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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 16, 1978
Page
16
New York stocks show mixed activity with diverse price movements across many issues. The report lists numerous companies and their high, low, and closing figures, reflecting broad trading across utilities, industrials, and consumer firms.
Wall Street continued its decline as the Dow fell to 774.08 amid fears of tighter credit policy. Analysts cited rising interest rates and a potential Fed move, with Citicorp among the heaviest traded issues and NYSE downturn broadening across major indexes.
Des Moines reports moderate to good demand with steady to higher prices across hog weights and sows. Estimated receipts reach 90,000 while recent days show mixed slaughter quotients. notes also cover Midwest carrot meat trade, beef and pork trends, and regional grain prices from Chicago.
Cedar Rapids hog market rose 50 cents with butchers 44.00 to 44.50 per cwt and sows 35.50 to 36.50 while weights shift discounts up to 550 pounds. Wilson Foods observes MLK Jr. Day closures and adjusted hogs intake. Grain quotes show corn at 2.05 new crop and 2.03 old crop, white corn 3.35, soybeans 5.675 new crop, oats 1.29 both crops. Des Moines reports light activity and steady egg prices across farm markets.
A five year old boy named Shane Freese was struck by an unidentified driver at the Council and 40th streets NE intersection shortly before noon. He was taken to Mercy Hospital with a fractured leg and facial abrasions after darting from behind a parked car.
The piece details a dramatic CB radio downturn with Hy Gain and E F Johnson filing Chapter XI, widespread price cuts, and bank debt driving many firms to liquidation or restructuring. It notes FCC 40 channel ruling in 1976 and the spillover effects on suppliers, banks, and related electronics firms.
The federal OSHA announces an emergency rule to limit acrylonitrile exposure after studies link it to lung and colon cancer. About 10,000 workers are directly exposed, 125,000 have some exposure, with 1.5 billion pounds produced annually. A permanent standard is due in six months. a public hearing is set for March 21 at the Labor Department.
Henry Ford II announced Ford Motor Co will not withdraw from South Africa and aims to grow its operations in the country, signaling an expansion plan for Africa. The remarks were made in Cape Town, South Africa.
Government forces raided three villages in northeastern Thailand and captured eight insurgent leaders, according to Radio Thailand. The operation targeted Communist insurgent cells and followed reports of organized activity in the region.
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