Market Rally Extends as Rates Drop and Volume Surges
New York stocks rose Thursday led by gains in glamour growth issues. The Dow climbed 7.67 to 725.52 while the NYSE average jumped 1.14 and the exchange index rose 1.14 to 15.79 amid heavy trading. volume topped 23 million by 2 p.m. as Morgan Guaranty trimmed its prime rate.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Apy
Resis
Wall Street
Dow
Morgan Guaranty Trust Co
Commodity Prices Higher on Board of Trade
Chicago reports commodity futures rose as soybeans gained up to 9 cents per bushel, wheat mixed to higher, and corn and oats mostly up, with notes from Des Moines on USDA receipts and packing plant activity, showing lower hogs and varied cattle prices, reflecting market volatility.
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Chicago
Board of Trade
Des Moines
Federal
Services Saturday For George M. Kirby
George M. Kirby, 79, died Thursday morning at Crestview care United Methodist church. Funeral services are scheduled for Saturday in West Liberty, with burial details to be announced by the family.
MENTIONED IN THIS ARTICLE
George M. Kirby
West Liberty
Crestview Care
Cedar Rapids hog market mixed with weight based discounts
Cedar Rapids hog market Thursday showed lower bids with butchers 200 to 230 lbs around 9.00, sows to 35.00, and lighter weights discounted. Across towns, prices varied with weight grades, plant deliveries, and animal type.
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Cedar Rapids
Labor conflicts in Spain hit record 1974 figures
Madrid AP reports 2,196 labor conflicts in 1974, the highest since 1963, affecting 669,861 workers and causing 1.8 million lost work days. Strikes remain illegal in Spain.
MENTIONED IN THIS ARTICLE
Madrid
Spain
Levi Confirmed as Attorney General by Senate Vote
Ed ward Levi, former antitrust lawyer and president of the University of Chicago, is confirmed as attorney general by the Senate in a largely uneventful vote. He vows tighter control legislation, supports limited capital punishment, and proposes guidelines on wiretapping and FBI surveillance amid ongoing national security concerns.
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Washington
Edward Levi
University of Chicago
Senate
Levi
William Saxbe
India
Justice Department
Congress
FBI
Con ‘Brege
Shay
Consumer Credit Drops Record for Second Month
Washington reports holiday shoppers cut back sharply in December marking the second consecutive monthly drop in consumer credit. The Fed notes widespread declines with total consumer borrowing down about 877 million after seasonal adjustment, leaving year end consumer credit near 190.2 billion.
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Washington
Federal Reserve
Fed
IE Electric reports 44 percent income drop in 1974
Town Zleetrle Light and Power Co posted net income for 1974 sliding 44 percent to 6.5 million with common dividends at 2.9 million after preferred deductions. Earnings per common share fell from 1.87 to 0.07. Electric sales rose 3 percent amid conservation and weather effects. Board cites transition year and higher construction costs from a new nuclear plant, forecasting continued earnings pressure and planned rate increases. quarterly dividend set at 32.5 cents.
MENTIONED IN THIS ARTICLE
Zleetrle
Matneais
One Sentence One Dismissal In Linn Court
Carl Hobbs 25 was sentenced to 30 days in county jail after a gully plea to assault and battery in Cedar Rapids. A robbery count tied to a Dec incident involving 380 dollars was reduced to a guilty plea. another case from the same incident was no billed by the grand jury. In Linn county court a separate motor vehicle theft charge against George A Roode 49 was dismissed for insufficient evidence.
