Market Swoon Hits Glamour Stocks in Sharp Friday Selloff
The New York market fell late Friday with about 3.2 million shares traded, far below Thursday's 9.58 million. Credit restrictions for certain investors dampened sentiment as airlines, aerospace, electronics, and other volatile issues slid one to five points. Downgrades and mixed gains among majors contrasted with modest rises for Monre la, Pennzoil, and Eaton Vale & Towne.
MENTIONED IN THIS ARTICLE
New York
Zenith
Corning Glass
United Air Lines
Fairchild Camera
Douglas
United Aircraft
Braniff Airways
KLM American
Eastern Air Lines
Building Costs Rise San Vel Eat Tie Inca
CHICAGO AP Hog prices were weak by ten cents to end under 24 for first time since October. Slaughter steers held mostly steady to 50 cents lower. Cattle and calf totals were reported with varied price ranges for slaughter steers and heifers. DES MOINES UPI Demand fair to good. butchers unevenly steady to 25 cents lower. lows soft to 25 cents, some 50 cents lower. Estimated receipts Friday 50,000. U.S. 1-3 butchers 200-220 lbs.
MENTIONED IN THIS ARTICLE
Chicago
Des Moines
UPI
Pacg el
Pac Ag
T. C. Henderson & Co
Fund
Pecrey VA
Zaha Baha
Beatrice
Panh
Fay Parke
Consolidated Foods
PennDixie
Fisher Vv
Greater
Lowa
Guardsman
Bennzeil
AB Dow-Jones
Interstate P
Iowa Electric Wa
Fram Tenderson & Co
Lowaelll Gas
Pepsico
Éhle
Om. Jose
Lite Invest
Wss
Phila el
Phil Rdig
Lone Star
PhilMor
Ma Utilities
Mid-America
Phill Pet
Miehle & D
New York
Vogf
New Ozark
Polaroid
Vaay York Stock Exchange
Jpm
Gerber Pd
Repubsteel
Admiral
Getty Oil
Revlon
Air Red
Gillette
Rexall
U. S Alley Corp
Eslen
Goedren
Éaly
Ally Alleg Pw
Goodyr
Rheem
Allied C
Ashe
Ty Grace Ca
Y Pe
Abr Corp
Allied
Ty Grannes
Gt Nor Ry
Ryder Sy
Alcoa
Gulf
Schenley
Chicago (Ap
Chicago Mercantile Exchange
Mara Ale — i Seab AL
Liu A Am
Hosp
Sears
Sears Roe
Servel Seeburg
Holf Electron
Am Motors
Él Va Valla
Sheewen
Sinclair
SingerCo
T&t
AMP Inc
Hupp Cp
Ampex_ Cp ua
South Co
Bal
Somngas
Anacondale Aaa
Idaho Pw
South Oc
Anken Chem
Va Ideal Cem
Wie Wu. Ry
Armcost
Sperry Rand
Sioux City Livestock Armour
IngerRand
Sioux City
Inland
Aehland
Aj insurNoAm
Njode
Stadt
Ohio
Omaha
Aveo Corp
War Intl
al Ar
SterlOrug
Good
Heif
Apsv
Stevens JP
Meers
Ckibrk
Studebaker Na
Falcons
Canner
Cutter
Few
Beaunit
CTA Js
Sunray
Beckman
JonnMen
AVE Beecher
Johnsal
Bell How
Asis
Jonb Lagan
Ave Ata
Raya
Bendix
Jones
Tampa el
C.R
Benguet
Fenneco
Texaco
Cedar Rapid
Bigelows
Kennecott Kayser Ra
Texgsul
Texas
Nst Wi
Boise Case
Ala
Kimb Clark
D.dée U
Borden
Aia
Koppers
Brunswick
Kresge
Tim RB
Ana
Bucy Er
Ai Kroger
Bullard
Bulova
Burroughs
Iag
Lehman
Ilofgis
Lonesca
Ugasce
Lorillard
Dai Lukens
AD AB Tbs
Cenco Ing
Macyrh
Certteed
Whelan
Chrysler
CocaCala
ashWat
Cols Pal
Merck
Wesin Airl
St CotlinRad
Macrthep
WaBanc
Asa Ala
Bologna
Bulls
Weverhr
Af 'Monsan
Wilson Co
Val winneDi
Monidu
Koalworth
MontWard
Cnngas
MerrellCo
