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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 30, 1980
Page
25
Canadian oil stocks pressuring the market for a second straight session as investors fret over the presidential election and rising rates. The Dow fell about 4.43 points to 924.74 at mid day, with 898 advances and 430 declines on the NYSE as volume hovered near 21.5 million shares.
Listing details define annual dividend rates with variants paid in 1979 or 1980, cash plus stock, and stock-only divisions. It notes ex-dividend dates, capital distributions, and liquidating or bankruptcy statuses, plus a method for P E ratio calculations using last sale price and a 12 month figure.
New York data show industrials utilities and transports indices with notable changes. The Dow Jones averages close at 145.64 for the industrials 22.49 for utilities and 50.98 for transports, with the prior close listed as 145.43 22.45 and 50.78 respectively.
In Des Moines the beef market showed steady to higher prices for 600-900 lb steer beef at 99.00 to 103.00, 500-700 lb heifer beef around 96.50 to 100.00, while pork activity remained slow with mixed price shifts for loins, bellies, and hams across 14 to 25 lb ranges.
Former Turner Microphone Co. workers in the Cedar Rapids area plan a Sunday reunion from 2 to 8 p.m. at the Squaw Creek Park lodge in Marion near Halloween. Marian Zupke chairs the committee, expecting up to 300 attendees with bring your own seating and covered dish. Contact Zupke at 377-8113 for information.
Des Moines and Webster City reports indicate hog trade slow to moderate with bid prices for No 1-3 and 200-260 lb hefts ranging up to 47.50 per cwt. Sows steady to higher, No 1-3 cattle absent, soybeans and corn futures rise on Cedar Rapids market, with grain prices quoted for October through January crops and small shifts in oats and white corn.
The Rocky Mountain Motor Tariff Bureau of Denver filed with the Interstate Commerce Commission a 6 percent rate increase for small shipments under 300 pounds. Effective December 15, the raise applies to minimum charges and class rates for intra eleven state area and intercity shipments. The proposal cites ongoing losses on these small, light-weight consignments.
AMC joins rivals by doubling the powertrain warranty to 24 months or 24,000 miles for 1981 cars and Jeep vehicles. A $100 deductible applies during the extended period.
Cedar Rapids hog market held steady to 50 cents higher with butchers 210-240 pounds at 46.50 to 47.00, packers up to 550 pounds and over 550 pounds. Sheep market steady with wool at 55 and shorn at 58. Buying hours 7 a.m. to 10 a.m. Monday through Friday.
Omaha livestock quotations show hogs firm to 25 higher across weights with 200-250 lb pigs around 47.50 and 240-270 lb at 46.50 to 47.00. Cattle noted thin market test for steers and heifers, cows steady with utility and commercial at 43.00-44.50 and cutters 41.00-43.50. Friday outlook estimates cattle and calves at 5,100 and hogs at 3,000.
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