Mixed Stock Market Slips After Early Rally Fades
New York trading ended with a mixed session as the Dow rose briefly in early trading but finished with a small gain of about 55 points to 791.19. Losers led gainers on the NYSE with trading slowing amid Fed money-supply signals and concerns over potential rate increases.
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NEW York
Federal Reserve
Fed
Litton Industries
NYSE
American Stock Exchange
Linn County Opens New Juvenile Detention Unit
The Linn County juvenile detention center near Marion on Highway 13 begins accepting residents Monday. It houses eight boys and four girls aged 12 to 18 and aims to replace jail and state facilities for temporary holds. Referrals come from law enforcement and juvenile court. The unit emphasizes education, recreation, counseling, and short stays up to 30 days with 225 to 250 admissions expected in year one.
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Linn County
Marion
Iowa
Cedar Rapids Hog Market Mixed. Prices Steady Across Weights
Cedar Rapids market reports show steady prices on many hog weights with reductions for heavier ranges and sow rates slightly down. Cattle and sheep quotes mix with varied demands and ample supplies across Des Moines Waterloo and Omaha outlets. traffic signals at Blairs Ferry and Seventh Street in Hiawatha under review for signage and an overhead signal.
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Cedar Rapids
Hiawatha City Council
Blairs Ferry Road
Seventh Street
Hiawatha
Hiawatha Council
Mel Meyer
Lows Department of Transportation
City Briefs Stolen Items From Multiple Local Residences
A series of break ins reported across the city included Harold Pernicka at 1501 E Avenue NW noting a $365 AM FM radio stereo and records taken. Marvin Prachar at 513 Thirty-second Street SE reporting an $85 electronic calculator stolen from the Conoco bulk plant. and Dennis Pfiffner at 1904 Mt Vernon Road SE reporting a $1,000 cash register and $50 in change taken from his Vernon Heights Standard station.
MENTIONED IN THIS ARTICLE
Harold Pernicka
E Avenue NW
Marvin Prachar
Thirty-second Street
Conoco
Twelfth Avenue SE
Dennis Pfiffner
Vernon Heights Standard Station
Mt. Vernon Road SE
Woman Faces Check Charge in Cedar Rapids Federal Court
Roxatin Lew Frank, a Waterton woman, is charged in Cedar Rapids federal court with attempting to cash four forged U S Treasury checks for 269 and signed a waiver for a pre sentence report. The checks were drawn on Duie and Mayme Hilmer of Independence. If convicted, the maximum penalty is a 10 year prison term and a fine.
MENTIONED IN THIS ARTICLE
ALLS
Waterton
Cedar Rapids
Roxatin Lew Frank
U.S T Treasury
Waterloo
Duie
Mayme Hilmer
Independence
Grain futures close uneven amid mixed signals at CBT
Chicago trades show uneven closes as grain futures drift in narrow ranges after Ford speech and lingering Russia export rumors. Soybeans and corn edge small gains and declines while wheat and oats move modestly, with pork markets in Sioux City showing active hog trading and mixed cattle activity.
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Chicago
Chicago Board of Trade
Ford
Springfield
Russia
Butz
London and New York Silver Prices Amid Market Quiet
Fragmented financial notes show quotes for gold and silver in London and New York, with grain futures and Chicago cash grain prices for Wheat Corn Oats and Soybeans. The text presents irregular figures and unclear annotations from a historical market page.
Marion Council Delays 1976 77 Budget Approval
Marion council delayed final approval of its 1976 77 budget to meet with the public library board about its funding requests. No objectors spoke at the hearing. The proposed budget totals 3 133 135 with a seven percent property tax hike if approved.
MENTIONED IN THIS ARTICLE
Marion
Public Library Board
Mary Lou Pazour
Third Ward
Library Board
William J. Grundy
Hurley W. Hall
Pazour
The
Gazette
Community Center Development Discussed
Cedar Rapids council discussed Marion community center plans with city development consultant Herman Thompson and City Manager Joe Painter. Parks director Joe Butterfield attended as offices move to the center after renovation slated to start next summer.
MENTIONED IN THIS ARTICLE
Marion Community Center
Seventh Street
Tenth Avenue
Herman Thompson
Joe Painter
Parks
Joe Butterfield
Parks Department
Thompson
Donald Hoskins
Victor Klopfenstein
Three Injured In Road Mishaps
Two Cedar Rapids drivers were hurt in a car-truck crash at Third avenue and Thirty-fifth street. Rita G. Cole, 38, suffered a right leg injury and was released from St. Luke’s hospital. James L. Patterson, 45, received facial abrasions and was discharged. A Cascade man, Richard F. Havercamp, 4, route 3, in fair condition in ICU after his car hit a bridge on Highway 151. he has multiple fractures and facial lacerations.
MENTIONED IN THIS ARTICLE
Third Avenue
Thirty-fifth Street
St. Luke's Hospital
Rita G. Cole
Washington Avenue
Cedar Rapids
James L. Patterson
Colorado Drive
St. Luke’s
Marion
Highway 151
Cascade
Richard F. Havercamp
Council Considers Sewer System and Planning Board Changes
Mayor William J. Grundy asked the council for names to fill the planning and zoning commission as two members resign due to moving. They are Sharon Pete and Richard Lensing. Staff was told to negotiate with Shire-Hattery Associates for a comprehensive sanitary sewer study and sewer rental review. City Engineer Terry Chew will prepare sidewalk repair plans around downtown Marion city park and Box area.
MENTIONED IN THIS ARTICLE
William J. Grundy
City Council
Planning and Zoning Commission
Grundy
Sharon Pete
Ridge Drive
Richard Lensing
Grand Avenue
Shire- Hattery Associates
Terry Chew
City Park
Marion
Marion Firemen Respond to Ice Storm and Local News
Marion firefighters answered four calls on Thursday, three tied to an ice storm. Calls included sump pump motor burn at 2895 Eighteenth Avenue and a tree limb damaging a power line at 208 Eleventh Street. Other incidents involved iced-tree limbs shorting an electrical wire at 2920 Twenty Fourth Avenue and a damaged service at 2502 White Eagle Trail SE. City activities covered YMCA schedules, Rainbow Assembly plans, and council actions on bids for police cars, zoning changes, fire rating study, railroad grade crossings, and traffic sign removal. Sold house at 293 Seventh Street to Keith Yoder. possession Feb 28.
MENTIONED IN THIS ARTICLE
Marion
Clarence Wordehoff
Eighteenth Avenue
Richard Pollock
Eleventh Street
James Doran
Twenty-fourth Avenue
White Eagle Trail
Cedar Rapids
Marion Township
No Objectors at Hiawatha Budget Hearing
No objectors appeared at the Hiawatha city council public budget hearing Thursday night. The proposed budget shows a seven percent rise while tax asks would fall. A city official remarked that all they received were compliments.
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Hiawatha
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