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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 12, 1978
Page
23
Nationwide stock prices reflect divergent moves with many big names like Exxon, Pennzoil, Pfizer, and Citicorp trading. market data lists thousands of prices across Amex, NASD, and NYSE components as of 11 20 am. It notes dividends guidance and index figures from Dow Jones and S&P with sector variety across industries.
The Dow Jones average gained 6.58 to 840.78 as big Board volume reached 22.63 million shares. Advances led declines 3 to 1 with Texas Instruments, McDonald’s, Polaroid, and Xerox among leaders amid reports Carter may trim the tax cut to about 20 billion and delay its effective date.
Chicago price quotes show Wheat No 2 hard red winter at 3 12n and No 2 soft red winter at 3 08n. Corn No 2 yellow 2 63 4n hopper 2 53 4n box. Oats No 2 heavy 1 53 4n. Soybeans No 1 yellow 7 07n.
Livestock data show moderate trade and mixed demand with butchers steady to higher and sows mostly steady. Prices listed for various weight ranges. Cedar Rapids grain quotes show May June and new crop soybeans around 5.87 to 6.79, corn near 2.15 to 2.40. receipts estimated and prior day tallies provided.
Stockholders of Nash Finch Co voted a two for one stock split for holders of record May 25. In Minneapolis annual meeting, 13 directors elected, Ann M. Crowley added, Thomas A. Riley named chairman/CEO, Harold B. Finch Jr. new president/COO. Quarterly dividend 22.5 cents payable June 9. company operates 100 plus stores and 13 distribution centers serving 370 franchise supermarkets and 1,600 retailers.
The Cedar Rapids hog market was steady with butcher prices at 47.50 to 48.00 for 200 to 230 lb animals. Sows around 42.00 to 42.50 for 300 lb. several weight breaks reduce prices by 25 to 75 cents. Hogs accepted Mon–Fri 7:30 a.m. to 10 p.m. at Wilson Foods. no hogs received Sat–Sun after May 13–14. Sheep prices steady with shorn lambs 64.00–66.00 and spring lambs 66.00–68.00. lambs over 100 lb discounted.
Des Moines report notes slow beef and pork trades with light demand. Prime steer beef 700-900 lb part load around 90.00, Holstein type 500 lb steer 85.00, fresh pork 20 lb 85.00, Boston butt 8 lb 75.00, seedless bellies 10-12 lb 66.75. Hens market steady. offer light, prices vary, supplies short for next week slaughter.
Competition results name multiple flight divisions with players and medalists across 18 and 9 hole events. Presidential and A to D flights include Dorothy Hotchkiss Gloria Tschetschot Doris Terrace Marilyn Lahyer Evelyn Knott Diane Schaufenbuel Lorraine Flynn Velma Miller Kathryn Miller Flo Shoemaker and Mrs Harry Hagen Mrs Dick Workman Mrs Roger Conrad Mrs WOClaassen Mrs Don Kouteny Mrs Bob Stastny Richard Frederick. 18 hole medalist Mrs Robert Young with Flight champions Ron Corey Ray Ashlock Howard Wilfong Frank Pfaff Ed Spangler. 9 hole medalist Mrs Robert Young with Flight champions Bert Katz Jim Hynes Ben Davey J A Basley Milton Langer.
Luther College Nordic Choir directed by Weston Noble to be featured in a 90 minute NBC TV special The Joy of Bach aired nationwide in 1978 79 season The Nordic Choir segment was filmed on campus singing Jesus Joy of Mans Desiring Also featured are the St Thomas Church Boys Choir Leipzig the Brooklyn Boys Choir and the Swingle Singers Menuhin Rampal Parkening and others The program hosted by Brian Blessed includes scenes from Bach life filmed in East Germany with Bach settings and the Potsdam castle Executive producer Robert Lee Luther graduate The date note mentions Secretary of State Rogers 1973 Mexico trip
The dollar firmed in early European trading while gold prices edged lower. Tokyo closed at 225.675 yen, with European currencies showing small gains. London pound at 1.8163 dollars and gold around 175 dollars an ounce.
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