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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 17, 1970
Page
16
New York brokers saw an initial stock advance, but momentum faded amid weak follow through. Investors eyed possible major rate cuts, while early movers such as Antic Richield and Tishman Realty traded with notable losses as the session wore on.
Chicago traders showed active trade as wheat and soybeans fell over 2 cents while corn fluctuated. Soybeans closed around 0.5 to 2 higher with December at 1.46, oats near 34. Tower. Cash grain bids and USDA receipts details follow with cattle market notes and local break-in reports in nearby towns.
Prices paid Monday for cattle and poultry deliverables show wide ranges with hogs, lambs, and frozen pork belly quotations. The report mixes multiple regional markets from Lansing to Omaha and Des Moines with several price levels and conditional notes on grades and weights.
Urban highway work faces a new federal requirement for replacement housing for displacement. Gorian Sweitzer notes studies must show relocation sites and adequate housing before projects proceed, with cities including Cedar Rapids and Waterloo among those potentially affected by the policy.
AP reports wholesale prices for butter, eggs, and potatoes held steady with modest trading in Chicago markets. Idaho and Red River Valley supplies mixed, while New York wholesalers face ample to excessive offerings and slower sales. Montgomery celebrates 83rd birthday quietly in London.
In Cedar Rapids a defense attorney argued James Aossey is not guilty after claiming he believed he was buying groceries from Hy Vee store manager Ronald Rugger. Witness Martin Dunn said Aossey and others were told the store sold items at wholesale prices and that Rugger had arranged the pickup, with about $413.05 worth of groceries and cigarettes taken on March 10, 1969. Rugger’s case is pending. Aossey and Rugger are linked to the alleged plan to use a panel truck for item deliveries.
The Iowa highway commission estimates replacing leaded gasoline with unleaded fuel would cost about 150000 dollars annually at current prices. Governor Ray ordered state agencies to use non leaded gas whenever possible, while commissioners note limited non leaded options and discuss fuel suppliers, engine compatibility, and emissions considerations with manufacturers and suppliers.
Local items list events at the Ellisbrary preschool story hour and branch YWCA, a Junior League puppet play at the Art Center, and free admission. Other notices include meetings of fraternal orders, NARCE Chapter 133, World War Vets, and the Commercial Club. Theft report from Michael G. Andersen, plus Thanksgiving salon specials and local business ads.
Washington AP reports the Senate approved 44 to 58 a compromise job safety bill provision. It creates a three member commission named by the President to enforce standards, a concession Nixon sought while liberals pressed for centralized authority in the Secretary of Labor with APL-10 backing the bill.
The Defense Department notified the parents of Spec 4 Joe B. McNett, 19, of West Burlington, that their son was killed in action in Southeast Asia last Thursday.
Humboldt Tenn AP novelist Jesse Ifill Ford shot and killed a year old intruder in his driveway Monday night police say Ford was charged with homicide Ford claims no intent to harm the man and family fears due to prowler activity Ford, white author of liberation themes, says he regrets the incident The dead man was George Doaks of Trenton Tenn the case has sparked racially charged debate as Ford’s lawyer notes ongoing intruder problems at the property
Four new directors were selected at a Monday meeting of the Oelwein Industrial Development Corp. The new appointees are Job Link, Church Williams, Darold Jack, and Lou Moulder.
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