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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 05, 1976
Page
10
New York AP reports a weak stock market on Friday with the Dow Jones industrial average down 10.22 to 950.22. Decliners outnumbered advancers by about 67 points on the New York Stock Exchange as trading remained active with about 139 million shares by mid afternoon. Unfavorable economic news this week contributed to the decline.
The week sees attention to the presidential election fade as data show a 0.6 percent rise in the wholesale price index and a jump in the money supply. Unemployment remains at 7.8 percent in Gatobur while stock indices swing, with the NYSE composite retreating and regional measures showing varied gains.
Two persons were treated for injuries and released at St. Luke's hospital after a traffic crash at the intersection of Second avenue and Third street Thursday morning. Vehicles driven by David M. Roling and James Carroll, plus a passenger in another car, sustained minor injuries. no charges were filed as officials could not determine who had the green light.
Farmers and traders note moderate demand with steady butcher activity in Des Moines Friday. Cattle futures show mixed tones as No 1 and No 2 groups at varying weights sell between 21 and 31 dollars per cwt, while hogs trade around 23 to 24 dollars per cwt with uneven gains and some lows.
Fragmented market notes report Friday hog prices in Cedar Rapids for various weights and grades. Prices range from around 23.00 to 30.50 per hundredweight, with allowances for weight and condition.
AP dispatch reports a closing rally that lifted some bean futures by up to 4 cents a bushel while corn fell from 1 to 2 percent. Oats, corn and wheat futures declined. soybeans held steady to modestly higher or lower across contracts. Prices for cattle and hogs, along with feed and miscellaneous market notes, are listed in the Chicago market rundown.
Jack Ford says President Ford will be active after leaving the White House. He notes the former president seeks travel, teaching, and writing memoirs, with plans to enjoy time with his wife and pursue projects once free from official duties.
Former Watergate prosecutor Jean Jaworski has been elected chairman of Southwest Bancshares. He joined Bank of the Southwest board in 1992 and helped organize Southwest Bancshares before resigning in 1979 to pursue Watergate-related work. He has since returned as a senior executive at both institutions.
A kidnapped West German supermarket heir Hendrik Snoek, a reserve equestrian, was freed after two days. Police kept the abduction secret until the rescue, after a $2 million ransom was paid to gain his release.
Community briefs from Cedar Rapids list events and ads for November including charity dinners at Border Veterans home and the Eternal Lutheran School spaghetti supper with ticket prices. Also advertised are local services, store sales, a preschool story hour at The Footnote Cedar Rapids, and a police report noting thefts on a residential street.
North Dakota faces a surprising surplus in the general fund as farm price gains boost income and sales tax revenues. State Budget Analyst Molly Sourlan warns the two year budget of 142 billion dollars will show a $178 million surplus, following a prior $44 million cut and a partisan tax relief vote reducing the personal income tax.
A clinical trial tests whether cholestyramine aids Kepone victims exposed at a Monsanto plant in Hopewell Virginia. Thirty patients undergo treatment to measure elimination of Kepone from the body, with preliminary findings suggesting possible symptom improvement and reduced toxin levels. The NIH funds the study led by Philip Guzelin at the Mejenl College in Chicago, with 31 participants divided between drug and placebo groups.
Chicago reports Mayor Daley plans a vacation after a stinging defeat as his reform slate suffers losses. James Thompson leads Republicans to a landslide win for governor as Daley’s allies face a tough post election outlook and speculation on his return date.
Dr. Robert Gilson Carney 64 longtime University of Iowa dermatology professor and head died Thursday evening at University Hospitals. Born April 25 1914 in Ann Arbor Michigan he lived in Warn City and had married Dorathy Briscoe in 1939. Survived by wife a son daughters a brother sister and several grandchildren. Memorial fund established donations to University of Iowa Foundation. No funeral services. friends may call at George K Gay's from 1 pm Saturday to 1 pm Sunday.
Harrison Jack Schmitt, a former Apollo 17 astronaut who walked on the moon, defeats Joseph Montoya to win a Senate seat. He becomes the second astronaut elected to Congress and the first geology PhD in the body, with John Glenn previously orbiting Earth and also serving in the Senate.
The America Equity Investment unit of Centar Rapids sold 960 Tats Okls apartments for more than 9.6 million to J. Ernest Talley of Wichita. Life Investors representatives negotiated the deal as sponsor. American Equity owns apartments and commercial properties in nine states with assets over 20 million.
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