Market Tumbles As Dow Dips Amid Economic Uncertainty
New York stocks fall sharply as the Dow Jones average drops to 882.01 at 2 p.m. Declines outnumber advances on the NYSE nearly three to one. Traders cite lingering fear over Nixon's economic program and dollar weakness. The Commerce Department reports Augusts red balance of trade, though improved from July.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
TRW
General Mills
Standard Brands
Occidental Petroleum
Nixon
Unofficial Iowa Interest Sales and Dividend Footnotes
A financial note explains that figures are unofficial and dividends shown are annual disbursements from the last declared period unless noted. It lists footnotes denoting special dividends, stock dividends, ex-dividend dates, and other conditions including bankruptcy, foreign tax, and various payout or issue statuses.
Chicago Produce Market Summary Potatoes and Eggs
CHICAGO PRODUCE CHICAGO UP Potatoes total I shipments 249 arrivals 100 track 90 demand slow market go Track sales Minnesota round reds 2.10 Butter prices paid delivered to Chicago unchanged Eggs prices paid delivered to Chicago unsettled prices to retailers grade A large mediums and extra Se 424-45/2 4 432Vo.
MENTIONED IN THIS ARTICLE
Chicago
Minnesota
New York Produce Prices and Market Demand Report
The New York market reports overall adequate to slow demand for wholesale offerings. Whites show good supply with large 36-38 and medium 23-26 sizes, smalls unquoted. Butter offerings irregular to adequate. creamery prices quoted with 93 score AA and 92 score A at 70 2 cents, 90 score B unquoted.
MENTIONED IN THIS ARTICLE
New York
USDA
Grain Gains Moderately Trimmed in Monday Trade
Chicago soybeans rose nearly 5 cents early but trimmed gains on profit taking. Wheat corn and oats moved higher at times and closed a shade up. Soybeans finished about 4 cents higher for November 3.11 percent, with December corn near 1.13 percent, wheat around 1.46 percent and oats roughly 12 cents higher to December 665.
MENTIONED IN THIS ARTICLE
Chicago
Lamson Brothers
Chicago cash grain prices report summary
Chicago cash grain prices show wheat No 2 hard red at 1.544 and No 2 soft red at 1.43. Corn No 2 yellow at 1.14. Soybeans No 1 yellow at 3.09 with soybean oil at 12.27.
MENTIONED IN THIS ARTICLE
Chicago
Des Moines UPI livestock market report shows steady hog prices
Trade moderately active with demand good. Butchers steady to 25 cents lower than Friday. sows steady. Monday estimate 100,000. Friday 60,000. Saturday 45,000. week 195,000. year ago 84,000. U S 1 3 200 230 lb butchers 18.75 19.50. 230 240 18.50 19.25. 2 4 s 240 260 18.00 19.00. 260 280 17.25 18.50. sow ranges 270 330 15.50 17.00. 330 400 15.00 16.50. 400 450 14.50 15.75. 450 550 13.50 15.25.
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Ve GA Corp
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Ine
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Inc
Des Moines
UPI
U.S
Waterloo Hog Market Steady With 200-230 Lb Butchers
Waterloo county buying points reported a steady hog market on Monday. 200 to 230 pound butchers brought 18.25 to 18.75 dollars. 270 to 300 pound packing sows sold for 15.50 to 16.00 dollars. Plant delivered prices matched country quotes in Waterloo.
MENTIONED IN THIS ARTICLE
Waterloo
Postville Beef Prices Quoted For Market Monday
Postville market posted beef prices with ranges for prime steers 33.00 to 34.00, choice steers 31.50 to 33.00, good steers 27.00 to 29.00, standard steers 23.00 to 26.00, choice heifers 30.50 to 31.50, good heifers 26.00 to 28.00, utility cows 19.00 to 23.00, canner and cutter cows 17.00 to 22.00, and bulls 25.00 to 28.00.
