Market dips as banks raise prime rates on cautious trading
New York stock market eased on Monday after Morgan Guaranty Trust and First National Bank of Chicago lifted their prime rates from 6 to 6.5 percent. The Dow Jones industrial average dropped 8.40 to 963.76 by midafternoon, with decliners outpacing advancers 7 to 5 on the NYSE. Trading was light, with 13.44 million shares. Alcoa gained 4 to 56 1/4 after reporting last year earnings more than doubled 1975. The NYSE composite fell 0.25 to 56.11, and the AMEX market value index slipped 0.08 to 111.10.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Morgan Guaranty Trust of
First National Bank of Chicago
Alcoa
NYSE
American Stock Exchange
Wall Street Stocks Lead Gains and Slumps on NYSE List
The AP presents a rundown of New York Stock Exchange movers with noted up and down percentages for the day. The list includes numerous named companies such as Amex Corp, Alcoa, Amcan, Kroger, Texaco, Exxon, IBM, Chrysler, Motorola, and many others, with closing, high, and low figures alongside daily changes in price. The report emphasizes broad swings and notable performers across sectors, reflecting market breadth on Monday.
MENTIONED IN THIS ARTICLE
UPS and Downs
NEW York
New York Stock Exchange
Zia
Inci GulfOll
Hordley
Neptune
AmrepCorp
Hoernw
HotfEle Lée
Holiday
John
Cincs
Stock Exchange
Idahop
IdealBa
Ingerr
AlcanAlu
Ees
p.We le
Helcord
Alcoa
Sinman
Amax
le Ambac
Jon Loagn
Jostens
Aijrlin
AmStad
Iaman
Kroger
ApecoCorp
ArchDan
Ltvcorp
Armco
ArmstCk
Lehp
Ee el Ee Asarco
Wat
Téhvar Ind
Ikea Ashi Oil
Asddrg
Levitz Furn
Anrich
AtlasCp
Loews
Aaro LaPacit
Boltge
Uw BankAm
LykesCo
Ariel Te Beckmani
Bendix
Dale
Faye
Benticp
Maratino
Bengt
Marmid
Heey
Brunson
Merck
BucyEr
MGM
BuddCo
Bulova Fs
Milgo Elect
Ramo - Minmm
Burlind
Burino
Mobil
E Barrons One Mohasco
Cbs
Ge MonPw
Gerin Gan
MorNor
Motorola
Wortwan
Chamoint
Chris Craft
Engel
Chrysler
Hicorp
SRM NortWin
Clorke
Norris
Noah
CloroxCo
Rian
Wenill
Ar Sary
Penney
Pitney
Disney Diy
Wu Pneumo
Vt Ie
Bor
London Gold Dresser
Rae
Ourants
Questor
Mir
loisPur
Renney
Cornsev Ag
Midwest livestock and grain market roundup notes
Monday market reports from Des Moines Webster City and Joliet describe steady to lower hogs and softer cattle demand, with hogs mostly down and cows steady to lower. Grain and beans prices cited, plus dressed meats and beef prices. Includes livestock counts for several markets and regional price ranges for different weights and classes.
Cedar Rapids hog market shows steady quotations Monday
Market reports list bulk hog prices 38.00 to 38.50 per cwt for 200 to 230 Ib butchers with weight-based discounts for heavier pigs up to 300 Ib. Sows around 31.00 to 31.50. Sheep lambs 48.00 to 51.00, wool lambs 44.00 to 48.00. Other markets in Omaha and Sioux City show mixed steady to higher bids, with cattle and calves prices downward on steers and heifers. Des Moines reports light trading and barely steady demand amid severe cold. eggs and poultry prices largely unchanged to slightly higher with adequate supplies.
MENTIONED IN THIS ARTICLE
Chicago
UPI
USDA
Washington
Idaho
Colorado
Wisconsin
Minnesota
North Dakota
Des Moines
Webster City
Central Town
Midwest
Joliet
Coffe
Cedar Rapids
Omaha
Sioux City
U.S
Federal
Grain futures rise on cold spell and mixed soybeans
Oats corn and wheat gained 14 to 24 cents a bushel on the Chicago Board of Trade as cold nationwide weather boosted grain values. Soybeans weakened after late profit taking, closing on an irregular tone while soybean meal rose about 1 dollar per ton and soybean oil held steady to a few points lower. March prices noted for wheat at 2.7814, corn 2.6214, oats 1.7414, and soybeans around 7.09 for January. Frozen pork bellies quotes also listed for February through July contracts.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Fire damages home of McKiernan family in Grant Wood area
A Monday morning fire heavily damaged the residence of Mr and Mrs James McKiernan at 510 Avenue NW. Investigators link the blaze to a stove grease fire. The family and their four year old were uninjured. Extensive furnishings were ruined. Red Cross Grant Wood area chapter aids with food and clothing, while relatives host the family.
