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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 22, 1975
Page
3
New York markets edged down for a fourth straight session as traders waited for clearer signals. The Dow Jones industrial average closed at 734.08, down 0.94, with overall volume sluggish and caution in the atmosphere. Chicago cash grain reports note price activity for various corn and oats grades in a separate market snippet.
Cedar Rapids market report shows lower hog prices Friday for bulk country and plant delivered butchers at 498.00 to 938.75 per head depending on weight and grade. Sows, feeders, and heavier hogs mixed with discounts for weights beyond 230 pounds. Local grain and dairy quotations also noted with varied markets and deliveries.
Des Moines report notes slow trade and generally firm demand. No. 1-3 cattle 200-230 pounds sell around 38.00 to 38.50, others up to 39. The text lists ranges for 230-250, 250-270, and 270-300 pound cattle and sows in several weight classes with prices from 32.78 to 41. We'll estimate Friday at 65,000 head, down from 43,000 last week and 53,000 a year ago.
Cedar Rapids Jaycees win approval to withdraw from the Cedar Rapids Marion Area Chamber of Commerce. Separation set to take effect by June 1 with Jaycees establishing their own office at a new location.
The New York Times quoted activist Jack Scott saying he never met Patty Hearst and had only seen her picture in papers. He claimed he and his wife were wiretapped and surveilled by the FBI while denying any wrongdoing or disappearance, noting he took a vacation from FBI harassment.
Alexandre Aspel, 66, professor of French and Italian at the University of Iowa, died Friday night in University Hospitals. Born June 10, 1908 in Mustvee Estonia, he earned a Ph.D. from the University of Paris in 1946, taught in Estonia and Paris before joining Iowa. He was a specialist in 19th and 20th century French literature and earned the Legion of Merit from France in 1962. His wife Paulene survives him. services pending.
SIGOURNEY Frank J. Seibel 56 a Sigourney native and operator of Seibel hardware died Friday Born April 7 1919 he was married January 1944 to Dorothy Ragan Surviving wife a son James D Iowa City a daughter Cyn this at home mother Ethel Seibert Sigourney sister Mrs William Mowatt Sioux Falls S D Services Monday at 2 Presbyterian church
New York AP report states First National City Bank, the nation’s second largest commercial bank, lowered its prime lending rate from 734 percent to 14 percent. The 174 percent rate for loans on the bank’s most creditworthy customers marks the lowest short term rate since the winter of 1973.
AP reports a cache of art valued at about 16 million dollars was recovered in Paris. The works were stolen from the Papin apartments of Mrs. Jacques Cartier in Santa Fe on December 7. French authorities recovered the pieces and identified the owners.
A Cedar Rapids edition item lists numerous thefts breakins and property damages including a stolen color TV, a pocket calculator and a vinyl record player among others. It also notes a college counselor from Central College in Pella visiting Cedar Rapids high schools to meet with prospective students.
Milford Lee Smith, 27, Cedar Rapids, received a 28 year sentence in the state penitentiary for the December robbery and shooting of former Polk County Supervisor Orville Armstrong at his home. His attorney Joseph Mark plans to appeal. Judge Anthony Cries advised transfer to Oakdale for psychiatric evaluation and treatment.
Fragmentary text mentions a date in the 11th century phrasing and a recognition of a U.S. congressional leader, with garbled names suggesting a historical acknowledgment or appointment. The readable segments indicate government context but lack clear events or identities.
Fire at 3711 G avenue NE Friday destroyed a two car garage and damaged two nearby homes. Owned by Marion Price, the blaze reported at 14 45 p m damaged the Price and Mark A Matthews residences at 3717 G avenue NE. Cause under investigation with no injuries reported.
Flood bulletins hampered by cooler air across northwest Iowa rivers as crests lift slowly. Des Moines and Raccoon rivers rise upstream from Des Moines with delays of a day or two. Snowmelt adds water while temperatures ease. towns including Tama, Marshalltown, Spencer, Gillett Grove, Linn Grove, Peterson, Independence, and Estherville face flood stage nearby. Rivers such as Cedar, Skunk, Little Sioux, Maple, Turkey, Mar guoketta, and Wapsipinicon show rising levels. Mississippi remains within banks.
A Cedar Rapids Lenten lecture, led by Mrs. Erril Beane of Marshalltown, spoke on love fulfilling God’s law and bringing peace. She urged applying compassion in daily life, citing family care and a priest’s love in action, urging collective action to witness faith.
A military spokesman reported large scale action in Rangoon ending with communist forces crushed. The press release highlights battlefield gains by allied troops and cites ongoing operations against insurgent units. Local observers note significant casualties and the tightening of security across key districts.
A Marion couple were questioned after attempting to buy at Kmart using a counterfeit one dollar bill. Police retained the note and continued the probe while noting up to $2,000 in fake tens circulating locally. In Dubuque, Edwin Schneider was arrested with $70 of bogus money and up to $2,000 suspected elsewhere.
A Soviet engineer and longtime Kremlin spy, Maxillioy, 37, faced a $150 fine in Manhattan criminal court after a drunken taxi joyride that caused a minor collision. Reports say American officials identified him as linked to the KGB, but he was to be sent home as his case unfolded.
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