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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 23, 1975
Page
22
In New York trading the Dow Jones Industrial Average pushed up about 9 points to around 1,401. Gamers led gains on the NYSE with more advancers than decliners. Occidental Petroleum added 0.50 to 14.34 on the Bay Board as investors kept the market active.
Col pebbly dst lrantue 1974 figures show quarterly profit slips. Morton Norwich drags on. Consolidated Foods up 11/8 as NYSE composite gains 41 to 38.58 and American Stock Exchange index rises to 76.12. Brad Rugin up 4 3/8 on JL. Bandag Inc settlement allows Brad Regan to use Bandag retreading method in service centers.
A federal court subpoena seeks about 1,300 adult films turned to a federal grand jury from Linn County. Judge Harold Vietor ordered the Cedar Rapids man Edward Wedelstedt to surrender the films or face action if authorities do not stop the return within 48 hours. The films, seized from Wedelstedt during a search without probable cause, were held by the state Bureau of Criminal Investigation pending the subpoena backed by the US attorney general.
iO Grain Quotations honors brothers Hep with a landmark price list and market update. The feature notes rising grain values and a local exchange showing notable activity among traders and suppliers.
Illinois and Iowa markets show prices firming across grains livestock with wheat at about 3.98 a bushel March, soybeans near 6.08, corn around 4.24. Cattle and hogs at Des Moines and Postville show mixed changes as weekly reports detail packing plant activity and price ranges for various weights.
Market report shows cattle weights from 200 to 280 pounds with prices around 530.00 to 385.50 depending on grade and delivery. Sows and butchers face reductions by weight, with specific deductions per 10 pounds and weight brackets noted, plus packers' adjustments across weight grades from 360 to 510 pounds.
Steven Petersen, 21, was charged with intoxication resisting an officer and possession of a controlled substance after a disturbance at 610 Sixth Avenue SE. Officers found him in a hallway near a broken door at 2:05 a.m. He allegedly refused to leave, struggled with police, and a search found substances believed to be marijuana and hashish. He was jailed on three counts.
Banks of Iowa Securities announces 1974 income before securities gains of 5.0 million, up 17.8 percent from 1974. President J Forbes Gersberg cites net income of 4.87 million, earnings per share 4.01, loans at 279 million, deposits 445 million, and total assets surpassing 552 million, a 13.2 percent rise.
Leu Stoneking pled guilty to assault and battery in a Magistrate court. He received a five day jail term. The incident involved Marlene Stuneking and occurred on January at location on Ninth sleet and D avenue NW.
Breakin at Melford's Auto Service in Mt Verto occurred Wednesday night. Cedar Rapide valued at about 260 dollars was reported stolen. Police notes mention other items and suspects unnamed.
Washington Senator Jackson likely will announce his candidacy for president on Red 6 a spokesman said Wednesday.
Linn supervisors awarded a contract to Yurper and Associates of Falls Church Virginia to develop a county employee job classification and pay plan. Bids ranged from 8880 to 22454 with the low Public Service Institute of Chicago dropped for staffing concerns. The board chose Yurper citing timetable reliability and a strong reputation, while Hay Associates offered cost options tied to interviewing conducted by county staff.
The Navy announces new enlistees including Hart Hentai of Wilson Avenue SW. George Mulholland of 1006 Avenue NW. Steve Freilinger of Central City. Rogan Moore of Hiawatha. and Alex Morton of 1920 Twenty fourth Street Marion.
A Civitan Club meeting is planned for Friday at Bishops in downtown. Several community notices follow including ads for services and local businesses, Lost and found items and a theft report at a car wash.
DES MOINES Democratic leaders released a 24 point plan urging more equitable state taxes and broader public programs. The list proposes changes to income and corporate taxes, pension reforms, school funding, farm protection laws, voter registration simplifications, and energy, housing, and education policy.
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