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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 24, 1972
Page
2
Financial and market news report a Friday fall in stock prices as rising interest rates and turmoil over Britain floating the pound weighed on sentiment. The Dow dropped 6.02 to 944.69 with Magnavox active and a large block trading at 32 42, down 1 percent.
Marion city council Friday afternoon approved using Linn County home landfill for garbage disposal in line with the study committee recommendations. The cost tops $27,000 for half year and $3 per capita yearly, with no immediate rise in local household charges. A full committee report is set for next Wednesday at 7:30 a.m. at city hall. The council also will review a $1,239 rock-cost add for the Thirty fifth Street sewer project and suspended Larry Sills for four days without pay after an executive session. A minor car fire at 2190 Twelfth Avenue caused slight damage.
Marion Independent board of education approved a group of small bills to fully exhaust the 1971 72 budget of 2 450 119. Dr Richard M Sorensen was authorized to draft bid specifications for additional bleachers at the athletic field with two bidder options. Theft report cites items missing from Merwen Taylor s car valued at about 60. Surgical patient Mrs Charles Boots listed as at St Luke s hospital with visitors permitted.
Butchers and sows were steady with country prices at $27.00 for butchers and $22.75 for sows. Packing plant delivery ranged from $26.75 to $27.25 for butchers and $22.50 to $23.00 for sows.
Central Iowa Stockyard in Webster City reports 100 cattle tested, steady week. Steers top 38.60, heifers 36.50, cows 23.00-26.00, bulls 29.00-33.00. Hogs 600 head up 25-75 cents. week gains 1.75-2.00. Butchers 29.00 top, 27.50-28.75 bulk. boars under 350 lb 23.00, light boars 20.00-23.00. Estimated 600 cattle, 1,100 hogs.
The Postville beef market Friday quoted prices for prime steers 36.75 to 38.00, choice steers 36.50 to 37.50, good steers 33.50 to 35.00, swayback steers 31.50 to 32.50, choice heifers 35.50 to 36.50, good heifers 32.50 to 30, utilities 24.00 to 28.00, commercial and canner cows 24.00 to 28.00, bulls 32.00 to 34.00.
AP dispatch from USDA notes Midwest meat trade trends with steer prices rising to 50 cents to 1 dollar over the week. Heifer beef and pork cut grades move unevenly with loins and picnics up to a dollar, hams steady, bellies and other cuts fluctuating amid general demand.
Cedar Rapids hog market prices were steady with Friday quotes for 200 to 230 lb butchers at 27.25 to 27.75 delivered. Sows under 300 lb ranged 22.50 to 23.00, with lighter and heavier weight adjustments noted. Packers discounts varied by weight, and lambs and hens commanded modest per unit prices. Grain prices showed yellow corn at 1.07 per bushel and soybeans at 3.27.
A listing of church names, addresses, and clergy with service times for Marion churches including Bethel Baptist First Baptist Grace Baptist Robins Faith Baptist St Josephs Catholic Christian Robins Church of the Brethren Ascension Lutheran Lutheran Church of the Resurrection St Pauls Lutheran First United Methodist Prairie Chapel United Methodist First Presbyterian Reformed Presbyterian Church of God Seventh Day United Seventh Day Brethren detailing worship, Sunday school and mass times under various pastors.
Kenneth Clemen 27 of Manchester was reported in critical condition at a Dubuque hospital after a two car crash on highway 520 one mile east of here Friday night. Anthony Rahe 47 of Dyersville was driving the other car. Rahe's wife remained in satisfactory condition. Rahe and their two children were treated and released. Two Clemen passengers Daniel Green 25 Epworth and Donald Schumacher 22 Dubuque were treated and released or were in satisfactory condition.
