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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 23, 1976
Page
11
New York trading turned moderate as durable goods data spurred a selloff. Dow Jones Industrial Average slid to 938.75, Standard Poor’s index fell, and NYSE volume eased while investors reassessed economic revival prospects.
In this column several questions address investing during political change and general fund strategy. Historical data from Yale Hitach's Stocks Trader's Almanac 1976 notes the market's tendency to fall when the incumbent party loses power, with averages around a 44 percent decline versus a 15 percent gain when the incumbent remains. Other queries cover redeeming mutual funds, learning about stocks, and insurance linked to funds, with guidance to read up before acting and to consider cost and long term plans.
Cedar Rapids readers see a flurry of items including Harold Ward’s film showing The Making of a Pastrint at downtown venues, local ads for florists Pierson’s and Avene Floral, charity rummage sales at Trinity Lutheran School, a Hawkeye bicycle ride starting at Beyar Park, and new enlistees in the U.S. Air Force from Fairfax and Mc. The notices list open houses, theatre ads, coach charter numbers, and small business promotions with multiple local organizations and addresses.
Four Cedar Rapids volunteers with state posts in the Iowa division of the American Cancer Society travel to Des Moines for the division's 30th anniversary annual meeting. Led by Dr Regis Wetland the delegation includes Mrs Jack Car Miller Robert C Mourad Ed Pribyl and Madge Olson. The event features education rehabilitation and research program presentations and a luncheon with speaker Mrs Martin Perkins a scientist and cancer survivor whose husband hosts Wild Kingdom.
Mt Mercy College hosts Family Day with an open forum Q and A session at 2:30 led by President Sister Mary Agnes Hennessey and Academic Dean Travis Howser. The program includes a modern dance class, student skits, a reception for off campus partners, and a lunch in the dining hall.
In Homer Louisiana AP reports a Catholic priest was killed in his rectory after months of anti Catholic vandalism in the area. Sheriff James Oakes said there may be a connection as investigators pursue a possible attacker who fired through a screen door at St Margaret s church rectory killing Rev Theodore Latieveld 60 on the way to Shreveport hospital. Vandalism included desecration of a chrome crucifix and broken stained glass earlier at St Margaret s and similar acts near Haynesville.
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