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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 15, 1975
Page
5
New York AP reports investors bought shares on hopeful inflation and rate news. The Dow Jones average rose 7.28 to 734.20 as trading stayed active but didn’t match Thursday’s pace. Grain market notes follow with mixed prices and uncertain demand.
Cedar Rapids market reports show Friday delivered butcher hog price ranges at 39.00 to 39.50 for 200 to 230 lb stock. Heavier hogs and offal pricing noted with weight-based discounts for over 230 lb categories. Mixed regional quotes from Des Moines to Chicago indicate demand varying, with hogs at 24 to 40 dollars per hundredweight and broader market activity described as irregular but generally steady.
Iowa and southern Minnesota packing plants report uneven demand ahead of a holiday. Receipts fall from prior weeks while hog prices hold near steady to higher in some ranges. sows largely steady with country points showing varied bids. Postville and Waterloo markets note mixed outcomes with beef and cut rates under pressure, pork demand narrowing and prices fluctuating across size classes.
Andrew Michael Hamilton, 20, of 872 Ellis Boulevard NW, suffered a minor head injury Saturday in July after his car crossed the center line and struck a light pole while he fell asleep. He was treated at Mercy Hospital and released. Police said the northbound car collided with a pole in front of 1826 Ellis Boulevard. no charges filed and investigation continues.
Washington based USDA data show retail food prices likely to rise through mid 1975 but at a slower pace than earlier projections. First half 1975 gains seen around 2 to 3 percent per quarter, with annual inflation around 12 percent if demand softens and commodity markets stay volatile. Cattle slaughter rates and weather will heavily influence outcomes into late 1975.
Tokyo AP reports Mao Te-tung issued a new instruction with People's Daily warnings of enemies within the ranks. The dispatch calls campaigns against bad elements and bourgeois waverers across political, cultural, economic, and ideological spheres, signaling potential renewed upheaval and a clean up of the socialist order.
The Consumer Product Safety Commission asked Americans to submit written views on banning pistol bullets. The move follows a court order requiring the agency to consider the petition from the Chicago group Committee for Handgun Control. A hearing and rule proposal may follow based on public input and other factors.
Turkish officials say a pre-dawn fire swept through a crowded two story women boarding house in Ankara killing eleven people including high school students and injuring sixteen. One hundred sixty six residents escaped by jumping from windows amid the blaze.
Washington AP Hazardous cargo has been removed from more than 60 passenger aircraft since the Air Line Pilots Association began an embargo two weeks ago. ALPA accuses the Transportation Department of pressuring the ICAO to violate the embargo and says delays were brief as pilots removed hazardous cargo before takeoff.
Amtrak announced in 1974 it carried more passengers and earned more revenue than any year since its founding. Uplift came amid fuel shortages and an energy crisis, with improved on-time performance and a new nationwide ticketing system boosting service capacity.
The Iowa senate judiciary committee approved a feticide amendment to the criminal code, defining termination after the second trimester and requiring care to preserve life of a fetus showing signs of life. Opponents argued for homicide charges if a fetus is born alive. debate continues Monday. Also, measures include lowering legislative age to 18 and returning plant safety duties to the state, while other reforms face House action.
Senate approves a measure to terminate the Iowa Occupational Safety and Health Act in line with federal repeptions. Iowa businesses currently face inspections by both federal authorities and state agencies, prompting regulatory changes and potential impact on safety oversight.
Lincoln Christian College will shut WLCC-FM on February 28 rather than hire beyond its Church of Christ membership. The decision follows FCC rules against employment discrimination and stems from pressure over religious requirements. WLCC-FM, six years on air, employs five staff and has an $80,000 budget, offering educational and religious programming.
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