Stocks Edge Higher In Modest Tech Rally
New York stocks advanced modestly on Tuesday with the Dow Jones average up 1.42 percent to 989.06 as investors weighed Greenspan's optimistic economic outlook against cautious sentiment ahead of presidential primary results in Maryland and Michigan. The NYSE composite rose 0.12 to 88.96 and the American Stock Exchange index gained 0.06 to 104.96 amid mixed trading and attention to interest rate prospects.
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Arrested in Stolen Property Case
Johnnie Paul Smith, 34, of 805 Sixteenth Avenue SW, was charged with receiving stolen property. Cedar Rapids police and Georgia license plates reported stolen were found in Smith's car around 8 p.m. in the 500 block of Nineteenth Street SE.
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Johnnie Paul Smith
Sixteenth Avenue
Cedar Rapids
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Cedar Rapids hog market eases as prices drift lower
Tuesday livestock notes show softer hog values with prices paid for 290 to 240 lb butchers ranging around 46 dollars to 46.75, reflecting overall weakness. Packing sows steady at about 41 dollars, with adjustments for weight over 270 pounds and other weight ranges.
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Des Moines
Market Report Shows Mixed Corn and Beans Declines in Wheat Lows
Chicago wheat fell sharply while corn and soybeans showed mixed moves amid active trade dominated by locals and commission houses. Livestock futures in Des Moines and Sioux City reflected slow demand with varying cattle and hog prices, while wholesale produce and metals prices varied. overall market activity remained unsettled with technical adjustments cited after last week’s gains.
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Cedar Rapids scholar awarded four year ROTC student
Robert Nanktgeboren son of Mr and Mrs Flobert Nankigebor en 428 Eighteenth street NE receives a full four year ROTC scholarship to the University of Town. He served in Washington and studied at local clubs. Multiple ads and notices accompany brief community items and local events.
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Robert Nanktgeboren
Flobert Nankigeboren
Eighteenth Street
University of Town
Washington
Quaker Oats earnings rise in quarter and nine months
Quaker Oats Galt Co reports second quarter earnings of 70 cents per share on $958.3 million sales, up from 37 cents and $328.3 million a year ago, with nine month per share of $1.84 and net income of $42.8 million. Dividend declared on common stock 21 cents, payable July 20 to holders of record June 21. Remaining business lines show mixed results with improved profits, except combined chemicals and foods segments.
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