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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 09, 1978
Page
15
A dense list of stocks shows widespread gains across major names such as Harris Corp Macy Penney Squibb Exxon Pfizer and Ford with notable percentage increases and higher last prices. The composite notes volatility across industries including energy chemicals consumer goods and technology amid a broad market rally.
UPI reports a broad advance in calm trading. The Dow Jones rose 5.19 to 885.21 by midafternoon, with the NYSE index up to 58.63, and volume around 10.24 million on the Big Board. Advances outpaced declines 738 to 451 amid 1,651 issues traded while American exchanges showed gains. Des Moines Midwest meat markets showed mixed moves with steer and heifer prices steady to higher and pork demand moderate to good.
Trade was moderate to fairly active with demand moderate to good. Butchers steady to 50 lower with No 1 2 200 230 lb quoted 51.00 to 52.00 and some 52.75, larger weights 230 250 50.25 to 51.50 and 250 270 49.00 to 51.00. Sows steady at 44.00 to 45.50, some 43.50. Estimated receipts 100000. Saturday 16000 Friday 59000 week 95000 year ago 94000.
The Cedar Rapids hog market Monday ranged from steady to 50c lower for butchers and steady for packers. Prices for 200 to 230 lb butchers were 50.50 to 51.25, packers 300 lb sows 44.00 to 44.50, with staged 25c to 1.00 reductions across heavier weights. Sheep prices were steady with lambs quoted at 58.00 to 58.00 for shorn and 56.00 to 58.00 for wool lambs, with lambs over 110 lb discounted.
An open anniversary meeting of the West Highlands group meets tonight at 8 at Trinity Lutheran Church cafeteria 1361 Seventh Ave SW with guest speakers Grover F and Wayne L Games All Saints School Doors open 615 Wednesday 715 Early Birds. Also notes local auctions loans and removals.
The firms of McGladrey Hansen Dunn and Co and Broeker Hendrickson and Co certify public accountants plan to consolidate effective November 1. The new firm will be McGladrey Hendrickson and Co with 1100 plus employees and 40 offices in 12 states, serving about 32000 clients. Ivan Bull will be managing partner.
Webster City livestock market notes hogs 1,100 head with price ranges 52.50 to 53.00 for 200-240 lb, 51.00 to 51.50 for 260-280 lb, and 47.50 to 48.50 for 300-350 lb. sows 50 lower. Cattle slaughter steers and heifers 25-50 higher with choice slaughter steers 1,100-1,200 lb at 55.00-55.50 and 1,000-1,100 lb cattle at 53.00-54.50. choice heifers 900-950 lb around 52.00-52.50. Trade and demand described as moderate to active for hogs and cattle.
East Iowa grain prices rose Monday morning with soybeans and corn higher across multiple contracts. No.2 corn Oct $1.97. Nov $1.90. Dec $2.07. White corn Oct $2.55. Nov $2.50. Dec $2.50. Yellow soybeans Oct $6.34. Nov $6.34. Dec $6.47. Old oats $1.43. new crop $1.43. Pro Former Grain provides quotes from Cedar Rapids.
In slow European markets due to Columbus Day, dollar exchange rates barely moved while gold held Friday levels. Frankfurt rose to 1.9016 marks from 1.9005, Amsterdam fell to 2.0565 guilders from 2.0657, and in London the pound traded at 1.9815 dollars. Tokyo opened at 189 yen, then closed at 187.975 as the dollar eased after Friday’s New York quote.
Winners listed for Pee Wee Halter through Jackpot Barrels at the Rimrock Riders Fun Show held Sunday at Cee Bar Acres. Named exhibitors include Anna Kotor Tammy Humbert Bev LeGrand Ann Dye Laurie Hand Randy Hammes Marie Daubenburger Brenda Sherman Steve Riley and others with a range of pony, halter, barrels, poles and speed events.
Jim Dawson and Jim Johnson from Wellman posted 64 to win first flight. Bob Techau and Mike Rose from Berry Center Point shot 70 for second flight. Kent Meyers and George Frayman of C.R. posted 73 for third flight, while John Erceg and Ron Wheeler of C.R. finished 77.
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