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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 30, 1973
Page
16
Commodity pricing fluctuated as corn and wheat fell while soybeans rose modestly. U S stock indexes showed modest declines and industrials led losses amid mixed futures signals and caution ahead of session close.
The report blends livestock prices from Postville and Des Moines markets with general produce rates and a crime brief. It notes hog trade slow with steadier butchers, cattle prices by weight, and a stabbing death in Charlotte Amalie with an arrest for assault.
The report lists cattle hogs and sheep prices from C R Markets and Sioux City with bids for different weights and grades. Highlights include hogs steady to firm with various weight brackets, feeder cattle quotes, and grain price notes.
New York's First National City Bank, the nation’s second largest, plans to raise its prime rate to 6 percent effective Monday. The move comes as loan demand grows and short term credit costs rise, following other banks that have already boosted their primes.
A Marion man denied involvement in a jail escape in which two men, William Peery Burgess and Alfred Julius Thompson, fled from a Sioux City jail with hacksaw blades. Indictments allege Detling supplied tools and aided the escape. Burgess and Thompson faced multiple charges and sentences. Police reported additional thefts and local ads mention Christmas goods and shop notices.
Rep. Arthur Small of Iowa City says Iowa families with 5000 to 10000 income face among the nation’s highest state taxes while corporations rank midrange. He plans economists’ review December 8 to craft lower tax brackets and broader relief, noting shifts from 4.8 to 5.8 percent corporate share and individual taxes rising from 29.5 to 32.2 percent of state revenue.
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