NYSE and Amex Stocks Mixed In Morning Prices
Composite price list from United Press International shows mixed futures across major and specialty exchanges. Notable movers include Alcoa, Exxon, IBM, and Goodyear with varied gains and losses as traders absorb market signals.
MENTIONED IN THIS ARTICLE
Nyt
United Press International
Apbotrl
Adarsor
Aetholft
Uslvet & AicanAli
Jle
AllegCe Bo
AllisCh
Alcoa
AMAX
Asorco
Asmondo
AuiRenf
Slate
At Corp
BaxterTi
Interest boost ends stock rally
The Federal Reserve raised the discount rate to 8 percent, matching its high, halting advances on a Friday rally. The Dow fell 3.28 to 857.84 by 1:15 p.m. EDT after an early gain, with the NYSE composite down 0.11 to 57.25 and most issues uneven in trading.
MENTIONED IN THIS ARTICLE
aAmex
Boston
Cincinnati
p-Pacific
U- Midwest
Philadelphia
Pilus
New York
UPI
Federal Reserve
United Press International
Payabie
Crouse Hinds
Redken Labs
Learjet
Scotty's Inc
Ntl Convenience
Ark
Maine
Pwr
Russ Togs
First Mid-America
SCM Corp
Southern Bancorp
Close Prey Sterling Extruder S
Stevens (Jp
Viacom Int
Chicago Cash Grain
Iowa Market News Reports Uneven Egg Prices and Light Trading
Des Moines field notes from the Federal-State Market News Service show market unsettled for the pickup week of October 2. Trading is light with too few sales to report prices. bid prices mostly unchanged to lower. Demand moderate, supplies moderate to occasionally short for next week. Eggs priced per dozen to producers vary by grade. Grade A large 46 to 49 cents, grade A medium 40 to 41 cents, other farm eggs broadly quoted with mixed rates.
MENTIONED IN THIS ARTICLE
U.S. West North Central
Des Moines
Federal State Market News Service
Federal
Cedar Rapids Hog and Sheep Market Report Friday
The Cedar Rapids hog market closed steady with butcher and packer prices. Hog prices ranged from 49.25 to 49.75 for 200 to 230 lb plants, with higher weight breaks discounted. Sows around 300 lb fetched 43.50 to 44.00, while weight-based reductions applied for heavier hogs and packers. Sheep market dropped about two dollars, with lambs at 56.00 to 58.00 for shorn and 54.00 to 56.00 for wool lambs, bans on lambs over 110 lb.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Prescees Averse Sbgs
Grain futures quotes from Chicago market report
Wheat No 2 hard red winter 3 42 Friday and No 2 soft red winter 3 42 Van. Corn No 2 yellow 2 14 4n hopper 2 10 4n box. Oats No 2 heavy 1 27n. Soybeans No 1 yellow 6 44n No 2 yellow corn Thursday quoted at 5n hopper 2 11n box.
MENTIONED IN THIS ARTICLE
Chicago
Friday grain quotations and Midwest meat trade mixed
Frid ay prices on the Cedar Rapids market show soybeans up for September and down for 1978 crop while white corn holds steady and oats edge unchanged. Separate Des Moines notes report mixed beef and pork demand with specific prices for steer, pork and hams across weight ranges.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Senate panel backs automatic surtax to curb spending
The Senate Finance Committee approved an automatic surtax tied to spending overruns as part of a tax cut bill. If Congress spends too much, taxes rise and taxpayers see the理由 on their return. The panel also backed a 4.2 billion dollar capital gains tax cut with higher earners benefiting, while adding a new minimum tax to preserve net revenue.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
Congress
John Danforth
R-Mo
Carter
Cedar Rapids Briefs Roundup of Local Ads and Updates
Local notices include a request for the return of two pet goats with confidential replies, multiple sales and services from Cedar Rapids businesses, theater and dining ads, a weekend collectors show at Hawkeye Downs, and a report of thefts at Kirkwood Community College and a residence. The items cover fashion, real estate, and community events.
Cargill Works Toward Coal Fired Boiler At Cedar Rapids Plant
Cargill Inc is installing a coal fired boiler at its Cedar Rapids corn processing site with the potential to generate its own electricity. The $40 million project aims to reduce reliance on fuel oil and natural gas while boosting energy independence and may be followed by co generation if economics improve.
MENTIONED IN THIS ARTICLE
Cargill Inc
Cedar Rapids
Cargill
M.D. McVay
McVay
Sidney
Ohio
Gainsville
Fayetteville
N.C
Dayton
Minneapolis
Dale Rodman
Rodman
Mortgage rates may be peaking says economists
Washington economists say rates may near their peak by year end. If buyers wait another year housing costs could rise by about 10 percent, while the typical American household paid roughly 55 600 and about 9 34 percent in mortgage interest last month for new and used homes. Marcis advises buyers to buy now if they need a house but wait if it is convenient.
MENTIONED IN THIS ARTICLE
Washington
Richard Marcis
Federal Home Loan Bank Board
Marcis
Markets at a Glance Stocks Slip in Moderate Trading
Markets at a Glance shows stocks lower in moderate trading with bonds and American stocks down. London stocks closed lower while cotton gold and Chicago grain futures also declined. cattle trade lacked sufficient sales to establish a trend.
MENTIONED IN THIS ARTICLE
London
Chicago
Des Moines Livestock Friday Market Report Summary
UPI reports active cattle trade with strong demand at the Des Moines market. No. 1-2 feeder weights range 49.50 to 50.25 for 200-230 lb, 48.75 to 50.00 for 230-250 lb, with heavier weights and sow prices noted. receipts estimated at 75,000.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
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Ee Inc
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We Vis
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Adv
Nilsen Road
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Cedar Rapids Racquet Club
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1St Ave
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Klinger Paint Company
5Th Ave
Little King
Edwin H. Thomas Jr
Route 1
Marion
St. Luke’s Hospital
Thomas
Iowa Hall
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Cedar Rapids Garden Club
Tomans, Armstrong’s
St. George
Liebke Hoyt Jewelers
Embassy Club
Lucken
Mount Vernon
Western Union
10Th Ave
Sunrise
Jim Vavra
Berlin
Bishop
Linn County Orthopedists
P.C
William John Robb
Earl Y. Bickel
Leland G. Hawkins
James W. Turner
Albert R. Coates
Fred J. Pilcher
Cedar Rapids Medical Center
10Th St
Betty Weaver
Yankee Coiffure
Toman
2Nd St. SE
Jerome’s
SE Tower
Walltex
Barney's Paint
Klinger’s
Tom Hoffner
Clarence
Kirkwood Community College
John Saathoff
16Th Ave
Dale Kueter
Illinois
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