Financial and Market News Shares in Mixed Trend
Prices on the stock market showed a mixed session with the Dow Jones Industrial Average at 720.43, down 1.90 points at 2 pm. Gains appeared early on Israeli cease fire news, with the market rallying before retreating back to the 700 level as investors sold. Volume was moderately active with winners leading decliners about two to one, led by airlines tobacco and building materials while drugs declined.
MENTIONED IN THIS ARTICLE
NEW York
New York Exchange
Israel
U. S
Middle East
Slaughter cattle steady. hogs down and markets mixed
Chicago markets show slaughter steers steady to 25 cents higher with high choice weights near 32.00 while slaughter heifers stay firm. Hog prices vary with fair demand and some declines near 50 cents. Sheep offerings none. Futures mixed as grain quotes reflect a cautious trading session.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Livestock Chicago
USDA
Cedar Rapids hog and cattle prices mixed on Friday report
Market prices show hogs at 50 cents, Thursdays bulk deliv ered butchers 210 to 230 pounds at 23.75 to 24.50, sows around 19.50 to 20.00 for 300 pounds. Different weight grades carry small cuts. cattle listed include steers and heifers with various discounts, plus feed grains and farm items noted.
MENTIONED IN THIS ARTICLE
C.R
Cedar Rapids
Tverenérdis
Torina Ames
Speers
Mellowest Together Ive Ever Seen at Farm Rock Festival
Thousands of sun baked hippies gathered at a rural farm for a rock festival. A security guard identifying as 007 from Chicago police described the crowd as mellow and respectful, while others spoke of togetherness and unrest prevention amid a large, lively event.
MENTIONED IN THIS ARTICLE
Wadena
007
Chicago
Festival Guard
Soybeans and Corn End Higher on Weather Talk
Chicago soybeans and corn futures rallied from early declines to close higher amid weather forecasts favoring crops. Wheat ticked up little, oats edged up, and market activity focused on soybeans with buying and short covering lifting prices. Aug soybeans around 282, Sep corn about 130 1/2, oats near 6.55.
MENTIONED IN THIS ARTICLE
Chicago
Final Loans to Cooperatives for Nuclear Project
Rural Electrification Administrator David A. Hamil announced $15,415,000 loan to Central Iowa Power Cooperative of Marion and $15,125,000 loan to Corn Belt Power Cooperative of Hum— for ten percent ownership in The Duane Arnold Energy Center near Palo. Loans carry no interest, repayable up to 35 years, financing a 550,000 kilowatt plant costing $138 million plus transmission and construction costs. REA support eased Atomic Energy Commission licensing, with permits granted after a June reconvened hearing following earlier $5 million loans.
MENTIONED IN THIS ARTICLE
Washington, D.C
David A. Hamil Friday
Central Iowa Power Cooperative
Marion
Corn Bell Power Cooperative
Hum
Duane Arnold Energy Center
Iowa Electric Light and Power Co
Palo
Washington
REA
Cedar Rapids Man Cleared in Assault and Battery Trial
Justice of the Peace Glenn Powers found Lyle Kurth, 36, of 615 Fortieth Street NE, not guilty of assault and battery after a Cedar Rapids court trial. The complaint, filed by John Jenney of 616 Fortieth Street NE, alleged an incident on May 25 harming his 11 year old son.
MENTIONED IN THIS ARTICLE
Justice of the Peace
Glenn ‘Powers
Cedar Rapids
Lyle Kurth
Fortieth ‘Street
John Jenney
Fortieth Street
Mentzer School Walkway Plan Bypasses Cemetery Property
Marion officials say a proposed walkway from the Mentzer school building to south Marion does not cross cemetery property though it sits about 2 feet west of Oak Shade cemetery boundary. The route will be decided by Marion Independent School Administration and city engineering. Supt Sorensen favors a pedestrian only path, mostly on school property with city work on a section crossing the south dump site. Charles Kremenak says the parks board has not undertaken any construction responsibilities for the Walkway.
