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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 10, 1976
Page
9
The Cedar Rapids hog market Tuesday showed firm prices for country and plant delivered butchers 206 to 236 pounds at 41.50 to 42.00 dollars. Packing sows around 300 pounds were 35.50 to 36.00 dollars. Price declines apply for heavier weight ranges beyond 230 to 600 pounds.
The industrial index climbed to 6034 amid moderate Amex trading. National Fuel Gas gained after reporting nine months earnings of 4.11 a share, while Kewanee Industries led Amex volume at 23 3/8. Resorts International A rose to 4 4/8 and Westates Petroleum held at 9 5/8 on lighter turnover.
A thinly supported market gave way to a small advance on Tuesday as the Dow neared 38800 after a weak session. Major blue chips led gains while DuPont and Eastman Kodak posted higher prices and analysts flagged modest buying interest despite limited news catalysts.
A Southern Command briefing reported on Tuesday ordered arming of wealthy businessmen and other civilians deemed prospective kidnap victims. Espaldon said these victims would also receive military guards and a meeting with civic leaders in Zamboanga, 530 miles south of Manila.
C R News Briefs notes a film World without Cancer will screen Thursday at 7 30 pm at Farmers State Bank in Marion, sponsored by the John Birch Society. Also listed are assorted local ads and notices including specials at Evy’s Lounge, yard sale, travel tours, tool theft reports, and garage breakin incidents.
The WMT board promotes Lew Van Nostrand to president while he remains WMT-TV GM. Jerry Bretey rises to GM and VP of WMT AM FM Radio and will stay VP of WMT Inc. Both have long tenures with the stations, with Bretey joining in 1960 and Van Nostrand since 1840.
Marvin Gassmann, 42, of New Vienna, was sentenced by U.S. District Judge Edward J. McManus in Cedar Rapids federal court to two years in prison and $2500 fines on four counts charging embezzlement of more than 196000 from New Vienna Savings Bank. He pled guilty to three counts of embezzlement and one count of falsifying bank records.
The Iowa Department of Transportation Commission approved a 5.4 percent raise to 31 500 for staff counsel Asher Schroeder who works under Attorney General Richard Turner who has opposed raises for his staff. Schroeder previously served as U.S. attorney for the northern district of Iowa and earns 29 900 annually. The panel also approved 5 percent raises for three other attorneys under Schroeder. Commissioner Robert Rigler urged Schroeder not to spend the raise yet amid likely resistance from Turner.
Construction of the 1 380 bridge over the railroad tracks from north of Seventh Avenue to near Glass Road NE will begin in 1977, one year earlier, due to federal funds. Bids set for next spring. project cost about 15.0 million including 2.1 million in right of way. Completion of F380 through Cedar Rapids unchanged to 1981. Cedar Rapids mass transit funds also adjusted under new federal formula.
Linn county supervisors approved a 25 percent match totaling 13 3517 562 for five Mini Title XX programs costing 74 070. The agencies include adult day care mental health department Linn Health Center and Family Services with start months October November and November for various service components.
Amtrak cuts prices on USA Rail passes starting September 1 for 14 day 21 day and 30 day options with new rates of 155 220 and 275. The discounts run through May 15 and apply to North American citizens only. Special off peak fares from Montreal and New York to Florida are also offered with reduced prices.
A Tuesday ruling by Iowa Attorney General Richard Turner says a new overtime policy proposed by Gene Vernon is not in effect because it bypassed required rulemaking. The merit employment commission must adopt a formal pay plan and rules before the changes can take effect, Turner noted.
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