Stock Prices Lag Amid Inflation Worries In New York
New York market slipped on Thursday under inflation fears. Dow Jones average fell 1.10 to 819.46 as gains lagged and breadth favored decliners. Investors weighed rising rates and price hikes across steel, autos, resins, and other basic materials amid light trading.
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New York
New York Stock Exchange
NYSE
Aimex
Armour Plant Ends Operation After 70 Years
Mason City Armour and Co meat packing plant, the citys largest employer, ends more than 70 years of operation. Plant will cease slaughter Friday after noon, with some workers kept to pack equipment for shipment. The facility, owned by Armour since 1995, began as Jacob E Deckey and Sons in 1894 and currently employs about 900 people.
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Mason City
API
Armour and Co
Thursda
Fucility
Dan Rubincon
Robinson
Armour
Jacob E. Deckey and Sons
Grain Prices Rise Amid Active Trading in Chicago
Chicago reports show higher commodity futures as buyers return, with soybeans up about 9 cents and corn nearly 8 cents in late trading. Des Moines notes mixed Iowa Minnesota receipts, steady demand, and fattening prices for live cattle and hogs, while Des Moines federal market data describe firm undertone and selective price changes across grains and livestock.
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Chicago
DES Moines
USDA
Iowa
Minnesota
U.S
Carpenters Vote On New Pact In Cedar Rapids
Carpenters union members will vote Saturday at 9 am to ratify a tentative agreement with Allied Construction Interests. The election occurs at Carpenter's Hall, 1246 Wilson Avenue SW, after an all night bargaining session with the Contractors and the Five Rivers district of carpenters.
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Cedar Rapids
Carpenter Union
Carpenter's Hall
Wilson Avenue
Five Rivers District of Carpenters
Market Prices Shift Across Regions On Thursday
Cr markets report higher cattle and pork prices with ranges for live cattle and butchers. Des Moines and Chicago notes show steadier hog values and mixed soybean and corn figures, while New York listings reflect soft demand for wholesale soybeans and butter.
Prescription Forgery Case Term Suspended
Lary E Benters, 23, given a five year suspended sentence for obtaining prescription drugs by forgery after arrest on the southeast side last December. Judge August Hansell ordered probation with medical treatment. Teddy A Gilliam, 22, also of the southeast side, pled innocent to robbing Herbert C Krause of 40 dollars on July 31. Trial slated for Oct 6. He is jailed in Linn county on bond.
MENTIONED IN THIS ARTICLE
Lary E. Benters
Southeast Side
Benters
August Hansell
Teddy A. Gillian
Herbert C. Krause
Gilliam
Jarceny
Linn County
F Joe Kelly Dies Services Saturday
Kinross Fr Joe Kelly 95 retired farmer died Wednesday in North English born November 20 1889 north of Kinrose married Christina M Klein December 26 1917. Survived by wife two daughters son 15 grandchildren nine great grandchildren three sisters and three brothers. Services Saturday 10 am Sacred Heart church burial Lite Creek cemetery. Prayer Friday 8 39 at Powell’s North English with viewing after 2 Thursday.
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Donald J. Des Moniies
Ella Carroll
Spencer
Eta von Rueden
Dallas
Byrle Kelly
Searle Kelly
Merle Kelly
Burley
Idaho
Harley Kelly
Claritan
Sacred Heart Catholic Church
Lite Creek
Kinross
State raises approved for about 2700 Iowa workers
Polk county district judge ruled to permit pay hikes for about 2,700 state employees to take effect Friday. The Association of Transportation and State Employees sought to halt the raises but the petition was dismissed. The group argues the merit commission allocated $115 million unevenly, favoring upper-level workers, while only 22 percent of all state workers are in that category.
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DES Moines
Polk County
Gibson Holliday
Assn. of Transportation
Aut Balancfion
Tod Ithe
Association
Iowe
Iowa Merit Employment Commission
Loh Niemeyer
Lows Employment Security Commission
County Worker Group To Vote Friday on Union
Lint County maintenance workers will vote Friday on whether to be represented by a union for future collective bargaining. If yes, it would be the American Federation of State County and Municipal Employes. About 600 county employees are affected, with 426 in paraprofessional professional clerical and deputy sheriff units while 25 supervisory personnel and confidential secretaries are excluded. Voting times vary by location at the county shops home road, the Tara County care facility, and the Snark Bar in the Limi County courthouse.
