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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 24, 1976
Page
16
New York stocks finished the week mixed after a hoped for cut in the bank prime rate did not happen. The Dow slipped 0.17 to 990.91, with gainers slightly outpacing losers 4 to 3 and NYSE volume at about 15.87 million shares.
Des Moines reports varied meat bids with beef steady to lower on steer and cow cuts, hogs mixed, and egg prices rising modestly. Plant slaughter schedules extend weeks ahead while farm flock values show steadiness. movement to consumers remains strong and supplies constrained for some grades.
Chicago trading saw soy bean oil futures fall the daily limit of 20 cents before buying support and short covering propelled the market to close 20 cents higher. August soybeans touched 6.60 while wheat oats and corn posted gains. corn around 2.83 September. Livestock and wholesale dairy prices also noted in Des Moines and New York reports with varied shifts in demand and price levels.
A mobile home at 1834 Gretchen Drive SW Cedar Terrace park burned Friday afternoon. Jerald Oliver said a roast in the oven led to the blaze which started in the stove. no injuries were reported as civilians escaped and firefighters controlled the fire.
The Salvation Army Men s Social Service center will hold an antique auction today at 11 a.m. at 2920 First Avenue SE with a youth group running a refreshment stand. Proceeds fund the self supporting men s center program and the sale is expected to run until about 2 p.m. Also noted is the birth of Simon Bolivar in 1783.
A retirement couple seeks guidance on holding or selling local film stock, choosing bonds with different ratings, tax exempt bonds versus taxable income, E and H bonds, and calculating a loss on stock sales. Sam Shulsky offers tailored responses highlighting income needs, tax considerations, and trading costs.
In Houston Texas Judge Pat Gregory refused to replace Howard Hughes closest living relative as temporary administrator of the Hughes estate. The ruling allows Merrill Lynch to inventory assets estimated between 600 million and 2 billion and stems from motions by Noah Dietrich and others alleging mismanagement by Annette Lummins and her son William Lummis.
The Riviera Express left the Simplon tunnel and careened off a curve in the Alps killing six and injuring 34. An electric locomotive and eight cars derailed, tearing up track and power lines on the Italy to Germany night route. Swiss rail officials cited excessive speed but offered no cause, with the engineer among the dead.
Dr James N Ingle son of Dr Newell G Ingle of Cedar Rapids joins Mayo Clinic Rochester as consultant in medical oncology and Mayo Medical School instructor. He previously was a resident physician at Johns Hopkins Hospital.
Federal agents raided homes of seven New Jersey citizens band radio operators, seizing about $10,000 in equipment. The FCC silenced operators using more than four watts or linking beyond 150 miles, some stations reportedly transmitting over 1,000 watts to California. No arrests. potential fines and license revocation loom as investigations continue.
Four defendants in the First Avenue division pled guilty to drunk driving and were fined 300 dollars plus costs each. Other defendants faced guilty pleas with suspended jail or deferred sentences, including assault charges and a heroin possession case. A theft and a property damage charge were also resolved with dismissals or deferred action.
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