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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 15, 1977
Page
16
Prices were mixed on Friday as investors weighed Federal Reserve money supply data. The Dow fell to 972.16, major averages showed gains for some, while volume cooled. analysts cautioned that rate trends could dampen buying.
Livestock trade was moderate to fairly active with uneven demand. Butchers rose 50 to 1.00 while sows held steady. Prices vary by weight from 38.25 to 40.00 for 200-230 lb and down to 28.50-30.75 for 450-550 lb, with assorted ranges across other weights. Futures data follows.
In Chicago trading, soybeans fell 7 cents a bushel with prices 1 to 7 cents down across contract months. Wheat and oats were mixed lower, corn edged higher, and livestock and eggs markets showed softer bids amid steady to firm tone in others.
In Sheffield England Arthur Eden accused Fred Ogden of assault with a shovel after a quarrel over manure from Eden's horse Apache. The crown court acquitted Ogden and warned against further petty squabbles as the case collapsed amid talk of a storm in a stable bucket. Evidence included the shovel and a photograph of Eden's backside.
In Atlanta a state senate resolution proposes renaming Georgia The Peanut State to honor President-elect Jimmy Carter and the peanut crop leadership. Sponsors note Georgia leads in peanut production and many locals are involved in peanuts. King born date marker appears as a sidebar.
Reader questions about deposit insurance and FDIC reserves are addressed. FDIC regional official George Bilder notes all Franklin National deposits were assumed by a successor bank with no losses to depositors, and the FDIC expects no loss while liquidating assets it took over from Franklin. He cites roughly 70 billion in capital backing deposits and two-thirds of net premium income returned to member banks annually.
City notes a 1 p.m. meeting Monday at First Christian church on The Vanity of Knowing Better. Weekend ads promote a seafood platter, various lessons, toboggan party, gun show, and multiple travel and craft offers with prices and contact numbers.
A Royal Bengal tiger in the Sunderbans has killed eight villagers who entered the forest to cut wood. Officials report repeated sightings as panic grows among locals. The protected animal remains a regional concern across Bangladesh and India.
Washington AP notes incoming Agriculture Secretary will face higher coffee costs like other consumers. Rep. Robert Bergland says there is nothing he can do if Brazilian freezes drive prices, and he encourages consumers to boycott if they wish, calling it a free country.
A long notice item lists probate actions in Linn County Iowa including estates of Ella Moody Henry Merklin Marie May Marie Usher Murida Stuckenbruck and others. Executors appointed include Ernest Demme!, Alberta White Kubicek Violet Cherveny and Dale Stuckenbruck with six month periods for filings and creditor claims. Also includes a 516th regular meeting of the Hiawatha city council with bills paid and budget items.
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