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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 07, 1978
Page
16
New York stocks show scattered gains at 10:30 am with notable movements in Alcan Allied Chemical and American Airlines among others. UPI reports composite indices and dividends details across eight markets including NYSE Amex Boston Cincinnati NASD and Philadelphia with standard and poor indices noted.
A Sunday parade event highlights America’s first gourmet hospital project and its featured culinary showcase. Local organizers invite residents to attend as plans unfold for a distinctive health care facility blend of medicine and cuisine.
New York stocks posted modest gains with the noon Dow Jones industrial average up 0.52 to 743.24. Advances led declines 4-3 on the NYSE as traders eyed support at the 740 level amid coal strike worries. NYSE composite up 0.07 to 48.44 and AMEX up 0.28 to 122.84 with 7.82 million shares traded.
In Des Moines market news firms show steady demand with moderate trading and spotty activity. Off farm movement remains irregular with occasional short supplies. farm prices for commercial flocks run 6.47 to 7.50 cents per pound. Sioux City livestock data note hogs about 3 500 head and steady to higher cattle trade with prime steers and heifers priced around 43 to 47 dollars per hundredweight.
Des Moines livestock notes show hogs moving slower with steady to higher butchers and steady sow prices. Receipts around 75,000 with prices listed by weight. Chicago futures edge higher on soybeans and corn with processor bids shown at Cedar Rapids. USDA bulk prices unchanged for butter eggs with retail grade ranges listed.
Cedar Rapids hog market rose 50 cents with bulk buyers at 45.50 to 46.00 for 200 to 230 pound butchers and 39.50 to 40.00 for 300 pound sows. Heavier weights incur reductions, while packers face smaller cuts. sheep prices were steady with shorn lambs 65 to 70 and wool lambs 60 to 65, discounts for lambs over 105 pounds.
Baja California and San Diego County face a week of storms leaving at least 37 dead and hundreds of millions in damage. Officials warn of another storm while recovery slows, with Tijuana hit hardest and Ensenada area emergency operations ongoing.
James McIntyre Jr., director of the Office of Management and Budget, will be the keynote at the Small Business Conference 78 in Cedar Rapids March 30 at the Roosevelt Royale Hotel. The event, sponsored by Rep. Mike Blouin, includes 30 agencies and a day of seminars for small business owners and applicants.
The U S dollar firmed in European markets as Carter invoked the Taft-Hartley Act to curb coal miners, with gains seen as limited amid tensions over dollar stability. Kuwait urged substantial oil-price hikes to offset revenue losses from dollar weakness. London traders noted reduced speculative dollar selling following the move.
UPI reports midwest meat markets with pork demand moderate and prices steady to higher on various cuts from Boston butt to skinned hams. Beef demand fair to good with limited steer sales and choice beef prices ranging from 68.00 to 74.00 for different weights and heifers from 67.25 to 70.75.
Chrysler says recall letters will be sent soon to owners of 1975 to 1977 Dodge Dart Aspen Plymouth Valiant Volare models with 228 cubic inch six cylinder or 318 cubic inch V eight engines. Dealers will inspect and repair after owners present recall notices. The move follows NHTSA pressure.
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