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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 01, 1964
Page
4
A late rally in New York saw airlines, steels and motors push indices higher after an early loss. Trading was brisk with about 5.5 million shares. most gains were fractional with some advancing one to three points as Dow components from DuPont to Boeing showed mixed moves.
Receipts 7,500 cattle with 25 calves. Trade slow. Early sales show steers and heifers mostly steady. Choice 1,000-1,250 lb steers at 20.50 to 21.25, one load high choice prime 21.75. Choice heifers 20.50 to 21.00.
Prices in Cedar Rapids on Wednesday were steady with Tuesday's quoted bulk 200 to 230 pound hogs at 14 to 14.25 dollars. Packing sows 300 pounds fetched 12.75 to 13.25 dollars, while various weight and grade adjustments affected other categories. Also noted are corn at 1.11, soybeans at 7, and oats off the market. An Investors' Guide column discusses the link between wages and interest rates, explaining Federal Reserve policy influence and international currency effects on rates.
USDA estimates Thursday receipts 800 cattle 5500 hogs and sheep. Hog prices steady to 25 cents lower with slow trade. top hogs at 15. Mixed weights 14.00 to 15.00 per hundredweight. Cattle receipts 8500 with slaughter steers mostly steady. top 1100-1350 lb at 22.00 to 22.75. Sheep 200 head with lambs 21.00 to 23.00 in markets mixed.
Selling pressure was present most of Wednesday with wheat down 34 cents a bushel, soybeans up 1 to 2 cents, corn flat to 4 cents lower, oats up 14 to 4 lower, and rye down 34 to 14 cents.
Chicago market notes show no wheat or soybean sales. Corn prices listed as No 2 yellow 1 244, No 3 yellow 1.18 1.22V2, No 4 yellow 1.18 1.192. Oats No 2 extra heavy white 67c. Soybean oil priced at 7.90.
Sioux City cattle receipts 4 500 calves 50. Trade uneven with steers and heifers steady to 25 cents higher. Choice steers 1 000 to 1 300 pounds bring 20.00 to 21.00 dollars, two loads average. Heifers 950 to 1 150 pounds bring 20.00 to 21.00 dollars.
USDA live pool shows wholesale buying prices unchanged with roasters at 24 26c and fed White Rock fryers at 19 20c. Butter remains steady with 93 score AA 57 ac, eggs barely steady with whites 31 2c and standards 29 2c, potatoes arrivals 26 on track 184 total U S shipments 540. Red River Valley red potatoes sell 2.50 2.65 while Florida round reds fetch 2 75 2.90 on local tracks.
New York produce brief notes butter supplies ample and demand fair to good with no price change. Eggs adequate with quiet demand. standard eggs quoted 30/2 32c and checks 27 28c.
Prof. Edward F. Mason, 76, and his wife Dora Mason, 67, are in fair condition at University Hospitals after their overturned car in a Interstate 80 crash near West Branch Cedar County. Authorities say the westbound car suddenly swerved and traveled 200 feet, clearing a median and landing on its top. they credit seat belts and call the cause mechanical failure.
Gas sniffing equipment to detect leaks in earthquake torn Anchorage left Tuesday.
Citizens Advisory Committee proposed three options for a new Marion fire station. The preferred site is on the northeast corner of Eighth Avenue and Thirteenth Street owned by Walter Stobaugh, listed at 35000 dollars. A backup site on Eighth Avenue and Sixth Street owned by Howard Leeks would cost under 20000 dollars, with a third option at Tenth Street and Fifth Avenue owned by Herbert Hartford priced at 19000 dollars. Fire officials favor a northern street location and a 92 by 70 foot building plan.
OELWEIN Reynolds Hentges of the state fire marshal's office praised Hazleton firemen for their quick response to a blaze at the James Roepke residence. Despite a nonworking fire whistle, firefighters arrived in four minutes and did a professional job. Three Roepke children died.
Start a regular investing account with an initial $100 and add $50 or more as often as you wish. This plan supports flexible contributions and ongoing growth.
Teresa Moffatt lists three majors and 26 captains from all Marion sections as residential cancer crusade leaders. A volunteer kickoff is set for Wednesday April 8 at 10 a.m. in the Suburban restaurant. Jerry Spresser will head the Marion business division with volunteers starting this week.
President Johnson asked Congress to establish a 15 member bipartisan commission to study the gap between consumer food prices and what farmers receive. He noted the panel would examine changes in the American food industry and would be named by the House, Senate, and the President.
Robert Walker told the stockholders that March cigaret sales will rise over last year and first quarter earnings won’t be far below 1950 levels. He cited a late January February dip after the surgeon general’s health warning and criticized anti tobacco sentiment as hysteria. He noted exact figures to be released later this month.
Link-Belt Co. reports 1964 first quarter sales about 7 percent higher than 1963. inbound sales exceed billed sales, March 1 backlog up about 12 percent. earnings seen 10 percent higher. 1964 capital expenditures around 4.5 million, mainly for machine tools and processing equipment. One new director elected Robert N. Whittemore of Naugatuck Connecticut joins the board. his father retired after 36 years.
Sears, Roebuck and Co. announced record net sales of 5.1 billion dollars for the year ended Jan. 31, 1963, an 11.1 percent rise. Net income reached 261 million dollars, or 3.44 dollars per share, up 11.3 percent from the prior year.
President Abdullah al Sallal of Yemen flew from Moscow to Prague for a three day trip to Czechoslovakia signaling expanded ties with the Soviet bloc Tass reported.
A terminally ill elderly Indian man becomes a symbol of courage for youths awaiting risky operations as Channel 9 features BEN CASEY on Wednesday night at 8. The broadcast highlights resilience, medical hope, and personal fortitude.
City ordinance No. 9-64 changes the zoning of several Lots in Auditor's Plat No. 276 Linn County from R-1 to R-36. It requires a 50 foot right of way dedication along Edgewood Road and mandates publication costs be borne by petitioners. Signed by Robert M. L. Johnson mayor with attest seal and published April 1, 1964.
The sheriff will sell by auction on April 17, 1964 at 9:00 A.M. at the Linn County Courthouse Cedar Rapids the chattel mortgage secured property from Bart Beck and Nadine Beck to Louis Pochobradsky and Ella Pochobradsky. Property includes bar fixtures equipment and inventory at Becks Dog House Cedar Rapids described as cooling units, taps, bars tables chairs booths glasses and related items. Proceeds go to satisfy the promissory notes with 7 percent interest and accrued costs. William H. Ryan is attorney for the note holders.
Special Execution No. 76765 directs sale of The East 40 feet of Lot 7 Block 28 Bever Park Sixth Addition Cedar Rapids to satisfy a judgment in favor of The Morris Plan of Cedar Rapids against Franklin W. Vaughn and Mary A. Vaughn. Sale set for April 24 1964 at 9:00 a.m. in front of the Cedar Rapids courthouse.
State of Iowa Linn County ss District Court to all whom it may concern notice is hereby given that on the 9th day of April A D 1964 at 9 00 oclock A M an instrument purporting to be the last Will and Testament of Elizabeth E Hennessey late of a said county deceased will come on for hearing before the said District Court at the Court House in Cedar Rapids Iowa for the proof and admission of same to probate Dated Cedar Rapids Iowa March 31 1964 MELVIN J McCALLEY Clerk District Court O Ro r ie ley Rosser Attorneys
David A. Glanz of The Morris Plan in downtown Cedar Rapids promotes loans to cover tax payments and other bills. Borrow the money you need and repay with one monthly budget sized payment.
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