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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 26, 1976
Page
2
New York AP report states the stock market fell slight ly on Monday with the Dow Jones 30 at 990.58 down .33. Losers led gainers 5-4 on the NYSE as volume stayed quiet at about 9.24 million by mid afternoon. Early buying followed the First National bank announcement.
The AP lists NYSE issues with largest gains and losses by percent change, noting net moves from yesterday's close. It highlights Gulf States Utilities leading active gainers, and Am Shipbuilding, IDS Royalty Trust, Benguet Copper, and others among the top decliners, with broader market indexes slipping mildly.
The Cedar Rapids hog market Monday held steady with prices for bulk country and plant delivered butchers 200 to 230 pounds at 45.50 to 46.00 dollars. Packing sows around 300 pounds traded 38.75 to 39.25 dollars. Heavier weights saw incremental declines of up to 75 cents per 10 pounds beyond 270 pounds, with packers also reduced in higher weight ranges up to 600 pounds.
Four armed masked men raided the labor ministry accounting office in downtown Rome tossing tear gas at five workers preparing pay envelopes. They fled by car with 464 million lire valued at about $556,800. Police report the robbery occurred shortly after the ministry opened.
Linn County Democratic chair Rita Huber accuses Marion ward committeeman Frank Reynolds of conflict for backing Lt. George Ferris, an independent. She warns Reynolds to resign or face committee action as by laws condemn division amid a sheriff race that pitted Orlie Workman against Ferris and Grant.
Traffic accidents Sunday and early Monday injured three persons all treated and released. Kenneth G. Martin, 18, of 4609 Council street NE, suffered a motorcycle mishap at 46th and Council NE at 1 15 a m Monday and was treated at Mercy hospital. Robert D. Whitney, 32, of 1030 Eighth street NW, was injured at 3 p m Sunday at Williams boulevard and Fifteenth street SW after his motorcycle overturned on oil and slid 40 feet. treated at St Luke s hospital. Timothy Keiper, 27, At kin, was hurt in a two car crash on Blairs Ferry road NE near North Towne Lane at 12 45 p m Sunday. Keiper treated at Mercy hospital.
Cedar Rapids briefs list Navy personnel James E. Wilson 24 of 2114 K Street SW joining Dwight D. Eisenhower precommissioning unit at Newport News Virginia. Also Army Pvt David Toomer 19 of Lone Tree and Maurice Toomer Iowa City assigned as combat engineers at Fort Ord California. Various local notices include stolen items and community events.
Tehran AP reports heavy rains caused flash floods in Kerman district in south central Iran killing 14 people. Ayandegan notes a large southern region inundated while other areas suffered damage but no casualties reported.
On this date in 1941 General Douglas MacArthur was designated World War II commander of United States forces in the Philippines, marking a pivotal appointment as tensions rose in the Pacific region. He would soon lead American and Filipino troops in early wartime actions.
Independence reports three accidents on Buchanan County roads over the weekend. Vernon Weber 48 of rural Winthrop was injured when his eastbound pickup ran a stop sign and struck an embankment. he was moved to Schlotz hospital in Waterloo in good condition. Michael Allen 18 of rural Winthrop suffered major internal injuries after losing control on highway 20 and was in ICU after surgery. passenger Pat Connelly was hospitalized for observation. A second two car crash near Jesup involved Robert Grishaber 39 of Walker and Diane Mangrich 17 of Jesup. Grishaber cited for failure to yield.
Two rural Oelwein boys, Jeffrey 11 and Jerry 14 Buehler, were struck by a car while riding a trailbike two miles south of Westgate. Both were taken to Mercy hospital Cedar Rapids with cuts, bruises, and fractures. Jerry suffered a fractured pelvis, Jeffrey head injuries and a left leg fracture. Charges include failure to yield, no registration, and permitting an unlicensed rider.
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