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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 26, 1975
Page
10
New York traders reacted to higher interest rates with light volume trading. The Dow Jones average slipped about seven points as gains from a prior rally faded, while the NYSE composite and Amex indices also declined amid cautious investor sentiment and treasury bill activity.
A six year old Cedar Rapids girl ran from between parked cars on J Street near Wilson Avenue SW and was struck by a car driven by Gerald Frank Chamberlain. The child suffered a fractured leg, bruises, and cuts. Chamberlain, 48, of Iowa, was traveling southbound on J Street at the time.
CHICAGO AP reports limit down moves in soybeans and wheat as major grain futures fall on thin demand and liquidation. Soybeans drop about 20 cents per bushel with September at 5.9544, wheat down 20 cents, oats and corn lower as selling pressures mount. Market orders totaled around 10 million bushels with few buyers at closing.
Auction reports from Omaha Des Moines and Joliet detail steady to firm cattle and hog demand with mixed prices across grades. Notable figures include high choice and prime ranges, with specific bids for cows bulls heifers and calves. regional feeds and futures commentary accompany market activity and historical note of Eisenhower flood loan funds from 20 years ago.
Market report from Cedar Rapids notes hog prices paid Monday and Tuesday across weight classes from under 240 lbs to over 400 lbs. Prices range from about 57.50 to 61.00 for midweights, with heavier hogs discounted per 10 lbs above certain thresholds. Local packers and buyers’ bids appear with multiple figures for each weight grade and shop.
A long OCR fragment describes probate proceedings and notices of forfeiture for Linn County cases. It mentions the district court, executors, heirs, and deadlines for claims, with references to wills, probate, and public notices. The text lists dates, names, and legal actions including bids, payments, and hearings associated with estates and property.
Fire fighters walked off the job in Berkeley prompting the mayor to declare a state of emergency. Two units from the California division of Forestry were dispatched to protect the University of California campus and state and county property as authorities seek state aid.
Collins Radio asks Cedar Rapids city council to shift traffic signals on First Avenue between Thirty-sixth and Thirty-fifth streets. Proposal, led by Traffic Engineer Mel Meyer, would remove several signals along the busy corridor and realign the signal system as Collins plans a personnel move from the NE complex to the Thirty-fifth Street plant. The company cites no job gains, while layoffs of 130 workers occurred last week. Safety officials urge a full review of First Avenue signalization next week.
Iowa's seasonally adjusted unemployment rate for July was 6.9 percent, matching earlier projections. The July figure sits 2 tenths below the June 6.0 percent level and 2.5 points below the national rate of 8.4 percent, with total unemployment rising from 47,300 in June to 84,600 in July.
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