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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 27, 1978

Page

21

New York Docks Show Composite Stock Prices Readout

UPI sourced composite prices list as of 10 30 a m for NYSE and AMEX stocks with last trades and percentage changes. Stocks span Abbott to ZenithRad with notes on dividends and market categories. a dense snapshot of late 1970s trading activity across multiple exchanges.

United Press International Abbott L Aloth Ama AmCyan Aeipwr ArmsCork Asarco WhitCn Whitter Wickes Williamsc WinnDx Va Xerox Cp ZaleCoron New York UPI American Stock Exchange Banister Bradden Brascanii Brewer C Co Ye Cai Comptr Va Carnatn Fisher Pt Fronter Husky Oi LoewsTh McCulich Usfilter WyoBne Dow—Jones Stockavera de A

Stocks edge higher as Fed forecast eases recession fears

New York markets traded narrowly higher as investors cited a Federal Reserve forecast suggesting no recession ahead. The Dow rose 0.35 to 847.53 around 1 15 p.m. EDT while the NYSE index gained 0.11 to 55.72. advancers led decliners 770 to 495 with about 18.26 million NYSE shares changing hands in three hours.

New York UPI Federal Reserve Board U.S

Midwestern Meat Prices Rise Amid Slow Trade across Pork

Iowa markets report pork trade slow to fair with steady fresh loins and higher belly and ham prices. Beefs show fair demand with various cuts down 1 to 3 dollars while boning and steer beef reach 75 to 85 dollars per hundredweight. Chicago grain quotes list wheat at 3.16 and corn around 2.24 with soybeans at 6.30.

Des Moines UPI Midwest Boston

Hogs Markets Hit by Mixed Iowa and Omaha Reports

Livestock prices show hogs firm to upper midrange across Iowa Des Moines and Omaha markets. No. 1-2 200-230 lb hogs quoted around 46.00 to 47.50, with other weight classes trading 41.25 to 40.50. receipts near 90,000 in Iowa and 3,000 in Omaha, plus lighter cattle activity. Grain prices edge down slight for July soybeans and July corn while oats hold steady at Cedar Rapids processors.

Des Moines UPI Omaha (Ap USDA U.S Joliet, Til Prenay S Cedar Rapids

Cedar Rapids hog and sheep market pauses steady on week

Cedar Rapids hog market held steady with hogs 200 to 230 pounds at 46.00 to 46.75 per cwt and butchers 230 to 240 pounds at 46.75, lambs 57.00 to 60.00. Sioux City quotes show cattle and hogs mixed gains and drops across weights, while Chicago butter eggs hold steady with small price ranges.

Cedar Rapids Sheen

Pact approved to move stream and pave J Avenue NE

Cedar Rapids City Council approved agreements with the Iowa Department of Transportation to relocate 2600 feet of McLoud's Run from J Avenue to Cedar Lake and to pave J Avenue NE. City share about 700000 dollars. total project about 1 million. State contracts planned mid August.

Cedar Rapids Iowa Department of Transportation J Avenue NE J Avenue Cedar Lake Jon Janda Public Services Shaver Road McLoud Janda

Capital gains tax cut debate heats in Congress

Washington lawmakers shift toward deep capital gains cuts opposed by President Carter as House and Senate leaders clash. Rep. Fisher forecasts committee action on his plan amid Speaker O Neill backing, while Sen. Long pushes for the deepest cut at 19.5 percent with 35 percent possible in committee proposals.

Washington Congress Carter House Joseph Fisher D-Va Ways and Means Committee Fisher Thomas O'Neill D-Mass Russell Long D-La Senate Finance Committee Long Treasury National Press Club Senate House

Dollar Sinks to New Low in Tokyo Currency Market

In hectic Tokyo trading the dollar fell to 192.10 yen and closed at 193.475 amid massive Bank of Japan buying. Europe saw mixed results with gains against some currencies but weakness versus the mark and Swiss franc.

Japan Europe Tokyo Bank of Japan U.S Teiichiro Morinaga Washington United States

Rockwell-Collins Announces Two UHF Units Orders

Rockwell-Collins reports the start of delivery on two orders for UHF receiver-transmitter units placed by the Australian government valued at 1.9 million dollars.

Rockwell-Collins

Collins units ship for Royal Australian Mirage and North Central DC-9s

Collins Telecommunications Products Division reports a 1.2 million dollar contract for UHF transceivers for Royal Australian Air Force Mirage aircraft plus 700 thousand dollars for Australian manufacturing. The firm also supplies VHF transceivers for North Central Airlines DC-9s, with spare units included in a 113 thousand dollar contract. Delivery is underway as Collins units are already used in 25 Convair CV-580 aircraft.

Collins North Central Airlines North Central

Ford Posts Record Second Quarter Profits

Ford Motor Co reported a quarterly profit of 540 million dollars or 4.55 a share for the quarter ended June 30 1978. Worldwide sales rose 22 percent to a new high while profit margin slipped 1.3 percent amid inflation and a less profitable mix of cars.

Detroit Ford Motor Co Henry Ford II Wall Street Ford

Insurance firm to open office in Des Moines

Iowa National Mutual Insurance Co. will open a claims service office in Des Moines, its eighth Iowa claims office and second expansion this summer. The firm also plans a seventh branch in Peoria Illinois next month to extend its full service claim offices across its network.

Iowa National Mutual Insurance Co Des Moines Peoria Ill Iowa National

Deadline extended for Iowa tax rent rebate claims

Disabled or senior citizens in Iowa have until Oct 31 to file property tax and rent reimbursement claims. The prior deadline was July 31, extended by State Revenue Director Gerald Bair. Eligible individuals include those 65 or older or 55 plus with income under 9000, with reimbursements for taxes paid in fiscal year ending June 30, 1978 or rent in 1977.

Department of Revenue

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