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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 01, 1971
Page
11
New York AP reports the market continues upward with gains after an upbeat economic study and anticipated policy easing. Industrial groups lead, airlines rise, and the Dow Jones average climbs as investors respond to favorable signals and ongoing bull-market sentiment.
Chicago market notes show steers 1 to 2 dollars higher and slaughter heifers up 1.25 to 1.50. USDA figures list slaughter steer prices by weight and grade with high choice and prime levels, while hogs in Des Moines and Omaha reflect slower demand and mixed gains. Regional price spreads and exchange notes accompany the market snapshot.
Cedar Rapids hog market prices edged higher Monday with Saturday bids for country and plant delivered butchers at 17.50 to 17.75 dollars per 100 pounds dependent on grade. Sows 15.50 to 14.00, lighter weights and higher penalties for extra weight. Cattle and grain data shown with mixed notes on cuts and futures.
The Pentagon says the Nixon budget for 1972 sustains military spending at about 75 million, avoiding base closures unless Congress cuts. Officials note previously announced closures proceed while new layoffs depend on Congressional action, with Laird having warned of possible cuts last month. An IRS tax featured in a local TV tease follows.
New York and Chicago markets show varied wholesale prices as buyers weigh demand. Reports from Wisconsin and surrounding areas note modest activity in standard and fancy grades with several price markers ranging near thirty to thirty-five cents.
Evelyn Nolan, a fifth grader, responds to a governor's proposal for a 12 month school year with a sharp letter noting preferences for three months of summer, two weeks of Christmas, and holiday breaks. An aide says the governor intends year round use of buildings while students still receive a three month vacation.
Twenty six passengers and four crew members of an Indian airliner hijacked to Pakistan arrived back in India by road. Escorted by Pakistani police the group traveled from Lahore to the border under tight security while the hijackers demanded the release of 36 National Liberation Front leaders and assurances for their relatives. The two hijackers Mohammad Hashem Qureshi age 20 and Mohammad Ashraf Qureshi age 21 remained in the Lahore aircraft and claimed they acted to demonstrate India cannot threaten Kashmiri freedom.
Iowa City reports two simultaneous kidney transplants at University hospitals Sunday marking the 16th and 17th operations by the center. Recipient Cheryle Meader, 22, and an unnamed Bolivian student benefited, with kidneys provided by a donor who died Saturday. Both patients were reported well by Monday.
In Tokyo a 16 year old boy carrying a toy pistol was detected by an airline hijacking prevention system as he fled home. He entered a steel gate area at the airport, triggering red lights. Police searched him and found a toy pistol. he was taken into custody and later identified as a high school freshman who had run away days earlier. He said he planned to travel to Korhi on Shikoku.
Washington AP reports the U S state department accuses the Soviet Union of sanctioning street attacks on two American journalists in Moscow. Press officer Robert McCloskey says such actions cannot occur without Soviet authorities approval and condemns the behavior as intended to intimidate correspondents from news gathering.
An early 20th century style pattern notice advertises pleated pantdress patterns in sizes 10 to 16 with numbers 4779 and 4779 SIZES B18. It lists price seventy five cents per pattern plus 25 cents for air mail handling. Addressed to Semta Anne Adams care of Cedar Rapids Gazette pattern dept. West 17th Street New York New York.
Cub Scouts Pack members were awarded Thursday at Madison School. Presenters included Tim Bach Jeff Findley Chris Carpenter Richard Schultz Douglas Steinke Ben VanBuskirk Eric VanBuskirk Darrell Truitt Slave Craig Brett Ibsen Philip iPalmer Steve Taken Mitchell Hughes Gerald Hall Dan Mears Jamie Jonas Mark Larkin Doug Harrison Charles Patterson George Patterson Jim Palmer Doug Goettsch Tom Birky Eddie Albertus and Lance Newrttt.
Consolidated Foods Corp reports record six month sales of 792.704 million and after tax income of 28.425 million. Earnings per share decline to 1.07 from 1.09 due to more shares outstanding. Board declares 20 cent quarterly dividend payable April 1 to March 15 record holders.
Cedar Rapids police investigate possible link to an armed robbery after four Fort Dodge men Dantzler Dabteler Duck and Wheet are detained in Waterloo on concealed weapon charges. They were stopped after a car match description given by Cedar Rapids officials. No charges yet tied to the Cedar Rapids robbery.
Advertisement for Jifty Knit Pattern 789 inviting spring knitting with Jaunting worsted. Features new sizes 2 to 14 and prices fifty cents per pattern, plus twenty five cents for mail and special handling. Send name address and pattern number to Laura Wheeler in New York.
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