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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 15, 1979
Page
19
New York Selected Composite prices show Abbott Lab and Allied Chemical among gainers while Amoco and Exxon move modestly. Markets reflect varied early activity across sectors with many large names updating last sale figures and daily changes.
In Chicago butter prices paid on delivery remained unchanged at 93 and 92 scores with a base of 121.80. Retail butter prices for Grade A extra large to medium cartons showed ranges of 68 to 71, 66 to 68, and 56 to 58 respectively.
In Des Moines the Federal State Market News Service reports light offerings and limited slaughter while buyers stay cautious. Prices per dozen to producers at farms show Grade A large 48 51c, medium 39 40c, other forms Grade A large 32 36c and medium 24 27c, with cents per pound for shooks 11 12c and various small adjustments in incentive and bulk demand.
Cedar Rapids hog prices were steady to mixed with butchers near $39.50 to $40.00 for 200 to 230 lb cattle and packers higher by 50c at 550 lb. Sows numbered $31.00 to $31.50 for under 550 lb and $28.00 for over 550 lb. Sheep prices fell about $1 with spring lambs at $62.00 to $64.00. Soybeans and corn prices rose modestly on the grain market with June to August soybeans about $7.48 to $7.64 and corn around $2.51 to $3.21 for various crops.
Four individuals faced drunken driving charges in Linn County this week. John H. Spoerl aged 63 was arrested at 7 45 p m at the 12th Avenue and 10th Street SE intersection and charged also with failing to stop at a clear distance. Leonard A Yee 28 of Shellsburg was taken into custody at 2 20 a m on Highway 30 at West Post Road SW and charged with speeding. Leo A Kilberger 37 of 2415 Wisconsin St SW was arrested at 2 20 a m on Wilson Avenue near Sixth Street SW. William W Schminkey 27 of 815 Second St SW was picked up at 2 22 a m in the 200 block of 14th Street SE.
Washington AP reports the nations industrial production rose 1.3 percent in May from a strike low in April. Output expanded across major products and materials though consumer goods and construction supplies stayed below March. The May index reached 152.1, near March levels, signaling a cautious outlook.
Mike Powrie of Local 405 says the proposed one year contract would lift journeyman wages to 14.76 while fringe benefits are funded from the wage, leaving locals ranking sixth in state pay. Pickets posted at construction sites as talks pause with a possible meeting next Tuesday.
UPI reports Friday hog trading with slow demand and steady to firm quotes. No. 1-2 200-230 lb hogs top at 39.50-40.00 with some 40.50 and larger lots near 41.50 in the western area. larger 300-600 lb sows 31.00-33.00.
Harold E. Gilbert of Ottumwa named manager of the Cedar Rapids District for Iowa Illinois Gas and Electric Co. He replaces Louis L. Inghram who becomes superintendent of the Louisa Generating Station. Roegiers will take over Ottumwa District duties. All appointments effective immediately.
John D. Murchison, newly named head of the Boy Scouts of America, died after breathing difficulties at Texas Governor Bill Clements home. He was pronounced dead at St. Paul Hospital in Dallas late Thursday, sources said.
Wheat No 2 hard red winter 4.24. No 2 soft red winter 4.44. Corn No 2 yellow 2.81 half. Oats No 2 heavy 1.62. Soybeans No 2 yellow 7.68. Corn Thursday quoted at 2.79 half and 2.75 box.
Des Moines reports slow beef trade with limited activity in choice steer and heifer beef as transportation problems curb orders, especially to the East Coast. Prices show 800-900 lb choice steers at 101.50 and 500-700 lb choice heifers at 100.50, while pork lines edge higher for some cuts despite overall light demand.
Stanley E. G. Hillman, trustee of the Milwaukee Road in bankruptcy, submits his resignation to U.S. District Judge Thomas R. McMillen citing health reasons after a week in hospital for a perforated ulcer. He notes his resignation may wait until a replacement is chosen.
Mitchell movement winners in a Thursday game at Kenwood Park Presbyterian Church were North South Alice Koenig and Ivah Water first, Lorraine Golembiewski and Vi Schenken second. East West Mrs Thomas Mullin and William Jennings first, Richard Golembiewski and Richard Moenk second. Next game Thursday noon at the church. 10 years ago South Vietnamese announed would take over some supersecret American electronic outposts.
Avco Financial Services One, Inc. a unit of the third largest consumer finance company, will begin issuing Demand Certificates on June 11 1979. The savings certificates offer 9.30 percent interest on accounts receivable totaling 2.7 billion dollars.
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