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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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