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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 26, 1978
Page
21
Emergency contact numbers listed for Cedar Rapids with local services and times. Includes cross references to stock market listings and miscellaneous figures from the New York Times United Press report.
UPI reports a sharp stock retreat Friday as the prime lending rate rose to 84 percent and banks followed. The April trade deficit hit 2.86 billion, the four month total at 12.53 billion, fueling a weaker dollar on foreign exchanges.
Livestock traders report slow demand and mixed bids with butchers lifting prices for No 1-3 hogs in several weight bands. Sow prices rise modestly while grain quotes from Cedar Rapids show soybeans slipping and corn holding near prior levels.
Webster City hogs see active trade with 900 daily demand and higher butcher prices. No cattle traded. Chicago oats wheat and soybeans move higher with mixed grains. Omaha livestock quotes show active hogs with gains and limited cattle trading. feeders and receipts listed for Tuesday.
Friday bids at C.R. markets show 49.50 to 50.00 for 200 to 230 lb butchers with adjustments up to 300 lb. Sows around 43.50 to 44.00. Weight bands 230 to 300 lb carry discounts to 75c per 10 lb. Packers 25c off per 50 lb. tier. Des Moines reports cautious buyer sentiment and light trading as eggs and hens prices edge lower. Sioux City hogs rise 50 to 75 cents with several weight categories quoted. no cattle listed.
The United States ruled that Japanese carbon steel plate was dumped into the U.S. market. Five Japanese firms face tariffs from 5.4 to 18.5 percent on imports since October 1977. Importers have posted bonds while the case proceeded, and the decision follows an ITC finding of injury.
Police raided a Bangkok tea house and freed 33 young girls who said they were sold by their parents and forced into prostitution. Other regional reports note UPI and USDA price movements across Midwest meat, Chicago butter and egg prices, and Joliet livestock trading activity.
Lane Kirkland, AFL CIO No. 2, charges corporate leadership with waging class warfare in its anti reform lobbying campaign. He cites industry hirelings in the Chamber of Commerce and NAM mobilizing against labor legislation revisions as labor uneasy grows over 1980s labor-management cooperation talks.
The Commerce Department reports an April trade gap of 2.86 billion dollars, the fourth largest on record, as oil and automobile imports rise. Exports reached 11.6 billion while imports hit 14.5 billion, with inflation and a 1975 recession backdrop shaping the balance of trade.
Four Iowa alcoholism and drug abuse programs including Cedar Rapids groups were among 41 grant recipients approved by the Iowa Commission on Substance Abuse. Grants totaling more than two million fund continuation of services with a 5 percent salary increase. some requests were denied due to budget limits.
Wellington High School teacher Lois Norton leads about 20 juniors and seniors through visits to a funeral home cemetery mausoleum and crematory as part of a thanatology class. Norton is an English teacher and licensed funeral director.
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