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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 24, 1975
Page
22
Financial report from Cedar Rapids Gazette notes the Dow Jones 30 fell 8.58 to 846.58 at 2 p.m. amid profit taking and NYC outlook concerns. Banks cut prime lending rates to 7 percent while overall NYSE and AMEX indices showed declines. Tenneco led NYSE activity with a modest gain.
A late Friday list shows prices for insurers banks and manufacturers including Am. Ins. Fund Covey 4.284 Am Rein la el4 Bank of Iowa 23-25 Beatrice Foods 22.25 Conroe 24 Consolidated Foods 7 Guardsman 33.44 Harriscntger mya Hawkeye Bancorp 91.89 Health Sves interstate Power 7 Iowa Electric 2.5 Gos 18 Jon Deere 4.625 Kidde Keuftel & Esser 123.413 Life Investors 31.24 LTV Corp 238 Moytog McCord Corp 434 Mid America 448.490 Mid Continent 33.11 Miracle Mortgage 238 Poxell Quaker Oats 31.8 Rockwell 22.125 Syntex 25.8 United Fire & Casualty 141.415 United Guaranty 77.6 Winnebago Industries 90 5% Tmpe 9? 6% Var 4 4 Lao Ide % Xerox Corp Me SOV 56% Assoc Press 1978.
Irregular wheat and corn declines with oats rising and soybeans mixed at the Chicago Board of Trade. Prices showed gains before noon but fell to close amid hedge selling as harvests weigh on futures. Reports cover Des Moines cattle and hogs, Joliet livestock, and Sioux City hogs with varied receipts and price ranges across regions.
The Cedar Rapids hog market Friday held steady as Thursday’s prices stood. Butchers 200 to 230 lbs sold 54.00 to 55.00 with sows around 47.00 to 47.50. higher weights faced deductions per 10 lb increments. Sheep and wool prices also listed for choicest lambs and wool lambs amid grain notes.
Cedar Rapids items note Ty Krumm and Thomas D. Smith of Lisbon enlist in the navy. Local ads include Ray's grocery deliveries and Nelsons Grocery contact. Public and church notices plus regional market data cover beef pork eggs and livestock quotes from Des Moines Omaha and Webster City.
St Pius X hosts its fourth annual fall bazaar on October 25 26 at the corner of St. and Col ling Roads NE with hours Friday and Saturday. Also listed are a Good Tree Run, Koob Orchard sale, lawn service ads and an art auction at Temple Judah on October 26.
Consolidated Foods Corp. in Chicago says first quarter sales from continuing operations rose 5.5 percent to 662.145 million. Earnings from continuing operations slipped to 18.955 million, 63 cents a share, from 19.571 million, 66 cents. Net income climbed 6.6 percent to 19.075 million.
Rockwell International will phase out its Cicero Illinois printing press plant by mid 1976. The Cicero facility, part of seven graphic systems plants, faces a strike by IAMAW workers as the company consolidates and shifts production to other plants amid weak order backlog.
A barn and hay at the Leonard Jansa farm two miles southeast of Cedar Rapids Municipal Airport burned Friday. Linn deputies arrived at 6:47 a.m. to control traffic at the scene. Officials believe lightning from a nearby thunder shower sparked the blaze. Sheriff Walter Grant reported the barn burned to the ground.
Former U S congressman Fred Schwengel president of the U S Capitol Historical Society will speak on Let Us Have faith at a November 4 dinner in Teamsters Hall Linn County open to the public Tickets available at Republican Headquarters 366-6666 Schwengel will show the Oscar nominated S L N E Golden Eagle award film about Washington D C its Capitol and the Mall produced from historical sources and helicopter footage Schwengel served 1954 1970 representing Iowa 1st district and authored the one man one vote concept
Gov. Robert D. Ray announced Eastern Iowans appointed to state examining boards. From Eastern Iowa the watch making board includes James Van Den over Oelwein and James Peterson Washington. Licensed physical therapists Helen Reichart Monticello and Warren Rogers Cedar Rapids join the PT board. Optometry board includes Kenneth McMaster Oelwein. All appointments await senate confirmation.
Citibank lowered its prime rate to 7 percent effective immediately, the first drop since June and a response to the Fed’s easing of money and credit restraints. Other major banks were expected to follow Citibank’s move as the rate had risen to 8 percent by September 12.
Iowa Attorney General Richard Turner filed in Polk County District Court alleging Organized Services Corp. misled advertisers for the Iowa State Trooper magazine. The suit says the Boston based firm claimed most proceeds went to the troopers association when under 20 percent did. It also accuses the firm of promising favored treatment from state troopers. A hearing is set for November 3.
Gary Heckmann 28 of Decorah was electrocuted Thursday morning while three Northwestern Bell employees hooked a trailer to a truck on the Silvian Butikofer farm nine miles northwest of Elkader. The truck boom contacted a high voltage line. Heckmann died soon after at Elkader hospital. He was born August 25 1947 in Postville and married Linda Butikofer June 7 1970. He is survived by his wife three daughters mother six brothers and five sisters. Services set for Sunday at Zion Lutheran Castalia with burial at Postville cemetery.
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