Stock Prices Sag as Inflation Worries Rise
Financial Market News reports a sagging stock market on Thursday with light trading. The Dow Jones average fell 1.10 to 819.46 at 2 p.m. while the NYSE composite slipped 0.16 to 45.72 and the Amex index dropped 0.26 to 85.80 as prices for steel cars lead and plastics rise.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
NYSE
Amex
Webster City Livestock Market Report Summary
Webster City AP reports Central Iowa Livestock Market trading with cattle not establishing a trend. Hogs traded with butchers 50 to 75 lower. prices 58.25 to 58.75 for butchers, 51.00 to 53.00 for sows, tops to 53.50, light bears 45.00-47.50, mids 43.00-44.00, heavy 44.00-45.00. Also Waterloo hogs noted steady with packer deliveries at 200-230 lbs about 56.50-57.00, No. 2 sows 49.75-50.25.
MENTIONED IN THIS ARTICLE
Webster City
Central Iowa
Cattie
Waterloo
DES Moines
USDA
Iowa
Minnesota
U.S
Omaha (Ap
Chicago
Ember
Sioux City
Commodities Rise in Late Trading Across Grains and Meats
Across Chicago and Des Moines markets, commodities advanced with soybeans up 5 to 9 cents and corn and oats rising, while wheat showed mixed gains. Des Moines reports Friday hogs weak to 50 cents lower, feeder prices steady, and farmers facing stable demand amid sufficient supplies.
MENTIONED IN THIS ARTICLE
Chicago
Cedar Rapids hog market climbs amid mixed weights and discounts
The Cedar Rapids hog market strengthened Thursday with Wednesday prices for 210 to 240 lb butchers at 57.00 to 57.50, and packers applying discounts for heavier weights. Sows under 300 lb ranged 50.50 to 51.00, while heavier lots faced 0.25 to 0.75 per 10 lb reductions. Cedar Rapids sheep priced from 36 to 40 dollars, corn at 3.02, soybeans 5.86. Des Moines beef and pork trade reported moderate demand and light sales, with hogs and cattle price ranges noted across regions. Continuous regional reports from Sioux City and New York covered hogs, steers, heifers, and egg market conditions.
MENTIONED IN THIS ARTICLE
Des Moines
Federal State Market News Service
Mds
Chicago
UPI
USDA
Texas
Texas Norgoids
Cedar Rapids
Armour Plant Ends Operation in Mason City
The Armour and Comeat packing plant in Mason City, its largest employer, ended operations after 70 years with slaughter halted by Thursday and full closure by Friday afternoon except for some warehouse and shipping work. About 900 workers currently toil there, with 140 managers and 760 hourly staff, down from a peak of 1,600. some staff will stay to pack equipment for shipping to other Armour facilities. The plant has been Armour owned since 1935, originally established as Jacob E Decker and Sons in 1899.
MENTIONED IN THIS ARTICLE
Mason City
API
Armour and Comeat
Don Robinson
Robinson
Armour
Jacob E. Decker and Sons
Carpenters Vote on New Agreement in Cedar Rapids
Cedar Rapids carpenter union members will vote Saturday at 9 a.m. on ratifying a tentative contract with Allied Construction Interests. The election takes place at Carpenter's Hall, 1266 Wilson Avenue SW, following an all night bargaining session with the Contractors and the Five Rivers district of carpenters.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Carpenter Union
Carpenter's Hall
Wilson Avenue
Five Rivers District of Carpenters
Prescription Forgery Case Term Suspended
Larry E. Benters received a five year suspended sentence for obtaining prescription drugs by forgery after arrest last December. Judge August Hansell ordered medical treatment as a probation condition.
