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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 16, 1976
Page
11
The New York market drifted, with the Dow up modestly at times but failing to attract buying. Reports note thin volume and limited impact from Britain’s Harold Wilson resignation hint as investors seek direction amid fluctuating NYSE and American Stock Exchange indices.
Chicago reports show wheat futures down 6 cents a bushel while corn oats and soybeans move mixed. Soybean oil climbs about a third cent per pound, meat futures fall by about $3 per ton with March contracts cited.
August Moreh reports on feeder cattle market activity including Tuesday mutatons and trims. Lamson and Voret Nil are noted among participants in the trade.
Monona assistant police chief Dean Hazlett announces resignation effective April 10 leaving the city without a police commander in July when Chief Iron Schultz retires. Hazlett gives no reason for stepping down.
The Cedar Rapids market report shows Tuesday declines with lower bids on various weights of beef, hogs, and yield grades. Packers and weight-based discounts apply across categories, while sheep prices for choice to prime lambs and wooly ewes are listed, alongside corn and soybean bids for delivered loads.
Agnes Chadima 94 widow of George C. Chadima of route 1 Fairfax died Monday after a brief illness. Born November 29 1861 near Ely she lived near Fairfax most of her life. She married George Chadima September 5 1906 in Ely. She belonged to First Presbyterian Ely and Johanna Society for 50 years. Survived by two daughters Viola Holets Cedar Rapids Edith Ard San Jose Calif one son G Milton Fairfax a brother Charles Zyacek Cedar Rapids eight grandchildren and 18 great grandchildren. Services Thursday at 1:39 Turner Chapel West burial Cedar Memorial visitation at Turner West Memorial fund established.
A Cedar Rapids round of notices reports radio and tape player thefts from residences on Monday, a revolver and camera taken, and multiple local business ads for events and sales including March St Patrick’s Day promotions and a flower show tour. The date notes England’s 1534 break with Rome.
United Fire and Casualty Co. of Cedar Rapids posted 1975 net earnings of 1.215 million dollars, 3.22 per share, down 5.3 percent from 1974. Premium income reached 19.213 million, up 18.9 percent, while investment income rose 21.6 percent to 1.104 million. United Life Insurance Co. 80 percent owned, showed adjusted earnings of 339 thousand dollars or 1.23 per share, up from 0.255 million and 0.93 per share in 1974.
Tuesday supervisors approved a sheriff salary of 19750 for the next fiscal year after the compensation board indicated a total figure above 19000 and noted a 750 housing payment in addition to the previously listed salary.
Cedar Rapids man Robert Cummings, serving ten years for forgery, sues Linn County court claiming prison sentence harms brain health. He argues probation was revoked for drinking problems and that treatment was promised but not provided, leaving him punished for illness. Court records note prior probation revocation for counseling lapse, restitution failure, job quitting, lack of support, and sale of merchandise without delivery or refund.
Delegates from 156 countries began two months of hard bargaining at the United Nations conference on the law of the sea. Secretary General Kurt Waldheim warned that delay could destroy hopes for a universal sharing agreement and warned of broader impacts on international cooperation.
A Boston psychiatrist testified in the Patty Hearst trial that she was a frustrated and angry rebel who willingly joined the SLA and helped rob the Hibernia bank. He said her conversion was a misfortune and traced her attraction to the group as a seduction by the cause. He noted she had fears of kidnapping before the arrest and felt trapped by fiancé Steven Weed.
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