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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 08, 1973
Page
3
Amid chatter of rising wages and employment signals the Dow Jones Industrial Average closes down slightly while broader markets show volatility. Investors weigh higher rates and soft economic data as tech and industrials drift with modest gains and losses.
Cedar Rapids market report shows Friday cattle prices with hogs and packer discounts. Hog prices ranged around 48 to 50 dollars per hundredweight for 200 to 234 pound pigs, with sows 32 dollars. Packers offered discounts by weight, lifting for heavier carcasses and weight slabs accordingly.
Des Moines reports mixed cattle pricing with steer quotes generally rising into the 40s per hundredweight and veal, hogs, and pork market notes varying by size and region. Webster City and Postville listings show steady to slightly fluctuating bids while oat and beef futures reflect broader market shifts. no significant price spikes detected.
Sen. Dick Clark accused the administration of ignoring rural needs as a $150 million water and sewer grants appropriation faced repeated impoundments. He urged OMB and USDA officials to uphold congressional intent while noting rural communities remain in urgent need of funds for health hazards and essential projects.
Fragmented OCR text mentions livestock market terms and possible abbreviations, with unclear names and places. The readable portion hints at a market listing or price report but lacks coherent details to identify date, participants, or outcomes. The piece appears as an incomplete data fragment from a livestock sale notice.
Des Moines Iowa governor Ray warns truckers against blocking interstates as 12 National Guard troops remain deployed. He vows immediate arrest and possible conspiracy charges for drivers who halt traffic while officials assess confiscation options. A push to legalize 65 foot double bottoms is also mentioned amid the dispute.
Athens reports Gen. Phaedon Claids rejects portraits in public and private spaces and refusal to be called his excellency. The move contrasts with ousted predecessor Papadopoulos whose portrait hung widely. After the coup, Papadopoulos’ images were removed and replaced by a military-backed seal of regime.
Police nabbed Marlon Pillee on Friday, transporting him to Cedar County jail. The man was implicated in a parole violation and linked to a rifle bullet incident. No further details available.
A jumble of church notices lists worship times and Sunday schools for Marion churches including Bethel Baptists at 1000 Eighth Ave and St. Jose’s Catholic on Fifth Avenue with mass times. Additional entries note church sales and property transfers including Downeys selling a home on Mowrlh Avenue and a new house on Ninth Street, with firm names Sharp and Co and Ken Borschel and Son involved in the transactions.
William B. Anderson of West Branch was honored for leading the effort that made the Hoover Presidential Library site possible. Lloyd Fawcett praised him as the driving force behind the project while officials from the Herbert Hoover Birthplace Association and National Park Service lauded his lifelong devotion to Iowa Cedar County and the nation.
Federal Reserve reduces reserve requirement on large demand deposits to 8 percent, effective next Wednesday. The move aims to free more money forharrawet's and other borrowers, with deposits of $100,000 and over affected.
Associated Press reports wiry Saturday efforts restored electric service in central Iowa after Tuesday ice storm knocked down poles and disrupted miles of transmission. Light and Power officials said rural homes in several towns were last to recover with key restorations in Jewell, Gowrie, and Randall as crews completed repairs by Friday night and early Saturday morning.
Representative Rosapepe advocates ending the oil depletion allowance arguing it is an unfair tax break that harms the public. He criticizes the tax system as contributing to the energy crisis and calls for economists to reexamine the issue ahead of the coming session. The remarks, delivered in Des Moines, emphasize removing loopholes and avoiding simplistic tax reforms.
A regional meeting reviewed gear and mementos from the Jost Marquette expedition offered to an Iowa town for a proposed interpretive center. State groups will evaluate pieces for display and plan a site, with French government interest noted.
DES MOINES Iowa Senate Democratic leader James Schaben a 1974 gubernatorial candidate donated a 25 foot blue spruce from western Iowa to Des Moines for the Statehouse Christmas tree. Officials said the tree will be praised on the Capitol floor and decorated by specialists rather than lit.
Soviet vessel rescues crew off Brest France after a sinking cargo ship amid heavy seas and gale winds. Metro-Mail plans rebuilding at Mt Pleasant factory with 22 week completion, outlining costs and workforce details.
Clinton police arrested Minse Tan and Miriam Myners, both 22, for assault with intent to commit murder in a Thursday shooting of Stebert Gillams. Richard Stubblefield’s son Anthony Gillams, 17, faced assault with intent to cause great bodily harm. Gillams was shot in the face through his windshield. others injured in the day’s events included John Golden.
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