Dow plunges as inflation fears bite Wall Street
The market nosedived for the third straight session led by broad declines on the New York and American stock exchanges. The Dow Jones Industrial Average fell 6 85 to 92 33 at noon amid inflation concerns and investor worry after President Nixon's speech. Martin Marietta and Atlantic Richfield led declines on heavy trading, while Richfield dropped to 72 5.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
American Stock Exchange
Nixon
Wall Street
Dow
Martin Marietta
Atlantic Richfield
Supreme Court
Richfield
Cedar Rapids Hog Market Rises 50 Cents on Tuesday
Prices paid on the Cedar Rapids hog market jumped by 50 cents. Monday’s delivered lots for country and plant butcher hogs weighing 200 to 230 pounds ranged from 34.50 to 35.00, with packers holding 25 to 50 cent deductions for heavier weights. Cattle and calf values showed mixed moves with steers and heifers at 39.50 to 41.50 for select grades and cows mostly 29.00 to 34.00, while feeders ranged 28.50 to 44.25 in light trading conditions.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Omaha
U.S
Central Iowa Livestock Market Report Faces Lower Demand
In central Iowa cattle prices were uneven as demand lagged at the market. Quotations show mixed trends with calves and hogs fluctuating and overall activity subdued. analysts estimate around 200 cattle and 800 hogs accounted for in early figures.
Motorcyclist Injured in Hiawatha Crash
Ronald Williams a 16 year old rider from Maplewood drive NE was admitted to St Luke s hospital after his motorcycle was struck by a car in Hiawatha shortly after 11 am Tuesday Police say Gary Fleck 27 of Second avenue SE failed to yield at Second avenue and Willman street He is charged with failure to yield and with no Iowa driver s license Williams listed in fair condition
MENTIONED IN THIS ARTICLE
C.R
Ronald Williams
Maplewood Drive
St. Luke’s Hospital
Hiawatha
Gary Fleck
Second Avenue SE
Second Avenue
Willman
Iowa
Williams
Old Soybeans Gain Limit In Chicago Trade
Old crop soybeans advanced the limit for a session in Chicago with a second day of limit gains. Wheat futures fell about 2 percent while corn slipped and oats rose slightly. Near end of day, May soybeans at 5.68%, May wheat down, May corn down, oats up.
MENTIONED IN THIS ARTICLE
Chicago
Iowa Hog Market Report From Des Moines UPI
Trade was fairly active with demand good in interior Iowa southern Minnesota hog markets. Butchers 50 to 75 cents higher, sows up to 50 cents or more. Prices ranged for various weights with U S 1 3 200 230 lb butchers 35 50 to 37 00 and lighter and heavier lots listed. Weekly totals show Tuesday estimate 985 000, Monday 80 000, week prior 88 000, year ago 81 000.
MENTIONED IN THIS ARTICLE
Iowa
Des Moines
UPI
Minnesota
U.S
Monnday
Waterloo Hog Prices Rise for Butchers and Sows at Plant
Waterlooo hog market shows No 2 butchers up 1.00 per cwt with weights 200-230 lbs and sows 25c higher. No 2 sows around 300 lbs listed at 31.25 to 37.50, plant delivery prices varied.
MENTIONED IN THIS ARTICLE
Waterloo
Postville Beef Market Prices For Tuesday
The Postville market quoted prices for prime steers at 45.00 to 46.50, choice steers 44.50 to 45.50, good steers 40.00 to 43.00, standard steers 37.00 to 42.00, choice heifers and utilities around 19 to 60.00, commercial cows 30.00 to 34.50, and bulls 38.00 to 44.00.
MENTIONED IN THIS ARTICLE
Postville Beef
Postville
Postville Beef Market
Cantar Td Utility Co
Frozen pork belly prices and meat trade notes
Feb midweek commodity quotes show beef demand slow in Iowa markets with select cuts firmer. Fresh pork carcass trades are limited with loins and bellies up to 50 to 53 cents. Skinned hams and picnics vary, with bellies 16 to 18 pounds around 50.7 per cent and other weights amid mixed movements.
