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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 10, 1978
Page
19
A late morning NYT UPIs table lists numerous stocks with last sale prices and changes across eight markets. Abbott Laboratories, AMAX, AmCan, Exxon, Texaco, and Pennzoil among many others show gains and losses, reflecting broad market activity.
United Press International reports Amex prices for a batch of stocks as of 11:20 a.m. Eastern. The table lists tickers such as Adoberi, Petroleum, Banister, CrownC, Dome Petro, FisherPrt, GiantY, Houston, Husky Oi, Kaiserind, McCulich, MitchliE, O Okep Cop, RescCott, Syntex, Teleflex, USFilter, and Wyo Bnc with bid, ask, and percent changes.
United Press International provides a snapshot of Dow Jones stock averages for the day. The index values and changes span several categories including industrials utilities and transportation with minute by minute or daily figures showing slight declines overall.
New York markets opened with indecision as profit takers trimmed gains from a Columbus Day rally. The Dow Jones rose 2.17 to 895.35 by 1:15 p.m. EDT while the NYSE composite inched up 0.02 to 58.92. Advancers led decliners 681 to 611 as 1,764 issues crossed the tape in about 14.49 million shares.
UPI reports moderate trade and demand in Des Moines hog markets. Butchers mostly 50 higher with No 1-2 200-230 lb at 51.00-53.75. No 1-3 230-250 lb at 50.25-52.00. sows 44.00-45.50. Receipts about 80,000. day prior 107,000. year ago 95,000.
Cedar Rapids hog market was steady to 25c higher for butchers and steady for packers with 200 to 230 lb cattle price range $50.75 to $51.50. Sows 300 lb $44.00 to $44.50. Weights 230 to 300 lb priced with discounts for heavier bulls. Sheep market steady with lambs at $58 to $60 and wool lambs $56 to $58, lambs over 110 lb discounted. AP U.S. market reports from Omaha Sioux City Des Moines add price ranges for cattle hogs and pork products.
Four individuals were arrested on drunk driving charges in Linn County on Monday and today. Jeffrey L. McDonald 20 of 1119 16th St SW was arrested after his car hit a utility pole and he faced failure to maintain control. Ronald R. Volesky Sr. 41 of 1705 Keith Dr NE was arrested after his pickup struck a utility pole and he faced failure to maintain control. Richard D. Good 35 of Joliet Ill was arrested near Third Ave and Fifth St SE early today. Timothy E. Woods 26 of Kentwood Mich was arrested in the 2900 block of Williams Blvd SW early today.
Des Moines reports show incentive prices unchanged for farm eggs with demand slightly up and supplies still long for large sizes while mediums move toward balance. Moderate sales to breakers noted and dealer inventories down seven percent from last week. Prices to producers per dozen vary by grade and size, with Grade A large 41 to 44 cents, Grade A medium 34 to 38 cents, and other farm eggs ranging from 14 to 38 cents depending on grade and size.
The Senate votes 65 to 20 to require spending growth restraint for any future tax cuts. If adopted, Americans could see about 164.5 billion in tax cuts from 1980 to 1983, averaging roughly 453 dollars for a typical four member family earning 200. House approval is uncertain, reflecting election year inflation concerns.
News Service notes unsettled market in the U S west north central states with light offerings and trading. Demand remains moderate and supplies are adequate for the week ahead. Prices in cents per pound at farms for commercial flocks too few to report.
Joliet reports light cattle receipts with prices 25 to 50 cents higher for under 240 pounds and 103 to 125 dollars for 200 to 240 pounds. Chicago USDA bid prints show butter and eggs steady with butter 1.1750 to 1.1800 per pound and eggs at 62 to 65 cents for extra large delivered to retailers.
The Kirkwood Community College board re elected B A Jensen Cedar Rapids president on a 6-2 secret ballot with James Sauter absent. Wayne Newton Luzerne was re elected vice president by acclamation. Two new directors Jensen and Roy Wingate Iowa City sworn in. Sauter absent for District No 4.
Democratic candidate Nick Berry of Mount Vernon proposes tax deferral for farm successors and 100 percent productivity on farmland taxes. He calls for local land use control to curb urban sprawl, rail revitalization funded by fuel taxes, and greater IDOT road and bridge maintenance. He also backs limiting absentee corporate and non resident land ownership and supports the Rural Community Development Act. Berry, a Cornell College professor, spoke at George and Rita Neitderhisar’s home.
City Transit Director Ray Bagley reports General Motors gave Cedar Rapids 20 buses with uncushioned fiberglass seats instead of red cushioned ones. GM will cover about 80 000 dollars to replace. delivery could shift to November with work by city crews.
Cedar Rapids market reports higher prices for soybeans and corn with gains across October November and December crops. No.2 corn October 2.02 November 1.95 December 2.09. White corn 32.54 for October and 3254 for December. Soybeans October 6.49 November 6.49 December 6.60. Old oats 1.43 new 1.43. Delivery at Cedar Rapids processors 10.00 a.m. Pro Farmer Grain provides quotes.
Wheat No 2 hard red winter 3.56n, No 2 soft red winter 3.56n. Corn No 2 yellow 2.25n, 2.20n for hopper and box. Oats No 2 heavy 1.32n. Soybeans No 2 yellow 6.72n.
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