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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 14 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 01, 1975

Page

16

Broad stock decline hits Wall Street in quiet session

New York stocks fell broadly as the Dow dropped 2.74 to 765.41 amid low volume just before quarter end window dressing. Losses led gainers by over three to one on the NYSE with sentiment dampened by South Vietnam and Cambodia tensions and thin trading around 10 million shares. Borden led volume loss, Walt Disney rose on strong park attendance, and Data General rose after higher quarterly earnings.

New York Wall Street New York Stock Exchange South Vietnam Cambodia Borden Walt Disney Productions Florida California Data General American Stock Exchange

Market News Shrugs Off Mixed Signals Across Stocks and Goods

New York stock prices drift amid mixed signals as trading opens. In commodities, grains and energy show uneven movements while livestock markets in Sioux City report active butcher demand and steady cattle trade. Chicago and Des Moines price reports reflect slight declines and unsettled undertones across eggs, butter, and poultry markets.

Des Moines

Cedar Rapids hog and cattle market report Tuesday

Market notes from Cedar Rapids and Waterloo show lower hogs and varied cattle prices. Monday delivered butchers 200-230 lbs brought 38.25 to 39.00, with 230+ lower. packing sows 34.50 to 35.00. Cattle quotes include steer and heifer ranges from 37.00 to 41.00 with discounts for yield grades. Grain and bullion prices also listed along with regional hog and lamb data.

Cedar Rapids

Grains End Lower After Early Session Rush

Chicago AP reports farm commodity futures opened strong but slipped as profit taking and hedge selling pulled many markets lower. Soybeans settled 4 to 6 cents down with May at 6.05, wheat down 1.5 to 3 percent at May 3.8414, corn mixed around 3.02, and oats mixed near 1.57 for May.

Chicago

Chicago cash grain prices report

AP notes Chicago wheat No 2 hard winter 3.94. No 2 soft red 3.94. Corn No 2 yellow 3.08 and 3.0244 in different ship modes. Oats No 2 extra heavy white 1.70. Soybeans No 1 yellow 6.10. Provides brief prices for listed grains and delivery terms.

Chicago

Iowa Hog Market Reports With Broad Price Ranges

Iowa and southern Minnesota packing plants and dealers report receipts of about 65 000 for the week, down from 106 000 last week. Butchers 25 75 cents lower, some 1.00 lower than Monday, demand fair, movement slow. sows down 50. U.S. 1 3 200 230 lb hogs priced 38.00, 230 250 lb 37.25 37.75, 250 270 lb 36.50 37.25, sows 34.00 34.50. Packing plants 200 230 lb 38.25 38.75, 230 250 lb 37.50 38.25, 250 270 lb 36.75 37.75, sows 270 330 lb 35.50 36.75, 330 400 lb 33.50 34.25. Joliet Illinois hogs steady to lower. cattle weak, cutters 19.00 23.50, canners 15.50 19.00. Hog offerings about 1 500, mostly 50 lower. No 2 200 240 lb 40.00 40.75, No 1 3 200 250 lb 39.50 40.00, No 3 4 270 lb load 38.00. Wednesday estimate: 3 000 cattle, 1 000 hogs.

Holiday Homestic la NEW York Exchange ideaiBasic Itek Corp Pat A. KoisrAl Kongei Koyserr Liddmcnl Wits Loews LTV Corp MorNor NotAir Chrysier Wicorp Ges Clarke NewPw CEN Coghol Sombe Ian Norfikwns Norris Lan Las Lee PanAm Air L'O Pasco Inc Penn PennDix Penney PepsiCo Ralston Pita Ravnen RCA Sioux City USDA Webster City Omaha U.S Conner Cutter DES Moines Iowa Minnesota Joliet, Ill UPI

Morgan Creek Sewer Dispute Slows Monies

Cedar Rapids city council seeks quick settlement of disputes between property owners and contractors on the Morgan Creek sewer project to unlock about 250000 in federal grants and 130000 in unpaid bills. The two-year effort nears completion but outstanding issues delay funding and payments. councilors planned talks with City Attorney to move cash flow pending resolution.

Cedar Rapids Morgan Creek Public Services Dick Jensen Dave McGuire

Cedar Rapids News Briefs pack of town items

Home on emergency leave MS3 Don Ballard of Cecilfield stationed in Jacksonville is home for his grandmother Lou White’s funeral in Manchester. Community notices include St Pius X spring card party with Armstrong style show and prizes. thefts and breakins reported across Cedar Rapids area. Also ads for bus trips to Chicago Flower Show, local dinners, public lectures, new businesses, and now open LaSalon Bleu Trimmers. Public events note Optimists program and youth basketball at Washington high.

