Stocks Bounce Back After Citi Prime Rate Rise
New York AP report shows stocks turning up after early losses as Citibank raises its prime rate from 6 to 7 percent for business loans. Dow Jones gains 2.35 to 872.73 by 2 pm, with advances outpacing declines 3 to 2 on the NYSE amid improved buying. Government data show lower wholesale prices and unemployment, though officials caution about statistical quirks. NYSE composite up 19 to 50,048. Amex index up 85.02 to 902.90.
MENTIONED IN THIS ARTICLE
NEW York
First National City Bank
New York Stock Exchange
Citibank
NYSE
Annex
Cedar Rapids hog market rises with mixed Iowa prices
Cedar Rapids and regional livestock markets report higher hog values with Wednesday weight based prices for 210 to 240 pound hogs at 42.00 to 53.00 dollars, sows 300 pounds and down around 44.00 to 44.50, and various grade adjustments for weights up to 300 pounds. Nearby notes include fluctuating steers and heifers with mixed bids, and separate markets in Waterloo Webster City Joliet Sioux City and Des Moines reflecting generally steady to firm demand and price ranges across hogs cattle and sheep.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Cedar Rapids
Webster City
Cootvel
Wadnes Aay
Colne
Jolneet Livestock
Joliet
Soybean futures surge to limit up on Thursday
Chicago AP reports soybean futures climbed to the limit and pulled other grains higher. At the close July soybeans rose to 8.24 a bushel, wheat up 1 to 3 cents, corn 3 to 4 higher, and oats 3 to 4 higher for July futures.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers
Bayly
Vals Sas
Vay Tay
Saab
San Sar Sis
Boy Hospitalized After Car Bicycle Accident
Mak J Diers fourteen of 424 Jacelyn Drive NW was in good condition at St Luke s hospital after a Wednesday car bicycle crash at 4 54 p m at Jacelyn Drive NW and Gordon Avenue NW He suffered abrasions contusions and a possible concussion The cyclist failed to yield at the intersection and the car driven by Gary N Haster thirty three of 282 Balee Road NW hit the bicycle No charges were filed In another Wednesday incident Joseph Perry fourteen of 322 G avenue NW suffered minor shoulder laceration and leg injuries in a motorcycle car collision He was treated and released Terry was injured around 3 30 p m when a motorcycle collided with a car at J Avenue and Ninth Street NW Miss Peal thirty three of 1954 Mt Vernon Road SE was treated and released for possible neck injuries The motorcycle was north bound on Ninth Street and the car eastbound on Avenue They collided at an uncontrolled intersection Perry was thrown 5 feet after his head hit the windshield He was charged with a violation of a restricted driver s license
MENTIONED IN THIS ARTICLE
Mak J. Diers
Jacelyn Drive
St. Luke's Hospital
Diers
Jaclyn Drive
Gordon Avenue
Jacalyn Drive
Gary N Haster
Balee Road
Joseph Perry
Ave
Perry
St.Luke's Hospital
Terry
Kathryn Peal
Mt. Vernon Road
J Avenue
Ninth Street NW
Miss Peal
Ninth Street
Deputies Seek Suspect in Cedar Rapids Assault
A 28 year old Cedar Rapids woman reports being abducted at gunpoint after leaving Sambo's on First Avenue SE. Her car was driven to a gravel road east of Springville where she was raped. The suspect, about 6 feet 2, 190 pounds with light brown hair, fled on foot toward Highway 151. The Linn County sheriff's department asks the public for information.
MENTIONED IN THIS ARTICLE
Cedar
Linn County Sheriff's Department
Sherifff Department
Man Arrested On Drug, Cycle Theft Charges
John Larry Walter, 24, of Bever avenue SE, was charged with larceny of a motor vehicle and possession of a controlled substance. He allegedly took a motorcycle from Douglas L. Peacock of Parkcourt SE. The bike was found on Parkcourt BE after Peacock’s associates demanded payment for its return. Walter was located on Second avenue SE and a small amount of marijuana was found on him. He is held in jail on a $10,000 bond.
MENTIONED IN THIS ARTICLE
John Larry Walter
Bever Avenue SE
Walter
Douglas L. Peacock
Parkcourt SE
Parkcourt
Peacock
Second Avenue SE
Bank Reverses Prime Rate Drop
New York UPI reports First National City Bank raised its prime rate to 7 percent from 6 3 4 per cent, reversing a prior drop as Federal Reserve actions slow money supply growth. It is the first increase since January 1, ending a steady decline from last September when the rate was 12 percent.
