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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 04, 1975
Page
14
New York stocks rose modestly as investors awaited steps to avert city default. The Dow stood at 836.05, up 3.76, with gainers ahead of losers on the NYSE as New York legislators held a special session to push a plan to prevent default on city obligations.
Dubuque jury tr ial date for Dennis Fisher 24 faces open murder charge in the death of Howard Miller of Masonville. Change of venue set to Sept. 16 with Fisher jailed in Dubuque. Myra Miller 15 charged in the death of her husband scheduled for Oct. 13 in Delaware county. she is free on bond.
Regional livestock prices vary by weight and grade with steady demand. Butchers under 240 lb priced at $57.50 to $58.00, 240 to 250 lb discounts applying, packers discounts 25c to 75c per weight band, cattle and hogs trading unevenly across Des Moines, Omaha, Sioux City and Chicago markets as buyers and sellers adjust to midweek supplies.
Chicago based wire service notes a very tight trade as futures closed modestly higher across grains. Wheat rose 2 to 3 cents per bushel with September at 4.17, soybeans held steady to up 3 cents at 5.61, corn fell 1 to 3 cents with September at 3.02, and oats slipped 1 to 1.5 cents with September around 1.04.
Nine hostages released and armed captor Robert Reseck of Washington, D.C., surrendered after a 17 hour siege in downtown Albany near the State Capitol. Authorities say two Koutelis children were among the hostages, while a bank robbery and guard injuries preceded the confrontation.
Wayne Overhulser of Twentieth Avenue SW remains in good condition at Mercy Hospital after his arm was caught and pinned between two pieces of equipment Wednesday morning at FMC Corp located at 1201 Sixth Street SW. Former baseball player and pro golfer Ken Harrelson is 33 years old.
Barbara Bjornson, a Cedar Rapids Community school board candidate, told the Executive club that a 2.5 mill levy cannot fund a full McKinley junior high remodeling. She warned piecemeal funding would delay the project 2–3 years and cost about 10 percent more, with disruption to classes and neglect of key areas like the library and classrooms.
Three more suits arise from the October 3 1973 collapse of the KCRG TV tower near Walker Iowa. Plaintiffs Myron R Lohman and Alvin Peters sue Dresser Industries Gunnar Olsen Corp Cedar Rapids Television Co and others seeking damages for permanent injuries and losses. Peters seeks 35000 while his wife requests 6000 punitive. Lohman and wife seek 22500 in federal and Buchanan county actions with other damages noted. More suits are expected before the two year statute runs out.
A rush hour fire early Thursday morning destroyed the Double B supper club and lounge on Highway 30 near Tama’s east edge. Firefighters halted the blaze at 3:30 am after heat and smoke prevented entry. the roof collapsed as the kitchen fire spread through the building. Employee Sill Polka said there was no sign of fire at 2:15 am and owner Randy Miller was away. Fire Chief Robert Harrison said the state fire marshal will be notified, and crews saved only a safe and a desk.
Consolidated Foods said in Chicago that fiscal 1973 sales rose to a record 2.44 billion while earnings dropped from 78.8 million to 8 million. Per share earnings were 1.63, vs 2.67 prior year. Nonfood units like apparel and home furnishings offset gains in food. The firm has disposed of half its furniture operations and is negotiating Fuller Brush sale.
Frank R. West, president and founder of American Beef Packers, Inc., appeared in U S district court and entered innocent pleas to federal charges that he conspired to defraud Midwestern livestock feeders of over $20 million. The 105 count indictment was returned last month by a federal grand jury.
Employees of the Turner Co protested a two hour parking limit imposed on a section of Daniels street and Oakland road NE. A petition with 146 signatures was filed in the city clerk’s office as the city council approved the two hour rule on Daniels street from 3 am to 6 am and on Mekland road from 3 am to 6 pm between H avenue and a point 200 feet north of G avenue.
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