Broad Stock Rally Amid Market Upswing in New York
Financial and market notes describe a broad stock rally driven by easing interest rates. The Dow Jones Industrial average edged up to 990.22, with mixed results across the New York Stock Exchange and Nasdaq. White Motor and other issues saw notable activity as the market held gains for the week amid shifting trading volumes.
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Inex
Livestock Market Report From Des Moines and Chicago Prices
Des Moines livestock market notes show varied bids and receipts for cattle and hogs with price ranges for different weights. Chicago futures quotations from the exchange and local reports outline daily price movements and weekly receipts, including Friday and Thursday figures, with references to live cattle and hog market activity.
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Corn and soy futures rise and fall on trades
Chicago AP notes soybeans up 12 cents on the Chicago Board of Trade with May contracts at 349 per bushel and other grains showing modest shifts. Prices list May and July figures, reflecting a mixed session as wheat eases slightly.
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Chicago
Chenge Board of Trade
Clase
Investor cautions on Southern Bell bonds and long term yields
A reader recalls a forestor column about Southern Bell bonds at 9.06 percent due 2003 and an 8.28 percent yield on new issues. The piece discusses market signals, callable features, and the risk of long term bonds in a fluctuating rate environment, advising diversification and careful broker consultation.
House Approves City Property Tax Levies
DES MEMNES UPL Cities in Galanties would raise property taxes for public services to 80 next year under legislation approved by the House and sent to the Senate. The levy would be 6.75 cents per $1,000 of property value and take effect May 1, 1977, with sponsors arguing many cities and counties levy taxes for local services. Rep. William Griffee said the bill is unnecessary because Iowa cities eligible for library services are already covered, but not all pay for them.
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Inwa
WMBO
Turner: Teamsters May Not Be Able To Represent Iowans
DES MOINES UP L) Lie turublons discuss whether Teamsters can represent Iowa public employees. Attorney General Richard Turner says the law is unclear and a ruling would hinge on each case. Senator Calvin Mulimen notes the need for case-by-case decisions and Public Employee Relations Board discretion in qualifying organizations.
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Strong Backs Carry Heavy Loads Revealed in Study
A study shows Lindred Prots tederneita and Strong Backs enabling a honeytes to carry a burden S01 times its weight. The finding compares the load to a 250 pound man bearing the equivalent of a small truck on his back.
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