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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 04, 1975
Page
10
New York markets opened with a moderate decline as investors took profits after a sharp rally. The Dow fell about 5.6 points to 705.8 with losers outpacing gainers on heavy turnover, and General Motors cut its quarterly dividend to 60 cents.
The Uppsala Seismological Institution reported a major earthquake Tuesday near the China Russia border in eastern Asia, prompting emergency checks and heightened alerts across regional seismology networks. Details on magnitude and damage were not immediately available.
Wheat futures rose on a tote rally with short covering, gaining about 6 cents per bushel on the Chicago Board of Trade. Other farm commodities mostly fell as soybeans, corn, and oats showed varied moves. Des Moines prices and USDA reports noted mixed receipts, demand, and offers across packing plants and markets.
Markets across Cedar Rapids show steady tone as packers post mixed weights and grades for cattle and hogs. Prices range from 34.00 to 50.00 per cwt for lighter and heavier cattle with discounts for higher weights. sheep and fatstock trends mixed, with notable quotes from nearby cities and markets.
New York AP reports Eli Black, 53, chairman of United Brands, fell to his death Monday from the 44th floor of the Par Am building. He also served as a director of PEC Israel Economic Co.
Local notices and ads cover story hour for preschoolers at Edgewood branch, gift and sale promotions, and various community updates. A guitar theft at Legion Lanes prompts police reporting. several small item burglaries and rentals noted. A Kiwanis speaker, a Chamber meeting, and multiple club events listed alongside dining specials and service ads. Enlistee William Gossett joins the Air Force delayed entry program.
Iowa Electric Light and Power Company directors declared quarterly dividends on all stock classes. Dividends range from 0.60 to 4.25 per share for preferred stocks and 2.44 per share for common stock, payable April 1 to holders of record March 15. Duarte Arnold announced two new vice presidents James A Wallace and Lee Liu.
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