Broad stock market gain after record March inventory drop
New York trading opened with a stock surge as March inventories fell by a record 1.92 billion dollars, lifting the Dow by 8.69 to 849.19. Volume leaders included Occidental Petroleum and IBM amid a market broad advance with 1,000 issues up and 300 down on the NYSE.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
New York Stock Exchange
Wall Street
Occidental Petroleum
MGIC
Browning Ferris
Westinghouse Electric
Sears
International Paper
IBM
Texaco
NYSE
American Exchange
Wheat Tops Uneven Market as Prices Inch Higher
Chicago traders closed mixed with wheat up 4 to 1 cent. May futures rose on milling demand before profits trimmed gains. corn and oats largely steady to lower while soybeans drifted down. Des Moines hog prices posted gains, and cattle and butter markets showed varied activity across Illinois and Iowa markets.
MENTIONED IN THIS ARTICLE
Chicago
Des Moines
Cedar Rapids Hog Market Steady with Mixed livestock quotes
Friday Cedar Rapids markets showed steady hog prices with butchers 200 to 230 pounds at 44.00 to 44.50 and sows 39.50 to 40.00. Heavier animals faced per 10 pound discounts up to 300 pounds. Sheep and grain values included prime lambs at 4600 to 84800 and No 1 yellow corn at 2.49. Gold and silver quotes were also listed.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Joliet. i
UPL
Chicago
USDA
Washington
Idaho Falls
Oregon
Alabama
Reds
Webster City
Iowa
Cedar Rapids
Waterloo
Community notices and local crime briefs in Cedar Rapids
Police and community ads list movie showings in Marion and fundraisers, plus yard sales and local store promos. A string of thefts and missing money reports from residents, including food coupons, cash from a hotel, and motorcycle gear, are noted alongside promotions for Mother's Day gifts and local events.
MENTIONED IN THIS ARTICLE
Cedar Rapids-Marion
Farmer's State Bank
Marion
Utilities to Fight FEA Coal Burning Order
Four Iowa utilities including Iowa Power and Light Iowa Public Service Iowa Electric Light and Power and the Ames municipal utility vow to contest an FEA order requiring coal usage to substitute for natural gas or oil in electricity generation. Iowa Power and Light says bills will rise and equity is unclear without broader fuel substitution orders.
MENTIONED IN THIS ARTICLE
Associated Press
Iowa
Federal Energy Administration
FEA
Iowa Power and Light Co
Des Moines
Iowa Power
Jack Luhring
Iowa Public Service of
Sioux City
Iowa Electric Light and Power of
Cedar Rapids
Ames
Madden Heads Harnischfeger German Subsidiary
Henry T. Madden, longtime head of Harnischfeger hydraulic equipment in Cedar Rapids, is named president of Harnischfeger G.m.b.H. in Dortmund, giving him full managerial control of the European firm. The appointment, effective May 1, is announced by James A. Mezera, with Madden to lead the division until early June.
MENTIONED IN THIS ARTICLE
Henry T. Madden
Harnischfeger Hydraulic Equipment
Cedar Rapids
Harnischfeger G.m.b.h
James A. Mezera
Madden
Harnischfeger
Cedar Rapiods
Notre Dame University
University of Pittsburgh
G.m.b.h
Dortmund
Second Anti-Trust Suit Filed in Iowa Tax Case
A multi million dollar anti trust suit was filed in Cedar Rapids federal court by 15 Dubuque area tax plaintiffs and two disbarred Minnesota lawyers against U S district judge Edward J McManus U S Atty Evan Hultman and the American and Iowa State Bar Associations alleging a conspiracy to deprive constitutional rights and restrict interstate commerce They seek 1 5 million in damages plus 4 5 million for alleged anti trust violations and 3 million punitive damages The suit follows a May 2 incident when unlicensed attorneys were barred from representing the group and asks for a three judge court to rule and a restraining order on licensing procedures
MENTIONED IN THIS ARTICLE
U.S. District Court
American Bar Assn
Iowa State Bar Assn
Cedar Rapids
Dubuque Area
Minnesota
Edward J. McManus
U.S. Atty
Evan Hultman
Gary Wennell
Bar Association
Fire destroys garage and car on Ellis Boulevard NW
A garage fire started Friday when a trouble light fell into gasoline, destroying a garage and a car at 1606 Ellis Boulevard NW. The car belonged to Leo Cannon. No injuries were reported. Firemen received the alarm at 11 34 a.m.
