Dow Nears 1000 as Market Advances at NYSE
The Dow Jones Industrial Average rose sharply toward the 1000 level with gains around 11.05 to 490.87 at 2 pm. Volume reached 17.09 million shares as Transamerica led active issues by 3/8 at 11 1/2. The Big Board index climbed 58 to 54.94 with the broader market rally supported by favorable government data and expectations on interest rates.
MENTIONED IN THIS ARTICLE
New York
Uli. Fur Gar
Federal Reserve
Mdafternoon
Transamerica
NYSE
Bond Posted on Rape Charge
Frank Peter Gamatlts 32 of 945 N street SW was released from Linn County jail after posting 5000 bond on a rape charge. He was arrested following a Cedar Rapids girl’s report that the man had entered her room with Gonzales multiple times last month. Edith Rocirek 52 of 2407 Teresa drive SW was hospitalized in serious condition with a fractured right arm after a fall at Quaker Oats on Second Street NE Wednesday noon.
MENTIONED IN THIS ARTICLE
Frank Peter Gamatlts
N Street
Fran
Linn County
Cedar Rapids
Gonzales
Edith Rocirek
Teresa Drive
St. Luke's
Second Street
Cedar Rapids market prices for hogs and fat cattle drift lower
The Cedar Rapids hog and beef market reports show Thursday quotes for delivered butchers in the 200 to 230 pound range at 44.00 to 49.56 per hundredweight with steady sow prices around 42.50 and various discounts for heavier hogs. Packers’ ranges move with weight. special notes include Wilson and Company shutting its Cedar Rapids hog buying on Saturday and no hogs accepted. Markets also list cattle quotes with steers and heifers in the 38 to 58 dollar range and mixed grade meat values across several types.
MENTIONED IN THIS ARTICLE
Wilson and Company
Cedar Rapids
Livestock Market Report and Futures Amid Chicago Trades
A garbled livestock market summary from Omaha to Chicago outlines cattle and hog bids, futures trends, and price ranges. It notes steers under 600 pounds to over 1000 pounds and various cow classifications with prices, while mentioning futures activity and regional market adjectives.
Grain futures close lower on Chicago Board of Trade
Prices for soybeans, oats, corn and wheat fell sharply on Thursday with soybeans and oats down over 20 and 6 points respectively. Final quotes showed soybeans near 10.24 to 20 cents lower per bush, corn 3 to 5 lower, oats about 6 lower, and wheat 2 to 4 lower.
MENTIONED IN THIS ARTICLE
Anuadd (Ap
Chicago Board of Trade
Livestock market report shows slow trade and mixed demand
UPI notes very slow demand and mostly lower bids for butchers with meats and livestock across Iowa and Chicago markets. Cattle and hog prices vary with some declines while receipts are tallied. regional reports mention sluggish trade and price gaps contrasted by occasional steady or firmer spots.
Vechten memorial reading slated at Twinkle Home
A reading tonight at 7 30 p m at the Twinkle Home pavilion near Van Vechten Park honors Carl Van Vechten on what would have been his 96th birthday. The public is invited to attend this Cedar Rapids event and remember the noted author.
MENTIONED IN THIS ARTICLE
Carl van Vechten
Twinkle Hoi
van Vechten Park
Mr. van Vechten
Life Investors Buy N M Facility Details
The USP Real Estate Investment Trust of Cedar Rapids announced purchase of a 179000 square foot light industrial facility in Albuquerque New Mexico. The deal places the building under Sundell Corp leasing and boosts Life Investors assets to over 235 million including properties across the United States.
MENTIONED IN THIS ARTICLE
Albuquerque
USP Real Estate Investment Trust of
Cedar Rapids
Life Investors
Sundell Corp
United States
Industrial output rises for 13th straight month
Washington AP reports May industrial production up 0.7 percent led by demand for new home appliances non durable consumer goods and business equipment. The Fed notes gains across mines factories and utilities amid ongoing recovery despite rubber strike and auto slowdowns. New housing starts rise 2.5 percent while Nat gas supply via interstate pipelines may be about 30 percent lower this winter.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Gion
Etil
Commerce Department
Federal Power Commission
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Center Voilet Ra
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Sixth Avenue SE
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Hoyrence Ciclinn
Athihis
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