Broad Stock Drop Confirms Market Slump Amid Rate Worries
New York stocks fell broadly on Monday with the Dow down 4.93 to 742.33 as losses outpaced advances. Analysts cited doubts about interest rate prospects, rising bond yields, and near term earnings risks. traders flagged Southeast Asia tensions and anticipated poor first quarter results. The NYSE composite slid 0.23 to 42.65 while the AMEX market-value index eased to 78.71.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Southeast Asia
NYSE
Iowa and Minnesota hog market steadies Monday
Iowa and southern Minnesota packing plants reported steady to lower hog prices Monday with 200-230 lb U S 1-3 hogs at 38 25 to 36 50, 230-250 lb at 37 75 to 38 25, 270-330 lb sows 34 00 to 35 00, and 400-460 lb packer weights at 34 00 to 34 50. Trading uneven, demand fair, receipts around 80,000 for the week.
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Cedar Rapids
Iowa
U.S
London
New York
Chicago
UPI
USDA
Manuel
Exleo
Jorge
Mawr Cordle
Dvorak Former county attorney and rep dies in Fairfax
Raphael R. Dvorak 67 longtime Tara County attorney and state representative died unexpectedly at his Fairfax Washington home. Born March 7 1908 in Tara he graduated from University of Iowa Law School and practiced in Toledo. He served as Tara County attorney 1933 to 1939 and as state representative 1939 to 1943. Surviving wife Mary two sons David Laurel Maryland and Richard Fairfax six grandchildren and his mother Mrs James Dymrak Bell California. Services Thursday at 2 with Masonic rites at Henderson funeral home with calling hours after 7 p m Wednesday.
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Toledo
Raphael R. Dvorak
Tara
Fairfex
Dvorak
University of Iowa Law School
Tame
Federal
Powermnen
Bathe Creek
Mich
Washington
Mary
David
Laurel
Richard
Fairtox
James Dymrak
Bell
Calif
Henderson Funeral Home
Grain Losses Pared Late
CHICAGO AP grain futures closed narrowly lower on the Board of Trade Monday, with early losses in oats, corn, wheat and soybeans of roughly 2 to 16 cents. A late rally with short covering trimmed declines in oats, corn and wheat. soybeans finished 1.5 to 1.6 cents lower. In cash markets, Wheat No 2 hard winter 186%9m, No 2 soft red, and Corn No 2 yellow were noted with price levels listed. Dressed meats in Des Moines showed mixed beef and pork trading activity with steady to higher tones for certain cuts.
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Chicago
Board of Trade
Hopper
Bony
Music firms sue Cedar Rapids tavern owner over copyright
Two music publishing companies seek 250 damages from Bulicek, owner of Bulicek's Czech Inn at 64 Sixteenth Avenue SW, Cedar Rapids, alleging permission of performances of Sealed with a Kiss and Bad Bad Leroy Brown in violation of copyright laws. Performances allegedly occurred between October 1974 and January 1976.
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Cedar Rapids
Darlene Bulicek
Bulicek
Sixteenth Avenue SW
LeRoy Brown
Former Davenport Mayor John Jebens Dies at 56
Davenport IA AP Former Davenport mayor John Jebens 56 died during the night of an apparent heart attack. His body was found by his wife on a living room sofa. Jebens served as mayor from 1966 to 1972 and was a Scott county supervisor.
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Davenport
Joan Jebens
Scott County
Roland Perkins
Jebens
Katheryn Kirschbaum
Scott County Board of Supervisors
Petition Urges Linn-Mar Marion Merger Talks
A petition circulating in Linn-Mar urges the Linn-Mar and Marion Independent school boards to meet and discuss a possible merger. Marion board members invited Linn-Mar to discuss the plan with no commitment to a vote, while residents seek study and dialogue on eliminating duplications in services and facilities.
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Linn-Mar, Marion
Linn. Mar
Marion Independent School Board
Linn-Mar
Bor Hoskins
West Tenth Avenue
Marion
the Gazette
Hoskins
Marion Lupt
Clark Stevens
Stavens
Lint-Mar
Pla
Stevens
Marion Schoal
Grand Jury Convenes in Cedar Rapids Parks Case
The Finn county grand jury convened Monday to review several cases. The first involves the alleged theft of a walnut boy from Cedar Rapids parks department, valued at several thousand dollars.
MENTIONED IN THIS ARTICLE
Finn County Grand Jury
Seasion
City of
Cedar Rapids
Blunt U S Stand Casts Pullover Oil Conference
Paris AP reports oil exporting nations and client states opened preparatory talks for a World energy conference after the United States urged a stronger stance against powerful exporters. Louis de Guiringaud chaired, proposing closed sessions to balance sovereignty with interdependence while Algeria backs subject-first talks. OPEC signaled it would join only if broader nonoil materials are included. the U S favors an energy problem only framework.
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Paris
Wantington
Louis de Guiringaud
France
United Nations
de Guiringaud
U.S
Organization of Petroleum Exporting Countries
OPEC
Algiers
Suit for Release of Federal Drug Funds in Iowa
Total Awareness Inc a Council Bluffs drug abuse agency filed in district court seeking release of 105474 dollars in federal funds for its operation The petition names Iowa Gov Robert Ray State Comptroller Marvin Selden Jr the Drug Abuse Authority and its director Fred Brinkley Jr as defendants It alleges the funds were approved by the National Institute on Drug Abuse but not released and questions whether state officials can impound or redirect federal funds for a private entity The state allegedly refused funds after a review citing fiscal programmatic and community concerns.
MENTIONED IN THIS ARTICLE
Council Bluffs
Total Awareness, Inc
Iowa
Robert Ray
Marvin Selden
Drug Abuse Authority
Fred Brinkley, Jr
National Institute In Drug Abuse
Total Awareness
No Changes Planned On Police Pay
Gedar Rapids city council discussed sergeants and detectives pay on Monday. The panel reversed a previous move to equalize salaries by moving both into grade 38, tabling action after debate sparked by a citywide job survey.
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Gedar Rapids
Heigher
Buteat
Serkewil
Fenks
Steinbeck
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Agnes
Bese Ag Krona
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Wwe
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Tomar
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Sinstead & Kinaiea
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Martaae
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orgPu
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Navaie
Lamson Brothers
Ion Low Fears
Vain van
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Raphael Dvorak
Mpi
John Jebens
Mutual Ife
Cedar Rapids Gazette
Tom Lanton
Rich Brown
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Ene
Mel
Lamar
Lima
Wahl & Waal, Inc
Gouck Clever
Mame Company
Vitle
Alatee Wahl & Wahl, Inc
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