Market gains lift Wall Street on Fed relief hopes
Broad stock advances Friday as investors price in slower rate hikes after a drop in the nations money supply. The Dow rose 7.59 to 799.78 while NYSE breadth favored gainers, withCitibank keeping its prime lending rate unchanged at 7.44 percent and talk of possible future rate moves.
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NEW York
New York Stock Exchange
Federal Reserve
Fed
First National City Bank
Citibank
Piight
Te Amips
Des Moines US cattle and meat receipts Friday
USDA reports Friday receipts at Town and southern Minnesota packing plants and major yards. Prices show mixed but mostly higher live cattle quotes with steady to higher lows. Breakouts include US 1-3, 200-230 lb at 57, 230-250 lb 56.50 to 56.75, 250-270 lb 56.50, sows 270-830 lb 50.00, 340-400 lb 49.25 to 50.30, and 400-450 lb 48.75 to 49.75.
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Cedar Rapids hog market prices and dairy notes from Friday
Cedar Rapids hog market Friday saw higher bids for bulk 210 to 240 lb butchers and lighter sows, with price spreads for heavier weights and packers. Grain quotes and regional market notes from Sioux City Omaha Des Moines and Joliet report mixed gains, firm bids, and varied cattle and hog trends across several midwestern markets.
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Cedar Rapids
Sioux City
Grain quotations from Samson Brothers stockyard toward Friday
Webster City reports mixed grain and livestock quotes with cattle and hogs showing uneven moves and cattle prices weak. Butter prices in Chicago move steady with several grade ranges, while potato and onion shipments note varied FOB shipping points across states.
Portuguese Seek To Evacuate 1 000 From Isle
Portuguese officials pursue evacuation of more than 1,000 foreigners from Portuguese Timor as civil war rages between UDT and Fretilin. Timorese control grows per Jose Ramos Horta claims, with hundreds killed. Timor independence touted for 1974 appears delayed by evacuation efforts.
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Sydney
Australia
New Jersey
Timorese Democratic Union
UDT
Revolutionary Front For Independent East Timor
Fretilin
Dili
Jose Ramos Horta
Timor
Cedar Rapids woman convicted on two mail theft counts
A federal court jury found Elizabeth Gail Ashford, 52, of 1626 Park Towne Lane NE, Cedar Rapids, guilty on two counts of mail theft after a two day trial. One charge was dismissed by U.S. District Judge Edward J. McManus. She was convicted of possessing a letter stolen from the mail and obstruction of correspondence.
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Cedar Rapids
U.S
Edward J. McManus
Elizabeth Gail Ashford
Park Towne Lane
McManus
Ure
Oil Takeover Nearly Final In Venezuela Oil
Venezuela moves toward full nationalization of its oil industry as Congress approves the measure. The government will take over 23 foreign companies by December 31 with about $1.2 billion in unamortized fixed assets to be compensated. A central agency Fetroven will oversee the sector as of 1976, while tech and marketing support will come from international firms.
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Venezuela
UPD
U.S
Carlos Andres Perez
Saudi Arabia
Iran
Perez
Fetroven
City Briefs Correction and Local Notices
Correction lists Carl Cortez fined 50 dollars and costs on four charges of fighting, correcting a prior misprint about Carel Cortez. Includes details on public meetings, ads, garage sale, a broken painting report, and various community notices from Dubuque area outlets.
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Carl Cortez
C Street
Carel Cortez
DOT Backs Nonlisted Eyewear for Motorcycle Safety
Iowa DOT will temporarily accept protective eyewear certifications from laboratories not on the approved list under the new motorcycle safety law. The Iowa Motorcycle Dealers Association plans a class action suit to delay all DOT helmet and gear rules, arguing some nonlisted lab products meet standards. Matthews Motors and all dealers in the association join the suit.
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UPI
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Soviet bandits shot after Tashkent robbery
Three gang members were sentenced to death and executed for killing three people during a gang operation in Tashkent. Pravda Vostaka said they were captured after hijacking a truck and stealing silk fabrics, killing a woman silk firm official, her escort, and the driver. The dispatch notes fashion designer Marc Bohan was born four hours ago in Paris.
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Woscow (Ap
Tashkent
Pravda Vostaka
Acon
U.S. and Soviet balance praised by military chief
At the Veterans of Foreign Wars national convention in Los Angeles, Air Force Col. Georgy Brown says the strategic relationship between the United States and the Soviet Union has reached a balance beneficial to both powers. He endorses recent moves toward greater potency and says both sides can live with the current overall military balance.
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Fhe
Jobst Chiefs of Staff
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Soviet Union
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Georgy Brown
The
Veterans of Foreign Wars
Potente
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