Exchanges Closed For Good Friday Holiday
The New York and American stock exchanges are closed today in observance of Good Friday. Trading and related activities pause as markets mark the holiday.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 28, 1975
Page
14
The New York and American stock exchanges are closed today in observance of Good Friday. Trading and related activities pause as markets mark the holiday.
Friday market reports show packing plants in Iowa Minnesota and nearby states with slower demand and mixed prices for hogs cattle and sows. Buyers steady lightweights and weights fluctuating with several price bands across U S 1 3 200 230 lb to 400 lb ranges and noted Good Friday observances affecting activity.
Ford Motor Co will idle 27,550 workers in eight plants next week and recall 4,650 from layoffs, as production dips. GM and Chrysler keep all factories open for a second straight week while industry output is cut 1 percent year over year.
Pentagon sources say both Israeli and Egyptian forces were placed on increased alert following Kissinger's peace mission collapse. Israel is said to have alerted more reservists and reinforced troops in Sinai while Egypt mobilized army units and naval assets.
Retired Army Private John O'Daniel known as Iron Mike died Thursday in San Diego. He earned his nickname in World War I after a bullet grazed his face and served from 1950s to 1969 in a long military career.
House Speaker Albert and Minority Leader Rhodes depart for China to meet hosts in Shanghai and visit Beijing with side trips. House Majority Leader O Neill leads a bipartisan delegation to Egypt and Israel to confer with officials in both nations.
A FAA plane carrying 11 people crashed at DuBois airport after takeoff, injuring four FAA officials who had just presented a safety award. The twin engine DC-3 plunged into a 3-foot ravine amid a nose dive and muddy ravine landing.
The FDA announced a recall affecting about 4,900 Cordis pacemakers due to potential moisture leakage and premature battery depletion. Doctors were advised to monitor patients for pacing and sensing changes rather than remove the units. Four models are cited: Omni Star, Omni 164A, Omni 144, and Omni 187A.
ATF Director says lack of handgun controls in four states and uneven enforcement elsewhere threaten owners. He urged federal and regulatory action to curb gun access and enforcement to reduce harm to individuals.
Government inspectors found safety and health deficiencies in 68 of the first 108 Medicare hospitals spot checked last year. Fire safety appeared in 65 of 144 deficiencies, highlighting construction-type problems that could affect patient care and building safety.
A powerful earthquake, the strongest in the U S since 1971, struck a 490 mile wide zone of the Central Rockies. It registered around 6 3 on the Richter scale but caused no serious injuries and only minor property damage.
Three gunmen freed the French ambassador to Somalia who had been kidnapped last Sunday. The diplomat was released in South Yemen on Friday after authorities say exchange terms included two terrorists and 100000 in gold bars. Officials said he was flown from Aden to Djibouti in the Afars and Issas.
GAO report to Senate Foreign Relations Committee finds that several gifts from foreign governments to President Nixon and his family were not officially recorded by the Gift Unit. Chairman Sparkman says the study provides an overview of the matter under the Foreign Gifts and Devolutions Act without targeting individuals or launching a hunt.
The Civil Aeronautics Board approves 4.6 to 16.5 percent increases for U S to Europe travel starting Tuesday, with lower prices for youths and early-booking tickets. Rejections include price hikes for U S Mexico and U S South America routes. First class New York to London rises to 1156, economy to 784. Discount youth and early-reservation fares are reinstated. Pan Am and TWA face competitive-route changes.
A federal grand jury in San Francisco seeks testimony from Phillip Shinnick, a former Olympic long jumper and Rutgers Livingstone College instructor, tied to the Patricia Hearst case. The subpoena, issued but not yet served, centers on connections to Jack Scott and the SLA fugitives, with limited comment from officials.
Cedar Rapids brief items report a congressman open hours in Cedar Rapids, various thefts from cars and residences, local business ads, and civic notices. Highlights include Mike Hloula holding Thursday open office hours at 205 First Avenue, thefts on Second Street SE and Fourth Avenue SE, and enlistee Joan Richards heading to Port McClellan for Army training.
The Linn county judicial magistrate appointing commission schedules April 22 and 29 meetings to nominate and select magistrates for terms starting July 1. Four current terms end June 30. five magistrates are expected for the next biennium. The commission will nominate three for a full-time post and district judges will pick one. Two part-time magistrates will be chosen April 29. Application forms are available at the clerk’s office.
Two 17 year olds were charged with possession of controlled substances and alcohol as minors after a car slid into a ditch near Third Avenue and Thirty fourth Street. An officer found altered licenses and drugs including marijuana and whisky, and one youth also faced a concealed weapon charge as a switchblade was found. They were jailed in the county detention center.
Ralph Nader accuses the Postal Service of opening mail sent to public interest groups as part of a broader surveillance effort. He cites government secrecy and alleges deputy agencies may be monitoring private citizens while denying any record of his mail being opened.
Fr Henry Morgentaler surrendered to Montreal police on Thursday after facing abortion related legal action. The case involves a long running dispute over abortion services and rights in the city.
Father Gundram told First Presbyterian Church that chaos can birth life through Christ. He cited a story of a man whose happy life decayed after his wife’s cancer and urged Christians to bring new life to others by sharing Jesus’s grace.
Baltimore judge sentences Aly William Moore head of the Teamsters Union political arm to a prison term and three years probation after Moore pleads guilty to tax evasion and failing to report about $30 000 income tied to about $80 000 allegedly embezzled from DRIVE the Teamsters political unit between 1970 and 1971.
In Belgrade Rijeka hospital an electrical fire in the infants ward killed 24 sleeping babies aged one to seven days. Four other children suffered smoke inhalation and were moved to another hospital. doctors warned of critical conditions while denying carbon monoxide poisoning. Mothers in a separate ward were informed of the tragedy.
A fire destroyed the Kelsior hotel near the Swiss border killing 16 and injuring about 40. Police said most victims were skiers or holidays seekers. Fourteen bodies were recovered from rubble and rescue teams searched for more victims. The blaze opened questions about safety and evacuation.
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