm Federal State Market News Service Wilson Foods

Tax shelters in real estate and beyond

John Loughlin of Merrill Lynch explains three tax shelter factors for real estate including leverage, deductibility of loan interest and taxes, and depreciation based on total project cost. He notes real estate can hedge inflation and mentions timber and mineral investments as other options while stressing risk and regulatory checks. Sam Shulsky invites reader questions and directs inquiries to The Gazette.

John Loughlin Merrill Lynch Pierce Fenner & Smith IRS

Loewi seeks dismissal of investor suit in federal court

Loewi and Co. Inc. asks Cedar Rapids federal court to drop a complaint by George Villers claiming a $19 999.99 loss from investments made between November 1972 and February 1973. Villers seeks NYSE arbitration. Loewi argues the claim is time barred and requests dismissal of arbitration.

Loewi and Co. Inc U.S Cedar Rapids George Villers 29Th St. NE Loewi Villers New York Stock Exchange

Career Opportunities In the Classified Job Directory Daily

A compact listing highlights employment openings across industries. Readers find positions in business services retail and manufacturing with details on application methods and deadlines.

Also Mentioned on This Page

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