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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 27, 1973
Page
4
New York brokers report a weak session with the Dow Jones Industrial Average ending down 1.05 at 1bd.14. Trade deficit fears for 1972 and high inflation weighed on sentiment. Charles M. Lewis of Winkler Cantor Pomroy & Co. called the market oversold and said fourth quarter earnings reports were shocking investors.
Cedar Rapids market report shows steady prices for hogs on Saturday with Friday figures for country and plant delivered butchers 200 to 230 lbs at 32.00 to 34.50. Sows around 300 lbs 27.00 to 27.50, and larger hogs priced with 50 cent increments per 10 lbs over thresholds. Packers discount 25 cents per weight grade from 360 to 300 lbs and above 500 lbs with tiered adjustments.
Central Iowa stockyards report bid ranges and prices for cattle and pigs. Notable entries include steers and heifers near 350-400 pounds with prices around 34.50 to 35.50 per cwt, bulls and cows listed. packing plant delivery notes show butcher weights 200-230 pounds at 37.00 to 40.50, sows 100-160 pounds at 27.00 to 21.60.
Ally reports Gen Hubert Kennedy proposed reforms to speed court cages with racial discrimination charges against prospective voters. The late- era item notes the push to address barriers and ensure fair access, reflecting tensions of the period.
South Korea plans to demobilize 9000 servicemen after withdrawing from Vietnam, while keeping its armed force near 600000. Defense Minister Tu Jdestraig cited ongoing North Korea threat and modernizing Pyongyang weapons. About 38000 South Korean troops are in Vietnam, to be withdrawn within 61 days after a Vietnam peace agreement. United States will maintain authorized strength at 600000 amid continued U.S. assistance and diplomacy.
Des Moines AP report says the state Commerce Commission rejected Amani Society Service Co call for a flat rate water plan. The plan proposed $1 per household plus $1 per resident, with flat commercial charges for nonmetered users. The ruling requires refiling within 45 days with metered charges and a meter installation timetable.
Edwin A. Poppe, 21, of Monticello, sentenced in Linn District Court by Judge Harold Vietor to up to ten years for robbery and five years for assault, with sentences concurrent. He pleaded guilty to robbing the Me Tea store at 2840 Seventh Avenue, Marlon, Dec. 11, and resisting Deputy Linn sheriff during arrest. The charges originally included robbery with aggravation and assault with intent to commit murder.
An Elberon man Gary Merkel aged 23 was in good condition at Mercy hospital after a Friday night crash on 2700 block of East Avenue. He struck three parked cars, a utility pole and mail boxes injuring a passenger Derald O'Brien. Merkel faces reckless driving charge.
The National Transportation Safety Board cited pilot Wayne Leeth of Las Vegas for continuing visual flight into severe weather that killed former Arizona Education Commissioner James Allen and nine others. The crash near Colorado City, Arizona occurred in rain and snow with zero visibility after the pilot said he would turn back.
A Rossville farm in Allamakee county was gutted by a chimney related blaze causing a total loss for the Larson family of eight. Mrs. Donald Larson and two children escaped unharmed, while neighbors supplied immediate aid. The upstairs was destroyed and the house rendered uninhabitable. the family needs clothing and personal items for the eight children.
Des Moines, AP) Richard Fisher, 27, of Des Moines, died from burns at University Hospitals in Jawa City. He was the second victim of the fire at the Sire Shawn-story hotel early Friday. Fisher arrived by helicopter after the blaze. Firemen found Michael Widner, 24, dead inside the house. Two other occupants had minor injuries. Fire Marshal Paul Cook said the fire likely started from a cigarette on a couch on the first floor.
Lamar Hill, former Cartersville bank president, pled guilty to 60 fraud counts after the government dropped 120 counts. He was sentenced to 10 years in prison by Judge William O Kelley in Rome Georgia, with potential parole in 30 days. The case marked the largest federal embezzlement prosecution and includes a civil suit by First National Bank of Cartersville seeking $4.7 million.
Mr and Mrs Maynard DB Lang sold their house at 155 Twenty-fifth Avenue to Mr and Mrs Willan Hotle of Long Island NY. Possession given Feb 15. Sale handled by Fred J Gibson and Co Realtors with Bickel and Byers. Marion Sheet Metal Co advertises complete heating and air conditioning sales and service.
A compilation of local church listings shows times for Sunday school and worship across Marion and nearby areas. Entries include Marion Churches Bethel Baptists First Baptist Grace Baptist Squaw Creek Baptist Robins Faith Bible Ascension Lutheran Resurrection Lutheran St. Josephs Catholic and multiple United Methodist and other denominations with service and Sunday school times.
Iowa Senator Marion Clark warned at the University of Iowa Shambaugh Auditorium that a historic constitutional crisis is growing as he argued the President has gained power at Congress expense. He urged reform of Congress, criticized executive privilege, and urged cutting military spending to fund domestic programs.
CEDAN FALLS AP The Black Hawk county attorney files 5 counts against Edward J Wedelsteal 40 of Cedar Rapids for alleged sale of obscene literature He edited the Danish Book World in Cedar Falls Police said many charges stem from May raid on the store when nearly 1000 items were confiscated Seven counts relate to a raid this month Judge Torest Rasiman set bond and the defendant remains free pending appeal
AP report details a high speed chase four miles north of Ottumwa ending in a wreck that killed three teenagers, Robert Ammenhous er, Shawn HARDY, and Terry Lee Saner. Troopers and Ottumwa police pursued at over 100 mph as rain fell. owner Roger Peterson, unaware his car was missing, learned of the crash afterward.
In Vinton a young Cedar Falls man was charged with malicious mischief after a car backed into a gas pump at Harley's Gulf station, knocking it off its base and triggering a fire that caused about 2000 dollars in damage. Gibson fled but was captured about 15 miles south by two Bunton county deputies as Vinton firefighters contained the blaze.
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