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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 21, 1975
Page
21
The Dow Jones industrial average climbs 6.14 to 848.39 as rates ease and signs of growth bolster investor confidence. NYSE volume nears 15 million shares with gains in G D Searle and other active issues while the market breadth favors advancers.
Iowa interest figures list numerous company quotes from Lamson Brothers and stock closings. Includes Am. Insurance Fund Am. Rein Bondoo and others with varied prices. livestock futures show live cattle hogs and futures across December February June and August with multiple price points. Also reports Chicago cash grain No 2 wheat No 2 yellow and soybeans plus USDA bulk prices for butter and gold and silver quotations.
The Cedar Rapids hog market Tuesday showed higher prices with Monday delivery figures for 200 to 230 lb butchers at 57.50 to 58.00 and 300 lb sows at 50.00 to 50.50. Weigh breaks trimmed prices for heavier cattle and packers. Nearby markets in Waterloo Omaha and Sioux City show mixed gains and steady to lower hogs and steady cattle through the day.
FBI deputy associate director James Adams testified that an FBI agent destroyed a note from Lee Harvey Oswald two hours after Oswald was pronounced dead on November 24 1963. The note reportedly warned the FBI and Dallas police to stop bothering Oswald’s wife and had no stated link to Kennedy’s murder.
The Gazette lists contact lines for circulation and subscription services. Circulation/Subscription Dept hours run Monday to Saturday 8 am to 7 pm, Sundays 12 noon close, holidays 8 am to 7 pm. General information and offices not listed below are unavailable at other numbers.
Grain futures on the Chicago Board of Trade slumped with limit losses after a five year grain sale pact with Russia. Soybeans dropped about 20 cents a bushel, soybean oil down 100 points, corn down the limit 10 cents, wheat off 17 cents, and oats lower. Soybean meal fell $4 a ton as markets closed with soybeans around 18 to 20 cents lower and other contracts down across the board.
Three people remained under treatment at Mercy hospital for injuries from two Monday night crashes in Cedar Rapids. Steve Collier 17 of Kesler road NW drove at high speed, hit two parked cars on Cedar Drive NW near Cherry Hill, and was charged with failure to maintain control. Two passengers in a separate late night crash on First Avenue E, George DuCharme 17 and Colin Burtis 16, suffered head injuries. Ronald DuCharme 20 of Seventeenth Avenue SE faced reckless driving charges after his vehicle left the road and struck a utility pole.
Iowa City recorded a very light turnout in its first primary under the home rule charter. Precinct two reported ten votes and the courthouse nine by late morning, with four at large council seats and three from city districts. Voter registration rose about 2,000 since 1973.
The United States Independent Telephone Association says business rates could rise about 55 percent and residential rates about 58 percent by 1985. A $360000, industry funded study by Systems Applications, Inc. backs the forecast, amid pressure from FCC decisions ending a regulated monopoly era.
Community notices include story hour at Edgewood branch library and a World Series viewing with food at Gin Mill. Also public meeting changes, theft reports, homecoming returns, and upcoming local events at Coe College and Cedar Rapids venues.
Ames reports dedication ceremonies set for November 21 to mark the completion of the final 50 mile section of Interstate 35 in Iowa. The highway will run from the southern border to the northern border without leaving the freeway once opened around early November. Deputy chief engineer Robert L. Given cited favorable fall weather enabling contractors to finish ahead of schedule, contrasting earlier Thanksgiving targets for the Williams to Clear Lake and Mason City segment.
Archer Daniels Midland Co reports net earnings of 13.78 million for the quarter ended September 30, or 78 cents per share, up from 6.82 million or 39 cents per share a year earlier. The rise includes an adjustment for the Tabor & Co acquisition.
Lester Boyd of the Providence Journal-Bulletin crashed a news conference at the Yeager residence in Attleboro and plunged into the indoor pool. The incident drew attention away from Sen. Edward Kennedy who attended the event.
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