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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 02, 1976
Page
11
The market drifted lower Monday with the Dow Jones average around 31.59 by midafternoon as banks cut prime rates by a quarter point to 7 percent. NYSE volume reached 9.59 million shares while major indices slipped and banks faced pressure from manufacturing setbacks at National Semiconductor.
Steven Alan Ganske, 28, of West Union, was arrested Friday on forgery and uttering a forged instrument after attempting to pass a stolen check from Golden Razor at 213 Thirteenth Avenue SE. The incident occurred at a Merchants National Bank drive-up at 11:43 a.m. He remained in Linn County Jail on a $5 bond.
Cedar Rapids market reports Monday show hogs and butchers lower across weight classes with country and plant delivered prices for 210 to 230 lb butchers at 43.50 to 44.00 dollars. Sows 300 lb steady at 37.00 to 37.50, with lighter and heavier weight ranges discounted further for over 270 lbs. Packers see 25 to 50 cent reductions per weight bracket up to 600 lbs.
Police report two break ins at the Larry P Gardner residence Bil Eighteenth Street SE with goods valued at 51609 stolen. Burglars entered via a basement window taking two vacuum cleaners three citizen band radios four scanners three citizen band base and microphone a television set record player and tape deck a battery meter and miscellaneous rock.
Lis bone Iowa couple feared dead after flood roared through Thompson river canyon near Estes Park killing at least 55. Morningstars Leon and wife remained at the Wal tonian hotel destroyed by rising waters as relatives search in the area. Dale Wycoff family from Estherville fled to higher ground after warnings. their car and belongings were washed away. HL Huggins and wife also fled a motel 13 miles east of Estes Park losing their car and possessions.
Wheat, corn, oats and soybeans closed lower on the Board of Trade with soybeans dropping to the limit on stop-toss selling. Reported losses sparked selling across markets as traders adjusted grain and livestock positions in Chicago and Sioux City trading pits.
An 11 year old was charged with tampering with parking meters after Cedar Rapids police say he broke off a double headed meter and tossed it over a bridge. He was arrested on the First Avenue bridge at 11 48 p m and later released to his brother.
Steven M. Durgin 18 of 2308 Coldstream Avenue NE pled innocent in Linn District Court to larceny charges. He is accused of stealing stereo tapes and an FM radio tuner from a war owned by Michael Fuchs of Cedar Rapids on July 33. Trial set for September 9.
A Tama county attorney's information charges Michael A. Wanatee Jr 25 Route 2 Tama with burglary in a break in at the Tama Toledo County club where more than 20 dollars in merchandise was stolen. Cedar Rapids proposed 1957 city budget set an all time high of 6496570 dollars.
Death reported for Robert Belville of Barre Vermont as relatives notified. Police noted burglaries and thefts in the Cedar Rapids area including missing cash, a television, jewelry, and damaged property. Military assignments and local club events are listed along with substitute teacher information.
Fred Young of 729 Fernwood drive NE chased three 16 year old youths after they threw eggs at his car window in the 4600 block of E Avenue NW at 10:45 p.m. Saturday. The trio admitted stealing eggs from Dairy Maid on Edgewood road NW and were charged with malicious damage. They were released to their parents.
Four Iowa Republicans promote Gov. Robert D. Ray for the GOP vice presidential nomination, aiming to place him as a strong, balanced choice for the Ford ticket at the Kansas City convention. The group includes Marvin Pomerantz John MacDonald Jack Pester and David Belin all loyal to Ford. Ray has avoided public comment on pursuing the No 2 spot.
Darryll Kapier age 22 of 620 Fifth Avenue SE was arrested at 6 37 p m Saturday on a malicious injury to a building charge. The Linn County attorney lowered it to criminal trespass after police said he broke a back door window at the Los Ankeny residence 708 Fifth Avenue SE. He was taken to Linn County jail and released Monday on a 300 dollar bond.
A youth was charged with pointing a .22 caliber pellet pistol at two motorcyclists, Stuart Stoltz and Leonard Shoaxa, from a car on Sixth Street SW between Wilson Avenue and Twentieth Avenue. He was arrested at 7:22 p.m. Sunday and released by his brother.
United Press International notes a milestone in publishing as about two thirds of all books worldwide had appeared by 1952. The report highlights rapid growth in global printing and distribution and mentions expanding literacy and library access.
Cedar Rapids police charged two people with drunken driving over the weekend. Larry Smith, 17, of 1124 Cheyenne Road NW, was arrested at 2:15 a.m. Sunday after his vehicle struck a parked car on Avenue NW. his 17-year-old passenger, from Lut, was treated at St Luke's Hospital and released. Sweet, 20, of 43500 Sugar Pine Drive NE, was arrested at 1:43 a.m. Sunday near Second Avenue and Fourteenth Street SE after being seen driving erratically.
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