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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 15, 1978
Page
20
As of 10:30 a.m., the United Press International wire reports a broad array of stock prices across multiple markets. The listing shows notable names such as Disney, Lockheed, Coca Cola, Penn Central, Alcoa, General Electric, and Texaco among others, with varied percent changes and prices across sectors.
United Press International reports Amex listings and selected stock prices with several tickers such as Adobe, Cal Comptr, FisherPtSk and Syntex. Dow Jones index figures appear alongside mixed percentages and price points for multiple companies.
Standard & Poor's hourly indexes for Monday are recorded. The 1941-43 value equals ten in this UPI summary.
New York stocks opened modestly lower as profit taking set in after two days of gains. The Dow Jones average fell 3.21 to 837.49 by noon and the NYSE composite dropped 0.12 to 54.73 while the American index rose 0.13 to 142.70. Volume at the NYSE was 14.22 million at midday, down from Friday’s 22.63 million.
Livestock sales report shows cattle mainly higher with steers up to 1.50, heifers up to 1.00, and cows steady. Hogs rise modestly as lighter weights fetch 51.00 per cwt for 190-240 lb U.S. 1-3 and larger pigs 48.00-49.00 for 280-300 lb categories.
Trade slow to moderate across hogs and cattle markets in Des Moines Omaha and Joliet with US sources noting higher quotes for some hog weights and steady to higher cattle prices. Iowa hogs showed 48.50 to 51.75 per cwt for selected No 1-3 200-240 lb hogs while Omaha reported 51.50-51.75 for 200-240 lb barrows and gilts and cows steady to higher. Cattle and calves mixed with steers and heifers up 1.00-1.50, prime loads fetch 59.00 per cwt and high choices around 58.00-58.50, miscellaneous cows 35-42 per cwt.
The Cedar Rapids hog market rose 50 to 75 cents for butchers and sows on Monday with 200 to 230 lb butchers at 48.25 to 49.00, sows 300 lb at 42.50 to 43.00, and heavier weights discounted. Sheep traded 2 dollars higher with lambs 68 to 70 dollars. Soybeans rose four cents on May and June and two and a half on 1978, with white corn and oats steady. No 2 corn for April 2.425, May 2.395, new crop 2.15, soybeans 6.94, oats 1.45, grain prices from Pro Farmer. Des Moines reports steady undertone for eggs and hogs strong in Webster City, with hogs up 1.00 to 2.00 and cattle modestly higher. Chicago quotes wheat 3.10/2n, corn 2.60n, oats 1.53n, soybeans 7.13n.
U S Sen Dick Clark and wife Julie show total income of 81,891 with 36,224 paid in taxes and combined net worth of 138,329.85. Clark criticizes opponent Roger Jepsen over a 1977 disclosure remark and notes new Senate ethics rules require public financial filings. Bertrode, a rival candidate, claims net worth over 554,000.
W R Grace and Co plans profits above 140.5 million in 1978, based on optimistic sales, but cites U S trade deficits and inflation as reasons for a cautious growth outlook. Cryovac division plant in Cedar Rapids is affected by a strike with about 280 production workers participating since April 15, 90 salaried staff remain. In Chicago USDA bulk selling prices, egg quotes steady with Grade A extra large 57-60, large 54-56, mediums 46-48.
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