Hogs Slide Further in Market Decline
USDA Friday receipts project 200 cattle 4000 hogs 200 sheep in Chicago totals. A second day drop in hog prices saw butcher hogs down as much as 50 cents.
03 Aug 1961
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 03, 1961
Page
1
USDA Friday receipts project 200 cattle 4000 hogs 200 sheep in Chicago totals. A second day drop in hog prices saw butcher hogs down as much as 50 cents.
Chicago market round up shows hogs 5.500, butchers 25 to 50 lower, various weights and classes quoted with prices ranging from 15.75 to 18.00 per hundredweight. Cattle slaughter steers steady to 25 higher with good and choice 900-1200 lb at 22.50-23.25. heifers 21.00-22.50. cows 13.75-16.50. bulls 17.50-20.50. Sheep slaughter steady with native spring lambs 18.75, choice 15.50-18.90, ewes 3.00-4.00.
UPI reports prices steady to 25 cents lower with hog markets showing specific ranges for various weights. Butchers demand remains cautious as values cycle through light to heavy categories across 180 to 550 pounds.
Fragmentary OCR data lists weights and prices such as 160-170 lbs 14 09G 170-189 tbs and figures like $16.66 and $12.564. Mentions vendors or items including Sherpa and various codes, but no coherent narrative or clear event.
Receipts show 1.298 calves, slaughter steers and heifers steady to higher with choice steers and heifers mixed. Prices range around 33.50 to 21.25 per hundredweight for various grades and categories.
Sioux City cattle sale notes Cattle: 2200 head reportedly with calves and small run of steers and heifers. Prices show steady demand for good and choice selections with several loads and averages around 23.26 per hundredweight for high quality lots.
Prices on the Cedar Raunds hog market were steady with Thursday bids at 16.75 to 17.50 per cwt for top hogs, a few at 17.60. Packing sows 300 lbs and under quoted 14.75 to 15.50, while butchers over 270 lbs were 15c less per 10 lbs up to 270. Packers priced lower by weight group from 300 to 330, 509 and over 500. Corn at 1.04, soybeans 0.92 and oats listed with old price notes in grain section.
NEW YORK AP reports stocks rose modestly despite late session weakness. Trading volume was about 4 million shares as the market closed with a moderate advance.
Readable items show figures for railroads utilities and industrial averages. Names Francis J. duPont and Co. Merchants Bank appear as sources. Exact entities and dates are uncertain due to fragmented text.
Mr and Mrs John William sson will leave Aug 15 for Bonn Germany where he will do research work at the university. A student at Johns Hopkins university in Baltimore Md he has been awarded a years scholarship to Germany.
In Chicago traders sold grain futures on Thursday with soybeans down 1 4 to 2 1⁄2 percent and wheat 0 5 to 1 percent lower. Corn fell 7 percent while oats and rye were mostly steady to down small levels.
Wheat prices for No 2 red and No 3 yellow hard are listed. Corn No 2 white trades at 1322, oats range from 69 to 68 cents, soybeans show no sales with futures around 10 percent. Barley options include malting at 1.40 and feed at about 1.02.
AP reports USDA butter adequate to ample with slow demand and varied creamery scores around 90 to 93. Eggs show offerings down slightly with more than ample balance and improved demand. Extras, mediums, and smalls are listed with price ranges from 28 to 38 cents per pound.
Arrivals total 215 shipments 186 supplies moderate and demand slow. Prices show California whites at 3003.40 dollars, bakers 365, Texas round reds 2.80 to 2.85, Idaho carloads 3.10, Washington long whites 3.40. Market tone dull with fair appearance noted.
Directors of Allis-Chalmers Manufacturing Co. met and declared a quarterly dividend of 25 cents per share on common stock payable Sept 30 for record holders at Sept 1 1961. They also declared the regular quarterly dividend of 1.02 per share on 4.08 percent cumulative convertible preferred stock payable Sept 5 for record at Aug 18 1961.
The Iowa Electric Light and Power Co board declared quarterly dividends of 60 cents per share on 4.80% cumulative preferred stock, 53.5 cents on 4.30% preferred, and 45 cents on common stock, payable Oct. 2 to holders of record Sept. 15, 1961.
The Cedar Rapids City Council will meet August 14 1961 at 10 am in Council Chambers to hear taxpayers on the 1961 budget. A detailed receipts and disbursements statement for the year beginning January 1 will be available at the hearing. City Clerk Old Gechaepher.
Premier Khrushchev and Italian Premier Fanfani held two days of talks in Moscow on the Berlin crisis. They urged coordinated Western negotiation and warned against unilateral action while signaling willingness to negotiate. Khrushchev stressed a peace treaty with East Germany by year end unless a coordinated solution emerges. Fanfani pledged Italy’s support for Western allies.
Whitelaw Wilson named director of admissions at Coe college effective Aug. 7 announced by President Dr Joseph E McCabe. Wilson, 28, comes from Syracuse University and previously headed admissions at Westtown School. He served in the army as a psychiatric social worker at Lompoe barracks in California 1956 to 1958.
