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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 04, 1976
Page
10
New York Government data show unemployment up to 7.9 percent in August while Citibank held its prime rate at 7 percent. The Dow rose 4.32 to 989.11, extending weekly gains to 25.19 points as trading preholiday fell short of Thursday volume.
Soybean futures surged over ten cents aided a broad advance on the Chicago Board of Trade while corn rose and wheat and oats trimmed losses. UPI reports Des Moines livestock markets showing moderate demand and varied prices across hogs cattle and sows amid week receipts and forecasts.
The Federal and State Market News Service reports Friday show mostly stable to lower poultry prices in the West Central States and firm egg quotes in Des Moines. Supplies are tight for hens and eggs, with buyers cautious and grading guiding price, Grade A large at 57 to 58 cents, Grade A medium around 48 to 50 cents, and Grade B under 40 cents.
Four Fresno Bee journalists began serving contempt sentences for refusing to reveal a news source. William Patterson, Joe Rosato, James Bort, and George Gruner surrendered at the Fresno county jail after a 16 month fight to overturn the open-ended jail term. An appeal was filed with the U S Supreme Court. The case involved a grand jury transcript relating to bribery indictments tied to a Fresno city councilman and two others, with the councilman later acquitted in Oakland.
An 18-year-old Tama man was charged with attempting to break into the Montour post office on May 10. The charge comes in a U.S. attorney information naming Larry Long. Four others believed involved were turned over to juvenile authorities for action by state officials.
Sam Snulsky counsels readers on inflation, fixed income limits, and the tradeoffs of bonds versus equities. He warns that secure certificates may fail against inflation, and stresses that stock investments carry risk but offer growth potential over time. He suggests diversification, top-grade bonds, and realistic retirement goals.
Six teams of men over 35 will compete Sunday at the Washington high school track for awards in the Iowa Heart Assn senior men's Olympics. Events include obstacle course tug-of-war standing four-man long jump mile medley and open mile. Volunteers will coordinate events and distribute heart health literature as games start at 1 30 pm.
Washington AP report said a Kissinger aide used the word fascist about Solzhenitsyn. The State Department stated Winston Lord recalled calling the novelist a man of great courage and intellect and disagreed with his foreign policy views.
Witness sought for pedestrian incident on Jahmson Ave NW near 4200 block on March 22 1976 call 366 2447 Adv Kids need a ride to school form Century Cab Pool 365 0508 Adv Baumhoefener's plant shop and Holland Bulbs feature new stock at 4241 Johnson Ave NW Adv Local hair salons announce staff additions and appointments call for details Adv Rent space in new Cedar Rapids building 366 2234 or 393 8281 Adv Travel and event ads list trips to Colorado Springs Las Vegas Bryce Canyon Zion Disneyland and more Tours by Peggy 366 1838 Adv Meeting notices sports tickets and farm show ads include prices and contact numbers Adv End of notices for senior citizens dairy cattle congress Cubs vs Phillies Oct travel tour leaf tour and mystery Sertoma program details Adv Thank you note for flowers and support following a death Adv Rental ads conclude with Franklins Mint discounts and equipment rentals Adv
BARTLESVILLE Okla UPD The Phillips Petroleum board chairman WE Martin says charges alleging a 2.7 million tax fraud conspiracy against Phillips and two former officers are unfounded and the case will be vigorously defended He notes the indictment will be discussed at the Sept 13 board meeting The seven count indictment targets actions from 1962 to 1973 across multiple locations including Washington Geneva London and Panama City involving a stash fund and Swiss bank channels
Washington AP. A Sunshine bill to open agency meetings to public view moves through Congress awaiting Ford’s signature. A 180 day grace period allows 50 agencies to draft rules while exemptions cover defense policy personnel data and privacy. Key agencies like the Federal Reserve Board and SEC push for transcripts or minutes to curb leaks and casual meetings.
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