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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 30, 1978
Page
27
United Press report lists mostly corporate prices and quotas at 10:30 am in New York. The sheet names Abbott Alcoa Air products Amex Allied and many others with bid and last sale figures, percent changes, and volume indicators across numerous companies and sectors.
Composite prices list trades from Amex Boston Cincinnati NASD Instinet Pacific Midwest Philadelphia with special dividend codes and ex dividend notes. Dividends column explains annual rates and adjustments for 1977 1978 with cash stock splits and issued warrants. Prices include high and low markers and earnings ratio defined by last 12 month earnings over last sale.
Rockwell International's Avionics and Missiles Group donated a 1.1 acre tract beside the Bezanson Scout Service Center on Collins Road to Junior Achievement of Greater Cedar Rapids. The donation, announced during a ceremony at Rockwell-Collins, supports a new Economic Education Center and a $428,000 capital fund drive.
Des Moines reports demand modest with fresh pork loins 14-17 lb around 86.75, bellies and skinned hams largely steady or higher in parts. Webster City hogs see moderate trade, butchers 1.00 lower and sows down 25-50. Chicago USDA prices show butter and egg quotes steady with minor retail ranges for Grade A eggs and butter.
In New York trading, inflation fears weighed on stocks as the Dow fell 1.99 to 759.79 by noon. Airco Inc led losses, dropping 2 1/2 percent amid large purchases by BOC International Ltd increasing its stake to 6.6 million shares, 54 percent. Sears Roebuck slipped to 223 8, Sony eased to 73 8, while Simplicity Pattern rose to 131 8 as volume dropped from 11.5 million to 9.2 million.
UPI reports moderate but uneven demand in Iowa hog markets with lower bid levels for butchers and sows. No 1-3 200-230 lb hogs bring 46.00-47.25, while heavier categories range from 42.25 to 46.50 per hundredweight, with receipts around 85,000 for the period.
Cedar Rapids hog market declined 50 cents Thursday with prices for 200 to 230 lb butchers around 45.50 to 46.00 and sows at 40.50 to 41.00. Lambs and sheep fell about two dollars while grain prices moved higher, including corn at 2.28 April, 2.30 May, 2.15 new crop, and soybeans 6.58 to 6.62 for April and May crops.
West and north central states see steady poultry demand with very light trading and heavy movement of previously negotiated flocks. In Chicago and Omaha, hogs and cattle prices show mixed results with declines on hogs and modest gains on select cattle, while Sioux City reports slow hog trade and weak cattle activity. Thought for today quotes James Russell Lowell on courage for the fallen and weak.
The Commerce Department reports the index of leading indicators held steady in February after a 1.3 percent drop in January, the steepest in three years. Six of ten indicators rose including average work week and new orders, while negatives came from stock prices and money balances. layoffs stayed unchanged.
The dollar rose against the yen in Tokyo to 222.65 after fluctuating, while European markets showed the currency largely steady. Gold extended its Wednesday decline beneath 180 per ounce in London and Zurich. In Frankfurt and Zurich the dollar bought 2.0308 marks and 1.8822 francs respectively, with minor changes elsewhere. The British pound fell to 1.8720 dollars amid cautious sentiment following bleak UK economic outlook reports.
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