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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 06, 1978
Page
19
Readable portions list dozens of tickers with price changes at 10 30 a.m from United Press International. Notes include prices and percent changes for firms such as Disney Gulf Oil DuPont Exxon CocaCola American Motors and many others, reflecting a broad market snapshot with gains and losses.
A dense market digest shows stock prices from major and regional exchanges with American, Amex and NASD listings. It includes par values, dividends, and a note on the Dow Jones and Standard and Poor's indices, ending with a historic 1921 World Series broadcast note.
The dollar’s rise abroad helped push stock prices higher on Friday despite modest jobless data and a modestly expanding money supply. The Dow stood at 878.63, up 2.17 points near noon, with gains outpacing losses on the NYSE amid light trading and a firm dollar on European and Tokyo markets.
Livestock quotes from Omaha on Friday list hogs at 53.50 to 53.75 for 200 240 lb and 53.00 to 53.50 for 240 265 lb, sows 50 higher, and 325 600 lb hogs at 47.00 47.50. Cattle and calves 3,700 with limited cows trade and feeder demand. utilities 40.50 43.00, canners 37.00 41.00. USDA projections for Monday: cattle and calves 6,000 hogs 4,500 and 500.
Cedar Rapids hog prices moved steady to 50c higher for butchers and steady for packers, with 200 to 230 lb butchers at 51.00 to 51.50 and 300 lb sows at 44.00 to 44.50. Lighter and heavier weight breaks reduce prices progressively. Cedar Rapids sheep were steady with lambs at 58.00 to 60.00 for shorn and 56.00 to 58.00 for wool lambs, lambs over 110 lb discounted. Des Moines eggs quoted with mixed demand and ample supplies, Grade A large at 41 to 44c, Grade A medium 34 to 38c, other grades lower.
Citizens for a Better Environment warns 12 to 24 GE built reactors may shut down if cooling pipe flaws persist. NRC acknowledges a serious problem and cites backup systems, while GE Edison officials meet with regulators to discuss the issue.
Soybeans drop 6.2 cents on October and November plus 6 cents on December while yellow corn falls 2 to 2 1/2 cents for three crops. White corn holds steady and oats steady as of 10 00 am delivery quotes from Pro Farmer Grain Cedar Rapids.
Livestock report from Des Moines notes light hog trade with very good demand. Butchers rise 50 to 1.00, sows steady to firm. Prices span No 1 2 200 230 lb 51.00 53.50 and other weights, with receipts listed for the period and estimates for Saturday.
General Electric will acquire Cox Broadcasting Corp for about 467 million dollars in stock exchange terms. Cox owns stations in Atlanta and other cities and runs cable systems. Cedar Rapids Cable Communications would be affected with pole attachments delaying first customer hookups to early next year. Richard Hook says operations in Cedar Rapids and Marion remain on track with a 180 foot tower planned and Noelridge area named for initial customers.
Federal officials grant a special permit allowing Mesquakie dancer Jody Durnan to travel to Ireland with an eagle feather headdress. The goodwill trip to Ireland proceeds after two months of negotiations led by Senator Dick Clark and U S Attorney Roxanne Conlin.
Police seek Daniel J. Marcinkiewiecz who fled the Community Corrections Center at 519 Fourth Ave SE around 9 p m by climbing a wall and heading north on Fourth Avenue. He was held for criminal trespass.
One person was arrested early today on a drunk driving charge. Roger D. Willits Sr., 35, address unknown, was taken into custody at the intersection of Ninth Avenue and Sixth Street SE.
Margaret Blencoe and Ruth Helm took first in the Thursday competition at Kenwood Park Presbyterian Church. A tie for second featured Mrs. Dan Engel with Frank Zeman and Mrs. Thomas Mullin with Mrs. Howard Wilfong. The next game is Thursday at noon at the church.
A Des Moines judge declared the Matthew Schrier brain death case moot after the boy died, ending deliberations about consent and authority over life support. The court had reviewed who decides death and the validity of Iowa's brain death law as his heart ceased Aug. 17. The father, Richard L. Schrier, remains charged with murder and first degree sexual abuse.
Richard Petska, 55, Cedar Rapids area Chamber of Commerce transportation chief since 1963, named vice-chairman of the East Central Iowa Citizen Advisory Council to the Iowa Department of Transportation. The council, one of ten statewide, helps IDOT identify local transportation needs. Petska resides at 110 32nd St. NW.
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