Motorola
Xerox_Co
Zenith Rad
Old Sheen
Associated Press
OL Crawn Cork
Crawn_ Zell
Nat Steel
Cudahy Co
Ble
Curtis Pub
Nevada
éBc
Curter
Newberry Jd
Ning
Nordk
Divi Deere
NA Avia
Delta Air
TGR
Nsia Pw
Northran
t—Pai
Det Steel
NwstAirl
Disney
Norton
Norwch
Dove Aire
Dis- Draper
OhioEdis
Bress_ Ind
Duke Power
Otis
Ug Lt
EastAirLie
Lamson Brothers ElGond
Eipasong
EmerRad
Bis ErieLack RR
EairCam
Esireh
Freeport
FryehCp
Gam Ska
Ia Wa
Pacifist Quintet Arrive in Tokyo
Five U S pacifists expelled from South Vietnam arrived in Tokyo en route home. Their leader Rev A J Muste plans the largest peace demonstration in American history. A sixth member Karl Meyer was not on the plane and may have remained in Hong Kong.
MENTIONED IN THIS ARTICLE
Tokyo
U. S
South Vietnam
A. J. Muste
America
Karl Meyer
Heap
Hong Kong
Honor Society Inducts 52 at Jefferson High School
Jefferson High School inducts 52 students into the National Honor Society for scholarship leadership service and character. Juniors receiving pins include Cynthia Clark Gary Cooper Lee Dytrt Brian Gableman Linda Gerhold Robert Jordan Larry Lawrence Burrell Lowery Penelope Maher Leigh Malmer George Norris Donna Oster Steve Peterson George Pfeffer Nancy Powell John Proescheldt Gary Rieck Karen Spicer John Steff Judith Thorpe Marcy Urban Bruce Vavrichek Donna Weidman Randall Whitmore Ronald Wilson and Gregory Wilt. Seniors inducted include Mary Barber Sandra Graham Sue Hardin Marina Harkler Cathy Harper Roger Howell Denzel Hultgren Jim Huston Barbara Jepson Joe Kluweis Cheryl Koehler Nancy Kurth Nancy Martens Larry Miller Pam Pealer Donna Pederson Bill Pfeffer Charles Potter Judy Robertson Carol Roustie Anna Rutledge Stephen Seifert Mary Shackford Nancy Vance Terry Weimers Penny Zrudsky.
MENTIONED IN THIS ARTICLE
Jefferson High
Nclude
Cynthia Clark
Gary Cooper
Lee Dytrt
Brian Gableman
Linda Gerhold
Robert Jordan
Larry Lawrence
Burrell Lowery
Penelope Maher
Leigh Malmer
George Norris
Donna Oster
Steve Peterson
George Pfeffer
Nancy Powell
John Proescheldt
Gary Rieck
Karen Spicer
John Steff
Judith Thorpe
Marcy Urban
Bruce Vavrichek
Donna Weidman
Randall Whitmore
Ronald Wilson
Gregory Wilt
Mary Barber
Sandra Graham
Sue Hardin
Marina Harkler
Cathy Harper
Roger Howell
Denzel Hultgren
Jim Huston
Barbara Jepson
Joe Klueas
Cheryl Koehler
Nancy Kurth
Nancy Martens
Larry Miller
Pam Pealer
Donna, Pederson
Bill Pfeffer
Charles Potter
Judy Robertson
Carol Roustie
Anna Rutledge
Steph Len Seifert
Mary Shackford
Nancy Vance
Terry Weimers
Penny Zrudsky
Ex-C R Man Hart in Kansas City Mishap
James W. Sullivan 48 of Kansas City a Cedar Rapids native suffered compound fractures of left arm and leg when hit by a bus in Kansas City Thursday afternoon. He was taken to St Marys Hospital in good condition Friday. Sullivan is general secretary treasurer of the Rock Island Brotherhood of Railway Clerks. He moved from Cedar Rapids a year ago.
