Stocks Plunge Amid Inflation and Dollar Woes
New York trading opens with sharp market drop as investors shake confidence in inflation trends and Nixon era policies. Dow Jones industrials fall 13.40 to 914.58 by 2 pm, with 1,500-stock index off 0.56 and broad losses across NYSE and AMEX. Major names like Exxon, General Motors, and Federal National Mortgage are among the decliners amid volatile commodity and bond signals.
MENTIONED IN THIS ARTICLE
NEW York
Investoy
Federal Reserve
Dow Jones
New York Stock Exchange
U.hu
Uber American Stock Exchange
Hspeeet
Tate General Motors
Seoud
Perah
Banse
Alan Wee
Pulau
de Des Moines
Minge
Deynane
Bukhars
Busek
Tod Baty
Mae York
Ine Differaica
StosinaEairdh Canyer
Rico Fain
Seartour
Alistel
Benin
Reuyind
Ag Lion
Ravi
Ryuriys
Newi York
Daw Jones
A.r
W. AO Industrials
Satewy
GAR Cro
al G Biliies Vettt Sens
Rae
Gendl
Sega
Fioux City
Livestock Age
Ae Geneseo
Sio
Searles
Aera
Anit
Sint Mar
Tsao Ie
Setae
Webster City Livestock Rane
Atten i . SouPae
Abrage
al Snyihy
He Ao Aa
Fae
Botehars
Viata Bute
Aevaibuet
Harris Tut
Gypeang
Tinkitk
Bata
Lenis
Gmalia
Sas
Nah
Villi and
Barden
Katy Iniack
Brenda
Burr Ind
Ib Mighty
Fara Lamson
Burr
Bureshy Oh Raticg
Kresves
Rage
Ur—Handy
Ierpea
Thonday
Levine
Fiirn
Wasleig
Weverhaib
Chicago
Whalesale
USDA
Vanitaker
Dalivery
Chiragateady
Walliams Co
Heat Helen
Minneteno
Eas Tel Sleeres Destraeere
el Wolwin
Resean
USDAS
Alferini
Associated Press
Marcor
Fancy Smails
Avore
Combe
Mayost
Comisal Wavieg
Latison Brothers
TB J. Cabin
Alta
Nahleen
Werner
Cedar Hop Hog and Meat Prices From Saturday Market
Price reports show hogs weighing 200 to 230 pounds bringing around 540 to 580 dollars depending on grade and condition. Sows near 300 pounds fall to about 81 dollars, with other weight classes and packers receiving varying deductions by weight and grade. Prices for cattle, lambs, and grain appear in broken phrases, with several missing or garbled figures.
Soybean futures rise as old crop gains offset by weaker new crop
In Chicago market trading, heavy buying and short covering lifted most old crop soybean contracts while new crop options slipped. May corn advanced a few cents, wheat rose modestly, and soybeans finished with gains in the old crop months though May soybeans showed no limit. May wheat and corn posted higher closes.
MENTIONED IN THIS ARTICLE
Chicago
Hassindes Morty
Premier 7 Percent Return on MorAmerica Debentures
MorAmerica Financial Corporation offers registered ten year subordinated debentures due November 20 1962 to Iowa residents. They pay 7 percent annual interest, semi annually on May 1 and November 30. Offered by The Morris Plan Securities Company Cedar Rapids Iowa with prospectus and annual report available.
MENTIONED IN THIS ARTICLE
MorAmerica Financial Corporation
Iowa
Morris Plan Securities Company
American Building
Cedar Rapids
Three Year Investment Certificates Offer High Yields
Prospectus offers three year investment certificates with returns up to 614 percent and monthly interest options. Certificates issued in $1000 multiples require at least $1000 for semi annual interest and offer higher monthly payments with a $5000 minimum for $26.05 per month.
Churches offer Indians $3000 and office space in Des Moines
Religious leaders in Des Moines offered the American Indian Movement $3000 for one month to operate an ATM office. The offer included church space from the Catholic social action division. Rev James Thomas of the Iowa United Methodist Church confirmed the cash gift, with additional funds previously pledged by the United Presbyterian Church.
MENTIONED IN THIS ARTICLE
Des Moines
AIM
James §. Thomas
Iowa
Parrish
United Methodists
United Presbyterian Church
Sickle Cell Screening Bill Passed by House
DES MOINES AP says a bill to require prescreens and premarital screening for sickle cell anemia was approved 78 4 by the house Monday. The measure targets individuals susceptible to the hereditary disease, with Rep Will Hargrave noting limited data on incidence. The bill moves to the Senate for final action.
MENTIONED IN THIS ARTICLE
Des Moines
Lawa House
Will Hargrave
Délana City
State Health Commission
Kacher and Johnson Cases Bound to Grand Jury
Two municipal court defendants, Rita Kacher and Belentia Johnsen, appeared for preliminary hearings. Kacher waived, sent to grand jury over alleged April forgery of a Rim Stramel rim item. Johnsen, on Tenth Avenue, released on bail after a hearing, faces two forgery counts for checks totaling 78.56 at Target and 10.87 at Killian’s on Oct. 3 from Blaine Newpart’s account.
