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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 23, 1971
Page
11
NEW YORK AP Trading muted as declines led the Dow Jones industrial average to open lower on profit-taking before year-end tax considerations. Airlines, tobacco, electronics shares weighed, with American Telephone planning a billion-dollar securities move. mixed reads on other big names.
Fragmented OCR notes show pork prices, butter rates, and produce listings from Chicago and New York markets. Entries mention frozen pork items, butter prices, eggs, and assorted produce with brand names, weights, and delivery notes, reflecting a busy trading day. Numbers indicate prices, weights, and totals, with references to Minnesota, New York, and Chicago markets and standard grades.
Rep McCloskey became the first presidential candidate to file in New Hampshire for the March 7 primary. Filing runs through Jan 6 with 500 signatures and a 300 dollar fee required. rules tightened to bar frivolous candidates as parties prepare for delegate selection and national conventions.
Grain prices closed higher led by strong buying in wheat and corn on the Chicago Board of Trade. Wheat rose about 8 percent, corn up around 4 to 8 percent, soybeans also advanced, while oats were little changed amid brisk volume and short covering.
Prices paid Thursday for hogs ranged by weight and grade with 200 to 280 lb cattle delivering $22.00 to $22.25. Sows 300 lb and under sold $17.00 to $1.50 per hundredweight. Butchers over 230 lb showed lower pricing per additional 10 lb units, with 260 to 300 lb ranges discounted and weight grade adjustments noted.
Chicago states attorney Edward Hanrahan, facing a three way Democratic primary, vows to seek re election despite the Black Panthers case. He backs party leaders, attacks the probe as propaganda, and the slate shift leaves Donald Moore and Raymond Berg as rivals with 530000 signatures collected.
Dublin AP reports escalating Irish violence crossing into the Republic. Troops enter Ballyshannon after mobs threaten police, release three IRA leaders, and clashes erupt with hours of urban turmoil. Northern Ireland sees bomb damage and British troops in Ardoyne and Londonderry as Ireland’s crisis widens. Prime Minister Lynch vows crackdown while TRA/IRA factions clash with security forces.
AP reports Prime Minister Heath traveled secretly to Londonderry to visit British troops amid a 26 month insurgency. Government officials offered few details, stating no political talks were planned and Heath would return after Christmas calls.
President Bhutto presses military reorganization after victory over India. Navy chief and multiple senior officers are retired or reassigned. Bhutto also imposes restrictions on industrialists to curb foreign capital, freezes passports for many. In India, East Bengal refugees in West Bengal begin voluntary return home within two months with aid planned.
Washington AP The Price Commission announced approval of 12 requests for price increases, raising the total to 213. The increases include 37 percent for Latens Steel Co for steel plating heads, 3.2 percent for Sybron Corp division, 25.7 percent for General Telephone and Electronics, 2.88 percent for U S Gypsum, 24.79 percent for American Smelting and Refining Co Midland Cantl Division, 5.19 percent for U S Smelting He refining Co and U S Fuel Group, 25 percent for General Motors diesel and Allison products, and 2 percent for Fri- delicain products.
Federal Blue Cross Blue Shield plan lifts premiums by 22 percent while fees exceed requests by 12.1 percent. Chairman C Grayson stated the increase is justified and tied to a $60 million loss in the 1970s plan caused by higher use of diagnostic services. He warned that without greater discipline from users providers and insurers, the service to federal employees will become unaffordable.
A Western style roundup in Johnson County Iowa City followed a wrecked truck that released 20 hogs. EB J Layden the truck driver was taken to University hospitals with cuts and bruises and released. The chaos closed the track and involved police and local workers.
Public Safety Commissioner for Oberthien says a Christmas decoration, a large candy cane, and nearby pole caused the Third avenue and First street SE signal to misbehave. Sunlight reflecting off the shiny candy surface activated the receiver in the city’s automatic emergency vehicle preemption system. The decoration has been removed, solving the daytime fault after days of unexplained delays.
Eli Abodeely owner of the Sip n Stir Lounge says he is disappointed that the city council enacted a ban on showing certain films in taverns. He intends to comply and has no plans to contest it, though he opposes obscene films. The Hawkeye Area chapter of the Java Civil Liberties Union may move against the ban in the near future. Abodeely notes the measure bans all films and notes his lounge has long shown sports reels and old-time varieties.
Marvin L. Wilkins 4, of Cedar Rapids was accused of robbing a Cedar Rapids cab driver near Burnpoint northeast Cedar Rapids. Claude L. Stratton reported he was robbed after picking up a man at a tavern near Colier Point. Police found $26 on Wilkins after arrest in Cedar Rapids based on sheriff's office information. He remained in jail Thursday pending arraignment.
Liberty Kentucky police report a deadly incident at Ivy Ridge where Thyra children perished after a sweep of names. Four adults were hospitalized with injuries. State authorities continue to investigate the cause and circumstances of the incident.
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