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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 02, 1979
Page
21
Nationwide composite prices from the American Stock Exchange show varied readings across multiple stocks with Amex and NYT notes. Data includes leading names such as Exxon, Merck, IBM, General Foods, Coca Cola, and Texaco with several price changes and volume indicators.
United Press International reports a fragmented data snippet listing numeric values and percentages for unnamed sectors or stocks. The text lacks clear entities or events to define a complete news item.
Standard and Poor's hourly indexes for Friday show industrials and utilities mixed. The index values listed include 115.09 14.21 48.13 11.90 with ev close at 114.97 14.23 48.15 11.90 indicating slight daily movements across sectors.
Livestock report shows hog trade in Des Moines moderate with mixed demand and price shifts across weight classes. Butchers 50-100 lower while sows vary. receipts listed. Chicago bulk selling prices from USDA show butter and eggs holding firm with Grade A cartons at 66-68 cents for extra large eggs and dairy prices steady across scores.
Cedar Rapids hog market Friday showed steady to 50 cent lower on butchers and steady on packers to 550 pounds. Prices for 200 to 230 pound butchers were 31.50 to 32.00. sows to 550 pounds 26.50 to 27.00. Sheep market steady with lambs 60 to 62 and wool lambs 58 to 60, lambs over 105 pounds discounted. Trading hours 7 to 10 a.m. Mon-Fri. U.S. west north central eggs mixed with undertone steady to firm in south. Grade A large eggs 48-50, medium 39-43, small 16-23. Too few eggs to report other forms.
A man armed with a pistol robbed Mount Auburn Savings Bank during the noon hour and escaped with an undetermined amount of cash. Sheriff’s deputies moved toward the scene and officers in Eastern Iowa searched for a white male, 5 feet 10 inches, in a dark car.
Claywell C. Wilhelm sues the city of Cedar Rapids and trustees of a Nassif Jr. property trust for $50,000 in Linn District Court alleging improper sidewalk maintenance on the 500 block of Fifth Avenue SE caused a fall and permanent disability.
Senate Banking Committee Chairman William Proxmire blasts the 1.5 billion proposed federal aid for Chrysler as a massive giveaway to banks and stockholders. He schedules hearings for Nov. 19 and demands tough protective terms, including strong guarantees and higher non federal participation. The White House backs 1.5 billion with Chrysler providing matching funds, aiming to avert bankruptcy for 111,000 workers.
The U S money supply M1 fell 1 3 billion in the latest week with an 800 million revision. M2 slipped 1 2 billion while four week averages show modest gains. Several large banks boosted the prime rate to 15 44 percent. one Florida bank cut to 14 1 2 percent as lenders face higher reserves. Phillips to test gasohol at Omaha Des Moines and Council Bluffs stations replacing premium gasoline.
New York UPI reports McGraw-Hill survey of 550 firms shows a pessimistic trend with 80 percent expecting a recession and only a small rise in plant and equipment spending in 1980. 1979 spending rose to 179 billion dollars, while 1980 projections total about 196 billion with inflation adjusted gains near seven percent.
New orders received by U.S. factories rose 3.9 percent in September to 148.2 billion dollars, the Commerce Department reported. It followed August’s 1.9 percent gain and July’s 1.6 percent decline, marking the best percentage increase since October.
New York trading sees mixed prices and light volume as the Dow slips 0.93 to 819.19 at 1:15 p.m. EST while the NYSE composite edges up 0.04 to 58.21 and 1,697 issues cross the tape. Major movers include Long Island Lighting down to 14 and IBM up to 634 with varied moves across exchanges.
The Cedar Rapids processing market reports soybeans up 3 cents for November December and January crops while yellow corn slips 1.5 cents for November 1 75 cents for December and up 1 cent for January. White corn steady with quotes for free market and grower deliveries and oats at 1 68. Pro Farmer Grain provides the quotes from Cedar Rapids.
Treasury sold 1.25 million ounces of gold at $372.30 an ounce in Washington on Thursday. London London opening at $372.50, Zurich at $373.50, down from previous closes. Dollar rates edged higher in Frankfurt Paris and Amsterdam while Tokyo yen weakened.
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