Stocks Close With Decline Amid Rate Concerns
The market ended its worst week of the year with a broad decline as investors faced lingering rate outlook worries. Trading was light and the Dow Jones average fell 6.18 points to 834.98.
26 Jul 1975
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 26, 1975
Page
1
The market ended its worst week of the year with a broad decline as investors faced lingering rate outlook worries. Trading was light and the Dow Jones average fell 6.18 points to 834.98.
Friday and Saturday livestock prices shown for Cedar Rapids Joliet Des Moines and Omaha markets with hogs 210-240 lb at 55.50 to 56.50 dollars per cwt and sows 300 lb down around 49 dollars. cattle and calves trade mixed with steers and heifers up to 1.00 higher in Des Moines and Chicago reports. beef and pork prices,Eggs and butter quoted in New York Chicago and Des Moines markets with several price bands and delivery notes.
Webster City AP notes Friday activity with limited cattle, hogs tested poorly. Butchers steady to lower with prices 56.75 to 57.00, sows at 51.00, 300-400 lb at 50.50, 400-500 lb at 50.00, over 500 lb at 49.00 to 49.50, and butcher boars 47.00 to 48.00.
Ford Motor Co recalls 49,740 Econoline vans and heavy duty light trucks over a possible brake power loss due to a loose bolt in the front brake assembly. About 400 vehicles could experience reduced front braking while rear brakes remain effective. The recall affects models E-250 and E-350 and 1-250 and 1-350 with heavy duty front brakes.
Costa Rica AP report quotes Mexican Foreign Minister Emilio Rabasa saying 14 votes, the two thirds needed, are lined up for a draft resolution to end the Cuba embargo. He expects sanctions to be lifted next week at a second special OAS conference after a treaty amendment signing at this session.
Ball Corp launched an internal investigation and asked the FBI to search several states for missing jar lids amid reports of a growing home canning equipment black market. Ball cites fewer than one million lids missing, while the Muncie Star claims up to 30 million may be involved in internal theft and illicit trade.
Four people sustained minor injuries in separate traffic crashes Friday and Saturday. Kristin Boynton and Kent Hiland were treated and released at St Luke's hospital. Shawn Jones faced reckless driving charges. A child cyclist, Drew Tiedtke, was injured on Midway drive with no charges filed. Jeffrey Frankel suffered minor leg injuries after his motorcycle hit a tree. he was charged with failure to maintain control.
Greenville Mississippi reports five deaths from encephalitis and 55 confirmed cases statewide in a month. Mosquito spraying continues around the clock as officials seek to control the St Louis strain.
Three Iowa workers Leroy Meppelink Charles Williams and Thomas Dunsmore pled guilty to illegally receiving unemployment benefits. Meppelink from Tama County received 908.35 across six counts with suspended jail and one year probation on repayment. Williams from Scott County admitted to dual state benefits and faced a 15 day sentence suspended with repayment of 160 dollars. Dunsmore from Mahaska County was fined 100 dollars on five counts.
State officials doubt many Iowans will use the new postcard registration before next year as legislators plan a quick fix. The flaw requires notarized forms due to using affidavits instead of certified documents. Notarization slows the process. registrants may instead register in auditor offices. Forms must reach county auditors 25 days before elections.
Los Angeles Times reports three Nixon staffers are paid from his private funds to keep him eligible for a $96,000 federal allotment. Lt. Col. Jack Brennan, on temporary duty at Camp Pendleton, has spent much time assisting Nixon. Brennan will join Nixon’s payroll after July 31, replacing Rose Mary Woods who will retire on about $27,500 a year.
Rear Adm. Thomas Klakring, 70, a World War II veteran awarded the Silver and Bronze Stars a Presidential Unit Citation and three Navy Crosses, died Thursday at Balboa Naval Hospital in San Diego California AP report.
Gregg A. Evans, 19, of 1210 Third Street SE, faced five motor vehicle charges after police chased his motorcycle for four blocks at speeds up to 50 mph. He was held in county jail in lieu of a $625 bond. Gary Robinson, 1723 Sherbrook Drive NE, the motorcycle owner and passenger, was charged with permitting an unlicensed person to drive.
The Cedar Rapids Gazette publishes legal notices on city governance including a home rule charter proposal for Iowa city limits, elections, council structure and powers, plus appointments and duties for a riverfront improvement commission and related municipal actions.
In the probate court of Iowa the estate of John F Black is administered with executor Ferry Lock named. Creditors and heirs are notified to present claims within the six month period allowed by law and to file proof of claims with the clerk of the court.
In the matter of the estate of John C Hman deceased a probate court notice states that on the 15th of July next will and testament were produced and that John S Homan is executor. He requests any claims against the estate be presented within the six month period as prescribed by law. Creditors are urged to present demands and the public is informed of the proceedings. The notice is dated July 1975 and issued by the clerk of the district court Iowa.
In Linn County Iowa Edith Agdelene Burke executor seeks to set aside a will for the estate of Magdelene Burke. Creditors and interested parties are warned to file claims with the district clerk within required months after second publication or be barred. The notice appears dated July 1975 and signed by the executor and attorneys.
Notice of incorporation for Maurice T Breen Co a professional public accountancy firm under Iowa Code 496C75. Charter issued by Secretary of State Cedar Rapids Iowa with perpetual existence. Directors Breen Stirmiman Glass Bourke Breen and others listed. registered agent Maurice T Breen executive suite Cedar Rapids.
Notice to creditors and interested parties regarding the probate of the will of Wayne Everett Hamilton deceased. The Iowa district court issued letters testamentary appointing Russell Hamilton as executor. Publication dates July 21 1975 and August 2 1975 in Cedar Rapids Iowa with attorney Hazette Hendrickson and Marner representing the estate.
Probate notice appoints Donald T Peck as administrator of the Emi Peichl estate. Creditors must file claims with the district court within six months from publication, legally authenticated. Attorney James L Chipokas represents the administrator. date August 2 1975.
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