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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 11, 1974
Page
11
Financial and market notes describe a broad stock retreat with the Dow leading declines amid oil and industrial jitters. Oil equities weaken while traders parse midweek commentary, with mixed activity across commodities, cattle futures, and bond-like indicators across exchanges. Industry voices reference volatility and cautious trading as prices adjust.
Prices from markets in Des Moines and Postville show active demand in dressed meats and beef. Steers and heifers fetch higher bids, pork cuts steady with some strength, and regional trade notes reflect fluctuating wholesale levels across multiple buyers and producers.
Chicago grain prices show wheat down and soybeans rebounding while corn shifts modestly as futures trade near closing levels. March wheat at 3.71, March corn around 2.85, January soybeans near 4.20 with varied bids and market activity described in the day’s cash grain report.
A bankruptcy petition was filed by a firm in Cedar Rapids named Lakruptcy. The petition lists 33 creditors and debts of 3,847.33 with assets of 2,837.0. Russell L. Kuehl chaired a board meeting approving the filing as the corporation was reportedly insolvent and unable to pay debts.
A jumble of notices reports a hospitalized Irene Knake at Mercy Hospital with a broken pelvis from a fall and visitors listed. Upcoming events include a Paramount theater listing and a January sale at The Giltree with Carnations and Shady kept items. Local classes at Washington High and pension board meetings are noted with contact numbers.
Des Moines police and FBI officials say two Des Moines men Richard Duane Daugherty and Ronald Ray Rogers were arrested in connection with a $9,600 robbery at the Booneville Farmers and Merchants Bank on a Thursday. Authorities expect more arrests as the probe continues in the matter.
City council reviews a five year plan to guide capital improvements and housing changes over the next five years. Officials weigh apartment head changes and strategic projects while departments outline budgeting and implementation steps.
The session opens to the public with Riley noting the wall and payment details. Officials plan questions for Mes officials and county FELesh about local matters while Linn] omy lepistrators are involved.
Robert E. Nielson aged 47 died of natural causes per Linn County Medical Examiner ruling. He resided at 65 Ninth Street and his death followed a vehicle crash near Tenth Street and Central Avenue. Funeral services are set for Saturday at 10:30 AM at Marine Christian Church with burial at Cedar Memorial Cemetery. Cedar Memorial Funeral Home announced.
The Vernon junior high school drama club will present the one act comedy No Time for Skirts Tuesday at 7 80 p m in the gymnasium. Cast includes Bert Hames Lynne Roby Lou Preislinger Sara Lasehansky Tabi Fleming Carl Kemp Jane Maxey Larry Lake Tom Vershon Bob Merreid Ron Feenery Steve Logany and Ken Wielhar. Directors are Carolyn Ebersole and Ernest Miller of Mig June for high faculty.
About 380 high school debaters gather at Coe College for the 35th annual Kohawk Thvita- Jima speech tournament. 34 schools from Iowa Minnesota compete in varsity and novice debate and three speaking events. 44 trophies will be awarded Saturday morning in Cherry Auditorium.
Albert Cindorff a bishop area resident for about 1h years dies in Lisbon burial pending at St John Episcopal Church. Services set for Monday at 1 pm in a local chapel with burial at Libwood cemetery Friends may attend.
Police report ongoing metal thefts in the city with several incidents tied to electrical wire. Investigators link recent losses to multiple job sites and contract workers, noting repeated patterns at a Wakefield area location and a Laken street site as officers pursue leads.
Russell M. Willer a lifelong Tipton area resident died Thursday Born Sept 192 the 1983 Tipton he was married to Dorothy Dontdorff He attended Tipton High School and Iowa State University member of Tau Kappa Epsilon fraternity Tipton Masonic lodge Kaaba Shrine Davenport past member of Tipton school board Cedar County board of supervisors World War I veteran American Legion Surviving daughter Mrs Joe Wolga LaGrange Illinois two sons W D L Willer Becorah Jack Willer Lie land TH nine grandchildren Services Sunday 2 10 at First United Methodist Church Tipton interment Ma- cian cemetery Memorials to Sheets and Son Funeral Home after a.m. Saturday.
DES MOINES AP There may be more than 2 008 employers taxed for job contributions, but many appear to avoid paying the proper shares. Officials say a drive is needed to determine if workers are being underpaid or misclassified, potentially affecting unemployment relief funds for the year 1972.
James Rascher, a 54 year old Monticello man, was found unable to stand trial on a charge involving his wife and was ordered transferred to the Senior Home facility in Oakdale for guardianship and supervision. A district judge ordered continued confinement after a family statement said he posed a danger to the public and would not be able to stand trial. Rascher was arrested after his wife Leona was beaten to death on December 3, 1973, amid delusions alleging an affair.
Governor Arthur New Taursdase praised Jana Sen. Tom Tiley and voiced support for Riley's bid in the Second district. The event at the Armar ballroom drew about 350 people, with Nell Hollas praising Riley's intelligence and integrity and Cedar Rapids Republicans noting his leadership on legislation and appropriations in 1972 and beyond.
Angist Ryant of Spillville failed to prevail against Trak Mbit in a case seeking 179000 damages. The trial, held Thursday in Winneshick County District Court, followed a tavern shooting at Spillville Dope on December 12, 1974, with a jury returning a verdict that Ryant was not entitled to damages.
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