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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 06, 1971
Page
3
New York stocks fell early and recovered slightly as the market opened with mixed results. The industrial average showed slight gains while aircraft and steel shares traded actively and building materials lagged.
Chicago soybeans and corn fell late as liquidations intensified amid uncertain European currency directions. Wheat dropped while metals and cash grain sentiments wavered after recent gains, with traders watching monetary shifts and domestic demand signals across Des Moines and Cambridge court actions in other markets.
The Labor Department reports wholesale prices up 1.3 percent in April with the key industrial commodities index rising 0.4 percent. On a seasonally adjusted basis overall index climbs 0.6 percent and industrial commodities gain 0.2 percent.
Prices paid in Cedar Rapids Thursday were steady amid weaker demand for heavy hogs over 260 lbs. Wednesday figures for 200 to 240 lb butchers varied by grade, with 10.50 to 17.00 dollars. Sows around 300 lbs declined to 14.75 to 15.20, while lighter butchers and weight-based adjustments affected price differentials.
Walter Kidde Co Inc announces its best first quarter ever with net income after taxes of 30.44 million for the three months ended March, up from 6.004 million a year earlier. Earnings per share assuming full dilution were 0.87, against 0.55 a year prior, and sales and revenues reached 107.40 million versus 185.928 million in 1970.
Berlin AP reports Honecker, new East German party chief, pledges no softening of policy toward West Germany. He urges ratification of Moscow and Warsaw pacts and ties Berlin issues to recognition of realistic German-West relations, amid talk of peaceful coexistence.
Oak Brook Illinois Network Data Processing Corp posts earnings of 200021 dollars or 30 cents a share for the year ended March 9 1871 up from 148083 dollars or 24 cents a share prior year Chief executive Robert H Taylor notes revenue rise to 1745904 dollars from 1251782 dollars last year The firm provides data processing services including systems analysis programming actuarial computing and proprietary insurance industry software marks growth in demand
ITEC Associates delivers four thousand ultrasonic nebulizers to Bendix Corp Davenport division for a new portable device treating respiratory diseases. The unit uses high frequency energy to create tiny liquid particles that reach deep into the lungs.
A Degas sculpture of a young ballerina fetched 380000 at Parke-Bernet as part of 73 works from Norton Simon California private collection. The Savate Van Gogh work L Hospital de St Remy sold for 1.4 million, bought by Dr Armant Hammer. Wildenstein Galleries acquired the Degas.
The council warned many substances used in detergents and products may pose serious health and environmental risks. It cited mercury PCBs arsenic lead chromium nickel and other metals, plus toxic organic compounds and solvents, with concerns over disposal and exposure. The Vatican and U S authorities discussed safety amid recent findings.
A messy legal notices page records probate for the estate of Reverlad Bernard L. Witte and an executor Edmond J. Becker, filing in Linn County Iowa. It also lists incorporation filings Chandler Topic Co and tax and bank statements from First Trust and Savings Bank, plus a sheriff sale in Cedar Rapids and a Fairfax State Savings Bank report.
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