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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 13, 1973
Page
18
The New York AP report notes profit taking after a rally with slow trading. Dow Jones industrials slipped to 957.25 at 2 p.m. while decliners led advancers 792 to 481 on the NYSE. several large names show mixed moves amid a cautious mood.
In Des Moines and Omaha hog markets demand remains strong with sows and butchers up to 50 cents higher. Prices for various weight ranges are listed including 230-270 and 320-400 pound hogs, while cattle offerings were limited and did not yield sizable prices.
Postville market reports Friday quote prime steers 44 to 4500, choice steers 43 to 44, good steers 39 to 42.50, standard steers 39 to 42, choice and good heifers 42 to 43, utility cows 31 to 36, canner cows 30.50 to 35, bulls 40.00.
Danny Alnutt pled guilty in municipal court to an amended larceny of less than $20. He received a 30 day suspended jail sentence after being charged with taking two tires and six hubcaps from Rapids Chevrolet on March 24.
A charge of breaking and entering against Kim Seeley of 108 Second Street NW was dismissed in municipal court. He faced accusations tied to a February 26 break-in at the William Tharp residence in Springville.
Chicago AP reports soybeans closing higher after a wide trading range with May futures up about 12 cents. Wheat gained around 3 cents, corn and oats little changed. Cash grain values show No 2 soft red wheat at 2.39 1/4 to No 2 hard red at 2 26 1/4, No 2 yellow corn at 1.466 1/4, No 2 extra heavy oats at 9.824.
Des Moines reports slow trade in southern Minnesota hog markets with butchers down 75 to 125, while various hog weights and sow prices are listed. Webster City stockyards notes insufficient slaughter cattle to establish a trend with hogs up to 36.00 top and sow gains, alongside cattle and hog estimate totals for the week.
Butchers up 25 cents while sows hold steady as Des Moines USDA notes varied Midwest meat trade. No 2 butchers 200-230 lb fetch 3475 to 35.25 per cwt, No 2 sows 300 lb sell 3000 to 3150. beef and pork items show mixed gains and declines across cuts with several weight ranges and packer quotes listed.
Sioux City livestock report shows 3 500 butchers up 100 to 150. 1 3 190 to 260 lb cattle 3600 to 3700. sows up 100 to 3200 33. U S 2 3 400 to 500 lb cattle 300. market unable to test, silver prices drift lower to 22.53 cents.
USDA reported wholesale butter prices with Chicago delivery steady to higher. Jumbo and extra large whites ranged around 57 and 53 to 55 cents per pound for Grade A retailers with cartons delivered. Mediums and standards priced 46 to 49 and 43 to 43 to 55 cents respectively.
Wholesale egg offerings show demand fair to good with Fancy large eggs at 5.154 per 1 the Fancy medium and smalls listed with weights and prices. Butter offerings fully adequate with Creamery 92 score AA and A at 62 cents.
The Cedar Rapids market shows Friday hog prices $0.50 higher and Thursday bulk delivered hogs at 3400 to 3450 for 200 to 230 lb butchers. Sows around 3100 to 3150 for 300 lb+. Lambs range 3200 to 3600. Egg, grain, poultry, and beef bids listed with multiple weight and grade adjustments. Heavy cattle notes include discounts for overfat, with cull and utility categories detailed.
The Linn County commission named three attorneys and one non lawyer as part time magistrates after interviews with 16 candidates. Finalists include Center Point Mayor Robert Pepin and lawyers Miles Adams Glenn Barr and Guy Booth Jr. The posts, created to replace former justice police and mayor courts on July 1, pay 4800 dollars annually.
A violin and bow valued at 1100 were reported stolen from Hillbrunners music store Thursday afternoon. The instrument belongs to John Hoffman a music instructor at Jefferson High School. It was taken from a basement classroom between 6 10 and 6 35 pm.
Solon DES MOINES Rep Stephen Rapp says Iowa’s single factor tax formula undercharges by not using a three factor method. He notes 56 largest Iowa manufacturers paid under 0.33 percent tax on 1970 net income of 139.6 million due to sales only in state. Gov. Ray favors keeping the single factor formula.
The Los Angeles Times quotes an associate saying Vice President Agnew suspects more about the Watergate affair than disclosed. He fears the scandal could hurt his 1976 presidential bid and feels constrained by his position from speaking out.
The Times quoted an associate saying the president initially thought the press was overreacting but now believes there was more to the issue than first believed. The source notes a cautious stance toward public scrutiny and potential political implications.
Washington (UPI) amid GOP pressure the White House says it aims to arrange testimony by presidential aides for the Senate Watergate inquiry but no agreement has been reached. Press Secretary Ronald Ziegler said ongoing communication continues with the special committee investigating Watergate and related political espionage. He noted that reports of completed arrangements are incorrect.
The Iowa department of revenue offers a telephone answer service for state tax return questions. Call 377 8268 on Saturdays 8 a.m. to noon through month end. Office at 736 Eleventh Street Marion operates Monday to Friday 8 a.m. to 4 30 p.m.
Bonn reports that Czech and West German officials will urge their governments to begin negotiations toward a friendship treaty to bury the Hitler era Munich Pact that partitioned Czechoslovakia before World War II.
Congress passed a multiyear rural disaster relief loan measure to aid last year's victims. It extends 18 days to apply, raises interest to five percent for future cases, and ends an earlier $5,000 flat benefit while preserving a grandfather clause for last year’s victims. Nixon reportedly supports the compromise, with House and Senate votes by voice.
Twenty years ago Joseph P Ryan longtime president of the AFL International Longshoreman's Assn was arrested on an indictment charging theft of eleven thousand three hundred ninety dollars from union funds.
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