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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 08, 1977
Page
17
New York stocks closed higher as traders did cautious bargain hunting. The Dow Jones gained 3.24 to 983.13, while the NYSE composite edged up .04 and the American Market index rose .60, with volume slipping to 21.72 million shares.
UPI reports moderate trade and demand with cash hog prices softer for most cuts. No 1-3 200-230 lb hogs 37.25 to 38.50, 270-300 lb 32.00 to 36.00, sows steady to 50 higher, futures on the Chicago Mercantile Exchange with Friday activity and lives beef cattle futures noted.
The Cedar Rapids market showed lower hogs on the butcher side and steady sows. Friday’s quotes covered butcher weights 200-230 lb at 37.25 to 38.00, sows 300 lb at 30.00 to 30.50, with various weight-based offs for heavier hogs. cattle prices ranged from 23.00 to 37.50 for steers and 23.00 to 36.50 for heifers, plus yield grade deductions. Sheep prices included lambs 43.00 to 49.00 and wool lambs 43.00 to 47.00. Grain and frozen pork belly quotes, plus Des Moines meat trade details, complete the brief market snapshot.
Cedar Rapids speaker Dr. Melissa Farley will address the National Association of Social Workers on January 25 at 7 30 p m in McAuley Hall Mt. Mercy College discussing Bodywork and Group Psychotherapy The event is free and open to professionals.
Notices announce probate actions estate of Marie C and Murida Stuckenbruck Executors appointed to administer estates and claims due deadlines. Public hearings for conditional permits zoning adjustments and public sales noted with parties Warren Hobbs Bayne etc. Credits and administrator details listed with dates December 1976 January 1977 and public notices from Rapids and Dysart Iowa.
Chicago wheat futures fell on Friday as hedging driven selling erased a small early gain. Corn ended mixed while oats slipped about 1 percent and soybeans held a narrow range with an uneven tone. March wheat at 2.79, corn 2.61, oats 1.73, soybeans around 7.12.
Eighteen local Marycrest nursing class 1977 will be capped at a Sunday 2 p.m. ceremony in Holy Family church Davenport. The 16th Marycrest nursing degree class includes Rebecca Kramer Cedar Rapids Arlinda Hemesath Decorah Beth Schwendinger Epworth Cindy Rosenow Tipton Jeanette Wigim West Liberty speaker Louise Greensway head of psychiatric nursing will give remarks a reception follows in the Holy Family cafeteria gymnasium.
Government troops reported killing at least 30 Communist insurgents in fighting south of Bangkok with officials noting likely higher casualties. Military sources confirmed the 30 dead and said many more insurgents may have fallen in the southern provinces.
A reader discusses tax effects on retirement income and tax free options, exploring tax exempt municipal bonds versus corporate bonds and outlining two investor attitudes. It explains that bargains in stocks often appear in hindsight and examines how market sentiment and mispricing reveal value opportunities.
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