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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 20, 1979
Page
25
New York stocks show mixed action at 10 30 a m with a broad array of quotable shares from Aetna to Xerox. Investors weigh earnings, dividends and price earnings ratios across major sectors amid thin trading.
Readable OCR fragment shows a string of ticker like symbols and numeric values with no clear narrative. The text lists company abbreviations and fractional numbers that resemble a financial notation snippet or index line without context or complete sentences.
United Press International reports Dow Jones average at 386205 with mixed moves for industries and tech shares. Industre index declines slightly while traders await economic cues amid a cautious session.
Standard and Poor's hourly index figures show the industrials utilities and financials sectors with current values and previous closes. The data lists sector readings such as industrials at 40.40 and utilities at 15.65 with corresponding prior closes 40.76 and 15.72, reflecting market movement.
Chicago bid quotes show Wheat No 2 hard red winter 4.284n and No 2 soft red winter 4.324n Corn No 2 yellow 2.7734n and 2.7234n for hopper and box Oats No 2 heavy 1.4734n Soybeans No 1 yellow 7.112.
Des Moines reports slow beef trade with limited offerings and weaker steer and heifer prices in the 500 to 700 pound range. Heifer prices hold 92.25 to 98.25, while pork markets rise modestly with higher values for loins, Boston butt, hams, bellies, and various weight ranges. overall demand remains good for pork.
Hogs steady to 50 cents lower for butchers to 550 pounds with 200 to 230 pound hogs at 37.00 to 37.50. Sows to 550 pounds 29.00 to 30.50. Butchers 230–240 pounds off 25 cents. heavier cuts increasingly discounted. Sheep market down 1.00 with spring lambs 61.00 to 63.00. lambs over 105 pounds discounted. Buying hours 7 to 10 a.m. weekdays. Futures: cattle sales limited. hogs 1,200 head weak to 25 lower. No. 1–2 220–240 lb 39.00–39.60. 200–220 lb 38.75–39.00.
Soybean prices rose for September October and November crops by 23 cents. White corn and oats held steady from Wednesday's close while yellow corn advanced 1 1/2 to 3 1/2 cents across September October November and December contracts. Prices shown are Cedar Rapids processors delivery at 10:00 a.m. with various crop price points and grower versus free market quotes. Pro Farmer Grain provided the figures from Cedar Rapids with contact listed.
UPI reports a mid afternoon uptick in the Dow and NYSE index as traders juggle portfolios before quarter end. AT&T moves on tariff restructuring talk while Mobil and several oils gain on drilling prospects offshore Newfoundland.
Iowa hogs show moderate demand with prices mostly steady to up 50 for sows and higher with large weights. No. 1-2 hogs 200-230 lb bring 37.00 to 38.50, 230-270 lb range 35.25 to 38.25, sows 30.50 to 31.50. Omaha hogs fall 50 to 75 cents, U S 1-2 200-250 lb 38.50-39.00, 250-270 lb 37.50-38.50. cattle and calves light, cows 50 52 dollars per hundred. Friday cattle and hogs outlook shows 2 100 cattle and calves 3 500 hogs.
Sioux City hogs and cattle prices shown with modest trade and mostly lower hogs sows and cattle down. Des Moines market news notes light offerings and few sales with undertone steady to barely steady, egg prices mostly from 37 to 46 cents per dozen and little farm activity.
AT&T posted a record 2.08 dollars per share for the quarter ending August 31, up from 2.06. Net income rose to 1.47 billion on 11.6 billion in revenue, versus 1.40 billion and 10.4 billion a year earlier. For the full year, Bell System earnings reached 5.53 billion or 7.95 per share, with a 9.72 percent return on about 87 billion in average total capital.
UPI reports hog market activity with butchers and sow prices ranging from 32.50 to 38.50 for various weights. Chicago dairy prices show butter and milk prices steady, with butter at 127.50 to 132.00 for different grades and E99 milk unchanged.
Evidence of arson collected at a Wednesday night fire at 1956 Fourth Ave SE. Mildred Scott owns the house used as a craft shop warehouse. firefighters faced heavy storage as they reached the attic amid multiple ignition points. A suspect was seen fleeing after smoke was spotted. Gasoline spilled at Kingston Stadium caused a brief explosion when tractor ignition occurred.
The dollar fell sharply in Tokyo and Frankfurt as gold soared to record highs in European bullion centers. In Tokyo it closed at 222.35 yen, down from 223.675, while Frankfurt saw the dollar dip below 1.80 marks for the first time in 11 months, with a midmorning price of 1.7748 marks. Dealers cited uncertainty over the U.S. economy inflation and political climate as factors behind the decline. Gold meanwhile recovered.
Dubuque Packing Co reports a $6 million loss in the first 37 weeks of the fiscal year and another $6 million loss in the prior year. Company spokesman Clifford Less says the figures will be used in negotiations with the United Food and Commercial Workers Union as Local 150 threatens strike action.
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