Hogs Slump As Market News Trigger Narrow Trading
In Chicago the hog market slips amid weak financial news and a downbeat tone in the broader markets. Soybeans gain footing in other pits as traders weigh demand signals and near term supply prospects.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 05, 1966
Page
11
In Chicago the hog market slips amid weak financial news and a downbeat tone in the broader markets. Soybeans gain footing in other pits as traders weigh demand signals and near term supply prospects.
Market prices stayed notably higher in heavy trading as the rally continued into a fourth session. Blue chips led gains with American Telephone and United States Steel among notable fractional advances amid profit taking.
C R Markets reported Cedar Rapids hog prices Tuesday were steady to 25 cents lower. Bulk 200 to 230 pound butchers sold for 22.25 to 22.75, with 300 pound and lighter sows bid 20.75 to 21.00. Quotations based on grade J and plant delivery. Hog prices adjust 25 cents for weights 230 to 300 pounds and 50 cents for weights above 300 pounds.
AP reports wholesale buying prices lower for seafood and poultry, butter steady to firm, eggs near steady with grade breakdowns, potatoes arrivals up with mixed demand. New York markets show eggs adequate and butter offerings ample, with creamery butter grades quoted around 62 to 64 cents.
Mayor Orville Cox opened the regular meeting with council members Linley Williams Brown and Kelley present Hapgood absent. Illinois Gas and Electric Co officials discussed potential gas service to Spring while plans to open a retail furniture store and weekly auction were considered. Annexation inquiry about ground east of town for anhydrous fertilizer plant noted with details to follow. Adjournment moved by Binley and seconded by Brown.
Robert L. Duffy sues Duane Duffy in Linn County District Court claiming the defendant owes 457.50 plus interest from February 4 1958 on a judgment from Jo Daviess County Illinois assigned from Northern Winds Corporation. A writ of attachment is sought and the defendant must appear by April 29 1966 or default and decree will be entered. Eldon L. Calton attorney Cedar Rapids Iowa.
James A. Bayne resigned at a Linn-Mar board of education meeting on Monday after heading the district for two years. He announced his future plans are indefinite and said he enjoyed his work in Linn-Mar. Bayne previously served as junior high principal for two years and earlier in Solon district for four.
Marion city council lifts into action a first phase paving plan listing Twenty-second Street, Fifteenth Street, and South Eleventh Street relocations. The council assigns legal work, approves sewer and paving contracts, accepts an engineer’s certificate, and schedules readings for a city assessor position and off street parking expansion.
Washington AP reports U S employment rose by more than 500000 in March while unemployment stayed near 3.8 percent. Labor force fluctuations explain higher employment with steady jobless figures as housewives and others join the labor pool in a booming economy.
Commercial debits from Cedar Rapids checking accounts reached 639,654,719 this year to date, up 76,555,007 from 563,099,712 in 1965. March totals stood at 226,206,748 with February 190,505,782, while time and savings debits totaled 7,639,444 year to date.
Francis Marion Wilkinson, 64, of Tama, operator of the Cities Service station, was found dead Monday in a car in his home garage by his daughter Mrs. Lyle Edwards. He had been living alone while his wife was hospitalized in Marshalltown. Services set for Wednesday at 2 p.m. in Harrison Funeral Home.
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