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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 23, 1973
Page
19
New York stocks fell Monday as inflation worries shadowed trading. The Dow Jones average dropped 5.57 to 957.63 by 2 p.m. amid guarded investor sentiment and warnings of potential overheating. Salant Corp led activity with gains while Sequoyahe Industries plunged and topped the Amex loser list.
Market reports show prices paid in Cedar Rapids were steady for Monday. Saturday’s bids for 200 to 230 pound live butchers ranged 34.50 to 35.00, with packers thinning prices by weight. sows 300 pounds down quoted at 31.00 to 31.50, and heavier hogs priced down per 10 pounds above 230. Sheep, poultry, eggs, and a brief silver market note follow with lower silver at 2.13 dollars per ounce.
The document lists abbreviations for special or extra dividends and various stock actions. It defines terms like annual rate, liquidating dividend, declared or paid within 12 months, stock dividends, ex dividend, ex rights, and warrants. Prices and sales timing relate to quarterly or last dividend periods and include foreign issue tax notes.
Chicago AP reports wheat futures rose eight cents a bushel on Monday as demand remained strong and sellers were scarce. Corn gained about three and a half cents, oats up five, and soybeans mixed with gains on old crop options. May wheat at 2.474, May corn around 1.613, May oats 0.96, May soybeans 6.534.
Wheat No. 2 soft red 150 and No. 2 hard red 63? in. corn No. 2 yellow 1.63 and oats No. 2 extra heavy white 1.02 4n soybeans No. 1 yellow 6.48 1.
Wholesale selling prices to Chicago remained unchanged as reported by USDA. Prices to retailers for Grade A in cartons delivered: extra large 54 to 57 cents, large 53 to 55, medium 49 to 51.
Butter remains steady in New York with Creamery 93 Score and 92 Score at unquoted levels. Wholesale egg offerings show mixed demand with whites priced for Fancy large 51 to 54 cents, Fancy medium and Fancy smalls unquoted.
USDA price report from Omaha shows hogs firm to 25 higher with some 85 head lots at 200 to 330 pounds trading 32.59 to 36.50 per hundredweight and sows up to 50 higher. Cattle and calves run 5,000 head with steers and heifers steady to firm and feeders steady to strong. high grade loads and premium lots across weights push prices 41.50 to 47.00 per hundredweight, with cows and utility lines near 34 to 44.75 and dairy and bred stock receiving gains in select lots.
Des Moines AP A bill to improve Iowa Public Employer Retirement System benefits was sent back to the senate for more amendments. The House kept some semi amendments and added others while failing to secure a $50 month minimum for all retirees. The measure would fund back about 38 million in IPERS earnings and raise the salary base for contributions and the service benefit formula.
Deputy William Cramer tried to show a training film to his police science class at Sierra College in Rocklin California. He grabbed the wrong canister and the students viewed the start of a confiscated 1935 vintage pornographic film.
In Des Moines Iowa the interior Iowa southern Minnesota hog markets report slow trade and uneven demand. Butchers steady to 25 cents higher and sows mostly 25 higher with varied price ranges across weight classes. Monday's estimate 90 000 Friday 30 000 week ago 92 000 year ago 73 000.
Butchers were steady and sows rose 25 cents. Packing plant delivery listed. No 2 butchers at 200 230 pounds priced from 34.75 to 35.25 dollars. No 2 sows around 300 pounds posted from 39.75 to 31.25 dollars.
Sioux City livestock report shows hogs at 8,500 head with all classes steady to firm for 190 to 250 pounders at 35.50 to 36.00 while sows fall up to 50 cents. U.S. 2-3 400 to 550 pounders fetch 31.50 to 32.00. Cattle trades total 4,500 with prices not established.
The Postville beef market on Monday quoted ranges for prime steers 44.00 to 45.00, choice steers 43.00 to 44.00, good steers 39.00 to 42.50, standard steers 39.00 to 42.00, choice heifers 42.00 to 43.00, good heifers 38.00 to 40.00, utility cows 31.00 to 36.00, canner and creamed cows 30.00 to 35.00, bulls 40.00 to 45.00.
