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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 20, 1979
Page
8
Selected composite prices as of 10 30 a m NYT from United Press International show hundreds of stocks across multiple exchanges with values, changes, and percentages. The list includes Amex and NASD entries, with notable names such as AmCan, Exxon, General Electric, IBM, Coca Cola, Chrysler, and Ford among others reflecting a broad market snapshot.
The Dow Jones stock averages open with values showing mixed performance across the industrial, rail and utility sections. Initial figures list the industrial at 853.60, rail at 217.67, and utilities at 10.43 with modest changes from the prior session. News by Netwig notes declines in certain sectors and mixed trading as markets digest early developments.
UPI reports hourly Standard & Poor’s indices in New York with figures for Industrials Utilities and Financials. PrevClose values shown at 112.79 for one index, 13.61, 50.84, and 11.6 for others, indicating daily shifts and level readings.
UPI reports dampened trading as Carter administration energy policy uncertainty spooks investors. Dow falls to 855.59 by 1:15 p.m. EST, with the NYSE composite down 0.08 and the market breadth showing more decliners than advancers.
UPI reports Tuesday hog trade in Des Moines with moderate demand and mostly lower prices for hog categories, including 50-100 cents down for butchers and sows. Receipts estimated at 85,000, up from last week. Futures trading on the CME reflected mixed lean meat and pork cut trades, with beef showing strength and pork weaker on recent demand signals.
Eloise A. Brown 39 also known as Eloise Watson was arrested and charged with assault by Linn County deputies Monday afternoon. Deputies Sgt. Evelyn Covington and Sgt. Norman Popenhagen went to 513 18th St SE to remove eight furniture pieces for sheriff sale. Brown allegedly blocked movers and bit Copenhagen on the wrist when restrained. She was held briefly in Linn County Jail and released on bond the same evening.
Washington reports Fiat recalls over 31,000 rusty 1970 and 1971 Fiat Spyder cars due to underbody corrosion that could affect suspension and steering. NHTSA found safety risk and recalls also cover 1972 74 850 Spyder and 1970 74 Fiat 124. Purchasers after January 16, 1971 may get repair or buyback at depreciated price. earlier buyers will be repaired but no extra compensation. Owners will be notified.
Banks of Iowa Inc Cedar Rapids based holding company marks its 10th anniversary by declaring a 10 percent stock dividend and a 28 cent cash dividend payable June 15 to stockholders of record May 25. The meeting will feature nominee for the board and a May 17 address by Louis Rukeyser at Stouffer's Five Seasons.
The Cedar Rapids market showed lower hog prices for butchers and packers while sows held steady or declined by weight. Cattle with top steers and heifers spoke to beef demand, and sheep prices for lambs remained steady. Grains and soybeans rose modestly with oats and white corn steady. quotes reflect delivery to Cedar Rapids processors and Chicago markets.
Webster City livestock column shows hogs active trade with demand around 900 head, hogs 950, and prices for various weights. No cattle reported, but sow prices range from 42.50 to 43.25, with typical barrow and gilt tiers listed for 200 to 700 pound ranges.
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