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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 31, 1973
Page
11
New York markets fell as declines led advances on the New York Stock Exchange. Analysts attributed the downturn to profit taking after recent gains and a cautious mood in trading ahead of week’s end actions.
The Isfinseti atdhsalor fad prken stiine SO yeilals in the 10 sessions ended that Friday, but on Monday it dipped a dacly ob points. Trading remained moderate with most traders on the sidelines. On the NYSI2 prices rose Internafione Telephone up 34 to 85 percent, Cahol Isa 2744, Goodyear down 4 to 23, and Tex- Heo off 1/3 to 33.
Chicago reports wheat corn oats and lumber price activity with mixed futures. Descriptions include livestock pricing in Des Moines and Cedar Rapids markets, plus New York stock quotes and regional market summaries. A wide range of agricultural and financial data appears, with notices of futures and mutual fund activity and political economic context.
In Webster City, stock entries range from beef roasts to dairy cows with prices noted such as 48.50 for prime cuts and 34.00 for certain steers. The report cites cattle listings, auction lots, and related market values amid a broader livestock fair context.
fragmented city briefs report local notices and ads including hospital signins and visitors policies at John C. Ritott hospital. burglaries and stolen items span lawns, garages, and vehicles with various addresses and numbers. a county engineer was elected secretary treasurer at the national engineers meeting in dallas. local eateries advertise weekly specials and menus with prices.
AP report from Leavenworth Kansas says a guard was killed Tuesday as violence erupted at the federal prison. Warden Daggett described inmates holding one to four hostages with unclear numbers. He noted a hostage taker called from the prison laundry claiming no one would be harmed.
Kidde and Co parent Lafebure Corp. Cedar Rapids reports six months ended June 3 and three months ended June 10 with net income up to 18.9 million and 4.7 percent sales growth to 474.7 million, per share both basic and diluted up.
DES MOINES Iowa private and parochial schools may be eligible for liquor licenses under a ruling from the attorney general’s office. The opinion says liquor licenses may be issued to private schools as long as no possession or consumption occurs on school property or at school related functions. The ruling clarifies distance limits for liquor stores and allows licenses for church or parish hall events used for school activities.
Joliet stockyard report shows several items including cattle and hogs with prices around 2.00 to 2.50. Listings mention seller names, lot numbers, and delivery details. Local buyers and traders are noted, with market action centered on Wednesday sales and cattle car load notes.
Local police launched a search after a garage break in near Heshron. Neighbors report a disturbed scene with a body reportedly moved from the garage. No clear suspect or motive established as investigators chase leads.
Washington reports funding of 79 000 dollars for the Iowa WIN program to continue next year. Neil Wadsall of the regional AV office confirmed the extension as the program, run by the Iowa Employment Commission, helps place people in jobs and supports employment for welfare recipients.
Clearing figures for May June and July 1972 show totals around $58,040 five thousand and eighty three dollars. The report compares to $40,201,701 for the prior year, noting year over year changes and calling attention to monthly variations in clearings.
The directors of Nash Finch Co have approved a regular quarterly dividend of 922 cents per share payable Sept 1 to common stockholders. Nash Finch operates about 10 super markets and owns marketing companies in California and Texas.
In the Collins case the written confession was ruled inadmissible by District Judy Clinton. Defense argues the statement was not voluntary, tainted by coercion, and that the tape shows Collins was confused and reluctant to sign. Attorney Horan says an appeal to the Town supreme court will be pursued based on Miranda rights and admissibility.
Des Moines AP report quotes Robert Lounsberry urging updating of locker plants to meet federal and state sanitary standards. He argues many small custom slaughter and processing operations lack proper licensing and that licensed plants should supply country clubs and restaurants, though at times at a loss.
Patricia J. Swab, a 26 year veteran language teacher at McKinley Junior High, sues the Cedar Rapids school district over nonrenewal. The board cites lack of classroom supervision and discipline as reasons. Both sides agreed to decide the case on written briefs before Federal Judge David J. McManus.
Becker's Furniture Co purchases Papple's Furniture Co at 214 First Ave SE and moves from 318 First Ave NE to 016 First Ave SB. The sale takes effect Wednesday and the new name will be Becker's-People's with the same personnel continuing. Becker, president, has run the Cedar Rapids firm for 24 years and notes relocation from an urban renewal demolition site.
The Veterans Administration raised the maximum rate for guaranteed insured and direct home loans for qualified veterans from 7 to 497.78 percent, officials say the move aims to sustain VA loan use as a viable home buying option. This change targets Vietnam era veterans facing higher costs as officials defend the policy as necessary for continued access to housing programs.
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