Stock prices fall on quiet Friday amid high rates
The Dow fell 3.90 to 992.87 as declines outpaced advances 3-2 on the NYSE. Trading was quiet with big board volume at 39.24 million shares. Analysts cited persistent high interest rates dampening market enthusiasm and keeping money in money market funds. Henry Kaufman of Salomon Brothers predicted any rate cuts would be brief before a new rise to record highs.
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New York
Henry Kaufman
Salomon Brothers
Investment Company Institute
Money Market
New York Stock Exchange
NYSE
Iowa Interest Joliet Livestock Market Report
UPI dispatch from Joliet Illinois notes cattle sales failed to establish a market test. Hogs 900 head showed a fair trade with barrows and gilts mostly 50 cents lower. Prices: No 1-2 210-240 lbs 52.50 to 53.25, 250-270 lbs 51.00 to 52.00, No 1-3 200-240 lbs 51.00 to 51.50.
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Joliet, Ll
UPI
Meat markets show light demand for beef and pork
UPI reports in Des Moines that Midwest wholesale meat demand was very light on Friday. Choice 3 steer beef 600-900 lb ranged 112.00 with select cuts up to 112.00, other weights not established, hog trade slow with many loads uneven. Fresh pork 14-17 lb up 1.50 to 107.00, 17-20 lb steady to up 1.00, 20 lb and up 87.00, bellies and hams mixed with slight moves, seedless bellies 12-14 lb down 2.00 to 46.00.
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Des Moines
UPI
Midwest
Stock Listings And Dividend Codes From Market Summary
A dense fragment lists stock tickers and market terms from an old page including company abbreviations and exchange references. It explains dividend notations and ex-dividend statuses, and mentions American, Boston, Cincinnati and Philadelphia market segments along with a price earnings ratio concept.
KOJC Celebrates Third Anniversary At New Cedar Rapids Site
Cedar Rapids radio KOJC FM marked its third anniversary and the grand opening of a new facility at 626 Fifth Ave SE. Rockwell International Northwestern Bell Hall Foundation and St. Wenceslaus Catholic Church received plaques for contributions. Darlene Avant and Robert Lipscomb were honored for service. A barbecue and dance followed, with continued celebration planned.
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Hall Foundation
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CETA
Seven Diamonds Disaster in Blue Ribbon Pairs
In a bridge hand discussed by Oswald Jacoby and Alan Sontag a modern sequence leads to seven clubs or seven diamonds but a seven diamonds contract would fail for East West at the finals. East George Reith and West Howard Schenken are noted stars with North Ely Culbertson and South Jo Culbertson. South delays seven hearts, while North passes to honor ethics in bidding.
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Alan Sontag
South
East
North
West
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Howard Schenken
Ely
Jo Culbertson
Seven Hearts
Hogs and sows move higher in Omaha market report
Omaha livestock notes rising animal prices with No 1-2 hogs 200-240 lb at 53.50 to 54.00 and 240-270 lb at 52.50 to 53.50 while sows show strength above 450 lb. Cattle feeder supply for auction scarce and cattle prices vary by weight. Chicago dairy and egg prices unchanged to mixed with butter around 146 to 149 and eggs to retailers at 63 to 62 for various grades.
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