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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 10, 1971
Page
13
Financial and market news reports beans closing higher by oo cents while broad stock declines dominate. Uncertain currency outlook and weak earnings weigh on Wall Street with Warner Lambert down 14 at 72.34 after a large share block traded at 72.75.
CHICAGO AP reports cattle and hog markets steady to higher with live cattle in demand. Heifer prices hold while slaughter steers rise. hog futures mixed as traders weigh demand, with reports of firm to higher bids on select weights and grades. Prices for beef and pork products, along with grain futures, influence farm markets in midwestern trading. The column notes stock quotations, currency movements, and regional price ranges from Chicago and Omaha bureaus.
Late rallies in Chicago trading helped soybeans rise up to 3 cents above last week’s close, erasing earlier losses. Wheat finished lower, corn mixed, oats steady, and May soybeans up about 2.25 percent while May contracts showed modest gains in an otherwise unsettled session.
Delivered prices show live cattle and meat cuts with weight based discounts. Butchers under 230 pounds have minor reductions, rising to 260 pounds. over 250 pounds receive larger discounts. Sheep and poultry prices named with ranges for prime and choice grades. Corn and oats delivered prices listed for Monday trading.
A Cedar Rapids fact-finding committee of city officials began a field tour to inspect dilapidated housing across quadrants. Monday visits covered five northwest side structures with plans to extend to the southeast. The group will identify safety or health hazards and nuisances for report to the city council.
Police say vandals caused significant damage at Hoover School last weekend. Desks overturned and glass broken. breakin discovered Sunday morning.
Robert J. Helland son of Mr and Mrs Ernest J. Helland of 2022 Astern Boulevard SE received his PhD in drama from Yale University over the weekend.
A fragmented AP report notes potential TV news plans in Warsaw with ABC figures including Howard K Smith and Harry Reasoner. It mentions interest in evening news format, possible carriage by ECTG-TV and a goal tied to 1 million passengers in 1971.
Bob Thompson a 23 year old University of Iowa senior from Dubuque is interning with the Cedar Rapids parks department as part of the university recreation education program. He observes park maintenance and golf course operations while learning procedures in maintenance and land acquisition. Other field work students include Al Cassady Dennis Green and BI Bevill with local agencies during previous assignments.
The National Transportation Safety Board blamed brittle tank car steel and poor track for the Crete Nebraska derailment Feb 18 1969. Twenty one derailed cars collided with standing cars carrying anhydrous ammonia, killing six residents and injuring 53 others. Three transients also died. The board urged federal standards for track inspection and maintenance and studies on tank car steel to resist brittle fracture in cold weather.
U S District Judge Edward J McManus entered a 60000 verdict against Barco Corp of Bryansdale and its president Jotur Barakat in a lengthy dispute with Shell Over the insecticide DDVP profits after 1986 and trademark infringement under the name Yapma The ruling also deducts 46000 in operating losses for 1967 69 and adds 14000 for attorneys fees and costs
A Cedar Rapids jury of eight men and four women convicted Ted Linn David Goldamill and Glen Lucas of conspiracy to murder farmer Larry Olinger. The verdict spared capital punishment, with sentencing to be determined. The case tied to Goldsmith plans for insurance profits.
Sen. Proxmire urged a complete DDT ban after criticizing the EPA policy. He cited Regis High School's Regis newspaper and its All-America rating for writing, editing, and content, and compared past Nazi-era group suppression to current regulation debates.
Penick and Pore sue 13 racking firms in Cedar Rapids federal court seeking about 1700 in freight-rate overcharges. The suit alleges 3 percent spring 1988 tariff increases approved then rejected by the Interstate Commerce Commission. Damages range from 14.10 to 550.90 per claim. Defendants include Admiral Merchants Motor Freight All American Transport Briggs Transportation Bruce Motor Freight Carstensen Freight Lines Cedar Rapids Steel Transportation Bag Consolidated Freightways Consolidated Forwarding Churchill Truck Lines Gateway Transportation Gardens Transport Pacific Inter-Mountain Express Rock Island Motor Transit Krablin Transportation System Western Transportation Co.
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