MENTIONED IN THIS ARTICLE
Carl Hobbs
Cedar
Mom
Brand
Linndidele Court
Minneapolis
George A. Roode
Cedar Rapids
Victim Gets Gun but Robber Gets Money
A man who accepted a ride from three persons early Thursday was robbed of $12. He told police he tried to fire an empty gun at the attackers as they fled in a car. Robert N. Franklin, 1928 avenue NE, said he was leaving the Paradise tavern shortly before 1:30 am when offered a ride by a man and two women. They drove to the 2400 block of Indian HI road SE where the car stopped in a driveway. The man in front pulled a gun and demanded money. Franklin grabbed the gun and fought, they fell into a ditch, and the robber disarmed but took Franklin’s wallet. The wallet was returned. Franklin chased and fired at them as they fled. The 25 caliber pistol was found empty. He suffered a minor bump. The robber was described as about 40, black, 5'10", 160 lbs. one woman white, the other Clark.
MENTIONED IN THIS ARTICLE
Robert N. Franklin
Avenue NE
Paradise Tavern
First Avenue $E
Franklin
Indian HI Road SE
Bond Proposal To Committee In Iowa Senate
Des Moines Iowa UPI reports a bill to lower school bond passage to 50 percent was sent back to a different senate committee after approval by the education panel. Senator Griffin backs the change while Democratic Leader Kinley seeks further study and Ways and Means reviews the proposal. Chairman Rodgers opposes the measure and criticized the rapid committee action.
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Des Moines
UPI
Iowa
Senate
James Griffin
Council Bluffs
Senate Education Committee
George Kinley
Norman Rodgers D-Adel
Lynn Confirmed for Budget Post
The Senate confirmed James Lynn as director of the Office of Management and Budget replacing Roy A. who resigned the post. Lynn, serving as secretary of housing and urban development, was approved by a voice vote Wednesday.
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Washington Lap
Senate
James Lynn
Office of Management and Budget
Lynn
Housing and Urban Development
Roy Asi
AMC Skips Semiannual Dividend
Detroit based American Motors plans to skip its semiannual dividend of 10 cents a share. The move, announced at the Southfield shareholders meeting, follows two dividends in 1974 and signals tighter money policy. Roy Chapin warned no near term financial improvement and cited ongoing sales slumps despite some industry rebound. He forecast possible improvement in the auto market in the second half of the year barring a national economic downturn.
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Detroit
American Motors
Southfield
AMC
General Motors
Roy Chapin
Chapin
Four Cases Heard In Magistrate's Court
Four defendants appeared in magistrate court. Gary Lokose of 1225 Sixth Avenue pled guilty to criminal trespass and was fined 100 dollars. Donald Hanson of 1331 Bayonne NE pled guilty to drunken delving and was fined 300 dollars plus costs. Drug Magoon, southeast side address, faced possession of a controlled substance charge and the case was dismissed. Douglas Myers of hire tleth street NE was bound over to the grand jury on a possession of a controlled substance charge.
MENTIONED IN THIS ARTICLE
Gary Lokose
Sixth Avenue
Marion
Thesaac Walton Club
Donald Hanson
Bayonne NE
Magoon
Ele
Douglas Myers
Tleth Street
Wies
Public Subl notice from MarAmerica Charitable Foundation Inc
Legal notice states the foundation and reverue service form is available for inspection by any citizen at 200 American Building, Cedar Raids Iowa, within a specified period from the date of publication. The notice appears to reference Peter F. Geranson and MORAME CHARITABLE FOUNDATION INC.
MENTIONED IN THIS ARTICLE
Sydale
MarAmerica Charitable Foundation
Nic
Cedar Rauids
Iowa
Niger
Peter F. Geranson
Rica
Morame Charitable Foundation. Inc
Sale notice of real estate in Linn County court action
Special execution sale notice issued by Linn County Court after a judgment in favor of Perkins Lending and Loan Absection. Foreclosure aims to satisfy $510,946.58 plus interest and costs of $1,192. Real estate described as property in Linn County will be sold at public auction at the court house in Albany Oregon under the supervision of the clerk of the court. Sale date fixed for 80 o'clock a.m. at the court house on the stated date with the successful bidder receiving the deed under the order of the court.
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el Il
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Sine County
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Wien
Sigmned
Corer Boplits
Tyriff
Linn County
Iain
David R Wenster
Toot Grissom
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