New York stocks show broad moves in early trading
Selected composite prices from United Press International as of 10 30 a m list gains and setbacks across major names including Abbott Aetna Allied Chem Alcoa Air Products Amex and NYSE components with varied loads, noting multiple firms in the 20s to 60s range and several near 70, 80, or higher.
MENTIONED IN THIS ARTICLE
New York
United Press International
Boston
Cincinnati
p-Pacific
U- Midwest
Philadelphia
Amex
Dow Jones Stock Averages And S P Index Hit Mixed Readings
United Press International reports a mixed Monday session with the Dow Jones average showing modest declines in some sectors while the Standard & Poor's index edged higher. Industrials and utilities movements blend with slight shifts in closing figures and hourly readings.
Stocks slide broad and steep in early Monday trading
New York markets fell as investors worried about possible Federal Reserve credit tightening and higher interest rates. Dow Jones dropped to 840.43, NYSE index down to 56.10, with 1,261 declines and 206 advances among 1,800 issues. Trading volume around 17.96 million shares. Midwest carrot meat trade notes and pork market slower with varied price shifts.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
New York Stock Exchange
Fed
NYSE
American Stock Exchange
Dollar falls as Japan seeks U.S. help in yen support
Tokyo reports Japanese government asked United States to cooperate to stem yen decline. The dollar dropped to 216.9 yen after closing around 222.78 Friday, with 214.70 yen offered to tourists. Traders cited central bank action and market psychology as drivers of the sharp move amid ongoing currency volatility.
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Tokyo
U.S
New York
Carter
United States
Masayoshi Ohira
Washington
Ohira
Bank of Japan
Far East
Europe
Frankfurt
Zurich
Paris
Rome
Amsterdam
London
Cedar Rapids hog and cattle prices hold steady on Monday
Cedar Rapids hog market was steady with butchers and packers up to 550 lbs and sows over 550 lbs. Prices for country and plant delivered butchers 200 to 230 lbs ranged 43.50 to 44.00. Sows up to 550 lbs 38.00 to 38.50 and over 550 lbs 38.00. Heavier butchers show discounts by weight. packers also discounted by weight. Friday trade saw steers 1000 to 1200 lbs at 75.00 and heifers 900 to 1050 lbs at 74.00. Sheep market steady with Spring lambs 47.00 to 70.00. lambs over 105 lbs discounted.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa and Sioux City Hog Prices and grain quotes drop
Iowa hogs trade slow yet demand solid with butchers steady to 50 higher and sow prices steady. No. 1-2 200-230 lb butchers 43.50-45.25, 270-300 lb 40.00-42.75. sow prices 38.00-39.50 for 300-600 lb. Cedar Rapids grain market: May corn 2.41, June 2.44, July 2.46, new crop 2.35. soybeans May 7.13, June 7.17, July 7.13, new 6.81. oats 1.58-1.60. Sioux City hogs 8,000. butchers 45.25-45.50, sows 39.00-39.50. cattle 4,200 with steers 74.50-76.50 and heifers 73.00-74.50.
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AllegnyCep
AllgLud
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AlliedChm
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Dugnel
Esmark
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Exxon
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McLean
Mead
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Rein
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United Guaranty
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Chicago
Street closes on Third Street for overhead sign work
Local street closure on Third Street SW between Second Avenue SW and First Avenue West takes effect Tuesday for installation of an overhead sign support structure. No detour will be marked.
MENTIONED IN THIS ARTICLE
Third Street
Second Avenue SW
First Avenue West
Fire damages large portion of rural North Liberty home
Strong winds spread a fire that damaged a large portion of a rural North Liberty house Sunday afternoon. North Liberty firefighters responded to a 3:30 p.m. call from James Scanlon, whose residence is located nearby.
MENTIONED IN THIS ARTICLE
North Liberty
North Liberty House
James Scanlon
Wind spreads fire to North Liberty home
North Liberty firefighters arrived five minutes after the call and battled a blaze that spread from a detached playhouse to the dining room and kitchen through a broken window. The playhouse burned. all occupants escaped unharmed. Help came from Solon, Tiffin, and Coralville fire departments. Cause under investigation.
MENTIONED IN THIS ARTICLE
North Liberty
Bob O’rear
O’rear
Scanlon
Solon
Tiffin
Coralville
Bowling winners at Cedar Rapids Center Sunday
Mitchell movement winners were Ruth Swaner and Mary Kapp first in North-South and Laura Wilfong with Frank Zeman second. East-West winners were Leanne Smittkamp and Mrs. George Jenkins first and Bill Jennings with Frank Jennings second. Next game is Sunday at 5 30 in the bowling center lounge.
MENTIONED IN THIS ARTICLE
Mitchell Movement
Cedar Rapids Bowling Center
Ruth Swaner
Mary Kapp
Laura Wilfong
Frank Zeman
Leanne Smittkamp
George Jenkins
Bill Jennings
Frank Jennings
Bowling Center
Eggs and poultry prices hold steady in Midwest reports
In Des Moines and the U S west north central states reports show undertone steady to unsettled. Commercial poultry and egg markets show moderate demand with prices per dozen to producers and cents per pound at farms. Notable ranges include Grade A large 48-51c, Grade A medium 43-44c, and lower grades 25-38c, while dealer inventories are down 7 percent. On this date in 1960 the Soviet government announced trial for Francis Gary Powers.
MENTIONED IN THIS ARTICLE
GES
Federal State Market News Service
Des Moines
Federal
Soviet Union
Francis Gary Powers
Poetry awards from Wartburg College contest
Midwest Federation of Chaparral Poets announced area winners in the spring contest held at Wartburg College. Irma Dovey took second in serious verse, Mrs. E V Gay was third, and Mrs. John Barthel received special mention.
MENTIONED IN THIS ARTICLE
Wartburg College
Irma Dovey
E.V. Gay
John Barthel
Gay
Miss Dovey
Jerry Bys
Carrol Roberts
Bys
Miss Roberts
Dovey
Alvah R. Locke
Barthel
Alvah
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