Market Mixed As Dow Rises Amid Gains In Blue Chips
New York stocks show scattered gains as buying lifts blue chips and glamour issues. Dow Jones average climbs to 961.19 at noon amid mixed NYSE results and a slight overall market uptick.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 27, 1977
Page
22
New York stocks show scattered gains as buying lifts blue chips and glamour issues. Dow Jones average climbs to 961.19 at noon amid mixed NYSE results and a slight overall market uptick.
The page lists numerous stock prices for the Am. Ins. Fund Am Rein Archer Daniels Beatrice Foods Conrac FMC Harnischfeger Hawkeye BonCorp Interstate Power All sectors show bid and ask figures with varied fractions. The compilation credits The Associated Press 1977.
Cedar Rapids dealers posted Thursday bids for hogs 200 to 230 lbs at 39.00 to 39.75 dollars, with sows around 32.00 to 32.75. Heavier butchers face discounts beyond 230 lbs, while cattle and sheep quotes, grain notes, and Des Moines pork and Chicago produce data accompany the day's market snapshot.
Livestock market news from Des Moines and Chicago area exchanges shows mixed hog and cattle activity with varying price ranges. Iowa hog prices rise modestly for select weight classes while receipts differ by region. Omaha and Joliet reports indicate higher hogs and limited cattle market tests. Poultry and eggs present subdued demand with steady undertone and steady farm egg prices across U.S. West North Central regions.
Three persons were charged with drunk driving. Dean F. Driscoll, 42, of 3620 Twelfth Avenue SW, was arrested at 9:38 p.m. in the 900 block of A Avenue NW. Raymond D. Merritt, 30, of 1313 B Avenue NE, was arrested at 11:37 p.m. near Center Point Road and L Avenue NE. Jeffrey R. Dahn, 19, of 159 Thirty-First Street NW, was arrested at 1:20 a.m. in the 1500 block of First Avenue.
A Hawkeye Area Council Boy Scouts training session for cub masters den mothers and pack committee members scheduled for Saturday at Kirkwood Community College has been postponed. Lee Taylor field director said rescheduling information will be mailed Friday.
Bradley Wayne Grobin, 18, of West Branch, died when his car struck a tree at Rochester and Amhurst streets in Iowa City at 1 a.m. Thursday. Two others were trapped for about 30 minutes. Bobby John Stubbs, 18, also of West Branch, was in serious condition with multiple injuries. a second passenger was uninjured.
Police say Randall L. Foster 20 of Marion and Linda Sue Heath 20 of Marion were involved in a wreck near the C Avenue Crandall Drive intersection about 9 am. Heath was treated at St Luke's Hospital and released. One driver unnamed in reports escaped charges.
A man wearing a ski mask and wielding a knife robbed Karl's Clark station attendant at 705 First Avenue SW about 9 p.m. The white suspect, 5 feet 10 inches, 160 pounds, demanded cash and fled east on First Avenue. The amount taken was not disclosed.
The Federal Trade Commission pins Great Western United Corp with a record settlement. $4 million in refunds to buyers who purchased after Jan 1, 1972 plus $16 million in property improvements over 10 years. A $50,000 civil fine paid to the government.
Cedar Falls hosts 44 high school jazz ensembles for the Tallcorn Jazz Conference on Friday and Saturday. Bands compete in 4A 3A 2A and A divisions with awards for top groups and standout musicians. Renowned educators judge alongside UNI performers in Russell Hall activities open to the public free.
Alateen offers support for youths from alcoholic families with Monday and Tuesday meetings. Other brief items include a Legion post potluck, Friday lunch talk by Sgt Switzer, Kirkwood courses, two stolen items reports, local restaurant specials, and a pancake day event at Springville Legion Hall.
A van with four corrections officers and six inmates from the Iowa Men's Reformatory at Anamosa collided with a Jones County deputy sheriff's vehicle on Highway 1, two and a half miles south of the Highway 151 junction. The crash in a snowstorm left no serious injuries as limited visibility hampered the scene. The van was enroute to Iowa City hospital for inmate medical treatment. The report also notes Admiral Hyman Rickover is 77 today.
Linnfield assessors will be in Covington hall through Friday 9 to 5 30 p m and Saturday 9 to noon. They will also be in Palo Monday through Saturday for residents to sign up for homestead and veterans exemptions. On this date in 1972 at Paris talks the communists demanded a U S withdrawal date before any settlement.
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