Market Slide Deepens as Inflation Fears Grow
The New York stock market fell broadly on Monday with light trading. The Dow was down 7.98 points at 826.11 by 2 p.m. and the NYSE composite slipped 44 to 47.43 as investors faced higher rates. Texas Instruments fell 1.44 to 99 after weak Q2 earnings. The nation posted a June trade surplus of 1.74 billion, but markets largely ignored the data.
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Iowa Stock Market Report Highlights Mixed Day for Stocks
New York stock prices show varied performance with notable names such as Shell and Texaco moving. AP reports U.S. market activity including gains and losses across multiple sectors, reflecting ongoing volatility and investor reaction to quarterly results.
Cedar Rapids market reports and weighted beef prices
Prices paid Saturday for bulk country and plant delivered butchers weighing 210 to 240 lbs ranged 56.00 to 56.50 with variations by grade and condition. Packing sows near 300 lbs fell 49.00 to 49.50, while over 240 lbs saw discounts per 10 lb increments. Parkers faced weight grade adjustments from 200 to 360 lbs and higher.
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Des Moines Market Reports on Sheep and Cattle Prices
Des Moines and nearby markets report Monday prices in sheep and cattle trading. Notes show receipts, price ranges for slaughter, feeder, and sow weights, with quotes across various packing plants and regional markets. Market activity indicates generally steady demand with mixed price movements, plus regional dairy and hog price updates.
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Wes Des Moines
Martel Rews
Ox Shell
Grains Hit Limit as Weather, Exports Spur Rally
Chicago led a broad market gain as major farm futures closed limit higher amid dry weather and strong export prospects in the Soviet Union. Wheat, corn, oats, and soybeans all posted substantial increases with prices near their daily caps and specific nearby contract gains reported. A Cedar Rapids near drowning and a separate overdose death in Linn County also appeared in the day’s notes, with rescues at Beverly Quarry and details on Christine Tallhman’s reported overdose.
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Soviet Union
C.R
Christine Ann Tallhuim
Central Drive
Tillman
Linn County
Des Moines
Turner Chapel West
Five Arrested in Pot Possession Incident at City Lot
Judy Trotter Feickert, 16, of 12284 Fifth Avenue SE, and Michael C Johnson, 14, of G2 Thirty Second Street NE, along with three juveniles, were charged with possession of marijuana after police found them unconscious in a car parked in the 300 block of First Street SW. Feickert faced additional charges for prescription drugs. Two juveniles were 17 and one 15. one 17-year-old had escaped from Waterloo police, and another from Eldora. Officers noted the occupants needed assistance into patrol cars.
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Judy Trotter Feickert
Fifth Avenue SE
Michael C Johnson
Second Street
First Street
Folie
Eldora
Waterloo
Feinkert
Two Men Charged With Drunk Driving in Linn County
Two men were arrested over the weekend by Linn County sheriffs deputies and charged with drunk driving. Ricky K. Mark, 19, of 708 South Twelfth Street, Martin, was arrested one mile north of Hiawatha on Highway 1F1D. Clarence L. Staton, 32, North Liberty, was released on bond after being arrested on Highway 4 near Covington.
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Linn
Linn County
Ricky K. Mark
South Twelfth Street
Martin
Hiawatha
Clarence L. Staton
North Liberty
Covington
Garden plots in Manhattan area to gain access after hours
Parsons rents city garden plots in Manhattan area will be able to leave crops this week after a Friday incident when gardeners were turned away due to road resurfacing on Ellis Road NW. City Engineer Jon Janda said access will be provided from the east end of the road after working hours for gardeners.
Six Cedar Rapids residents injured in weekend accidents
Six Cedar Rapids residents suffered injuries in six weekend traffic accidents. Names include Timothy John Weiland 18 in Mercy ICU after a cycle collided with a car near Wilson Avenue SW. Carolyn L. Kelly 28 charged with failure to signal. Elizabeth Ensign 75 fractured vertebra after a one car crash. Cherie Thomas 16 treated and released after a collision on Wilson Avenue SW. Patricia Skeesick 21 treated after a motorcycle spill with George William Dean 21. Kristine Duval 21 treated after a rear end Sworfar crash on highway 350. Diane Borst 20 treated for foot injuries after a motorcycle crash. charges listed for several drivers.
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Cedar Rapids
Timothy John Weiland
Deborah Drive
Mercy Hospital
Weiland
Wilson Avenue
Carolyn L. Kelly
B Avenue NE
Slanal
Elizabeth & Ensign
Ely Avenue
St. Luke's Hospital
James
Oakland Road
Thirty-second Street
Cherie L. Thomas
Deborah
Patricia Skeesick
Elaine Drive
St. Jake’s
George Wiliam Dean
Bever Avenue
Fifth Avenue
Tenth Street
Kristine Suzanne Duval
Second Street
St. Luke's
Dyvad
Paul Jackson Scherrer
Bon B Avenue
Diane Kay Borst
Daniel Raymond Borst
Twelfth Street
Rabbit
Rose Cuetral
City Briefs Corrections and Community Notices Update
Gazette corrects Friday report that 323 worth of camping gear vanished from Buffalo Creek park. Items were taken from the creek banks, not the park. Various ads note services, events, and local business notices across Cedar Rapids area, including salons, travel, bowling, sales, and church activities.
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Buffalo Creek Park
Four Eastern Iowa men sentenced in mailbox wreck case
Anital Vintan man and three friends were sentenced or placed on probation in Cedar Rapids federal court after pleading guilty to taking part in a mailbox destruction spree in Linn and Benton counties. They admitted wrecking more than 30 rural mailboxes on May 28 and agreed to restitution. Naylor received an indeterminate sentence under the federal youth corrections act, while the others received suspended prison terms and 18 months probation.
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Anital Vintan
Cedar Rapids
Ederal
Linn
Benton
Iowa
Walker - Allen Naylor
Route Three
Vinton
Edward J. McManus
Naylor
Federal Youth Corrections Act
Ashers
Suanenden
Craig Murphy
Center Point
Wayne Baker
Lol
Urbane
Michael Chamberlin
Route Two
Trial Begins in Cedar Rapids Credit Card Theft Case
Trial opened in federal court as Elizabeth Ashfara a Cedar Rapids postal worker faces mail theft charges. An indictment accuses her of taking a Bank Americard card addressed to Charles Ashford and using it later in the year 1974 and 1975. The defense argues the government relies on circumstantial evidence and cannot prove elements.
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Cedar Rapids
Elizabeth Gail Ashfara
Mark Townelane
Bank Americard
Charles Ashford
Miss Ashford
Kntil Marek
Plans Made For Repair Of Bridges In Center Point And Walker
Center Point and Walker officials reached tentative financing plans Monday for repairing bridges including Washington street bridge near Mad Way 150. The county asked for state aid and bake sale ideas as Center Point faces about 30,000 in repairs while county officials propose a 43,000 bridge replacement and 8,500 in repairs on a county road extension. Walker may pay about 2,900 with the county covering street work costs, as debates continue over funding and state takeover of Tray road.
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Lion
Eileen Neenan
Jean Oxley
Bath Center Point
Neenan
Lae Town
Tapairs
Wiyre Beulee
Linn
Hill Harrington
Reuter
Rathe
Central City
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