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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 23, 1981
Page
19
The market edged lower on quiet trading ahead of Memorial Day as CPI rose 0.4 percent in April. The Dow fell 4.87 to 971.72 while the NYSE composite slid 18 to 76.26 and AMEX rose on a market mix. Big Board volume reached 40.71 million as banks lifted prime lending rates.
Selected nationwide stock prices show Gulf Oil and a long list of firms on the New York Stock Exchange. Figures include Abbott, Heinz, Texaco, Coca Cola, IBM, Exxon, Johnson & Johnson, and many others with varied last sale prices and percent changes listed alongside.
Final session of a four part backpacking and camping series will be at 8 p.m. Tuesday at Ambroz Recreation Center 2000 Mount Vernon Road SE with the topic Places to Backpack. Seminars are free and no advance registration is needed.
Cedar Rapids processors quoted Friday afternoon prices for May to December crops in soybeans and corn with declines on most future contracts. No 2 corn May June July at 3.255 dollars, new crop 3.115, December 3.145. white corn 3.85. No 1 yellow soybeans May 7.285, June 7.225, July 7.175, new crop 7.19, December 7.33. Oats were steady versus Thursday. Chicago quotes list No 2 hard red winter wheat and No 2 yellow corn with mixed figures.
Cedar Rapids hog prices rose 50c for butchers 210 240 lbs while packers up to 550 lbs held steady and larger animals matched. Bulk 210 240 lb butchers fetched 42.00 42.50. sow prices ranged 35.00 36.00 depending on weight. Light hogs 200 210 lb faced 50c discount. 240 260 lb cuts reduced by 25 50c and every 10 lb above 260 by 75c. Sheep lambs steady at 64.00 66.00. Buying hours 7 a.m. to 7 p.m. Mon Fri. office closed Monday May 25.
UPI report details hog price directions across Des Moines and Omaha with No 1-2 butchers weights from 200 to 270 pounds trading around 43 dollars and sows 35 to 38 dollars. Cattle and calves were light with limited slaughter data while Joliet noted active hog trade and higher borrows and gifts.
An exhibit at the Museum of Contemporary Art in Chicago runs through June 14 featuring plans drawings and photos of gardens and parks by contemporary artists. The same date marks the first show covering the full scope of late sculptor Robert Smithson’s earth art works, highlighting his international reputation before his 1973 death at 35.
Midwest carrot beet trade shows light demand for steers and heifers with prices down 1.00 to 3.00. Steer beet 600-900 lb 100.00-103.00, heifer beet 500-700 lb 100.00-102.00. Pork trade fair with good demand. fresh loins 17-20 lb 90.75, skinned hams 20-26 lb 67.00-70.00, older packs up to 50 higher. bellies 12-14 lb 51.00-55.00, 14-16 lb 52.00-55.00. Ages 20-25 lb 45.00.
The Iowa Commerce Commission tentatively rejected United Telephone Co. of Newtons 1.6 million rate increase, directing possible refunds to about 62,000 customers across 80 Iowa communities. This marks the second rejection in three years after a 1978 related refund order.
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