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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 12, 1973
Page
22
New York stocks paused after a rally the prior four sessions as investors took profits. The Dow fell 5.11 to 962.30 with a 695 to 609 edge for advances on the NYSE. W T Grant led activity, and two large blocks traded sizable volumes with notable price moves.
Stocks show gains for Occidental Petroleum and Gulf Oil among top movers on the NYSE as trading ranges widen. Amex remains mixed after a slow session while Westinghouse drops on a weak first quarter, with Dow and sector indices reflecting a cautious tone in the market.
Cedar Rapids hog and cattle quotes show sharp declines led by butchers and sows across weights. Iowa and Minnesota regions report slow trade with US 1-3 hogs at 3250 to 3550 for 200-230 lb butchers and 3100 to 3150 for 300 lb sows, while grain prices edge higher and cattle grades adjust.
Chicago AP reports old crop soybeans and soybean meal futures surged with a limit rise on Thursday. Meal rose $5 per ton, soybeans up 15 to May at 6.3212, wheat May 2.304, corn May 1.59, oats May 8BI4, while soybean oil moved mixed higher early then mixed later.
AP reports Chicago cash grain prices with wheats at No 2 soft 2.40n and No 2 hard red 2.25n. Corn No 2 yellow 67n and No 2 extra heavy white 99n. Beans No 1 yellow 6.53n.
Central Iowa Stockyards in Webster City notes insufficient slaughter cattle to set a trend. Hog prices fall 100, butchers near 3400 to 3500, sow prices down 100 to 150 with bulk 30.50 to 32.50, top 33.00. boars under 250 pounds 29.00, heavyweights 25.00 to 27.00. Friday's estimates show 50 cattle and 900 hogs expected.
Lamson Bros. market data shows high and low quotes for frozen pork bellies with May, July, August and February contracts and price changes. Silver prices in New York fell 24 cents to 22.80 cents per ounce, per Handy and Harman.
Dressed meats from Des Moines show volatile quotes with beef steady to higher for select grades. Steer beef prices range with 500-900 Ibs yielding around 54 to 50.50 while pork items show varied gains and losses, including skinned hams and seedless bellies moving differently by weight.
The Postville market lists prime steers from 44.00 to 45.00, choice steers 43.00 to 44.00, good steers 39.00 to 42.50, standard steers 39.00 to 42.00, choice heifers 42.00 to 43.00, aged heifers 38.00 to 40.00, utility cows 11.00 to 36.60, canner and running cows 30.50 to 35.00, bulls 40.00 to 40.00.
Sioux City livestock report notes hogs around 6,000 traded mix of fairly active, butchers lower, 230 pound and 1300-8 price ranges. Steers and heifers steady to higher with some prices up to 0.25. Prime choice steers 900-1,050 pounds quoted near 42.50.
UPI reports Handy and eS man quote silver at 227.2 cents per finé ounce on Thursday, down 0.8 cents.
A garbled UPI market note outlines vegetable and fruit prices in Chicago. It mentions cartons of extra large produce selling around 4.57 dollars and various size categories, with unclear brands or items due to OCR errors.
Wholesale egg and dairy notes from New York indicate steady demand and unchanged prices. White and Fancy large eggs remain in good supply with Fancy medium eggs at 47 to 50 cents per dozen. Fancy smalls and butter offerings are adequate.
A crowded page lists hospital notices, lost items, sales and events across Marion. Highlights include a Mercy hospital patient, tire theft, Friday fish dinners, a wedding invitation, a 50th birthday coin and various church and community activities at Ellis Park, Sokol, Islamic Center, and St. Ludmila's with times and contact numbers.
A court administrator post is to be set up in the Sixth judicial district no later than June 11. Applications for the administrator role are due by Monday to Harold Vietor, chief judge, and the position oversees calendar control, jury management, and case delay analysis. The project budget totals 35,000 with Linn county covering 3,375 in cash and 25 percent of Vietor’s time valued at 5,375.
AP reports the Sacramento jet fighter crash that killed 22 people was linked to inadequate pilot proficiency and misleading visual cues. Authorities cite erroneous cues as a probable cause in the California disaster that struck an ice cream parlor.
Fashion note describes a polyester printed pattern for a cardigan inspired coatdress and tunic paired with sleek pants. Includes half sizes 10 12 14 16 18 and bust 37 for size 14 with 3 yards of 35 inch fabric. Pattern price 75 cents, 25 cents air mail. mail to Anne Adams Cedar Rapids pattern dept New York Zip NOY 10011.
DES MOINES Iowa senators debated a bill to permit Sunday liquor sales from 1130 am to 2 am with a Kinley Shaff plan restricting sales to clubs hotels motels and license holders with at least 50 percent nonalcoholic receipts Four amendments by Plymat and Rodgers were defeated The Kinley Shaff amendment passed 27 to 21 as lawmakers vote to move the measure forward with hours 1 to 10 pm Sunday and a 50 percent goods and services threshold
Cedar Rapids police report two larcenies during heavy snow. James Versluis’s truck lost at Thirty-third Avenue and Bowling Street SW had tools valued at 111 dollars taken between 7:30 am Monday and 7 am Tuesday. Gerald Welsh’s truck near High Drive and Otis Road SE lost a tire and rim valued at 54 dollars between 7 pm and midnight Monday.
Armand Hammer of Occidental Petroleum signed an $8 billion 20 year chemical fertilizer contract with the Soviet Union. The deal dwarfs prior Soviet contracts with US firms, aside from $750 million in American grain sales and a $40 million International Harvester agreement.
The Collins Radio Company of Cedar Rapids won a federal contract for developing communication and navigation systems. The deal, announced in Washington, is valued at about 1.240 million dollars with 525 thousand obligated initially. Work will be conducted in Cedar Rapids.
IOWA CITY The attorney general's office Wednesday moved to dismiss a charge of giving gifts and gratuities against Isaac Shaver of Cedar Rapids Cedar? The document notes the action in a state court related to allegations of improper gifts.
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