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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 19, 1963
Page
22
Financial and market news from Chicago grain quotations provided by Lamson Brothers. Hoelzen, manager Cedar Rapids office at 503 Merchants National Bank Building, furnishes the data.
New York stocks drifted with a near flat tone on Friday as most major issues posted fractional moves. Total volume reached about four million shares, down from 4.77 million the day prior, with a mix of small gains and losses across key issues including Am Revisor, Lone Star, Cherry B, McKay Mach, Nat Oats, Technicolor, Kaiser, Thermogas, and Life Invest.
Paris police say Serge Bernier also known as Jean Murat, condemned to death in absentia, was arrested after a Left Bank shooting wounded an officer and killed gunman Marcetteau de Brenn of the Secret Army Organization. The August attempt targeted De Gaulle near a suburban airport.
A Cedar Rapids firm sought 15000 from Maryland Casualty Co and New Hampshire Insurance Co for alleged dishonest acts by a former employee. The case against the insurers was dismissed with prejudice. The employee who pled guilty to embezzlement earlier this year is not named in the suit.
Mrs. J M Dawson aged 75 and a nationally known Southern Baptist leader in youth and women's work died on Thursday in Austin Texas. She headed national efforts and influenced church groups across the denomination.
In Chicago, butcher hogs showed steady to strong demand in a fairly active trade. The 7,000 head sale saw top prices at 14.50 dollars for 190 to 225 pound mixed No 1 and 2 hogs. Slaughter steers rose up to 25 cents a hundredweight with several 1,250 to 1,325 pound prime grades selling for 25 dollars.
Chicago market report shows hog slaughter at 7,000 with varying carcass weights and price ranges from 11.00 to 14.75 per 100 pounds, cattle receipts around 2,000 with steers and heifers bringing 22.00 to 25.00 per cwt, and sheep limited with lambs and ewes auctioned amid steady to higher trend. Prime and choice lots appear among slaughter steers and heifers, with light supply of mutton and lambs reflecting market strength.
Des Moines reports show prices up 10 to 25 cents with receipts Friday around 50 000. Week and year ago receipts were 40 000 and 36 000. U S 1 3 butchers 200 240 lbs 13 00 13 75 etc. Sows 270 330 lbs 12 25 13 40 400 550 lbs 10 50 12 25.
UPI reports wholesale meat prices for No 2 butchers with live weights listed from 160 pounds up to 300 pounds. Rates vary by weight class with 160-170 at 10.50 and 270-300 at 12.75 per hundredweight. sow prices shown for 270-300 at 12.75 and 300-330 at 13.58, others truncated in the text.
Cattle 400 and calves 100 counted at Sioux City market. sales did not show a trend due to light inquiry and uneven demand. No notable price moves observed.
Omaha market activity shows 800 cattle and 100 calves with steadiness and moderate demand. Good and choice steer prices range 22.50 to 22.75 per cwt, with several loads at 22.25 to 22.75, and high choice heifers at 23.25 per cwt.
Friday market activity shows steady hog prices with Wednes day bids for 200 to 230 lb butchers at 12.50 to 13.65 dollars and most 13.00 to 13.65 dollars. Sows, poultry, eggs, wool and grain prices listed with weight based adjustments and regional comparisons.
A reader questions a broker's insurance investment plan promising tripling in eight years plus 2 percent interest compounded to a high final sum. The answer warns to verify with a reputable local firm and notes beware of cold calls and high pressure tactics. Margin can be used by experienced traders but beginners should avoid buying stock on borrowed money.
Dr Max will lead Storytime in the library second floor auditorium Saturday from 11 to 11 30 open to all school age children. Also notices include indoor Sports Club meeting at 2 Sunday in Keen Teen room YMCA with a white elephant sale. Jubilee Lanes open bowling at 9 45 p m Saturday. a mixed doubles tournament with a 3 50 entry. Cub Pack 3 awards at Grant Wood school. Daughters of The Nile Spring Rummage Sale at CSPS Hall. injuries include Sarah Woods 65 with a fractured hip. Pack 17 and nursing league notices with board members named.
In Chicago profit taking fueled scattered selling as trade stayed light. Wheat rose while soybeans fell on weak soybean oil and meat demand. corn and oats moved variedly, with grains exhibiting limited activity and shifting quotes.
Chicago cash provisions report shows no wheat oats or soybeans sales. Corn prices quoted for No 2 yellow 1.22 34 and No 3 yellow 1.20 34. Soybean oil at 8 percent. Barley prices listed as choice 1.23 1.30 and feed 1.00 1.08.
AP notes steady butter wholesale prices with variations by grade and weight. Eggs show irregular buying with grade whites and various standards priced down slightly. Potatoes arrivals and shipments remain strong with limited good quality carrot track sales. Idaho russets at 4.00 and overall market firm.
In New York eggs are more than ample on large sizes and ample on mediums and smaller sizes. Demand is light on large and medium eggs and weak on balance. Ex tras and extras averages range from 27 to 30 cents per dozen, standards 28.2 to 29.2, and checks 27 to 28. Butter is more than ample with demand only fair and prices unchanged.
Spaight's Jewelry and Coins closed for remodeling and is moving to a new location at the Sheraton Montrose. The item includes a local crime note about theft at Sammy's tavern and two promotional advertisements for downtown merchants, a beauty salon, and Old Dutch Inn reopening with seasonal reservations.
Fresno artist Philip M. Jenkins painted the ill fated nuclear submarine Thresher to depict its speed and power underwater. A naval recruiting officer advised him against sending the realistic image after it suggested a fatal dive.
