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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 24, 1980
Page
10
UPI stock snapshot lists Abbott Aetna Air Products Allied Signal Amex listings with numerous price changes at 10 30am. Composite figures show varied performance across major groups including industrials utilities and financials with no decisive trend emerging.
Amex stocks and composite prices as of 11 20 am with United Press International data from NYT. The list includes numerous securities such as Circle K Dome Petro Solitron Dev Teleflex Sysco and USFilter with last prices gains and losses shown alongside percent changes and vendor codes.
A United Press International stock snapshot from 2015 lists the Dow Jones Industrial Average and component values with declines. The report shows daily net changes and percent movements across major indices.
USDA data shows delivery prices held steady for beef and eggs in Chicago. Carcass beef prices at 92 score A range 129.50 to 131.33 and 93 score AA at 133.50, while eggs for Grade A cartons delivered to retailers cost 62.64 for extra large and 60.2 to 61 for large, 52 to 53 for mediums.
UPI reports live hogs in Des Moines with demand light to moderate and prices down about 1.00 to 1.50, No. 1-2 200-230 lb butchers 30.50-32.50, 230-250 lb 30.25-32.50, 250-300 lb 29.50-32.00, sows 29.00-30.50. receipts 125,000.
Cedar Rapids hog market falls 1.00 to 1.50 on most weights while packers drop. cattle and sheep prices shown with ranges for 200 to 230 lb buyers. Grain quotes list corn soybeans oats and white corn with nuevos, all for delivery to Cedar Rapids processors. Des Moines and Sioux City reports note eggs, beef and pork trade shifts and cattle and hog movements.
Washington's anti inflation drive pushes visa and MasterCard issuers to curb credit extended and consider new charges. Bankers view the rules as a chance to make cards profitable while maintaining limits. experts like H Spencer Nilson urge small per use fees and higher minimum payments to curb balances. Kenneth V Larkin of Bank of America notes banks will adjust fees and limits, balancing practicality with political risk.
UPI reports a broad market drop Monday with the Dow Jones down 13.91 to 771.24 at about 1 15 p.m. EST amid inflation concerns and government borrowing plans. NYSE index fell 1.17 to 57.07 as volume neared 20.9 million shares. IBM, First Pennsylvania and Pennzoil among active issues.
The dollar rose on European exchanges amid rising U S rates. Gold advanced with London dealers fixing gold at 544 dollars per ounce, Zurich price at 541.50, and Hong Kong gold closing 542.95, while major currencies moved against the dollar and London pound slipped to 2 1765 dollars.
General Mills reports a 15.2 percent rise in quarterly sales to 975.4 million and a 37.9 percent jump in net earnings to 31.3 million for the quarter ended February 24. Chairman E Robert Kinney cites all five major businesses contributing to the gain.
The New York Times will print a Midwest edition this summer with two sections. One section carries national foreign culture news and newspaper features while a second section repeats the Business Day section for readers in Chicago and other Midwest markets.
UPI report from Webster City shows hogs trading slow with butchers 2.00 to 2.25 lower and sows down 1.00. No test above 240 pounds while No 1-3 200-240 lb butchers bring 31.00 to 31.50. No 1-3 300-700 lb sows 30.50 to 31.50. Cottle unavailable.
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