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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 10, 1981
Page
17
The market recovered from prior free-fall with a mild Friday rally but volume remained lighter than the prior session. The Dow rose 2.99 to 968.69 as banks adjust prime rates and traders digest adviser cautions and lingering volatility.
The listings show stock prices expressed as multiples of last twelve months earnings, with quotas omitted except for designated W-shore lots traded in full. Prices reflect the ratio of latest earnings to share price, illustrating the price to earnings framework used.
UPI reports M1 A fell 2.3 billion and M1 B dropped 2.5 billion in the week ended December 31, signaling tighter money with bank reserves easing. Fed funds rate held near 20 percent while three month Treasuries and CDs declined. business loan demand rose 1.5 billion as major banks offset declines.
A recovery meeting for chronically nervous and former mental patients in the Cedar Rapids area is set for Wednesday at 7 30 p m at the First Presbyterian Church in Marion. The event is open to the public and information is available by calling 377 3263.
The Marion Community Center lists daily programs this week including basketball for Lillevig Thimsen McLeod and YMCA sessions, dance lessons from Diamond Square to Connell, and Learning Center and Headstart activities. Senior citizen events are in Sundays Gazette Growing Order.
Linn-Mar High School senior Vernon C. Fuller of Marion has received an admission offer to the United States Military Academy at West Point. He is the son of Mr and Mrs Gerald Fuller and will report for classes in July. Lyle Hughes at Schmitty's Barber Shop invites all customers on Saturdays.
An advertisement asks readers to promote the Junior Achievement Company newspaper with contact Mike Hayek at 364 4562. It notes the next edition will be distributed with the Gazette February title and lists other ads including hairdressers and a Kathy Mimm welcome offer, plus a Grand Ole Opry trip and Des Moines livestock market data.
Friday Cedar Rapids hog market prices held steady for 210 to 240 pound butchers and 550 pound packers with lighter hogs discounted. Sows priced at 36.50 to 37.50 for under 550 pounds and 36.50 for over 550. Sheep market quoted wool at 49 and shorn at 51 dollars.
Dividends for soybeans fall 4c on January to March crops and rise 6c on new crop while yellow corn slips 1c to 4c across several crops. Old crop oats steady, new crop oats down 10c. cedar rapids processors quote 2 30 pm Friday for deliveries and prices include oats old 2.26 and oats new 21.0.
The Marion Fire Department sponsors two three session CPR classes at the Fire Department beginning January 21. Additional classes run January 28 and February 4 with two times 9 to 11 a.m. and 1 to 3 p.m. Each class accepts ten participants with a $3 materials fee. Registration is via calling 377-8237.
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