Central Iowa Stockyards quotes Monday show cattle around 44.00 to 45.50 for steers and 43.00 to 44.50 for heifers with cows 26.00 to 34.50 and bulls 36.00 to 41.00. Hogs steady with butcher prices 35.00 to 36.00 and sows 30.50 to 33.00. Light boars 29.00 to 30.90 and over 250 lb 26.50 to 29.50. Internne estimates: cattle 400 hogs 000.
A break in at Harding junior high 4801 Golf Street NE led to missing coins from two vending machines and unknown cash from the library. Other items include clothing from Jerry L. Glanzer at 3309 G Avenue NW and a keg and tapper taken from J. D. Schultz at 5021 Montclair Drive NW. Additional losses include change from Roosevelt junior high machines and Noelridge Park Christian church funds. A clock radio was taken from a house under construction on Seventeenth Street SE. Also noted are various ads and local events from Holland, Pella, and Cedar Rapids areas.
Nash Finch Co. posted a record first quarter with sales of 70.9 million for the quarter ended March 24, up from 59.2 million a year earlier. Net earnings rose to 775,705 or 45 cents per share, from 660,615 or 39 cents, a 17.4 percent gain. The company also announced expansion plans for Fargo North Dakota and Cedar Rapids distribution centers, including 10 000 square foot additions to each warehouse for frozen food distribution.
Twenty years ago officials reported that the communists pledged to free more disabled Allied prisoners, a reversal of their earlier insistence on releasing only 605. The note hints at a broader humanitarian gesture amid ongoing negotiations.
Children sizes 2 4 6 8 offered in seven spring and summer styles with princess lines. Pattern 4635 uses permanent press cottons or knits in plaids checks and solids. Size 6 uses 1 1/2 yards of 35 inch fabric. Price 75 cents plus 25 cents air mail handling. Send to Anne Adams at Cedar Rapids Gazette pattern dept New York address with details.
The MorAmerica Financial Corporation offers ten year subordinated debentures due November 30 1982 with a 7 percent return based on 1000 per debenture. The $1 500 000 registered issue is sold by The Morris Plan Securities Company Cedar Rapids Iowa with semi annual interest on May 31 and November 30 and is offered to bona fide Iowa residents with a prospectus and annual report available upon request.
Prospectus issued certificates tied to Iowa residents. Minimum $1,000 buys semiannual interest on June 30 and December 31. For monthly interest invest $5,000 to receive $26.05 each month.
Beatrice Foods posts record highs for the year with net earnings rising to 90.3 million and sales totaling 2.7 billion. Earnings per share reach 1.36, while internal growth contributes about 250 million to the sales increase. The 75th annual report notes record results in warehouse and agriproducts and manufacturing operations with two Cedar Rapids subsidiaries, Vigortone Products and Dearborn Brass.
The Iowa State Highway Commission announces relocation assistance for Project 1-380-6(25)264-01-57 starting April 13 1973. Area occupants may qualify for moving costs replacement housing payments and advisory help if occupying the site at offer time have lived there at least 90 days relocate within a year after vacating and file a claim within 18 months. Contact the Relocation Assistance Office Ames or Cedar Rapids for details and a policy booklet. Displacements require replacement housing before loss of property per transportation order 5620.1.
Special execution directs sale of Lot 7 Mitralsky's Second Addition Cedar Rapids Iowa to satisfy a Farmers State Bank judgment of 26143.78 plus costs. Public auction at 9 05 a m May 7 1973 in front of the Cedar Rapids Court House with Gordon Gibson attorney and Walter H Grant sheriff listed.
The Board of Directors of the Alburnett Community School District will hold a special meeting in the Alburnett Board Room on Thursday April 26 1973 at 7 30 pm Edith McBurney Board Secretary.
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