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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 03, 1976
Page
10
Financial and market news report a broad stock drop in New York amid volatility and rate concerns. Trading volume was light with many indices down as investors digested policy signals and margin calls.
Grain futures closed mixed as profit-taking trimmed most gains. Wheat rose about 4 percent while soybeans gained nearly 2 percent and corn slipped slightly. prices for May contracts ranged with soybeans up to 3/4 and oats flat.
Pi. Orlin Workman, speaking to labor members, questions the growing list of special deputies in Edna county. He cites 34 specials in 1975 and 1013 by early 1976, arguing the badge should not be used as a political gimmick and urging proper training and manpower.
The Cedar Rapids market reported steady prices Monday with Saturday bulk deliveries for cauniry and plant delivered butchers weighing 200 to 230 thousand pounds priced at 47.00 to 47.40. Parking weighed 900 pounds at 41.75, while smaller and heavier lots showed price reductions per additional weight and ranges up to 400 pounds with further decreases for each extra 10 pounds.
New York and Omaha market wires report varied cattle, hog, and sheep bids. Prices range with steady to higher tones on select lots while lighter demand appears in midweek trading. buyers and sellers scan futures and cash trades across multiple farms and terminals.
A Sunday morning break in at two CR residences prompted a frightened intruder to flee after entering a back door and wandering inside one living room. Tim Mois reported a man kicked his back door at 6 21 am and entered his bedroom before saying he had the wrong house and left.
Chrysler Corp. recalls over 8400 Plymouth Valiants and Dodge Darts from 1996 for possible brake line rubbing on the front left caliper that could cause loss of braking power. No injuries reported. dealers will inspect, reroute, or replace parts to fix the problem.
Pat Miller was appointed campaign manager for the Riley for Congress committee in Iowa. Riley noted Miller will oversee day to day campaign direction and build a strong support organization in the Second District. State Sen. Clinton Lamborn was named chair, with more appointments expected in coming weeks. Miller's background includes roles in Gov. Ray's campaigns and service in the Iowa department of public safety.
In Lebanon heavy fighting persisted as reports described a new Syrian attempt to end the civil war. Police said 71 people killed or injured amid shelling of Beirut and other districts. The Phalange said a surprise move by Imran could shift power balances between Muslims and Christians as Palestinian groups discussed a dawn cease-fire that failed to materialize.
Police cite numerous unsuccessful breakin attempts at 14 offices in three downtown buildings over the weekend. A later entry at the Professional Park building yielded $500 cash and stamps when a strewordriven pry opened the Equitable Town office. Several other offices were ransacked or probed with uncertain losses.
Orlando Waddington, 65, of Hinwetha, died Sunday in a city hospital after a long illness. Survived by wife Jessie, son Lee of Hiawatha, daughter Julie McAllister of Miami, five grandchildren, and one sister. Funeral service 10:30 am Wednesday at Baxter Memorial Chapel. Memorials to be established.
Readable items show multiple thefts across NW districts including a $200 stove stolen from 1106 Sixth St NW and a tool set valued at $300 taken from a bench on 280 Avenue NW. Other notes cite burglaries, handgun thefts, and damaged property, with residents and businesses reporting losses on weekends and Sundays.
Burglars smashed a wall to break into the Key Tavern at 719 Elfth Street SE and the Paramount Pharmacy at 167 Jacolyn Drive NW during the weekend. Cash was stolen from the tavern register and a dresser behind the bar, while the pharmacy theft included $750 in drugs such as Ritalin and Dexedrine. Gary Benutte and employee Clifford Brown reported the break ins after discovering damage Sunday morning.
The Senate advanced its own deadly force definition amid debate on a major code revision. Senate judiciary chair Gene Quillen urged quick disposition of the bill, aiming to wrap by Friday. the chamber moved to strike a panel of amendments and proceed.
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