Stocks Hit Broad Decline On Inflation And Rates
New York stocks fell sharply amid inflation and higher interest worries. The Dow Jones average stood around 43.63 and major shares like Xerox tumbled after announcing its exit from the mainframe business. Trading remained active with notable declines across the tape and indexes dropping.
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New York
Mattec
Dows JL
New York Stock Exchange
Xerox
Cedar Rapids hog market steadies with mixed price moves
The Cedar Rapids hog market Tuesday held steady with Monday’s prices for delivery lots varying by weight. Buyers reported higher bids for sows and lighter cattle while larger cuts faced discounts, and the day included regional livestock quotes from Waterloo, Omaha, Webster City, Joliet and New York during market coverage.
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Cedar Rapids
ToRsdov
Win Uri
Webster City
Contro
Grain Prices Fluctuate as Futures Open Strong then Slip
Grain futures opened firm in Chicago on Tuesday and weakened through the day. Wheat rose to July 3.86 a bushel while corn oats and soybeans partly retreat from Monday’s levels. Wheat led gains, with soybeans ending slightly higher and corn and oats down from earlier highs amid selling pressure.
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Chicago
Soviet Union
Chicago Cash Grain
Sheep Die in Lightning at Bavarian Ski Area
Lightning struck a hillside in Garmisch Partenkirchen killing about 50 sheep during grazing near a mountain ski resort. On this date in 1933, Wiley Post completed the first round the world solo flight in the Winnie Mae in two planes.
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Garmisch-Partenkirchen
West Germany
Bavaria
Wiley Pout
Winnie May
Benefits Hike for Disabled Vets Nears Vote
Washington AP reports a Senate House compromise bill would raise disabled veterans benefits by 10 to 12 percent, double Ford administration requests. Senate vote planned soon after House action, with Aug 1 effective date and increased widow compensation. Also boosts annual clothing allowance for veterans using artificial limbs.
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Washington
House
Vance Hartke
D- Ind
Senate Veterans Affairs Committee
Senate
Detained U S Tourist In Laotian Police Case
An American tourist held 12 days in Vientiane without charge after suing a taxi driver over 33 cents, with American authorities confirming the detention. Another American, Rosemary Conway of Chicago and Las Vegas, has been detained since June 4 on unclear accusations tied to the CLA, both denied by her and the U S mission.
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Vientiane
Lives
America
Rosemary Conway
Chicago
Las Vegas
Jhune 4
CLA
Cedar Rapids Death Notice and Local Briefs
Death notice reports Mrs. Robert Muhrbacker, formerly of Cedar Rapids, died Sunday in Long Beach California. sister La Rue Ford named. The page lists assorted ads and notices including a boat motor theft, car damage, promotions, and public notices with named streets and residents in Cedar Rapids and nearby areas.
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Long Beach
Calif
Robert Muhrbacker
Cedar Rapids
LaRue Ford
Maplewood Drive
Exotic Cache of Confiscated Arms Shocks Agencies
WASITINGTON APL treasury department says 11S customs and other agencies have confiscated a bizarre arsenal of smuggled weapons. Items include a pipe shooter fired by teeth and a dagger disguised as a money clip. Wisconsin officials found a dagger and the FAA uncovered a toothpaste tube knife. Motorcycle weapons include a flare gun disguised as a fountain pen and altered handlebars with shotgun shells.
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Wasitington
APL
Treasury Department
Customs
James Bond
Wisconsin
Federal Aviation Administration
Custom Service
Banks of Iowa To Purchase Control of Sioux City Bank
Banks of Iowa Inc plans to pay 61.51 per share for 104 281 shares of First National Bank in Sioux City, about 8.5 million dollars for 95 percent of the stock. The move awaits Federal Reserve approval with a follow up tender offer at 81.51 per share. First National Bank had assets of 122 036 503 as of June 30 while Banks of Iowa held 564 455 132. Banks of Iowa already controls several banks and seeks further stake in Key City Bank and Trust Co Dubuque.
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Banks of Iowa, Inc
Stack Af First
National Bank
Sioux City
Sioux City Bank
F. Forbes Oberg
Banks of Iowa
Gilbert C. Swenson, Jr
Omaha
Board of Governors
Federal Reserve System
Firs National Bank
First National Bank
Banks of
Iowa
Demos Top GOP In Baseball Game
In Baltimore the Democrats snapped a long losing streak in the Roll Call U S Congressional Baseball Game edging the Republicans 3 to 2 in the 14th annual contest. Rep Martin Russo drove in the decisive run after a dramatic late sequence.
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Bill Frenze
R-Mina
Russo
Frenzel
Cyprus Says Plot Targeted President Makarios Foiled
The Eleftheros Laos newspaper in Nicosia reports a plot by Greek army officers and others to assassinate President Makarios was foiled. It says the plan failed when uncovered by lime and due to nonparticipation by other Greek officers in Cyprus. Five unnamed officers linked to the Greek junta were recalled from Greece in the past two weeks where they are expected to face action.
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Nicosia
Cyprus
Makarios
Eleftheros Laos
Greece
C R Man Arrested On Gun Violation
Timothy Jon Weaver aged 19 of 165 Oklahoma avenue SW was arrested Monday on a charge of manner of conveyance after police found a loaded shotgun in his car in the 400 block of B avenue NW. Officers stopped the car driven by Weaver after responding to a report of a man with a gun yard. In open view several guns including the loaded AIM gun were found.
MENTIONED IN THIS ARTICLE
Timothy Jon Weaver
Oklahoma Avenue SW
B Avenue NW
Weaver
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