MENTIONED IN THIS ARTICLE
New York
UPI
First National City Bank
Federal Reserve
Census Takers Sought by City in Cedar Rapids Special Census
Cedar Rapids seeks at least 600 applicants for a special census paid at 20 to 21 dollars daily. Jobs run five to ten days including Saturdays with eight hour shifts, some evenings. Training is paid. Call city personnel office at 398-5000.
MENTIONED IN THIS ARTICLE
Cedar Rapids
U.S. Census Bureau
Outboard Motor Taken from Boat
Alfred Bledsoe 47 of IBDY EB avenue NW reported a 460 dollar 14 foot boat motor stolen from a capsized craft on the Cedar river. His son Jim told police the outboard and a fire extinguisher were missing. the boat had been recovered with motor still attached upstream. Fire department dragging lifts continued for Bledsoe’s body as Mrs Bledsoe and their eight year old son were assisted from the water by a passer by.
MENTIONED IN THIS ARTICLE
Alfred Bledsoe
Ibdy EB Avenue
Cedar River
Jim Bledsoe
Bledsoe
Tire Department
Bleedsoe
Woman Listed Fair After .R. Accident At Cedar Rapids Airport
Sylvella Jacobson, 72, Iowa City, remained in fair condition at St. Luke's Hospital after a two car collision on county road 78 near Cedar Rapids airport. Marilyn Erdman, 31, Solon, was eastbound. Jacobson allegedly lured into path. Erdman treated for head lacerations and released. Erdman charged with expired license. Jacobson charged with failing to yield.
MENTIONED IN THIS ARTICLE
Sylvella Jacobson
Iowa City
St. Luke's Hospital
Cedar Rapids
Marilyn Erdman
Solon
Jacobson
Linn
Erdman
St. Luke's
Term Is Suspended in a C R Forgery Case
Dreina Marleen Derrick of 1527 Eighth Street SW received a suspended sentence of one year in the women’s reformatory at Rockwell City for a January 27 forgery charge after pleading guilty on May 9. Charles D. Conklin of 2128 North Towne Place NE received a deferred sentence of four years on a January fourth forgery charge after pleading guilty May 23.
MENTIONED IN THIS ARTICLE
Dreina Marleen Derrick
Eighth Street
Women's Reformatory
Rockwell City
Charles D. Conklin
North Towne Place
Cedar Rapids News Briefs: July 4 notices and ads
Local briefs list CERT for food stamp certification at multiple centers including Mt. Vernon HACAP and Central City. First National Bank of Marion promotes Direct Deposit for Social Security recipients with no charge for seniors. Holiday ads warn yard work, lawn service, and local sales. Community notices cover library closure, residency completion, theatre ads, and minor crime reports.
MENTIONED IN THIS ARTICLE
Mt. Vernon Hacap
Central City Neighborhood Center
Pam
Center Point City Hall
Hawthorne Hills
First National Bank of
Marion
First National Bank
Tilt Ave
3Rd St
7Th Ave
7Th St
Changes Plea While Jury Deliberates in B and E Case
During jury deliberations in a Davenport breaking and entering case, defendant Daniel James Morelock, 28, pleads guilty to a lesser offense of grand larceny on one charge and to attempting breaking and entering on another. The jury had not yet returned a verdict. Both offenses carry a maximum five year term.
MENTIONED IN THIS ARTICLE
Daniel James Morelock
Davenport
Moretock
Murelock
Obscene Outburst Halts Noel Ridge Park Band Show
Three youths, ages 12 to 16, disrupted a Noel Ridge Park concert after hours. Police arrested them for resisting officers and park trespass as about 75 youths were expelled around 11:30 p.m. A separate incident saw a youth grab a microphone during a Barbara Dow Haines recital. bystanders chased him and he fled on a motorcycle after displaying a switchblade, with no injuries reported.
MENTIONED IN THIS ARTICLE
Noelridge Park
Ant
Barbara Dow Haines
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Sin. Reis
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Conte
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Hertz Urive SE
Telluride Assn
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Ithaca, N.Y
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Peck
Richard Louvar
St. Marion
The
Adv
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Oakland
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Fortieth Street
First Gveque SE
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Lawrence Conway
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United States
Jerome
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