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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 20, 1978
Page
17
New York stocks drifted lower as the NYSE and ASE opened two hours late due to a metro area snowstorm. The Dow fell 7.63 to 778.67 while NYSE volume reached 21.50 million shares and the composite index slipped to 49.82. ASE index rose 0.40 to 121.59.
The Cedar Rapids hog market rose 50 cents Friday with delivered butchers at 200 to 230 pounds priced 45.00 to 45.50, packers sows at 36.50 to 37.00, and various weight-based discounts up to 300 pounds. Sheep market held steady with shorn lambs at 58 to 60 and wool lambs at 56 to 58. lambs over 105 pounds face discounts.
Des Moines reports slow to moderate trade with very strong demand. Butchers and sows rise 50 to 100 cents, No 1-3 200-230 lb butchers 45.50-46.50, 230-250 lb 44.75-47.00, 250-270 lb 44.00-46.25, No. 2-3 270-300 lb 41.25-45.50, sows 3600-3850 pounds depending on weight. Estimated receipts 55,000 with 15,000 expected Saturday.
Two area Apco service stations Cedar Rapids and Marion were sold to Vickers Petroleum Corp. along with another Iowa station in OsKaloosa as part of a 16 station deal. Vickers plans remodeling and extensive work at the sites. Vickers is a subsidiary of Vickers Energy Corp., a sub-holding of Esmark Inc.
Linn County deputies report Henry L. Dinges age 27 was charged Thursday afternoon with robbery with aggravation. The victim named Frank T. Priest of Kansas was robbed near Toddville in 1975. In Cedar Rapids grain market, soybeans and yellow corn gained while white corn and oats held steady with quotes from Pro Farmer Grain.
Two brothers James Stull and Jeffrey Stull, ages 16 or 17 and 15, escaped custody in Cedar Rapids. They returned from California by commercial flight Thursday evening, slipping past airport officers before James turned himself in and Jeffrey was later detained at Linn Detention Center.
UPI reports an abbreviated stock list from the New York Stock Exchange as trading slows in New York City due to the storm. Selected quotes reflect reduced activity and cautious investor sentiment during the weather disruption.
Thirty years ago Republican leaders in both chambers announced an informal agreement to trim three billion dollars from President Truman’s budget, signaling a cross party effort to curb federal spending amid wartime adjustments.
Federal State Market News Service reports prices unchanged with demand light to good. Large eggs retail 45 to 49 cents. Grade A large 39 cents, medium 32 to 36 cents. other farm eggs Grade A large 26 to 31 cents, medium 18 to 25 cents. Grade B large 12 to 22 cents. Dealer sentiment uneasy.
The Cryovac Employees' Credit Union marks 25 years with a dinner dance at Embassy Shrine Club in St. Paul. Chairman David Von Yeast reports 250 tickets sold, a 7:30 p.m. dinner, 6:30 p.m. cocktails, and an 8:30 p.m. business meeting. The union, started in 1953, has 410 members, assets over $440,000, and 6,322 loans totaling $3,091,262.08.
Townston House Inc offers remodeling and real estate maintenance at 1601 and Ave. The firm advertises large and small jobs with seven full time workers and 24 hour service including cleaning up and hauling.
The Iowa Board for Public Programs in the Humanities awards 36238 to Coe College Cedar Rapids and the Iowa Educators Task Force on Teaching about Religion in the Public Schools. The program will fund statewide conferences on religion and public schools with director Mrs. Alice Lowe and co director Dr. Malcolm Peel.
Householders donating accumulated newspapers to the Salvation Army Men's Social Service Center can claim the market value as an income tax deduction. Lt Edwin Seger notes many overlook this and urges calls to 365 1491 for pickup. Trucks cover Cedar Rapids areas by day and Marion Hiawatha Robins on Fridays for donations.
The Marion-C.R. Club Howell movement at Kenwood Park Presbyterian Church crowned overall winners in a membership game held Thursday. First place went to Mrs. Fred Hull and Mrs. Frank Zeman, second to Mrs. Joe Stepanek and Bruce Thiher, and third to Pat Sworzentruber and Ken Hixon. The next game is Thursday at 12 30 at the church.
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