Market News in Pakistan Law To Fig Wage Proposal
Financial and market news cover Pakistan law on wage proposals affecting stocks. The report notes a drifting Dow and mixed industrials as traders weigh the impact of policy steps and economic signals.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 14, 1974
Page
4
Financial and market news cover Pakistan law on wage proposals affecting stocks. The report notes a drifting Dow and mixed industrials as traders weigh the impact of policy steps and economic signals.
The Cedar Bunds market report shows buyers and sellers dealing with mixed weights and grades. Prices for cattle range from 38.50 to 49.00 for 2000 230 lb butchers, down 22.50 to 999.00 for 300 lb sows, and various deductions for weights above 270 lb. Packers also quote adjustments by weight and grade, while grain and dairy notes from Chicago and New York offer wholesale price context. Des Moines coverage notes a state board approval for a wage raise package affecting university workers, with planned increases and funding implications.
DES MOINES AP reports mixed bids across livestock futures with cattle and hogs showing varied demand. Market notes include steers at 34,005 value, assorted feeder prices, and regional packing plants reporting slower demand, with sows and hogs trading lower and buyers cautious amid holiday week effects. Local markets in Waterloo and Postville show softer bids, with utility cows and feeders persisting in wider price ranges.
An Israeli patrol clashed Saturday with Arab guerrillas infiltrating from Lebanon. Four Jews and one police sergeant were killed, another officer wounded, as the confrontation occurred on the western edge of the panhandle where the border with Lebanon and Syria extends. Egyptian demands influenced the day's events.
Reported remarks by Egyptian officials suggesting a one year freeze on Israel immigration and population drew swift denials from Cairo and confusion over policy. US and international sources warned the move could affect markets and fuel tensions in the Middle East.
Washington AP dispatch reports first lady Paty Ford canceled plans to accompany her husband to Martinique for a meeting with French President Giscard due to a flare up of osteoarthritis. White House physician and press secretary Sheila Weidenfeld described the condition as a long standing issue that periodically causes neck and back discomfort and said the cancer surgery in September was unrelated.
In New Hampton striking workers at the Sara Lee bakery voted overwhelmingly to return to work. Union steward Frank Koeningsfeld said the vote Friday was about 100 percent in favor of returning to work Monday. Sara Lee operations director Vernon McKinsey stated the grievance list that prompted the wildcat strike will be handled through normal grievance channels.
Maquoketa Iowa 92 year old Ben Jacobsen the seven term mayor announces plans to run again next year at age 93 He first held office in 1920 and has served intermittently since Then residents cite water and light rates as concerns and Jacobsen campaigns amid calls to curb park maintenance and fees The Federal Reserve reports an 2 percent November factory output drop the largest in four years reflecting industrial weakness
Obscure ad fragment lists DLS DLS, meats, and cinema items with scattered prices and locations. Mentions USA trade terms, unidentified names, and a 2046 date amid garble, suggesting a collage of retail and entertainment promos.
A fire swept through a Pipeliners mess hall at a site along the Yukon river area. Spokesman said no injuries were reported and emergency crews contained the blaze quickly. Damaged area described as modest with firefighters on scene and no significant structural concern.
Washington AP reports the House approved a controversial strip mining bill on a voice vote despite a pending presidential veto. The measure aims to curb coal and wind power impacts, with critics warning of higher coal and electricity prices. Rep Latle from Ohio voiced concerns as Congress adjourns for recess around December 20.
In BISMARCK the board certifies Young as victor after a tight race. The recount threat from William Tay’s campaign was dismissed with no plans for further challenge, amid official results and certification procedures.
Federal proceedings bound Cedar Rapids men Horoll Rapp and Michael Juenger over on counterfeiting charges after authorities seized nearly 620000 in fake currency from Rapp’s apartment and over 2 million in related seizures in Kansas City and Minneapolis. A preliminary appearance set for December 8 to enter pleas.
Reports list numerous thefts including an engine stand from Iris residence and a $290 jewelry loss at 1921 Third Street SW. Additional items seized or missing include a color TV and stereo from a 1648-4 Avenue NE apartment, rings, watches, cash, and a tool chest. Police proceedings document counterfeit bills, a May hearing, and bonds set for Juenger and Parmelee.
Report from Spokane indicates Expo 74 attendance exceeded five million, yet financials show red ink. Projectors valued at 16 and 30 dollars plus a car theft noted. officials say revenue short of expectations while visitors, including season ticket holders, crowded West Poles parking and Expo grounds.
Reports claim Elliott Richardson will be named ambassador to Britain. The White House declined comment while British officials welcomed a high profile figure as a sign of stronger ties. Richardson, a Republican former attorney general who resigned in 1979, previously served as under secretary of state. London post has been vacant since October.
The transportation department reduced its car pool goal and launched the "Double Up, America" drive. Undersecretary Barnum admitted the early campaign has not met targets as officials urge motorists to share rides with at least one friend to ease congestion and fuel use.
District Judge Robert Varney declined an order demanding Governor George Wallace appoint more Black state employees. Varney said a governor is accountable at the ballot box for his failures and must be free to choose policy making officers to carry out his programs.
Chrysler extends Newark Delaware plant shutdown to February, idling 3,800 workers and delaying reopening. Ford announces 1850 new furloughs and 13,8650 hourly layoffs with further shutdowns at engine plants in Ohio and Kansas City. Overall industry layoffs count rises toward 106,000 as production scales back amid slumping sales and planned shift eliminations at Warren Dodge truck plant.
Rev. George Ogle, 45, a Methodist missionary from Pitcairn, Pennsylvania, was deported by the South Korean authorities to Los Angeles after the justice ministry ordered removal for illegal political agitation and demonstrations linked to his speeches. He said his protest was driven by Christian conscience to restore human rights.
A North English man, Seandridge, employed by Iowa county engineering, died in a dragline accident at a construction project. The operator, Frank Funduyt of Marengo, was hospitalized for injuries. Services for Seandridge are set for Monday at 1:30 PM at the United Methodist Church in North English.
Des Moines AP reports a 1973 poetry contest by the Poetry Assn open to Lowe residents. Seven categories include awards for future pathy and current events. Cash prizes range from $1 to $100. College entries go to Mildred Bensmiller at Iowa Wesleyan College. High school and grade school entries have separate addresses. additional info from Gloria A. Martin and others.
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