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.
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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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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Holiday
Homestic la
NEW York
Exchange
ideaiBasic
Itek Corp
Pat
A. KoisrAl
Kongei
Koyserr
Liddmcnl
Wits
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LTV Corp
MorNor
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Chrysier
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NewPw
CEN
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Norris
Lan Las Lee
PanAm Air
L'O Pasco Inc
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Penney
PepsiCo
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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.
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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.
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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.
MENTIONED IN THIS ARTICLE
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.
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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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
James Steinbeck
Steinbeck
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