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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 11, 1973
Page
24
Stocks extended declines amid a volatile session as investors priced in ongoing monetary tightening. Late deals showed broad weakness with major tech names and camera groups among the hardest hit, including Polaroid and Fairchild. The Dow and Nasdaq posted losses, with traders watching the Fed's guidance and economic data for direction.
A scan of New York markets shows fluctuating grain and livestock prices with notable activity in beef and dairy futures. Reported figures include cattle weights from 200 to 500 pounds, pricing for cows and butchers, and regional quotes from Cedar Rapids to New York exchanges, highlighting delivery timing and market steadiness amid varied demand.
Fragmented OCR style item lists livestock quotes, prices, and names in a dated market ledger tone. Mentions pork bellies and hogs with various prices, places, and times, showing a chaotic ledger entry with partial figures and unclear participants.
A House subcommittee approved a hospital bond measure for the University of Iowa, authorizing 3.9 million in revenue bonds to expand the university hospital front tower. The plan, debated March 6, moves to the full Appropriations Committee with support from Rep. Richard Narpell and Rep. Nobert Kreamer, amid questions about the tower’s impact.
Readable market notes show price movements with beans dropping 3b to 5b May futures while corn and soybeans adjust. Local businesses list includes Manshine Quilting and Beidle’s Barber Shop with service ads. Chicago ad column highlights store and station notices and a flu-related report from a local depot.
Floods grip the Mississippi basin as the Yazoo and other rivers rise toward crest levels through Saturday. Officials warn farmers face weeks more of submerged land with extensive crop and property losses. Louisiana and Mississippi report billions in damage as flood restrictions and levee seepage strain resources.
Iowa City planning board delayed Hawkeye Plaza rezoning amid a 2 acre southeast Iowa City site proposed for a $10 million center by General Grawtt Properties. Planning and Zoning deferred action for full city staff review. council decision not expected until next month due to possible conflicts of interest among two members.
Four persons appeared in municipal court waived preliminary hearings and were bound over to the grand jury on theft and fraud charges. Steven Fowler of 908 Bills Boulevard NW is accused of motor vehicle larceny for allegedly taking a 1971 car belonging to Lloyd Mumphreys on Jan 26. Jacquelyn Ballew, listed with a southeast side address, is charged with false presenting of a check for 59.42 to Pier Coe Im-1. Michael Christensen of 98 Fourteenth Avenue is charged with larceny in connivance related to theft of two parking meter heads from the 00 block of Sixth Street SE on Feb 10. Thomas Seaton of 102 Second Street SW is charged with breaking and entering in connection with a Feb 10 incident at the Haunted House located at 200 Second Avenue SW.
In Rockwell City Iowa officials report inmates at the Vernon reformatory broke into a cottage and took two hostages after Maria Spates 21 of Waterloo was denied a funeral furlough. Superintendent Wallman said guards Florence Conrad and Mange McKowan were kept safe as the disturbance ended with the release of the hostages. Three inmates were named as held out while the situation escalated. authorities moved to resolve the crisis and restore order.
Town City officials remove playground equipment from a disputed parking ramp site along Burlington street between Linn and Dubuque. The proposed two million dollar ramp faced opposition after trees were planted, a park bench and jungle gym appeared, and signs declared the area city property before removal.
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