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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 15, 1976
Page
12
Financial wires report the Dow Jones average down about 1.5 points at 934.42 as the New York Stock Exchange shows light volume around 15.1 million shares. Investors await clearer signals on the economy and corporate earnings, with traders seeking stability before committing to mid-term moves.
The Cedar Rapids market reports a steady tone for hogs with 200 to 230 lb butchers at 32.50 to 33.00 and packers at 23c per lb for 600 lb ranges. Cattle values show primals steady with varied weights. cows and bulls priced by category, with weight-based discounts and ranges.
The Friday market notes from the Federal State Market News Service describe uneven trading across cattle hogs and poultry. Prices drift with steadier quotes for some grades while others slip, and New York produce markets report varied dairy and egg pricing reflecting fluctuating demand.
Chicago AP reports soybeans led a broad price drop on Friday with futures down 17 cents per bushel, soy meal down nearly 5 dollars a ton, and soy oil off about a half cent a pound. Wheat, corn, and oats slipped as carryover selling from recent gains pressured the floor. Prices pared losses into the close with soybeans 9 to 17 cents lower, wheat 4 to 5% lower, and corn about 2% down.
Norbert Yegsy, 24, of Riverside, held in Johnson County jail on multiple charges after allegedly eluding City police early Friday. Officers said he dragged a patrolman, drove through City park obstacles, and caused a minor collision before a second patrol car halted the pursuit. Charges include drunken driving reckless driving driving with a suspended license and several traffic violations.
In Athol Massachusetts Henry Chintasra aged 81 faced a life problem that followed his death as a mix up with a different Henry Chiaisson living nearby. A coal shipment and mail repeatedly went to the wrong house and even calls and a phone were misrouted. The two families each had a Henry and a Raymond Chiaisson, and another Henry lived at 61 Smith street who died at 77.
In Canada a one day protest against federal wage aid price controls drew slightly more than a million workers, about half of the L about 28 million members, into a general strike. Essential services ran in many areas though some Ontario gates lacked bus postal and garbage services with newspapers not published in Vancouver. A cemetery error led to the misburial of Henry Chiakson, later corrected when the grave was moved to the correct plot following an accidental mix up.
In Gonzales California the Langlais Four Co pickle plant, owner of the factory, faces an $86 million sewer charge after alleged overloading of the city sewer system. City officials used the local ordinance and a waste-based formula to bill $23 million for August and $63.8 million for September, with no payment yet. City Manager Doug Byrd says talks have failed and the city is pursuing enforcement.
A US appeals court ruled that the sale by the government of 31.1 billion worth of oil and natural gas leases in the Atlantic offshore New Jersey should stand. The three judge court lifted a temporary injunction, allowing drilling to begin in a 876,750 acre area 60 miles south of Long Island and 47 to 50 miles east of New Jersey.
Local item roundup lists theft reports and price notes from Jones Park to Cedar Rapids area. Ads cover home economist classes, open hours for events, antique sales, crafts fairs, and restaurant specials, with numerous businesses and residents named along Washington and Cedar Rapids streets.
An international body the ICSU forms a committee to monitor and promote genetic research. The panel aims to coordinate global safety standards and encourage beneficial applications while limiting risks from recombinant DNA work and other experiments.
The Business Council predicts a 5 percent growth next year with only modest inflation and unemployment declines. Unemployment should fall about 1 percent by year end 1977, inflation near 1.3 percent, and the forecast notes the economy will be slow to improve despite a possible Ford or Carter election, citing mixed views among bankers and executives.
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