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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 26, 1977
Page
17
An OCR fragment shows scattered stock names and prices from a New York market report. It lists varied tickers, last prices, net changes, and percentages with numerous errors and unreadable sections. The fragment includes many company names and numbers, resembling a crowded screen of up and down tickers without coherent narrative.
Readers press economist Sam Shulsky with questions on market role, bonds, and gold. He argues speculation fuels long term investing, cautions on bonds depend on goals, and notes gold futures are unpredictable. writes answers through the Gazette column.
The Dow dropped 6.81 to 928.86 as the market slid for a seventh session. Volume on the NYSE was 16.55 million, with declines leading advances 9 to 5, and the composite index slipped to 53.92. American and NASDAQ indices also fell, signaling continued profit pressures.
Soybean futures rose sharply on Friday gaining 19 cents per bushel after a three day loss while soybean oil hit the daily limit up 100 points and soybean meal climbed $2 a ton. Wheat corn and oats reclaimed some ground as late buying and short covering pushed prices higher.
Livestock prices in Des Moines show slow to moderate trade with butchers steady to 50 higher and sows steady. Receipts: 55,000. Midwest carrot trade notes beet and pork markets with mixed shifts. beef categories show slight gains while fresh pork loins and Boston butts move with varied declines.
Robert Bennett, a 68 year old Chesapeake City Maryland father of five, won the 680000 superprize in Ireland's hospital sweepstakes. His sister Grace Long bought the ticket. The prize ends the next draw with plans to cut the top prize to 425000 and add more smaller awards.
Collins Radio officials announce a special emergency family plan insurance signup through month end aimed at spouses of Penick and Ford plant workers laid off during mothballing. Signup makes family coverage effective April 1 and affected employees should contact Dick Maulorico at extension 2208.
Regular meeting notes Hiawatha Iowa March 16 1977 authorizes 7 inch reinforced concrete paving for Boyson Rd and street construction plans for 1977 78 adopts median drive over and prep for bids. Includes library parking lot blacktop plans sewer water to Mormon Church Park project timing and various city matters.
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