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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 10, 1976
Page
10
New York trading ended with further selling as the Dow Jones Industrial Average fell 8.81 to 968.28, its lowest close since February. Over four days the index slid more than 35 points, and weekly loss reached 23.30. NYSE losers outpaced gainers 7 to 2 as volume eased to 19.05 million shares.
A second man is charged after a March 28 robbery of a 13 year old boy on Tenth Street NW. John F. Huston, 23, of 829 E Avenue NW, is jailed on a $5,000 bond. Michael B. Sailor, 24, of 1524 A Avenue NE, was previously arrested and released.
Kalvin Prandy ten year old son of Karen Prandy of 322 Thirty seventh Street NE was burned Friday afternoon when camping fuel ignited. He received second degree burns to his lower right leg and was treated at a Cedar Rapids hospital before being released.
Chicago reports soybeans and corn retreating while wheat and oats mix within a narrow range. May prices show soybeans down 1 to 2 cents, corn near steady, oats slightly mixed, and wheat down about 44 cents. Des Moines livestock quotes show steady to higher cash trade for butcher and sows, with varied feeder and steer prices. Webster City notes light slaughter demand but higher hogs. Futures close with mixed grain bids and an old note about a 1790 patent law.
Navy Corpsman 2nd Class James E. Wilson, 24, son of Edwin O. Wilson of 2114 E Street SW, earned the Navy Commendation Medal aboard USS Claude V. Rickettts homeported in Norfolk. He was cited for heroism during November 22–23, 1975 after the collision between USS Belknap and USS John F. Kennedy in the Ionian Sea.
In Fayette county district court Friday two men faced drunken driving charges. Ivan N. Kloft, 37, Gelwein, received a suspended sentence up to a year in the penitentiary on a third offense and was placed on two years probation. Eugene E. Moore, Elgin, was fined 300 dollars for a March 17 incident. Special: Hawaiian Sheriff ern, 10 dollars. Pierson's Florists and Avenue Floral are listed along Ellis Boulevard and 39th Avenue SW. Coe Campus offers free parking for “Woman on the Move” near Center Point Road between C and D Avenues for one dollar. A four-day event at St. Luke's Hospital Ramp is noted. Ady West Union.
A reader seeks guidance on redeeming mutual funds to reinvest in a bond fund. The adviser notes costly buying commissions and suggests switching to a fund with only a $5 total commission. Readers are advised to weigh commissions, yields, and safety before switching.
Coast guard pollution strike teams from St. Louis and Dubuque were sent to the Burlington Fort Madison stretch of the Mississippi to clean up about 3 000 gallons of oil spilled in the river. The source of the oil is unknown and downstream communities have been alerted to take precautions in their water supplies.
ABILENE Texas AP More than a decade after financier Billie Sol Estes went to prison for mail fraud and conspiracy the government still seeks to collect over 45 million dollars from Estes and his wife Patsy. Two petitions filed with the U S district court seek judgments against Estes for 21 094 955 and Mrs Estes for 24 358 025 in back taxes penalties and interest for 1959 1962. Estes declared bankruptcy in 1962 and has since neglected repeated collection attempts. He was paroled in 1971 after six years of a 15 year term and remains on probation until 1980.
Linn County Iowa Zoning Board scheduled a hearing in Room 103 at 1 PM on April 6 1976 to consider a case by George H Hoovdy for a conditional use permit and view proposed amendments to land use in Linn County. The meeting agenda includes rezoning requests for the Industrial Park area and access street improvements with restrictive parking, plus related construction approvals and park land upgrades.
Notice records the incorporation of Mowey Canes Incorporated under Delaware law. It lists the corporate name, date and place of filing, registered office, and agent, along with a roster of organizers, initial shares, and principal office address. The document reflects formal steps for state recognition and authorized capital. The names of organizers and the registered agent are included.
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