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Lint
American Federation of State
Limn Tounty
County Home Road
Tana
Snark
Limi County
Uni
Breakin Near Fairfax Probes $4000 Theft At Rural Home
Deputies investigate daytime burglary near Fairfax where over 4000 in items vanished from a one story rural residence along highway 149. Among stolen property are an 850 sterling saddle a 455 halter a 450 shotgun a 400 rifle a 250 silver coin collection jewelry and coin banks. Tack equipment valued at 225 was also stolen from the Paul Jecabak residence on Wilder Drive.
MENTIONED IN THIS ARTICLE
Line County Sheriffs
Fairfax
Robert Wood
Norhh
Highway 149
Paul Jecabak
Wilder Drive
Stolen Safe Recovered by Hawkeye Scuba Club
Members of the Hawkeye Scuba club recovered a large safe stolen on January 14 from Keith Clark’s residence on Route One in Marion. The safe was found in the Cedar River near the Prairie Track power station. A small amount of cash family treasures and business papers were taken.
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Hawkeye
Keith Clark
Route One
Marion
Cedar River
Prairie Track
Ralph Childs Dies Longtime KMA Broadcaster
Ralph Childs 96 a news broadcaster at station KMA for 35 years died Wednesday in Shenandoah He was born in Waterloo in 1908 entered the industry in 1933 producing and acting in a religious play for WMT Cedar Rapids He joined KMA in 1999 and stayed until semi retirement last year He was past president of the Iowa AP Broadcasters Assn and a founder of the Iowa Radio News Assn Services were pending.
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Shenanuoah
Ralph Childs
KMA
Shenandoah
Childs
Waterloo
Theaulivesting
WMT Radio
Cedar Rapids
Iowa AP Broadcasters Assn
Iowa Radio. News Assn
Problems of Elderly Aired at Hearing
Two members of congress listened to elderly concerns at a Cedar Rapids field hearing of the House Select Committee on Aging at Cut College. The session marked the Social Security Act's 40th anniversary and touched on the SEATS bus program ending due to federal funds. Testimony from officials and seniors addressed quality of life and funding frustrations.
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Congress
House Select Committee On
Cut College
William Randall
D-Mo
Michael Blewin
Cedar Rapids
Area Ten
Two Injured In Separate C R Mishaps
Two traffic accidents left minor injuries for a bicycle rider and a motorcyclist. Kelly Leigh Perry, 10, was treated at St. Luke’s for head injuries after a collision with a Jeep on Thirtieth Street NE. Clayton Vikan, 18, was treated at Mercy Hospital after a crash with a car on Sixteenth Street SW. No charges were filed.
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Bell
Kelly Leigh Perry
Staubcourt NE
St. Luke's Hospital
Thirtieth Street
Elmhurst Court
William Earl Brownlea, Jr
Second Avenue SE
Brownlea
Ebhurst Court
Browning
Groupolive
Clayton ‘Vikan
Twelfth Avenue
Mercy Inospital
Slaleath Avenue
Jstreet
David Clair Edwards
Mechaninsville
J Street
Sixteenth Street
Edwards
White Tilton
Pair Arrested for Refrigerator Theft.
Jerry W. Milam age 22 and Dessié R. Jones age 2 2, of 1139 Tenth street SE, charged with larceny after allegedly stealing a $51 refrigerator from landlord Soulette M. Lead of 4420 Bowling Street SW. The theft occurred at 826 Fifth Street SE after they moved out on August 2. both held in county jail.
MENTIONED IN THIS ARTICLE
Jerry W. Milam
Dessié R. Jones
Tenth Street SE
Fifth Street
Soulette M. Lead
Bowling Street
Milam
Miss Tones
Equnty
Plea Change Told In Breakin Case
Trachta 26 of Marion changed his plea to guilty on a breaking and entering charge for the Casino tavern at 226 First Street SW. Sentencing was set for September 19 with bond in place.
MENTIONED IN THIS ARTICLE
Fotin P Trachta
Rouge One
Marion
Puilty
Casino
First Street
Congress passes the Social Security Act in 1935
On this date in 1935 Congress enacted the Social Security Act establishing old age and unemployment relief programs. The landmark law created a national system of social insurance and public assistance programs designed to provide economic security for Americans.
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