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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 04, 1976
Page
16
New York stocks closed higher after early selling as wholesale prices slipped 0.5 percent in February. The Dow rose 2.36 to 81.19, while Litton Industries led NYSE activity and the NYSE composite edged down 0.01 to 53.50 amid a broad market mix. Prospects of slower inflation spurred investor optimism about interest-rate trends.
Gulf Cal Corp. asked politicians who may have received illegal corporate contributions to return the money. Letters were mailed to past and present officials on March 1 by new board chairman Jewry McAfee. Gulf would not identify recipients or amounts.
Cedar Rapids markets held steady with deliveries of hogs 200 to 230 lbs at 45.75 to 46.25, 230-250 lbs 44.75 to 45.75, and over 250 lbs discounted. Packers 200-230 lbs 46.00 to 46.50, 230-250 lbs 45.25 to 46.23, sows 270-450 lbs 38.00 to 41.50. cattle and sheep quotes include steers and heifers in the 33 to 35 range, cows 24 to 27, lambs 43 to 50 as storm conditions affect demand.
Chicago market sees soybeans up 3 1/8 cents and corn gains near 2 cents while oats rise and wheat mixed. Soymeal and soy oil advance, with prices posting gains across multiple grain futures as traders await clearer demand signals. Sioux City and Des Moines livestock and beef markets show mixed, cautious activity. cattle and hog prices varied by class and weight.
Vice President Nelson Rockefeller was honored by the National Academy of Design for using his public office to support the arts. He received the Gold President's Medal during a White House ceremony Wednesday in the Executive Office Building.
Cedar Rapids residents report multiple thefts including a 19 inch color TV and AM FM stereo from Fred Fleck and a citizen band radio from Richard A. Taylor. Other notices include a new 32 lane bowling center opening in 1976, various buy and sell ads, and community event reminders.
Detroit AP reports February domestic car sales rose 22 percent from a year earlier signaling a faster market recovery and boosting expectations that 1976 could be the third best year for auto sales. Foreign imports fell about 27 percent, with total February auto sales at 650,649 for domestic makers versus 535,718 a year earlier. General Motors, Chrysler, and Ford posted gains while American Motors declined.
A semi driven by De Witt G. Krapfl of Ei kader failed to control on a curve on highway 76 in Marquette. It struck a parked car owned by Jerry Moorland, then hit a house owned by Lester Jones. Krapfl escaped injury and faced charges of failing to keep his vehicle under control.
Two men were hurt in a two car collision on highway 15 north of Hiawatha about 4 30 am Thursday. David Bunn 31 of Waterloo is in fair condition at St Luke s hospital with lacerations and bruises. Rapset Mammel 49 of Minneapolis was treated and released. Details about the accident were not immediately available.
A five justice Supreme Court majority held that picketing on private mall property falls under labor law, not the First Amendment. Justice Potter Stewart wrote that Local 315 of the Retail and Wholesale Department Store Union had no constitutional right to enter the North DeKalb mall in Georgia, and that eviction by owner Scott Hudgens did not raise constitutional issues. The National Labor Relations Board would decide any labor law questions, with two Justices dissenting and lower courts already ruling for the picketers.
An electrical overload caused an explosion at the Mr John Siebert farm on Wednesday night destroying a combination machine shop and garage. Heat from the overload ignited crusty paint and stored gasoline causing extensive damage estimated at $6010.
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