Broad Stock Gains Help Market Rise on Lower Rates
Financial and market news report a broad stock advance in New York trading as rates trend downward. The Dow Jones average reached 748.83, up 9.78, with a 31 to 1 gain margin as banks cut prime lending rates from 14 percent, extending last Friday’s reductions to Chase Manhattan, Philadelphia National, and Mellon National.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Chase Manhattan
Philadelphia National
Mellon National
Pittsburgh
Financial Markets Digest Mixed As Fed Policy Hints Surface
Federal Reserve operations in money markets signal a continued stimulative stance while airline stocks show strength. Pan American leads NYSE activity with modest gains. other big names like National Semiconductor and Philip Morris rise amid a broad market upturn. The NYSE composite edges up, Amex index slips slightly as traders digest stalls, quotes drift through a crowded tape.
MENTIONED IN THIS ARTICLE
Federal Reserve
Pan American
VAL
Brant
Northwest
National Semiconductor
Philip Morris
TBM
NYSE
American Stock Exchange
Research Cottrell
Amex
Dressed Meats Prices Mixed Across Markets in Midwest Report
Readable market notes show varied beef and pork prices with limited sales. Cow and steer bids appear weak in some regions while select cuts hold firm. data from New York and city markets indicate price shifts and sparse trade activity amid broader demand fluctuations.
MENTIONED IN THIS ARTICLE
DES Maines
Midwest
Cory Wo Meal
Wade
Lowe
Breas
Demart Pace
Cholee
Grains Close Mixed After Active Trading From Monday
Chicago reports show grain prices moving in wide ranges with early heavy selling and scarce buyers. Soybeans rose 7 to 12 cents, corn up 49 cents, oats down 14. wheat near limit decline before a slight late rebound. March prices noted with soybeans at 8.03, corn 49.10, wheat 2 lower to 2 higher, oats 1.44 higher.
MENTIONED IN THIS ARTICLE
Chicago
Cedar Rapids hog market slips as weights shift lower
Cedar Rapids market reports a weaker Monday hog sale with lower prices for butcher steers and sows and varied weight-based discounts. No. 1 and No. 3 hogs ranged around 7.25 to 39.00 per hundredweight with declines noted in lighter and heavier classes across markets in Des Moines and Omaha.
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Cedar Rapids
Des Moines
UPI
Setire
Desmand
White Murder Trial Delayed To May 5
In Linn district court Judge Harold Victor Man approved a continuance for Johnny D. Lee White, accused of murdering Donald Van Steenis near Cedar Rapids. Trial, previously set for next Monday, is moved to May 5 after motions by White’s defense and the county attorney. Van Steenis, a Cedar Rapids truck driver, disappeared February 12 and was found downstream with a fatal neck fracture from a .38 slug. White had been a suspect since the murder investigation opened and was indicted last December.
MENTIONED IN THIS ARTICLE
Johnny D. Lee White
Donald van Steenis
Linn District Court
Harold Victor Mandiy
White
Couny
van Steenis
Cedar Rapids
Guitar River
van Steeuis
Ehrlichman Perjury Charge Dismissed in Los Angeles
Former White House aide John Ehrlichman faces a dismissed perjury count after Los Angeles prosecutors decide not to pursue trial. District Attorney Joseph Busch cited justice and taxpayers as reasons, noting Ehrlichman’s prior conviction in Washington, D.C. related proceedings. The case tied to the 1971 burglary of Daniel Ellsberg’s psychiatrist’s office and his grand jury testimony.
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Los Angeles
White House
John Ehrlichman
Ehrichman
Dist. Atty
Joseph Busch
Ehrlichman
Washington
TD. C
Daniel Ellsberg
$1,600 Stolen From Cedar Rapids Office
Burglars took more than $1,600 in cash from an unlocked desk drawer at Cedar Rapids Steel Transportation Inc. The theft occurred between midnight Saturday and 1 p.m. Sunday at 3490 Sixteenth Avenue SW. Gary Ankney reported $1,615 stolen. Thieves accessed the cash box with a desk key, relocked the cash box, and removed the key before fleeing. Police found entry method unclear. lock service subsequently unlocked the cash box.
