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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 05, 1976
Page
10
New York markets opened with weakness as the Dow dived 4 9 points to 963.90, the lowest close since February. Trading volume eased, Citibank cut its prime rate from 7 percent, and indices at the NYSE and Nasdaq fell, signaling broad declines across blue chips and OTC shares.
Soybean futures climbed reversing a slide as corn also advanced on the Chicago Board of Trade. Wheat declined slightly while soybean meal showed mixed results amid volatile price moves. yellow corn traded up as market activity remained thin and receipts data noted.
Chicago Board of Trade scrutiny into soybean futures involvement follows reports that U S prosecutors and the Commodity Futures Trading Commission are examining possible market flaws. Investigators reportedly probe churning of customer accounts and trades designed to generate short term losses to cut tax payments, with exchange officials confirming awareness of agency activity.
The speaker distinguishes pre retirement from retirement investing. Pre retirement focuses on capital growth via stocks real estate precious metals and collectibles with emphasis on total net worth. Retirement investing shifts to income with bonds preferreds and cash flow suited to reduced time to recover losses and sustain living expenses.
Cedar Rapids brief notes that Philips Harris of 3620 Bever Avenue SE was omitted from the Washington High School graduation roster this week. The jumble of ads mentions events, tours, and local notices alongside repeated charter coach and entertainment listings in a busy Des Moines area page.
AP reports Adheuser-Boschn Inc brewery in St. Louis ended a three month strike Friday. About 1,060 workers at nine plants nationwide returned to work after a tentative contract, with seven plants remaining unsettled. Key issue was disciplinary terms for strikers alleged to have engaged in violence. Local unions and Newark plant personnel had reached a separate agreement earlier.
Local business owners face foreign market barriers as operational costs rise. Experts advise careful vendor vetting, clear contracts, and currency risk checks. Partners emphasize adapting to regional shopping patterns, local laws, and customer service expectations to maintain profitability.
Des Moines officials led by Ray and Governor discuss with President Ford and congressional leaders the possibility of extending revenue sharing with local governments for two years. Ray notes mixed support in the House Rules Committee and faces opposition from some lawmakers while urging continued federal funds.
Amvets from Iowa gather for a convention at Roosevelt and Ames with auxiliary meeting events planned in June. Attendees include state Amvets leaders and auxiliary members, with discussions on plans and activities for the year.
A readable fragment reports a lawsuit against Quaker Oats alleging product safety or related issues. The text is garbled with stray letters and unclear specifics, but centers on legal action against the cereal company and questions of public safety or consumer protection.
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