Donald Canston a 42 year old farmer from Odebolt was killed Thursday when a bulldozer backed over him as he dug a ditch. The incident occurred in the afternoon and authorities are investigating the accident.
Av erell Harriman, undersecretary of state for political affairs, called state department employees damn good Americans during a speech to the American Society of Newspaper Editors. He refused to discuss Lattimore, saying the past should be left behind and applauded by editors. Lattimer never held full-time department employment.
The tobacco industry urged scientists not to regard smoking as the sole cause of lung cancer. Dr. Clarence Cook Little of the Tobacco Industry Research Committee said research shows multiple constitutional and environmental factors influence cancer risk, and science has yet to prove a single decisive cause.
Government mediation ended a week-long doctors strike by 45,000 Italian physicians against 200 state controlled medical insurance agencies. Riots occurred in Taranto as protests escalated before negotiators secured an immediate 40 percent fee increase and plans to revise schedules and simplify forms.
A concise note on how classified ads serve as the supermarket of advertising, connecting buyers with sellers through a dense marketplace of listings and promotions.
Market notes list prices for derivatives with figures including five point two two up to twelve. zero zero. The data shows varied fees and quote levels across products indicating fluctuating values and potential costs for traders.
The Rock Island railroad dismissed a $23 429 suit against Penick and Ford Ltd of Cedar Rapids over injuries to switchman Robert A. White from an Oct 7 1958 accident. White claimed knee injury and permanent disability. the railroad said a St. Louis circuit court ordered $15 619 to White for medical bills.
Loren D. Bliss 38 pleads innocent at arraignment before Judge Charles Penningroth on a second offense drunken driving charge. He was arrested Sunday in the Linn County courthouse parking lot after being released eight hours earlier following a 60 day sentence in lieu of a 300 dollar fine.
A temporary injunction was issued Friday by Judge B J Maxwell prohibiting Glenn and Jack McClintic from entering the Seabergs Cedar Rapids home or telephoning Mrs Seaberg. The petition alleges repeated calls and late night door pounding with a May 3 hearing set.
Maryland Casualty Co. files suit in district court against John G. and Mildred Willman of Hiawatha for $7,585.81 alleging failure to complete an airport improvement project at Charles City. The bond company says it paid for the unfinished work after the Willmans defaulted under the contract.
Vandals destroyed two more rural mailboxes south of Mt Vernon on gravel roads, bringing total incidents to nine in ten days. The targets belonged to Leon ard Pavelka and Billy Long erbeam, with damage concentrated in areas about four miles north and south of Mt Vernon.
Territorial court records show the divorce petition of Terrance E. Swanson against Judyth M. Swanson was dismissed. No further action noted and no settlement listed.
In Formosa near Kaohsiung two assistant drivers sleeping under a timber truck were killed when the driver, Lin Chin-Yun, woke and drove off. Lin was arrested after the incident on Thursday.
Advert advertises Colonalp tablets as a colon nerve stimulant with bulking action to relieve constipation overnight. Marketing pitch claims gentle restoration of bowel function and “clinically-proved” results with an introductory price of 43 cents.
DES MOINES AP Gov. Harold Hughes said he would not veto a sales tax increase if the legislature shows clear spending plans. He noted the House measure would raise about 40 million a year for general funds plus roughly 10 percent for roads, and he seeks details on general school aid capital improvements and how any relief would affect farmers or other groups.
State of Iowa Linn County appoints and qualifies 55 as Executor of Mitchell Simon Smith late of Linn County Iowa. Notice to creditors reads Merchants National Bank of Cedar Rapids Dennis and Nelson Attorneys.
State of Iowa Linn County appoints JEAN LeMAR administratrix of the estate of Joseph Hala Jr late of Linn County. District Court grants letters. Carl Hendrickson Attorney.
Larene M Williams has been appointed and qualified as Administratrix of the estate of Frank A Williams late of Linn County Iowa deceased on April 4 19463. Creditors must pay debts to the administratrix and file claims with the Linn County Iowa District Court clerk by the proper time.
On this 18th day of April 1943 Joseph J. Kolarik is named Administrator of Olga Kolarik of Linn County Iowa deceased. Creditors should file claims promptly with Dennis and Nelson, Attorneys.
Grace BoeLzell has been appointed Executrix of the estate of Earl B. Deizell, late of Linn County Iowa. The notice states payment of the estate is due to the undersigned and is dated the 18th day of [month not shown].
The Town of Hiawatha Iowa will hold a hearing at 8 00 PM May 2 1963 in the Town Hall Council Chambers on the estimated levy of street construction bond tax for future years. The on file estimate shows amounts proposed to be raised by taxation from 1944 to 1977 with no prior year expenditures and no expenditures in 1961 or 1962. Beverly J Dawes Town Clerk
Esther K. Barber listed as Administratrix for the LeRoy S. Barber estate in Linn County Iowa on April 4 1963. Creditors are urged to pay debts and file claims with the Linn County District Court clerk.
Executor No 29854 is appointed for the estate of Merne Rath of Linn County Iowa deceased. All persons indebted must pay immediately and those with claims should file authenticated in the Linn County District Court. Louis S J Trzil is the executor and Sargent Spangler Hines and Pence Attorneys oversee the matter.
The District Court of Linn County Iowa will hear proof of the last will of Dempsy Jones at 9 00 AM on April 25 1963 at the Cedar Rapids Court House for admission to probate. Melvin J McCalley Clerk Nazette and Broomwell Attorneys announce the hearing.
On the 18th day Wallace M Emmons is appointed Executor of the estate of Harold J Emmons late of Linn County Iowa deceased. All persons indebted to the estate should promptly settle with the Clerk of Linn County Iowa. Simmons Perrine Albright Elwood Neff Attorneys.
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