Don Ballard Cecilfield Naval Air Station Jacksonville Fla Dean Ballard Gateway Street Lou White Manchester St. Pius X 50Th St Council St. N.E Armstrong’s

March Clearing House Totals Rise Above February

Clearing house data shows March clearings at 66,360,026 with February at 57,611,691. March 1974 clearings stood at 61,202,319, and year-to-date 1975 total reached 197,482,315 versus 175,845,933 a year earlier. Also noted, 30 years ago James Byrnes urged mobilization for increased civilian production after Germany’s fall.

James F. Byrnes Germany

Johnson Roads Reported Muddy But Passable

IOWA CITY The Johnson county board of Supervisors heard most county gravel roads are muddy yet passable. County Engineer Bud Gode said the First avenue extension in Coralville is closed along with roads around the Coralville reservoir. Several west of highway 218 and reservoir roads are closed as well as Hoosier Creek and Sandy Beach roads. The board also discussed potential budget cuts with at least 3000 dollars to be trimmed from the social services equipment budget.

Iowa City Johnson County Board of Supervisors Bud Gode Coralville Coralville Reservoir Gode Hoosier Creek Sandy Beach Social Services Department

Wedelstedt Faces $90,000 Tax Liens and Trial

Linn County records show about $90,000 in tax liens against Cedar Rapids businessman Edward J. Wedelstedt and International Amusements Ltd. A $122,116 suit seeks rescission of a Mid-America Nurseries stock purchase from Keith Clark and Roland Hiemstra after alleged false representations. Wedelstedt remains on trial for an Oct. 4 fire tied to the former Salty Dog site.

Linn Recorder Cedar Rapids Edward J. Wedelstedt Busi Linn District Court Wedelstedt Roland L. Hiemstra Keith V. Clark Mid-America International Amusements Ltd Clark Wedelestedt Highway 30 West Salty Dog Tavern

Iowa Manufacturing Walkout Stirs Union Talks

Officials at Iowa Manufacturing Co were in conference Monday morning seeking to settle what the Machinists union calls an unauthorized wildcat walkout. The strike began shortly before noon after a worker’s suspension, with first shift workers still outside the gates Tuesday as union reps deny involvement. The plant makes heavy road construction machinery.

Iowa Manufacturing Co Wildcat Iowa Manufacturing Machinist

Carpenter Pickets Non-Union Work Near Medical Optical Service

A member of Carpenters local 308 began picketing a non union carpenter at Medical Optical Service on 853 Second Avenue SE. Don Risdal says the remodel has been ongoing for weeks and is near completion.

Carpenters Local 308 Medical Optical Service Second Avenue SE Don Risdal

Taxicab ordinance change urged by safety chief

Safety Commissioner James Steinbeck urged a reexamination of the citys taxi driver licensing rules. He proposed lowering the minimum age from 21 to 18 to align with other laws and relaxing the moving violation ban while maintaining the felony restriction, arguing the ordinance should guide enforcement rather than leave it to officers.

James Steinbeck Steinbeck

Also Mentioned on This Page

The Upacco Les UnitCo Sioux City Livestock Nigner Creamery Washington North Dakota Red River Valley Idaho Falls Wisconsin OWA Lamson Brothers Fund Rein Bandag Banks of Iowa Beatrice Foods Conrac Consolidated Foods FMC Guardsman Harnischiger Hawkeye Bancorp Iowa Electric Lowa-Lil. Gas Jonn Deere Kidde Comm Keuffel & Esser Life Investors LTV Corp Mapco Maytag McCord Corp Mid-Continent, Inc Miracle Ozark Inc Paxati Quaker Oots Roth Rockwell Syntex United Fire & Casualty United Guaranty Univer Victor Corp Winnebago C.R. Markets Waterloo Hogs Waterloo London Midwest Car Lot Webster City Livestock Omaha Livestock Chicago Mercantile Exchange William Harvey Chicago Cash Grain Hogs Joliet Livestock Sally A. Septer Oakland Road Katherina E. Grazier F Avenue NW Breakin Jerry Spooner Fourteenth Street SE James Marsh, Jr Sixth Avenue SE Metro Kiwanis Don Jacobson Telephone Company Montrose Hotel Temple Judah Montrose Open LaSalon Bleu Trimmers 3Rd Ave. S.E Lois Noschhisch Cathy Schulte Adv Bob Fouts Washington High School Rex Vana Nelson’s Grocery & Meats Robert G. Brown Ames Verne Joslin McGrath Pontiac Center Point Road Terry Hull J Street Sixth Street Stickney Marion Betty Rind Amana Smoky Mountains Washington, D.C Chesapeake Bay Peggy Barlow Food Store Edgewood Road University Hospitals Veterans Administration Hospital S. 11Th St 42Nd St Barbara E. Miller Third Avenue SE Vanderbilt University Nashville Famco, Inc 1St Ave. S.E Coe Maharishi International University Fairfield Coe College Gage Union Edgewood Branch Library Johnson Nesses Trailer Leasing OF Iowa Inc Wright Terry McGrath Wright Lithographing and Printing Company Tower
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