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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 07, 1982
Page
6
China warned that Sino Japanese relations will worsen unless Tokyo stops rewriting World War II history in school textbooks. The People’s Daily called acknowledgment of Japan’s militarist aggression a principle issue in ties between the two nations.
Federal Housing Administration insured loans will see a 0.5 point drop in the interest-rate ceiling to 15 percent, the lowest in over a year. The change takes effect Monday for both level-payment and graduated payment single-family loans, housing officials said Friday.
Negotiations between the United Food and Commercial Workers Local 222 and Iowa Beef Processors in Omaha stalled with no new talks scheduled. The Dakota City plant shut June 7 after 2400 meatcutters walked off, violence followed reopening July 20, and at least 50 protesters were arrested. National Guardsmen assisted after clashes.
Judge Edward McManus ordered transfer of the Cedar Rapids stockbroker Gary Lewellyn case to U S District Court in Des Moines. The order paves the way for possible consolidation with a Des Moines case and follows a venue change motion. Lewellyn faces a 10 count indictment including false statements embezzlement and mail fraud involving more than 16 million dollars from Humboldt First National Bank. A separate five count indictment in Des Moines accuses misappropriation from University Bank and Trust Co of Ames.
The market approaches a record hog price with experts watching closely. If prices rise by $2 per hundredweight at Indianapolis, the regional market could match the 1975 high of $66 per hundredweight reported on page 8B of the Farm section.
Unsecured creditors file a scathing report in U S Bankruptcy Court calling for appointment of a trustee to oversee Killian's Cedar Rapids store bankruptcy. They cite gross mismanagement and excessive salaries while detailing losses totaling over 515 thousand dollars from April to June and stock purchases from family owners.
The Cedar Rapids Gazette established 1883 at 500 Third Ave SE Cedar Rapids Iowa 52406 announces subscription rates: carrier 1.65 weekly, mail Morning Editions and Sunday seven issues 8.054 weeks 85.80 52 weeks, other states 123.00 52 weeks. AP has exclusive republication rights for local news and AP dispatches.
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