Three Cedar Rapids men who are officers in the Iowa Reserve Officers Assn. ROA will attend the reserve officers 51st national convention as delegates in Miami Tuesday through Friday They are Lt Col Robert H Cropp 800 Twenty ninth street NE president of the Iowa department Lt Col Keith D Koch 662 Staudcourt NE vice president for air force and Major Ralph F Podzimek 1261 Sixth street NW department surgeon
Rick L. Cowger aged 20 of 1924 Mt Vernon road SE was held on a charge of violation of the controlled substance act after officers saw him discard an item at Twelfth avenue and Nineteenth street SE. Marijuana and smoking equipment were confiscated.
Keota resident Guy Lyle suffered third degree burns to his hands and arms when a lawn mower caught fire near his garage. After finishing mowing he tried to move the burning mower, neighbors alerted firefighters who extinguished the blaze. The garage side was damaged and the mower destroyed. Lyle received treatment at Sigourney Hospital.
Katherine Foster 21 of McIntire Iowa and her 1 year old son Wade died in a car truck collision near Grand Meadow Minnesota on Friday. Local authorities investigated the crash and reported the fatalities in the rural border area along with routine emergency response outcomes.
Waterloo Mayor Lloyd Turner says police aren t handcuffed by officials amid Logan Plaza picketing and pledges strict enforcement of a Thursday injunction. He condemns economic sanctions by black protesters targeting white businessmen, calling the tactic morally unjust. A counterprotest of about 40 whites urged harsher action against pickets, alleging harassment of customers.
Two Cedar Rapids youths aged 16 and 17 were arrested in Bever Park early Saturday on charges of violating the state narcotics act. Police smelled marijuana from a car, found suspected marijuana, and seized it. They were processed by the youth bureau and released to parents, with cases referred to probation.
A Linn county GOP hearing at the Roosevelt hotel discussed abortion policy, adult rights at 18, and a stronger United Nations role. Twenty three attendees included party officials, staff, and two newsmen, with proposals urging a woman and physician decision on abortion and a Linn plank backing UN strengthening.
DES MOINES AP Delegates to the Iowa Bar Assn meeting hear that the courtroom is not the logical venue for medical malpractice complaints. Insurance official cites rising premiums from litigation costs while a Des Moines doctor lawyer cites deductible costs. Cedar Rapids physician proposes a plan to recognize all injured for compensation. Waterloo attorney insists the adversary system serves injured parties best. Meeting runs Thursday through Saturday night.
The Senate rejected restoring $245 million cut from Nixon era foreign aid but kept $85 million for Israel after a 54 to 21 vote. Sen Church amended the bill to remove most funding Scott sought, retaining $35 million to Israel and $50 million already in the bill. Scott called it a political bidding contest amid Jewish votes.
The Center for Disease Control says flu shots have limited value for the masses but should be given to chronically ill and elderly. Recommendations stem from vaccine ineffectiveness, unpleasant reactions, and periodic virus changes. The CDC urged Friday that vaccine be given to persons of all ages with chronic debilitating conditions such as congenital and rheumatic heart disease asthma bronchitis cystic fibrosis emphysema advanced tuberculosis and diabetes mellitus.
New York AP Jimmy The Greek Snyder predicts the Dow Jones industrial average will top 1000 this year. He told an institutional trader conference he is risking 1.8 million of his own money in the market.
DES MOINES UPI says a Social Security Office official announced a 20 cent premium increase for the medical insurance part of Medicare starting July 1. District manager Howard Sladek noted the basic rate will rise from 5.60 to 5.80 dollars per month, a smaller rise than last year’s 30 cents and the 1.30 hike in 1970.
West Des Moines fire destroyed three partially completed buildings and heavily damaged an occupied unit at the Washington Heights apartments. No injuries were reported. damages estimated at 600000. The blaze began about 10 30 p m Friday and burned out of control about a half hour due to no water pressure in nearby hydrants.
Jan Rapoport of 3221 Ridgemore Drive SE receives a bachelor of science from the University of Arizona in Tucson. Andrea B. Hayslett of 1717 Avenue NE earns a professional nursing diploma on June 23 from Finley Hospital School of Nursing in Dubuque.
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