Stock Prices Drop Amid Sluggish Economy Signals
New York stock market fell Friday with the Dow Jones industrial average down 3.08 percent to 41,982. NYSE volume reached 1.78 million by midafternoon as analysts pointed to weak consumer prices and durable goods orders. The Nasdaq and AMEX also showed declines, reflecting slower recovery from recession.
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Cedar Rapids hog market steady with varied delivered prices
The Cedar Rapids hog market Friday held steady with delivered prices for country and plant slaughter hogs largely between 31.00 and 31.50 for 200 to 230 pounds. Butchers at 230 to 240 pounds were about 25 cents lower, 240 to 250 pounds down 50 cents, and weights over 250 pounds saw reductions of 10 cents to 73 cents per 10 pounds. Packers also declined slightly across weight ranges up to 600 pounds.
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Grain and Livestock Prices Mixed in Des Moines Markets
Des Moines reports show varied bids on poultry eggs and live cattle with steady to slower hogs while grain futures offered mixed signals. Buyers eyed lower corn and soybean values amid weaker grain demand as livestock prices held firmer in some weight ranges and regional sellers faced cautious bidding across markets.
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Brubeck Cancels South Africa Concerts
American jazz pianist Dave Brubeck announces cancellation of remaining Durban concerts due to racial segregation policies. He notes his Cape Town shows are fully integrated and says he has met many black and white fans. The South Africa tour ends October 30 amid protests sparked by Juliet Prowse and others.
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Murder Victim Joyce Kinsey Found in New Mexico Grave
The body of Joyce Kinsey 48 of Silver City NM was recovered from a shallow grave 21 miles north of Deming New Mexico the crime occurred May 1 1978 and authorities say a blunt instrument caused death. Investigators have multiple suspects and have cleared Kinsey's husband as a possibility. Kinsey was buried in Rose Hill Cemetery Fredericksburg Iowa after services at Chenoweth Funeral Home.
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Committee Aims Workers Vote on Social Security Coverage
Washington lawmakers urge state and local government workers be allowed a vote before any termination or replacement of social security coverage. Frank Church notes ending coverage could harm future retirement and health protections. The report calls for independent actuarial review and a possible referendum before any change.
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Community groups plan meetings at Kirkwood College Cedar Rapids
Avio Mechanics Advisory Society and Retail Management advisory committees at Kirkwood Community College schedule meetings on Tue Oct 26 at 7 pm in Room 124 Linn Ball to elect a chair and discuss funds for needy students. Local notices list multiple shops and events around Cedar Rapids including garden centers and weekend listings.
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Last Political Talk Hughes Backs Carter
WALLINGTON Iowa former Sen Harold EL Hughes says he will vote for Jimmy Carter, citing a need for change and his oath. The Iowa Democrat, now in religious ministry, adds Carter is the best man for the job and the country needs a change.
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FDA To Probe Health Claims of High Fiber Breads
Government scientists will examine claims made for bran cereals and other bakery products regarding health benefits. The probe aims to determine if the labels and advertisements justify any medicinal or disease prevention claims beyond ordinary nutrition.
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Chadwick Named To U S Pension Watchdog Post
William Chadwick named ramel administrator of pension and welfare programs at the US Labor Department. He succeeds James Hutchinson who resigned in August. Chadwick will enforce the federal pension reform law and direct investigations of the Teamsters Central States pension fund.
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Two Million Flu Shots Reported Amid Swine Flu Panic
Atlanta AP reports more than two million Americans mostly elderly received swine flu shots during a peak period tied to death reports. Health officials say deaths were not caused by the shots. About 27.9 million Americans had received shots in the five week program with two million administered last week.
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Destruction Planned for 405 Cans of Coors Beer
Grosse Pointe Farms police plan to crush 405 cans of Coors beer found in a Detroit area suburb citing state law requiring disposal due to unpaid tax. The contractor will use a tractor in a city lot as the fire department assists. A separate note mentions Spain’s 1859 war against the Moors.
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Distributions by USP Real Estate Trust Declared
USP Real Estate Investment Trust board declares a quarterly distribution of nine cents per share with record dates July 1 August 10 and September 1. For the first nine months of 1976 assets rose 27 percent to exceed $25 million as gross income grew 35 percent, reflecting current market conditions across shopping centers warehouses apartments and commercial and industrial properties.
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