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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 26, 1971
Page
17
New York stock trading Monday showed investors largely on the sidelines with a quiet session. Big blocks moved Pan American and Melville while airlines and utilities mixed, and several sectors rose or fell in thin turnover.
Chicago and Des Moines market notes show slaughter steers steady to 28 higher with mixed quality bids. Yield grades and price ranges listed for 1200 to 1450 pound cattle, plus heifers and sows in various weight classes. Receipts and regional activity described with modestly altered prices across markets.
In Chicago on Monday soybeans swung up to four cents, then recovered amid volatile trading as speculative activity drove futures through a seven cent range. Corn edged higher on reports of worsening leaf blight in several states, while wheat was fractionally higher and other grains mostly unchanged. Soybeans finished several cents lower.
Partial OCR reads as a grain market jotter noting cash grain era values around 40.2 and 13. mentions 2 and 3 for a night session and 13 pm. Content is fragmented with dates and entities unclear.
Prices paid Monday for Cedar Rapids market cattle were steady to 25 cents lower. Saturday bulk deliveries of country and plant delivered butchers weighing 200 to 290 pounds varied by grade and condition, with prices from 79.40 to 20.00. Packing sows 300 pounds and up ranged 16.00 to 14.50, and butchers over 230 pounds showed reductions per extra ten pounds. several lines mention adjustments per weight grade.
Market notes show prime steers and heifers trading steady with some spread in price. Cows and bulls mixed, with several entries of feed lot and young stock. Sheep and lambs offered, poultry prices listed, bids around 53 and 124 dollars for select lots, overall sale Monday at Omaha.
James A. Bindel of Witterset filed a new lawsuit on March 3, 1969, seeking 13 million dollars from Wa Manufacturing Co. for injuries in a stone rushing machine accident at Gendlar Stone Products in Engham. The suit accuses the company of negligently designing a machine with a shaft protruding near a conveyor, claiming the design was inherently dangerous. The case revives a prior dismissed suit that failed to identify the defendant in the earlier filing.
North American Rockwell Corp reports third fiscal quarter 1971 earnings of 73 cents per share, up from 68 cents a year earlier, on $360.6 million in sales vs $633.2 million. Nine month earnings total $1.88 per share on $1.668 billion in sales despite lower overall revenue. Chairman W. E F Rockwell Jr cites improved profits in aerospace, automotive, and industrial products and share repurchases as reasons for the rise.
A 16 year old Cedar Rapids youth faced five traffic charges after a crash on Rapids Street Sunday night. Steven R. Froudle of 712 Sixth Street SW was taken into custody at Seventh Street and Eighth Avenue SE following the incident.
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