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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 30, 1970
Page
15
New York trading extended a broad advance as the Dow Jones rose about 10 points to around 791.69, led by industrials amid expectations of lower mortgage rates and firmer bond yields. Soybeans fell after early gains, with prices easing and grain futures showing mixed moves as profit taking appeared.
Chicago and New York cattle prices show steady to lower trends with slaughter steers and heifers down up to 25 cents. Reports note strong demand in some markets, while others reflect lighter buyer activity and varying weights, with calves and lambs cited at reduced levels.
C R Markets reported regular quarterly dividend checks of 3.4441 dollars per share mailed to common shareholders. For the ten months ending October earnings available for common shareholders were 0.9533 million dollars or 1.64 per share, vs 1968’s 0.8212 million or 1.61. For the year ending October 31, earnings available totaled 10.498 million dollars or 2.06 per share, up from 10.309 million or 2.02 in the prior year.
Washington reports October exports at 3.53 billion to U S, with exports 178.9 million above imports. Trade balance shows a 2.59 billion surplus for the first ten months, while the annual surplus could reach 3.41 billion if trends hold, though the overall balance of payments remains a deficit due to overseas military spending tourism and other finance.
Saigon AP reports clouds and fog hindered the search for a transport plane missing since Friday in the central highlands. The C 123 carried six Americans and 73 Vietnamese. contact was lost shortly after takeoff. Aircraft efforts were limited by weather with a crew radio available but signals not reachable.
Iowa highway commission chairman Derby Thompson said Gov. Ray direct asked for use of leaded gasoline and that the commission lacks authority over its vehicles except heavy equipment. Snag centers on whether to switch to unleaded fuels, potential costs, and state car dispatcher guidance.
Dense fog shrouded most of Iowa Monday morning lowering visibility across the state. Officials said conditions would ease in the afternoon though skies remained cloudy with light drizzle in the northeast. Temperatures were in the 40s with a cloudy night ahead and a chilly Tuesday forecast.
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