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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 10, 1977

Page

20

Wall Street Averages Slip in Mixed Late Trading

New York stocks end lower on broad selling driven by tech and industrials with the Dow Jones and S&P drifting after midday gains. Traders cite profit-taking and volume shifts as major factors, while several large-caps show minor slips amid a cautious market mood.

Mixed Day on Wall Street and Agricultural Markets Across Regions

Stocks closed mixed with the Dow down 2.03 to 907.82 as gainers edged losers 4 to 3 on the NYSE amid light volume. Citibank held its rate steady, keeping a cautious mood in trading. Across Iowa, livestock and grain trades showed slow demand with various price moves in beets pork and soy markets.

NEW York New York Stock Exchange

Cedar Rapids hog market slips amid weight based cuts

The Friday hog market in Cedar Rapids shows 50 cent lower butchers and 1 dollar lower sows. Trade covers 200 to 230 lb butchers at 41.50 to 42.00, with heavier ranges facing incremental cuts up to 300 lb. Sows at 36.00 to 36.50, while packers face tiered declines beyond 230 lb. The Des Moines egg and grain sections note mixed price movements with eggs and grain futures steady to up slightly.

Cedar Rapids Des Moines

Hog Market Mixed as Trade Slows Across Regions

Iowa hogs saw slow trade and lighter demand with prices down 50 cents to 1 dollar for many classes. No. 1-3 200-230 pound hogs sold around 41.75 to 43.00, larger weights 41.00 to 43.00, sows lower in a broad range, and receipts estimated at 45,000. Omaha and Joliet markets echoed declines for barrows, gilts, and sows with cattle and calves also down. Chicago wholesale prices showed little change in butter and mixed egg deliveries.

Des Moines UPI Omaha (Ap USDA U.S Joliet Til Chicago First Mid-America Chicago Chicago Mercantile Exchange First Mid-America

Monitor interest rates to track inflation moves

Washington AP reports the anti inflation watchdog will immediately monitor interest rates amid recent increases and speculation of further rises. Council of Wage and Price Stability acting director Robert Crandall calls a study warranted. ON THIS DATE in 1967 Israel agreed to UN cease fire with Egypt in the Six Day War.

Washington Carter Administration Robert Crandall The Council of Wage and Price Stability Israel United Nations Egypt Middle East

Cedar Rapids Briefs Report Cards Hit Schools

Community district mails report cards to junior high students and seniors on Friday with sophomore and junior cards to follow next week. Local ads note services, sales, and events including promotions, rentals, and a memorial service at the Knights of Pythias hall.

Cedar Rapids Community Knights of Pythias and Pythian Sisters Pythian Hall Charles Stevens The Open Bible Church Frances Stroope

Newark Woman Charged in Conspiracy Tied to Ten Marriages

Federal authorities accuse Selena Smith and 18 others of orchestrating 35 sham marriages to Haitians to gain U.S. citizenship. The indictments mark a large immigration fraud case near New York, with several aliens pledging guilty and three organizers named. Each defendant faces prison and fines if convicted.

Newark N.J U.S Selena Smith Selena Brevard Selena Deneus Susan Joseph Susan Wright Delores Zamilus Barbara Beaubrun U.S. Immigration and Naturalization Service Immigration and Naturalization Service Goldstein U.S. Attorney’s Office Jean R. Cadeau Jean W. Laurore East Orange Jean S. Soiro

FTC Effort to Regulate Nonprofit Deceptive Practices Stalls

Washington AP Intense lobbying by United Way Catholic Conference American Medical Assn and others blocked congressional moves to grant the FTC authority over nonprofit groups. Proponents warned of fraud in fly-by-night schools while opponents cited paperwork burdens and IRS power to revoke tax exempt status.

Washington Congress Federal Trade Commission FTC Michael Pertschuk Pertschuk House Senate United Way of America The Catholic Conference American Medical Assn American Dental Assn Internal Revenue Service

Also Mentioned on This Page

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