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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 13, 1975
Page
13
NYSE shows near parity as Dow Jones average rises marginally to 814.70. Analysts cite cautious trading ahead of clues on economic rebound and potential rate moves. coal stocks slip amid steel demand concerns and broad market indices drift with light volume.
William Sullivan, 56, assistant director of the FBI, announced Tuesday his retirement effective July 5. The move ends a long tenure with the agency in a sweeping personnel change centered in Los Angeles.
Cedar Kaplis hog market rose on Friday with Thursday’s bulk delivered hogs 210 to 240 pounds priced around 41.50 to 47.60. Packers and butcher weights see discounts by weight, while cattle quotes from Friday include steers around 40.00 and cows near 19.50, with regional variations and feeds data across Des Moines Chicago and New York markets.
Chicago AP reports grain futures moved with hesitation as traders liquidated end of week positions. Soybeans rose about 5 cents, with July at 5.08. corn up 4 to 5 cents. wheat mostly steady to firm. oats mixed. Overall activity noted as underwhelming with scattered gains and losses across grains.
The Commerce Department reports a record 4.9 billion decline in U S business inventories in April marking the second straight monthly drop. Manufacturing, retail and wholesale stocks fell, offset by a small rise in retail automobile inventories while durable goods faced broad reductions.
Dennis James McVay of 1005 Ninth Street NW was charged with theft after allegedly taking an auto battery valued at 45 dollars from a vehicle owned by John Elsbury of 511 Fifth Street NW. The theft report was filed Tuesday and McVay is held in the county jail on a 500 dollar bond.
Two year old Sonya Mullen of Hiawatha is in the ICU at St. Luke's Hospital with a head injury after falling from a slide at Allendale Park on Thursday. She is the daughter of Mr and Mrs Thomas Mullen.
A string of Thursday reports cites thefts from residences and vehicles across Cedar Rapids including ro t ow tiller from 8 Oklahoma Ave SW valued $200 and a car taken from 28 Forty First Ave SW. Also listed are jewelry items, cameras, tools, a dog named Precious stolen from a backyard, local garage sale ads and community notices from businesses and clubs.
C R Man, 19, of 1248 Brockman Drive SE, was arrested by Cellar Rag police on a Crockett County warrant charging first degree assault with intent to murder. Sheriff Neal Klyce was beaten on a back road May 16 after attempting to arrest a drunken man. his service revolver was taken during the attack.
Washington AP reports school districts absorbing at least 100 Vietnamese refugee children will receive at least $200 per child. About six million dollars has been set aside to help defray emergency instructional costs on a one time basis, a department spokesman said Thursday.
Eddie and Ruth Ray smelled smoke before 3 am at 614 Twelfth Avenue SE and alerted Ellett Kramer at 1122 Sixth Street SE. They helped the occupants escape as firefighters confined the blaze to a bedroom and hallway. the cause was a cigarette on a mattress and the Rays will receive a letter of commendation.
The US Postal Service announced July 1 will see higher charges for personal post office boxes. Rates vary by box size, location, and class, with some holders in Palestine Texas seeing a rise from 8.20 to 14 a year and Milwaukee residents reporting up to 450 percent increases. This marks only the third rate hike in 40 years.
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