MENTIONED IN THIS ARTICLE
James McKiernan
510 Avenue NW
McKiernans
Grant Wood Area
The
Red Cross
Weekend Crashes Injure Two in C R
Traffic accidents in the city over the weekend injured two persons treated at local hospitals and released. Alex Swalley, 19, of 3219 Stratford lane SW, was injured at 2 50 a m Sunday when his car slid on ice, jumped the curb, and hit a light pole. Grover Fitzpatrick, 32, of 1304 First avenue NW, was injured at 7 45 p m Saturday in a two car crash at First street and First avenue SE.
MENTIONED IN THIS ARTICLE
Alex Swalley
Stratford Lane
Bryan S. Clark
Carriage Drive
Swalley
St. Luke’s Hospital
David Meyers
Shastacourt
Baker
Drunk Driving Charges by Linn and Hiawatha Police
Four persons were arrested on drunk driving charges late Saturday and early Sunday by Linn deputies and Hiawatha police. Kim Marie Berg, 16, of Marion, allegedly drove erratically on Robins road. Daniel J. Chrystal, 22, Walker, was found slumped over the steering wheel west of Troy Mills. Glen G. Maas, 24, of Center Point, allegedly sped on Center Point road NE. Larry L. Wright, 36, Center Point, crossed the centerline and nearly struck a patrol car.
MENTIONED IN THIS ARTICLE
Linn
Hiawatha
Kim Marie Berg
Ninth Avenue
Marion
Robins Road
Daniel J. Chrystal
Walker
Troy Mills
Glen G. Maas
Drinkward Street
Center Point Road
Larry L. Wright
Center Point
Cedar Rapids News Briefs Highlights Local Events and Thefts
Preschool story hours set for Tuesday in the main library basement and Kenwood branch with times 9:45 to 10:15 and 10:45 to 11:15. Mercy Auxiliary group meeting Wednesday at Mercy Hospital Family Practice Center with a guest speaker from Iowa University. Reports of stolen items include statues, lights, clothing, jewelry, a coat, groceries, a TV, and gear from various addresses. Local ads note products, rentals, and services across Cedar Rapids, Marion, and surrounding areas.
MENTIONED IN THIS ARTICLE
Third Avenue SE
Kenwood
First Avenue SE
Mercy Auxiliary
Mercy Hospital
Iowa University
Copyright Suits Filed In U S Court
Copyright cases filed in Cedar Rapids and Waverly allege venues allowed performances of songs without permission. Farah's Lounge Cedar Rapids and Sir Lounge Waverly named with two defendants. four songs in 1975 and five songs in 1976 cited. Plaintiffs seek 250 dollars per song in damages.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Waverly
George Farah
Fidelis Abodeely
Farah
Dwayne Weston
Sir
Waverly Lounge
Moon River
Fire Destroys Toddville Mobile Home
Toddville route one mobile home owned by Jim Stewart burned early Monday tied to possible water heater or heat tape ignition. Deputies cited undetermined cause per Mon roe township fire chief. No injuries reported. family of four displaced with Red Cross aid.
MENTIONED IN THIS ARTICLE
Toddville
Jim Stewart
Linn
Stewart
Monroe Township
Red Cross
Police Waiting When Youths Entered Firm
An off duty Cedar Rapids officer waited inside Highway Equipment Co. when two youths allegedly pried the door and entered. One was captured and charged with breaking and entering and resisting an officer. the other fled though police continued the search. The break in at Rapids Inc. and a vending machine theft of $12 are under inquiry.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Highway Equipment Co
6160
Avenue NW
Rapids, Inc
Sixth Street NW
High Soda Pop Prices To Stay High
Des Moines reported that soda pop prices will stay high despite cheaper sugar. Dick Westcott, president of Mid-Continent Industries, Inc., said lower sugar costs were offset by increases in other costs, preventing any price cut. He noted retail soft drink prices were stable last year.
