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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 22, 1975
Page
21
New York stocks rose on easing inflation and strong early gains, with the Dow up over seven points early and major indexes showing gains in afternoon trading. Exxon and Texaco moved on mixed quarterly results as market breadth remained broad but cautious amid high short term rates and Indo China tensions.
Cedar Rapids market reports higher hog values with No 1 200-230 lb butchers at 39.75 to 41.00 and 230-250 lb at 39.25 to 40.75. Sows 35.00 to 37.00 for 270-330 lb range. Cattle prices vary by grade with steers and heifers mostly steady to higher and cow values in the 18.50 to 20.50 range. Grain bids list corn at 2.72 and soybeans at 5.52. Des Moines pork and poultry reports show mixed demand and steady to higher prices.
President Ford argues against tying the Fed to political wishes while exploring changes to the Fed board terms. He predicts an economic upturn as monetary and fiscal policies align, notes possible Middle East decisions, and rejects categorical 1976 running statements while keeping Rockefeller as potential running mate. The report also covers livestock and commodity prices from multiple markets.
Preschool story hour set at Edgewood library 1 15 to 1 35 p m Wednesday. Various ads and notices include sales at Ample Lady, Kirkwood meeting cancellations, Temple Judah games, real estate ads, price rises, Lebanese dinner, garage break in, coin theft, ice cream social, Wheat back cents sale, welding society meeting, Johnny's Parkway specials, money missing at Young School of Beauty, Montrose games, Hickory smoked ribs nights, car damage incident, Jaycees sandbox events, hearing society dinner, and rental meat grinders.
CHICAGO AP farmers saw soybeans plunge the limit as futures tumbled Tuesday, dragging down most grain contracts. Soybeans fell 19 to 20 cents with May at 5.60. wheat eased 5 to 8 cents. corn slipped 0.5 to 4.25. oats mixed with a mild rise.
Three Cedar Rapids men face drunk driving counts after a Monday night stop. David W. Viktora, 46, was arrested on Highway 150 south of Center Point after allegedly weaving. James D. Prosser, 20, was taken into custody on Oakland Road NE for erratic driving. Gordon E. McDowell, 27, was found passed out in his running car at First Avenue and Tenth Street. All remained in county jail Tuesday awaiting arraignment.
Linn Auditor Merle Kopel has withdrawn his opposition to a bill set for debate Tuesday that would allow same day registration. He says safeguards curb fraud and will push for stronger penalties while noting provisions to ease registration and voting.
FMC Corp. reports first quarter 1975 sales up 12 percent and earnings up 48 percent to 26.9 million dollars or 80 cents per share. Chairman Robert H. Malott warns results not a reliable guide for full year due to economy. Machinery group backlog at 1.02 billion. fiber and film divisions posted losses.
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