MENTIONED IN THIS ARTICLE
Postville
Sioux City Livestock Figures Show Mixed Movements
Sioux City livestock market report notes hogs steady to firm with some up to 25 cents higher. Priced U.S. 1-3 195-260 lb hogs at 19.25 to 19.50, 350-450 lb sows 16.25 to 17.25. Cattle volume around 6,000 and calves 450. Slaughter steers steady to 0.25 lower, heifers steady. steers 950-1200 lb at 31.50-32.50, prime 32.75, heifers 1050 lb at 30.50-31.50 with 31.75-32.00 for prime and mixture of good to choice at 29.00-30.50. sheep count about 1,100 with market notes not fully listed.
MENTIONED IN THIS ARTICLE
Sioux City
U.S
Omaha Livestock Market Wrap Up
Hogs at Omaha quotes show barrows and gilts steady to 25 lower with lighter weights dropping up to 25. Cattle and calves mostly lower. steers and heifers down 25, cows down up to 50, feeders mixed. Sheep slaughter lambs 50-75 cents lower, ewes steady, high quality lots firm on selected numbers.
Cedar Rapids hog market dips amid mixed weekly prices
Iowa market notes show Cedar Rapids hog prices steady to 25 cents lower on Monday. Saturday's bids for 210 to 230 pound butchers ranged 18.75 to 19.25 dollars, with packers and weight-based cuts discounted for heavier hogs and larger tonnages. Poultry and soybeans listed with varied daily prices delivered.
Oelwein Man Escapes From Luster Heights
Kenneth Guite a 34 year old from Oelwein escaped from the Luster Heights prison farm near McGregor while on leave to seek work in Cedar Rapids. He has been serving a 10 year forgery sentence since January 16, 1964. Guite is described as 5 feet 8 inches tall, 165 pounds with hazel eyes and red hair.
MENTIONED IN THIS ARTICLE
Mcgregor
Iowa
Kenneth Guite
Oelwein
Luster Heights
Guite
Cedar Rapids
Youth Pleads Innocent to Check Charge
Donald R. Novak 19 of 2017 Mallory Street SW pled innocent in Cedar Rapids federal court to forging a government check. Prosecutors say a two count indictment by a Cedar Rapids grand jury accuses him of endorsing a $729 check payable to Perry G. Lindeman on March 1. Trial set for Oct. 7 before Judge Edward J. McManus. Novak released without posting bond.
MENTIONED IN THIS ARTICLE
Donald R. Novak
Mallory Street
Cedar Rapids
Novak
Edward J. McManus
Perry G. Lindeman
Hartman Promoted as Cedar Rapids Gas Official
E J Hartman is shifted from district manager Cedar Rapids to associate general counsel with offices in Davenport. Jack A Sayre of Davenport named district manager Iowa Illinois Gas and Electric Co Cedar Rapids effective Oct 15. Sayre formerly vice president at Iowa Power and Light Co and joined Iowa Illinois in 1965. He and his wife Catherine will move to Cedar Rapids with two daughters and a son in the U S air force. Hartman has been district manager since January 1966 and will join Red Cross Rotary and YMCA community roles in Linn County.
MENTIONED IN THIS ARTICLE
Jack A. Sayre
Davenport
Iowa-Illinois Gas and Electric Co
Cedar Rapids
Charles H. Whitmore
Sayre
Edward J. Hartman
Iowa Power
Iowa Power and Light Co
Des Moines
Iowa-Illinois
University of Iowa
Iowa Engineering Society
Catherine
U. S. Air Force
Hartman
Linn County
American Red Cross
Cedar Rapids-Marion
Balance of Trade In Red in August
The United States ran a trade deficit for the fifth straight month in August despite Nixon's import surcharge, with imports exceeding exports by 259.7 million dollars. The year to date deficit reaching 936.1 million dollars contrasts with a 2.2 billion surplus at the same point in 1970. The surcharge had limited impact since it began mid month and did not affect goods already shipped.
MENTIONED IN THIS ARTICLE
Commerce Department
U.S
Nixon
Washington
GNP Growth Revised Upward in Second Quarter
The Commerce Department confirms another upward revision to second quarter gross national product. Total output now stands at 1,043.1 billion dollars, up 1.8 billion from August 20 estimate. Real GNP in 1958 prices revised to 738.4 billion, signaling 4.8 percent annual growth instead of 4.0 percent.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
IMF chief presses U S on removing import surcharge
Pierre-Paul Schweitzer urged the United States to drop its 10 percent import surcharge and called for currency realignment by major industrialized nations. He argued the surcharge is only justified until durable exchange-rate action replaces it, as talks aim to resolve the monetary impasse by year end.
