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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 28, 1976
Page
11
New York AP reports a modest stock advance as the Dow Jones average hovered near 1000.41 with a 57 point rise at mid afternoo n. Volume reached 32.24 million shares on the Big Board as gains outpaced losses four to three among NYSE issues amid mixed government data and a May trade surplus.
The Dow fluctuated around the 1000 mark with highs and lows noted as it rose briefly for the sixth time that year. Northrop rose, Bashinnn Kodak advanced, and Canadian camera sales showed strength as new instant models head to the U.S. market. The Big Beard index edged up, while the American Stock Exchange index and various institutional contributions pointed to cautious optimism amid earnings reports and dividend discussions.
Cedar Rapids Monday hog market showed higher bids for mainly 200 to 300 lb butcher hogs with prices ranging from 25 to 50.75 dollars. Packing sow prices held steady around 40 to 43 dollars. heavier weights faced discounts. Wilson and Company hog buying department to close Saturday, no hogs received or market issued. Grain and livestock notes from Chicago and Des Moines regions follow with mixed cattle and hog activity and price shifts.
Mark Alle Dusterhaff and Valerie Gall Godher were arrested after officers checked a parlor car at Beyer Park and found no quantity of marijuana. Charged with possession of a contraband substance, both are jailed on $500 bond.
Larry Franks, 19, of 951 Sixteenth Avenue SE, received a deferred sentence Friday in a Cedar Rapids break in case. Linn District Judge Robert Osmunson deferred until June 30, 1878 after Franks pled guilty May 20 to a break in at James Hemming’s residence, 2027 Fourth Avenue SE.
On this date in 1894 Congress designated the first Monday in September as Labor Day. The landmark act established a nationwide holiday honoring workers and their contributions to the nation.
Reports show soybeans up 12 cents and corn higher early, but heavy selling trimmed gains. Wheat rises about 7 cents before retreating, oats erased, soybeans mixed at close, corn and beans overall uneven with several July price points noted.
New York AP reports three teenagers were arrested after looted housewares were sold outside a Brownsville Brooklyn housing project while a nearby furniture store burned. Fire marshals say the store was looted and arson suspected to cover theft. Police charged the trio with burglary. Names not released.
A 42 year old Cedar Rapids man, David P. Bowers, was granted a deferred sentence and placed on probation by District Judge Robert Osmundson after forging two checks for Arthur Turner. Bowers, of 256% Thirty-fifth Street SE, had a good employment record and restitution history. The sentence is deferred until June 30, 1979. Turner reported his checkbook had been stolen.
Washington AP reports the United States posted a trade surplus in May the first this year as exports rose to 9.0 billion while imports fell 4.2 percent to about 183.1 million barrels of oil declined, narrowing the deficit for the year versus 1974. Exports led gains in machinery transportation equipment and farm products amid mixed import activity.
Adam A. Robbins an inmate of the Town Men’s Reformatory of Anamosa and a resident of a halfway house in Cedar Rapids received a ten year prison sentence in two consecutive five year terms. He pled guilty to a stabbing at a laundry in Cedar Rapids on March 28 and to an assault on a Marion woman during a car stop at Lindale Plaza. Robbins had been serving a prior 25 year sentence for a Clinton area murder, with the new terms added to his existing confinement.
In Oakland California two Symbionese Liberation Army members were convicted Saturday of attempting to escape from Alameda County Jail and of assaulting two sheriff's deputies. The six jurors deliberated for most of Thursday and Friday before delivering the verdict, marking the third conviction for the defendants, Joseph Remire and Rusaril Little.
A 19 year old Springside man received a deferred sentence in Linn Court after pleading guilty to stealing tires and wheels from Ream Auto Body in Cedar Rapids. The defendant, Michivell K Lange, had his sentence deferred until May 2, 1973, with the March proceedings noting the guilty plea and the theft from the auto body firm.
Thirty seven sailors from the nuclear submarine Than us Jefferson were removed during an marijuana use inquiry and returned to duty aboard the Wise after a brief barracks stay at Sand Point. The crew were taken off the Fotaris on 26d and held last week as the investigation continued. Navy officials provided no further details.
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