Stocks Plummet as Dow Dives in Early Trading
New York markets opened with a sharp decline led by profit taking and light news. The Dow Jones average slid about 9 points near 2 p.m., with traders watching for a possible end-of-day drop.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 03, 1971
Page
18
New York markets opened with a sharp decline led by profit taking and light news. The Dow Jones average slid about 9 points near 2 p.m., with traders watching for a possible end-of-day drop.
Cedar Rapids market report shows prices steady for cattle and hogs. Butchers and packers cite weight based pricing with adjustments for grade and weight, while a separate desertion case and a rough livestock market summary appear in the same column with varied figures.
AP dispatch reports Miss Bacon faced grand jury questions in Chicago about her involvement with plans to bomb a New York bank. The government sought to compel further testimony on charges including explosive transport and destruction of government property as part of the March 4 1970 Newark bank bombing inquiry.
James Earl Ray, serving 99 years for MLK assassination, tried to escape Brushy Mountain State Prison Tennessee. He reportedly broke through a cell bar and used a dummy bunk as cover before guards halted the effort. authorities said he was spotted and captured before scaling exterior walls.
Bank clearings in April fell to 89,786,016 from 60,120,007 in April 1970 at the Cedar Rapids bank. March clearings were 41,085,149. Year to date total 226,364,531, down from 1970’s 24,095,346. Weekly clearings for April 3 were 12,309,078 versus 15,551,011 the prior week. The same week last year reached 2,674,093.
A historical financial filing shows assets and liabilities of Peoples Bank and Trust Company. It details capital, deposits, reserves, securities, and interbank positions with notes on officers and notary.
Fragments describe bids and notices for Cedar Rapids Community School District and Linn County Iowa. The items mention sealing bids for supplies equipment and transportation services, bid opening deadlines in May 1971, and the Cedar Rapids area government and school entities issuing procurement notices.
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