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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 15, 1977
Page
20
The Dow Jones noon averages show mixed moves as industrials edge higher while transports and utilities retreat. In a sprawling price list, many blue chips report varied gains and losses with several major names highlighted by notable percentage changes.
In heavy trading, the Dow lost 0.43 to 902.56 while gainers led losers 43 to 40 on NYSE. Teledyne tumbled to 61 7/8 as volume reached 20.01 million. NYSE composite rose 0.10 to 54.80. AMEX index gained 0.32 to 122.97 amid the blackout recovery days.
The Cedar Rapids hog market Friday showed no trend and did not release prices. Thursday's prices for 200 to 230 pound butchers were 45.50 to 46.00, with sow prices around 37.50 to 38.00 for 300 pounds. Futures on the Chicago Mercantile Exchange listed steady cattle and hogs with specified weight ranges and prices.
Prices for Cedar Rapids and Davenport markets show old crop corn at 2.04 to 2.02, soybeans around 6.45 to 5.89, oats at 1.17, with new crop trends mixed. Des Moines reports note beef and pork trade slow, with varied quotations across hogs, cattle, and lapsed sales.
About 100 stockholders of Iowa Electric Light and Power did not receive their dividend checks this week along with 28 000 others but an IE spokesman said the checks have been mailed. He added roughly 100 letters were misplaced at a Chicago bank but have since been found and should be received within a day or two.
James Earl Ray remains jailed after a judge refused to dismiss an escape charge. Ray, seeking to avoid the charge, testified about alleged pressure to plead guilty to King assassination. he denies shooting King and pled innocent. Ray is serving 99 years for the Dr. King murder.
ANAMOSA A contract agreement has been reached between Jones county employees and the supervisors. SECO said the bargaining unit won a 5 percent salary increase retroactive to January 1 and 5 percent raises on July 1 and January 1, 1978, for secondary road workers and clerical staff but not sheriff's deputies or county home employees.
Cedar Rapids brief notes Richard Foerstner of 8 Glendale Terrace Iowa City has filed nominating papers for director district No. 3 of Kirkwood Community College board, a post he presently holds. Other items include local sales and notices of theft vandalism store ads and service announcements.
An inmate from Anamosa's men's reformatory who escaped a work camp nearly a year ago was recaptured in East Moline Illinois and returned to the reformatory. Terry Jackson 24 formerly of Milan Missouri was missing since July 18 1976 after failing to return to Luster Heights near McGregor. He was serving a 10 year term for a breaking and entering conviction in Scott County and entered the reformatory on July 12 1975.
Gov. Ray appointed Robert Fulton and Mary Louise Smith to six year terms on the commission and Elwin D. Farwell to fill an unexpired term. Fulton is a Waterloo attorney and former Democratic lieutenant governor. Smith has led the Republican national committee. Farwell presides on university and Norwegian-American boards.
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