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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 25, 1975
Page
16
New York stocks fell sharply as investors priced in higher rates. The Dow Jones average dropped about 4 points early and traded lower by midafternoon, with declines outpacing advances two to one amid a broad market retreat.
Market notes from Joliet and New York indicate cattle and hog prices varied Friday with steers 1.50 to 2.50 higher, choice and high choice beef at premiums, and hogs easing slightly. Wheat and produce报价 show mixed wholesale movements and steady fresh pack markets, including butter and potatoes with regional price ranges.
An early Friday earthquake rattled several towns southeast of Naples, sending residents into the streets in panic but causing no injuries or damage, police said.
Chicago soy futures closed at limit higher as news of a weaker Soviet grain crop spurred buying. USDA predicted Russia may need over 20 million tons of grain this year, lifting wheat, corn, oats, and soybeans. Iowa and Omaha cattle and hog markets also featured moderate to steady to lower moves amid slow trading.
A motorcyclist, Mark Sterkowicz, 20, in good condition with leg injuries, was hurt after colliding with a semi truck driven by Alonzo Liddel, 39, on First Avenue. He was riding east on Ridgeside Drive NE and was not wearing a helmet. No charges filed.
Cedar Rapids hog market Friday saw lower activity and varied prices. Thursday bids for country and plant delivered butchers ranged 55.75 to 56.50 per cwt. packers offered 49.00 to 49.50 for 300 lb sows with weights and discounts affecting over 240 and above 300 lb categories. Sheep and wool markets listed with Western prices, while Des Moines reports steady to firm sentiment on grain and meat trade amid light offerings.
Cedar Rapids brief items report AMFM radio and stop watch stolen from a construction site trailer on Prospect Place SW, plus a chaise longue and household items taken from a yard. Other notes include a dean's list recipient at Grinnell College and local garage sale and ad notices from area businesses.
Erle Odegard of 1707 Fifth Avenue SE charged with assaulting Alan Anderson who tried to intervene during a July 11 beating of a woman near Roosevelt Royale hotel. Anderson, of 352 Windsor Drive NE, was not injured. Odegard released on 125 bond for assault and battery.
Steven E. Gilmore of Cedar Rapids has been elected senior grand warden of the Most Worshipful Prince Hall Grand Lodge AF and AM for Iowa at the state conference in Clinton. Gilmore belongs to Mt. Olive Lodge and will serve as the second-highest elected officer. Also noted are local crime briefs: stereo system theft at Vicky Harvey’s Cedar Rapids residence valued at 230 dollars, and a radio theft from a pickup at 648 Eighteenth Avenue SW valued at 200 dollars.
Eden of Towa City was unanimously elected Thursday night to a three year term as director of the Eastern Iowa Light and Power Cooperative representing district four. The election occurred at a Lone Tree High School meeting of REC members in 1975. Eden has served as director since 1971. James Buline of Lone Tree was elected chairman for the business meeting.
Loren M Mulherin 25 of Fairfax faces a drunk driving charge after Linn County deputies arrested him following a report he failed to dim his lights for an approaching patrol car. He remained jailed Friday in lieu of a 500 dollar bond.
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