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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 13, 1976
Page
11
New York stocks eased on Friday with the Dow Jones average down 9.74 to 927.69, the NYSE composite off over 54 points, and gains in some shares outweighing by a slim margin. Dealers cited autos plant shutdowns and recent economic signals as cautions ahead of the weekend.
Chicago markets show corn and soy futures falling over trade concerns about rising grain supplies and next year’s feed demand. December corn near 2.33, soybeans down to 6.50, wheat softer, while cash grain and livestock quotes appear mixed in daytime trading.
Trade slow to moderate ard demand. Watchers mainly steady. No 3-3 200-290 Ib 240. No 3 220-250 30.25-32.00. No 2-3 280-278 Ib 20.75-31.25. 2700-300 Ib 26.00-25.50. Sows steady. No 1-3 270-330 Ib sows 24.90-29.00. 340-400 Ib 24.50-29.00. No 2-3 400-450 Ib 23.00-23.00. 450-500 Ib 20.50-22.25. Receipts 70,004. Sat 20,000. actual Thurs 95,000. last week 79,000. year ago 62,000. Fridonday stockers Jon Seyi bert Mayden Seer.
Gary Bunir, 21, who escaped June 24 with two others from Kittanning jail, sues Armstrong County officials for 1 million dollars and guards for 280 thousand each. Sheriff Joseph Fick defends and calls the suit ridiculous while claiming negligence led to the breakout.
In SAN Calif AP report a padded bra overheated and started a house blaze after a woman removed laundry from a dryer and left it on an ironing board. Neighbors spotted flames and firefighters found the fire began when the foam rubber bra heated up on its own. Damaged item limited to the laundry area.
The column discusses fears of zero economic growth and its impact on investment. It weighs factors behind downturns, notes government strain on middle class finances, and argues for selective stock opportunities in rail and coal sectors while remaining hopeful about future growth driven by innovation and entrepreneurship. It also answers a reader question on Public Service Electric and Gas 12.25 percent preferred stock yield, noting a current yield around 1.0 percent and explaining price and redemption effects.
A massive storm-generated swell battered Hawaii with 23 foot waves. Kauai and Oahu saw homes flooded and several structures knocked off foundations. Police urged evacuations. 39 families sought shelters as campers and residents faced rising tides and beach dangers. The surge, tied to a distant storm near Midway, marked the largest surf since 1974 with near two billion dollars in damage.
Cedar Rapids stamp club will meet Monday at 7 30 p m at First Trust and Savings Bank 1920 First Avenue NE Officers will be elected and the Brookman award presented New shipments of men and women's tennis clothes marked and advertised at various local businesses and venues provide a snapshot of a bustling community calendar with multiple listings for meetings and sales across Cedar Rapids
Washington reports Mary Gaul Smith, chairwoman of the Republican National Committee, says she is still weighing the pros and cons of remaining in the post and has not decided whether to stay. Her term runs until 1978 and Iowa backers have urged resignation amid Ford's defeat.
A 21 year old Onslow man serving a 20 day sentence for a drunk driving charge was charged with marijuana possession in Linn County. Jailers reported no marijuana cigarettes were found in the lining of his coat when he returned from a work release job Thursday evening.
Cincinnati AP report notes Fire Chief Ernest McCawen stops short of praise for the remodeled fire house. The new garage is three feet shorter than expected and now two fire trucks must be kept outside. He calls it not better than prior facilities.
In Kennewick Washington police were alerted to a loud long playing record at KALE as listeners heard about five minutes of noise. Disc jockey Chuck Bryson had fallen asleep leaving the record spinning on air. Bryson, the station’s engineer, was on a midnight to 6 a.m. shift after a day installing transmitter equipment and could not comment.
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