MENTIONED IN THIS ARTICLE
Mentzer
South Marion
Parks Department
Scemetery
Oak Shade
Old South
South Marlen
E Marion Independent School Administration
City Engineering Department
Richard M. Sorensen
Charles A. Kremenak
Parts Department
Park Board
Services Monday for Lulu H. Roselle 91
Lulu H Roselle 91 of Marion died Friday morning after a long illness Born July 4 1879 at Clarence married Henry A Roselle June 21 1900 He died August 11 1950 Surviving son Henry H Roselle Riverside Calif daughter Mrs Harold Fertig Marion two grandsons and four great grandchildren Memorial services Monday 1 pm at Cedar Memorial Chapel of Memories officiated by Rev Jean P Hayter Burial Cedar Memorial Cemetery Friends may call at Cedar Memorial noon Sunday and at chapel after noon Monday Casket bearers listed
MENTIONED IN THIS ARTICLE
Lulu H. Roselle
Alburnett Road
Marion
Marwell
Cedar Rapids
Clarence
Henry A Roselle
Nevada
Roselle
Bertram United Methodist Church
Henry H ' Roselle
Riverside
Calif
Harold Fertiow
Tof Marion
Cedar Memorial
Chapel of Memories
Jean P. Hayter
First Presbyterian Church of
City Briefs Servicers at St Pauls Lutheran Church
Monday at 2 pm service led by Rev John D Huber Jr for local American Legion post member Alvin C Meyerhoff hospitalized. Burial at Cedar Memorial Cemetery Street SE followed by visiting hours at St Luke's Hospital and Baxter Memorial chapel.
MENTIONED IN THIS ARTICLE
St. Paul's Lutheran Church
John D. Huber, Jr
Alvin C
American Legion Post
Meyerhoff
Cedar Memorial Ceme Street
St. Luke's Hospital
Baxter Memorial Chapel
Sanitary Sewer Line Break Is Repaired
Residents in the Times Drive and Fourteenth Feet area faced sewer backups after a sanitary sewer line broke on Wednesday. The Public Services Department said storm water entered the line at a manhole, causing basements to flood. Repairs finished Friday, with some water service temporarily curtailed.
MENTIONED IN THIS ARTICLE
Times Drive
Fourteenth Feet
Public Services Department
Contracts Expire Midnight Friday At Two Cedar Rapids Plants
Representatives of Machinists Local 31 and two Cedar Rapids firms met Friday to avert a strike after old contracts expired at midnight. About 300 Goss Co workers would vote Friday afternoon on a new proposal amid wage and contract language disputes. Cedar Rapids Engineering negotiations resumed after nine employees rejected a settlement offer, with wage and language differences cited by the union and company.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Frieday
Goss Co
Tedar Hapids Engineering Co
Marion Group Reviews Year-Round School Options
Marion group discusses three year-round schooling models and a split-shift plan as potential stopgap options. The committee will study options further, awaiting community consent before board approval, noting districts favor one method to address funding and scheduling.
MENTIONED IN THIS ARTICLE
Marion Group
Auayn
Large quake detected near Peru likely Colombia, 7.5 to 8 intensity
A seismic event of very high intensity was recorded Friday by the University of Nevada station. Dr. Alan Ryall reported a Richter reading between 7.5 and 8, suggesting a major quake 2,500 miles southeast of Reno, probably in Peru and likely located in Colombia per Caltech Pasadena observations.
MENTIONED IN THIS ARTICLE
Reno
Peru
University of Nevada Seismograph
Alan Ryall
Seismology
Colombia
Seismograph Laboratory
California Institute of Technology
Pasadena
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Ieee
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Sixth Street
Thirdrae ‘Avenue
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Springville
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Richard Maske
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Second Avenue SE
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Dairy Queen No
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Ray
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General Electric Economy
Price Fleg
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