Broad Stocks Rally As Citibank Cuts Core Rate
U S stocks rise on Friday aided by Citibank cutting its basic corporate loan rate to 7 percent amid signs of easing demand. The Dow Jones industrial average climbs 7.36 to 826.27 with early gains broad across NYSE. Trading slows into the Memorial Day weekend as investors weigh rates and liquidity.
MENTIONED IN THIS ARTICLE
New York
First National City Bank
New York Stock Exchange
Citibank
Federal Reserve
NYSE
Sony
Cedar Rapids Hog Market Steady With Varied Delivery Prices
The Cedar Rapids hog market report notes prices paid Thursday for delivered butchers 210 to 246 pounds by grade and condition, with prices ranging from 46.50 to 346.00. Sows around 300 pounds sold 40.40 to 41.00, while butchers over 240 pounds show a 26 cent drop per 10 pounds, and lighter weights face reductions to 16 260, then 50 cents for each 10 pounds above 260 to 300. Parkers incur 25 cent reductions per weight grade from 300 to 360 pounds, with 50 cents per grade down to 500 pounds and 10 cents per grade above 500 pounds.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Rome
SterDruig
AllsChal
Alcookm GP
Arras Ao Sunt
Katsrat
amBlcsi
Telex
Keane
Fine
Texaco
Amnion
Kenia
Feet
Analist
Labs
Joe Bete Amiat
Legisiva
Ampex Gara
Apeco
Cora
Levitz Fuen
Arented
Arico
Remick
Ilfeich
Macy
Warner
Seay
Buda
Ford
Cadence Ind
Coleman
Amaia
Orns
CenSow
Fecravs
Cereeda
Seavicty Gesnaaien
DES Moines
UPL
Shylagg Newn
Emery Phaediaha
Neerie
Ciniewe Ba
Peete
Basa Publehr
Eaton
Pusbloln
Echiin
Pug Sdp
Eipaso
Polke
Eieen Burin Bash ‘ Esmork
Elewsias
Flapwl
Cedar Rapids
Webster City
Jow
Fristay
Cattle Market Prices and Friday Livestock Quotations
Cedar Rapids and Des Moines area prices show choice to prime cattle at about 46 to 49 dollars, with steers around 48 a hundredweight and heifers near 58. Cows range roughly 19 to 22 dollars with yield discounts noted. Chicago USDA bulk prices and Omaha bids echo mixed steady trends across hogs, cattle, and feeders, with receipts forecast for next week and local markets reporting steady to firmer tendencies.
MENTIONED IN THIS ARTICLE
SHCCE
Cedar Rapids
Sheen Mackel
Sherri
AHA
Omaha
Néb
IAF
USDAL
Walmligh
Joliet
Livestork Felwoy
Racmptes Ak Coflle
Light trading drags Board of Trade prices lower
Chicago AP reports commodity futures closed down as technical adjustments dominated. Traders noted a looming record wheat harvest and improving corn and soybean crops with July contracts showing declines across wheat oats corn and soybeans.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Tresdigg
Chicago cash crash item with fragile OCR text
Fragmentary OCR notes describe a Friday entry with winter markets, two velioa symbols, and a reference to a person named Bidney. The snippet is unreadable in key portions but hints at a financial or betting context tied to a local Chicago area item.
Kennedy High Inducts 61 Into Honor Society Ceremony
Kennedy High School hosts 61 inductees into the National Honor Society at a Thursday evening ceremony in the auditorium. Faculty adviser Dennis Rhea, principal William Rainbow, and officers Matthew J. Novak president Cynthia Leheda vice president Mary White secretary Deann Fitz treasurer led the event with a reception for students and families in the cafeteria. The list includes seniors and juniors such as Deborah Barth James Birky Karin Bredeson Jef frey Davidson and Mark Alexander among others.
