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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 16, 1977
Page
19
Selected afternoon values show gains and losses across many major issues. Traders watch shifts in Amfac, Exxon, General Electric and hundreds of names with price changes and varying percent moves amid a broad market snapshot.
New York stocks inched up at noon on a drop in the basic money supply measure. The Dow Jones average rose 0.09 to 860.88 as advances led declines 4 to 3, with banks lifting their prime lending rates to 7 percent.
Cedar Rapids hog market shows 39.50 to 40.00 for 200 to 230 lb butchers with variations by weight. Sows around 35.00 to 35.50 for 300 lb. lighter and heavier ranges show declines. Cedar Rapids sheep market steady with lambs 50 to 52 and wool lambs 47 to 49. Des Moines and Omaha reports note price steadiness and light demand. egg and butter prices in Chicago weaken modestly.
Iowa hog prices show slow trade and light to moderate demand with select cuts down 25 to 50 cents while sow values hold. Chicago grains slide with soybeans and corn off 3 to 8 cents and oats steady, quotes from Cedar Rapids processors and Chicago futures reflect a mixed agricultural trading day.
Sioux City hogs 4 500 butchers slow with 25 50 lower prices 41 00 41 25. Sow prices up 50 75, 37 25 37 50 for 350 450 lb. JOLIET cattle 150 sales weak. hogs 1 400 steady to 50 lower, 42 00 42 50 for 200 230 lb. Webster City hogs 970 active trade 25 50 lower, 41 00 41 25 for 200 246 lb, 260 280 lb 40 00 40 75. Cattle none. Butter offerings steady in New York.
Former Attorney General John N. Mitchell petitions U S District Judge John Sirica for release and surgery due to degenerative arthritis. He has served under three months of an eight year term for Watergate cover up. Haldeman also seeks sentence reduction as both face late 1979 parole ineligibility.
The Senate Finance Committee voted to raise taxes on both employers and employees to back the financially ailing Social Security trust fund. Employers would face larger increases in 1978. employee taxes rise in 1979 and 1981. The panel also backed higher benefits for retirees aged 65 to 72 who earn income from other work.
Israeli Foreign Minister Moshe Dayan argues it is safer to reject a Palestinian state now and risk war than accept it and risk war later. He heads to New York for the 1977 UN session and will meet President Carter in Washington next week. He also met NATO chief Haig and CM Ministers chairman Simonet during a Brussels stopover.
The House approved a broad farm bill by 283-107, boosting grain farmers' incomes, reforming food stamps, and expanding agricultural research. It could cost up to 11 billion annually for four years and heads to President Carter, who is expected to sign despite higher costs. The measure triggers 1.2 billion in payments for this year's wheat crop and nudges corn prices up with higher supports.
A Friday vote of 75 to 11 sent a bill to the house requires employers who offer health or disability plans to cover pregnancy and related conditions. The measure defines pregnancy discrimination as sex discrimination under Title VII and overturns a 1976 Supreme Court ruling that GE did not discriminate by denying pregnancy coverage.
Linn County supervisors completed a canvass in Central City confirming Jerry D. Akers as the winner of the three year at large seat with 83 votes while Shirley Ross received 67 votes. The recount corrected an earlier misread tally that listed 87 for Ross and 67 for Akers.
In Collins cafeteria play Lee Belden and Jim Boardman tied for first with Ray Benson third and Sudhakar Divakarani fourth. Next game is Oct 6. At Kenwood Park Presbyterian church Howell movement winners were Mrs. Fred Hull and Thelma Zeman first, Mrs. Richard Golembiewski and Mrs. Clyde James second, Marilyn Burali-Forti and Joe Verbigk third. A club championship is set for Thursday at 12:30 at the church.
President Carter announced a decision on the Concorde supersonic program for Sept. 24 after two days of talks with French Premier Raymond Barre. The date also marks the end of the Dulles International trial period and possible expansion of trial flights to additional U.S. cities pending local approvals.
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