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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 24, 1971
Page
2
Blue-chip stocks jumped as the market advanced modestly with heavy volume. The Dow gained 7.16 to 947.79 while the NYSE index rose to 57.32. Traders noted expectations of solid first quarter earnings, higher consumer spending, and a 4 percent rise in banks’ prime lending rate as catalysts.
AP reports ranges for prime, high choice, choice, and good grade cattle in various weight classes. Slaughter steers, heifers, cows, and bulls show wide spreads from 20.00 to 35.25 per hundredweight, reflecting market activity at the Chicago Stockyards.
Des Moines AP USDA market report lists steer beef up 50 cents, heifer beef up 1 dollar, select 500-800 lb steer 51.50-52.50, select 500-700 lb heifer 52.00. Pork loins steady, picnics down 1 dollar, skinned hams steady to 50 cents lower. Loins 14 lb and under 36.50-37.00. 17-20 lb at 32.50. picnics 8 lb and up 25.50. skinned hams 14-17 lb 35.50-35.75. 17-20 lb 33.50-34.50.
AP notes Chicago cash grain quotes with grain types and bid prices. Wheat No 2 soft red 1.66 and No 2 hard red 1.61. Corn No 2 yellow 1.51. Oats No 2 extra heavy white 77. Soybeans No 1 yellow 2.94, Soybean oil 11.24.
Wholesale egg offerings show large fully adequate supply with occasional medium short. Demand fair, prices unchanged. Standards range 29 1/2 to 32 1/2 for whites, fancy large 34 to 35 2, fancy medium 31 1/2 to 33 2, fancy smalls unequated. Butter offerings fully adequate. demand fair.
Prices paid on Saturday for Cedar Rapids hogs were steady from Friday for 200 to 230 pound butcher hogs at 15.75 to 16.25 dollars. Sows 300 pounds down ranged 14.50 to 15.00 dollars, with weight-based deductions for heavier hogs. Packers face scale cuts by weight, and sheep and poultry prices are listed, including lambs at 27.00 dollars and 24.00 for older stock, heavy breed hens at 5 cents and various egg prices. Grain prices shown include No 2 yellow corn at 1 dollar and No 2 yellow soybeans at 2.74.
Mr and Mrs Lee Quick sold their home at 920 Linnview drive to Mr and Mrs Donald L Oltrogge of 1508 Blairs Ferry road NE Cedar Rapids. The Quicks move to St Paul. Possession at end of May. Sale handled by United Realtors with John Zachar Jr Co Inc Realtors. Also note ad about apartment to rent and change of Cub Scout Pack 58 meeting site to Vernon Junior High School replacing American Legion building.
Marion area congregations list worship times and pastors for multiple denominations including Baptist, Catholic, Lutheran, Methodist, Presbyterian, and Reformed churches. Services range from morning to evening with Sunday schools, sermons, and special Bible studies listed for each site.
Collins Radio Co reports a net reduction of 100 employees during April. More workers were affected, but some were recalled for specific production jobs. The Cedar Rapids facilities now employ under 7,500 people in total.
Washington AP United States Housing Secretary Romney announced that the government will begin insuring mortgages on vacation and seasonal homes for the first time under the 1968 Housing Act. FHA had delayed guarantees due to a credit squeeze in recent years.
Washington reports the fourth spacecraft in the US Italian cooperative program was launched successfully Saturday off Kenya, Africa, according to the space agency.
In Carbondale Illinois authorities reopened review of a large raid series across three southern counties. Initial reports claimed huge caches of explosives firearms and narcotics were seized but participants said most contraband had been collected weeks or months earlier and only shown on Thursday.
Daniel R. Conway a Jefferson High School honor student and son of Mr. and Mrs. Donald R. Conway of 290 Twenty-fifth Avenue SW has received an appointment to the United States Naval Academy at Annapolis and plans to accept. The announcement was made by Congressman John C. Culver after Conway pursued the appointment for about a year following an eighth grade interest in service academies.
Six U S warships completed a five day anti submarine warfare exercise in the Indian Ocean amid rising Soviet naval activity in the region.
In Mexico City a UPI report says 190 Americans aged 18 to 25 were jailed on narcotics charges as of March 1, up from 187 the prior June, with the U.S. embassy noting Mexico’s crackdown and warning travelers to avoid drugs. The embassy cites heavy sentences for marijuana possession and dealing, and recalls incidents including an American jailed for years on Isla Maria.
A Cornell graduate school study argues insiders profit before stock splits become public, as leaks reveal impending splits. The three researchers based conclusions on price behavior before and after splits, suggesting public investors are repeatedly outrun by inside information.
Portage Michigan residents face a 25 mph limit near Portage High School after the city council adopted the ordinance cutting the prior 35 mph. Mayor Robert Duncan, Lena Bus, Portage recreation director Douglas Finley, and State Rep. Wayne Sackett were among those ticketed for the violation.
Caracas reports show President Rafael Caldera's government marking two years of a pacification experiment that offers guerrillas a choice between surrender and leniency versus repression. Officials say few insurgents remain, though pockets still attack patrols to pressure policy.
Readable classified notices show multiple babysitting offers at homes in NW Polk areas starting June 7, with contact numbers 362-4664 362-7644 363-7500 363-7513 364-1674 364-2378 364-2548 and addresses including 705 5th Ave SE near Lindale and Collins. Ironing services listed under Bever Avenue phone 364-2378.
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