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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 1979
Page
19
Nationwide composite prices for selected stocks as of 3 pm state a broad snapshot from NYT via UPI. The list includes Abbott Labs Air Products Alcoa Allied Chemical Boeing Co Coca Cola ExxonGM and many others with last sales and percentage changes noted.
The Dow Jones stock averages show various figures for industries utilities and general indices through noon to market close with the noon level at 837.54 for the industrials 245.42 for utilities and 106.09 for the average. By 3 p.m. the indices rise to 843.00 247.66 and 106.43 with a close of 846.25 248.64 and 106.70 respectively. Netwig notes a 10.50 percent figure and related data show several percentages and prices across the day.
Stocks rally with the Dow up 10.41 to 846.16 as energy policy rumors swirl around President Carter at Camp David. Gold climbs to record levels in Zurich London and nearby markets while the dollar gains moderately against major currencies.
County supervisors received a state fire marshal notice dated June 26 requiring the county engineer to discontinue use of an above-ground gasoline storage tank. The deputy fire marshal gave 60 days to comply or face court action.
Local brief notes include Arlene Kacher in Mercy Hospital for surgery, Linda Takes in Paris on Central College program, and multiple ads for salons venues and events. Listings cover games at Montrose, Sunday brunch at The Hearty Appetite, and upcoming trips and shows with contacts and prices.
A class action filed in Cook County Circuit Court alleges Ford Motor Co. equipped 1979 E-150 Econoline vans with inadequate standard transmissions that cannot be repaired or replaced with parts built in Mexico. The suit seeks 20 million dollars in damages for owners, plus 10 million for repairs and 10 million in punitive damages. Attorney Larry Drury represents Alan Oliver and will seek a temporary restraining order to halt further sales. The suit argues parts shortages prevent repair and may prompt a recall of thousands of vans.
USDA bulk selling prices show butter unchanged at 93 score 122.50 to 123.25 and 92 score 121.80 for delivery to Chicago. Egg prices to retailers weaken with Grade A extra large 63 to 66 cents, large 61 to 62, medium 51 to 52 cents.
This week at Marion Community Center lists activities including high school completion sessions on Monday and Wednesday at 9 a.m. and 6 p.m. plus disco class and Rapid Squares orientation on Tuesday evening. A Don Spurgin workshop, Danish Lodge event, and food stamp certification are also planned with a senior citizens listing on the Growing Older page.
Dividends for soybeans and yellow corn fell on various crops while the new crop rose 9 percent on Friday afternoon. White corn declined across old and new crop figures as oats held steady. prices quoted for Cedar Rapids processors at 2 30 p m. Pro Farmer Grain provided the quotes.
Dr. Floyd Sandford of Coe College will present a multi media program on the celebration of nature at the fifth weekly adult seminar at First United Methodist Church in Marion. The 9 30 a.m. program follows a 9 a.m. refreshment period and is open to area adults. He will run three slide projectors with music. The talk was given this spring at the Iowa Academy of Science meeting at Cornell College.
Beef trade slack with 600-900 lb steers at 93.50 to 94.50, heifer beef 94.50 not established. Pork mixed with smaller loins and bellies varying. loads 20 lb and up show 1.00 higher. Prices listed for several cut sizes and weights with overall sluggish tone.
The Federal State Market News Service notes prices steady to slightly higher in scattered trading with heavy supplies and light demand. July and August egg offerings at open prices. Grade A large 47-49c per dozen, Grade A medium 34-36c, other farm eggs mixed 20-38c depending on size and grade.
In Des Moines, hog trade shows light to moderate demand with prices for No. 1-2 200-230 lb butchers at 39.00 to 39.50, some 40.00, weights up to 240 lb. mainly western area. No. 1-3 230-250 lb butchers 38.25 to 39.50, 250-270 lb 36.75 to 39.00, 270-300 lb 34.50 to 38.00, and No. 1-3 300-600 lb sows 32.00 to 33.00.
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