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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 16, 1979
Page
15
Selected composite prices at 3 p.m. from NYT UPI show Abbott Labs Aetna and Alcon among many names with varied gains and losses. The Amex Nationwide composite follows with Adobe and other firms posting mixed results amid market activity across eight markets.
UPI reports USDA bulk selling prices for butter held at 93 and 92 score with no change for delivery to Chicago. Egg prices to delivery changed. Retail prices to retailers for Grade A extra large 68 7, large 66 68, medium 56 58.
Gov. Robert Ray mocked an EPA rule requiring states to limit all particulates, even rural dust, while Iowa’s Air Quality Commission backed a plan that excludes fugitive dust from state calculations. The commission sent a letter to the EPA and lawmakers supporting rural needs and cost considerations.
The stock market ended the week with modest gains on Friday. The Dow Jones rose 0.96 to 843.30, up 8.15 points for the week, while NYSE volume was 32.93 million shares with eight gainers to seven losers. The NYSE composite fell 0.02 to 57.85, S&P 400 declined 0.17 to 113.34, and S&P 500 slipped 0.11 to 102.09.
UPI livestock notes slow hog demand with butchers steady and sows steady to firm. Prices show No 1-2 hogs at 200-230 lb around 39.50 to 40.00, some 40.50 and a few 100 head western area at 41.50. 230-250 lb 38.25-40.25. 250-270 lb 36.50-39.25. 270-300 lb 33.50-38.25. sows 31.00-33.00 for 390-600 lb.
Data from Des Moines and Chicago show slow beef trade with demand light and limited movement of choice steers and heifers as transportation bottlenecks hit eastbound orders. Pork markets also soft on transport problems with loins and hams quoted lower to higher. regional livestock receipts indicate soft cattle sales in Joliet.
Ford announces two recalls affecting about 248000 1979 models of Ford LTD Mercury Marquis F series trucks and related models due to potential brake hose rupture and a faulty brake pedal retaining pin. No accidents or injuries reported. Owners will be notified to visit dealers for free inspection and repair.
A Boone County suit seeks 7.65 million alleging land damage and great bodily harm from a January 10 Norfolk & Western derailment in Columbia. The N W train spilled 20 000 gallons of chlorophenyl and traces of dioxin prompting evacuations. The defendants include Dresser Industries G A T X Corp and Monsanto Chemical Co.
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