Livestock Market Report Canners and Breakers Prices
Canners valued at the lower end and breakers trading from 39 to 43 cents per pound. Boning utilities ranged 38 to 45 cents per pound. Butcher bulls noted at 70 to 79 cents per pound.
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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 12, 1985
Page
7
Canners valued at the lower end and breakers trading from 39 to 43 cents per pound. Boning utilities ranged 38 to 45 cents per pound. Butcher bulls noted at 70 to 79 cents per pound.
New construction starts in January reached 1.8 million annualized, the strongest since June, as new home sales rose 2.6 percent. Economists forecast a 1985 housing year buoyed by favorable rates, with Kaufman & Broad projecting 25 percent more deliveries and Westchester County noting a 15 percent price rise last year. Mortgage rates fell in February, fueling cautious optimism for continued activity into mid year, though some analysts expect rates to rise late in the year before a possible rebound.
Tony Stevens profiles Carbon Dale brokers Brad Burley Burley-Shay Investments Don Hancock John Purcell Thomson McKinnon John Uffelman E F Hutton. Burley advises buying a November soybean option with strike 6.50 and 11 cent premium, cost 575 per contract, to capitalize on potential gains while noting risks. Purcell projects Dow near 1220-1240, suggests MCI stock at 9 to rise to 12-13. Uffelman mentions SIU Carbondale housing bonds rated A1 by Moody's and A plus by S&P with maturities 1993 1997 1999 yielding 9 9.8 and 10 percent.
Dayco Corporation Ohio reports its highest ever first quarter sales at 212 billion dollars, up from 203.5 billion. 1985 earnings total 2.2 billion, with 30 cents primary and 25 cents fully diluted per share, while 1984 first quarter earnings were 3 billion and 4 cents primary. Wolohan Lumber posts 1984 sales of 139.2 billion and 2.6 billion net income, with 45 and 23 cents per share respectively. F E Holmes Son Construction receives 10 year Butler affiliation for contributions to pre engineered metal building systems. Central Illinois Public Service reminds customers utility taxes can be deducted on 1984 federal returns. state taxes paid may be itemized on Schedule A.
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