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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 08, 1979
Page
20
A reading of 10 30 a m NYT United Press International shows mixed action in a broad list of equities. Large cap names such as Abbott Labs Allied Stores and Exxon display varied gains and losses while many industrials, consumer goods, and tech firms post modest moves reflecting a tepid session.
Amex listed composite prices as of 11 20 a m NYT from United Press Intern among show CrownCn Teleflex 40 US Filter 32 Wyo Bnc 72 7? i reflecting varied quotes for selected equities and market segments.
The Cedar Rapids market Monday showed hog prices 50c lower than the prior close for butchers and packers at 550 lbs. and lighter weights. Bulk country and plant delivered hogs 200-230 lbs. brought 34.50 to 35.00 dollars. Sows to 550 lbs. were 29.00 to 29.50. Weight breaks adjust pricing for butchers 230-300 lbs and packers under various ranges. Sheep market was steady with spring lambs at 60.00 to 62.00, lambs over 105 lbs discounted. Buying hours 7 to 10 a.m. Monday through Friday.
UPI reports moderate to active hog trading in Des Moines with demand steady to moderate. Butchers hold prices 50 lower to 36.00 for larger cuts, sows 29.00 to 31.00, and 100000 head estimated for today versus 82000 Friday and 112000 a week ago.
A Cedar Rapids man Ernest V. Gibson, 20, was arrested after a weekend burglary at Strawberry Starship Lin dale Mall. Missing merchandise valued at 4445 included waterbed vibrators satin sheets bedspreads a wood clock a calculator and sculpture pieces. Entry was gained by breaking doors locks. Gibson and companion Robert D. Diaz 22 were tied to an incident at a Quik Trip Store where a store employee was allegedly struck. Diaz faced intoxication and interference charges.
Soybeans fell 7 cents on the October November December contracts while corn dropped 2 cents on the same month signatures. White corn held steady from Friday with two pricing tiers for grower and free market. No.2 corn October 2.54 November 2.495 December 2.595. No.1 yellow soybeans October 6.52 November 6.52 December 6.74. Oats posted 1.64 to 1.68. Pro Farmer Grain Cedar Rapids supplied the quotes. Chicago prices listed also.
Federal Reserve Chairman Paul Volcker defended the Carter administration’s opposition to tax cuts as the Fed raised the bank lending rate to 12 percent and tightened credit to curb inflation. He warned against tax reductions while noting the economy may slow and unemployment edged down to 5.8 percent. The actions aim to choke off credit conditions and reduce froth in markets amid gold speculation and a weak dollar.
UPI report shows blue chips recovering from early weakness while the broader market fell Monday in slow Columbus Day trading. The Dow slipped about 0.85 to 896.75 as 1,750 NYSE issues moved 17.6 million shares.
Des Moines native and former World War II veteran Herbert W. Anderson, 56, died of an apparent heart attack. Appointed in 1976, he led Iowa's insurance department and served on the Des Moines Symphony board. Gov. Ray announced the death after learning of it before his Monday briefing.
UPI reports Webster City livestock results with hogs at 1,500 head and prices down across categories. No. 1-3 200-240 lb butchers 35.50-35.75. 240-260 lb 35.00-35.25. No. 2-4 260-280 lb 34.50-35.00. 280-300 lb 33.50-34.00. 300-350 lb 31.50-32.00. No. 1-3 300-700 lb sows 31.00-31.25.
The dollar strengthens after U.S. inflation curbs were announced over the weekend. Gold falls sharply with bullion prices fixed at 376.75 to 375.50 in London and Zurich, while the yen and European currencies rise against the dollar.
Notice informs all interested in the estate of Bessie F. Hladek that the will dated September 28, 1979 was admitted to probate in Linn County Iowa with Douglas Hladek appointed executor. Creditors must file claims with the district court within six months after second publication, and debts must be paid. This notice is dated September 28, 1980 and includes further instructions for filing and payment.
A civil action filed in Linn County District Court against Igmalt Ci Claims Division by Merchantation Bank located at 222 2nd Avenue SE Cedar Rapids Iowa 52403 seeks relief in a debt or property related matter with the court overseeing venue and dates to be set.
In Linn County Iowa probate proceedings Virgil Howard Schmickle appointed executor for the estate of Elsie V Schmickle deceased. Creditors must file claims within six months from the second publication or be barred. Notice dated September 28 1979. Also a note recalls Bruno Hauptmann indictment in 1934 for the Lindbergh baby murder.
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