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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 30, 1975
Page
10
NEW YORK AP The stock market rallied Friday after the government reported a rising leading index and Ford's midyear outlook boosted hopes for economic recovery. The Dow Jones average climbed, with shares in oil services and major industries advancing while declines were limited.
Friday Cedar Rapids hog market mostly lower with butchers at 45.25 to 46.00 for 210 to 240 lb, and over 240 lb down 2c per 10 lb to 260, then 50c per 1 lb to 300. Cattle and sheep quotes, grain prices listed. Des Moines reports show slower hog trade with prices varied by weight and grade across multiple ranges.
Major General Curtis LeMay announced that about one square mile, nearly half of Tokyo, had been destroyed as part of air raid operations. The claim highlights extensive Allied bombing impact and strategic targets in the capital.
In Chicago options trading, corn and oats gained in late action as short covering and buying pushed prices higher. Soybeans closed uneven and wheat slipped, with July corn at 2.20 and soybeans around 5.02.
Cedar Rapids safety commissioner James Steinbeck says a building permit for a 7 11 store at Bever avenue and Memorial drive SE will be issued unless a court injunction stops it. Neighbors seek zoning changes and a resident filed for a permanent injunction. owners seek $500000 in damages if the permit is denied.
Cedar Rapids man Lang Leonard, 45, was sentenced to seven years on two counts of false pretenses and three years for conspiracy in a grain fraud case. He will appeal to the Iowa Supreme Court. Seven others face trial. brothers Kim and Craig Barker pled guilty. Prosecutors allege Froning's elevator paid over 1.5 million for phony grain, using bogus scale tickets for soybeans in 1972.
Monroe elementary closes as a center and transfers are approved. Forty seven students move to Grant Wood, nineteen to Erskine, while two dozen to Squaw Creek, with remaining two hundred bused to Squaw Creek. Open houses and visits eased the transition as officials note space limits and desire to keep siblings together.
An armed man described as 18 to 20 years old with a shotgun robbed the Pizza Hut at 1016 First Avenue NE on a Thursday, taking an undisclosed amount from the cash register while 26 to 20 customers were inside. The suspect fled on foot after the hold up.
Cedar Rapids area notices report hubcaps valued at 106 dollars taken from a car on Chestnut Lane NE. A death is recorded for Mrs. John J. Jenkins of Columbus Junction after a sudden illness, survivors include Harriet Newman Richard Jenkins and Lillian Witwer. Various ads note sales, club elections, and rental offers. another theft involves a 23 inch color television and related items.
Doneld Binner, 46, Milwaukee Railroad employee, was injured repairing crossarms at a rail crossing east of Elberon Marian when a southbound semi truck lost control on wet pavement. Binner remained in critical condition. driver Emil Marr, 24, New Hampton, sustained minor injuries. Binner hospitalized first at Mercy in Cedar Rapids then transferred to Iowa City.
Potentate Haswell Anthony said the Shrine operation at 125 Fifth Street SE was shut down after it closed last Saturday due to lack of participation and not being financially viable. The lounge will stay open and the dining area and kitchen will be kept for cage service.
Anthony cites parking shortages and competition from other activities for the shutdown and hopes for a re sumed service with a new arrangement. The article notes that years ago the senate rejected a salary increase yet kept a $2 500 annual tax free expense allowance for members.
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