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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 10, 1978
Page
17
Market data from NYSE and various markets show Abbott, Etna, Alcoa, Allied, Ampex, Amoco, Coca Cola, Exxon, Ford, IBM, Pfizer, Texaco, and Union Carbide among others. Composite tables reflect prices at 10:30 a.m. with numerous entries, patterns, and dividends noted for multiple issued stocks across industries.
The notice lists telephone numbers for news, sports, bookkeeping, general information, and offices not listed. It provides specific lines for circulation subscription, want ads, and hours of operation including holidays and weekend times.
Bargain hunters pushed stocks up on Friday after White House economist Charles Schultze signaled possible rollback of some Social Security tax increases. Trading was slow as Veterans Day observances kept some traders away. The Dow rose to 806.91 as NYSE and ASE broadly gained with 875 advances to 406 declines.
Livestock Friday reports moderate hog trade and demand with butchers steady to strong. Prices for various weights range from 43.00 to 49.50 per cwt for different hog classes. sows steady at 41.00 to 42.50. Receipts estimated at 65,000 with weekend and prior day figures listed.
The Cedar Rapids hog market Friday was steady with prices for 200 to 230 lb butchers at 47.50 to 48.00 and 300 lb sows at 41.50 to 42.00. Weights and discounts apply to heavier cuts while the Cedar Rapids sheep market stayed steady with lambs 56 to 58 and wool lambs 54 to 56. In Des Moines, beef demand was fair with 700-900 lb steers at 77.50 and 500-700 lb heifers at 76.75. pork trades showed slow demand with various weight ranges and prices reported, including 14-17 lb at 90.50 and 92.50 for 14-17 lb clear channel.
The 1978 Parents Weekend November 17-19 at the University of Iowa features Omicron Delta Kappa presenting the Dad of the Year at 10 a.m. Saturday in the Iowa Memorial Union Main Lounge. Highlights include the Iowa-Wisconsin football game at 1:05 p.m. Saturday, the Peter Pan musical at Hancher Auditorium, So Far from China by Playwrights Workshop, and performances by the Soviet National Team, Chicago, and the Iowa invitational gymnastics meet. Tickets range from free for season ticket holders to 4 dollars for singles, with seating at 6.50 7.50 and 8.50 for major concerts. The Dad of the Year and family are guests at an ODE reception Friday at the Triangle Club UI Memorial Union.
AMC reports a record 26 million fourth quarter profit and 36.7 million fiscal 1978 earnings led by Jeep sales. Jeep annual deliveries reached 180,667 units while AMC’s passenger car unit declined 5.6 percent. Fourth quarter earnings per share hit 86 cents, up from last year.
The dollar steadied against the yen at 188.075 in Tokyo, extending gains as European markets opened. Gold fell as the dollar firmed with Zurich 1.6250 Swiss francs, Frankfurt 1.8945 marks, Paris 4.3097 francs, Milan 839.50 lire, Amsterdam 2.0495 guilders, and the pound at $1.9677 in London.
E and S Electrical Contractors Inc. won a 300000 dollar contract to wire Younkers at Westdale Mall and is negotiating Brandeis store work. Wayne Engle said work starts at Younkers immediately and Brandeis early next year. J C Penney wiring is about 25 percent done.
The Civil Aeronautics Board awarded 248 new round trip routes to 22 airlines after a six day bid process. Dormant routes required five weekly trips for 13 weeks within 26 weeks. Midwest additions include Des Moines to Las Vegas and Salt Lake City by Hughes Airwest and Chicago to Sioux City by Trans World Airlines.
Maytag Co. announced a year end extra dividend of 23 cents per share and a regular quarterly dividend of 40 cents. The total payout climbs to a record 1.83 dollars per share, surpassing the prior 1.75 mark set in 1977, marking the 32nd extra dividend in the company's history.
A batch of bankruptcy filings lists debt totals and asset values for numerous residents and businesses across Marion, Walker, Wyoming, Solon, and surrounding areas. Debts range from about $5,000 to $496,364 with assets from a few hundred to tens of thousands, many noting exemptions claimed. Included are individuals and partnerships such as Frank and Beverly Egan, David Schmelzer, Herman duo, Steenhoeks, Birtheers, Thomas, Hamiltons, Foos, Grims, Adelmunds, Wallender, Klinkhammers, Sibilio, Bennington, Gram, and Dunkel, among others. Also noted are soybean and corn price quotes from the Cedar Rapids grain market with prices for No. 2 Corn, White Corn, Soybeans, and Oats.
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