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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 07, 1980
Page
24
United Press International reports NYSE and other market quotes with many named issuers including Exxon, Texaco, Dow components, Ampex and Avnet Inc. Readable figures show last prices, percentage changes and trading notes across Amex Boston Cincinnati NASD Midwest and Philadelphia markets.
United Press International provides a snapshot of Amex composite prices for selected stocks as of 11 20 am. The data lists numerous tickers with varied figures including Adobe Oil, Circlek, Dome Petro, Ford Canada, Hormel, Sysco, Syntex and others showing prices, gains, and percent changes in a rapid market update.
Standard and Poor's index figures for industrials utilities and nearby sectors show values like 119.49 14.95 50.11 12.41 with prior close 119.32 14.97 50.08 12.40. The brief quotes indicate modest shifts across categories in a steady session.
Washington reports the Commodity Futures Trading Commission unanimously ordered a two day halt on futures trading for wheat corn oats soybeans soybean meal and soybean oil to mitigate the impact of President Carter's partial grain embargo. The ban covers the Chicago Board of Trade Mid-America Exchange and the Kansas City and Minneapolis boards of trade.
Iowa hog trade shows slow to moderate demand with mostly steady butchers and sow prices. No. 1-2 200-230 lb hogs traded around 37.00 38.50, with other weight ranges listed. receipts estimated at 90,000. Midwest carrot meat trade notes fair beef and pork demand, with live cattle prices in the 104.00-104.25 range for steer and heifer beef, and various pork item prices and movements. Chicago Mercantile Exchange futures update noted.
The Cedar Rapids hog market held steady with weight based price spreads and specific ranges for butchers and packers from 200 to over 550 pounds. Sheep prices showed steady demand with shorn lambs at 64 to 66 dollars and wool lambs at 62 to 64 dollars. with 7 am to 10 am buying hours noted.
Chicago reports unchanged butter prices to delivery with grades 92 score Grade A at 129.00 to 131.33 and 93 score AA at 130.00 to 131.33. Egg prices to delivery remain flat. retail carton prices for Grade A extra large 66 to 68 cents, large 64 to 65 cents, medium 61 to 62 cents.
Miller Brewing Co. announced a record shipment of 35.7 million barrels for 1979, the 21st straight year of growth. The figure shows a 14.5 percent rise from 1978, and since 1972 total shipments have surged 566 percent from 5.3 million to 35.7 million barrels.
Gold prices jump in London and Zurich opening trading to about 645 dollars an ounce amid Afghan and Iranian tensions and Carter sanctions. Hong Kong briefly hits 677 dollars, while the dollar weakens against multiple currencies as the U.S. moves to cut grain shipments to the Soviet Union in retaliation for Afghanistan invasion.
A would be robber at Sam's Pizza on 1711 B Ave NW demanded money and claimed a gun. Cashier Amy Menke and two coworkers, Steve Wesbrook and Merritt Robertson, intervened when no gun was visible and restrained the suspect Lumir L Medulan, 19, who was arrested on a first degree robbery charge after officers found a prop in his pocket.
Kevin Leroy Marks 23 of 256 North View Place NE Cedar Rapids pleaded innocent to a Benton County charge of conspiracy to commit burglary in the second degree. He is accused of involvement in a Dec 6 Hawkbilt Co. burglary in Vinton. he was arrested Dec 8. Trial set for March 24 in Vinton. Harold Robinson ordered to pay 2443.78 plus interest to Foster Heating and Air Conditioning Inc. in Marion for services related to a new house construction. Ave. NW will chair Linn County Reagan for President campaign committee per Ronald Reagan state HQ in Des Moines. Youngs of Iowa Electric Light and Power Co. is a Linn County Republican Central Committee member. county vice chairs are Donald Fish, Charles Brolin, Dr. John R. Ferguson, Gary Leach, William Scott of Cedar Rapids, and George Evans of Marion.
Anna Lebrecht sues in Cedar Rapids federal court claiming injury from a swine flu vaccination given in Center Point in October 1976. She alleges negligence by the U.S. government as sponsor of the program and seeks $10,000. Her case joins several similar Iowa Northern District suits.
Orrie Waychoff reported to the Linn County Sheriff's Department that a rural Fairfax residence was burglarized Saturday. Items taken include guns and a television set valued at more than $2,260.
Rick Youngs, 40, of 3512 H, named in the notice. The brief item lists his initials and age as part of the public record.
After a slow start the market moved up before noon and stayed broadly higher as trading continued. The Dow rose to 835.15 up 6.31 with 1 772 issues on the NYSE and volume around 25 million shares at the three hour mark. Boeing led gains with a block trade boosting it to 57 a 2% rise. ASARCO and Benguet Con soared on mine operation news while major industrials mixed on Carter grain shipment news.
The Chisholms returns as a regular series on CBS with a two hour premiere on Saturday January 19. Robert Preston and Rosemary Harris star in the show tracing the Chisholm family's trek from Fort Laramie Wyoming to California after its prior miniseries run.
New York AP reports speech ability ties mainly to the brain's left hemisphere while readers are reminded to check the Classified antiques column daily for treasures.
President Carter signs a 1.5 billion loan guarantees bill for Chrysler with conditions. The guarantees depend on 462.5 million in wage concessions and 500 million in bank loans, plus a 243 million lost wages concession awaiting UAW approval. Locals from 184 UAW chapters will vote next Tuesday on endorsement.
At the Winnipeg Commodity Exchange trading continued as usual despite the U S Commodities Futures Trading Commission halting six commodities. Feed wheat futures were bid down the limit and traded between $137.20 for March and $128.00 for October.
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