Stocks Jump Amid Wall Street Rally Despite Steady Prime Rate
The Dow Jones industrial average rose 11.10 to 954.58 as gains outpaced losses on the NYSE. Investors bought heavily even as First National City Bank kept its prime rate at 6 3 quarters percent, signaling belief in a downward trend in interest rates and possible Fed easing. Fedders led volume with a 4 point gain to 6. The NYSE composite rose to 52.60 and the American Stock Exchange index climbed to 93.94.
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New York
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SunOil Ir
Katy Ind
Bae
SystronCon
Am Motors
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KnigtRid
AMP Inc
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Kraftco
Tenaco
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Armco
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MeadCo
Bank Ramo
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Vetco Ottsh
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Wall Street Stocks Mixed With Narrowing Losses
New York price list shows gains for some blue chips like IBM and Coca Cola while many industrials and financials drift. Traders note slight recovery signs as market attention focuses on shifts in leadership and inflation data.
Cedar Rapids Hog and Sheep Market News Report
Friday livestock prices show higher hogs with 200-240 lb US 1-3 at 50.50 to 51.00 and sows around 38.00 to 38.50. Sheep bids quote choice to prime lambs 90-105 lb at 47.00 to 49.00 with additional lambs priced 44.00 to 47.00. Grain markets list No 1 yellow corn at 2.38 and soybeans at 4.36 per bushel.
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Cedar Rapids
Omaha
Neb
USDA
U.S
Sioux City
Webster City
AFP
Joliet. i
UPI
Des Moines
Waterloo
Corn and beans rise amid broad CBOT session gains
Chicago Board of Trade futures closed with buying and short covering lifting corn 1 to 3 cents and soybeans 3 cents. Oats led small gains, wheat up around 2, soybeans at 4.77 in March. soybean oil fell, soybean meal rose about a dollar per ton. Livestock in Sioux City Des Moines and Waterloo saw mixed trade with hogs higher and cattle steady to weak.
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Chicago
Chicago Board of Trade
Winter's First Influenza Cases Reported in U S
The CDC reports the first influenza cases of the season in California Oregon and Minnesota. California lists isolated cases while Oregon and Minnesota report more extensive outbreaks. California and Oregon identify viruses similar to influenza A Victoria strain. Minnesota strain labeled influenza A not further classified.
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Atlanta
UPI
United States
National Center For Disease Control
California
Oregon
Minnesota
CDC
TWA Crash Blame Tied to Confusion Over Three Words
Government investigators fault the Boeing 727 crew for Flight 514’s Dec 1 1974 crash near Dulles after a miscommunication over the phrase cleared for approach. A 3 to 2 NTSB vote supported crew error as primary cause with a dissent citing controller guidance failures. The Indianapolis to Columbus to Dulles flight diverted from National due to wind.
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Dulles International Airport
Flight 514
Indianapolis
Columbus
Ohio
Dulles
Washington
Deputies charge two for drunk driving in Linn County
Linn County deputies arrested two individuals on Thursday night for suspected drunk driving. Glee Ann Kessler, 22, of Solon, allegedly drove erratically on E Avenue and Edgewood Road NW. Carlton Carlson, 44, of Bever Avenue SE, was charged after a similar incident on Mt. Vernon Road east of Cedar Rapids, a second offense.
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Linn
Glee Ann Kessler
Solon
E Avenue
Edgewood Road
Carlton Carlson
Bever Avenue
Mt. Vernon Road
Cedar Rapids
Clock Taken in Cedar Rapids Break-In and Local Notices
Cedar Rapids resident Carol Murphy reported a hand made antique clock valued at 150 dollars stolen during a break in at her residence at 1422 Thirty fourth Street NE. The itemized notices include thefts from various local businesses and services with phone contacts and event ads.
MENTIONED IN THIS ARTICLE
Carol Murphy
Thirty-fourth Street
Donald Mahan
Sixteenth Sixteenth Street
Lee M Steinbach
Highwood Drive
Hearst Judge Fine After Minor Surgery
San Francisco AP report says U.S. District Judge Oliver Carter 64 is recovering after neck vascular surgery and plans to return to work soon. His illness caused a one day delay in Patty Hearst's bank robbery trial and a replacement judge moved the trial opening to Tuesday.
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San Francisco
Patty Hearst
Peggy Betts
U.S
Oliver Carter
Soviet Baltic Fleet Mutiny Report Stir Riga
Bild reported a 60 man crew of a Soviet Baltic fleet warship mutinied on November 8 and attempted to sail to Sweden. Submarines and helicopters intercepted the ship before leaving Soviet waters and it was brought to Riga where the crew were interned.
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Hamburg
West Germany
UPI
Bild
Sweden
Riga
West
Germany
No Gas Curtailment Seen by Iowa Illinois Officials
Officials from Iowa Illinois Gas and Electric Co. say curtailment of natural gas to residents businesses and industry is not expected despite NGPL plans to curb deliveries for the rest of the heating season. NGPL cites FPC delays in approving a proposed storage withdrawal increase.
MENTIONED IN THIS ARTICLE
Iowa
Illinois
Iowa-Illinois Gas and Electric Co
Natural Gas Pipeline Co. of America
NGPL
Federal Power Commission
Moro to Name Coalition Friday in Italy Crisis
Premier designate Aldo Moro said a two party coalition led by his Christian Democrats and the Socialists would be formed by Friday to end Italy's 37th government crisis. The move follows the Socialists' withdrawal over economic policy and Moro's rejection of formal cooperation with the Communist party backed by the church and opposed by the ruling party.
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UPI
Aldo Moro
Italy
Moro
Christian Democrats
Socialists
Roman Catholic Church
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