MENTIONED IN THIS ARTICLE
Ellis Boulevard NW
Leo Cannon
State rests case in White murder trial
The Iowa Linn district court trial for Johnny D. Lee White ends its state case after presenting evidence about ammunition and a gun said to be used in the crime. Testimony from Norma Bergen was completed, with earlier delays tied to sworn depositions.
MENTIONED IN THIS ARTICLE
Johnny D. Lee White
Linn
Norma Bergen
White
Ansel Chapman
Lowa
Man Arrested During Apparent School Breakin
A 26 year old man with the name Mike tattooed on an arm was arrested after a breakin at Kenwood school on 3700 E avenue NE. He was hospitalized at St Luke's after a foot chase and incoherent questioning. Police say he appeared to be under the influence of a drug and that burglar tools were found with an unopened metal box of student prescription medicines nearby.
MENTIONED IN THIS ARTICLE
Mike
E Avenue NE
John Doe
Escapee VanDee Captured After Jail Tunnel Plan
Steve VanDee 18 of 426 Seventh Street SE was jailed in Linn County on a larceny charge. He escaped Wednesday by tunneling through a wall to the courthouse basement and was recaptured Thursday evening in southwest Cedar Rapids after authorities learned he was in the area. Sheriff Walter Grant cited lax security and a large inmate population as factors. He warned of the need to reinforce the tunnel wall, a project costing about 5000 dollars funded in the next fiscal year starting July 1.
MENTIONED IN THIS ARTICLE
Bergen
White
Rex
Lillie Phillips
Cedar Rapids
Steve VanDee
Seventh Street
Linn County
Walter Grant
VanDee
van Dee
Grant
Board of Supervisors
Also Mentioned on This Page
The
Conde
Pete Furn
Airc
Lenvalind
RTE Corp Se
LFE Corp
Nam
Horizon Cp
Midid Mtg
Yotesingala
AJ Indust
Chrysler
Lionel Coro
Armco
ArmstCh Asarco
AsmiOt
Anirich
Atlas Corp
Avco Corp
Avneting
AvonPd
BucvErie Ea
Corey Wig
Uae
Omaha Livestock
OMAHA
U.S
Kidde Comm
Keuffel & Esser
Life Investors
LTV Corp
Mapco
Moon McCord Corp
Mid-America
Neare
Mid-Continent, Inc
Miracle
Ozark Paxell, Inc
Quaker Oats
Rockwell
Syntex
United Fire & Casualty
United Guaranty Univor
Victor Corp
Winnebago
Chicago Cash Grain
Hogs
Joliet Livestock
Sioux City Livestock
Webster City Livestock
C.R. Markets
Lamson
Freder Cattle
Lamson Brothers
Waterloo Hogs
London
Prev Moy
New Leaf Health Foods
Mt. Vernon Rd
Delores LaGrange
Favenue
P-3
14Th Ave. S.E
Linda Williams
Hamburg Inn
Center Point Road
Coe College
Michael Wilhelm
Leroy Wilhelm
Manchester
Korea
Pierson
Avenue Floral
Adv
Europe
Center Point Rd
David Hammond
Bishops Downtown
Evy’s
Marilyn
Tony
Wear Trio
Paramount Theater
Joseph Johnson
Dover Street
Allison
First Avenue SE
Johnson
Litton
Jerry Boddicker
Charlotte Olson
Baresh Rental
Gary Bye
Langdon Avenue
Jefferson High School
Dale's
A” Ave. NW
Blue Moon
1St Ave
Norman Johnson
Eighth Street
Regis High School
Prairie Dr
K Ave
Montrose, Doors
DIAL
Phillips
Cedar River
Third Avenue Bridge
Third Avenue
Courthouse
Peoples Bank
FBI
van Steenis
Kenwood School
St. Luke’s Hospital
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