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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 04, 1970
Page
10
Financial and market notes report cattle prices steady as trading pauses. Travelers Protective Association event planned at Mohawk Park on Sunday noon at the park pavilion.
New York market news notes firmer bar prices despite trading being uneven. The Dow Jones industrial average slipped about 1.57 points to around 7219 as declines narrowed, with the market showing mixed advances and fewer losers.
Investors watched the Dow hover around the 72 support level as analysts noted a cautious stance awaiting clearer market direction. Stocks fell across most sectors with the exception of rubbers and chemicals showing mixed results. Niagara Mohawk Power traded 101,500 shares at 14, down 3.
Chicago reporters note steady slaughter steer and heifer prices as arrivals include prime spring lambs at 28.4 to 29.50 per pound. Iowa market shows fairly active trade with butchers 50 cents to 75 cents lower and sow prices down 25 to 50 cents. Estimated receipts for the week reach about 75,000 to 90,000 with varying cattle weights priced across US markets.
The board declared dividends unchanged for the quarter. Common stock will pay 5 cents per share, with 4 percent and 6 percent cumulative preferreds receiving 53.75 and 76.25 cents respectively. Dividends are payable Oct. 1 to shareholders of record Sept. 15.
A weather and market roundup notes soybeans rose briefly then fell, with soybeans futures slipping about 6 cents as grains and other commodities show mixed moves. The report also mentions siren tests in Cedar Rapids and Marion, plus local ads for beauty salons, cleaners, and services.
Quote from Kirk vows to pursue every avenue for injunctive relief to prevent dangerous substance from being deposited beyond shores. He says he is actively seeking legal avenues while warning of a Sword of Damocles over residents. Ad text includes makeup ad and local notices.
Cedar Rapids hog market activity shows prices lower by about 30 cents with buyers and sellers noting softer demand. Sellers report steady volumes while buyers cite tightened margins as regional operations adjust procurement plans.
A PB patrol plane from Barber's Point Hawaii on a training flight disintegrated after a lightning strike near Searchlight Nevada. Ten Navy crew members, three officers and seven enlisted, were killed. Wreckage spread along a rugged ridge about 50 miles south of Las Vegas. Investigators at Nellis Air Force Base opened a probe, with initial evidence backing a lightning strike as the cause.
Prank E. Lank Leonard a Miami cartoonist aged 74 who created the Mickey Finn comic strip nearly five years ago died Sunday after a long illness. He was known for his distinctive style and ongoing presence in local newspaper humor sections. Leonard's work left a lasting mark on regional cartooning and comic strip history.
Cedar Rapids municipal band will be conducted by Frank Pieraol at 8 p m on Wednesday in Greene Square and Sunday in Bever Park. Soloist Luther Meier, a graduate assistant in percussion at the University of Town, will perform xylophone solos in Serenade for a Picket Fence. This last summer concert series features pieces including Chicago Tribune March Titus Overture Irish Tune from County Derry Finlandia Star Spangled Spectacular Emblem of Unity March National Emblem Cole Porter A Symphonic Portrait and America the Beatl.
Senator Charles Percy proposes a 25 percent reduction in military PCS moves, claiming $140 million saved in fiscal 1971. He argues longer duty tours would give military families more stability, noting $1.3 billion budgeted for permanent changes of station and about $300 million spent on rotation after 12 months in Southeast Asia. The plan would not affect tours in combat areas.
Sgt. Peeter A. Hesse, son of Mrs. Renata Hansen of Brentwood Court NE, earned a Bachelor of Arts cum laude in history from Park College Kansas City Missouri in a degree completion program for military personnel.
Cedar Rapids Community School District plans to add three full time teachers to coordinate the expanded work experience program next school year, raising staff to one per high school as student interest grows from about 100 to 300. The expansion aims to serve both college bound and non college bound students earning money while in school. A reading instruction course for teachers was also discussed to improve primary grade reading teaching techniques.
Gov Robert D Ray visited the Iowa Highway Commission offices in Ames to discuss highway matters and future joint actions. Iowa will finance 40 percent of the west channel bridge and half of demolition costs, totaling about 20 percent of the 1.3 million project, with Wisconsin covering other costs and the bridge becoming toll free after a legislative cash grant. A Sept 17 public hearing is planned in Prairie du Chien.
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