Caesar Jerome (Jerry) Peluzzo, 49, owner and operator of the Independent Stone Co. of Maryland and a volunteer in civic and charitable work, died of cancer Saturday at Georgetown University Hospital.

Mr. Peluzzo was born and reared in Washington. He began working for the stone company, which was founded by his father, after graduating from Eastern High School here. He operated the company from his Oxon Hill home until about six months ago, when he retired for reasons of health. The company now is being run by his son, Jerome, also of Oxon Hill.

He served as master of ceremonies for the Lindyettes, a group of semi-professional local children and young adults, at more than 20 shows for charity in the metropolitan area last year. He also was an amateur photographer, specializing in children's portraits.

He served as an Air Force rescue radio technician in Korea during the conflict there and received a decoration for his part in the rescue of four American airmen who had crashed at sea. He was a member of the Veterans of Foreign Wars Post 9619 in Morningside, Md.

Mr. Peluzzo was head coach of the championship 13- and 14-year-old Boy's Club basketball team in Oxon Hill and a former president of the Birchwood City Citizens Association in Prince George's County.

He was a volunteer citizens band radio highway distress operator, known to other C.B. operators as "Running Bear."

In addition to his son, Jerome, survivors include his wife, Shirley J., two other sons, Mark and Matthew, a daughter, Melody, his mother, Melinda M. Peluzzo, and a sister, Linda R. Townsend, all of Oxon Hill.

The family suggests that expressions of sympathy be in the form of contributions to the Vincent T. Lombardi Cancer Research Center, Georgetown University Hospital, Washington, 20007.