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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 08, 1975
Page
13
New York AP reports the stock market opened weak on news of the nation’s highest unemployment since World War II and ended lower. The Dow Jones average fell 2.26 to 711.91 with about 20.06 million shares traded, the lightest since January 23.
At Cedar Rapids and Des Moines markets, Friday and Saturday hog prices ranged with especially strong bids for 200-230 lb butchers at 38.25 to 39.00 while sows 330 plus hovered 32.75 to 34.50. feeder and weight-based discounts applied for heavier animals. corn and soy prices printed, with broad regional activity and weaker trade in some weight bands.
In Des Moines beef trade slows with limited sales and steadier steer prices 500-800 lb at 57.00-57.50 and 800-900 lb at 56.50-57.00. pork cut trade weak though loins rise 100-400, picnics steady, skinned hams up. Chicago butter unchanged while egg and potato markets mix. Omaha and Joliet report softer cattle and hog prices with limited trade and mixed quotes.
United Nations officials seek easing of UNESCO measures that barred Israel from some European intergovernmental activities and halted cultural aid for excavations in occupied Arab Jerusalem. U.S. Congress has withheld 19 million dollars in 1975 dues, prompting Western figures to press for reversal while UNESCO considers delaying the 24 thousand dollar penalty if new evidence appears.
The official said M Bow must carry out general conference decisions while preserving the agency’s ability to act in education science culture and communication. He warned that without American money July cash could be seriously short. He noted substitutes from Africa and Asia and the potential loss of Western cultural figures including Nobel prize winners as a concern.
In Des Moines eight deaths from influenza and pneumonia were recorded for the week ending Feb 1, as the nationwide centre for disease control noted. Des Moines joined 121 major cities above epidemic levels for the fourth week, with Dr. Charles Herron of the Iowa health department suggesting the Port Chalmers variant may have run its course.
Ephraim Zuhundu Zulu, a member of the Zulu royal family, has died in his village near Pietermaritzburg at an estimated age of 130, according to his son Ruben Zulu. His father was said to be married with children when Zulu Chief Dinuzulu surrendered to the British in 1888.
Washington Ford weighs Rockefeller backed overhaul to place Domestic Council under two top aides. Plan on Ford's desk as advisers clash on power level and chair role. Rockefeller hints he would act on orders, awaiting presidential decision.
The Pentagon ordered the air force to resume installing the final 50 MIRV capable Minuteman intercontinental missiles at Malmstrom air force base Montana. The move follows a suspension tied to the U S Soviet arms control talks and Vladivostok verification concerns and hints at progress in Geneva negotiations.
Greenfield Mass AP: Town Treasurer John Kiley age 92 says he is too young to retire. He plans to seek another three year term in November despite reduced physical mobility. He notes his thinking power remains sound and he often works full days and sometimes into the night.
Town notes report a Mercy hospital patient at 1810 Hamilton Street SW with visitors allowed. Numerous ads note closeout prices on household goods, florists list bouquets, rental ads, and local services. Reports of stolen items include a tape deck $60 and cash $60 plus food stamps and a coat. Community events include Garden Center specials and a YMCA family swim event.
Cairo reported Arab states will provide Lebanon with 62 million dollars in Soviet arms to strengthen its forces against Israel and 28 million for rebuilding southern villages. The package, approved at an Arab League defense council meeting, involves Syria and Iraq supplying weapons, with five oil states plus Egypt and Morocco funding reconstruction. Lebanon says no foreign troops were requested.
Attorney General Edward H. Levi, sworn in as the 71st AG, vows to prove law is not a political weapon. President Ford and other officials attend the ceremony as Levi, former University of Chicago president, pledges to uphold justice and reject partisan manipulation. 30 years ago the armed forces reported American combat casualties since the war began totaled 764,584.
A bomb detonated in a stairwell of the KRON-TV building in San Francisco causing no injuries. Police trace the blast to the New World Liberation Front, part of a string of Bay Area bombings over two years.
Police responding to a prowler call arrested 19 year old Francis Meyer Jr of 2740 Worthington Drive SW after a citizen reported car prowling near Roger T Williams residence 3015 Stratford Lane SW at 5 25 am Saturday. A stolen car radio valued at 100 was recovered from Meyer's pickup along with a loaded uncased 12 gauge shotgun. Meyer was charged with grand larceny and carrying a concealed weapon and held for questioning.
A San Francisco case reports Nicholas Nikkah, a Hillsborough service station owner, convicted under 1973 petroleum pricing rules. He received two months in jail and a $6,000 fine after pleading guilty to filing false documents and overcharging. The judge imposed one year with two months suspended and fines totaling $2,000 across counts. Prosecutors say he charged up to 6.9 cents extra per gallon, totaling about $61,000 from October 1973 to May 1974.
Washington AP reports President Ford's economists acknowledge a larger than expected recession and warn future predictions carry an unusually wide margin of error. Chairman Alan Greenspan, of the Council of Economic Advisers, said their sophisticated methods did not foresee the current decline as recently as a few months ago.
Macon businessman Kenneth Birdsong, 48, buys 1,696 pairs of shoes for the needy in four nearby counties. He recalls childhood winters with bare feet and says a merchant friend helped by supplying the stock. The shoes, though not the latest style, will be warm and serviceable. price not announced.
Premier Amir Abbas Hoveida stated on Saturday that Iran suffers a serious manpower shortage with demand for engineers architects chemists teachers technicians and skilled laborers nationwide.
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