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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 03, 1975
Page
34
The financial and market news item reports stocks slipping as investors hesitate on purchases awaiting clearer signals of New York City’s distress and its potential impact on credit, with Federal National Mortgage active but down to 14 1/8, and the NYSE composite at 4,472.
Cattle and hog markets closed Monday for Veterans Day. Mixed bids show steer and heifer prices around 44 to 48 per hundredweight with occasional higher but mostly steady demand. Farmers and buyers gathered at Omaha and Sioux City markets noting price ranges for cows, bulls, and hogs amid thin activity and cautious trading.
Washington AP report says the house committee approved a bill authorizing up to 7 billion in loan guarantees for New York City. The bill passed 23 to 1 with GOP votes split and Democratic opposition. The plan would create a federal program to administer guarantees and marshal funds, aiming to aid NYC before potential default.
Campaign finance records show Cecor Rapian Parks Commissioner Reinis totaling $362.05 spent by October end. Major debit was We Service Press rental. others include two $50 items from Ge Hogebkisa and SH4 Stinstertrive NW. Community performance perks and related notices appear in the Ga dole warlier.
Chicago wheat fell 11.34 to 1.64 dollars per bushel and corn and soybeans declined, closing lower after a volatile session. Reported price changes show mixed declines across grains while soybeans and corn eased, reflecting market uncertainty as trading ended.
Cedar Rapids residents submitted about 200 signatures for a referendum on a $7 million community center bond issue. State law requires roughly 2,000 signatures by 5 p.m. Tuesday for a referendum to be held. Councilmen debate whether to proceed if petitions fall short and when to decide on selling bonds.
In Des Moines the executive council rejected a bid for the governor’s mansion and considered zoning changes to allow higher value use. Only offer was 121,160 from Don ald Arthersom. appraisers set value between 138,000 and 490,000. State officials weigh, noting the offered price trails appraised value and no housing plan for Gov. Ray.
Banks of Iowa adds Bartend Trust formerly Key City Bank of Dubuque as its sixth member after approval by the Federal Reserve. The merger keeps Key City’s management intact, expands Banks of Iowa’s consolidated assets to 603.588 million, and returns a quarterly dividend of 25 cents per share. Key City traces to 1908 as a savings bank later renamed Key City Bank after acquisition by Jews National in 1986.
Washington AP reports the U S government will issue a new two dollar bill on April 13 1926 featuring Thomas Jefferson. Treasury officials say the move aims to save printing costs and reduce cash carried while the back depicts the signing of the Declaration of Independence. About 225 million notes will be circulating by release with annual production around 400 million.
Quaker announces new records for the quarter with sales of 305.7 million and earnings of 22 million dollars, or 1 per share. Groceries propelled the gain as all divisions except domestic pet saw dollar sales rise. net interest income reached 4.3 million, aided by lower borrows and interest costs.
The document references the estate of Cecilia Alexandra and Clara P. talks of executors, guardians, and court proceedings. It notes actions by a county or district court regarding probate, payment settlements, and estate administration. Names and roles appear with dates and formal notices, indicating ongoing estate handling and potential asset distribution.
A chaotic city council meeting centers on the proposed sewer project with fluctuations in votes, costs, and contractor bids. Officials report turnout, funding gaps, and procedural details as residents weigh impact on taxes and street work.
A garbled list provides emergency contact numbers for Cedar Rapids including Ambulance, FBI, Fire, Highway Patrol, After Hours, Police, Sheriff, Medical Society, and a medical foundation. The fragment shows several phone entries such as 368-7654 for Ambulance and 399-5354 for Police, with partial agency names and unclear extra text.
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