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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 12, 1977
Page
15
The Associated Press report lists NYSE movers with notable gains and losses for Friday. Names include Alberto Culver, Amrep, Cabot, and Pfizer among others as prices shift at noon, reflecting volatility in blue chip and mid cap issues.
New York stock market opened strong on Friday then ended with only a token gain. Dow up about 3 points early, closed at 947.72, down 5.74 for the week. Gainers beat losers 4-3 on the NYSE. volume 18.23 million. Government data on retail sales helped initial buying. Fed money supply declined but did not curb fears of higher rates later. NYSE composite rose .02 to 54.72.
Livestock notes show low to moderate trade with butchers mostly 50 to 75 cents lower and sow prices down, receipts varying from 38,000 to 107,000. Egg prices on the Chicago Mercantile Exchange hold with mixed demand and steady to slightly higher per dozen bids for farm eggs across Grades A and B.
A Waterloo man and dozens of others face fines in a Magistrate's Court speeding and traffic offense docket. Names and addresses appear with varied fines from 10 to 40 dollars plus costs, including cases for defective equipment improper muffler and disobeying signals.
Former First Lady Betty Ford joined NBC under an exclusive contract, focusing on non political interests. The arrangement includes two documentaries in the next two years, one on dance and another on cancer research, with appearances on the Today show planned for the 1977 78 season.
William Harvey of Bettendorf was elected president of the Hillcrest Family Services board of trustees at the annual meeting in St Pauls United Methodist church. New three year board members are Michael Dona hue Dr Duane Carr and Mrs Larry Pugh. Hillcrest received the Agency of the Year award from the Board of Global Ministries of the United Methodist church, selected from more than 300 agencies. Hillcrest is a nonprofit child care and family services agency co sponsored by the United Methodist and United Presbyterian Church USA.
Phyllis J. Ondler pled guilty to failure to have a vehicle under control and improper passing on Jan. 25 and received a $50 fine for each offense in Linn district court First avenue division. Donald F. Westphal faced Feb. 5 drunk driving charge with a deferred sentence. Vernon R. Cady charged March 9 with intoxication and fined $15. Douglas L. Jordan charged March 7 with public intoxication and resisting arrest received two $50 fines.
Former Transportation Secretary William Coleman nominated to join the board of American Can Co. in Greenwich Connecticut. He will be paid 7000 dollars annually plus 500 dollars for each monthly board meeting and 300 dollars for each committee meeting. directors vote on April 26.
The Gazette column covers stock price volatility, convertible bonds, and personal finance advice. Topics include earnings multiples, investing monthly, treasury bills, tax exempt bonds, IRAs, bonds ownership changes, and price earnings definitions with reader questions answered by Sam Shulsky.
Dressed Meats reports lighter beef demand with steady steer and higher heifer values. Pork shows moderate to good demand with several cuts up, while storage transfers and varied belly prices move along. Chicago grain futures list wheat corn oats and soybeans with minor shifts in bid quotes.
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