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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 05, 1979
Page
18
A retired couple seeks advice on renting versus selling a $120000 property yielding $13000 annual rent while costs rise. The adviser notes low returns and suggests either raising rents or selling to reinvest, then answers a novice investor about mutual funds and early withdrawal penalties. He defends real estate as a strong long term investment despite market rumors.
Cedar Rapids hog market held steady with butchers and packers near 550 lb and sow prices split by weight. Cattle traded mixed with top steer quotes at 55.50 to 57.50 and heifers 54.50 to 56.00. Sheep priced higher by market, lambs 65 to 71 dollars. Soybeans and corn rose for January to March crops while new crop corn held at 2.14. Quotations from Pro Farmer Grain include specific prices for corn and soybeans delivered to Cedar Rapids processors. On this date in 1898, Simon Lake made the first submarine telephone call to land.
Government figures show December rates above 10 percent for new homes and 10.06 percent for used homes. Average new home price reached 67,600 dollars and used homes 58,000 dollars, with annual rates rising to 9.54 percent for new homes in 1978. Economist Michael Sumichrast cautions that official rates may understate true costs and predicts further rises into 1979.
Junior Achievers from Cedar Rapids Marion Iowa City and Vinton received the Gavel Award as top delegation at the Midwest JA Achievers Conference in Des Moines. A Cedar Rapids JA company placed second in the products fair won by Reflections Unlimited counseled by National Oats for a silk screen mirror reproducing Grant Wood’s American Gothic.
Detroit AP reports U S auto industry finished 1978 with about 9.28 million domestic car sales, the best since 1973 and third all time. Imports and trucks push total to roughly 15.4 million. GM leads with 5.39 million cars, Ford 2.58 million, Chrysler 1.15 million, AMC 170,739.
The report shows mixed dollar movement with Tokyo closing at 196.85 yen, London pound around 2.0197 dollars, and Zurich gold at 226.625 dollars per ounce. London dealers fixed morning gold at 226.70, up from 226.25. Frankfurt, Zurich, and Paris rates also shift.
Ford, the nations second largest automaker, says it will raise the average price of a new car by 124 dollars this month to offset higher labor, materials, and service costs. The truck line will rise about 161 dollars, following last month's 35 dollar increase on larger cars. Chrysler and GM also lifted prices by about 1.2 and 1.7 percent respectively.
A Saudi father inadvertently approved two marriages to the wrong grooms when he mixed up the brides’ and grooms’ names at a Moslem double wedding reported by Al Bilad. After vows were exchanged the father hushed the error, but the daughters later confirmed they were happy with their unintended husbands.
Cedar Rapids items report Bill F Stewart among 116 educators invited to a 1979 A C JC delegate assembly in Warrenton Virginia. Also listed are a welding safety seminar at Kirkwood CC with Glenn Rye, various sales notices, a gun show at Hawkeye Downs, auctions, a snowblower theft at 2440 10th Ave SW valued at 260 dollars, and multiple local advertisements from Peck s Cash and Carry and others. Bonded by ad notices and community events.
Winners listed for Wednesday at the YWCA include North-south first Mrs Charles Leipold and Mrs Thomas Mullin and second Mrs S G Blencoe and Bruce Cuthbertson. East-west winners are first Mrs Don Engle and Frank Zeman and second Mrs Vernon Hendryx and Mrs Clarence Mainer. A membership game is set for Wednesday at 7 30 p m.
Notices announce bids for trash dumpsters in Linn County Iowa and a Fairfax City public meeting. executor appointment and estate matters in Warren County. amended petition to quiet title in an Iowa district court. various named parties, dates, and legal actions appear amid garbled OCR text.
Notice to creditors in the matter of the estate of John G Ricklefs indicates the decedent died July 1976 in Anamosa Iowa. The Wayne County court appointed an executor, and all persons indebted or who have claims against the estate must present them within months of this notice or be forever barred. Ramsey Iserman and Willems attorneys act as executors.
The district court of Iowa in Linn County Cedar Rapids holds a case listing numerous defendants and heirs including Miner F Shoen Naby Smith Diehl yze Graham and Swayze families. The filing references real estate interests and queued funds as of January with details scattered in the document.
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