Market slides as Dow tumbles on profit taking
New York stock prices fall sharply as profit taking tests the market. Dow Jones Industrial Average drops 12.59 to 238.28 at 2 pm, with declines outpacing advances in NYSE nearly two to one. Analysts cite internal market forces and technical factors behind the slide. Major movers include Whittaker up 4, International Telephone down, Revlon down, Texaco down, Sony down, amid broad losses. Also noted: Ads Inc files for bankruptcy in Cedar Rapids, listing March 25 incorporation and December 31 cessation of U S operations. Carnival Cruise Line reports ship Marti Gray stuck near Jamaica with passengers safe and celebratory mood onboard.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Ads, Inc
First Avenu
Cedar Rapids Federal Court
Ivan R. Matteson
Lynda Matteson
Nebts
St. Thomas
Montego Bay
Jamaica
Carnnival Cruise Line
Rve
Marti Gray
Cedar Rapids Hog Market Prices and Field Livestock Quotes
Cedar Rapids hog prices posted 25e per ton. Thulk of country and plant delivered butchers 200 to 230 lbs priced 23.50 to 24.00. Packing sows 300 lbs down 21.25 to 21.50. Butchers over 230 lbs 25c less per 10 lbs up to 260 lbs, over 260 lbs 50c less per 10 lbs. Packers discounts by weight grades 300-360 lbs 25c, 360-500 lbs 50c, above 500 lbs 7c. Shorn lambs 90 lbs to 110 lbs listed. Prime females and other livestock quoted across regions including Postville and Waterloo markets with varying ranges for cows, bulls, and hides.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Postville Beef
Postville
Waterloo
Jinhha
UPI
Eirong
Ile
Wibre
Bill passes as Iowa House backs status of women commission
Iowa House approves a bill to create an Iowa commission on the status of women by a 54 to 31 vote. Rep. Elizabeth Shaw notes prior governors kept a commission alive without authority and the bill provides carry over membership. Opponents and supporters clash over perceived impact with remarks about women causing troubles and questions about membership.
MENTIONED IN THIS ARTICLE
Des.moines
Iowa
Slick Snow Socks Iowa Snarls Traffic
Partly sunny skies and swarmer temperatures were set to return to Iowa Tuesday. Rep Perry Christensen urged voting against a bill, calling it against motherhood, as winter weather caused multiple crashes near Iowa City and Davenport. Three semis jackknifed on I 80 near 218 and Dubuque Street, with about 25 cars in ditches and conditions described as slick and hazardous.
MENTIONED IN THIS ARTICLE
Iowa
Merolg Auto
Perry Christensen
Xeal
Inter
State
Legisla
Iowa City
Vincent May-jing
Highway L
Highway 218
Dubuque Street
Davenport
Two Ara Bound over for Drug Possession
Two residents bound over to the grand jury from Dubuque for possession with intent to deliver controlled substances. They were arrested Sept 20 with a substance alleged to be heroin. The weather section notes heavy snow in parts of the area and a thunderstorm with minor precipitation readings and forecasted mild temperatures for the coming days.
MENTIONED IN THIS ARTICLE
Norman E. Smith
Clarence
Tenth Street
Debra
Iowa
Newton
St. Paul
Grand Jury
Dubuque
Burlington
Son in Law Dies Amid Border Patrol Briefs in Peoria
Bob Frye, son in law of Vieja Vantalge and member of Mexican Border Veterans, 3130 Westwood Drive NW, dies. A Sunday dinner is planned at the Peoria home of Mrs. Fred R. Buchan, 1620 Hinkley Avenue NW, with services set for Saturday. Ads note wallpaper from Eastern Town and a burglary at Brown Food Store, 1030 Eleventh Street NE, with nothing taken.
MENTIONED IN THIS ARTICLE
Bob Frye
Vieja Vantalge
Westwood Drive
W Polluck
Peoria
Fred R. Buchan
Hinkley Avenue
Mackin Point
Blore
Brown Food
Eleventh Street
Default Ruling on FHA Lawsuit
Default judgment granted to the Farmers Home Administration in a suit seeking 8,565 dollars plus interest for an alied loan to a Tama woman. Defendants include Melody McCoy Donald L. Gunder Kenneth Flaugh Karlene Koda and the state department of social services. The note was reportedly 8,100 dollars signed by Gunder with McCoy as co signer.
MENTIONED IN THIS ARTICLE
Home Administration
Tama
Melody McCoy
Glass
Road
Donald L. Gunder
Kenneth Flaugh
Karlene Koda
Port. Charlotte
Fla
State Department of Social Services
Tattle L. Gunder
McCoy
Allen
Nebraska lowers age of majority to 19
Nebraska voters approved a measure lowering the age of majority from 21 to 19. The law allows Nebraskans aged 19 to buy and consume liquor and beer and assume adult rights and obligations. The enactment was signed after passage by the legislature and awaits Governor Exon’s approval.
MENTIONED IN THIS ARTICLE
Lincoln
J. J. Exon
Kathy
Grady
Twentieth Avenue
Nebraska
Judge approves sale of South Side property by marshal
U S Judge Edward J Me Manus approved the marshal sale of property at 2215 Washington Ave SE held after a decree. The action involved a watch ring and a purse seized during a robbery tied to loans assigned to the day eight. Highest bids secured two lots and part of a 40 year old production board order. If no redemption is made 80 percent of top grade leather soles will be set aside for mills within a year.
