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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 03, 1977
Page
17
New York stocks opened the year showing lagging prices amid profit taking. The Dow Jones Industrial Average stood at 998.42, down 6.23, with moderate NYSE volume around 14.38 million shares as traders cashed in after a late 1976 rally.
The report lists figures for a wide range of corporations with share values and percentages. Notable entries include Archer Daniels, Beatrice Foods, John Deere, Rockwell, Texaco, United Fire & Casualty, Winnebago, US Steel, Westinghouse, and Xerox. The data run across many sectors and show fluctuating prices and market activity.
City residents may book pavilion space in Cedar Rapids parks starting this week. Reservations are handled at the parks office on City Hall’s third floor and cannot be made by phone. Fees range from 3 to 4 dollars per section depending on kitchen or electrical facilities, with three daily time blocks.
A strong earthquake tremor shook the Corinth area early Monday, the Athens Observatory reported. Police said no casualties or damage were immediately reported.
Cedar Rapids market reports Monday show hogs lower on butchers and steady on sows with prices for 200-230 lb butchers at 36.50 to 37.00 dollars per cwt. Sows around 28.00 to 28.50, with lighter weight ranges discounted. Sheep and poultry followed regional trends in price and demand.
UPI listings from Des Moines show hog market activity with mixed demand and steady to slightly lower prices for various weight classes. Receipts estimated at 110000 today, with prior days including 25000 Friday and 7000 Saturday, while corn and soybeans prices are noted alongside dressed meat trends in Des Moines and Chicago markets.
Local Briefs list church programs and social clubs including a Christian club slide show and guitar at Central Y, a Ladies night at Ambassador Lounge, and weekly Story Hour in city libraries. Also featured are graduations from Chanute and Sheppard AFB, yoga classes at the YMCA, various ad notices, and minor theft reports from area residents.
Heather Co and IDOT settled a dispute over Interstate 380 property in northeast Cedar Rapids. The court approved a compromise setting the taking at 143000 dollars and reducing land taken to 42560 square feet, resolving a prior $310000 loss claim.
Cash and checks totaling 1200 were stolen from Mother's tavern at 3335 Center Point Road NE during an early Sunday break in. Police report the thief unlocked a basement office cabinet and kicked in the door to reach 800 in cash and 400 in checks.
In Chicago trading, soybeans drop 7 cents a bushel in the final 30 minutes as traders take profits. Wheat down 3% cents, corn 14% and oats 1. Soy meal near unchanged, soy oil down about 50 points per pound. Late selling reflects softer exports and reduced demand for soybeans and products. Soybeans end 5 1/4 to 7 cents lower, January at 7.00. Wheat slips 24% to 3 14. Lower corn 1 to 1 1/2% March 2.5544, oats steady to lower at 1.68.
Bradford Mason age 25 of 1013 I avenue NW was arrested on assault and battery and resisting an officer after a family argument. He allegedly struck his wife Brenda and struggled with police. He posted a $250 bond and was released. Officers were called to the 1000 block of avenue NW over a report of a car on the sidewalk after a Mason child alerted them to the beating.
Six Linn district court cases were heard in the First Avenue division. Tracy McVey of Marion pled guilty to drunk driving and paid 300 dollars plus costs and 50 dollars plus costs for a later license suspension charge. Donald Eberle pled guilty to a suspension charge and received 50 dollars in fines plus 60 day jail term suspended. John Lentner pled guilty to altering a serial number now charged as operating a vehicle without a serial number and fined 25 dollars plus costs.
Items valued at more than $3,000 were stolen in two thefts reported to police. Officials said three color television sets worth $1,500 were taken from Roosevelt Roy ale hotel rooms and items valued at $1,569 were stolen from the James Gagnum residence. Stolen: a color television, reel to reel tape recorder, stereo receiver, tape player, turntable, calculator, and two tapes.
Des Moines Iowa Gov Robert Ray issued an executive order abolishing the TRACIS oversight committee after six years of developing and coordinating the traffic records and crime information system The move transfers functions to the public safety and transportation departments The TRACIS system linked with national and FBI networks and has improved motor vehicle records driver licenses and revenue while aiding interstate reciprocity and the 1974 Iowa privacy law The committee led by Marvin Seiden played a national role in establishing guidelines for legislation
The Iowa executive council approved the sale of the former governor's mansion to the Iowa Girls High School Athletic Union for 140000. After a 6 percent realty fee, the state nets 131600. The IGHSAU will use the mansion for offices, replacing the downtown site.
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