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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 31, 1977
Page
18
New York stock prices remained lower with the Dow Jones average down 5.82 points to 951.71 at 2 p.m. amid a broad decline on the NYSE and continued energy sector strength offset by listings in oil, gas, and coal shares.
A garbled OCR list shows stock quotes for numerous firms including Archer Daniels Midland Beatrice Foods John Deere Maytag and Textron among others. The piece also includes a Chicago cash grain summary with No 2 soft red winter wheat and No 2 yellow corn prices.
The Cedar Rapids hog market was steady with bulk prices for 200 to 230 lb butchers at 39.00 to 39.50 and 300 lb sows at 32.00 to 32.75. Lighter 230 to 250 lb hogs saw reductions per 10 lb increments while packers faced smaller discounts up to 400 to 600 lb ranges. Sheep quotes for shorn and wool lambs ranged near 44.00 to 48.00. Sioux City trade showed 190 to 260 lb hogs at 41.50 to 41.75 with cattle and sheep activity modest and varied by grade.
Livestock trade active with demand moderate to good in Des Moines and Joliet. No 1-3 200-230 lb hogs 39.50-40.50, 230-250 lb 38.75-40.50, sows 31.50-33.00 for 270-550 lb ranges. receipts 110000. Cattle and poultry sections note price ranges, with steers and heifers up to 25-50 higher in Joliet and Des Moines prices various by weight.
BCI director Craig Beek said a white granular powder resembling cocaine or heroin could be headed to Iowa from Chicago via U.S. customs information. Unconfirmed reports place the substance in Colorado Oregon and Washington and tasting it could be deadly while smelling it might cause brain damage. The item is described as talcum like and called lanc e. Also noted today is former Interior Secretary Stewart Udall at 57.
Corn and wheat futures rose 1 to 3 cents on the Chicago Board of Trade as oats retreated later in trading. Soybeans and soy oil were mixed at the close while soy meal gained nearly $3 a ton.
David Gardner age 25 of 4325 Center Point Read 11E charged with delivery of a controlled substance. Linn County deputies arrested him Sunday on a warrant issued December 14. Thought for Today sentence included from Irvin Cobb.
Raytheon reports 1976 earnings per share of 5.58 and net income of 85.24 million on 2.4627 billion in sales, up from 1975. Growth driven by government contracts and major appliances Amana and Caloric. return on equity 17.1 percent. Raytheon owns Amana Refrigeration and Iowa Manufacturing.
President Carter asks Congress for advice on accounting for about 800 Americans missing in action. He meets with Rep. G. W. Montgomery and his committee, urging continued pressure on Vietnam and state department action for an accounting. The panel recommends Pentagon reviews to reclassify MIAs, fewer evidence restrictions, a memorial in Arlington, and a rapid rescue unit for future wars.
Cedar Rapids areas list civil defense siren tests at 11 a.m. first Wednesday of each month with public instruction. Local events include Lions club brass at Roosevelt, Optimists program at Roosevelt, and story hours at multiple library branches. Personnel notes cover Airman promotions and assignments, and residential reports list robberies and property losses.
Linn county authorities arrested seven persons over the weekend on drunk driving charges. Names include Jamie F. Heneghan 27 of 609 Eighteenth Street SE Donna R. Kennedy 50 of Bali Hai trailer court Hiawatha Kenneth R. Werling 31 of route one Alburnett Charles LeRoy Yeo 28 of route one Toddville Daniel J. Offerman 18 of route one Earlville Ronald Dean Harris 22 of Hiawatha John E. Owens 20 of route one Palo.
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