Market Pulls Back Amid Rate Hike Fears
New York stock market eased on Friday as investors worried the Fed may tighten credit to curb inflation. The Dow fell 1.65 points to 831.02, NYSE list showed a small decline, and the NYSE composite slipped 0.14. Avan Products rose after a delayed opening as trading moved slowly.
MENTIONED IN THIS ARTICLE
New York
Los
Ers
New York Stock Exchange
Federal Reserve
Fed
Avan
NYSE
American Steel Exchange
Gold And Silver Prices Mixed In Early Trading
Market notes show gold and silver with modest gains and losses in early action. Prices reference New York and automotive metals with minor shifts and no clear trend.
Cedar Rapids hog market climbs as fat hogs rise Friday
Friday livestock markets show higher hog bids in Cedar Rapids and Des Moines with butchers 200-230 lb at 48.00 to 48.50 and 230-270 lb at 46.75 to 49.00. Sows around 300 lb fetch 37.00 to 37.50, while 270-330 lb sows sell 38.50 to 39.50 and 400-450 lb cows 35.00 to 37.00 amid steady to firm demand across regions.
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York
Nore
H & Penn
New York
Hs Ranson
Aichi
Arcane
Arizona
AlcanAty
Molees
EMMIS
Amstoud
Robwesiae SR Aumt
Ieee
Learsiog
HART
Ak Kineton
GE Ag Gm Oarenee Hille Wieego
Gncarog
Uniroyal
Brands
Beckie
Grieltay
Poe
Ale Wachova
Witter
Carer
Winnetama
Eelange
Yslae
Jay Tay Tata Cor Lees
Chicago
UPI
Usda Hulk
Wee
Friday Buller
Chicoup
Vocus
Nedthains
Smcorp
Sirossy
Nia West
Nowtitwns & Ld
Ustay
Eoican
Boveotaean
Fae
Pune
Pitev
Broneuin
Enied
RSEEB
Paar
Puebig
PONS
Rss
Ethie Evans
Genesco
Heuin
Ry Hewitt
T. Ketto
Joliet
Kovnstack Ta Jug
Crilley Ladd
Stevirs SD
Hei Pyr
Lew Pric Actem
Chowe Suea OU
Cedar Rapids
Des Moines
UPD Livestork
Wruster
Crniral Ig
Grain futures fall sharply on Chicago Board of Trade losses
Strong selling pushed corn and beans lower on Friday trading. August 1976 soy futures closed down the daily limit at 20 cents. Oats, wheat, and corn dropped with losses around 6 to 14 cents and 4 to 6 cents respectively. Soybean meal and oil also slipped, while cash grain details appeared for futures and prices in Chicago.
MENTIONED IN THIS ARTICLE
Ameagy
Chicago Board of Trade
Chicago
Colby warns against dismantling U S intelligence efforts
CIA Director William Colby told the House intelligence committee that U S intelligence should not be dismantled in 1975 as defense fears echo postwar 1920s attitudes. He criticized Otis Pike for frightening people about intelligence failing to predict an attack and urged calm about near term threats.
MENTIONED IN THIS ARTICLE
Washington
CIA
William Colby
U.S
Colby
Rouse Intelligence Committee
Otis Pike
D-N.y
America
Two Sentenced on Drunk Driving Counts
Vel oma Fern Andrews, 67, Raw Jey, received a suspended one year jail term after pleading guilty to second offense drunk driving. She was placed on parole for two years and loses her license for eight months. David D. Beatty, 22, Independence, got a suspended 180 day sentence for first offense drunk driving with indefinite license suspension.
MENTIONED IN THIS ARTICLE
Independence
Veloma Fern Andrews
Raw
Jey
Buchanan County Disrict Court
Marchi
David D. Beaty Ty
Beatty
C R United Personnel Get Time Pay Cuts
Cedar Rapids United Airlines staff except four supervisors face three quarter time and ten hour days starting Saturday due to a mechanics strike halting all flights. About 24 employees are affected as city manager Co. C. McIntyre reports the quarter hour reductions to 8 p.m.
