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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 08, 1978
Page
12
United Press International reports NYSE and Amex composite tables as of 3 p.m. with detailed last prices for Abbott, Air Prod, Alcoa, Amex listings, and dozens of named corporations. The data covers manufacturers, banks, oils, and utilities across multiple exchanges with notes on dividends and market segments.
The stock market advanced broadly as unemployment fell to 5.7 percent, the Dow gaining 5.29 to 812.46. Despite weekly decline of 6.49 points, the Dow's four week average dropped 46.77 points as volume eased to 23.47 million on the NYSE. Composite indexes S and P rose, NASDAQ up 0.34.
A compiled list shows dividends by United Press International for firms including Harte Hanks Winn Dixie and special year end Pandick Press. It also notes stock splits such as Harte Hanks 2 for 1 and Winn Dixie Stores 4 for 3 with record and payable dates and frequency indicators A M Q S.
Iowa hogs trade slow to moderate with steady to firm bids for various weight classes and estimated receipts around 60,000. Egg market shows steady tone in Des Moines with offerings moderate to heavy and prices mostly in the 38 to 72 cent range per dozen depending on grade and size.
Soybeans gained two cents for the July and August crops while the 1978 crop fell two cents. Yellow corn declined two cents for July and August and maintained the 1978 price. White corn dropped five cents for July and two cents for new crop. pats steady. No.2 corn July 2.24, August 2.21, new crop 2.14. White corn old 2.88, new 2.75. Soybeans July 6.72, August 6.47, new crop 5.855. Oats 1.28 both old and new. Pro Farmer Grain Cedar Rapids.
Iowa Auditors report on Camp Dodge housing shows 15 state funded employees live rent free, seven federal workers billed $50 monthly. Utilities vary by unit type with water free. heat charges exist, electrical rates unchanged since 1968. Adjutant General Burkhead says audit will guide improvements.
The Marion Community Center outlines next weeks schedule with events for all ages. Highlights include Leo Stance reunion Sunday at 11 a.m., senior lunches daily at 11:45 a.m., knitting and crocheting, shuffleboard, and high school completion classes through the week.
The Rev. Robert Rotgers, chaplain at St. Luke's Hospital and Linn County Jail, will discuss crime punishment and jail problems at the fifth session of First United Methodist Church summer adult seminars. The program, sponsored by Churches United of Cedar Rapids and Marion, is open to adults and senior high students.
Florence Henrikson and Viola Schenken won first place in the Howell movement competition at Kenwood Park Presbyterian Church on Thursday. Ruth Ann Kelleher and Martha Heald took second, with Ova Jenkins and Mrs. James Smittkamp finishing third. Next game is Thursday at noon at the church.
Elmo Carleton posted the low gross with 37 while Dave Knapp held the low net at 32. John Vondra and Ron Rawson tied for closest to the pin.
City lifts parking ban for two day Chamber of Commerce fair on July 14 and 15 with one and two hour zones relaxed in downtown Marion Fifteen minute parking remains restricted outside the downtown area Eleventh Street will close July 14 to after carnival July 16 Tenth Street remains open observer notes recovery wishes included in ad by Don Walton
Washington officials report hospitals have voluntarily reduced their rate of inflation to the lowest level in four years while April hospital expenditures rise 11.8 percent, still above the administrations 7.2 percent overall inflation forecast. American Hospital Association president Alex McMahon defends non uniform cost controls and cites ongoing voluntary efforts as effective.
Joliet Illinois livestock report notes cattle receipts near 300 head as steer prices hold around 54 50 to 54 75 for 1100 to 1150 pound grades. Hogs show fair to active demand with lighter weights up to 250 pounds steady to 25 cents higher and heavier cuts 50 cents to 1.00 higher. totals include about 3500 cattle and 1 hog lot pending.
Notice filed in Linn County Iowa named defendants required to appear. The clerk records a petition for judgment and summons with details of service and deadlines. Defendants urged to respond promptly and appear to avoid default judgment in this restraint action.
City Clerk M. Keller invites all interested parties to appear regarding the Hull's 4th Addition or related alley measures. The notice, dated Sunday in June 1978, asks property owners and residents within the area to attend the hearing and participate in the city council discussion.
UPI reports a weak Friday for beef with slow demand and light trading. Choice steer prices edge down while carner cutter and other cuts rise. pork shows limited offerings but some loins and picnic items advance. Prices vary by weight and cut across beef and pork markets in the Midwest.
Wheat and corn prices listed for Chicago and Omaha with USDA figures. Hogs and sows traded in Omaha and Webster City with price ranges for various weight classes. cattle receipts estimated for Monday. butter and egg prices reported as unchanged across Chicago delivery to firms.
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