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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jan 26, 1981
Page
5
Fire officials from Pomona Wellsville and Ottawa joined to battle a blaze near the east downtown area. The destruction affected several structures partially insured, while the company kept operations open today and kept trains stopped east of the scene.
Washington reports 1980 crop production valued at an estimated $83.7 billion, a record, up about 8 percent from 1979. Corn tops the value at over $23.3 billion with rising prices lifting overall sums despite smaller harvests, while soybeans and wheat also rise in value.
The Daily Report notes a grass fire at K-48 and Main with unknown cause and no structural damage. It also lists Friday commodity quotes for wheat, corn, milo, soybeans, and oats, and provides Monday livestock futures from Kansas City, including cattle receipts and hog trading with weights and price ranges.
In Topeka lawmakers introduced bills targeting drivers who exceed the 55 mph limit. One proposal would remove the 10 mph grace, threatening license loss after multiple moving violations, while another would ban devices that alert drivers to radar enforcement. The session also weighs changes to a new personal property tax collection method on autos to avoid double taxation.
About 2000 students began a sit in at Lodz University demanding abolition of mandatory Marxist philosophy classes and full university independence. The unrest follows government price moves and fear of Soviet intervention as Solidarity seeks five day weeks and a televised debate with authorities.
Washington forecasts from the Agriculture Department indicate world beef supplies may be fairly constant in 1981. Major exporters are expected to cut production about 1 percent and reduce exports about 5 percent from 1980, with droughts in Australia and shifts to sheep in New Zealand shaping the outlook. Argentina also trends lower, while U.S. cattle herd rebuilding slows after last summer's drought and heat. Pork and poultry demand uncertainty further clouds the market.
Wall Street opened with losses as the Dow Jones industrial average fell to 937.88 in early trading, with losers outnumbering gainers on the NYSE. Analysts linked the drift to rate uncertainty though Friday’s Fed money supply report suggested possible lower rates ahead. Gold and mining stocks tumbled while RCA faced a governance shakeup as chair Edgar Griffiths resigned effective July 1. Big Board volume was 14.97 million at noon.
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