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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 19, 1974
Page
5
The Dow Jones industrial average fell 16.18 points to 65.47 amid profit-taking and investor disappointment over the Mid Hast situation. The market had gained about 32 points over the prior three sessions as traders reassessed recent gains.
Prices on Saturday were mostly steady with limited movement across cattle hogs and poultry. Quotes show butchers at 40.75 to 41.25 per 200 to 230 pounds, packers discounts on heavier cattle, various weight brackets for sows and feeders, and mixed grain and egg markets reflecting regional fluctuations.
Two people were injured in separate crashes on Second Street and Lighthavenue SW early Saturday. Denise Greazel, 19, of 2421 Southland Street SW, escaped with minor injuries after a collision near 1 5th Street, with medical aid and release following at St Luke's hospital. Authorities reported traffic disruption and ongoing investigation into the incidents.
Iowa lawmakers consider allowing taverns to sell package liquors to stock private outlets in small towns. Beer and Liquor Commission chief Ralland Gallagher warns higher prices could spur bootlegging and urges caution over licensing taverns to mix package and on premise sales.
The state Appeals Board will convene in Cedar Rapids on Friday to hear amendments to the 1973 city budget. Taxpayers Asking for Explanations criticizes two amendments adding 1.1 million to airport construction funds, with funds drawn from liquor control and airport operation accounts.
Police report overnight theft at the new Boy Scout building 320 Collins road NE. A safe was pried open and cash 40.82 and checks valued at 831.80 were missing marked for deposit. A separate deposit of 40 in coins and unknown checks also vanished. Entry gained through a sliding glass window. desks were ransacked but nothing else missing.
Steven W. Hobbs, 49, of 1029 Sixteenth Avenue SE, is jailed in Lim county after Friday night arrest. He faces a larceny warrant, driving without a valid license, and possession of a controlled substance.
Iowa consumer group ISPIRG reports that 60 banks and loan companies across Iowa now comply with the truth in lending act by quoting only the annual percentage rate. Earlier survey found many violated by quoting rates other than the APR. Officials say 10 lenders corrected, with six of the previous violators now using the APR only, while one group refuses to quote rules over the phone.
Waterloo police narcotics division says it raided two Cedar Falls homes and one Waterloo home, arresting seven people and seizing more than 12000 dollars worth of drugs. Officials claim the raids cut local heroin users from about 40 to fewer than 30.
An Ecumenical Prayer Service Sunday at 7 30 pm at 862 Pwellth Street First Presbyterian, invites Christians from local churches. Liturgy will be by representative clergy and the sermon delivered by Reverend Dustin A Kane of St Joseph's Catholic Church. A saint boy will sing.
A compiled list of local church services with pastors, worship times, and Sunday school schedules. Entries include Marion area churches such as Bethel Baptist Grace Baptist Robins Faith Bible St. Joseph's Catholic Ascension Lutheran Lutheran Church of the Resurrection St. Paul's Lutheran First United Methodist Prairie Chapel United Methodist First Presbyterian Reformed Presbyterian Church of God Seventh Day Seventh Day Brethren and Church details.
A talk on a rare cross collection will be held Sunday at 7:29 p.m. in Marion Chris Manchirch. Mrs. Speakman of southern California will discuss crosses from around the world. The public is invited to the 7:30 program followed by a potluck supper at 445 7M.
A Minnesota man who pleaded guilty to robbing Beherian Savings Bank in Prativin faces a possible second chance after a 25 year term. Judge McManus heard a plea for treatment for alcohol, drugs, and psychological issues from Everett A. Johnson, 20, who described a troubled past and urged help to prevent future crimes. Johnson was arrested after the Aug 20 1974 robbery. he received care for hepatitis before pleading on the federal indictment.
Alice McKee executive director of the Iowa Commission on the Status of Women will speak at Coe College in Cherry Auditorium Tuesday on the Equal Rights Amendment and the work of the Iowa commission. The lecture is free and open to the public.
Democratic candidate Clark Rasmussen disclosed a debt exceeding $5,000 during the early phase of his bid for the nomination. A secretary of state filing shows $34,055.07 in contributions and expenses totaling $7,192.64 for the period ending December 31. Rasmussen’s debt stood at $45,537.56.
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