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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 07, 1975
Page
8
New York AP reports the stock market edged upward Tuesday after early profit taking. The Dow Jones average rose about 2.5 points to 639.71 while gainers led decliners 6 to 5 as investors awaited broader economic and energy policy plans from President Ford later in the month.
The NYSE session paused 35 minutes after opening due to computer trouble and a separate telephone cable fault halted odd lot trading under 100 shares from 12 13 to 1 55 p m The Dow briefly dipped about 4 points before rebounding toward gains Pfizer led the list of active issues on the Big Board with RTE and ES among notable movers
STRAWBERRY FOINT Waulks Inn operated by Fred and Delores Waulk was broken into over the weekend. Thieves escaped with eight 2-packs of beer ten pounds of lobster 22 pizzas 35 pounds of ground beef 40 pounds of beef tenderloin a ten pound ham a container of cottage cheese and a knife.
A Cedar Rapids brief lists a stolen flag from Hupp Electric Motors and a cash theft from Lisk, plus items stolen from Dudley Draton and Ross Rosemeyer. It notes local club meetings, ski trip reservations, a dean’s list honoree Jay Ginther, and various ads and community events at Edgewood Library and area venues.
Chicago reports heavy selling in farm commodity futures with most closing near or at limit declines. Soybeans fell 16 to 20 cents a bushel with January at 6.95, wheat down 16 to 20 cents to 4.21, corn off about 4 to 6 cents to 3.42, oats around 2 to 4 cents lower, and rye easing to about 1.63. Cash grain quotes show mixed prices for No 2 yellow corn and soybeans with regional variations.
Bangkok reports that unseasonal torrential rains have caused floods in southern Thailand, killing at least 49 people according to a Thai newspaper cited by UPI. The casualty toll and flood impact are ongoing, with authorities assessing damage across affected provinces.
Negotiations persist at Electro-Coaling, 921 Shaver Road NE, where nine Teamsters members walked out last Priv day. Plant manager Jack Aicher says the old contract expired November 1, with details of the dispute not available. Cedar Rapids plant is among several plating branches.
In 1968 the government signed after an Israeli command raid at Beirut airstrip. The event followed a raid that targeted the air facility, shaping regional security responses and diplomatic posture in the era.
Several people were injured in two C R auto accidents Monday and Tuesday. Steven M. Johnson, 27, received mouth and teeth injuries in a 1 52 am collision with Susan A Roche, 18, who had stopped for a red light. Johnson faced charges for driving under control. Suzette Marie Stark, 18, was charged with failure to stop after an alley exit following another crash that involved Barbara Ann Hansen, 23, with both drivers treated for minor injuries at Merry hospital.
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