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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 01, 1975
Page
11
Wall Street slid on Friday as inflation worries and higher interest rates weighed on trading. The Dow fell about 5.48 points to 626.03 amid light turnover, with the NYSE composite down 41 at 411.1 and the Amex index down 0.49 at 89.47 as Natomas led declines after a disappointing quarterly report.
Brooke Keller, 45, unemployed and a cardiac patient, was washing his hands when a neighbor's 1959 sedan rolled downhill into his house trapping him briefly. Damage to the home was estimated at 5 000 to 8 000 dollars. Owner Berlinda Follweiler said she had been shopping and apparently did not fully put the snakes on.
Fossil footprints in Utah may be the oldest pterosaur evidence, dated at 150 to 200 million years old. The tracks are described as highly irregular and are expected to shed light on how these ancient reptiles moved on land.
Cedar Rapids and Des Moines market notes show hog prices mostly steady with Thursday values for 219 to 240 lb butchers at 57.00 to 57.50, over 240 lb cuts discounted, sows around 50.50 to 51.00, and mixed price shifts across weight grades. cattle and hay prices also listed with regional comparisons and volume data from multiple markets.
CHICAGO AP farm futures closed higher after a late rally, with wheat up 2 to 5 cents, corn 3 to 4 cents, oats up 1 1/4 to 2 1/4 cents, and soybeans rising modestly amid dry spell concerns affecting corn and soy. Trading showed unease as traders awaited relief prospects. prices reflected speculative buying and short covering.
Senator Robert Byrd of Virginia urged the United States Senate to halt further grain sales to the Soviet Union if such sales damage the domestic economy. He warned the nation is in a grain deal not yet understood and urged careful consideration of national interests before continuing shipments.
A 1072 model car owned by Gary L Hobbs at 24 Sixteenth Avenue SE was destroyed late Thursday in the 300 block of Eighth Street SE by a fire believed to be arson. Fire officials said a ri t had been seen tossing a burning object into the car. A Linn county sheriff deputy pursuing the man near Mercy Hospital could not catch him.
Cedar Rapids metropolitan area ranks 62nd in the nation for median household income with Linn County at 13 457 yearly. The area reports 417 2 million in effective buying income and 559 4 million in retail sales for last year. About 4 L 3 percent of Linn County households earn at least 15 000 annually. The region places 182nd in population among 300 metropolitans.
The senate defeated a 31.2 billion military weapons authorization bill for 15 months in a 48 to 42 vote. The result delays a conference with the House to craft a new compromise. Senator John Stennis said House approval for immediate conference is doubtful and proposed new conferees. The bill would cap weapons procurement and research and set manpower ceilings. final funding to be decided in a separate appropriation bill after the August recess.
A ten year old Cedar Rapids girl in fair condition at Mercy hospital Friday suffered injuries in a crash in which she was charged with drunken driving, and a 20 year old Marion man with minor injuries in an accident where he was charged with driving while intoxicated. Patricia L Pearson was injured on Indiana Hill road east of Cedar Rapids Thursday evening. A passenger, Nina M Curtis, 17, of Hiawatha, was treated and released. Richard D Estabrook was hurt when his car left the road five miles northwest of Marion. he was not hospitalized and suffered minor head injuries. Both drivers remained in custody Friday.
Mt Vernon files a suit in Linn district court seeking 461,750 from Anderson Engineering Co Layne Western Co and Seaboard Surety Co over alleged petroleum distillates in the city water supply The suit claims Layne Western pumped distillates into the city well during construction in 1972 with Anderson in charge and the surety posted a performance bond The city says it will need a filtration system to remove the distillates from the water supply.
Entertainer Cher has withdrawn the divorce action filed against husband Gregg Allman nine days after their July wedding. Press agent Richard Grant said they were together in Hollywood while she tapes her television show, offering no further comment.
Three gunmen held three hostages in an Oklahoma City supermarket for nearly five hours on a Friday. They released the hostages unharmed shortly before 1 p.m. after negotiations via a local TV station. Police surrounded the store, managers described the incident, and authorities refused to allow the hostages to be taken outside. The event capped with the gunmen surrendering as officers stood by.
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