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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 29, 1975
Page
18
The Wall Street session posted a slight advance as trading lingered after Thanksgiving. The Dow rose 2.12 to 860.67, leading to a weekly gain of 19.91 points, with the NYSE volume at 12.87 million shares. The composite index climbed to 48.24 and the American exchange index rose to 85.82.
Chicago floor traders saw wheat drop 3 to 5 percent while corn fell 14 to 34 percent and oats and soybeans mixed by week's end. Cash quotes showed No 2 hard winter wheat around 3.90 and No 2 yellow corn near 2.74, with Des Moines livestock reports noting varied prices for cattle and hogs. Midwest beef and pork markets moved slowly with limited sales and steady to lower prices across weights.
A three judge Fifth Circuit panel ordered a new trial for William Williams after ruling pretrial publicity and judicial errors tainted the case over the 1974 abduction of Reg Murphy editor of the Atlanta Constitution. Williams was convicted of extortion and sentenced to 40 years.
Two boys aged 17 and 16 were charged with possession of a controlled substance after police stopped their vehicle in the 3600 block of E avenue NW for erratic driving. Officers detected marijuana odor and found three cigarettes on the floor. They were released to their parents.
Unemployment climbs in 23 industrialized nations with ILO estimates at 17.1 million in September and a potential 18.5 million by year end. Britain’s pound hits a record low near $2.01 as inflation soars. US leading indicators slide, while Moscow reports stalled oil talks and Europe cuts grain forecasts amid poor weather and layoffs in Coventry England.
Salvation Army opens Christmas office today from 9 a.m. to noon to assist those in need and to collect information about recipients. The office, at 10000 avenue NW, will operate next week 9 a.m. to noon and 1 to 5 p.m. daily with drop by visits or mail to P O Box 833. Children’s toys may come via the Jaycee toy renovation project and early contact is urged. [Also mentions Bell phonoautograph device concept and H L Hunt death in 1974]
The Investor's Guide argues for spreading risk in retirement portfolios. If the goal is steady dividend income, diversify beyond seven utility stocks and consider many top-rated firms with similar yields. Younger investors may chase one winner, but retirees should minimize risk with broader holdings.
In Gloucester Massachusetts, a daughter and father clash over tuition after a graduation caused by work on a boat. The exchange ends with a suggestion to reconcile and extend an olive branch to mend the rift. Also noted is Robert McNamara’s 1965 Vietnam visit remark about a prolonged conflict.
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