MENTIONED IN THIS ARTICLE
Smotal
Cedar Rapids Steel Transportation, Inc
Sixteenth Avenue
Gary Ankney
RST
Cause of Blaze Is Under Investigation
A fire damaged a vacant one story frame house at 27 Sixth Street SK. It started about 12:28 p.m. Sunday and remains under investigation by the Cedar Rapids fire department. The owner is Donald L. Ackerman of 1216 L Street SW.
MENTIONED IN THIS ARTICLE
Sixth Street
Cedar Rapids
Someone Angry At Toddville Suspect Breaks Vehicle Into Home
Janet Enos of Toddville told sheriff's deputies Sunday that a vehicle was driven into her front yard and rammed the side of her house causing minor damage but no entry was gained. The motive or identity of the aggressor remains unclear.
MENTIONED IN THIS ARTICLE
Janet Enos
Toddville
Sheriff's Deputies
Bombs Wound Seven in Belfast Shops
Bombs exploded in a private house and a fish and chip shop in the Old Park area of Belfast, wounding seven. Authorities reported casualties and launched an investigation into the nighttime attack amid sectarian tensions in the predominantly Roman Catholic district.
MENTIONED IN THIS ARTICLE
Belfast
UPS
Fifth and Chips
Old Park
Bill Permits Disposal of Animals in Iowa Legislature
DES MOINES Agriculture and animal welfare legis lation advances despite opposition from Rep. Joan Lipsky. The bill allows destruction of animals left with veterinarians or kennels if owners do not claim them within seven days after a set date, with provisions for oral or written owner agreements and posted notices. Several amendments were proposed, including a 14 day waiting period and certified letter notices, but were defeated or withdrawn. The measure passed the house amid party lines with Linn county delegation voting 4-1 in favor.
MENTIONED IN THIS ARTICLE
Des Moines
Joan Lipsky
Cetar Rapids
Rep. Lipsky
McCord Granted 3 Week Delay of Prison Term
James McCord, longtime CIA security head for Nixon's re election committee, was granted three extra weeks before starting a one to five year sentence for burglary conspiracy and wiretapping in the Watergate case. The delay follows his lawyer's request due to ongoing legal actions in other courts.
MENTIONED IN THIS ARTICLE
Washington
James McCord
McCord
CIA
Nixon
US. Court of Appeals
William Mann
U.S
George Hart
Retord
Supreme Court
Gerald Rich
Ford Admin Sends Sex Discrimination Regulations to Congress
President Ford received proposed rules to prohibit sex discrimination by most schools and colleges with enforcement aimed for next fall. Weinberger approved the measures, subject to 45 days of Congressional review, as groups threaten suit over gaps in coverage. The rules cover admissions, athletics, housing, dress codes, and financial aid, with exemptions for high schools, grade schools, and some private undergraduates, while the NCAA seeks exemptions for major sports.
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Washington
Ford
Secretary of Health, Education and Welfare
Caspar Weinberger
Howe
Congress
Weinberger
National Collegiate Athletic Assn
Ger
National Organization For Women
Bomb on Bus Kills 27 in Nairobi
A weekend bus terminal blast in Nairobi killed 27 people and injured about 60. Police said the scene was crowded with bars and hotels nearby and noted this was the third terror attack in ten weeks. Investigators did not identify the bombers or motives.
MENTIONED IN THIS ARTICLE
Nairobi
Kenya
Lod
Tuesday Services for Mrs Russell R Rowe
Mrs Russell R Rowe 42 of Het tendorf and former North English resident died Saturday at Mercy hospital Davenport. Born Beverly Williams in Cookaville Il March 38 1932 she married Russell Rowe June 18 1963. Survived by Beas Felske Davenport sister Mrs Robert Schaar Davenport brother Eldon Williams San Diego. Services Friday 10 at McGinnis Bettendorf. Burial Tuesday 2 Puarsol cemetery North English.
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Russell R. Rowe
Hettendorf
Mercy Hospital
Davenport
Beverly Williams
Cookaville
Russell Rowe
Beas Felske
Robert Schaar
Eldon Williams
San Diego
McGinnis
Bettendorf
Puarsol Cemetery
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