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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 03, 1976
Page
3
New York trading showed a mixed pattern as February activity followed January’s rally. The Dow dropped 5.36 to 965.99 by 2 p.m. while the NYSE composite eased slightly and the American Stock Exchange index rose marginally amid strong earnings and rate drop worries.
Tuesday's market page lists quotes from Am. Ins. Fund Interstate Power Iowa Electric and Maytag among many others with notable gains and losses. Investors track Dow components and major names like RCA Raytheon and Texaco as prices swing on speculative activity and quarterly results.
Alabama Governor George Wallace sustained a strained ligament and a cast on his leg after a campaign plane mishap in Panama City Florida. He was brought to Montgomery for examination then rested at the governor's mansion before resuming his bid for the Democratic presidential nomination. An Alabama state trooper dropped Wallace while assisting him down the aircraft aisle.
Cedar Rapids hog market held steady with bids for 200-230 lb butchers at 47.50 to 48.00 and heavier busts discounted by weight. Sows 300 lb down at 38.50 to 39.00, with price rules for extra weight. Lambs 90-105 lb near 46.00 to 48.00. Waterloo hogs and sows rose, grain prices listed, and Des Moines eggs and live poultry markets showed steady to firm trends. Regional reports cover Omaha, Des Moines, Sioux City, and New York wholesale egg quotes with mixed demand and varying weights.
Wheat and soybeans advance on the Board of Trade while corn dips slightly. oats mixed as overnight moves and profit taking impact futures. In Webster City cattle and hog markets demand remains solid with modest gains. Joliet livestock selling slows with higher hogs and steady cattle prices as receipts wrap at midweek.
The Iowa Electric Light and Power Co. of Cedar Rapids announces a regular quarterly dividend of 32.5 cents per share on common stock, payable April 1 to holders of record March 15. Preferred shares receive various cumulative dividends ranging from 53.75 cents to $2.23 per share depending on rate.
Probate notices list multiple Iowa estates Esther Katherine Juhi Alvin Miller Clarence W. Knapp David James Pettit and others with appointments of administrators or executors and required creditor claims. dates range January 1976 to January 1978 and venues Linn and Marion counties for probate proceedings in district courts.
General execution notice directs against Rally Hison for 438.00 plus costs. sale of a mobile home in Linn County Iowa on February 5, 1976 at 10:00 a.m. in Cedar Rapids to satisfy judgment. Also appears notices of appointment and probate, detailing estates of Louis R Burgos, Louise A Lowe, Lillian M Scott, Aimee R Cross, Marie V Pulkrab, Louis A Prastka and Louis A Pra stka with executors named, deadlines for filing claims, and dates for second publication in Cedar Rapids.
Banks of Iowa, Inc., led by chairman F Forbes Osberg, reports a record 1975 for the Iowa based holding company. Total resources exceed 606 million on December 31, deposits reach 510 million, loans total 300 million. Net income climbs to 5.198 million with earnings per share of 3.14, while capital accounts rise to 53.24 million. Details to be released in March annual report.
The Conference Board will hold a public hearing at the County Court House, Room 1, to consider the proposed 1976-77 budget. Any resident or taxpayer may present objections or arguments. A supplemental detail schedule 673A will be available upon request. Dale S. Piersall, Clerk.
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