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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 18, 1975
Page
2
The New York stock market closed in mixed fashion after modest early gains. The Dow Jones average hovered around 824, down 1.25 points at 2 p.m., with gainers edging losers 3 to 2 on the NYSE.
A dense, OCR drawn list shows stock quotes and financial figures from various companies and brokers. It includes tickers such as Keuffel Esser Telex Texaco Textron TRW Transocean Union Pacific United Parcel and many others with fractional price quotes and date annotations. The piece resembles a market update page from a 1975 Associated Press publication, listing multiple issuers and price ranges in a compact ledger style.
UPI USDA report lists Monday prices paid to delivery for eggs by grade and size with steady retail quotes. Major potato markets show shipping point prices per 100 lb sacks for Texas round reds and golds, California long whites, Wisconsin and Colorado whites and reds, and Washington norgolds, with varying price ranges across states.
UPI reports Monday beet trading slow with light demand for 600-900 lb choice steers at 72.50 to 75.00 and 500-700 lb heifers with no sales amid uncertain demand. Pork trade slow with fresh pork cuts steady to higher in larger weights and skinned hams up 50 cents to 89.00-89.25.
Iowa hog traders reported slow livestock trade with fairly good demand. Butchers remained mostly steady with prices 25 lower. sows uneven to 50 lower. Prices for various weight classes ranged from 47.25 to 58.00 per hundredweight. Estimated receipts 50,000 versus 61,000 last week and 78,000 year ago.
Monday trading showed higher hog prices with bulk 210-240 lb butchers at 56.00 to 56.50 dollars, sows 49.50 to 50.00, and heavier weights discounted. Cattle and calves weaker overall, with select steers and heifers in the 30s to 40s per hundredweight, while sheep and lambs varied by grade. Other markets in Waterloo, Omaha, Sioux City, Des Moines, Joliet, and Webster City reported demand steady to firm for hogs and mixed moves for cattle, with price ranges spanning and several weight classes noted.
CHICAGO AP reports grain futures dropped sharply on the Chicago Board of Trade as organized labor boycotted loading vessels bound for foreign shores with U S grain. Soybeans and soybean oil hit session limits while corn neared bottom at close. Wheat fell to limit then recovered. oats also declined. Cash wheat and corn prices were mixed with No 2 soft wheat around 3.89 and corn near 3.23 to 3.10 per bushel, soybeans near 6.23.
Gov Robert D Ray said proper channels were followed when more than 34000 from a state authorized fund were used to remodel the Camp Dodge home of Iowa Adj Gen Joseph May in 1971. He noted work complied with state law and saw no impropriety in the project.
John William Davies, 23, of 2401 Ninth avenue SW, was charged with burglary after a southeast side resident found him inside his house. Police found Davies hiding in the back seat of a car near 517 Knollwood drive SE at 1 55 a m Monday. Koehler awakened, saw a light flicker and a man with a lit match climbing stairs. he ordered him out and called police. Davies pried open a window to break in. He is held in Linn county jail on a $5 000 bond for burglary and parole violation.
Alfred L. Anderson 46 of Texhoma Oklahoma received a suspended 30 day sentence for manner of conveyance after Cedar Rapids police found a loaded .22 revolver in his car. He was charged originally with carrying a concealed weapon. Judge Louis Schultz rejected a plea bargain to defer the sentence a year. Anderson has no prior felonies but 15 misdemeanors.
Gary L. Molitor 21 of 414 Avenue NW was charged with assault and battery for beating a young woman. Officers reported seeing Molitor strike Cindy Daley 311 Eighth Street SE near her residence around 8:50 p.m. Saturday. He was jailed and later released to the department of adult correction services.
Numerous brief police reports across Cedar Rapids include a woman reporting $35 stolen from her apartment on First Avenue NE, a car break in at Town and Country shopping center with a $187 CB radio and $40 antenna taken, and other incidents such as a window broken at Harrison School, a purse snatching, missing mowers and jewelry, and a gunshot report. Also noted are upcoming tours, church activities, and community notices.
Linn County Attorney Eugene Kopecky announced his office will cease recommending a specific sentence in drunk driving cases. He cited ABA guidance urging prosecutors to present facts and let judges decide, with possible exceptions for severe injuries or unusual circumstances. He plans gradual policy changes, including plea bargaining reforms.
Washington AP The Federal Energy Administration said the end of oil price controls would raise consumer petroleum prices by no more than three cents per gallon. Deputy Administrator Eric Zausner forecast the world oil market would not offset the removal of U S import fees, with controls set to expire August 31.
Austin A Rich has filed nominating papers for Cedar Rapids parks commissioner. He previously ran for the post unsuccessfully and is the second candidate to file this year.
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