In a tense exchange, Khrushchev proposed that all present remove their coats unless the foreign ministers objected. Segni cited a throat ailment as protest. The Italian, Soviet ministers and senior officials were present as the anecdote circulated about the unusual display during negotiations.
AKRON Ohio AP A man named William Toomey 22 climbed a utility pole on a dare and stood barefoot on a crossarm as three teenagers including his brother watched. He touched a 4000 volt line and was electrocuted. Police say another wire on the crossarm may have grounded him.
The Interstate Commerce Commission guaranteed a five million dollar loan to the bankrupt New York, New Haven and Hartford Railroad. The move aims to keep the railroad operating during its reorganization under three court-appointed trustees.
A compact list of items in the want ads features coolers cows cash and cars as sought or offered. The brief item hints at a local marketplace tone and practical exchanges among readers.
The Linn County Board of Supervisors direct grading of a one mile road past College Community Schools, despite Cedar Rapids city input. They set Aug 23 for bidding, noting city annexation and future hard-surface plans. They also awarded a rock surfacing contract for 6 miles near Coggan to DeWees Patthoff Stone Co. of Marion for 16,048.17.
Doris Bruce age 24 of 1114 Fifth St NW pled guilty in Linn District Court to fraudulent acts to obtain aid to dependent children payments. She received a 90 day suspended sentence. Her former husband Ronald, 25, was given until August 9 to plead to the same charge.
Gary Gramblin sues Culver Rent-a-Car and Hertz Rent-a-Car for 625 dollars after his car, parked at 814 Third Ave SE, was struck on August 23 1959 by a vehicle owned by defendants and driven by Zack E Mason. Milan W Freese sues Mike Mullaley for 252 87 dollars on a promissory note.
Judgments issued in Jones County Farm Service Co. v. Mr. and Mrs. Fred Fite for $645.08 on account. Amana Society sues William J. Martin for $346.28 on a promissory note. Penford Employees Credit Union against Roberson Williams for replevin of judgment.
Sisters of Mercy of Cedar Rapids and Mercy Hospital pursue possession from Anthony Grimmon over an account totaling 248.70. Court documents show the petition seeking recovery of the 1956 car asset as part of the debt action.
Esther Howell vs. M Capp Manufacturing Co. Inc. contract suit for $300 is dismissed with prejudice, final judgment closing the case.
Michael L. Stern an 18 year old Arlington resident surrendered to a Cedar Rapids police officer on Thursday admitting car theft from the Prairie Chapel churchyard the previous night. The vehicle owned by Robert May of Marion was found with a loaded .22 caliber rifle by Linn County sheriff s deputies who investigate. Stern was charged with larceny of a motor vehicle.
Lyle E. Mahannah, 21, of Springville, pled guilty and was fined $300 in Linn district court after his car struck a pole in Marion on July 22. He was arrested by police on the drunken driving charge.
James E. Hanlon of Scott county files suit for 6094.82 against Linn county residents Helen Wiemerslage and Wilma J. Blosser after an August 6, 1959 auto collision on First Avenue near Marion. He says the Wiemerslage car crossed the center line causing the crash in which he was injured.
Dave Harford aged 22 of route 3 pled guilty in Linn district court to furnishing beer to minors. He received a six month suspended sentence. Harford and Mae Lucille Clark of route 3 were accused of buying beer for two Marion minors last weekend. Clark drew a one month suspended term.
A three hour closed door hearing in Oelwein examined the suspension of two officers Ray Stoddard James Fortsch and F E Becker by Mayor Louis Lonborg on July 27 Fortsch was reinstated and named acting assistant police chief The safety council which arranged the session heard testimony from the officers and council members No action was taken and more testimony or a public hearing was planned The mayor accused the officers of unethical practices demoralizing procedures and failing to function as police officers
Three Iowa City teenagers aged 16, 16, and 15 were turned over to juvenile authorities after Iowa City police charged them in the Coraville Charcos Drive-In break in. They were arrested after a tip about one boy boasting. Authorities say $137 cash and cartons of cigarettes were stolen, and two youths admitted further breaks at Frank's service station in Tiffin and an Oxford tavern.
This item lists deadlines for want ads including 11 a.m. weekdays for same day publication and 5 p.m. on Sundays for Saturday publication. It notes email size type with four average words for the first line and five words for each additional line, and mentions a blind box number in care.
We wish to thank our friend and relatives for the beautiful floral tributes and cards received during the illness and death of our beloved wife and mother Pat Goodiove.
A jumble of small ads and notices covers discounts at a tailor shop, Salvation Army pickup services, haircuts, barber and dining spots, dance venues, and open vacancies. Listings include a rent of vacancies for care homes, travel opportunities for young men, real estate sales, insurance investigator roles, sales and distribution jobs, and a drummer needed. Names, addresses, and EM contact numbers appear throughout the clipped page.
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