Market rally resumes amid rate cuts and gains on Dow
New York markets moved higher as profit taking paused and Uren led an early rally. Dow Jones industrials gained about 6.5 points while NYSE issues outpaced declines as investors welcomed a Federal Reserve discount-rate cut and a quarter-point drop in prime rates.
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New York
Uren
Fone
Cedar Rapids hog market holds steady as weight classes vary
Monday folio reports Cedar Rapids hog market steady with Saturday prices for 200 to 230 lb butchers at 48.50 to 49.00 and lighter 230 to 250 lb ranges around 47 to 50. Sows and heavier lots show declines, with mixed price ranges across weight categories and districts including Des Moines and Chicago notes.
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Cedar Rapids
Des Moines
UPL
Madermic
Uramul
Saley Log
Grain futures rise on Chicago Board of Trade results
Soybeans rose 7 cents a bushel and gains spread to wheat corn and oats while soybean oil hit a 100 point daily limit. Month end values showed soybeans near 4654, wheat around 3.55, corn about 2.73, and oats near 1.5934. cash grain quotes listed No 2 yellow corn and various soy and bean prices.
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Chicago
Chicago Board of ‘Trade
Black Hawk Trial Opens for Wedelstedt in Iowa Case
Edward J. Wedelstedt of 1663 Twenty Fourth Street NW faced a Black Hawk district court trial on charges of conspiracy and receiving and concealing stolen property. Prosecutors allege he was involved in stealing hundreds of old-time films worth about $100,000 from a Davenport resident. The jury was to be impaneled Monday morning with possible entry of a guilty plea or trial to follow.
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Edward J. Wedelstedt
Twenty Fourth Street
Black Hawk District Court
Cedar Rapids
Linn County
Black Hawk County
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Watter
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Two Killed Three Injured in Crash Near Delhi
Two people died and three were injured in a head on collision on Highway 38 about two miles south of Delhi at 8:45 a.m. Linda Jean Rammels 25 of Lansing and Regina Ellen DeShaw 67 of Hopisinton were killed. Perry DeShaw 66, Marty Halverson 14, and Cliff Hammel 6 were injured with Halverson and Hammel in good condition at local hospitals.
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Delh
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Delhi
Stiistap
Linda Jean Rammles
Lansing
Regina Ellen DeShaw
Hopisinton
St. Luke's Hospital
Perry Clarence DeShaw
Marty Halverson
Cliff Hammel
Trummel
Delaware Clarity Memorial Hos
Yigy
Chris Hammel
University Hospitals
Jews City
Marty Halvenson
Lutheran Hospital
la Crosse
Wis
Linda Hammel
Herosa Hie
DeShaun
Cedar Rapids News Briefs Father Dies in Oak Park
Cedar Rapids notes the death Saturday of Leonard Quetsel of Oak Park Township father of Dr. Richard Quetsel Cedar Rapids. Funeral details appear through local listings and phone updates. Neighborhood notices include burglaries thefts and a police report of a white car following a man home.
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Leonard Quetsel
Oak Park
Richard Quetkeh
Cedar Rapids
Tweedey
Lombard
Eleven Charged on Drunk Driving Counts
Eleven individuals were arrested on drunk driving charges over the weekend by Linn and Cedar Rapids authorities. The arrests include Llevey A. Fox, 82, at Forty-second Street and Edgewood Road NE. Donald R. Benson, 34, at Forty second Street and Edgewood Road NE. David L. Dill, 28, on Ninth Street SE. Dwight D. Mactin, 20, on County Road E16 south of Prairieburg. Dennis G. Clark, 23, at Mt. Vernon Sand. David L. Tromble, 20, on First Street SW. Michael T. Miller, 17, on Rover Avenue SE. Junet J. Lane, 35, on Blair's Ferry Road. James S. Zumbrunnen, 35, on Mt. Vernon Road SE. Terry L. Sublette, 28, on Oakland River near Thirty-second Street NE. and John M. Rowan, 22, near Center Point Road and Arizona Avenue NE.
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Cedar Rapids
Nineteenth Street
Dwight D. Mactin
Final Cascade
Linn
Prariebury
Dennis G. Clark
Vernon
Mt. Vernon
David L. Tromble
High Drive
First Street
Michael T. Miller
Memorial Drive
Rover Avenue
James 8
Fire destroys historic Hendrix home in Fayette
A early Monday blaze destroyed the Hendrix residence in Fayette, affecting Dr Hershel Hendrix of Upper Iowa University. Authorities say smoke woke the couple around 4 518 am as flames engulfed the structure, which started in a carport and was a total loss.
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Hendrix
Fayette Fayette
Dee
Hershel Hendrix
Upper Iowa College
Upper Laws
Frances
Minor Fire Damage At Gazette Building
A fire on the second floor men’s restroom at the Cedar Rapids Gazette office caused towel dispensers to be destroyed and another damaged. Officials were called at 1:04 p.m. Monday, with water damage in the restroom and the cause still undetermined.
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Cedar Rapids
Income Up More Slowly During 1975
The Commerce Department reports that personal income growth slowed in 1975 due to recession, rising 7.9 percent, far below inflation. Wage and salary gains led, while dividends fell. Transfer payments surged 24.6 percent, unemployment persisted, and farm income declined though less than prior year. Personal income for 1975 reached about 1.246 trillion.
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Washington
Atrack
Commerce Department
Willi
Saathey
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