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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Oct 12, 1979

Page

23

New York Stocks Composite Prices Snapshot From NYT 10:30 AM

United Press International reports selected composite prices as of 10:30 a.m. with extensive listings from multiple markets. The NYSE and other exchanges show varied performances across numerous companies including Abbott Labs, Alcoa, Ampex, Exxon, Texaco, Coca Cola, General Foods, and many more, reflecting broad market activity and dividends notes.

United Press International AbbottLab AmAirin AmBrands AmCan Metek Ampex Armco ArmCk Asarco AshiondOi Anrcht Atlas Corp AvcoCe Avnetinc Bokeriti Borden Borger Bost Ed Broniff Briggs BrisMy Britp

Amex stock prices at 11 20 am from United Press International

Amex nationwide composite prices list selected stocks as of 11 20 am with gains and losses. The report names many firms such as Adobe Oil Circle K Loews McCulich Of USFilter and Syntex along with price changes and percentages indicating market movement.

Amex United Press International Feimato Fronter Giant Housthill Kaiser McCulich Mitchil E Okep Cop RescCott Va Solitron Dev Sup Ind Syntex yscoCe Telefiex Usfilter WyoBne

New York Stock Indexes Mixed as Markets Open

Standard & Poor's hourly indices for Friday show mixed early moves with price levels listed for several sectors. The report notes values such as 14.96 49.27 12.36 and references prior close figures around 117.66 14.82 49.14 12.30, indicating fluctuating trading sentiment.

Swst Bc Va Sonsps Brnd Tdocal Oilind SternDro Stewen Sun Co Sunshnm Utd Teh Utd Tel Voriana WarnCom New York Standard & Poor

Cedar Rapids hog and sheep markets steady with varied price breaks

Cedar Rapids markets report a steady hog market with butchers 34.00 to 34.50 for 200 to 230 lb stock, sow prices 28.00 to 28.50, and weight-based discounts up to 300 lb. Packers see further declines. sheep prices steady with wood lambs 58.00 to 60.00 and shorn lambs 60.00 to 62.00. Grain prices show soybeans and corn mixed, with nearby futures quoted by Pro Farmer Grain. Des Moines listings note largely unchanged prices for live hens in light demand.

Cedar Rapids U.S. West North Central States Des Moines Federal State Market News Service

Iowa hog market mixed prices and receipts yet steady undertone

Iowa hog market report shows trade moderate to fairly active with steady to higher undertone. No 1-2 200-230 lb butchers 34.50 to 35.50, larger sows 28.50 to 30.00. receipts 90 000 today, 20 000 Saturday, 115 000 Thursday, 82 000 week ago. Eggs quoted Grade A large 44c, Grade A medium 34-38c, several lines noted.

Des Moines UPI Iowa Federal State Market News Service

Renault Buys Stake in American Motors

Renault acquires 5 percent of AMC for 15 million dollars and may raise its stake to 22.5 percent through conversion of loans totaling 135 million. AMC will assemble Renault cars in the United States, marking deeper French-U.S. auto ties.

Detroit Renault U.S American Motors Corp AMC

IBM bond issue drains underwriter profits in record sale

Wall Street underwriters faced a record loss on IBM’s $1 billion corporate debt offering as prices fell after Fed rate moves. Salomon Brothers led the sale with $800 million sold, leaving $200 million to $400 million unsold as traders re priced risk. Bond market volatility and demand shifts left many firms with steep markdowns on the seven year 9 14 percent notes and 25 year debentures.

New York UPI Wall Street International Business Machines IBM Salomon Brothers Federal Reserve Board Don Cronin Oppenheimer & Co Salomon Cronin Fed Treasury

Salsbury Laboratories Sold to Soltex Polymer of Houston

Salsbury Laboratories will operate as an independent unit under Soltex Polymer Corp of Houston, a wholly owned Solvay subsidiary. Headquarters and main production stay in Charles City. Dr. John Salsbury remains chairman while Michel Osterrieth becomes president and CEO. Soltex is a major U.S. producer of resins and peroxygen chemicals. Solvay is a leading European chemical firm.

Charles City Salsbury Laboratories Soltex Polymer Corp Houston Texas Solvay and Co Belgium Solvay- Soltex John Salsbury Michel Osterrieth Soltex Polymer U.S Solvay Europe

Selective Buying Lifts Stocks Amid Cautious Trading

Energy and related stocks buoyed markets as buyers moved in with bargains after a steep midweek selloff. The Dow edged up 0.09 to 844.71 at 1:15 p.m. EDT while NYSE volumes fell from Thursday levels. Schlitz Occidental Petroleum and American Home Products led gainers on the Big Board with small increases. Dome Petroleum topped activity on the American Stock Exchange, slipping slightly.

New York UPI NYSE Ing American Stock Exchange Joseph Schlitz Occidental Petroleum American Home Products Amex Dome Petroleum

Brown Fellow John N Brown Dies at 79

Washington AP reports John Nicholas Brown, senior fellow at Brown University and founder of St. Dunstan's College of Sacred Music, died Tuesday at age 79. He hailed from one of America's oldest families. Also note Nixon's 10 year ago plea for action on his legislative program.

Washington John Nicholas Brown Brown University St. Dunstan’s College of Sacred Music America Nixon

Dollar climbs on world markets to yearly high in Tokyo

The dollar strengthened on global exchanges finishing in Tokyo at a yearly peak amid a sharp gold drop below 390 an ounce. It traded around 226.85 yen, marking an almost one yen gain from Thursday, with earlier European rates inching up across major currencies.

London Tokyo Zurich U.S Europe

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