Stock market dips as Dow falls on Friday
The air lines led a broad market retreat with the Dow Jones industrial average down 6.40 points to 941.75. Trading volume reached 17.49 million shares, well below Thursday's 20.34 million.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 01, 1971
Page
10
The air lines led a broad market retreat with the Dow Jones industrial average down 6.40 points to 941.75. Trading volume reached 17.49 million shares, well below Thursday's 20.34 million.
Official Monday cattle receipts total 6,500. Price ranges at Chicago Stockyards show prime steers 34.50 to 35.00 per cwt for 1,200 to 1,350 pounds, high choice and prime 31.50 to 34.75 for 1,100 to 1,350 pounds, and choice 32.50 to 33.75 for 950 to 1,350 pounds. Heifers and cows cited with various weight ranges and values, including utility and commercial bulls 25.50 to 28.00.
Des Moines AP USDA market summary notes limited beef trading in town and river markets. Steer beef 500-800 lbs mostly steady to up 50. heifers at steady levels. Pork trades active with loins, picnics, Boston butts, hams and bellies showing varied gains and steady to higher prices.
Roger E. Nelson and Larry Jordan both 18 were arrested Friday night for possession of beer as minors. They were stopped at First Avenue and Seventeenth Street NW with beer found in the car. Each posted a 30 dollar bond and was released.
Prices paid on the Cedar Rapids hog market were steady. Friday deliveries for butchers 200 to 230 pounds ranged 15.75 to 16.25 with adjustments for weight. sows 300 pounds down 14.50 to 15.00. heavier butchers and packers faced per- tens adjustments by weight. Grain and eggs also listed with delivered prices for corn soybeans oats and egg types.
Community planning sessions on water and land resource development in the Iowa Cedar river basin occur at six Iowa locations from May 10 to May 19. Cedar Rapids hosts a May 19 meeting at 7 30 p m at a site to be announced. Leaders from Cedar Rapids and Mt. Vernon League of Women Voters organize the event to gather public input on flood plain management evacuation lakes and dam construction on main tributaries and other options.
Henry J. Goldsmith, Clarence's oldest resident at 94, died Friday night at his daughter's home. Survived by son Edward of Monmouth, four grandchildren and 13 great grandchildren. Funeral Monday at 1:30 p.m. at St. John's United Church of Christ. Visitation at Chapman funeral home after 9 a.m. Sunday.
Loyalty Day was held at the Memorial coliseum in Cedar Rapids with KCRG sports director Bob Brooks as speaker. The program featured a flag march, LaSalle high school glee club, pledges and prayers, sponsored by the Veterans of Foreign Wars and local citizens.
Coe college student senate approves a $500 bail fund to aid students taking part in antiwar activities today and Wednesday. The body also allocates $101.12 for committees and $50 for Saturday activities plus $51.12 for next Wednesday group. A peaceful demonstration is planned outside Cedar Rapids federal building.
Elmo Roper, 70, a pioneer in public opinion and market research, died Friday after a lengthy illness in Norwalk Connecticut. A native of Hebron Nebraska he ran a jewelry store before entering market research in 1933 and published the first Fortune magazine survey in 1935 launching the era of the public opinion poll.
Godfrey Wenger 101 of Manchester died Friday. Born in Bern Switzerland he moved to town with his parents at age eight. He farmed near Monticello and Delaware county before retiring in 1922 and moving to Manchester. Survived by two sons a daughter four grandchildren 14 great grandchildren six great great grandchildren and two brothers. He was a longtime member of the First Lutheran Church. The body is at Shelly funeral home.
Marion’s fire department counted 54 fires from January through April 15 with grass fires rising amid dry spring weather. In a three week span spanning late March to mid April, 21 grass fires occurred. Birthday note: Myrtie Gravel celebrated 83rd birthday with six guests at Josephine LeClerc’s Maplecrest Drive home.
Local church listings detail Sunday school times worship services and speakers at multiple houses of worship in Marion. Entries include Bethel Baptist Grace Baptist Robins Faith Baptist St Josephs Catholic Christian Oswald Zobrist Ascension Lutheran Lutheran Church of the Resurrection St Pauls Lutheran First United Methodist Prairie Chapel United Methodist First Presbyterian Reformed Presbyterian Church of God Seventh Day United Seventh Day Brethren and related pastors and locations.
An aftershock of the February 9 earthquake jolted the Los Angeles area. No new damage or injuries were reported.
The Iowa Treasurer announces state rate limits for public funds in bank time certificates with a maximum 5.00 percent and minimum 4.00 percent for 90 to 364 day maturities. Maurice E. Baringer, Measurer of State, notes the rate applies to banks and public bodies.
Probate of the will filed April 20 1971 in Cedar Rapids Iowa appoints Henry M Keyes as executor for the estate of Frank J Melichar also Frank Melichar Jr Deceased. Creditors must file claims with the district court clerk within six months from the second publication and indebted parties must pay promptly. Date of second publication May 1 1971.
City seeks sealed proposals for concrete 7 inch pavement on listed streets in Cedar Rapids Iowa. Work to begin by May 19 1971 and finish by September 30 1971 with payment via assessment certificates. Bids opened May 12 1971 in City Council Room. require 10 percent bid bond.
Probate No 36866 records the admission of the last will of Harvey R. Van Slyck dated October 3, 1968, for probate on April 28, 1971. Kenneth L. Perry Sr, Lawrence and Crissman, attorneys for the estate, notes second publication May 8, 1971.
Probate of the will of Alford Wayne Cahill, deceased, dated April 9 1965, admitted in the court. Peoples Bank and Trust Company of Cedar Rapids, Iowa named executor. Creditors must file claims within six months from the second publication or be barred. Attorneys: Ford Terpstra and Wilkinson. Publication date begins April 1.
Notice of probate and appointment of First Trust and Savings Bank as executor for the estate of Anna Marie Kopecky deceased in Linn County Iowa. Hearing date set for October 1 1952 and creditors must present claims as provided by law. Dated April 21 1971 Cedar Rapids Iowa.
The City of Cedar Rapids invites sealed bids for storm sewer construction on Redbud Road Northeast from Larry Drive to Birchwood Drive. Bids are due May 19, 1871 at 9:00 a.m. and opened in the City Hall Council Chambers.
Busy listings include concrete driveways and patios by C Hemphill, repair services, window cleaning, painting, carpentry, lawn care, and a wide range of child care and part time job ads. Notable entries list Boswell, M L Hale, J Pinter, Ernie Dvorak, and Rogers among others with contact numbers.
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