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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 14, 1977
Page
18
The Dow Jones average fell 4.08 to 972.07 by 2 p.m. Friday as traders assessed a Fed driven tighter credit policy. The NYSE composite edged down .08 to 56.31 while the American Stock Exchange index rose .32 to 110.95 amid active trading.
The AP roundup lists NYSE stocks with top percent gains and declines for Friday. It includes numerous firms across industries with price changes noted alongside trading highlights and national quotes from the day.
Anaconda Co becomes a subsidiary of Atlantic Richfield Co. in a merger aimed at raising fresh capital for ore holdings and plants. Arco plans to invest up to 1 billion more into Anaconda, now registered as a Delaware firm after dissolution as a Montana corporation. The deal followed a court ruling in Richmond, Virginia.
Friday dealings show hogs 200 to 230 pounds bringing 38.50 to 39.00 per cwt with plant delivered loads. heavier ranges receive progressive off from 230 to 300 pounds. Sows around 31.00 to 31.50. cattle and sheep prices listed, plus grain and futures updates across Chicago area markets.
Hazel I Hoffman 78 of Mt Vernon died in a Mt Vernon nursing home after a long illness. Born Aug 6 1899 in Mt Vernon she married Merrill Hoffman Jan 15 1919. Survived by four brothers and three sisters. services 1 PM Saturday at United Methodist Church Rev Thomas R Stewart. Burial Lisbon Cemetery. Friends may call Baxter Chapel after 3 PM Friday. A memorial fund is set.
ARM AP reports Friday soybeans fell 7 cents a bushel with most contracts down 1 to 7 cents. Wheat eased 1 to 2 percent, oats dropped, and corn edged higher in Chicago cash grain trading. Prices cited include Jan soy 706, March wheat 2.7644, and corn 2.6114 with various No. 2 grains listed in distress market terms.
Livestock trade was moderate to fairly active with demand uneven. Butchers steady to higher while sow prices held near flat. Prices per dozen to producers varied by size and weight, with eggs showing grade A levels around 55 to 62 cents for large, and lower for medium and Grade B. Supplies were tight and weather improved, keeping the undertone steady to firm.
Three Coralville residents were hospitalized after a two vehicle crash on Interstate 80 near mile marker 1 5 west of Highway 1. Debra Tally 24 and passenger Margaret Levy 22 were pinned in the car and rescued by deputies. Tally was in fair condition Levy stable. Wrecker driver Richard Hobbs 30 was treated and released.
The EPA plans to abandon mandatory urban transportation control plans under the Clean Air Act of 1970 due to resistance from states and cities. It will rely on voluntary adoption by localities while continuing to pursue public health protection with about a dozen strategies including car pools and gasoline rationing, after years of controversy and legal disputes.
City briefs note Patrick Camp son of Oliver M Camp is home on a 30 day leave from Okinawa before returning to Camp Pendleton California. Also listed are travel offers tours by Peggy and Charters Inc with dates for Florida Bahamas trips from Cedar Rapids and Las Vegas charters from Cedar Rapids. Also items on local ads and a 1976 date noting John Dunlop resignation over a Ford veto.
Former Cedar Rapids police chief George Matias spoke at a Catholic Laymen meeting and urged backing for the police, forecasting internal promotion from within, criticizing local morale, and arguing for higher pay to attract qualified officers. He compared Cedar Rapids to Arizona departments and urged more public support and tougher penalties.
Police logged nine serious mishaps as icy streets caused numerous property damage crashes. A squad car suffered about 1000 in damage and total damage exceeded 11500. Several drivers including Katherine Lingo Alice Jones Terrye Dioughy Laurel Miller Marvin Astor Franklin Hicks Fatima Hutchings were treated, with Miller charged for improper entering a stop or yield. No charges against the squad car driver.
U.S. intelligence ties former CIA officer Philip Agee to revealing the existence of a NATO spy ring run from Britain in Poland. The ring was dismantled in June 1975 by the KGB and Polish counterintelligence, with some members aided to flee by British intelligence. Agee, now in London, says he knows nothing of the case and faces deportation appeals as Britain denies U.S. influence claims.
Firefighters reported a basement fire at 256 Brentwood Circle NE with heavy smoke and heat throughout the home. Officials said a short in electrical equipment started the blaze around 8 06 a m at the residence of Fred Hubler and involved items belonging to Mike Cook who was in the basement.
An earthquake rattled high rise apartments in Sarajevo, central Yugoslavia, on Thursday but officials reported no damage or injuries.
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