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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 15, 1963
Page
18
New York reports a higher stock market with steel issues leading gains and volume around 5.8 million shares. Profit taking trimmed top performers as smaller losers appeared, while market breadth remained positive in afternoon trading.
Ten freedom riders convicted of unlawful assembly in Tallahassee, Florida, were granted a supreme court hearing. The court date will be set later, likely next fall. They were fined 500 dollars each and faced 60 days in jail if unpaid for attempting to integrate a restaurant at Tallahassee municipal airport.
U N ambassador Adlai Stevenson told Latin American allies that Cuba’s freedom will be restored and urged American states to prevent another Castro. He spoke to the Council of the Organization of American States after returning from Europe about the Western Hemisphere’s long and short views.
The second flight of the three million cu ft Stargazer balloon at Holloman Base was postponed by surface winds on Sunday night. It has been reset for 5 a.m. Tuesday CST.
Official Tuesday estimates from Chicago show 3 000 cattle 6 000 hogs and 500 sheep receipts. Butcher hogs sold strong to mostly 25 cents higher Monday while slaughter steers stayed steady and lambs jumped 50 cents.
Des Moines reports demand good with prices up about a quarter. Estimated receipts Monday 75 000, week ago 82 000, year ago 55 000, Saturday 36 000. U S 1 3 butchers 200 240 Ibs 13 50 14 25, 240 270 Ibs 13 15 13 95, U S 2 3 270 300 Ibs 13 00 13 50. Sows 270 330 Ibs 12 50 13 65, 330 400 Ibs 12 00 13 15, 400 950 Ibs 10 75 12 50.
UPI reports higher cattle prices in Waterloo with No 2 butcher grades listed by weight. Prices range from 160 pounds at 11.00 to a 370 300 pound band at 13.00 with various steps for 170 to 360 pound ranges and No 2 sows shown in several weight brackets.
UPI reports Sioux City cattle receipts totaling 10 000 head with 7 500 slaughter and 2 500 feeders and calves at 300. Early sales were steady as steers and heifers moved slowly. High choice loads at 24 25 to 24 50 for 950 1 250 lb steers and 23 00 to 23 25 for 850 1 050 lb heifers with several loads averaging high choice.
UPI reports Omaha cattle receipts 15 500 with 13 500 for slaughter and 2 000 feeders. Calves 350. Steers and heifers opened slowly about steady with Friday's close. Choice 1 000 1 225 lb steers 22 75 23 25, most 875 1 050 lb heifers 22 50 23 25. Several loads high choice 23 50 23 75.
Market report shows steady to 25c higher hog prices with Saturday weights 200 to 230 lbs at 12.75 to 13.85 dollars and some at 14.00. Bulk 1s and 2s 13.25 to 13.85 delivered at plant. packing sows 12.00 to 13.00. Egg prices listed plus wool and grain quotes including corn at 1.07 and soybeans at 2.40.
Two Philadelphia Bulletin executives, President Robert Taylor and City Editor Earl Selby, were sentenced to five days in jail and fined $1,000 for contempt for refusing to disclose sources to a grand jury. The jail terms were stayed, and they were released on bond pending appeal.
In Chicago the grain market showed heavy selling pressure on Monday with most futures in a weak range. Wheat closed about 14 to 22 cents lower, corn mixed 4 higher to 4 lower, oats 4 to 0% lower, rye 1 to 2 cents lower, and soybeans from 1% lower to 4 higher.
Chicago AP notes no wheat or soybean sales in this report. Corn prices listed for No 2 yellow at 1.20 1.21 4, No 3 yellow 1.17 1.19 2, No 4 yellow 1.17 1.19 0 with 1.14 12 1.19. Oats prices for No 2 extra heavy white 0.75, No 4 extra heavy white 0.70 2c. Soybean oil and barley prices shown with making choice 1.23 1.30 n and feed 1.00 1.08 n.
AP reports Chicago wholesale prices with butter and eggs steady and slight differentials for grades and items. Potatoes show arrivals and on track figures with firm russets in Idaho and steady round reds amid moderate demand and dull carrot-track sales due to holiday.
Butter prices show increases with demand only fair and creamery grades near 59 cents. Egg markets are tight with medium and balance sizes in demand. extras and checks show prices around 27 to 32 cents per pound, reflecting limited balance and weight classes.
The reader, a 36 year old new investor, considers Desilu and Youngstown Steel Door. Desilu shows weak earnings and no dividends, while Youngstown Steel Door offers steady dividends, a strong balance sheet, and cyclical growth potential tied to railcar demand. The adviser suggests monthly plans or quarterly lumps to fit the investor’s approach.
Iowa Governor Harold Hughes announced an investigation into home office expenses claimed by state highway commissioners. Reports showed some commissioners were reimbursed up to 1800 dollars yearly while commissioners receive 6000 dollars annually plus actual expenses. Hughes noted he does not know what activities occur at residential offices and acknowledged visitors may seek road improvements.
Iowa executive council in Des Moines questioned why the Department of Public Safety spent 1 914 to repair an offset press instead of buying a new unit for 2 500. Director James Fetter said estimates rose from 1 000 to 1 300. Gov. Hughes criticized the decision and officials were urged to negotiate a lower repair cost.
Iowa Commerce Commission announces a public hearing on a joint application by Bill Haines dba Haines Transport and Haines Transport Inc both of Greenfield Iowa to transfer Liquid Carrier Certificate LC-64 and Truck Operator Permit 29034. Hearing set for May 9, 1963 at Des Moines office. Docket DLC-219.
Notice states Nissen Products Corporation a Cedar Rapids Iowa corporation organized under Chapter 49 was dissolved effective March 31 1963 by action with consent of its sole stockholder Nissen Corporation George P Nissen president and Stella M Minehart secretary
Trampoline Distributors Inc an Iowa corporation based in Cedar Rapids Linn County Iowa dissolved effective March 3 1963 by action and with the consent of its sole stockholder Nissen Corporation
Trampoline Export Company an Iowa corporation organized under Chapter 491 was dissolved effective March 31 1963 by action and with the consent of its sole stockholder Nissen Corporation Stella M Minehart Secretary.
Notice states Iowa Gymnastics Suppliers Corp an Iowa corporation organized under Chapter 491 of the Iowa Code with its principal place and sole stockholder Nissen Corpora Stella M Minehart Secretary.
Notice states Gymport Inc an Iowa corporation organized under Chapter 491 of the Iowa Code was dissolved effective March 31 1963 by action with consent of its sole stockholder Nissen Corporation George P Nissen president
The governor said he would inquire into how commissioners justify expenses and account for funds. He plans to discuss the issue with new appointees but notes the current board is largely fixed. Only Everett Shockey of Council Bluffs will remain in office after June 30.
The report lists 1 character of obligation for General Obligation Bonds and Revenue Bonds, totals for utilities, and cash in banks limited to sinking funds. It specifies government securities among financial entries as part of the public notice.
Local classified section promotes lawn care with Crab grass control Fertilizing and mowing offered by Olson Larson Walter Fry Amos Kruger Jerry Voslingh and others. garden roto tilled grading hauling and painting services advertise cheap free estimates and emergency work. several EM phone numbers listed for contact.
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