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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 02, 1975
Page
11
New York stocks rose for a second straight session with gains led by major indexes as trading volume topped 21 million shares. Government data showed factory orders up, while Israel signaled steps toward easing Middle East tensions, boosting investor sentiment.
CHICAGO AP reports farm futures slumped as corn oats wheat and soybeans fell up to 14 cents a bushel. soybeans 6 to 14 cents lower, July at 4.93. wheat 2.66. oats 1.34 to 54 lower. corn 6 to 5 lower. Des Moines and other markets note hog prices mixed with regional activity and livestock price movements.
Treasury Secretary William Simon proposed letting Congress allow higher interest on savings bonds and give the treasury more elbow room to manage mounting federal deficits. He urged trimming proposed spending to hold the deficit to about 60 billion dollars next year, contrasting with Congress's 68.8 billion estimate.
Story County files charges against ISU football player Richard Mark 19 for extorting about $100 from Bethione Domino 18. County Attorney Ruth Harkin seeks probe into Ames police handling of a prior charge and alleged favoritism toward football players.
The Cedar Rapids hog market moved steady to higher on Monday with prices for most delivered hogs at 45 00 to 45 75 for 210 to 246 lb butchers. Sows under 300 lb sold 39 50 to 40 00 with heavier butchers discounted by weight. Packers and steep discounts apply to higher weights and grade adjustments. Sheep and grain prices shown include bids for prime lambs around 38 00 to 40 00 and No. 1 yellow corn around 2 38 to 2 38, with soybeans near 4 82.
The FEC asked the public to comment by July 1 on campaign issues including conventions freebies spending limits for unopposed candidates secrecy of violation allegations and whether host-city services count toward the 2 million convention spending cap. Also debated are primary spending parity for uncontested candidates and open hearings on alleged violations.
Gary Grant Goode of Vinton pled guilty to a May 10 drunken driving charge and a jury trial was set for June 30. Duane Tiegen pled guilty to a February 23 charge of unlawfully carrying a rifle in his car and received 30 days in Lin County Jail with credit for time served. Mark O Connell's Feb 22 charge was dropped after the state recommended dismissal. Donald Lee Simpson pleaded innocent to a May 3 drunken driving charge and a jury trial was set for June 23. Clea Wallace's November 26, 1974 possession of marijuana charge was dropped after the state recommended dismissal.
SAN DIEGO Calif AP Tom Hayden co founder of Students for a Democratic Society will announce his intention to seek the U S senate seat held by California Democrat John Tunney Friends of Hayden say.
Dean Pillard sues Kathloun Abernathy in Linn district court claiming severe and permanent injuries from a motorcycle car collision in Mari on June 16, 1973. Plaintiff seeks 93820 in damages alleging defendant negligence caused the crash.
Duane Arnold Energy Center will close for three to four weeks to inspect possible vibrations in neutron monitoring rods inside the core. TE officials say the action follows NRC authorization and aims to assess wear on fuel assembly channels and sleeves, with findings aiding other plants.
Linn County supervisors on Tuesday were to adopt rules for commercial haulers using the Linn County landfill west of the county home. Beginning July new state standards govern disposal of solid wastes. The Cedar Rapids sanitary landfill and Cedar Rapids operated site have state approval. three other dumps run by Toddville Lisbon and Central City will close. Supervisors Monday questioned the state environmental quality department about who closes unapproved dumps who patrols them after July 1 and who pays for closing costs. Linn County closed these dumps three years ago but reopened them with state permission.
Chicago AP reports Senator Charles Percy says he would consider a run for the Republican presidential nomination before year end if President Ford's popularity declines. The remark signals potential interest should Ford falter in national standing.
Washington AP Frank Zarb of the Federal Energy Administration said President Ford's energy plan would push gas near 70 cents a gallon. He noted proposed conservation taxes would be returned to the economy and help those least able to pay higher energy costs. He estimated an average rise in oil based product costs of about 10 cents, gasoline possibly 4 to 14 cents, with other products up 6 to 4 cents.
Machinist Local 831 members rejected the latest offer last Friday. Negotiations on a new contract are continuing after an extension of the aid contract expired last week at Midland Forge Inc Cedar Rapids.
A terse legal notice reports changes to tram rates effective in May 1975. Official statements outline revised fares and applicable conditions for riders, with details limited to the regulatory action and the implementation timeline.
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