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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 09, 1979
Page
25
The report compiles United Press internal stock readings with prices from NYSE and eight markets including Amex and NASD. It lists numerous tickers such as Abbott, Aetna, Texaco, Xerox, and Teledyne with varied gains and losses, reflecting a broad, unsettled trading day across multiple sectors and exchanges.
Amex stock prices and nationwide composite figures listed as of 11 20 am. Data includes Dow Jones Stock Average and varied figures for multiple securities with fluctuating net gains and percentage changes. The report aggregates market activity from United Press International sourced content.
Dividends United Press International notes uneven undertone in western to southern markets for live hens. Cedar Rapids grain market shows soybeans up 2 cents on November December January crops while yellow corn edges up 1 cent. oats at 1.68. Prices listed for Cedar Rapids processors include No 2 corn at 2.40 and white corn 2.70 to growers 2.82.
The Cedar Rapids hog market Friday was steady with butchers and packers to 550 lbs. priced at 33.50 to 34.00 for 209 to 230 lb plants. Sows up to 550 lbs. 27.00 to 28.00. Weight-based discounts apply for heavier hogs. Sheep market also steady with shorn lambs 60 to 62 and wool lambs 58 to 60. Lambs over 105 lbs. discounted. Buying hours 7 a.m. to 10 a.m. Mon-Fri.
Shire-Hattery and Associates completes a 4850 square foot second story addition at 800 First St NW Cedar Rapids to expand services for its Iowa offices. Weak ground level expansion required. new reinforced structure enables energy efficient upgrades and doubled HVAC capacity with time clock controls.
Stocks move higher with the Dow up to 807.59 as traders weigh a Fed report showing a 400 million dollar money supply decline. Trading pace remains modest while inflation fears ease. Key movers include EMI Ltd Avco IBM Bally Caesar's Integon and Dynalectron with mixed gambling shares and dividend news.
Federal State Market News Service reports medium egg prices up while other sizes hold. Demand remains strong as packers plan for next week's deliveries. Grade A large 48-51c, medium 42-43c, small 16-20c. other farm eggs too few to report. Notice: limited volume. other farm eggs eliminated on Nov 16 1979.
The dollar strengthened across major markets while gold advanced. The dollar closed in Tokyo at 242.10 yen, helped by the Bank of Japan’s 250 million dollar yen support, with European rates higher and gold at 391.50 an ounce in London and Zurich.
Kane-Miller Corp of Tarrytown New York parent Tama Meat Packing reports 1979 third quarter continuing operations net income 2.2 million up 106.9 percent per share 58 cents while total net income including discontinuance rises to 5.8 million 1.47 per share. Nine month figures show continuing earnings up 47.4 percent to 3.3 million 92 cents per share though overall year shows a loss 1.18 million due to discontinued poultry and beef operations. Nine month sales from continuing operations reach 416.7 million with 15 percent rise.
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