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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 19, 1971
Page
14
In New York, stocks rose on Tuesday with gains across airlines rails metals utilities and electronics while chemicals oils and autos mixed. The market shows ongoing consolidation as a block of 100,000 Tenneto warrants traded near six dollars amid bankruptcy related securities.
A Vilnius court in Soviet Lithuania sentenced a man to death and his pregnant wife to life for attempting to hijack a Soviet ship bound for Sweden. The couple, 44 and 21, reportedly planned the assault across the Baltic Sea but were subdued while the plane was in flight.
Washington sources report the White House halted a nomination of Edward Failor a 48 year old former Dubuque municipal judge and political consultant for a staff associate post in the bureau of mines The move follows Republican questions about his background after a coal mine disaster in Hayden Kentucky last month that killed several people Controversy centers on whether the administration created the position for him and if he has relevant experience
Tehran reports an army corporal and a civilian were executed by firing squad for narcotics offenses under a new Iranian law. The law allows military courts to sentence those caught with opium or heroin to death, with thresholds noted in the dispatch.
Sioux City Livestock reports higher cattle trading with steers 25 to 50 higher and calves up to 29,000 for 989 to 1,300 pound ranges. Heifers also rise with selective gains to the 28s. Market activity shows strong demand and price appreciation across cattle classes.
Chicago soybeans climbed about four cents as new buying and short covering lifted futures. Wheat and corn edged higher, oats rose, and nearby soybean options gained about half as much. Prices reflected firmer cash tones in Chicago, with mixed movements across grains and produce items in the AP roundup.
The Linn County sheriff's office arrested Edwin L. Clary Larry Schate and Jerry J. Smith on larceny charges after they were reported loading a stolen refrigerator into a stolen pickup. The fridge came from a vacant farm house east of Cedar Rapids owned by Charles Krizek of Marion. The truck had been taken without permission. Smith faced petty larceny charges for fuel pilfering from a house on Route Three. All suspects held in county jail awaiting arraignment.
The Iowa supreme court denied an appeal from a Linn County ruling allowing the estranged wife of James L. Peters Gray to testify in an arson case. Peters, 7?, is accused of attempting to burn his former home at 5640 Coloredo St on July 29, 1969, amid a domestic quarrel. The ruling touches on witness rules for spouses and the crime against the wife as grounds for testimony. Officials note pay raises for Marion township officials, with judges to 2250 and constables to 1873 annually, and the sheriff’s office increasing duties despite static figures.
County Auditor Charles Werner reports dog licenses printed with Lynn county on forms supplied by the National Tag Co of Cleveland were sent back for correction. The firm promises corrected licenses by February 1, and processed applications will be mailed promptly once the missing forms are completed. Delays are blamed on the printer.
Marion township officials including justices of the peace and constables won tentative pay raises based on 1970 census figures. Chairman Floyd Emmons noted reluctance to pay more for less work and said the issue would be revisited with Lint County legislators. The prelim census shows Marion Township population at 20,898, crossing the 20,000 threshold for higher pay.
The Federal Reserve Board reduced the discount rate from 5 1/2 to 5 percent, marking the fourth cut since November. The board cited further declines in short term market rates and said the move acknowledges those declines. The discount rate governs borrowings by member banks from the Fed's district banks.
ANPA reports 128 newspapers raised daily price to 15 cents in 1970, leaving 1,606 at 10 cents and 51 at 4 cents or less. New York leads with 34 papers at 15 cents, followed by Massachusetts and others. Few papers sell Sunday editions under five cents. most common price remains 20 cents. Thrifty want ads advertised at end.
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