MENTIONED IN THIS ARTICLE
Kennedy High School
Willian Rainbow
Dennis Rhea
Matthew J. Novak
Cynthia Leheda
Mary White
Deann Fitz
Deborah Barth
Robert Benedict
James Birky
Karin Bredeson
Cathy Cooley
Francine Reisner
Doreen Rile
Jill Roesch
Katherine Thayer
Linda VanderWeg
Amy Zimpfar
Two Receive Sentences on Guilty Pleas
Linn District Judge John Ayland sentenced two persons in Linn district court Friday for guilty pleas. Rodney Overby, 20, of 1216 Fifth Street NW, got 1 year in the men’s reformatory at Anamosa for an armed robbery at the Log Cabin on Feb 13, after stealing $700 in cash and checks. David Coppess, 22, of 1613 A Avenue NE, received a six month suspended sentence for possession of a controlled substance with intent to deliver. he must serve 15 days with the rest suspended after police found nine bags of marijuana during a Feb 21 search. A third man, Jeffrey Gibson, had charges dismissed after information tied him to an incident July 21. later, it was noted he was in Anamosa when the offense occurred.
MENTIONED IN THIS ARTICLE
Linn
John Ayland
Fridsy Mneaing
Rodney Darwin Overby
Fifth Street
Anamosa
Overby
David Allen Coppess
A Avenue NE
Coppess
Cedar Rapids
Jeffrey Gibson
Hyland
Gibson
Dawn Gibson
Three Plead in District Court in Livan
Jeffrey Morgan Wise 19 of 3402 Adeline Dr p l e d innocent to an April 21 larceny charge for emptying 30 city parking meters. He also pled not guilty to an April 24 larceny of auto parts from Auto Care Center. Charles R Heiden pled innocent to breaking and entering alleged at John Bartosh residence Mount Vernon on April 20. Christine Alayne Gardner 27 of 211 Twentieth St NW pled guilty to forgery of a $50 check on April 22. Sentencing set for July 9 after a pre sentence investigation.
MENTIONED IN THIS ARTICLE
Livan
Jeffrey Morgan’ Wise
Adeline
First Avenue
Charles R. Heiden
Thirtieth Street
John Bartosh
Route Two
Mount Vernon
Christine Alayne Gardner
Twentieth Street
Northeast Rail Plan Keeps Open Sale Option for Lines
The USRA announced it would study long term value and potential mergers after forming a new Northeastern railway system. It did not endorse a ConRail that blocks future transfers and left open the possibility of selling lines to solvent railroads if warranted.
MENTIONED IN THIS ARTICLE
Northeast Rail Plan
USRA
New Consolidated Railway Corporation
Penn Central
Northeast
Midwest
Chessie
Norfolk & Western
ConRail
Ford
Jon Brees
Confac
Ines
New York
Pennsylvania
Ann Arbor
Memorial Day Observances Planned Across Cedar Rapids
Memorial Day events in Cedar Rapids include government offices closed and SEATS service halted. Amvets will direct the Memorial Plaza service with Navy Mothers, Fleet Reserve, and VFW Band performing at 11 and a.m. A memorial dedication to Korea and Vietnam veterans will occur with Rev. Leon Ralberts and other speakers. Senator Dick Clark will walk from Cedar Rapids to Palisades-Kepler State Park. Multiple cemetery services follow at Campbell’s, Eden Israel, St. John’s, Mt. Calvary, and St. Georges Orthodox cemeteries with Knights of Columbus and VFW firing squads participating.
