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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 22, 1978
Page
22
A dense stock market fragment shows prices for Lockheed, Loews, Texaco, Exxon and many others. It lists annual dividends, 1978 stock paid in 1977 notes, and various market indicators across eight markets with notes on composites and indices.
The Dow Jones average edged up 1.12 to 826.05 as a stronger dollar offset higher interest rate concerns. NYSE composite rose 0.06 to 53.97 with 1,721 issues in play and about 15.77 million shares traded.
Chicago market brief lists wheat No 2 hard red winter at 3.12 4n and No 2 soft red winter at 3.14 4n. Corn No 2 yellow at 2.56n on hopper and 2.50n on box. Oats No 2 heavy at 1.43n. Soybeans No 1 yellow at 6.71/2n.
UPI reports light demand and lower hog and sow prices in Des Moines market with 50,000 receipts. Midwest carrot meat trade shows beef slower and pork prices mixed with export loin and loin ranges. Chicago bulk prices hold for butter and eggs. Omaha livestock totals mark hog declines and varied cattle values with Friday receipts estimated.
A member of the Iowa Commission for the Blind protested a proposed federal audit urged by a Gov. Ray ad hoc panel saying the agency is already audited annually by the state and that the federal review would be unnecessary. Director John Taylor noted federal approval for the audit to verify proper handling of federal funds. The panel’s findings last month and the commission’s response drew debate over changes and the panel’s toughness. Des Moines reports show mixed market activity for live hens and eggs with undertones of weak demand and price variation.
On Wednesday at the YWCA, North South players Beth Hatch and June King won first place, with Lou Harrington and Virginia Stamy second. East West winners were Jim Ott and Ralph Zelhofer first, Lorraine Golembiewski and Connie Hellenthal second. Next game is Wednesday at 7:30 at the YWCA.
On this date in 1968 thousands of U S troops were pulled from the South Vietnam countryside to defend the Saigon perimeter amid rising enemy pressure. Golf event winners include Diana Faulkner as medalist and Linda Frisch as champion with Flight winners Lois Donaldson Dade Smith Lucille Heywood Geneva Wear Barb Eastland Candy Tibbitts Betty Sampson Arlene Straub and Sharon Vana in special.
Australian dockworkers in Sydney halted beef exports amid rising prices after Australia planned larger meat shipments to the United States. The U S Agriculture Department said the move could threaten plans to import about 200 million pounds of beef to curb price pressures, noting Australian retail beef costs rose sharply while cattle holdings fell.
The new U S Conference of Mayors president urged state governments to share in local revenue amid tax revolt fears. Mayor MacNichols of Denver called for in state revenue sharing as Atlanta Mayor Jackson urged cities receive funds for mandated programs.
The dollar firmed in Japan and Western Europe after a two day drop, closing at 209.85 yen in Tokyo and gaining against the mark, franc, and pound in early European trading. Traders see a brief rebound before likely further declines, helped by Fed tightening and anticipated higher bank rates. Gold prices eased in London and Zurich.
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