Stock market slide trims gains as traders react to rail strikes
New York shares declined broadly with Household Finance down to 52 as investors priced in rising rates and rail strike fears. Niagara Mohawk, First strike, and Fannie Mae posted losses while Yonkers Raceway and Cinerama posted gains amid volatile Amex activity and higher trading volume late in the session.
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Cattle Market Prices and Livestock Listings
Market report shows bids for steers and heifers around 19 to 31 dollars per hundredweight, including prime and utility categories. Sheep, lambs, and poultry prices listed with dealers in New York and local markets, noting delivered options and varying quality grades.
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Chicago Livestock Chicago
Isna
Eeu Meray Ioc
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Iowa Youths Face Lack of Summer Jobs
Des Moines reports 15 to 20 percent of Iowa youths seeking summer work will be unable to find jobs. About 75,000 youths ages 10 to 23 are active in job hunting, with an estimated 13,000 to 16,600 not finding work. High adult unemployment and relaxed child labor rules blamed amid sluggish economy. Detasseling season cited as a bright spot with about 59,000 temporary detasselers needed.
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Des Moines
UPI
Iowa Employment Security Commission
Max Noe
Noe
Hawkeye
Chicago
Arguments Heard In Howell Suit Over Ambulances
Legal dispute in Cedar Rapids over ambulance contracts moves to briefs filing by end of the week. Howell seeks a perpetual injunction against city spending under a hospital contract, arguing state law limits municipal use of tax funds. The city defends the need to fund ambulance service beyond city limits.
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Cedar Rapids
Ansel Chap
Didge Chapman
Bun‘lyan
Howell
Iity
Ciy Council
Corn Gains Near Two Cents on Heavy Demand
AP reports corn futures rose nearly two cents amid strong demand and cover. soybeans up just over one cent, while wheat mixed and oats fell. Railroad strike seen minimal impact for now, but could affect futures if prolonged. At close, corn up 14 cents, soybeans about 4, and oats down. Chicago cash grain quotes follow with No 2 yellow corn at 1.54 and No 2 soft wheat at 1.54.
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Chicago Cash Grain
Chicago
Outreach Group Condemns Cross Burning Incident
The Guiteach committee of Jake Boyd Community House condemns cross burning and vandalism at William Cotton home on May 6 in Cedar Rapids. The letter, signed by Viola Gibson, cites harassment of Black community leaders Hugh Gibson and his family and urges authorities to bring perpetrators to justice.
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Guiteach
Jake Boyd
Cedar Rapids
William Cotton
Cotton
Thirty-fourth Street
Gellar Rapids Human Rights Commission
Viola Gibson
Hugh Gibson
Gibsons
Gibson
Pate Young
Damage claim sought for bowling lanes at Tropic Lanes
Ww H Weakstein asks Cedar Rapids city to reimburse 3925 for water damage last winter to Tropic Lanes equipment at 124 Third Street NE. He alleges roof drainage negligence after a leak spread from Danceland ballroom to Tropic Lanes, noting storage payments while building sits idle under urban renewal.
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Wenkstein
Danceland
Department of Urban Yennwyal
Cedar Rapids
Tia
Pone Ai Wee Ae Aq Np
Balance of Payments Deficit Rises to Record Level
The Commerce Department reports a first quarter deficit of 5.9 billion on the official reserve transactions basis, with a liquidity basis deficit of 3.0 billion. Excluding SDR allocations, the official deficit nears 5.7 billion, while Treasury Secretary Connally warns the level is unsustainable.
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Washington
U.S
Commerce Deparment
Montag
Department
Treasury
Connally
Senate Finance Committee
Author Dead Jack Woodford publicist Josiah Woolfolk dies
Williamsburg Virginia AP reports Josiah Woolfolk aged 77, publisher of hundreds of short articles and more than a dozen poems under the pen name Jack Woodford, died Sunday.
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Williamsburg, Va
Josiah Woolfolk
Jack Woodford
Brown Pays Most of $20,000 Fine After Tax Conviction
Eugene Brown once led Tamia Packing Co and now lives in Fort Lauderdale Fla He has paid $19 000 of a $20 000 federal fine for evading 47511 in income taxes over three years Judge Edward de McManus was asked to grant more time to pay the balance Brown 44 Cedar Rapids IA spoke to a reporter saying he was anxious to settle the fine in full.
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Eugene Brown
Tamia Packing Co
Feveral
Edward de McManus
Brown
Fh. Lauderdale
Pla
Cedar Rapids
Malicious Injury Charge Dismissed Against Jenne Donahue
A charge of malicious injury against Jenne Donahue, 47, of M2 L slecel BW, was dismissed on a motion of the state. The case involved alleged damage to Hus Memorial church on March 10.
MENTIONED IN THIS ARTICLE
Jenne Donahue
Blanchy Jackson Pleads Guilty to Larceny
Blanchy Jackson an 18 year old resident of 833 Seventh Avenue SE pled guilty in municipal court to a reduced charge of larceny. She was fined $100 and costs for taking clothing from the Montgomery Ward store on the date in question.
MENTIONED IN THIS ARTICLE
Blanchy Jackson
Aywaue SE
Man Pleads Guilty in Reckless Driving Case
Walter Grishaber aged 64 of 1947 Forty-second Street NE pled guilty in municipal court to reckless driving, fined 100 dollars and costs. He was arrested October 17 on Fash Pout road by Linn County deputies after a drunk driving charge was filed.
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Patrick L. Pierce
I i Cavalier Street
Justice of the Peace
Glenn Powers
Pierce
Lian County
Fran
Linda K. Pierce
Walter Grishaber
Forty-second Street
Linn Sheriff's Deputies
Fash Pout
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