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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 15, 1971
Page
23
New York and Chicago markets show widespread declines on the New York Stock Exchange with many names down while grain futures gain on favorable export prospects. In Chicago, wheat and corn climb modestly as soybeans rise on a U.S.-Japan textile pact and export hopes.
Prices paid Friday steady on Cedar Rapids hog market with Thursday bulk country and plant deliveries at 79.75 to 80.25 dollars per cwt for 210 to 230 lbs. Butchers over 230 lbs. show price steps per 10 lb increments. Packing sows around 16.75 to 17.25 dollars for 300 lbs. Expect market activity to resume Monday after Veterans Day.
Carl L. Ledford, a Cedar Rapids resident and Hawkeye Area Community Action Program worker, was chosen to succeed Gibson as president of the local NAACP branch after Gibson resigned to move to Des Moines. Ledford, from Evanston Illinois, attended high school there and studied at the University of Maryland and Cocheneiger.
The House voted 218 160 to create an independent Consumer Protection Agency but rejected a broad powers amendment. Final passage was 344 44, sending the bill to the Senate in a Nixon favored form. Nader voiced ongoing opposition, warning of a weaker agency next year.
City briefs list Cedar Rapids events and notices including a chess club meeting at Riverside House, charity auctions at Temple Judah, a missing stereo report, library and church events, bake sales, fundraisers, and political advertising for finance commissioner candidates.
Lawrence Kuehl of Oxford Junction was killed Thursday afternoon in a quarry accident on the Robert Mizaur farm one mile north of town. He was thrown from an industrial steel track and loader he was driving and the vehicle ran over him. Services announced for Sunday at 2 p.m. with visitation Saturday until 6 p.m.
Walter Entelmeier of Clear Lake a federal inspector of Grain bins fell injuring himself while on duty at a Lamont site. He was treated for injuries and released, with authorities noting a preliminary report.
Banks of Iowa, Cedar Rapids, shows consolidated net operating income up 32 percent for the first three quarters of 1971. Nine month net income totals 1 651 654 compared with 1 095 024 a year earlier. Earning per share is 1.68 on 865 000 shares. Consolidated assets rise to 203 483 237 with capital accounts at 22 409 397 amid planned affiliations with Union Bank and Trust Ottumwa Valley Bank Des Moines and Council Bluffs Savings.
West Coast longshoremen in Oakland and Los Angeles-Long Beach returned to work Friday after 100 days off the job. Holdouts in San Francisco began resuming as 22 other ports had already heeded back-to-work orders last Saturday. Local disputes flared in Oakland earlier in the week.
The United States lifts the 10 percent surcharge on non cotton textile imports as Japan South Korea Taiwan and Hong Kong agree to restrain textile flows. Ambassador David Kennedy signs memorandums with Japan and South Korea with Taiwan and Hong Kong already concluding agreements. The settlement aims to reduce misunderstandings between the nations.
Lucky Stores, Inc. posted a 14 percent rise in sales and a 2 percent increase in earnings for the second quarter ended Aug 1. Sales reached 411 million versus 366.8 million a year earlier, with earnings at 5.5 million or 41 cents per share after adjustment. Half-year figures also climbed in the same ratio.
Robert L. Hein 45 a lone fire department lieutenant died at Mercy hospital Iowa City from injuries after a 1969 transformer explosion. He had 16 daughters and 6 sons. survived by wife Latha Willhaver and many relatives. Services at St Wenceslaus church with Knights of Columbus rosaries. Burial at St Josephs. Don White Memorial.
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