Steady Stock Decline Dominates Tuesday Market
New York stocks eased as profit taking dominated the session. The Dow Jones 30 fell about 9.5 points to 987.88, with losers outpacing gainers and light trading. Investors eyed inflation risks from rapid economic recovery and higher interest rates.
MENTIONED IN THIS ARTICLE
New York
Sony
Midwest Stock Exchange
NYSE
American Stock Exchange
Wheat and soybeans rise on Chicago Board of Trade
Wheat and soybeans closed higher Tuesday on the Board of Trade while corn and oats also rose. Wheat gained 5 to 7 cents, corn up 1 1 to 2 14, oats up 2 to 24 5, and soybeans up 3 44 to 5. Inclement weather and a USDA winter wheat damage report spurred buying.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Board of Trade
U.S. Department of Agriculture
Jocal
Cedar Rapids hog market holds steady on Tuesday
Cedar Rapids market shows steady hog prices with Monday levels for 200 to 230 lb butchers at 44.50 to 45.25 dollars, sow prices around 40.00 to 40.50, and discounts for heavier weights. Cattle and sheep prices are listed with various grades and ranges across Chicago Des Moines and Waterloo reports from UPI and Federal Market News Service.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Des Moines
Grodorg
Lamson Brothers
Possible Tax Relief Compromise Studied
Des Moines Iowa UpI reports Senate leaders discuss another possible compromise on property tax relief. The plan resembles a conference committee proposal with tougher local budget limits, larger homestead credits, removing the second year exemption, and changes to a tax task force while school aid foundations align with state law. Senate leaders weigh figures in caucus as Kinley Lamborn seek common ground amid budget and credit differences.
MENTIONED IN THIS ARTICLE
George Kinley
Lamborn
Kinley
Marvin Selden
Senate
Conference Committee
Selden
Linn Property Tax Deadline Wednesday
Linn County residents face a Wednesday deadline to pay the second half property taxes to avoid penalties. Treasurer James Hennessey said payments mailed and postmarked before midnight Wednesday will be accepted without penalty.
MENTIONED IN THIS ARTICLE
Linn
James Hennessey
Des Moines Livestock Trade Slower Demand Moderates Prices
Des Moines market reports show slow trade and moderate demand with mostly lower prices for several weight classes. No 1-3 200-230 lb pigs at 45.00 to 45.75 and 230-250 lb at 43.50 to 45.75. sow prices steady to weak. receipts estimated at 65,000. Sioux City hogs and cattle trade mixed with steady to uneven moves. hogs 4,500 head, U.S. ta 190-250 ins 4.25-47.00, sows up, cattle steers 501.00 higher, heifers 50 higher with varied ranges across weights.
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Sheen
Cedar Rapids News Briefs and Local Ads Recap
A collage of Cedar Rapids items: story hour at Edgewood library from 1 15 to 1 35 pm, weekly events, theater and concert ads, dining specials, garage and home break in reports, stolen stereo and television notes, local business promotions, memorial thanks, and tour ads. Includes addresses and phone numbers for local services and shops.
MENTIONED IN THIS ARTICLE
Edgewood
Cedar Rapids Public
Burglar Flees After Gunshot At Northwest Home
Marie Rust reports her residence on Eleventh Street NW was broken into early Tuesday. Her brother Harry Noble fired a shot at a masked intruder. the suspect fled as police noted a cut telephone line and no evident injuries. Police earlier arrested another man in a separate February break‑in.
MENTIONED IN THIS ARTICLE
Marie Rust
Eleventh Street
Noble
Rust
Stock suit grows as investors seek damages over Keystone mine
Additional plaintiffs join a complex case alleging fraud in forming Keystone Ski Resort near Dillon Colorado. The initial suit by Linge Investment seeks 5.25 million from Ralston Purina Keystone International and Keystone Inc, while an intervention asks 484 500 for the estates and firms of Allender Blackburn Voorhees and others. The plaintiffs claim stock was undervalued and not fully paid. The defendants deny wrongdoing and contend reward for stock value after relinquishment would be improper.
MENTIONED IN THIS ARTICLE
Keystone
Dillon
Colo
Linge Investment Co
Ralston- Purina Co
St. Louis
Keystone International, Inc
Keystone, Inc
Linn
Robert B. Allender
William S. Blackburn
Des Moines
Steadman-Blackburn Agency
Koert S. Voorhees
Spicewood
Texas
Allender
Blackburn
Voorhees
U S Vehicles Immune From C R Meter Tickets
Safety Commissioner Ed Colton proposed a Cedar Rapids council resolution to allow ticketing federal vehicles for overtime parking while awaiting a city attorney opinion. Mayor Don Canney questioned enforcement after discussion on who bears responsibility for unpaid fines. Colton will wait for legal guidance before instructing police on enforcement.
MENTIONED IN THIS ARTICLE
U.S
Cedar Rapids
Ed Colton
Don Canney
Colton
Stan Reinis
Cedar Rapids man pleads innocent in Tama county drunk driving case
James Phil lips Jr, 49, of Cedar Rapids, denies a 1974 drunk driving charge in Tama county district court. His jury trial was set for May 10 and he remains free on personal recognizance.
MENTIONED IN THIS ARTICLE
Toledo
James Phillips, Jr
Cedar Rapids
Tama
Marion Josie Hunt dies at 83 in Marion
Marion resident Marion Josie Hunt 83 died Monday at Anamosa care center. Born January 3, 1893 in Marion she married Elmer Better who died in 1956 and later Arthur Hunt in 1957. Survived by husband and two stepsons Raymond Marion and Arthur East St. Louis, eight grandchildren and great grandchildren and sister Mrs. George Struck. Services Friday 1:30 at Grace Baptist Church with Rev. Donald Martin burial Oak Shade Cemetery visitation at Murdoch's after 7 Wednesday.
MENTIONED IN THIS ARTICLE
Josie £. Hunt
Eleventh Street
Marion
Anamosa
Elmer Better
Arthur Hunt
George Struck
Grace Baptist Church
Donald Martin
Oak Shade Cemetery
Murdoch's
Marion Chamber Meetings Scheduled
The Marion Chamber of Commerce schedules three meetings this week. The legislative committee meets Thursday at 7 a.m. at the Country Kitchen, the Retail Bureau at 9 30 a.m. in Farmers State bank community room, and a Saturday 10 a.m. session with area legislators in Vernon junior high media center.
MENTIONED IN THIS ARTICLE
Marion Chamber of Commerce
Legislative Committee
Country Kitchen
Retail Bureau
Farmers State Bank
Vernon Junior High
Edna Kubias Dies Center Point Resident
Edna M. Kubias 82 lifelong Center Point resident died Sunday in a Cedar Rapids nursing home. Born Oct 10 1893 in Winthrop she married Arthur Street in 1914 and Fred A Kubias in 1941. both husbands predeceased her. She was a 50 year member of Center Point Order of Eastern Star. Surviving are three daughters four grandchildren and three great grandchildren. Private services were held Tuesday at Murdoch chapel Center Point. burial in Center Point cemetery.
MENTIONED IN THIS ARTICLE
Center Point
Edna M. Kubias
Cedar Rapids
Winthrop
Arthur Street
Fred A. Kublas
Morton, Ill
Jeanne Lane
Decatur
Donald Erb
Scottsdale
Ariz
Elma Maresh
Bradenton
Fla
Rowena Maresh
Texas
Murdoch
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