MENTIONED IN THIS ARTICLE
Larry E. Benters
Southeast Side
Benters
August Hansell
Teddy A. Gilliam
Southeast
Herbert C. Krouse
Gilliam
Linn County
F Joe Kelly Dies Services Saturday Kinross Iowa
F Joe Kelly 85 a retired farmer died Wednesday in North English He was born November 20 1889 north of Kinross He married Christina M Klein December 26 1917 The couple farmed then moved to town in 1946 He is survived by wife two daughters a son 15 grandchildren nine great great grandchildren three sisters three brothers Services Saturday 10 am Sacred Heart Church Little Creek Cemetery Rosary Friday 8 30 at Powells North English friends may call after 2 Thursday
MENTIONED IN THIS ARTICLE
Kinross
F. Joe Kelly
Des Moines
Elia Carroll
Spencer
Eva von Rueden
Dallas
Byrle Kelly
Searle Kelly
Merle Kelly
Burley
Idaho
Harley Kelly
Chariton
Sacred Heart Catholic Church
Little Creek Cemetery
North of
Pay Hikes Permitted for About 2700 State Workers
A Polk County judge refused to halt $1.15 million in Iowa state employee pay raises affecting about 2,700 workers. The Association of Transportation and State Employees, which claims 3,500 members, argued the Merit System Commission allocated more to upper level positions and sought to discuss the final draft before implementation.
MENTIONED IN THIS ARTICLE
DES Moines
Polk County
Gibson Holliday
Assn. of Transportation
Association
Iowa
Iowa Merit Employment Commission
John Niemeyer
Iowa Employment Security Commission
Merit Commission
County Workers to vote Friday on union representation
Linn county maintenance workers will vote Friday on joining a union for future collective bargaining. If approved, the American Federation of State, County and Municipal Employes would represent the 150 maintenance staff. Voting times span morning, afternoon, and evening at county sites, with about 600 employees total and 25 excluded as supervisory or confidential staff.
MENTIONED IN THIS ARTICLE
Linn County
American Federation of State, County and Municipal Employes Union
County Home Road
Iowa
Deputies Probe $4000 Breakin Near Fairfax
Linn county sheriff deputies investigate a daytime burglary near Fairfax in which more than $4000 in items were stolen from a rural residence along Highway 149. A door was pried open between 9 a.m. and 5 p.m. Wednesday. losses include an $850 saddle, $455 halter, $450 shotgun, $300 rifle, a $250 silver set, coin collection, jewelry and coin banks. A separate theft at 502 Wilder Drive SE involved $225 in tack equipment.
MENTIONED IN THIS ARTICLE
Linn County Sheriff's
Fairfax
Robert Wood
Highway 149
Stolen Safe Recovered After Jan Theft
Hawkeye Scuba club members recovered a large safe stolen January 14 from Keith Clark residence at route one Marion. The safe was located in the Cedar River near Prairie Creek power station with a small amount of cash family treasures and business papers missing.
MENTIONED IN THIS ARTICLE
Hawkeye Scuba Club
Keith Clark
Route One
Marion
Cedar River
Prairie Creek
Ralph Childs Dies Longtime KMA News Broadcaster
Ralph Childs, 66, a longtime radio news broadcaster at KMA Shenandoah for 35 years, died Wednesday. Born in Waterloo in 1908, he began broadcasting in 1933 with WMT Cedar Rapids, writing producing and acting in religious plays. He joined KMA in 1939 and semi retired last year. A past president of the Iowa AP Broadcasters Association and a founder of the Iowa Radio News Association, services were pending.
MENTIONED IN THIS ARTICLE
Shenandoah
Ralph Childs
KMA
Childs
Waterloo
WMT Radio
Cedar Rapids
Iowa AP Broadcasters Assn
Iowa Radio News Assn
Problems of Elderly Aired at Cedar Rapids Hearing
A House aging committee held a field hearing at Coe College in Cedar Rapids as Rep Michael Blouin and Chairman William Randall heard testimony from officials and seniors on elder issues and potential legislation. The session coincided with the fortieth anniversary of the social security act and the pending end of SEATS funding in Area Ten.