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Washington
Pierre-Paul Schweitzer
International Monetary Fund
U. S
Schweitzer
U.S
U. S. Treasury
Connally
Newsmen
IMF
Europe
Japan
Woman Seeks Seat on Iowa City Council
Esther Atcher son announced plans to run for a seat on the Iowa City Council in November. She argues women should be represented in city government and management, and would push for cooperation among city county and university law enforcement, proactive ordinances, and broader zoning laws. An Indiana University graduate, she is assistant probation officer for Johnson County Juvenile Court and serves as finance chair of Pilot Club International. She is licensed as a real estate salesman and attends Gloria Dei Lutheran church. married with four children.
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Iowa City
Esther Atcherson
Atcherson
Indiana University
Johnson County
Pilot Club International
Iowa
Gloria Dei Lutheran Church
Two Cedar Rapids Men Plead Innocent On Draft Counts
Two Cedar Rapids men, Larry M. Junkins, 22, and Terry A. Bright, 26, faced federal charges in Black Hawk County related to the military draft. Junkins pled innocent to seven counts, including five for failure to report for induction, plus counts for failing to provide his address and missing a physical exam. Bright pled innocent to failure to report for induction. Both men were released on their own recognizance as their trials, set for Oct. 12 before Judge Edward J. McManus, approach. Maximum penalty for failure to report is five years in jail and a $10,000 fine.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Larry M. Junkins
Blairs Ferry Road
Junkins
Black Hawk County
Jenkins
Edward J. McManus
Terry A. Bright
Twenty-ninth Street Drive
Bright
Two Arrested For Drunk Driving After Erratic Stop
Two men were charged with drunk driving after officers stopped them for erratic driving. They were released from the county jail on promises to appear in court. Edwin J. Ama, 32, Center Point, was arrested late Saturday on Highway 150 south of Hiawatha.
MENTIONED IN THIS ARTICLE
Edwin J. Ama
Center Point
Hiawatha
Reginal Olson Arrested on Third Avenue Near Tenth Street
Reginal D Olson aged 33 of Stanwood was arrested early Sunday on Third Avenue SE east of Tenth Street. Local authorities reported the incident.
MENTIONED IN THIS ARTICLE
Reginal D. Olson
Stanwood
Third Avenue SE
Tenth Street
Youth Pleads Guilty to Theft Of Motorcycle
Michael J. Stephenson 19 of 624 Twenty-ninth street NE pled guilty in federal court to transporting a stolen motorcycle from Atlanta to Cedar Rapids last June 13. He asked for immediate sentence. restitution had been made. Judge McManus suspended imposition of sentence and placed him on two years probation under the federal youth corrections act. A second youth, Steven A. Meyers of 2279 C street SW, faces arraignment Tuesday.
MENTIONED IN THIS ARTICLE
Michael J. Stephenson
Twenty-ninth Street
Atlanta
Cedar Rapids
Stephenson
Iowa State University
McManus
Steven A. Meyers
C Street
Petitioners Seek New Bridge in Johnson County
Iowa City officials report residents presented a 550 name petition for a Cedar River bridge at Sutliff. Supervisors said current finances prevent a new bridge there but acknowledged many county bridges are in poor shape and might need a special bond issue.
MENTIONED IN THIS ARTICLE
Johnson County
Iowa City
Johnson County Board of Supervisors
Cedar River
Sutliff Bridge
ABC Evening News anchors Smith and Reasoner on TV9
The message notes Howard K. Smith and Harry Reasoner appearing on the ABC Evening News at 5 p.m. on weekdays, indicating a television news broadcast schedule and prominent journalists on air.
MENTIONED IN THIS ARTICLE
Howard K. Smith
Harry Reasoner
ABC Evening News
TV 9
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Iowa City Council
C.R
Credit & Thrift
Industrial Credit & Thrift Company OF Iowa, Inc
1St Avenue SE
Itt
E. Cohn & Sons, Inc
L St. S.W
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