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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 30, 1980
Page
20
United Press international reports midmorning stock levels with oscillating prices. Trading shows varied gains and losses across blue chips and industrials as investors track earnings and market signals in a broad array of listed names.
Reports from Joliet indicate Monday cattle prices fell about 2.00, heifers down 50 to 1.00, choice steers 66.50 to 68.00, stock hogs up 1.00, and barrows and gilts 50 higher. No. 1-2210-240 lb steers 43.00-44.00, 240-279 lb 41.00-42.50. Tuesday estimates show cattle at 25, hogs 1,200.
United Press International report from NYT shows Amex composite prices for selected stocks as of 11:20 AM. Various ticker entries and price figures appear with inconsistent OCR formatting.
UPI reports light demand in the Midwest meat market. Beef prices trend lower with steer sales weak and heifers down. pork trades show thin interest with loins and bells showing modest gains or drops across weight classes.
Cedar Rapids hog prices were steady to 25c higher with packer gains to 1.00 and butchers steady to 1.00 higher for 400 to 550 lb ranges. Hog loads 200-230 lb mostly 40.25 to 40.75 delivered. sows 400-550 lb 32.00 to 33.50. over 550 lb 31.00. Sheep spring lambs 58.00 to 60.00. Sioux City cattle and hogs mix saw declines across steer, heifer, and cow classes with various load prices listed. hoges active with gains of 50 higher for many reprices.
The U S Supreme Court refused Georgia's appeal to lift a lower court stay blocking the Tuesday execution of condemned killer Jack Potts. Millard Farmer of Team Defense Project said the court denied the attorney general's request, confirmed by a Washington spokesman.
Hogs and cattle markets show active trade with higher butcher hogs and firmer sow prices. Iowa Des Moines reports steady to higher ranges for hogs and sows with sizable receipts. Omaha notes gains on 200-240 lb hogs and higher sows, plus cattle declines on slaughter steers and lower cows. Chicago grains show No 2 hard red wheat near 3.94, corn around 2.72, and soybeans 6.39 with varied quotes. United States markets also cite light demand due to plant vacations and steady undertone in live poultry markets.
Sunday competition at Farmers State Bank in Marion produced North south winners Dick Golembiewski and Ken Hixon first with Ruth Helm and Jeannie Sloman second. East west winners Bruce Thiher and Jim Boardman first with Mary Ann Boardman and Alan Langenfeld second. Next game at 5:30 p.m. Sunday at the bank.
Spot crude prices slump due to weak demand, with some crudes trading below official OPEC levels for the first time since 1978. PIW notes OPEC on a collision course with the spot market as July price hikes approach and African crude feels the brunt more than Middle East grades.
Kuwait boosts its crude price by $2 a barrel effective Tuesday. Venezuela Iraq and Libya are expected to follow with increases from 28 cents to $2.20 per barrel. The changes are the fourth round in eight months and should lift U S gasoline prices later this year. A Kuwait spokesman said the rise from $29.50 to $31.50 complies with OPEC minsters resolutions.
Cedar Rapids grain prices show soybeans up 2 1/2 cents across June July August and new crop. Yellow corn declines and remains steady for white corn and oats with deliveries to Cedar Rapids processors at 10 00 a.m. Monday. Pro Farmer Grain provides the quotes with listed bid numbers for NO 2 corn NO 1 yellow soybeans and oats.
New York stocks drifted lower on Monday as investors weighed a possible end to rate cuts. The Dow stood at 872.78, down 9.04, with 1,937 declines and 350 advances amid Fed rate concerns and a widening trade deficit. Esmark led NYSE activity while Gem and oil peers paced the Amex at weaker levels.
May machine tool orders fell 9 percent from May 1979 to 433.4 million dollars, with metal forming tools down 30 percent. Backlog rose 1 percent to 5.6 billion as auto and airline demand sustain production, while cancellations climbed to 62.3 million, 12.5 percent of total orders.
In the district court of the above area the estate of Rath E Pey Ye is probated. The notice warns that no administration will occur until required actions are taken within the specified time. Clerk HL Perry Jr, District Court, issues the probate call for the estate of Rath E Pey Ye.
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