MENTIONED IN THIS ARTICLE
Cellar Rapids
Savings and Loan
SEATS
Memorial Plaza
May's Island
Wnter
Amvets
Navy Mothers
Fleet Reserve
VFW Band
Sam
Ld A.m
Korea
Vietnam
Leon Ralberts
Logan
Joe Russell
Ray Williams
C.J. Rice
Collins Avionics Division
VFW
American Legion
VEW
Ralph Podzimek
John Melvor
Jack Hines
Dick Clark
Cedar Rapids
Palisades-Ke- Per State Park
Clark
Etca
Highway 30
Kirkwood Boulevard
Park
Campbell's Cemetery
Bertram “Township
Theorore Lilley
Eden Israel Cemetery
Hawthorne Drive
St & Im
St. John’s Catholic Cemetery
Clarence Frata
Knights of Columbus
Mt. Calvary Catholic Cemetery
Joan Gallagher
Bowen General Assembly
Americas Legion
Mt. Calvary
St. Juhn’'s
St. Geurou's
Cematery
AT&T Stock Trade Probe Is Launched
New York stock exchange says it has begun an inquiry into AT&T stock and warrant trading after SEC scrutiny of warrant expiration and conversion to stock. Morgan Stanley led brokers in the syndicate amid reports of warrants converted to stock at discount and resold higher.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
NYSE
James J. Needham
Securities and Exchange Commission
SEC
At&t
Morgan Stanley
Williamsburg Motel Named in Lawsuit
Augusta Speiser sues Wayne and Vivine State operators of Crest Motel in Williamsburg in Cedar Rapids federal court seeking 30000 dollars. She alleges a fall on a raised sidewalk on June 17 1923 caused a fractured left elbow and pelvis, hospitalization, surgery, medical costs of 1272 dollars, and seeks 20000 dollars for future medical bills pain and suffering and permanent partial disability.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Williamsburg
Augusta Speiser
Wayne and Vivine State
Crest
Dame
Quasquetin driver rear-ends pickup in three-vehicle crash
Laverne Mahoney 53 of Quasqueton treated at Mercy Cedar Rapids after collision at a rural intersection when Erwin Kress 34 of Quasqueton failed to yield. Mahoney suffered scalp, elbow and knee injuries with possible chest injuries. Kress released after treatment. In other actions Dennis Akers 27 jailed ten years for breaking into F and R Gull service station. Marc Ferguson 20 charged with criminal trespass.
MENTIONED IN THIS ARTICLE
Quasquetin
Laverne F. Mahoney
Mercy Hospital
Cedar Rapids
Here
Mahoney
Erwin Kress
Quasqueton
Kress
Buchanan County Sheriff's Office
Prime Lending Rate Reduced by Bank to 7 Percent
New York's First National City Bank said it lowered its prime lending rate from 7 to 7 percent, citing a drop in short term rates. The move follows a peak of 12 percent last summer and aligns with a decreasing trend in the recession.
MENTIONED IN THIS ARTICLE
New York
National City Bank
Services Are Monday For Phillip Torpey
Phillip R. Torpey, 31, a former Vinton resident and Vietnam veteran, died after a two week illness in a hospital. He is survived by his mother Madonna Torpey and three brothers, with services set for Monday at 2 PM at St. Mary’s Catholic Church and a wake Saturday at Campbell’s.
MENTIONED IN THIS ARTICLE
Vinton
Phillip R. Torpey
Goethe
Uonola Methodist Hospital
Delmar
Coe College
Cedar Rapids
Madonna Torpey
Dale
Des Moines
Tom
Dan
Cameron
Gery McComas
Mon- Tee
Fstella Ryan
de- Witt
St. Mary's Catholic Church
Wake Surulay
Campbell's
Also Mentioned on This Page
Bata
West Watts Revi
Gn SC Co
Sears
Tata
Soretta
Rolston
Watt
Ieee
API
USDAI
Lindertone
Iowa
Lamson Bretmerst
Beatrice Foods
Storesman Vpat Ves Haralsciiger
Howkeye Bancorp
Loterstole Powertoma Electri Foward
Ohn Deere
Kidde Gomat
Hoult & Essar
Wiaiaha Lite
Cori Wile Weare
Nealon
Ason Brothers Low Ose
C.R. Markets
Pridav’s
Lemson Brothers
Close Prey
Larrison
Waterloo
Mesalivey
Corot
Gacd
Areday
Enda Limited
Lawer
Bolien
IPI
USDA
Jorge
Prey
Webster City Livestock
Sloux
Touraday
U.S
Jowet Livestock
Kennedy High
C.R. Memorial
At&t Stock Trade
Walker
Akers
Dennis Nolan Akers
Alb First Avenuue
Linn District Court
Fort Madison
Statin
Gle
Marc S. Ferguson
E Avenue
Ferguson
Second Avenue
Israel
Adolf Eichmann
Argentina
Phillip Torpey
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