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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 21, 1979
Page
9
United Press International reports mixed early action across Abbott Labs through Zenith Radio with vast swings in price and percentage changes. Investors scan moves of Amex NASD and NYSE listings as markets show broad gains and losses amid shifting sector leadership.
Chicago reports bulk selling prices from USDA. Eggs prices paid to delivery are steady with some weak instances. Retail carton prices for Grade A eggs show extra large 59 to 62 cents, large 57 to 59 cents, and mediums 51 to 53 cents.
Amex stock prices from United Press International list Adobe Oil Petrot Cal Comptr Carnat Circle Kcp CrawnC Dome Petro Fronter GiantY GrtLkCh HoustOil Kaiser LoewsTh Mitchii RescCotf Solitron Dev Suptind Syntiex Teleflex USFilter Soundsin Syntiex Syntiex at 11 20 a.m. with percentages shown for several entries.
S and P hourly indexes for Monday show industry and utility sectors with current figures and prior closes. The data include Industrns Utili and subcomponents with values around 117.40 for one index and 114.02 for another, with small changes indicated.
Wall Street edged higher in slow trading as takeover activity dominated sentiment. The Dow rose to 844.41 around 1 15 p.m. EDT with gains led by advancing issues against decliners 790 to 485 among 1719 NYSE listings. NYSE index stood at 56.44 and shares up 10 cents. Futures trading noted from Chicago Mercantile Exchange.
Des Moines reports slow hog trade with No 1-2 200-230 lb butchers at 42.00-43.75, sows 37.50-39.00, receipts 85,000. Prices in Des Moines area show unsettled undertone for eggs and beef grades. Webster City and Omaha show mixed hog and cattle shifts with 200-240 lb hogs at 43.00-44.00 and steers 71.50-72.50 for 1000-1300 lb ranges.
Graduate-Cadet John Vietor son of Judge Harold Vietor will receive an eighth grade diploma at Missouri Military Academy in Mexico Mo on May 27. Also honored Katherine Smith from Cedar Rapids inducted into Iota Phi at Iowa Wesleyan College Mount Pleasant. Naso's Pizza now delivers to 1545 1st Ave Cedar Rapids. Heavy Reward information requested for jewelry burglary near Jones Park April 27.
The Cedar Rapids hog market Monday held steady for butchers and packers up to 550 lbs while packing sows above 550 lbs commanded 38 to 38.50 dollars. Prices for country and plant delivered butchers 200 to 230 lbs ranged 42.00 to 42.50, with weight-based reductions for heavier hogs. Cattle and sheep also noted with top steers 71.00 and lambs 47 to 69 dollars, and a general week market movement noted. Story hour and local ads mixed with community notices and schedules appeared in the same edition.
In Cedar Rapids the Competition Bridge Mitchell movement crowned North-South victors Mrs. Charles Leipold and Mel Verne Smoker. Second place went to Mrs. John Stamy and Ruth Helm. East-West winners were Al Rousch and Mike Rousch with second place going to Mrs. Richard Golembiewski and George Kanellis. Next game is Sunday at 5 30 PM in the bowling center lounge.
The locust plagues that threatened crops across northeast Africa, Arabia and southern Asia are now under control. UN FAO Assistant Director-General D F Bommer notes the danger remains as swarms affected Ethiopia, Sudan, the Arabian peninsula, Pakistan and India over the past two years.
Ten individuals were arrested Sunday and today in Linn County on drunk driving charges. Names include Archie E. Kimbrew 23 Daniel R. Garner 26 Steven H. Short 23 Barbara J. Long 42 Joseph B. Kelley 51 Brett A. Freeman 19 Rae L. Walters 24 Dennis L. Murphy 22 Dennis L. Dozier 28 and Kenneth E. Deburkarte 17. Several faced additional offenses such as speeding, eluding, improper muffler and disobeying signals.
Cedar Rapids Civil Air Patrol members located a malfunctioning Emergency Locator Transmitter at the Ottumwa airport storage shed after using direction finding. FAA officials had faced repeated false ELT signals and sought CAP help to pinpoint the device by 9 45 p.m. Sunday.
Gold surged to a Zurich high of 261.625 dollars per troy ounce as the dollar strengthened on world markets. London noon trading at 261.60, up from 256.375 Friday, with Tokyo closing at 219.275 yen. British pound slipped to 2.0416 dollars. Currency rates rose in Frankfurt, Zurich, Paris, Amsterdam, and Milan.
East Iowa grain prices for May June July and new crops held steady Monday morning with No 2 corn at 2.425 and 2.345 for white and new crop, yellow soybeans at 7.07 and 6.80 for new crop, oats 1.65 old crop 1.67 new crop, delivered to Cedar Rapids processors. Chicago cash grain quotes likewise listed No 2 corn at 2.62 and 2.59, oats 1.445, soybeans 7.14.
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