MENTIONED IN THIS ARTICLE
United Airlines
Cedar Rapids
United Mechanics
Magistrate Hears 12 Linn County Cases
Linn county district court closed 12 cases with a mix of guilty pleas and dismissals. Carl Schade was found guilty of assault and battery and fined plus costs. Thomas Creen paid a fine for receiving stolen property. Stephen Comisky pled guilty to a companion charge after an eluding accusation. Larry Starr received 20 days in jail with credit for time served. Michael Kriz and Rodney Bounds faced drug and theft related charges with deferred sentences or dismissals. Timothy Haege pled guilty to criminal trespass with fines. Gary Lakose pled guilty to injury or tampering with a vehicle. Robert Erlacher’s assault and battery charge was dismissed. Daniel Thompson received a suspended jail sentence for suspended license. Michael Serbousek had charges dismissed after pleading guilty to related offenses.
MENTIONED IN THIS ARTICLE
Linn County District Court
Hbaltery
Carl Schade
Schade
Thomas Creen
Eaver Mue N
Creen
Stephen Comisky
Thirty-second Street
Ninth Street SE
Kriz
Bounds
Timothy Haege
First Avenue NE
Gary Lakose
Vernon
Robert Erlacher
McKinley Street
Daniel Thompson
Mariun
Michael Serbousek
Orran Drive
Notice of Impasse Planned By Grant Wood Mediator
A negotiator for the Grant Wood Education-Asst. plans to file a notice of impasse with the PER board over salary talks with the Grant Wood area education agency. The move follows no prior negotiation session due to a cancelled meeting caused by an airline strike. A mediator decision will follow a Wednesday meeting after the agency board meets Thursday.
MENTIONED IN THIS ARTICLE
Grant Wood Mediator
Grant Wood Education — Asst
GWEA
Grant Wood Area Education Agency
Jim Davis
Public Employment Relations
PER
Davis
Blouin Urges Ford To Sign Energy Bill
Rep. Michael Blouin urged President Ford to sign an energy policy bill enabling a national data bank for long range, accurate policies. The ERDA authorization section would centralize energy resources data and ensure ERDA access to federal data with subpoena power.
MENTIONED IN THIS ARTICLE
Washington
UPI
Michael Blouin
Lowal
Ford
House
Energy Research and Development Administration
Blouin
Blowin
ERDA
Federal Energy Administration
Board rejects Bartel request for grand jury probe
Iowa City Johnson county supervisor Richard Bartel asked for a grand jury investigation into alleged misconduct by Lyle Fisher, former county health director. The motion, supported by Rob ert Burns and Loretta Cilels, followed questions about a $200 credit card charge and a $700 debt Fisher acknowledged. Fisher said the $700 was his and a check was mailed to the auditor. Bartel's request cited gasoline charges on a second card during Fisher's job search.
MENTIONED IN THIS ARTICLE
Iowa City
Johnson County
Richard Bartel
Lyle Fisher
Bartel
Robert Burns
Loretta Cilels
Fisher
Montana
Culver Opposes Subsidies to Military Commissaries
Sen John Culver presses a five year phase out of federal subsidies for military base commissaries. He argues subsidies keep prices 21 percent lower and consume funds that could aid readiness and domestic programs. He cites rising costs and urges a review of fringe benefits.
MENTIONED IN THIS ARTICLE
Washington
Towi
John Culver
Culver
Pentagon
Whyielt
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The
Cedar Rapids Gazette
Fri
Dri Financial and Market News
Market
Johan Biggy
Sperry
Suuilty
Anes Oh Sieur
SystranDon
Joliet Livestock
Oman
Omana
Tahoe
St. Torees
Mandy
Cuttig
Eaves
Fay &F
Kenan
Rowvail Iy
RoyiDaze
Drewsen Meats
Ng. Fund
Horniselifger
Hawkeye Boncorp
Hegilh Monapente
Interstate Power Ace Mate Tower
United Fire
Univar
Victor Corp
Winnenaup
Hays Pold
Siver
Cine Pryentians
VBA
Lumgon Brothers
OWEN
Asi
Mare
CR. Markets
Shuice Lowrling Wil
North Central States
Witos
Denice
Aehvetics
Gwc
Nets Service
Falility
Waterloo Hogs
Waterloo
Buthory
Derry Hulchers
Wenstor City Livestock
Sique City Livestock
Hiatt
Tiday's
Han Lamson Brothers
Murat
Thea aJaby
Lonvean Chinay
Thicagd
Mercontie Exchange
Close Prey
Sana
Aptis
U.S. Intelligence
Cedar River
Bediam
Catl Tower
Heakcent
Mayr
C.R. United Personnel
Energy
Atacy Log
First Avenue NW
Schreckenpitst
Bugsy's
Secon Avenue
Thare Dallas Anv Investeus
eWe
American Federal
Hirst Street
Cedar Rapid
American Federal Savings
Bua
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