Stocks Slip On NYC Financial Crisis Fears and Inflation
UPI reports a slight market decline as trading slows amid worries over New York City’s financial crisis and persistent inflation. The Dow fell about 3.5 points to 840.05 with 1,797 issues, volume near 13.8 million shares, while the American Stock Exchange showed mixed prices.
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New York
UPI
New York Stock Exchange
New York City
Dow Jones Industrial
American Stock Exchange
Mysterious Iowa Telegram Yields Fragmentary Clues
Fragmentary readable text from an Iowa telegraph note hints at names and places but lacks clear context or complete sentences. Key entities appear sporadically, leaving uncertain connections and a need for fuller copies to establish event, date, or person roles.
Iowa hog futures mixed as cash trade steadies in Des Moines
UPI reports Friday livestock trading with moderate demand for hogs and mostly higher prices in eastern and western markets. No 1-3 200-230 lb hogs bring 49.00 to 50.00, with several size classes showing varied gains. Sows rise up to 50 while beef and pork bids fluctuate on limited sales and frozen pork belly quotes. Estimated receipts total about 65,000 with 25,000 Saturday, vs 62,000 last week and 76,000 a year ago.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Midwest
Corn and Bean Futures Rise Sharply on CBOT Demand
Weather driven demand lifts futures on the Chicago Board of Trade with soybeans up 9 cents a bushel, wheat up 6, corn up 5, and oats up 3 to 4.4 percent. Soybean meal gains nearly $3 a ton, while soybean oil remains mixed. close levels show broad strength across grains and feed products.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
IBP Asks NYSE To Continue Halt On Stock Trading
IBP officials request the New York Stock Exchange extend trading halt on IBP shares until further notice. Sell orders rose after IBP announced Leroy Zider quit as acting processing division head and Walter Bodenstein would replace him, revealing Bodenstein is Moe Steinman’s son in law. Steinman is jailed for meat racketering and tax evasion linked to IBP.
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Dakota City
Neb
Iowa Beef Processors, Inc
IBP
New York Stock Exchange
Leroy Zider
Walter Bodenstein
Paramus
N.J
Bodenstein
Moe Steinman
Steinman
New York City
Iowa
Blouin seeks ban on NFL oil tariff rebate bill
Representative Michael Blouin co sponsors a house bill to stop returning 1.36 billion dollars in oil tariffs to oil companies. Ford rescinded the tariff after a federal appeals court deemed it illegal. Consumers paid higher energy prices while the tariff stood, and lawsuits seek rebates. Blouin argues rebates would be a windfall to oil firms and a rip off to Americans.
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Washington, D.C
Michael Blouin
U.S
House of Representatives
Gerald Ford
Court of Appeals
Blouin
Man Sentenced Up To 25 Years On Rape Count
John B. Shears, a 28 year old Cedar Rapids man, was sentenced to up to 25 years in the Anamosa men's reformatory after pleading guilty to one count of statutory rape. He originally faced three counts involving three girls under 17. The Linn district court handed down the sentence on Friday.
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John B. Shears
Anamosa
Cedar Rapids
Linn
New York City Tax Increases Aimed at Federal Aid Bid
Albany reports a two day partisan stalemate broken as lawmakers moved to approve 200 million dollars in city tax increases intended to secure federal help to avert NYC default. Measures include a city income tax rise, estate tax surcharge, bank tax, higher auto use tax and higher cigaret taxes, with sales tax extension to salons. Local leaders push a 150 million dollar interim arrangement while awaiting federal action.
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Albany
N.Y
New York
New York City
Carey
State Senate
Ford
Cost Estimate Ordered on Library Masonry Repairs
Cedar Rapids public library board ordered a detailed inspection and cost estimate after a chunk of roof concrete fell. Preliminary checks found no structural damage but other problem areas require repair. The board also voted to join the Cedar Rapids Credit Bureau to deter overdue accounts over 100 dollars and heard a long-range plan from Virginia Grant and a public service goals committee.
