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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 28, 1972
Page
17
Morning trading showed small gains across several indexes with Apple, General Foods, and Dow components moving cautiously. The Nasdaq and Amex held steady as investors awaited further cues while pharmaceutical and tech shares showed uneven performance.
Chicago and trading desks report soybeans up two cents early on Friday then slipping from highs as government acreage estimates spark rebalancing. Wheat and other grains show mixed moves while livestock futures edge higher with ongoing market chatter from big players and banks.
City briefs note proof sets at nine dollars and eight dollars with references to Tean's Visit and Dan Downing at nineteen street G2. Mentions Dean named to show Tean's It at the University of Northeen Col rain Greeley. Farm Bureau Health Plan approval and protection details appear with contact numbers. An odd ad line muses about love on Halloween with a stray remark about India.
A Packing Company officer, 46, was elected to the board of Tow Banks alongside other executives. The recipient, a Maine native and Hamilton University graduate, has held roles in hospital, farm bureau, and insurance circles and is noted for leadership in several statewide organizations. The board declared a quarterly dividend of 21 cents per share, with records as of late February.
Lary Vavra John B Wallers and Vinewst Kubower were re elected for three year terms as directors of Bolie mian Savings and Laan Assi at the annual meeting. Officers were re elected, including Theodora L Kubleek as president Milton ft Langer as vice president and secretary John Vasatin as executive VP and secretary Louis Melsha as treasurer Leonard J Karasek as VP loans and assistant secretary Randall C Bray as VP marketing, Betty Staska promoted to savings account executive Lois McNiel to bookkeeper. An increase of 6 208 000 in assets in 1971 was reported, savings and loans totals rising to 54 508 804 00 and 49 263 000 respectively.
Senator George McGovern released a personal finances report listing assets of 327,1600 and 410,100 in income. He urged all Democratic presidential hopefuls to disclose their holdings and said he would publish yearly updates. His statement noted total assets of 353,200 and utilities of 81,000, with main holdings including a 11,000 plane in Washington and home in Michigan.
Legal notice outlines public hearings tied to a juvenile court matter. It lists parties Beale Terrell Atkins and others, with court actions, dates, and required representation, indicating a formal legal proceeding and associated deadlines. The document references involved attorneys and municipal authority guiding the hearing.
In Los Angeles and Orange counties a program employs ex-convicts to deter crime, a expansion of a 21 month pilot in Santa Ana aiding businesses. Store managers report improved security and fewer incidents as workers with prior convictions assist in preventing holdups and train others.
Prices paid on cattle pork and veal varied by grade and condition. Beef and pork values ranged from 27.80 to 287.75 per hundredweight with deliveries to packers. Packing goods and hides noted, reflecting market conditions and weights for the week.
New York banks move to reduce floating rates, lowering to 6 percent from higher levels effective May. Major banks such as First National City Bank and Irving Trust Co. announce reductions, with prime rate easing from 4.5 percent since 1965 and others expected to follow.
Linn County supervisors formally accepted the county budget of 11 207 77 for 1972 as proposed. The general operating fund totals 8 191 939 with 2 547 200 raised through taxation. The remainder includes 470 000 transferred funds and 244 606 59 in a reserve. the tax revenue is described as substantial.
A Chilean judge cleared congressional action against Salvador Allende ally Teena, allowing the defense minister to remain in the cabinet. The ruling affirmed earlier constitutional guarantees and cleared the way for the reappointment of trusted cabinet members amid the Socialist government.
DES MOINES In 1571, regular unemployment payments by jobless workers were offset by taxes paid by employers into the unemployment insurance trust fund, James I Klein announced. Unemployment payments rose 214 percent from 1970 to 1977, driven by more weeks paid and higher average weekly benefits, with the trust fund growing from 122.7 million to 100.4 million by year end.
Leonard Wourvouk, head of United Auto Workers, personally backed Senator Muskie on Friday, calling him the strongest and best choice in 1972 for the Democratic nomination and presidential race.
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