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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 12, 1976
Page
10
New York stock activity edged higher amid a continued January rally. The Dow Jones average rose to 518.06, led by Citicorp and Chase Manhattan while bank rate cuts and a favorable business outlook supported gains.
Thomas A Brown, 25, of 1652 Fifth Street NW, remained in fair condition Monday in the ICU at St. Luke's hospital after his car struck the rear of a turning vehicle on M Avenue NW at 6 45 am Sunday. Calvin Love, 22, of 1324 Tenth Street NW, was the other driver. Love's car rammed a pole and a house. Wet frost on the pavement was cited by police.
Bean futures led a broad commodity rise as prices hit limit gains on the Chicago Board of Trade after an initial drop. Soybean oil surged 70 points, with soybeans, wheat and corn advancing while meat markets showed mixed activity in Iowa, Des Moines and Omaha reports.
In Cedar Rapids and Des Moines areas, Udall and Shriver spoke to about 100 residents and a larger audience, urging energy reform, conservation, and nuclear policy while fellow candidates Carter and Harris drew office seekers. Udall pressed change within conservation and social programs, while Shriver highlighted executive experience and decried price controls.
Udall schedules a five day campaign in Cedar Rapids starting Monday evening. He opens with a talk to the Marion Democratic club at Linn Co op in Macron, then meets Regis faculty and addresses students at Regis school. A press conference follows at Montrose hotel, with a noon luncheon at the Roosevelt Royale hotel with the Cedar Rapids Optimist club before public finish.
The Cedar Rapids market shows lower hog prices with deliveries of 200 to 230 pounds at 46.00 to 49.00 dollars and heavier weights discounted by weight. Pack sows over 300 pounds sold down, with reductions listed up to 1.60 per pound for overweights. New York USDA notes Butler steady and wholesale egg pricing trends amid volume-based shifts.
A 16 year old boy was arrested for receiving stolen property after two rifles a shotgun and cash were taken from James Ross residence at 1728 Dever Avenue SE. A neighbor reported seeing a youth with guns and police recovered the firearms Sunday following a paper report.
The federal banking agency says New Yorks Chase Manhattan and Citibank, while facing problems, remain among the soundest banking institutions. The Post cites inadequate capital and assets of questionable value but notes no immediate danger.
Police report a break in at 403 Forty-list Street WE Sunday with entry via a broken garage window. Items stolen include eight 100 television sets, 800 in records, a 130 portable radio, a tape deck, radios, two rings, an 800 outboard motor, a promissory note to James Waverton, and 33651 total value.
Cedar Rapids police logged four citizen band radio thefts over the weekend. TL Bennett reported a 161 radio taken from a car at his residence along with a 38 caliber revolver and a briefcase. Gerald A. Schageveld cited a 132 radio stolen from a vehicle. Tom Abarr reported a 241 radio and a 25 extension card stolen from a vehicle at 2700 Sixth Street SW. Joan Janda said a 25 radio antenna was taken from her car at home Sunday.
Cedar Rapids High Twelve club elected Keith D. Koch as president at its Friday meeting. Other officers named include William J. Probert as first vice president Terry C. Cooper as second vice president and Floyd M. Knapp as secretary treasurer.
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