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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 29, 1969
Page
20
New York stocks extended gains for a third straight session as about 100 issues rose while volume reached 8.83 million shares. Analysts cited a technical rise and cautious investors awaiting the Labor Day weekend with markets closed Monday.
Police and fire crews rushed to a night rescue as a swimmer clung to debris. A guard with a lantern assisted the swimmer while rescuers searched the area for survivors amid rough waters and peeling wreckage.
David H. Foster of Dallas, formerly of Cedar Rapids, resigns as vice president and general attorney of Collins Radio Co. A company spokesman confirms the resignation. Collins Radio announces four new vice presidents to fill key legal and management roles.
Market notes show hog futures range steady to 25 cents higher as traders digest Tuesday estimates and demand signals. No broader commodity shifts noted as mixed slaughter data and cash quotes temper gains.
Chicago AP reports wheat futures rose early but gains faded by close. September values show 1.2344 for wheat, corn slight up, rye down, soybeans mixed. cattle and hog markets steady to higher on a UPI wire brief reflecting U.S. livestock trade amid price adjustments. Des Moines and Chicago markets list bid quotes for live cattle, calves, and hogs with varying weights and prices.
Two Cedar Rapids men see weapon charges dropped in municipal court for lack of evidence. Gene Knutson, 22, of Fifth Street SE, and Michael Evans, 25, of First Street NE, faced ammunitions charges with a hungary tools count pending against Knutson. Judge John S. Reilly ordered dismissals pending a preliminary hearing.
The trial of Mary Wilcox, age 226 twenty seventh street NW, for assault and battery has been set for Sept. 11. Prosecutors allege Wilcox struck Patricia L. Draper on Aug. 17.
In a brief market note, Cedar Rapids traders report price shifts across key commodities and local goods. The update lists observed changes for staples and notable price movements affecting buyers and sellers in the Cedar Rapids area.
Seven Linn county residents were elected members of the Iowa State Historical Society in August. Names listed include Robert J. Colon Gerald Manviller Emili Pranskunas Vernon Spahi James Wels Edward Veatep and others from Cedar Rapids and nearby areas.
Market notes from New York indicate mixed demand and stable rates on mediums while wheel salt and related commodities show barely adequate supplies. Prices for fancy quality remain steady as buyers seek alternatives amid slow demand in the period.
The New York Stock Exchange paused plans to extend daily trading hours for 30 days after SEC requests. The move follows SEC chairman Ham er Budge letter urging more time to assess impacts of the recent extension. The American Exchange will maintain current hours until further notice.
OCR fragment lists corn derivatives with Penick and Ford names, stock items, and assorted terms like syrup, powder, tanks, and bars. Disorderly catalog shows product types, units, and vague pricing notes in a Cedar Rapids area listing.
Dallas AP report says Chrysler Corp plans a sub compact with a 91 inch wheel base and 71.6 inch width possibly by spring 1971. Chairman Lynn Townsend said the code name is the 25 Me and the car would sit between the Valiant and VW in size.
About workers from the construction sector forced entry into Mayor Barr’s office in Pittsburgh to protest a two day work stoppage tied to wage disputes. They shouted demands for the right to work and criticized orders affecting projects amid union male coalition tensions.
The report records remarks by Janae Slusser and Robert Glass about a Mayoral meeting at North Texas State University Den is tying to insure payment. It notes a pending police presence and an unusual event Tuesday related to a degree payment and a potential ad.
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