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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 25, 1970
Page
13
New York AP reports stocks held a modest lead in late trading after a morning gain. Government data suggested economic strength while the Dow Jones industrial average hovered around 774.85 with notable gains and a positive outlook.
CHICAGO AP slaughter cattle held steady with steer prices 50 cents lower and heifers down up to 25 cents as market sentiment traced gains on investor hopes for further rate cuts. Report covers 3,000 head futures, prime weights, and price ranges for yield grades and various classes of cattle and beef futures.
Cedar Rapids hog market prices held steady on Wednesday with Tuesday’s bulk country and plant delivered butchers 200 to 230 pounds at 15.25 to 15.75 per hundredweight. Packing sows 319 pounds down ranged 19.75 to 17. A variety of sheep and lamb quotes appear, along with poultry and grain delivered price notes for Wednesday.
Chicago AP reports soybeans gained over 4 cents on mixed futures as buyers priced in profit taking after a prior rise. Soybeans closed about 12 cents higher. corn fell around 7 to 14 cents. wheat rose around 1.5 to 1.7 percent with oats little changed. Cash grain prices listed for Wheat No 2 red and Corn No 2 yellow futures.
City briefs report UCS Budget committee meeting rescheduled for noon December 4 at UCS. Cedar Rapids Public Library bookmobile unavailable at Collar Hills today due to mechanical problems. Legion appointments list Owen Thomas and Thom as McDermott named to national committees. Fest-Omaha amusement center listed with address. Theft report cites Harald Ken and others. home entered, items stolen including radio and records. losses valued at unspecified amount.
Thanksgiving notices mention Pine Inn open for Thanksgiving and local services at Zion Lutheran and Westminster Presbyterian. Ads list Nelson's Groceries and Meats and Ady as providers.
A Cedar Rapids federal court denied a motion for a new trial in a suit stemming from a Boeing Co. crash near Iowa City. The case involves insurance and party liability with mentions of Mercy Hospital, California estates, and the Roosevelt Hotel gathering. Officials discussed auto insurance claims, bumper protection, and a film shown to a senate hearing on rates.
The National Railway Labor Conference approved a presidential emergency board’s 1.33 per hour wage increase over three years for about 500,000 railroad workers, a roughly 35 percent boost atop the current 3.00 hourly wage. Brotherhood of Railway Clerks leader C L Dennis warned that a December 1 walkout could still occur if no agreement is reached, as Dennis had previously rejected the recommendations.
Washington report states a $3,400 insured loan to Gulf View Apartments Inc. for a four unit Colesburg housing project received approval from the Farmers Home Administration. The loan, funded by Farmers Savings Bank of Colesburg, will be serviced by FHA and guaranteed for up to 50 years at seven and a quarter percent interest.
Timothy Price of 454 Eleventh Avenue Marion pled guilty to contributing to the delinquency of a minor and received a 90 day suspended sentence. Charges of bootlegging and making brandy available to minors were dismissed on motion by the state. Price was accused of selling two pints of brandy for six dollars and making brandy available to a one year old on August 7.
Cedar Hapidsity council heard a petition signed by 350 residents urging passage of a proposed ordinance curbing unruly conduct in and around schools during hours. The measure, introduced by Safety Commissioner John Gherthien in August, would address behavior by nonstudents on school property. no formal action has been taken since.
Cub Scouts Pack 27 awards were presented on Thursday at St Pius X school to A. Dean J. Crandall Tom Fay Chris Brahozal Dann Gross Steve Mescher Steven Griefe David Mally Raney Moore Tony Moore Kevin OConnor Mark Seifried David Draker Mike Strawn Brian Greif Jeff Moore Joe Carolin David May.
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