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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 12, 1968
Page
23
New York stocks advanced sharply in pre holiday trading as investors awaited Easter weekend. Prices moved higher on expectations from U N Secretary General reports and market momentum tempered by brief profit taking.
The Dow Jones industrial average climbed over 13 points as all major averages gained. The S P and other indexes showed strength while investors anticipated peace talks to begin within two to three days following Gen U Thant’s report.
The market showed strength in some issues with North American Rockwell leading volume after a large block trade. Overall volume fell to 14.23 million shares from 20.4 million, with declines in several indexes and a curtailment in Vietnam bombing coverage noted by Reuters.
The Cedar Rapids hog market was closed Friday after a day of steady prices on Thursday. Wednesday figures showed bulk sold by country and plant delivered butchers at 19.00 to 19.25 dollars per 100 pounds, with packers and be as described. and hogs under 300 pounds faced weight-based reductions. Sheep and lamb prices followed with lambs at 24 to 28 dollars and old sheep around 3 dollars.
The New York Stock Exchange was closed on Good Friday. Following are Thursday's closing quotations and figures impacted by the holiday schedule.
CHICAGO AP Butcher hogs rose up to 50 cents. Slaughter steers and heifers showed gains up to 25 cents, while slaughter lambs remained steady.
Chicago quotes show hogs at 3 500 head with 190-235 lb butchers at 20.50-21.25 and 320-400 lb sows at 17.50-18.25. Cattle demand remains strong with primes and higher grades at 28.75-31.00 for large steers and 27.00-28.75 for various weight classes. Sheep at 200 head with spring lambs around 31.00 and mkt lambs 28.00 for wooled and 27.50 for shorn pelts.
Trade is slow as demand stays fair. Butchers hold firm with gains around 25 cents in some cases. Estimated Friday receipts are 40 000, week ago 74 000, year ago 66 000, with Thursday at 60 000. Prices listed for U S 1 3 butchers and sow ranges across several weight bands.
USDA report from Des Moines notes steady steer and heifer beef, unsettled cow beef, with choice steer beef 600-800 lbs at 42.75 to 43.00 and good 600-800 lbs at 40.50 to 41.50, with halter beef 500-700 lbs around 41.75.
Sioux City cattle and calves market report notes light offerings with insufficient receipts to establish a price trend. Limited receipts hindered price discovery and market tone for cattle and calves.
Federal State Market News recounts three Iowa auctions with cattle and hogs pricing. Slaughter cows scarce. feeder steers 24.00–27.50 per cwt. feeder heifers 21.75–24.40. steer calves 25.00–32.75. hogs and feeder pigs show gains over prior Wednesday with varied weight breaks and per head quotes. Brood sows bring 93.00–98.00 per head.
Chicago Wheat No. 2 hard 1.48% No. 2 soft red 1.41. Corn No. 2 yellow 1.14% No. 3 yellow 1.08% to 1.12. Oats No. 2 heavy white 79. soybeans No. 1 yellow 2.07% to 2.09. soybean all 8.72.
Pfc Michael J O Connor son of Mrs Betty Countryman 619 I avenue NW is recovering in Japan from leg wounds suffered in Vietnam. He is 20 and a 1966 Jefferson High School graduate. Also noted are Bronze Star awards to Sgt Robert A Layman and 1st Lt Carl V Ziegler for actions in Saigon and along Viet Cong forces. Eight sailors enlisted and were sent to San Diego and Great Lakes.
Sen. Eugene McCarthy criticized the U S call up of about 24 500 reserve and National Guard troops as evidence the Johnson administration is mishandling Vietnam He spoke at Sioux City airport calling the move consistent with policy but said he hopes the trend can be stopped.
Stanford says the United States aims to begin sea mining by 1990. Dr. Walter R. Hibbard Jr of the Bureau of Mines urged students to join the research drive as a multi billion dollar mineral store is believed to lie under the Pacific coast continental shelf.
AP USDA market update for New York shows wholesale demand fair to good with ample offerings. Butter steady with creamery dairy scores at 93 AA 674 to 167 cents and 92 A 6714 to 6714. various fruit grades listed with price ranges for whites and other items.
Gazette Officer J F Hladky Jr announces John L Donnelly elected assistant treasurer and director of The Gazette Co. Donnelly has been business manager at Station KCRG since February 1963 and since last November has held the same post with The Gazette.
The Newark Evening News announced that its proposed sale to Time Inc has been terminated. Publisher Richard Scudder said Ned Scudder and Jim Linen of Time could not finalize a purchase agreement.
Public notice offers cross stitch patterns for 8x10 panels with three designs. Claimant Laura Wheeler at Cedar Rapids Gazette publishes transfer details and pricing including 50 cents per item and 15 cents extra for pattern mailings.
President Johnson signed the civil rights and open housing bill in a White House ceremony as crowds gathered in the East Room. The bill makes it a federal crime to interfere with civil rights actions and aims to outlaw housing discrimination by 1970. Johnson condemned violence and looting and urged Congress to pass further laws on housing, jobs, training, and education for Black Americans.
Heinrich Nordhoff, 69, who rebuilt Volkswagen from wartime ruin to Europe's top car maker, died of a heart ailment in Wolfsburg. He planned retirement this fall as Kurt Lotz was named heir apparent. Beetle remained core, with 1,337,000 vehicles sold last year and $3.3 billion in sales.
At Auburn University a smoking conference features Dr. Ira L. Myers and Dr. Robert Walton arguing that cigarette smoking is the top air pollution problem. The survey shows nonsmokers with 27.5 lung disease cases per 1,000 and smokers with 127.6 per 1,000.
Marine Cpl. Mary Elizabeth Burns was confined to barracks for 45 days, fined $20, and reduced to private after being convicted of disobeying orders for opposing the Vietnam war.
Catalog notice promotes two fashion options from pattern 4651 a ruffled sleep shirt or a dress in alternative fabric. Price 65 cents plus 15 cents mailing. Send by mail to Anne Adams Pattern Dept Cedar Rapids Gazette New York NY 10011 with name address zip size and style number.
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