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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 18, 1972
Page
16
Fragmented financial note reports bean prices under selling pressure with uncertain market data. References to 100 pound track sales and trace estimates suggest volatility. Confusing OCR leaves unclear dates or firms but notes price activity and generic market terms.
NYSE trading showed mixed results as American Cyanamid and General Motors rose while Alaska Interstate and Republic Corp fell. Analysts cited strong first quarter earnings and inflation concerns as investors weighed further boosts from positive reports against market volatility. Soybeans fell sharply amid broad selling, with wheat and other grains showing declines as the day ended.
Prices paid on Tuesday for hogs ranged 22.75 to 24.00 for 200 to 230 lb butchers, with sow and larger weight tiers noted. Prime lambs around 29.00 to 40.00, poultry prices for heavy hens and eggs listed, and No 2 yellow corn at 1.62 delivered for Tuesday prices.
Pilgrim Enterprises, Chicago, sues for 65000 in fees claiming Cedar Rapids Steel Transportation and Bus Lines agreed to pay five percent finder fees for a 1968 buyer search. Defendants Gerald Mattox Clare Mattox Bos Lines Herald A Smith Jr Cedar Rapids Steel Transportation deny contract and seek dismissal.
North American Rockwell Corp reports strong second quarter earnings with a 15.5 percent rise to 80 cents per share on $20,281,000 net. Sales for the quarter hit $829,068,000, up 11 percent from a year earlier, aided by backlog in aerospace orders totaling $2.35 billion including funded work.
New Hampton Democrat Michael Kennedy 32 said on Tuesday he will not seek re election this year ending his second two year term in the Iowa House. Kennedy cited long absences from family and law practice demands guiding his decision.
A gunman robbed the Sixth Street Gulf service station attendant Walter Robitoux of 160 dollars after entering the station at 8 15 p.m. Monday. The attacker, about 25, five feet seven, 155 pounds, wearing green pants and a black T-shirt, fled west with the cash. A description and motive remain under police inquiry.
Representatives of the Teamsters union and Cryovac division of W R Grace will renew bargaining talks Thursday morning after a Sunday night strike followed expiration of a two year contract. Federal mediation officials called the meeting to restart negotiations amid labor action.
Hensel announced his resignation effective June 2, saying it is the safest option. Battiga reported no current confusion between agencies and Ed Hanton praised the health center for addressing elder needs. He noted a good rapport between Blank and the center and their shared concern for the elderly.
Bernard neglects his upkeep while seeking expert VW service via Audi. Rolf, Geoffrey, and Lance praise the Audi's attributes, noting its plush interior resembles Mercedes and Ferrari steering tech. Ursula remains quietly impressed as the ad touts Audi as a luxury performance choice.
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