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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 01, 1969
Page
13
New York AP report notes stocks rose sharply driving a third straight rally as Friday trading ended with gains. Market activity remained brisk near the close with volume around 15.07 million shares versus 14.18 million the prior day, reflecting broad advances over declines.
Chicago AP reports hogs strong to mostly 20 cents higher on Friday while slaughter steers heifers and Spring lambs were steady. Analysts attribute the early upside to the market's deeply oversold condition after a long decline.
Prices across multiple markets show renewed strength with Asamera Oil up 75 at 24 and Allegheny Airlines slipping. Livestock prices strong at Chicago with cattle and hogs trading higher amid steady to higher butchers and packers demand. Des Moines reports moderate trade with cattle and hogs priced up to 25.50 for 200 to 230 lb delivery.
Chicago reports wheat futures rising as rain affected prices, with September up around 6 to 9 cents near close. Cash grain prices listed include various hard yellow and white wheats, with spot ranges for No 2 hard yellow and other grades. Omaha livestock trade shows steady demand for steers and cows, while Des Moines reports Midwest carlot beef and pork prices with varied firmness across cuts and weights.
A correction note clarifies a Wednesday listing for William Wenzel at 5451 Gordon NW, shifting fines for speeding and a misprint 310. Hawkeye Sheet Metal and Heating moves to 1215 4th Ave SE due to urban renewal. Various notices report hospital visits, barber shop relocations, a closeout sale of 1969 models, a pins ceremony at a Salem church, and obituaries. A crash on the Sixteenth Avenue viaduct injures none seriously. two Cedar Rapids men escape major harm as a truck and car collide. a 21‑year‑old man and others are treated and released.
Cedar Rapids police and state highway patrol arrested four Minneapolis residents Friday afternoon on larceny and carrying concealed weapons charges. Detained were Michael G. Lipp, 19, Barbara Lipp, 19, Thomas K Petersen, 22, and Robin L. Parsons, 19. Officers report towels, sheets, and a bedspread were stolen from the Twin Poplar motel on Highway 90. Mrs Lipp reportedly concealed a semi automatic pistol. a switchblade knife was also found.
Pittsburgh reports a wave of price increases led by U S Steel with Armco Inland and Laughlin matching $4.50 to $9.50 per ton on flat rolled steels used in autos appliances and cans. The hikes took effect August 6 affecting about 40000 workers who gained 14.2 cents per hour under a three year contract. U S Steel said GM asked to pause deliveries while it reevaluates prices in the competitive landscape.
William K. Soule pled innocent Friday to transporting a stolen motor vehicle across state lines. He was arraigned before Federal Commissioner K. W. Feudling and is held in Linn County jail. Larry Gutz was appointed as his attorney. Trial date set for 9:30 am August 26.
Gary Thompson aged 26 of 490 Valleyview Drive joins the Marion police department, bringing staff to 14 under Chief of Police. Thompson is a Marion native and Marion High School graduate of 1911. he previously worked for Collins Radio Co. Officials plan to hire three more officers in 1970 to reach 17.
Marion police start a long bicycle licensing program running daily from Saturday through August 16, excluding Sundays. Licenses issued 8 am to 4 pm at the rear of city hall. Officials estimate about 1100 bicycles exist in the city. 1500 licenses had been issued so far in 1903.
Five residents were arrested early Friday at the Wildwood Pool apartments after a manager complained of an all night party disturbing neighbors. John O Donnel faced intoxication and disturbing the peace charges with a $25 fine. Peter J Staffel posted $30 bond on disturbing the peace. Glenn Clothier and David Kremanek were charged with disturbing the peace and released on $30 bonds. Steven L Marks faced disturbing the peace and resisting an officer, with a $25 fine and costs. he pled innocent to the resisting charge, and a trial date was set for Aug. 6 with a $110 bond posted.
HUD encouraged Cedar Rapids officials to preserve a 45 million Neighborhood Development Program credit linked to water plant upgrades from 1966 and 1987. Officials expect approval, though form may change. the NDP targets Oak Hill Time Check and Riverside rehab with a 6 million total. A separate break in at Local 405 Electricians Union reports a burglary, with a safe pried open and thrift certs left useless to thieves.
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