MENTIONED IN THIS ARTICLE
Iowa
Orivere
Wholesale egg prices steady as USDA reports New York balance
Wholesale egg prices delivered to Chicago show little change with extra large 49-52 cents, large 48-50, medium 45-47. New York wholesale offerings remain adequate with improved demand. fancy large 46-49, fancy medium 43-46, fancy small 37-35. Butter offerings in balance and demand fairly good with no price changes.
MENTIONED IN THIS ARTICLE
EW York
New York
Welbitt Co
Atlas Corp
Indust
USDA
Epas
Chicago
Home freezers sell quickly under low cost ads
Readable ad text shows rapid freezer sales when a low cost, fast acting want ad is used. Shoppers respond to economical pricing and quick availability, driving brisk demand and short inventory turns.
Postal jokes replace Edsel as object of gibes in Congress
Calif Senator Alan Cranston argues the Postal Service Reform Act era has produced faster but poorer mail service. He cites overtime pressures, a 63,470 fewer workers since 1970, and a 2.3 billion piece rise in mail volume. He notes 400 eliminated collection boxes in California amid population growth and delays in delivering Christmas mail.
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NEW YORK + Postal service
Calif
Alan Cranston
International News Service
U. S.senate
Sen. Cranston
Tomation
Cranston
Postal Service
Kopel Challenges Johnson Linn Voter Registration Cost Claims
Linn Auditor Merle Kopel called figures cited by Johnson County Auditor Dolores Rogers inaccurate in a cost comparison for voter registration. He says Linn data processing costs for voter registration are about 8 000 dollars, not 127 200. He questions Rogers figures and defends election integrity, noting no serious problems in three elections since he took office.
MENTIONED IN THIS ARTICLE
Linn
Merle Kopel
Johnson County
Dolores Rogers
Rogers
Linn County
Kopel
T Bis County
Iowa
Woman Sentenced on Forgery Charge in Linn County
Cedar Rapids woman Rose McMurray received a suspended one year jail term and probation after pleading guilty to uttering a forged instrument. District Judge Ansel Chapman imposed the sentence for passing a $95 check made out to herself with another man’s forged signature at a Cedar Rapids grocery store on January 17.
MENTIONED IN THIS ARTICLE
Rose McMurray
Linn County
Ansel Chapman
Cedar Rapids
Cedar Rapid
Life General Agent Opportunity with The Hartford
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Life General
The
Hartford
Ed Kaplan
Cla
Life Insurance
Hartford Insurance Group
Conn
City Told FHA Places Priority On Oak Hill
The state director for the Federal Housing Administration said Oak Hill in Cedar Rapids is the top priority for subsidized housing. Nate Ruben indicated federal rent subsidies are possible and Cedar Rapids rates highly on the agency list. The council weighed rejecting bids for Oak Hill urban renewal if subsidies are not assured, with a decision likely as bids due Friday.
MENTIONED IN THIS ARTICLE
Federal Housing Administration
Oak Hill
Cedar Rapids
Nate Ruben
Donald Canney
Ruben
Council Cites Preference on 1380 Lighting
Cedar Rapids city council on Tuesday favored mercury vapor lights for Interstate 380 through the city. Iowa highway commission reviews plans and agreements. state will pay construction, city covers power and maintenance. The commission proposes city upkeep for towers at Sixth and Bowling streets SW and for the I-380 and highway 30 interchange. Sodium lights use less power but higher maintenance and cause nausea from the greenish glow.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa Highway Commission
Sixth Street
Bowling Street
I-380
Highway 30
Cedar Rapids Signs First City Arrangements Agreement
City and federal officials signed an Arrangements Agreement to outline needs and steps for federal housing aid. HUD and FHA representatives participated, with no dollar figures due to funding uncertainty, and a five year housing plan and city code updates required by deadlines in 1973 and 1974.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Federal Housing Administration
FHA
Department of Housing and Urban Development
HUD
Guy Birch
Omaha
Nate Ruben
Des Moines
Nixon
Hogs and Cattle Mixed Results From Sioux City Sale
Sioux City livestock report shows hogs uneven with early 50 to 75 cent gains in 90-270 lb range and U S 3 190-240 lb quotes around 37.75 to 38.00. cattle trade steady to higher with steers 1050-1350 lb at 44.00-45.50 and 43.00-44.00 for other grades. calves and heifers cited with modest gains.
MENTIONED IN THIS ARTICLE
Sioux City Livestock
Sioux City
USDA
U.S
Choice
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