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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Oct 16, 1976

Page

12

Stock Market Mixed as Leaders Forecast Lifts Prices

New York stocks closed slightly higher as a business leaders forecast supported cautious trading. Dow rose 1.08 to 37.00, S and P industrials up 0.01, NASDAQ edged higher, while Newmont gained over 2 points and Kennecott's sale of Peabody Coal for 1.2 billion influenced investor tone.

New York New York Stock Exchange Smillton Standard & Poor Tin S&p Newmont Peabody Coal Kennecott Copper Kenne- Coa IBM Uval Orberghumge Iiswes Boroughs Lumey Texas Instruments Motorola Host International Hotel and Food Service Company

Grains Dip as Beans Lead Declines in Market Report

Market summary shows beans down 37 cents over two days while soybean meal drops nearly 50 dollars per ton. Wheat falls about 16 to 61? cents with corn and oats near 20 cent declines. December prices cited. Commentary notes limited buying interest and a small rally above pre-Open closes. unrelated price data for Chicago markets, livestock, and frozen items included.

Chicago

Dressed Eats Beef and Pork Prices Steady in Markets

Market notes from Des Moines and Chicago report beef and pork prices holding with limited demand. Beef nearly steady on steer and heifer quotes, hog futures steady, pork tied to fresh meat trade. regional prices show small gains and mixed movement across cuts and grades.

Des Moines UPI Basten Buits AB Niger Meher

Sentimental stock value clash raises book value doubts

A reader questions the meaning of sentimental attachment to 460 shares bought at 2.75, noting no dividends for three years. The piece explains book value per share, compares market price to asset backing, and weighs selling versus holding. It also covers mortgage payoff, savings options, and a suggested diversified monthly growth stock plan.

Tve X Company

Community Briefs From Cedar Rapids and Nearby Areas

Local notices list a Sunday 2 pm Cedar Rapids Cat Fanciers meeting at Central Park Presbyterian Church with a dogged mix of event ads. Also weekly ads promote a Czech Village store, a Green Thumb sale, home economics classes, and a Beaver Park bike ride to Whittier and back.

Central Park Presbyterian Church Seventeenth Street Ayonne NE Hawkeye Bicycle Assn Beaver Park Whittine Waubeek Retin Sack Lindh

Chamber OKs Civic Center Start-Up Plan

Cedar Rapids Marion Chamber approves initial funding and staffing steps for the Five Seasons Center project to begin promotional work and prepare for a 1978 summer opening. The commission hopes to hire a manager by next month as donors provide equipment and access to funds for startup costs.

Five Seasons Center Board of Directory Cedar Rapids-Marion Area O'Meara Allan Petemisky Five Seasons, Center Commission Senpala Activi Per Fener

Fallout cloud makes second trip over United States

EPA reports the second pass of the fallout from a Chinese nuclear explosion caused slight radioactivity in parts of the United States. Milk remains unsafe for consumption only in high contamination areas while overall levels are near normal in many locations.

Washington uPl United States Protec- Hom North America Ute Epa Los Angeles Berkeley Calf Anchorage Alaska Baltimore Hartford Conn Philadelphia EPA William Rows

Mao's Widow Plotted Hua Assassination Coup Reported

Tokyo based AP dispatch cites Peking sources claiming Chiang Ching and four radical leaders planned an eight day coup to seize control after Mao's death. Guards were killed during arrests, Hua's home seized, and Mao's will allegedly named Chiang as party chairman. Reports cite Tanjug and Kyodo with disputed details.

Tokyo Miso Tse-tung Peking Newpaper Agarhi Teliible Notieea Mae Cu China Chiang Ching Central Mart People's Liberation Mao Patty Sidrésedr Bse Yupisiay Tanjug Chen Hal-lion Peking Garreon Hua Tanjig Hus Tanjug Su Japan Kyodo Hue

Regents Vote 14.3 Percent Budget Hike

Regents in Ames Iowa approved a 307.6 million operating budget for 1977 78 a 14.4 percent rise The plan calls for 319.5 million for the two year total with state appropriations of 204.3 million first year and 213.5 million second year The current budget is 273.8 million and the funds cover general expenses fuel and utilities with no salary merit pay included for five schools

Ames Iowa Rate Board of Regents Hubert Ray University of Town Iowa State University University of Northern Iowa Iowa School For the Deaf Tegents Pees Targent Waders

Ray To Host Open House at Terrace Hill

DES MOINES Iowa Gov Robert D Ray and Mrs Ray will host an open house Sunday at their Terrace Hill residence The private wing where the governor s family will live remains off limits The Victorian mansion was last a residence for the Hubbell family who owned it since the 1820s Terrace Hill was bequeathed to the state in 1972 Renovation costs are estimated at 22 million with 506000 state funds 23000 federal funds and private fundraising to cover the balance 125 million still needed The governor s family quarters have been renovated but other areas await completion

Des Moines Robert D. Ray Terrace Hill Grover Hubbell Hubbell Terrace Hi Maurice Baringer Terrace Hill Foundation

Also Mentioned on This Page

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