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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 14, 1973
Page
4
New York stocks drifted lower in light volume as investors booked profits and waited on the government's inflation policy. The Dow Jones average fell 4.67 points to 950.36, the NYSE index dropped 0.25 to 59.65, and the Amex price-change index declined 0.03 to 24.18.
Cedar Rapids hog prices were steady with Friday’s by price ranges for 200 to 230 pound butchers at 3500 to 3550 per hundredweight. Sows around 300 pounds were 3100 to 3150 while heavier hogs faced discounts per 10 pounds up to 500 pounds. Lambs ranged 32 to 36 dollars, poultry prices listed, eggs and grain values shown. Cattle included varied grades with steers and heifers from 39 to 44 dollars per hundredweight and cows from 28.5 to 33.5, with discounts for overfat and overfat cows noted.
Trade slowed and demand was fair in interior Iowa southern Minnesota hog markets. Butchers fell 75 to 125, sows 50 to 150 lower. US 1 3 200-230 lb butchers 33.50-35.50, 230-250 lb 33.25-34.35, 250-270 lb 32.50-34.00, 270-300 lb 30.75-33.00. Webster City notes 900 hogs with gains 50-100, cattle limited. Omaha hogs up 75-150 for various weights. Postville prices quote primes at 44.00-45.00 for steers and 42.00-43.00 for heifers with cows 30.00-36.00.
Framed by Lamson Bros Friday quotes the high and low prices for May July and August pork bellies. The report notes past close and volume shifts with February and August figures and a brief Mercantile Exchange futures snapshot.
Des Moines market report shows steady to higher butchers and sows with 13 200730 pound butchers at 34 75 to 35 40 and US 3 230-250 ibs at 34 25 to 35 00. Trade slow but demand solid with weekly totals estimated at 55 000 and weekly comparison to 40 000 last week.
Prices at Sioux City Livestock Yard rise with hogs up to 50 points and various weight ranges listed. Cattle prices shown include 300 head and 400 to 500 pound ranges with stated bid figures for US grades.
Wholesale prices to Chicago show steady butter quotes with various grade scores and carton delivery ranges. New York egg offerings indicate fair to good demand and mixed quotes for whites, standards, and creams with AA and A grade values around 62 cents.
Chicago cash grain prices show wheat at 239 and 226 for hard red, corn at 166, oats 96 and soybeans at 6 7n. The figures reflect No 2 yellow corn and No 1 yellow soybeans.
Silver prices in New York slipped Friday with Handy and Harmon reporting 225.3 cents per ounce, down 19 cents from the previous session. The metal traded amid fluctuating commodity markets and investor caution.
Sheriff Walter Grant said there are no new developments in the Thursday night breakin at the Palo Savings bank with about 4 000 stolen from the bank. Several days will pass before value of items from safety deposit boxes can be determined. The breakin was reported near 8 am Friday and two FBI agents assumed control of the investigation.
Lady Bird Johnson approved a living memorial a grove of 500 trees to be planted in a Virginia side park near National Airport for Lyndon B Johnson. The 150 acre site was set aside in 1968 to honor her beautification efforts.
Iowa will receive 12 million in cash payments to cover shortfalls in government commodities for school lunch and breakfast programs. USDA funds totaling over 70 million are released to states to balance the value gap between commodities programmed for delivery by June 30 and the value of those expected to be delivered, with Iowa receiving about one and a half cents per lunch and breakfast served in 1972 73.
In Sikkim unrest ended as Indian soldiers and administrators restored order following two weeks of street disturbances. Demonstrators in Gangtok dispersed after a settlement between an Indian representative and Chogyal Palden Namgyal, ending protests against mismanagement and corruption in the administration.
Mountain View Calif AP The loss of NASA’s only Convair 990 Galileo in a collision with a navy P 3 Orion near Moffett Field leaves NASA research programs at risk officials say The crash killed 16 and injured one Investigators say human error is likely involved and the Galileo was used for solar eclipse tracking atmospheric and oceanic studies and for prototype instrument development
A Waterloo man identified as David Hamilton died from smoke inhalation in a fire at his one story frame house early Saturday. Firefighters said the blaze started in the living room and the cause remains undetermined. The residence was extensively damaged.
John Finlater told a Senate subcommittee that federal narcotics agencies should limit operations to major interstate trafficking while state and local authorities handle street-level dealers. He supported merging BNDD with other agencies to reduce interagency competition and bureaucratic delays.
Arctic air pushes south across the western United States bringing rain and snow with readings in the 20s. The Rockies receive heavy snowfall with warnings in western Colorado and mountain regions. Stock advisories issued for Wyoming Montana Nevada Idaho Utah and South Dakota as watches extend into Sunday.
A formal assault with intent to commit great bodily injury charge was filed Friday against Matthew Hoffman age 19 of 2200 Johnson Avenue NW. He is accused of stabbing Wayne Gallagher 20 of 2435 First Street SW after an argument at a Cedar Rapids tavern near the Sixteenth Avenue and Hamilton Street SW intersection. Gallagher was in fair condition at St Luke's Hospital Saturday. Hoffman was released on his own recognizance Friday.
Mr and Mrs Robert Leonard sold their home at 98 Eighth Avenue and income property at 800 Tenth Street to Mr and Mrs Ronald Marek of 764 Twelfth Street. The sale was handled by Larry D Sharp and Co in cooperation with Kensinger Realtors. Possession is given this weekend. Also, Thomas Cornica of 143 Southview Drive is hospitalized as a surgical patient at St Luke's Hospital with visitors permitted.
A compiled schedule shows multiple congregations with worship times and Sunday school slots. Churches include Bethel Baptist First Baptist Grace Baptist Sauan Creek Baptist Robins Faith Bible St Josephs Catholic Christian Ascension Lutheran Lutheran Church of the Resurrection St Pauls Lutheran First United Methodist Prairie Chapel United Methodist First Presbyterian Reformed Presbyterian Church of God Seventh Day United Seventh Day Brethren with pastors and service hours.
President Nixon considers several contenders for the FBI director post after withdrawing L Patrick Gray. White House press secretary says no Supreme Court members are in the running and a formal decision date has not been set. The White House also opposes Byrd’s bill to move the FBI from the Justice Department.
The Italian senate approved a 300 billion lira government plan to combat sea floods and pollution in Venice The bill aims to restore churches homes and monuments while addressing the sinking city the plan followed 27 months of parliamentary debate over funding and spending.
FBI says a nationwide counterfeit stock scheme involving Disney and Trans World Airlines securities was dismantled. Twenty three men were indicted in Tampa. twelve arrested, with operations spanning Florida cities plus Chicago Los Angeles New York Toronto and more. Ring allegedly counterfeited millions in securities and sought illicit trades totaling up to 50 million dollars.
In Tunis, authoritative sources say President Habib Bourguiba will act as stand-in father to the two children of Palestinian leader Kamal Adwan after his assassination in the Israeli raid on Beirut this week.
Chiang Kai-shek again failed to meet South Vietnamese President Thieu during a Taiwan visit fueling speculation about the aging leader's health. Officials gave little on his condition while substitutes stood in, and Thieu’s stay highlighted Chiang’s prolonged absence from public view.
Regents in Des Moines voted 9 to 0 to consider deleting the parietal living rule for freshmen and sophomores at the University of Iowa. A cooperative plan to cut dorm costs and improve living conditions was also requested, with about 4 200 students expected to live in dorms next year if the rule ends.
The state department of health logged a sharp rise in spinal meningitis in Iowa with 23 cases reported to date. Officials warned that the outbreak required vigilance and further testing to track spread.
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