Stocks Rise And Fall In New York Market Snapshot
The AP reports a volatile NYSE session with notable gains and losses among major names. Tech, energy, and financial peers swing as traders react to mixed indicators and corporate results.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 01, 1977
Page
19
The AP reports a volatile NYSE session with notable gains and losses among major names. Tech, energy, and financial peers swing as traders react to mixed indicators and corporate results.
New York prices fell in quiet pre holiday trading as the Dow Jones Industrial Average slid 5.34 to a 10.96 level at 2 p.m. Losers outpaced gainers about 4 to 3 on the NYSE with 13.65 million shares traded. The NYSE composite dropped 0.22 to 54.88 while the AMEX market value index rose 0.06 to 120.38.
Des Moines reports light trading due to July vacations with ample supply for current schedules. Demand limited as plants shut for holidays, prices easing 2-3 cents with mixed undertone. Cartoned demand light. large to small sizes vary from 16 to 49 cents per dozen at farms, with Grade A mostly 30 to 39 cents for large eggs.
Friday hog prices in Cedar Rapids ranged 45.00 to 45.50 for 200 to 230 lb butchers with plant delivery, sows steady at 37.50 to 38.00 for 300 lb, and price drops for heavier weights. Sheep spring lambs quoted 49.00 to 50.00. Illinois Joliet reports mixed hogs and cattle with limited test cattle and steady to higher hogs, plus grain prices down for corn and soybeans.
Friday market reports show hogs and sows moving higher in Iowa and Omaha with steady to higher prices, while Sioux City notes weaker hog bids and cattle mainly feeders. Chicago grain and dairy markets edge lower with slight price shifts for wheat corn oats soybeans butter and eggs across USDA quotes.
Police report $400 was taken from an office at Construction Materials Inc 700 Thirty first Avenue SW on Thursday. Also stolen was an antique brass bed from Sheryl N Armstrong 220 Twenty seventh Street NW reported Friday.
Linn district court jury awarded Marie G. Ellingson $3,000 after finding in her favor in a $25,000 claim arising from a Nov 10, 1974 rear end collision at First Avenue and Thirty eighth Street East. Defendants challenged damages and medical care. jurors listed Cedar Rapids Marion and Hiawatha residents.
The Cedar Valley Rock and Mineral Society earned an AFMS plaque for 500 percent support to the AFMS scholarship foundation. Edwin R. Hojic, a Cornell College geology major, received the AFMS Midwest scholarship. The group plans the Midwest Federation show August 10–13, 1978 at Hawkeye Downs. Susan Mundt, a University of Iowa geology major, won a $200 Cedar Valley scholarship. Friday’s gold and silver quot as of close show 143.05 and 143.00 respectively.
Iowa Board of Regents approves 1977 78 preliminary budgets totaling 304 million for UI ISU UNI Iowa School for the Deaf and Iowa Braille and Sight Saving School plus the Regents office. UI budget details include general university and hospital budgets with state funds and tuition changes. ISU sees a 10.9 percent general program increase and a fall enrollment projected at 22 380 students. UNI plans about 30.3 million with rising appropriations and revenue, while smaller schools post double digit percent increases. Salaries comprise about 75 percent of ISU's budget and new pay scales apply across all staff under the recent appropriations bill.
A rural Coggon couple booby trapped their gasoline storage with water after repeated thefts. They found a yellow four door auto abandoned nearby and later a 17 year old was charged with larceny and possession of stolen property. Deputies traced the case through neighborhood questioning. A men’s room sign from a Linn County park was found in the car.
The Iowa Bankers Association urged the state supreme court to pause Holliday's ruling permitting credit union share drafts while an appeal proceeds. Since their introduction last year, 20 unions have opened nearly 3,000 accounts, prompting fears of losing checking business and broader systemic impact. A hearing is set for Wednesday at 9 a.m.
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