Wall Street ends slump as Dow drops amid weak orders
New York AP reports a broad market selloff led by the Dow Jones Industrial Average slipping sharply after Washington data showing January orders for durable goods fell. Investors cited a natural correction after a strong 1878 advance as profit taking hit techs and various heavyweights on the NYSE.
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Hijacker Lands In Jail Cell Ends Own Life Prophecy
In Pensacola and Tampa reports, 27 year old Paul Thomas Landers convicted on attempted air piracy hanged himself in a jail cell, fulfilling a warned prophecy from the night of his arrest. Landers had previously warned of self harm after seizure of a rifle during the Jan 3 hijack attempt at Pensacola Municipal Airport and asked for help with a drug problem noted to have begun years earlier.
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Cedar Rapids market report shows mixed livestock prices
Market Monday in Cedar Rapids and surrounding areas lists bulk deliveries at 32.50 to 39.00 for hogs and 34.50 to 53.00 for sows, with various weight-based discounts and adjustments for odds and grades. Other markets in Postville Waterloo Omaha Webster City report steers, heifers, cows, and hogs with price ranges and notes on demand and activity.
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JOLIET LIVESTOCK REPORTS PRICES AND MARKET NOTES
Joliet markets show cattle steady to higher with steers up to 50 cents in spots. heifers stable. Hogs around 40.5 to 41.25 per cwt with various grades named. Des Moines reports unchanged prices, adequate offerings, and stable to unsettled tone in feed and dairy sections.
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Train Tall 27 Sun To Blame Train Collision Kills 27
Oslo AP reports a head on collision of two passenger trains near Tretten station north of Oslo killed 27 people including a Norwegian parliament member and an American missionary. About 900 passengers were aboard with 26 injured. Officials cite the low winter sun possibly obscuring signal lights and note both trains followed automatic signal procedures. Engineers escaped death by leaping from cabs seconds before impact.
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Ray: Governors back voluntary gas use cut plan
DES MOINES Gov. Rob Ray urged a voluntary cut in gasoline consumption arguing price increases or rationing would hurt low income families. He noted the national energy outlook and supported a voluntary approach even if later no action is needed, while criticizing higher price methods.
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Dollar slide rattles markets in Europe and Asia
In Brussels the dollar hit a record low and opened weak in Tokyo. An American banker in Paris forecast the 10 week decline would extend three more months. Zurich bankers tied the drop to President Ford's inflationary policy stance.
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Four Survive 27 Hour Cave Ordeal Near Bloomington
Four Illinois men endured a 27 hour cave ordeal in a flooded Indiana cavern aided by candy bars chewing gum and jokes while three others died in a separate cavern after heavy rain caused streams to swell near Bloomington Indiana Officials identified victims as Terry Yokern 19 Kim Aldridge 14 and Marsha Bott 18 all from Indianapolis Rescuers retrieved the survivors Sunday after an extensive search quoting one explorer We were awfully scared but we never lost sight of getting out The group had entered the cave with Masterson and Gene Strain but two men tried to Wade through water and were repelled leaving three survivors in a high ridge huddled together
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Belle Plaine Man Found Dead in Creek
Earl Jansen, 53, of Belle Plaine, was found dead in a creek off highway 212 east of Chelsea after a motorist reported a car in a ditch. A state trooper found the car empty and Jansen’s body in the creek nearby. No further details on the mishap were immediately available.
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Public Hearing Notice on Proposed Budget in Robins Iowa
Public hearing announced by city officials of Robins Iowa to review the proposed 1975 budget. Marilyn P. Cook City Clerk invites residents to attend the meeting at City Hall or join by formal notice for arguments in favor or against the budget.
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Phecy Bodaell
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Temple Judah Games and relocations in Temple area
City briefs note Temple Judah Games on February 25 at 7 30 with public welcome, one block north off Beyer Street SE. Dr J Banka and Br J R Van Tuyl relocate to 74 Short St NW also North West Medical Clinic. Mt Vernon Shoe Repair offers guaranteed work at 3138 ML Vernon Nd SE open daily 6 to 5. Health services claim neuromuscular pain relief with X ray exams by Hoyt Thomas DC at Iowa Theatre Building.
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Tueway
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No Reversal on Report Policy in Cedar Rapids
Cedar Rapids Police Chief Wallace LaPeters affirmed no reversal of the policy to withhold certain details from robbery and burglary reports. After a meeting with Gazette staff, Safety Commissioner James Steinbeck said full reports on armed robberies would resume to news media, with limited exceptions for sensitive information. LaPeters noted that only two changes could trigger a reversal: a formal order shift or strong public outcry, and he outlined examples where specifics like the number of firearms or valuables should not be disclosed. He added that reporters may still receive the base reports, but certain details may be withheld in sensitive cases.
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Birendra Bir Bikram Shah Becomes Nepal King at 29
In Katmandu Birendra Bir Bikram Shah Deva was crowned in a Hindu ritual to rule Nepal. The 29 year old monarch declared he would govern for the welfare of the people as the dynasty’s tenth ruler in a 200 year line following King Mahendra's death in January 1972.
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Congress Rep Giaimo Sees No Earth Shattering Spying but Seeks Oversight
Rep Giaimo says there was nothing earth shattering about the agency's past domestic spying but supports stronger legislative control. He attended a closed briefing by CTA Director William Colby and notes oversight is already taking shape.
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CTA
William Colby
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