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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 26, 1976
Page
10
New York traders saw the Dow Jones average tumble to around the 493 mark, with a 2.04 point weekly loss as volume spiked and the NYSE composite held steady. American stock exchanges reported mixed results with NASDAQ closing near 90, while Fed data sparked debate over monetary policy and interest rate stability.
Collins Radio receives a 30,142,845 dollar military contract for full scale production of an airborne tactical aft navigation system with reliability improvement warranty. Second District Iowa Congressman Mike Blouin announced the award. Production will occur at the Collins Radio plant in Cedar Rapids. Total contract value for the systems reaches 45,940,017 dollars. air force earlier awarded 25,797,126 dollars for initial work.
Judith Anne Thompaunt of 2040 Washington Avenue SE earned a Master of Business Administration from Harvard University. Gail Kay Oberhultzer of 3022 Alleghany Drive NE received a Bachelor’s degree from West Virginia University Morgantown. A distant bicentennial note recalls a man writing to his wife Abigail about past times as smallpox and military issues in Cana are mentioned.
A discussion of grandchild education savings using stocks in Consolidated Edison and AT and T, inflation and discount bonds, and a note that equities may better keep pace with college costs. Also explains mortgage impact on profit from home sale and reviews a 15 year mutual fund plan with commissions and options to resume saving.
Cedar Rapids briefs report new and returning officers for the town division of the United Nations Association of America. Donald M. Typer reelected president. Howard W. McKnight becomes treasurer. W. R. Shuttleworth assumes vice president. installation planned at Ames board meeting with various local business notices and ads interspersed.
Chicago futures end a volatile five days with soybeans up 18.5 cents to near 16.76 a bushel in July contracts. Soybean meal and oil move unevenly, wheat and oats rise and fall with mixed close. preliminary week saw soy up the limit on several days amid heavy profit taking and price swings.
A garbled OCR snippet includes scattered names and numbers with fragmented phrases about trades and beverages. The text presents disjointed mentions of places, people, and items, but lacks coherent narrative or identifiable events to summarize.
UPI reports Friday livestock trade with demand light to moderate. No 1-3 cattle at 200-230 lb bringing 50.00-51.00, 230-250 lb 49.25-51.00, 250-270 lb 48.00-60.00, 270 lb and up around 42.0-44.0. receipts estimated 30,000, Thursday 314,000, week 33,000, year ago 58,000. mixed grains and corn prices noted for Friday markets in Chicago and elsewhere.
SIGOURNEY Cedar Rapids Des Moines and Council Bluffs area FRA picnic slated for Sunday at Lake Keomah State Park six miles east of Oskaloosa on Highway 42. Active duty and retired members may attend bringing table service and a pottered dish. FRA unites over 130000 Navy Army Coast Guard and Marine personnel with 1000 plus members locally.
Two 18 year olds James Earl Jackson and Charles Ueary Hopkins were charged with larceny from a person after allegedly stealing a woman's purse in the 400 block of Third Street SE Cedar Rapids. They were held on bond in the Linn County jail. A separate Des Moines AP item reports former Democratic candidate Georgena Alexander, missing since last week, was found in Detroit for personal reasons and is no longer a missing person.
Two New Jersey Teamsters posted 60 000 bonds after pleading guilty to conspiracy to commit murder in the 1961 kidnaping and slaying of union official Tony Provenzano. Salvatore Briguglio pled innocent to a murder charge in the same case, tied to the slaying of Anthony Gastello.
Tokyo reports 29 killed and eight missing as heavy rains trigger floods and landslides across western and central Japan. Some 65 houses destroyed and nearly 3,000 flooded, with railways and highways disrupted.
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