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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 25, 1977
Page
16
The AP report compiles NYSE stock moves by percent change for Monday, highlighting leaders such as UPS Vornado ArchDanM StoreyMfg and GulfWest among gainers and showing declines in numerous securities led by names like GulfWest and others. The data table includes Last Price Change and percentage shifts across many firms, outlining notable percent changes and price levels.
New York stocks fell as the Dow Jones average slipped 6.15 to 917.27 by 2 p.m. amid investor caution over potential slower economic growth and a weak leading indicators report due Friday. Vornado led NYSE activity with an 8 price, 186000 share block traded. The NYSE composite declined .27 to 55.44 and AMEX value index fell .22 to 123.54.
Des Moines reports trading very light with too few sales to price, demand steady to good, eggs vary by size with mixed yields. Carrot meat trade slow as beef shows modest gains and pork demand remains moderate to light with early prices around 47 to 75 dollars for select cuts and hams near 109.50.
Market reports show Monday hog prices down about 50 cents for butchers while sows stay steady. Bulk delivered butchers 200 to 230 pounds bring 43.00 to 43.50, with weights above 250 pounds facing incremental cuts as ranges extend to 600 pounds and beyond. Packing sows 300 pounds hold at 35.50 to 36.00, while heavier hogs incur further declines per weight tier.
Livestock trade in Des Moines shows moderate demand with mostly steady butchers and some instances of lower prices. No. 1-3 hogs at 200-230 lb fetch 43.50 to 44.00, heavier hogs up to 240 lb. also 43.00 to 44.00, sows mostly 35.50 to 37.00 for 270-330 lb, with larger sows down to 34.50 to 36.50. Estimated receipts today around 80,000. grain quotes list corn at 1.80 new crop to 1.94 old crop in Cedar Rapids, soybeans 5.38 new crop to 6.38 old crop, oats 1.15. Futures and other market notes follow in meal.
W R Grace and Co reports record second quarter sales and operating revenues of 1 045652 million up 11 8 percent from 1976 with net income of 47 6 million up 5 5 percent. For the first six months sales and revenues reach 1 95 billion up 11 8 percent, while six month net income falls 3 1 percent to 72 million.
Police report a break in at Khouris Lounge 608 Sixteenth Street NE early Sunday. Cigarets bottles of liquor and cash from the register an office cabinet and a desk drawer were stolen. Value set at 926 dollars entry gained by knocking a hole in the south wall.
A Senate government affairs committee cleared Budget Director Bert Lance after a two hour hearing. Chairman Abraham Ribicoff praised Lance and said there was no conflict of interest in his dealings. The panel questioned Lance about a $3.4 million loan from First National Bank of Chicago and stock sales at National Bank of Georgia.
Iowa City council candidate David Smithers plans to invite police to arrest him for soliciting signatures at Baculis trailer court Monday night. The move follows the arrest of Jerry Parks, 30, for criminal trespass during petitioning for a landlord tenant ordinance after owner Baculis asked him to leave.
Livestock prices rose at Joliet and Sioux City with cattle and hogs active. Joliet saw steers 75.1 higher and hogs mostly 50 lower, while Sioux City reported hogs 50 higher and cattle 50-100 higher, with quoted ranges for various weight classes.
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