MENTIONED IN THIS ARTICLE
Rita Kacher
Toutar Rapids
Jin Stramel
Belentia Johnsen
Tenth Avenue
Ste
Killian
Blaine Newpart
City Briefs Report Multiple Local Thefts and Events
A string of brief items notes missing items from various locations including a gas grill, cash, tools, and a watch, with multiple incidents reported around Cedar Rapids and nearby areas. Separate notices mention a parents workshop at a Presbyterian church, a safety award for United Airlines, and a police update on hospitalized patient Charles Belivends at Mercy hospital.
MENTIONED IN THIS ARTICLE
Charles Belivends
Nigh Street
Mercy Hospital
United Safety
C. C. McIntyr
United Air Lines
Cedar Rapids
National Safety Council
Uniter O Nffice
Joe
Nebergan Elected A Brenton Director
Nebergan, president of Brenton Bank and Trust Co. of Cedar Itayids, was elected to the board of directors of Breton Banks, Inc., at the annual meeting of shareholders Monday in Des Moines. Directors re elected included Paul M. Shaini of Vinton and William E. Brenson, chairman of the board.
Low Area Frost Likely in Iowa
The National Weather Service warned of frost in low lying Iowa areas Monday night. Tuesday should turn warmer with mid to upper 40s in western Iowa and near 50s in the northeast. Sunday night readings dropped low in the upper 40s with mostly clear skies.
MENTIONED IN THIS ARTICLE
Iowa
Ntional Weather Service
Towa
Weather Service
Truck Tax Bill Faces Senate Review After House Approval
Iowa House backed a 3 percent use tax on interstate carriers by a 77 to 60 vote. A conference committee preserved the tax for large truckers, overturning a Senate amendment that would have kept the exemption for interstate commerce trucks. The measure now awaits Senate action before reaching the governor.
MENTIONED IN THIS ARTICLE
House Des Motnes
UPI
Iowa House
Senate
Rartier
House
Woman Arrested in Assault Charge in Realty Simpson Case
Simpson, 43, of 120 Oakland Run NS, was arrested Sunday on an assault and battery charge after a warrant by Justice Glenn Powers. The incident allegedly occurred in May at Kay Rodriguen’s residence on West Fifty-Fifth Street. Rodriguen alleges Simpson struck her. Simpson was released on $110 bond and pled innocent. Trial set for 2 p.m. May 2.
MENTIONED IN THIS ARTICLE
Simpson
Oakland Run
Justice of the Peace
Glenn Powers
Kay . Rodriguon
Wtirty-fith Street
Rodriguen
Trade Bill Finally Is Sent to Senate
House debate closed with passage of the trade bill after trimming provisions. Rep. Dilip of Aries indicated amendments expected in the Senate while ensuring the bill moves forward amid the dispute over juvenile records and public safety data handling.
MENTIONED IN THIS ARTICLE
Senate
HS Moines Hut
Norman Dilip
it-Aries
Dunlup Sai
House
State Department of Public
Passenger Hurt In Fall From Cycle
Terry A Clothier, 17, Springville, injured when a cycle he rode as passenger went out of control, struck a curb, in Springville Saturday night. Treated at a Cedar Rapids hospital and released. Gary D Knoke, 25, Utawala, operator of the cycle, charged with leaving the scene of a personal injury accident and driving with a suspended license. He was arrested Sunday and released from county jail after posting bond.
MENTIONED IN THIS ARTICLE
Terry A. Clothier
Springville
Cedar Rapids
Gary D. Knoke
Utawalha
Ater
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C.R. Markets
Ehicago
Futurat
Prom Plost
Jaffray & Hopwood
Ann Ing
Cee Annes
Beatrice
Tay Town
Keuttel
Pairaele
Quaker
Oais Fk
Eire
Cowsally
Victor Cara
Wilson
C& Th
Rage Winnebag
Relwinin
Caluma
Retina
Saturn
Fetras
Rehuns
MorAmarica Finano Arorinan Luilding
Motil
Snell
Kacher
Johnson
Wehool
Dobite County School
Wiight Presbyterian Church
One Avenue
Wirth Street
Marlyca Duta
Tiay Pov
Becky
Gulf Station
First Avenue NE
Alghy
Marion —Ady
Optinésis
Cedar Stapkls Pa- Jew Department
Elza Bowers
Center Point
Sol Fifteenth Street NE
Greatesh
Mackin Diamond Vogel Paint Center
Vernon Rd
Tom Gregory
la Salon Bleu
Call i
Adyars
Vernitt Fawcolns
Tor Polite
Merson
Gropery
Center Point Road
Scott
Lveslay Ab
Mardi Jardens
Dwtsk Ave
Diana B. Arno
Alice Hall
Fourth Avenue
Robert Jensel
Twenty-third Street
Twenty-hind Street
Nebergan
Brenton
Gazette
Spain
Alidoys
Sisi
SENDA
Bemta Spn
Aliphay Advanin Ses
Ta Qin
Marin MII
TVA
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