MENTIONED IN THIS ARTICLE
Congress
House Select Committee On
Coe College
William Randall
D-Mo
Michael Blouin
Cedar Rapids
Area Ten
Two Injured In Separate C R Mishaps
A bicycle rider Kelly Leigh Perry aged 10 and a motorcyclist Clayton Tilton aged 19 were treated for minor injuries after separate crashes Wednesday. Perry collided with a Jeep at Thirtieth street and Elmhurst court NE and Tilton collided with a car at Sixteenth avenue and 1 street SW. No charges were filed.
MENTIONED IN THIS ARTICLE
Kelly Leigh Perry
Staubcourt
St. Luke's Hospital
Thirtieth Street
Elmhurst Court
William Earl Brownlea
Second Avenue SE
Clayton Tilton
Twelfth Avenue
Mercy Hospital
Sixteenth Avenue
David Clair Edwards
Mechanicsville
J Street
Sixteenth Street
Edwards
Tilton
Pair Arrested for Refrigerator Theft
Jerry W. Milam and Dessie R. Jones, both of 1139 Tenth street SE, charged with lar ceny of a $51 refrigerator from former landlord Loulette M. Hood of 4420 Bowling street SW. Theft reported Aug. 2 after they moved from 826 Fifth street SE. Couple held in county jail.
MENTIONED IN THIS ARTICLE
Jerry W. Milam
Dessie R. Jones
Tenth Street SE
Fifth Street
Loulette M. Hood
Bowling Street
Milam
Miss Jones
Plea Change in Breakin Case Involving Trachta
John P. Trachta of Marion changed his plea to guilty on breaking and entering the Casino tavern at 726 First Street SW last June. Sentencing set for September 19, with Trachta free on bond.
MENTIONED IN THIS ARTICLE
John P. Trachta
Route One
Marion
Casino Tavern
First Street
Trachta
Congress Passes Social Security Act on This Date 1935
On this date in 1935, the U S Congress enacted the Social Security Act shaping federal welfare policy. The landmark law created a system of old age insurance unemployment compensation and aid to the disabled and dependent children supported by payroll taxes.
Also Mentioned on This Page
The
Uae
Riest Hs
Lowe AianAlu
AllgLud
Katy
Mo Koopeie
AMP Inc
Kresges
AmoesCorp
TimeMir
Ancor
Lear
Timen
Arcane Bae
Todd Shinya
Uniroyal
LTV Corp
Uni
Luck Straap
Fee
Lumensel
Locke Ie
BoiseCas
Borden
Donalds
MeadCp
Wachovo
Bs B
MelviSn
MorNor
Zoe
Romen
NotAir
Associated Press
Cessnaair
Webster City Livestock Chase
Chessie
Chris Croft
Nielbh Coopind
Cnn
Rancoi Forlag
London
Waterloo Hogs
Lamson Am
Ins
Bondag Banks of Iowa
Vada
Beatrice Foods
Conrac Consolidated Foods
FMC
Guardsman
Harnischiger
Hawkeye Bancorp
Health Management
Interstate Power
Iowa Electric
Jono Deere
Kidde
Keuffel & Esser
Life Investors, Inc
McCord Corp
Mid America
Inc
Miracle
Paral, Inc
Quater Acts
Roth
Rockwell
United Fire & Casualty
United Guaranty
Univer
Victor Coro
Aia
Chicago Cash Grain
Poultry US
West North Centre
OWA Farm
Omaha Livestock
Lamson Brothers
Close Prey
C.R. Markets
Sioux City Livestock
Carpenters
Paul Jerabek
Wilder Drive
By Tom Fruehling
Rob Robinson
Area Ten Agency On
C.R
Kent
Signi Falk
Task Force On Aging
Marcia Swift
Linn County Social Service
Ed Sears
Sears
Henrietta Tolley
Over Sixty Club
Hawthorne Hills
Diane Rattner
Rep
Randall
Independence
Blouin
Daehler- Kitchen
Coe
America
Emmett Scherrman
LeaseAmerica Corporation
American
Lowa