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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 31, 1979
Page
21
United Press International reports selected composite prices in New York trading as of 10 30 a m with Abbott Labs Air Products Alcoa and DuPont among top active issues. The snapshot lists gains and losses across dozens of companies including General Electric Exxon Mobil and Penn Central, reflecting mixed sentiment in early trading.
Livestock markets show hog trades moderate with lighter demand in Des Moines Iowa with prices mostly steady to lower across hog and sow grades. Joliet reports cattle sales insufficient to establish a market while hogs trade 1.00 to 1.50 lower. Cedar Rapids notes a steady sheep market with spring lambs at 66 to 68 dollars and lambs over 105 pounds discounted.
The Wall Street drifted lower after government data showed a 3.3 percent drop in leading indicators and a 6.1 percent fall in new factory orders, marking the largest declines since 1974. Dow slid to about 820.59 with 759 declines to 374 advances on a 1,598 issue NYSE tape. metrics sparked cautious but hopeful talk of inflation easing and potential rate cuts.
Des Moines market report notes undertone barely steady to weak as buyers bid lower with light to moderate supplies and trading. Eggs priced at farms with Grade A large or better around 42c per dozen and other grades listed. retail features show 59c on two chains. Sioux City hogs and cattle activity slower with declines. hogs 41.00-41.50 and sows down. cattle few sales for market test. The piece closes recalling the 1916 Battle of Jutland as a historical note.
UPI reports the midwest meat market with fair to light beef demand. Steer beef 600-900 lb fetches 105.00 to 106.00, 500-700 lb heifers 104.50 to 105.50, pork cuts show varying prices with 14-17 lb at 88.50 to 90.00 and 20 lb clear channel at 73.00 to 73.50, others steady or higher across weights.
UPI reports livestock market at Webster City with hogs sold 200 to 350 pounds in several weight classes. Demand steady to moderate. No 1-3 200-240 lb hogs 41.00 to 41.50, heavier hogs 39.50 to 40.25. sows 1.00 to 2.00 lower. cattle unavailable.
Prime Minister Constantine Caramanlis signed Greece into the European Economic Community joining nine other nations. Greece becomes the 10th member with active status starting January 1, 1981 after ratification by all parliaments.
City briefs cover missing clarinet from Franklin Junior High locker, a burglary at The Sled Shed on 10th Street with a radio and tools taken, and a residential burglary on Ninth Street SW with three rings, silver dollars, an antique locket, and change banks missing. Also notes a June 2 Muscular Dystrophy fundraiser dinner and dance by VFW Post 788 with Lyle Drol linger Orchestra. Limited health club memberships proposed downtown.
Iowa Farm Bureau opposes an Iowa Department of Agriculture plan to protect hives from chemical contamination. The proposal would require pesticide applicators to notify hive owners within two miles of spraying and impose a 48 hour wait before application. The Farm Bureau backs recording hive locations to aid crop safety.
A brief schedule indicates operating hours from 8 AM to 5 PM Monday through Friday, with a note 'Til Noon Sot. The text appears as a fragment likely updating service hours.
In the Mitchell movement at the YWCA North-South winners were Virginia Stamy and Margaret Blencoe first with William Jennings and Frank Jennings second. East-West winners were Connie Hellenthal and Mary Ann Boardman first, Frank Zeman and Jin Ottted second with Mrs Vernon Hendryx and Mrs Clarence Maine. A unitwide game with computer dealt hands will be held Wednesday at 7 30 p.m. at the YWCA.
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