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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 11, 1975
Page
11
New York ap reports the Dow up 4.63 to 780.56 as trading nears two hours left. NYSE volume hits 20.39 million shares with potential for a sixth 30 million day this year. Ryder System leads volume, Rowan Cos. climbs, indices rise on a broad market rally.
Chicago and Des Moines reports show soybeans up 20 cents, wheat 15-20 cents, corn about 10 cents, oats 3-4 cents higher by close. Cash grain prices mixed. livestock futures and market news note steady undertone with ample supplies and firm demand.
City councilmen invite public input on the proposed budget for fiscal year 1976, covering July 3, 1975 to June 30, 1976. A hearing begins at 9 a.m. in the council chambers on the fourth floor of City Hall, May's Island.
Anthony T. Hennessey, 59, Manchester, suffered a leg injury in a construction accident at a bridge site near Hawkeye Downs. He is listed in satisfactory condition at Mercy hospital on Tuesday. Hennessey works for Dave Schmitt Construction Co. Inc., located on Fiftieth Avenue SW, and was injured shortly after 1 30 am.
Cedar Rapids hog market notes mix of prices as buyers react to trade conditions while W. R. Grace & Co. reports 1974 sales and earnings at record highs with net income of $130 million and per share $4.12. J. Peter Grace cites aggressive capacity expansion and planned capital spending as key drivers.
On this date in 1654 the white Boston minister Rev James Reet was beaten by whites during civil rights unrest in Selmo Ata. The fragment references a violent incident involving a preacher and racial tension in early colonial Boston.
In Little Elm and nearby East Vale residents joined a voluntary 24 hour power blackout to protest high electricity costs. About 90 percent of the 500 residents reportedly cut power at 3 pm Friday, aided by Denton County Co-Op which also shut off security and street lights. The action targets high wellhead natural gas costs used to generate power.
The monthly meeting of the national trade bureau of the Cedar Rapids Chamber of Commerce will be held next Tuesday March 18 as reported in yesterday's Gazette. Donald Temine of First National Bank in St Louis will speak. Rosemary Mackin joined Barney's Paint and Wallpaper staff. Theft report: Linden C Speers of 540 Vernon Drive SE Munday reported a 2h inch snow blower valued at 135 dollars taken from an unforked garage at his residence.
Gov Michael Dukakis warns Massachusetts is dead broke and cannot fund a 1 percent cost of living increment for state employees and welfare recipients. He cites an estimated 300 million dollar budget deficit and opposes a tax hike to support the raise, aiming to protect the economy.
Davenport of Tama sues Red Wood Inn operator Don Dye in Tama County District Court for $20,000 alleging patronage negligence and unsafe premises due to racial prejudice. He claims a Feb 14 beating at the tavern. Davenport is Meskwakie Indian settlement resident.
DES MOINES A so called right to serve in public office bill was advanced to the senate calendar Tuesday by a narrow vote by the human and industrial relations committee led by Sen. Cloyd Robinson. The bill requires firms with four or more employees to grant a leave of absence without pay if an employee seeks a public office and to preserve position or status if the employee returns before the leave expires.
Washington UPI Senator Bumpers of Arkansas Tuesday opposed abandoning the idea of a tax rebate to curb the federal deficit. On this date in 1845 Maori natives in New Zealand revolted against British rule.
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