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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 28, 1978
Page
18
New York stocks show mixed gains with Abbott and Alcan among notable movers as Dow Jones and broader averages hover near midday levels. UPI reports Thursday action across major indices with 3 p.m. standings showing modest shifts and a late push toward the close.
The Dow Jones industrial average rose 0.78 to 764.12 after a sharp drop the day before, leaving a weekly loss of 12.82 points and a 67.05 point drop for the first four weeks of 1978. Trading volume on the NYSE slowed to 17.60 million shares as declines slightly outpaced advances.
Federal State Market News notes higher incentive prices with demand light to fair and cautious undertone. Grade A large 42c, medium 33-39c, other farm eggs 27-31c, B 12-22c. western states report steady to barely steady demand with blizzard delays and limited trading.
Des Moines reports moderate trade and demand on Friday with hog prices up to 50 cents higher for No 1-3 220-240 lb at 46.50 to 48.00 and No 2-3 250-270 lb at 45.00 to 47.00. Sows show gains up to 50 cents, weights from 270 to 500 lb quoted 34.75 to 40.50, with receipts around 50,000 and prior-week totals at 54,000.
A Midwest blizzard spurred buying that lifted most grain futures on the Chicago Board of Trade. Thin trading offset bearish USDA supply demand revisions, with soybeans 4 to 10 cents higher or lower, March at 5.70. wheat up 1 to 2 cents, March 2.72. corn varied, March 2.28. oats 4 to 5 cents higher, March 1.36. Furnished by First Mid-America.
VINTON The City Council discussed how to spend 85 000 in revenue sharing funds at Thursday night meeting. Requests included 40 000 for airport capital improvements 22 000 for swimming pool project 1 000 2 000 for Meals on Wheels support and 4 074 for Youth Employment for the Disadvantaged. The Finance Committee will review and report next week.
Linn-Mar School District invites parents to two curriculum review sessions at the High School next Thursday and February 6 at 7 p.m. in Room 131. The first meeting covers agri business to art and music while the February session focuses on physical education, foreign language, mathematics and learning resources.
Linn County Magistrate Brent Harstad speaks on child abuse at Ascension Lutheran Church at 7 30 p m. The program examines the problem and solutions with a discussion to follow. The Ascension Lutheran Women’s group will serve coffee during the discussion.
Linn-Mar High School seniors will order announcements caps and gowns Tuesday from 10 a.m. to 1 p.m. in the front foyer. School officials said orders will be taken by representatives of the involved companies.
Nineteen defendants in Linn District Court First Avenue Division faced sentences for drunken driving. Frederick P. Hansen received a suspended 90 day jail term and probation to the Department of Correctional Services after a probation violation and a $500 fine plus costs. Marcos Robledo drew 60 day sentences on two counts to be served concurrently, with others given suspended terms or fines. several cases were deferred or dismissed.
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