MENTIONED IN THIS ARTICLE
James W. Sullivan
Kansas City
Cedar Rapids
St. Mary’s Hospital
Sullivan
Rock Island, Brotherhood of Railway Clerks
Grain market mixed and slow with small gains and losses
Chicago prices moved little on Friday as Wheat rose slightly while corn dropped and oats and rye fell. Cash grain quotes showed No 2 hard wheat around 16a'en and No 2 yellow corn near 1.3 Veg with No 1 yellow soybeans just under 3.00.
MENTIONED IN THIS ARTICLE
Chicago
Apia Tre
Chicago Cash Grain
Chicago Produce Prices Rise on Butter and Potatoes
Wholesale butter prices edge higher as demand remains steady across Chicago markets. Potatoes show good demand with firm market. Red River Valley and Minnesota-North Dakota varieties listed with steady to slow movement and light new supplies. New York offerings mix, with medium and standards torn between ample supply and steady demand.
MENTIONED IN THIS ARTICLE
Chicago
U.S
Red River Valley
Minnesota
NEW York Produce
New York
USDA
U.S. War Toll In Vietnam Tops 3 000
The count of American battle deaths in Vietnam rose past 3,000, with 3,047 killed since Jan 1, 1961. If losses keep up, the tally could reach 6,000 or more by year end. The weekly toll has hovered near 100, and 1966 deaths through April 16 total 1,427.
MENTIONED IN THIS ARTICLE
Washington
Vietnam
Detour Set for Work Merchants Bank On 30-150 Interchange
Engineers of the state highway commission announced construction will resume Monday for the completion of the project on highway 150 from Mt. Vernon road to highway 30. A temporary detour with stop signs will be necessary to complete work at the 30 and 160 interchange. The detour is expected to last about two weeks. Richard J. Ryan was elected vice president of Merchants National Bank. Stanley D. Miller John M. Hays and James H. Shaff were named assistant trust officers. Richard F. Salat and William R. O'Toole were elected assistant cashiers. All directors were reelected at the shareholders meeting.
MENTIONED IN THIS ARTICLE
Merchants Bank
Gazette
State High- ‘Way Commission
Mt. Vernon Road
Highway 30
Commission
Richard J. Ryan
Miam Drive
Merchants National Bank
MNB
John T. Hamilton
Ryan
Stanley D. Miller
John M. Hays
James H. Shaff
Richard F. Salat
William R. O’toole
Three Year Old Girl Hit by Car Injured in NE Des Moines
Roxanne Miller aged 3 daughter of Mr and Mrs Don Miller suffered facial laceration and head injury after running into a car on the 1300 block of C avenue NE Friday at 10 27 am. She was admitted to St Luke's hospital in fair condition. Police say driver Clarence Brockman 45 of Marion was not charged.
MENTIONED IN THIS ARTICLE
Roxanne Miller
Don
Miller
Blairs Ferry Road
C Avenue
St. Luke’ S Hospital
Clarence Brockman
Jone
Marion
City National Bank Sees 11 Percent Rise in Loans and Deposits
City National Bank annual meeting heard vice president J E Breckner report 1965 loans and deposits up 11 percent from 1964. Deposits for 1966 show a further 6 percent increase over year end 1965. Shareholders re elected all directors and, at a later directors meeting, all officers were reappointed.
MENTIONED IN THIS ARTICLE
City National Bank
Annessay
Jes E. Breckner
Building Burns in Downtown Fort Dodge
Fire destroyed a two story brick building housing a tavern and two apartments in downtown Fort Dodge. Owner Pete Galask estimated damage up to 40000 dollars. The blaze likely started by a left plugged grill at the Oasis tavern. Two women in the upper apartments escaped safely. adjoining building suffered smoke damage.