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Cedar Rapids Public Library Board of Trustees
H.A. Schimberg
Schimberg
Board of Trustees
Cedar Rapids Credit Bureau
Bureau
Virginia Grant
Library Extension Service
Public Service Goals
Insurance Hurdle Holds SEATS Bus Return in Iowa
The last hurdle to restoring SEATS bus service in five Eastern Iowa counties is insurance liability. Leona Peterson says progress is being made to speed up approval so buses can return to operation. Five counties seek seven of ten Area Ten buses, inactive after federal funds ended.
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Iowa
Kirkwood Community College
Leona Peterson
State Commission On Aging
Rob Robinson
Area Agency On Aging
Benton
Johnson
Cedar
Washington
Area Ten
SEATS
Linda Svoboda
D-Amana
Financial guidance for young investors in bonds and IRAs
A young couple should consider using E bonds for long term emergency savings while avoiding taxes on the first portion of dividends. For capital growth after building a nest egg, prioritize growth over taxable bond income, and explore Keogh or IRA plans for self employed earners. Review tax free sewer bond ads with caution as guarantees are not government backed. For income from mutual funds, shift to income producing bond funds or top quality Treasuries if needed. Submit questions to Sam Shuisky via The Gazette.
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U.S
New York City
Treasury
Shuisky
Sam Shuisky
The
Gazette
Paul Revere class earns 32nd degree Masons in Cedar Rapids
Eighty three Master Masons received Scottish Rite degrees and were made 32nd degree Masons during Cedar Rapids Consistory 170th reunion. The Paul Revere class concluded with a dinner and officers named Glenn E. Holmes president C George Biasi vice president John W. Anderson class orator and Clifford D. Goldsbury secretary. A class donation to El Kabir Temple supported transport for pediatric hospital and burn institute patients.
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Cedar Rapids
Paul Revere
Glenn E. Holmes
Cedar Falls
C. George Biasi
Dubuque
John W. Anderson
Clifford D. Goldsbury
Russell Anthony
el Kabir Temple
Children’s Hospitals
Burns Institutes
Soviets Launch 780th Cosmos Satellite
The Tass news agency reports the Soviet Union launched the 780th Cosmos satellite on Friday. The mission, unmanned, sparked Western speculation it could serve as a communications link with Salyut 4. An automated Soyuz capsule recently docked with Salyut, fueling talks of resupply or a potential third crew.
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Moscow
UPI
Soviet Union
Tass
Space Laboratory
Notice of Incorporation for Kota Leasing Inc
Notice is given that Kota Leasing Inc a corporation for pecunia ry es is organized under the laws of Iowa. The registered office is West Des Moines Cedar Rapids located at 2402 Cedar Rapids Iowa. Russell J Kool serves as president with agents listed for the corporation in Cedar Rapids.
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Kota Leasing, Inc
Ceration
Oakland
Cedar Rapids
Vital
ocBrassi
Russelle
Biscirsf
Said Corporation
ING, Inc
Russell J. Kool
Nazette
Hendrick Mn & Marner Awe Rey
Ae Street
Edar Rapids
Public Hearing On Airport Zoning Regulations Scheduled
Notice from Cedar Huweyville Iowa airport zoning commission announces a public hearing in the west conference room at Cedar Rapids Airport Terminal Busang on a date in November to review zoning rules for Roigmaniepal Airport. Chairman James Word Jr. presiding.
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van Bay Pe
Ember
Ecar Rai
Busang
Ego Rapids
wheyville-Cedards
Ces
Roigmaniepal Airport
Orice “ Grette Lerks
Cedar Rhueyville
Iowa
Cedar Rapids Airport Zoning Commission to Hold Public Hearing
The Cedar Rapids Airport Zoning Commission will hold a public hearing on proposed zoning regulations for Cedar Rapids and Merville Iowa. The hearing, posted November 19, 1975, invites all interested parties to appear and be heard at the Cedar Rapids Municipal Airport terminal. James Ward Jr., Chairman.
MENTIONED IN THIS ARTICLE
Ivan
Cedaring
Cedar of Airport
Comaselon
Cedar —E Rapids
Cedar Rapids
Merville
Iowa
On This Date 1970 Bombers Roared Over Indochina
On this date in 1970 American jet bombers conducted massive raids across North Vietnam Laos and Cambodia amid sustained air operations in Indochina.
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North Vietnam
Laos
Cambodia
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