MENTIONED IN THIS ARTICLE
U. S
Edward J. Me
Manus
Peter L. Topic
South Side
Washington Avenue
3Ash
Dour Co
Cedar Police
Con
Small Business Administration
SBA
Marshal Tary Shes
Det
Wholesale potato market notes in Chicago and New York
Readable fragments detail USDA wholesale offerings and price ranges for potatoes and butter. Chicago and New York markets show abundant supplies with demand easing slightly, quotes including large, fancy, and medium sizes, with figures and column notes.
MENTIONED IN THIS ARTICLE
New York
USDA
Municipal Court Dismisses Breaking and Entering Charge
A charge of breaking and entering against Bradford Gordon of 1137 Second Street SW was dismissed Friday in municipal court. Gordon faced a break in at Hawkeye Downs on September 1.
MENTIONED IN THIS ARTICLE
Bradford Gordon
Second Street
Municipal Court
Gordon
Hawkyee Downs
Nixon Fined for Pointing a Gun in Municipal Court
Edgar Nixon of 1409 Second Street SW was fined $10 and costs in municipal court on a charge of pointing a gun at Lon Scriven on November 12.
MENTIONED IN THIS ARTICLE
Edgar Nixon
Second Street
Jon
Lon Scriven
Youth Returns To Stolen Car Nabbed Charged
A one year old youth returned to a stolen car Monday morning and was charged with five counts of larceny of a motor vehicle. Police pursued after the youth collided with bushes and a telephone pole in the 2300 block of F avenue NE, then fled on foot before being captured at Collins Radio Co parking. He admitted taking the vehicle and implicating four others.
MENTIONED IN THIS ARTICLE
Wne
F Avenue NE
Collins Radio Cy
Reminder: Bonfires Not Legal in Cedar Rapids
Saimy temperatures Saturday sent area residents outside for various reasons. Cedar Rapids residents forgot ordinance changes effective January. Fire officials reported six illegal open burnings. Health officials said open burning is illegal within city limits. Temporary permits are possible in rare cases.
MENTIONED IN THIS ARTICLE
Saimy
Cedar Rapids
Health Department
Ilegal
War Production Board Curtails Bicycle Output 58 Percent
Thirty year old wartime notice states the War Production Board ordered a 58 percent cut in bicycle production and announced plans to halt all manufacture of household washing machines.
MENTIONED IN THIS ARTICLE
War Production Board
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Towa Lnterest
Fiver
Jaffrar & Rupweed
Ins
Aim
Ging
Nqeela Banks
Towa
Avarrice Foods Aba herry-Bur
Conrac
Consolidated Foods
Excel Nv
Baccalive Data Systems
Ayola
Unissa Grau
Suartsman
Harnisent Gr. i Asa Interstate B
Ats Tov Electric
Ats An
Kuellel & Eusor Ig
Tile Invest of
fAgoco
America
Nesen
Quaker Gate
Wilson
Wilson Sinclair
Ea Wilken
Poods
YORK
Feltowina
Wilows
Cain
Graal
Beast
Hmareig Lot
Halbert
al Sem, Corp
Hercules
Omestie
Noah
Tasha
Singer
al Souinéo
HEW
York (Np
Sovikas
HMA Ce
Sid Kollsman
Nailets Agares
Standerd and Lilly
Nike
Tyne Ray
Stevens
Ryder
Hatiorn
Jeyelco
Systran Bonn
Bivandsiy
Allis
JooLaan
Shay
Arndivesti
Texaco
Biss
Kayser
Texas
Ifn
Koppers
Kraltes
Ata Ipa
Kroger
T&t
Amacom
Neh
Hock
Ae Ag
Ancorp
Avery
Areca
Lockheed
Toawser Ny
Baer
Corp
Tata
Us Bloch Bt
Isis
U.S
Aisa Eas Macke Co
Us Steel Lea
I Beckman
Macy
Bell
Ty Madison
Bendix
Braetice
iSttin
Fay Ava
Borcen
Meqoud Sob
itiWare Asn
Ava
BoraWar F
McBrwh Mead Co
ST i
Els ii Lass
Siu Aba
Bronswek
Merce
Bess Xerox Cp
Ath Zale Corp
Matin Nagay
Zenit
The
Associated Press
Carlier
Castiecke
Miami
Chris Crott
Miami Harbor
Clark
Newnerry
Mart Gras
Jewinint
WonGas
Gonteor
Eerie
Sewan
Beboger A
Uae
Sinienter
C.R. Markets
Jo Pris
Lee Sci B
Central
Bulk
Slauchter Nesters
Sioux City
Sieur City
Marcots
Stldiers
Sid Steinhhe
Slauehier
Frozen Fork
Lamson Gres
Okra High Low Close Brey Sain
Moran TC
Mae
Chicago
Board of ‘Trade
Coim Grain
Rep
Richard Radi
Lisbon
Kerry
D-Fort Dodge
Christensen
Mayberry
Kenneth Logemann
Forest City
North English
Williamsburg
Maquoketa
City Briefs
Scotts
Louise Brown
Seventh Avenue SW
Mercy Hospital
Fieet Trust and Savings Bank
Todaville Legion Hall
Dan Buchheister
Cedar Rapids Cardinals
Roosevelt
Piersson's Florists
Launtry Boloved
New Progress Laundry
Jerome’s
Memorial Building
Hall
Marion
Ady
Tre
Jack Costela
Sixth Street
Dale Carnegie
Marcella Foster Ree Senos
Exieago
Ubi
Farade A
Ares
Archaaic
Mibions
Sdid
Swith Gazette
C.R
Industrial Credit
ITT
Iowa, Inc
1St Avenue
Cedar Rapws
Afni
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