Stock Market Falls Amid NYC Financial Troubles Impact
New York stocks eased on Monday as investors waited for clearer signs of how New York City's financial problems could affect the national credit system and economic recovery. The Dow fell 6.07 to 829.97 as losers outpaced gainers on the NYSE, with slow trading and mixed results across major issues. Federal National Mortgage traded actively but dropped to 14 1/8, while the NYSE composite slipped to 46.72 and the American Stock Exchange index eased to 82.75.
MENTIONED IN THIS ARTICLE
New York
New York City
New York Stock Exchange
Federal National Mortgage
NYSE
American Stock Exchange
Veterans Day closes Wilson cattle hog and sheep markets
Monday markets across Wilson Waterloo Sioux City Omaha Joliet Des Moines report hogs cattle and calves trading uneven to lower. Prices show 200-260 lb hogs around 46.50 to 49.00, sows down 2.00 to 2.25, steers and heifers mostly lower with typical ranges 44.75 to 46.50 for midweight cattle. Estimated receipts vary by market with light demand noted in Des Moines and Joliet reports.
MENTIONED IN THIS ARTICLE
Webster City
Des Moines
UPI
Midwest
Boston
Wilson
Waterloo
Sioux City
USDA
Omaha (Ap
B&b
Joliet
Federal
Esom
House Unit Okays 7 Billion NYC Loan Guarantee
The House banking committee approved a bill to guarantee up to seven billion dollars in loans for New York City. The measure passed 23 to 16 with five Democrats voting against and only two Republicans supporting it. The bill sets no default time limit and creates a federal board to administer guarantees without a mandate to make them available.
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
New York City
Senate
Hugh Carey
New York
House Committee
Ford
Reinis Campaign Finances Listed
Reinis campaign expenditures for the re election of Cedar Rapids Parks Commissioner Stan Reinis totaled 362.05 by October end per the county elections office disclosure. The top expense was 319.30 to Service Press, with year total contributions of 1,010. Major $50 contributions came from G Hotchkiss and R Gazette located at 3414 Shasta drive NW and 2224 Country Club parkway SE respectively. Accounts on other candidates' finance reports appeared in The Gazette earlier.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Stan Reinis
County Elections Office
Service Press
Reinis
G. Hotchkiss
Shasta Drive
R. Gazette
Country Club Parkway
Gazette
Grain prices fall on Chicago Board of Trade
Wheat, corn, and soybeans closed substantially lower on Monday with oats also down. Wheat eased to 15% cents, corn 4 to 10, oats 1 to 1 3/4, and soybeans 11 to 17. Cash grain quotes showed No 2 hard winter wheat at 3.67, No 2 soft red at 3.62, corn No 2 yellow at 2.55, oats No 2 heavy at 42, and soybeans No 1 yellow at 4.0.
MENTIONED IN THIS ARTICLE
Icha Adams
Kresoes
Kroger
Leorsieg
Macenitt
Quenille
Fonseel
Mie Bassedoer
I. Eynin
Lamson Brothers
Chicago
UPI
USDA
Board of Trade
Cedar Rapids Referendum Battle Over 7 Million Center Bond
About 250 signatures were filed by the Monday deadline to force a referendum on a 7 million Cedar Rapids community center bond issue. State law requires roughly 2,000 signatures by 5 p.m. Tuesday to trigger a vote. without them the council can sell bonds without resident approval. Councils say they will interpret the petition shortfall before deciding whether to sell the bonds.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
Zoning Change Sought For Governor's Mansion Value
Iowa officials rejected the lone bid for Terrace Hill and will study a zoning change to fetch a higher price. Don ald Anderson offered 121 160 to buy the mansion as appraisals ranged from 130 000 to 138 000. Officials cited below appraisal value and lack of housing plans for Governor Robert Ray.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Executive Council
Donald Anderson
Anderson
Maurice Baringer
Robert Lounsberry
Robert Ray
Terrace Hill
Iowa
Dubuque Bank Joins Banks of Iowa as Sixth Member
Key City Bank and Trust in Dubuque becomes the sixth member of Banks of Iowa, the state's largest bank holding company. The merger approval by the Federal Reserve clears the purchase of 182,709 Key City shares, with no management change at Key City. Banks of Iowa assets total 603.6 million. nine months earnings at 3.93 million. A 25 cent December dividend is declared. Key City traces to Epworth Savings Bank of 1905, bought by Iowa National in 1966.
MENTIONED IN THIS ARTICLE
Dubuque
Key City Bank and Trust
Banks of Iowa
Key City
Iowa National Investment Co
Federal Reserve System
F. Forbes Osberg
Banks of
Iowa
Merchants National
Cedar Rapids
Union Bank and Trust
Ottumwa
Valley National
Des Moines
Council Bluffs Savings
First National
Burlington
Banks of Iowa Computer Services, Inc
First National Bank
Sioux City
Federal Reserve Board
Con
Epworth Savings Bank
Iowa National
Plan Issuance Of $2 Bill On Bicentennial Date
The government announced on Monday that a new two dollar bill will be issued on April 13 1976 the birthday of Thomas Jefferson. Jefferson will appear on the front with a back featuring the signing of the Declaration of Independence by John Trumbull. Treasury officials expect to print about 400 million a year and 225 million will be ready for circulation by the April 13 release.