MENTIONED IN THIS ARTICLE
Fort Dodge
Pete Galask
Oasis Tavern
Perarhasta
Uninformed Stock Speculation Curbed by Exchange Rules
New York Stock Exchange directors voted new limits to curb uninformed speculation. The rules raise the minimum equity in a margin account from 1000 to 2000, tighten day trading margins to 70 percent, prohibit free riding in cash accounts, and take effect Monday. Keith Funston praised the effort to slow speculative buying while urging caution. Obituary notices Riccadonna, Dany, 87, wine industry pioneer, founder of Riccadonna wine company, died Thursday in Italy.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Exchange
Keith Funston
Funston
Canelli
Italy
Obitavio Riccadonna
Riccadonna Wine Com
Dany
University of Iowa Band Revised to Encore Throngs in Kharkov
The University of Iowa band drew large crowds in Kharkov with nine encores at the first show and seven more at a summer theater in a Kharkov park. The ensemble has performed two concerts in Leningrad Kiel and Kharkov then boards a train for Moscow before continuing to Tashkent and Samarkand on a three month European tour.
MENTIONED IN THIS ARTICLE
Kharkov
Ussr
UPI
University of Iowa
Ukraine
Leningrad
Kiel
Moscow
Tashkent
Samarkand
Kharkov Park
Bar Disturbance Leads to Fine for Oshkosh Man
Michael Moore, 28, of Oshkosh Wisconsin, arrested early Friday for disturbing the peace and drunkenness. He pled guilty in municipal court and was fined 25 dollars for disturbing the peace and 10 dollars for drunkenness after a disturbance at the Town House bar on First Avenue SE shortly after midnight.
MENTIONED IN THIS ARTICLE
Michael Moore
Oshkosh
Wis
Moore
First Avenue
Okays Grant to Northeast Iowa Group for Community Aid
Congressman Culver announced the Office of Economic Opportunity approved a grant of 26887 to the Northeast Iowa Community Action Corp in Decorah. The funds will be used to study problems in Allamakee Winneshiek and Howard counties and develop new programs to address them.
MENTIONED IN THIS ARTICLE
OEO
NE Iowa Group
Decorah
John Culver
Office of Economic Opportunity
Northeast Iowa Community Action Corp
Culver
Allamakee
Winneshiek
Howard Counties
Gromyko and Fanfani Reach Scientific Collaboration Accord
Soviet Foreign Minister Gromyko and Italian Foreign Minister Fanfani agreed on expanded technical and scientific cooperation. The accord aims to deepen bilateral cooperation between the Soviet Union and Italy based on mutual interests.
MENTIONED IN THIS ARTICLE
Gromyko
Italy
Rome
Fanfani
Unclear Historic Commodity List Includes Corn Syrup Starch Oils
A fragmentary catalog references corn syrup tank cars priced at 5.72 and Pearl Starch with standard moisture in paper bags at 6.35. It also notes powdered starch standard moisture, paper bags, and other starch products with varying packaging and identifiers.
MENTIONED IN THIS ARTICLE
Stangard
High Court Refuses Quickie Wedding In Dart of Wilson Plea
DES MOINES AP The Iawa supreme court denied to intervene in a Des Moines municipal court case against State Rep. William P. Wilson over a fatal traffic accident. Wilson sought to plead to a lesser charge of failure to leave his name and address. the city argued for failure to aid and information. The high court rejected the petition after a short conference. Also Waterloo case: Dysart native Edwin C Hollis seeks annulment or divorce from his Waterloo husband on grounds of cruelty. marriage license obtained at Preston Minnesota amid alleged quickie marriage practices.
MENTIONED IN THIS ARTICLE
High Court
Wilson
Dysart
Des Moines
Iawa Supreme Court
William P. Wilson
Cedar Falls
Waterloo
Preston
Mine
Abs
Edwin C. Hollis
Byron
Minn
Iowa
Minnesota
Lawrence Scalise
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Monrela
Pennzoil
Eaton Vale & Towne
American Motors
Eastman Kodak
Westinghouse Electric
Anaconda
Goodyear
Montgomery Ward
American Stock Exchange
U.S. Treasury
San Vel Eat Tie Inca
Rene Upeere Seer
O Tost
Vietna
MOWTH
Meeris Katz
Jefferson HS
C.R. Man Hart
Ft. Dodge
U. of Iowa
Midwest
Dean Swanson
Channel 9
Penick & Ford
Vyrl
Justice Electric Co
6Th St. SE
Robert Whitaker
Hollis
Louise A. Schrieder
7Th Street
S.E