MENTIONED IN THIS ARTICLE
DES Moines
UPI
Dick Westcott
Mid-Continent Industries, Inc
Westcott
Iowa Supreme Court Denies Rehearing on Appeals Court
The Iowa Supreme Court denied a petition for rehearing of its decision to seat a new five member appeals court. Atty. Gen. Richard Turner, an intervenor in the suit led by State Rep. James Redmond, hinted at appealing to the U.S. Supreme Court if denied.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Supreme Court
Atty
Richard Turner
U.S. Supreme Court
Iowa Court
Turner
James Redmond
Cedar Rapids
Redmond
Supreme Court
Kirkwood Resumes Adventure Series in San Francisco
The Kirkwood travel adventure program resumes with a Thursday 7:30 p.m. showing at Jefferson High School auditorium San Francisco. Lecturer Ed Lark will narrate a color film on city landmarks and points of interest. Tickets are available at the door.
MENTIONED IN THIS ARTICLE
San Francisco
Jefferson High School
Ed Lark
Real Estate Investment Firm Announces Quarterly Dividends
USP Real Estate Investment Trust of Cedar Rapids declared its third straight quarterly increase. The fourth quarter payout of 20.5 cents brings 1976 cumulative distributions to 74 cents, with 6.5, 7, and 7 cents per share for records Oct 10, Nov 10, and Dec 10.
MENTIONED IN THIS ARTICLE
USP
Cedar Rapids
Life Investors, Inc
Robert Goodson
Arlington Fire Ravages Loomis Home in Deep Freeze
A Arlington blaze in 30 below zero temperatures destroyed the Carl Loomis residence four and a half miles northeast of town. Five of six Loomis children escaped. the sixth was baby-sitting elsewhere and may have been inside. Loomis ran back to rescue the child, was unharmed. Firefighters faced equipment freezes as temperatures impeded suppression efforts.
MENTIONED IN THIS ARTICLE
Arlington
Carl Loomis
Loomis
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Iowa
Reynin
Reyccol
RyderSys
Ja Sanders
SierrPac
Singer
Ba Smithkline
SonyCp
Socole
SouthCo
Sonres
Sperryr
Stowind
StOilOh
StaufCh
Y SterDrug
Léle
Feventl
tuWor
SunCo
la Telex Cp
Tenaco
TesoroPet
Texaco
Wa Textron
Ty Thiokol
Timeinc
TimeMir
Todd Shipyd
Transam
UOP
Genero
Vetcile
Wachova
Warnerl
WasWatl
Wahdirl
Union
A Weverhr
Whiting
P Whittaker
WillmsCos
Ie Wolwin Bae
ZaleCorp
ZenithRad
Associated Press
First Mid-America
Chicago Mercantile Exchange
Shearson Hayden Stone Inc
Ins. Fund
Rein
Archer Daniels
Bandog
Banks of Iowa
Mwa
Beatrice Foods
Conrac
Consolidated Foods
Harrisenteger
Howreve
BunCorp
Interstate Power
Pol
Iowa Electric
John Deere
Kidde Comm
Keufte
Esser Wind Is Life Investors
Ine
uTv
Macco
Maytag McCord Corp
Mid-America
Mid-Continent
Hay
Miracle
Ozark
Rockwell
Syntex
United Fire & Casualty
United Guaranty Univer
Victor Corp
Hogs
Webster City Livestock
Chicago Cash Grain
Mondova
Joliet Livestock
C.R. Markets
Omaha Livestock
Sioux City Livestock
U.S. West North Central States
C.R
Mildred Stastny
Lauren Drive
Boston Ferns
Pierson’s Florists
Ellis Boulevard
Avenue
16Th Avenue
Marie Meffert
Levin Claussen
Fifth Avenue SE
Ambassador Lounge
East Marion
Temple Judah
Lindsay Lane
Bever Ave
32Nd St
George Joens
Route Two
St. Ludmila’s Church
Merle Norman Cosmetic Studio
Lindale Plaza
Ryder Truck Rental
Buresh Rental
Adv
Sharon Burrows
Eighteenth Street SE
Town and Country Shopping Center
Woodfield
Arlington Park Hilton
Travel & Transport
Bob Horner
Pheasant Drive
Pauline
28Th Avenue
Linn County
Okays Appeals Court
C. Edwin Moore
Kirkwood
Cold Hampers
Arlington Blaze
Center Point Rd
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