MENTIONED IN THIS ARTICLE
Washington
Thomas Jefferson
Treasury
William Simon
Jefferson
United States
Martin Luther King
Susan B. Anthony
John Trumbull
Trumbull
Yale University
Simon
Quaker Reports Records in First Quarter Sales and Earnings
Quaker Oats reports new records for the quarter ended Sept 30 with net income of 22 million or 1 per share, up from 8.6 million or 41 cents. Net sales rose to 385.7 million from 344 million. grocery products led gains, margins recovered, and interest costs fell to 4.5 million from 8.3 million.
MENTIONED IN THIS ARTICLE
Quaker Oats Co
Robert D. Stuart, Jr
Stuart
Legal notices widen estate actions and bids in Cedar Rapids
Notices announce estate proceedings for the estates of Cecilia and Joseph Kreid and Johannes Kuncl with executors named. Claimants must file within six months. notices urge immediate payment and provide court and clerk details. Sealed bids are invited for Cedar community school district supplies and services with a closing date of November 17, 1975 in Linn County Iowa.
MENTIONED IN THIS ARTICLE
District Court of the of Iowa
Linn
Cecilia
Cecio
Ae Tore
Iowa
Joseph F
Renee
Joseph F. Kreid
Ember
Dorothy
Mus Bro
Ee Coe
Ne Sones
Bo Stroper
Othy H. Kreici
Perake
Oda
Joan V. Kund
Cedar Rapids
Cedar Community
Tou of Linn
State of Iowa
Avenue SW
Cedar Ropes
Owa
Degorids Commun Prarter
County of Linn
Latrict
Couenyan
Lina of
Oto Jeder Sher A
Retary
Nondiscrimination Assurance by Corn Belt Power Cooperative
The CORN BELT POWER COOPERATIVE from Humboldt Iowa files a compliance assurance with the Rural Electrification Administration to prevent discrimination under Title VI of the Civil Rights Act. It commits to fair treatment in service applications, rates, facilities use, meetings, and beneficiary rights with a 90 day filing window for complaints and confidential handling as required by law.
MENTIONED IN THIS ARTICLE
Rural Electrification Administration
Department of Agriculture
United States
Washington, D.C
Rural Electrifien Administration
Secretary of Agriculture
Rural Electrification
Sey
Ation
Corn Belt
Humboldt
Lowo
Sealed bids requested for county road project materials
The Board of Supervisors announces sealed bids for a road project in Iowa. Bids on county supplied motor equipment and untreated Douglas Fir lumber must be on prescribed forms and filed with the County Auditor. Proposals may be inspected at the auditor's office and may be rejected if non compliant or irregular.
MENTIONED IN THIS ARTICLE
Cesar Raasel
Ogg Rennicolthes
Brody
Fom
Iowa
Board of Supervisors of
City Hall Minutes Report Amendments and Grants Discussion
Mayor LeGrand said HUD now has the storm sewer grant application. Marshal reported on traffic control drug problems and cooperation with agencies. Fire Chief Hudson discussed tire hazard from dry Main Street and requested funds for the next Kirkwood fire training. Iowa Illinois Go Co reps introduced reported on natural gas. Hanna moved Amendment No 1 to Ordinance No 63 adding Treasurer as elected official on second reading. Karr, all voted aye.
MENTIONED IN THIS ARTICLE
LeGrand
HUD
Ncies
Hudson
Main Street
Kirkwood
Iowa- Illinois Go Co
Bob Levi
Marlin Cox
Hanna
Karr
Dye
Noti Ty
Anno
Quass Road
Marks
Court House
Ove. N. Lastrand
Marilyn P. Cook
Cedar Rapids Emergency Numbers
Emergency contact list for Cedar Rapids includes Ambulance 366-7654 FBI 402 348 1210 Fire 398 5343 Highway Patrol 364 5171 After Hours 363 5629 Police 398 5353 Sheriff 398 3521 Medical Society 365 2527 Crisis help 1 PM to midnight at Foundation Il 362 2174 Information Referral 398 3955 Clip and carry in your billfold.
MENTIONED IN THIS ARTICLE
F.B.I
Highway Patrol
Police
Sheriff
Medical Society
Foundation
Also Mentioned on This Page
The
Mon
Webster City Livestock
London
Lamson Brothers Am
Ins
Fund Am Rein
Beatrice Foods
Conrac
Consolidated Foods
Wave Guardsman
Mar
Hawkeye
Vera Interstate Power
Iowa Electric
Lowell
Jonn Deere
Kidde
Keutsel & Esser
Life Investors. Inc
LTV Corp
Mann
McCord Corp
Mid America
Mid-Continent, Inc
Miracle
Ozark
Paxall, Inc
Quaker Oots
Roth
Rockwell
Syntex
United Fire & Casualty
United Guaranty
Univor
Baal Coro
C.R. Markets
Waterloo Hogs
Sioux City Livestock
Omaha Livestock
Joliet Livestock
West North Central States
OWA Farm
Hogs
Wes
Reinis Campaign Finances
Chicago Cash Grain
C.R
Dubuque Bank
Quaker Reports
Com
Molbert Oey
Maurice E Boringer
Susan L
LeAnn
John B. Reilly
Forrest W. Rosser
Kubicek
Novak Kubicek
Kubic
Edar Rapids
Seah
Abdi
Jan Kune
Clarap
Torg Kuncl
P. Kuncl
John V Kynd
Gerard S. Glaze
Land Executor Rapids
Lowa
Anc
Bae
Counc Peete Edings
L Rand
Enncumen
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