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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 12, 1978
Page
21
A widowed reader asks whether to draw on savings or cut dividend reinvestment. Advice: reduce reinvestment enough to gain about $170 monthly, directing dividend checks to income, while keeping insured savings certificates for safety. Consider selling nonpayers and selecting stocks that provide current income.
Deputy Energy Secretary John O Leary warns before the Senate Energy Committee that unleaded gasoline could cause market disruptions by 1982 if price controls stay. He notes current refiners face supply problems but no nationwide shortage. Shell Texaco Conoco and Arco report rationing as debate continues on deregulation.
Chrysler Corp plans two week shutdowns at its St. Louis Newark and Hamtramck plants resulting in 15,700 layoffs. Hamtramck will cut 1,200 production and 70 white collar workers with restart Jan 22. St. Louis Newark and Hamtramck totals and staffing levels are provided.
William Pugsley of Cedar Rapids sues the Iowa Environmental Health Association and five members in Linn District Court for 220000 alleging a Sept. 18 letter damaged his professional reputation as an educator and environmental health worker. Defendants include Gary Young Tony Bisignano Galen Roberson Stan Rooker and Larry Linnenbrink.
The dollar showed a mixed tone on European markets as central banks bought the currency to support it. Gold fell, oil fears linger, and a possible price rise after a key oil cartel meeting in Abu Dhabi weighed on sentiment.
The Cedar Rapids hog market fell 1.00 on butchers and 0.50 on packers with 200 to 230 pound buyers priced at 47.00 to 47.50 depending on grade. Sows under 550 pounds ranged 38.50 to 39.00 and over 550 pounds at 37.00 to 37.50. Weight breaks reduced butchers and packers prices per 10 or 50 pound intervals. The Cedar Rapids sheep market held steady with shorn lambs 60.00 to 62.00 and wool lambs 58.00 to 60.00, with lambs over 105 pounds discounted.
Public notice summarizes legal filings in Linn County District Court. Includes termination hearing for Kay Lynn McCormick and petitions for divorce between John C. OConnor and Leslie J. OConnor, with details on deadlines, court locations, and attorneys.
City council proceedings note publication costs 194.04 and year to date 4029.15 while approving the Nov 22 1978 minutes. The session covers lease actions, rezoning protests, department referrals, budget items, public hearing notices, and a long list of expenditures and claims.
Lyons, a Linn County native and Marion High School and Cedar Rapids Business College alumnus, has been named vice president and controller by Rockefeller University in New York City. He is a certified public accountant who previously worked at the University of Chicago and the University of Rochester.
Kalamazoo Michigan AP Checker Motors Corp. says it agreed in principle to sell its assets to New York investment firm Oppenheimer Co. Its Yellow Cab Co. would be sold to private investors. Checker's existence continues as an investment firm. Stockholders could sell shares back at about 45 dollars each.
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