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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 10, 1980
Page
22
McGraw-Hill survey of more than 460 firms shows real capital spending up 1.8 percent in 1981 after inflation. Petroleum industry leads with a 42.8 percent jump. Non energy sectors mostly rise, energy conservation spending climbs to $8.5 billion.
This listing outlines annual dividend rates and payment forms for 1980, including cash, stock, and mixed distributions. It notes multiple categories such as extra dividends, accumulations, bankruptcy statuses, liquidating distributions, and when issued warrants, with a focus on per share figures and stock prices.
The U S International Trade Commission rejected Ford Motor Co and the United Auto Workers plea for three years of import relief. Three of five members found U S auto industry woes stem from domestic conditions and demand shifts, not imports. Ford and UAW sought tariffs and quotas to aid conversion to small fuel efficient cars.
The stock market opened with little movement as traders awaited President elect Reagan's economy plan. The Dow edged up to 933.01 around 1 p.m. EST after Friday's decline, with volume easing and advances slightly ahead of declines. Metals stocks rose with Gold and Silver gains while U.S. Filter stalled on delays. Ashland Oil rose on news of a consent to buy 26 percent of U S Filter for 33 dollars a share.
Des Moines reports a slow to moderate hog trade with lower prices for butchers and sows. No. 1-2 butchers at 200-230 lb 45.50-47.00, 240 lb trades 46.50, 200-210 lb discounts 25-50, 230-250 lb 45.50-47.00, 250-270 lb 44.50-46.50, 270-300 lb 43.00-45.50, sows 41.00-43.00 for 300-600 lb. Receipts estimated 85,000 with Friday 93,000, Saturday 4,000, week prior 104,000, year ago 90,000.
The Cedar Rapids hog market eased 50 to 100 cents on most weights with 210 to 240 lb butchers at 45.50 to 46.50 and sows 40.50 over 550 lb. Light 200 to 210 lb hogs discounted 50c. 240 to 250 lb hogs 25c off, 50c per extra 10 lb to 300 lb. Sheep market steady with wool at 54 and shorn at 57. Prices apply to 7 am to 10 am trading, with Veterans Day closure for the office.
The U S dollar opened lower vs most European currencies on Monday except the pound. Gold recovered from Friday’s plunge with gains in Zurich and London as traders awaited an international trade committee decision on Japan’s auto exports to the United States.
Chicago reports USDA bulk selling prices unchanged for butter and eggs. Butter bids at 1452-149 for 92 score A and 148-149 for 93 score AA. Retail egg prices to retailers delivered Grade A extra large 72-74, large 70-72, medium 67-68.
Four more horses reported stolen in Linn County increasing week total to eight. A 12-year-old bay mare worth 2000 and a 6-year-old mare worth 1500 were taken near Stoney Point Road and Highway 84 after last Wednesday, owner Robert Davis reports. Additional thefts occurred at Squaw Creek Stables Mount Vernon Road, with a 12-year-old bay Thoroughbred owned by Connie Locke worth 4000 and a 5-year-old palomino owned by Cynthia Gruninger, value not listed. Four other horses were reported stolen last Tuesday from pastures northwest of Cedar Rapids.
Linn County officials continued a full canvass of 66 precincts and absentee ballots at the Administrative Office Building. The process validates machine tallies for national state and local races with about 40 precincts remaining at noon today.
Des Moines reports an undertone firm for poultry with light offerings and trading. Off farm movement is light and supplies are short of needs. Demand is good with prices quoted in cents per pound at farms for commercial flocks. too few reports to provide further detail.
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