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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 12, 1975
Page
14
New York stocks edged up as banks raised prime loan rates a quarter point boosting the mood. The Dow rose 4.06 to 916.72 with Gulf Oil leading activity while trading remained subdued on Yom Kippur.
Cedar Rapids hog market Friday showed lower prices across weights. Thursday delivered batch prices ranged around 59.25 to 60.00 for bulk country and plant butcher cattle, with packers discounts for heavier hogs and multiple price tiers for sows and cattle. Local reports from Des Moines and Sioux City noted mixed movement with steady to weaker undertones in livestock prices and broader market quotes for grain and poultry.
Los Angeles based UPI report says seven ballistics experts from FBI departments universities and institutes across California Minnesota Michigan Washington DC were ordered by Judge Robert Venke to independently test Sirhan Sirhan s pistol and the recovered bullets to see if another gun fired in the RFK assassination and to ensure the pistol and bullets remain valid evidence after seven years. The panel will follow ground rules from civil suit attorneys including CAS TV and Paul Schrade.
Chicago grain futures edged higher after the USDA cut its production estimates for corn and soybeans. Soybeans rose about 20 cents a bushel with September at 5.674, wheat gained about 15 to 174, corn advanced to around 3.0644, and oats rose to 168. Livestock in Des Moines saw trade moderate as butchers posted lower numbers for various cattle cuts, with receipts varying by day and week.
First National City Bank lifted its prime rate by a quarter point to 8 percent the highest since February. Citibank kept its rate at 7.34 percent as inflation pressures linger. Separately, the postal service announced permanent rate changes taking effect Sunday with minor letter rates holding at 10 cents and postcards at 9 cents while higher temporary rates and later 13 cent letters are expected after Christmas.
Trustees of Southern Illinois University voiced no action to halt a federally funded 121000 research project to test whether marijuana inhibits male sexual arousal. Dr Harris Rubin directs the study using paid volunteers inhaling marijuana and watching erotic films with genital arousal measured by electronic devices. Reverend Ben Glinn criticized the effort as wasteful and politically opposed in Carbondale but trustees avoided interference citing academic freedom and campus autonomy.
Washington AP President Ford asks House Intelligence Committee to return secret material after four words from a panel release were not cleared by agencies. Rex Lee cites risk to foreign policy and demands withholding further information until administration approval. Otis Pike responds that executive branch limits committee operations.
Jose and Mary Bueno of Woodland California sue Dr John Klock of UC Medical Center Cancer Research Institute for $1 million claiming organs from their daughter Irene 24 who died of bone marrow cancer were removed without parental consent and the remains mutilated and desecrated by the hospital staff.
NAACP branch discussion set for Sunday at 4 p.m. at Jane Boyd Community House. Iowa Music Educators conference features Tom Ecker at Coe College. Amalgamated Meat Cutters barbecue dinner promoted at Union Parking Lot. Ads note archery gear, tires, stolen items, hydrant theft, camera, radios, humidifier and more. Community events, sales and notices populate a broad city-page roundup.
Hong Kong dispatch reports China gifted Mexico City a pair of pandas named Pei Pei and Ying Ying. The animals were described as sturdy and lively as they arrived escorted by officials from the Peking Zoo and Mexico City Zoo, with an architect also listed.
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