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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 07, 1972
Page
19
New York markets closed narrowly lower as the Dow Jones average slipped to 934.21 amid light trading. Analysts cited offsetting data showing unemployment improving while wholesale prices rose, with profit-taking contributing to a small gain for some stocks.
Ups and downs preweekend caution with modest selling pressure. Monroe Equipment led activity on the Big Board after a block trade of 36,200 shares, GE edged higher after strong earnings, Sears Roebuck fell 3 percent, and the Dow fell about 16 points while the Amex index slipped to 27.39. In Chicago grains, soybeans slipped on old crop futures while new crop gained, with wheat and corn showing mixed moves as July contracts fluctuated.
Cedar Rapids market notes show hog prices down 25 cents with receipts ranging 200 to 1230 pounds while Wednesday’s farm delivered packer prices run 28.25 to 28.50. The report also lists New York and Des Moines stock quotes, grain futures, and livestock bids across multiple markets, including Iowa and Nebraska feeders, with extensive price ranges and opening bids for late February trading.
City briefs note a Heath Center board meeting Monday noon in the health center Paul Building meeting room at 400 Third Avenue SE. Moose Lodge advertises a Swiss Steak dinner with salad bar Saturday from 5 to 8 PM. Also Hawkeye Labor Council AFL-CIO holds a special delegate meeting Monday at 7 PM at IBEW 405 building 1211 Wiley Boulevard SW. Garage sale at 611 Grant Wood Dr SE. Cadar Christian Church hosts a Cream Social on July 7 at 3 PM. Haunted Mouse at 200 2nd Ave SW offers monsters and creatures weekdays and weekends 7 to 12.
Vice President Agnew criticized the federal Legal Services Program for lacking central direction and clear policies while reiterating support for providing legal help to the poor. He warned that resources sometimes go to broad social fights rather than aiding individual clients, and urged a focus on serving low income, as President Nixon desired.
A fragmented market note shows Chicago produce price levels with mentions of crates and quantities. It references large quantities and per dozen rates, hinting at overall supply trends without clear itemized listings.
SALT LAKE CITY AP Elder Harold Lee a former city official principal and businessman was named president of the Church of Jesus Christ of Latter-day Saints. Elder N Eldon Tanner 74 was named first counselor and Elder Marion Romney 74 counselor in the First Presidency. Elder Spencer Kimball 77 becomes president of the Council of Twelve and next in line for the presidency. Le s is the churchs youngest president in 40 years and succeeds Joseph Fielding Smith 95 who was buried Thursday.
Jamey N. Gillman of the Iowa State Bureau of Social Services told Ling County Associated Groups of the Elderly that a 20 percent Social Security boost will reduce Old Age Assistance payments equally. OAA payments supplement Social Security, pensions, and other income, with total Iowa grants around 117 dollars monthly and potential rise to 122 on August 1 pending SSA details.
Twenty trustees met at the Hoover Presidential Library and site to merge the Herbert Hoover Birthplace Foundation with the Hoover Library Association. The surviving body will be the Birthplace Foundation, an Iowa nonprofit, while the Association is a DC corporation. new officers include Duane Arnold president and Robert Goodwin vice chairman, with elected trustees and attending U.S. Senator Jack Miller.
Hiawatha city council approved a $48721.90 contract to Kutchera Construction Co. for road repairs not assessed to property. A special Monday meeting was set to discuss 1971-72 street improvements assessed to property owners. The council also delayed action on the new city code until July 19.
A Parnell man and a California man were injured early Friday when their northbound car on highway 142 missed a curve at the junction with highway 6 three miles east of Marengo and went into the north ditch. Harold Weing, 34, Parnell, and Charles Flood, 16, Lakewood, Calif. were reported injured.
Ray Nomes Riley takes helm of the U N Day Unit in Des Moines. Gov. and state officials comment on his appointment as chaos follows a traffic incident near Independence injuring Mrs. Robert Williams and her 11 children, while plans for the United Nations observance in Iowa proceed at the parish center.
Miami AP report says Circuit Judge Gray Crawford will hold persons in jail for a few hours to cool down after disturbances at the presidential conventions. Low bonds were recommended by Public Defender Philip Hubbart during a strategy briefing at the courthouse.
DES MOINES IA Jews commerce commission reports strong progress in utility regulation and other areas after July 1963 to July 1974 period. In past year seven utility rate cases produced 31 million dollars in refunds to utility customers. Public hearings shaped fair outcomes for both companies and consumers as commission aims to attract capital and maintain service quality.
A 1 year old Hiawatha boy was arrested on a warrant for assault with intent to inflict great bodily injury after allegedly holding an 11 year old Coggon boy and lighting him with a cigarette lighter. The Hiawatha youth was released to his parents and the case referred to juvenile authorities. The Coggon youth was arrested and released Wednesday.
Craig Fine of 2020 First Avenue waives preliminary hearing in municipal court and is bound over to the Linn Grand Jury on a charge of operating a motor vehicle without the owner's consent. Public defenders plan to seek bonds. proposed bond amount stated as $182, with reference to a July 4 arrest and property valued under $50.
In Belfast, an 18 year old Protestant, Samuel Robinson, was fatally shot as a car detoured to avoid a street obstruction. Police called the killing senseless amid Northern Ireland's waves of violence. The attack raises the death toll to 402 in three years of conflict since a ceasefire declared ten days earlier. A bomb near a Catholic church and school preceded a volley of gunfire, marking the first major blast since the truce.
One of the Bean quintuplets born June 10 to the wife of an American radio engineer died Wednesday night at Frankfurt University hospital from a breathing difficulty eight days after birth. The four other babies Karen Helga Evelyne and Harry were healthy. The mother, German-born, was released from the hospital June 29. The father, Harry Bean, 44, works for the American Forces Network in Frankfurt.
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