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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 05, 1977
Page
18
A long list of stock quotes shows tickers across the New York Stock Exchange with figures for prices, changes, and volumes. Companies like Coca Cola, Exxon, Goodyear, General Electric, Union Carbide, and Sears appear among many others, reflecting a broad market session with varied gains and losses.
The Dow Jones average gained 7.27 points to close at 809.94 amid a broader market uptick after a weak rally. Traders noted a muted unemployment report and a Federal Reserve money supply release as the day’s context, with most bad news already priced in.
Des Moines reports slow beef trade with moderate to light demand. Choice steer beef 64.75 to 65.75 for 550 to 900 pounds. choice heifer beef 61.25 to 63.25 for 400 to 700 pounds. Pork prices mostly down with varied cuts and weights, including fresh pork 14 pounds down to 76.50 and 14-17 pounds at 75.50, others mixed across 20 to 26 pounds and hams and bellies.
The Iowa hog market shows slow trade and light demand with hogs mostly 50 to 100 lower and sows down up to 1.50. Estimates receipts 60 000. futures on the Chicago Mercantile Exchange rose with soybean and corn movements in Cedar Rapids market reports. Sioux City hogs mostly lower with 200-240 lb butchers at 39.75 to 40.00 and sows down 1.50 to 2.00. Cattle around 100 head reported.
Hiawatha City Council received only two bids for the 1977 water and sewer main extension, Dave Schmidt Construction Co. at 30870 and Bowler Construction Co. at 33800, both above the 25000 estimate. Action was tabled pending talks with the Reorganized Church of Jesus Christ of Latter Day Saints about funding roughly half the cost. The meeting also reviewed Crawford and Associates signalization plans for the Highway 150 Robins Road Emmons Street Second Avenue intersection and explored making Highway 150 four lanes through town. The council approved a Linn County Metropolitan Public Safety Telecommunications Board radio equipment agreement and invited citizen input on a street parking ordinance to curb parking on alternate dates and reduce street storage of cars.
Linn-Mar students will be dismissed 90 minutes early on Wednesday with morning kindergarten at usual times and afternoon kindergarten released 90 minutes early. Teachers will hold grade level and curriculum meetings after dismissal. The next 90 minute early dismissal is set for December 22 at the start of Christmas vacation.
Soybean and wheat futures rose on the Chicago Board of Trade while corn deliveries remained weak as firms hedged cash purchases for weekend. Soybeans gained about nine cents a bushel on export inspection hopes, distant deliveries up only a few cents. Wheat rose nearly three cents, with corn and oats slipping about a cent.
The Marion YMCA begins a one week interim schedule between fall and winter programs on Monday. Activities include women’s fitness at 9 a.m. basketball at 6 15 p.m. Linn Mar lessons 9 a.m. Marion Independent lessons 10 30 a.m. waterbabies and preschool 11 15 a.m. adult swim noon and swim team 5 45 p.m. plus tadpole makeup at 7 45 p.m.
Police report two burglaries in Cedar Rapids area with stolen items including a $700 color TV at 1117 Eighth St SE and a $600 TV plus $200 sound gear and a 410 shotgun at Willand Laird Route 1 Alburnett. Other items include upcoming concerts and local ads for holiday purchases and attractions.
Iowa Governor Robert Ray reports total personal assets of 353 455 with liabilities of 10 609 in a Friday financial disclosure. Notable holdings include a 75 percent stake in Emmet Radio Corp operator of KILR Estherville valued at 86 893 and Des Moines real estate with 110 080 assessed value.
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