Stocks Close Lower On Mixed NYSE Trading Session
New York stocks ended lower amid slower trading on the NYSE. Notable movers included Allied, Chal, Itek, and Xerox with mixed gains and losses as investors weighed earnings and market tone.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 11, 1967
Page
18
New York stocks ended lower amid slower trading on the NYSE. Notable movers included Allied, Chal, Itek, and Xerox with mixed gains and losses as investors weighed earnings and market tone.
UPI dispatch notes cattle volumes at Sioux City and Omaha markets are light. Cattle and calf listings show varying prices with categories for slaughter steers and heifers, cows, and calves, including ranges and weight classes, amid unsettled demand.
The Cedar Rapids Regional Transit Authority invites sealed bids by August 28, 1947 for 16 used buses described in plans and specifications. Bids must be in cash or certified cashier's check equal to 10 percent of bid and opened publicly in the Authority office.
Wheat ends four days of decline amid strong flour buying and a USDA crop report. Livestock prices rise with hogs, cattle, and sheep showing varied gains across weights and grades in Chicago markets.
Prices paid Thursday for hogs 200 to 230 lbs ranged 20.50 to 21.00 delivered. Packing sows 300 lbs and down were 19.00 to 19.25. Weights above 230 see discounts up to 1.00 per cwt for 500+ lbs. Cattle and sheep quotes listed with varied grades and weights, plus feed ingredient prices included.
AP reports hog prices were steady to 25 cents higher Friday in Chicago markets. Slaughter steers were steady to 25 cents higher and spring slaughter lambs held steady amid light trading and balanced demand.
Reported offerings and demand for wheat oats soybeans and oil with pricing for butter eggs and potatoes in Chicago and New York markets. Items include price levels for dairy and produce, with notes on supply demand and regional quotations and U.S. shipments.
Three people sustained minor injuries in two Thursday morning crashes. Howard E. Hanson 59 suffered shoulder and back injuries when his car collided with a pickup driven by Boyd C. Chatterton 42 who was cited for failure to yield. Sharyn C. Mohler 17 bumped her head and bruised an arm in a separate collision with Richard R. Royer 27, who was also cited for failure to yield. Ivaryn Mohler faces a license violation charge.
New Orleans AP reporting that Dean Andrews, charged with perjury in the Kennedy assassination probe, saw his bid to oust District Attorney Jim Garrison as prosecutor rejected on Friday.
DETROIT AP The United Auto Workers union said on Friday it has authorized a strike vote among its members at Chrysler Corp. and will decide on a possible walkout strategy.
Officials of the Iowa employment security commission acknowledged that local employment officers may have discriminated against Black job seekers. An investigation is underway to identify discriminatory practices and improve outreach to Negroes and other minorities. Governor Hughes has urged the commission to place qualified minorities in suitable jobs and may hire an investigator if needed.
Hannah Tlach a 17 year old from Heidenheim near Munich Germany will join Linn Mar High School as an International Christian Youth Exchange student for 1967 68. She arrives in Marion and boards with the George A Lowe family route 3. She will be a Linn Mar senior and is fluent in English after six years study. The Trach family also hosts a Linn Mar student in return. The Lowes daughter Sarah will be a Linn Mar senior this fall. Mr Lowe is Marion Chamber of Commerce president.
George Ben Edmondson, once among the FBI's most sought fugitives, was captured in Prescott Ontario after escaping a Missouri penitentiary. He had worked in Canada as an engineer and was deported following an immigration hearing. The report notes his alias Alex Bormann during his Canadian years and references his marriage and newborn child. The item also lists local notices and ads from Marion, including a fire call and property purchase.
Labor department reports 1,280,000 workers involved in 2,600 strikes in the first six months, the highest level in 15 years. It notes 14.5 million man-days lost and significant impact on the economy. A Pvt. E-2 Joseph Bennett spends 14 days leave with his mother as part of the disruption.
Milwaukee based Allis-Chalmers Manufacturing Co to hold a weekend board meeting to review a $235 million tender offer from Ling-Temco-Vought Inc to acquire about 51 percent of Allis-Chalmers. LTV proposed $150 a share for 143,000 shares of preferred stock as part of the bid.
Police reported Thursday a Tuesday theft of a money bag containing $350 from the Cedar Rapids Merchandising Co at 212 Twelfth avenue SE. Detectives said about $15 was in bills and the rest in coins from a large container in the office.
Roger Logan, 22, of Manchester was sentenced to 30 days in the county jail in municipal court Friday for false uttering of a check. He was arrested on a warrant charging a $5 bad check written June 21 to a Cedar Rapids grocery store. Judge Loren M. Hullinger Jr. imposed the sentence.
Virginia authorities set August 23 for an extradition hearing for H. Rap Brown, a black power advocate, sought by Maryland on charges of inciting to riot and arson.
Episcopal Bishop John Vander Horst of Memphis says Nashville’s liberation school is barred from St. Anselm's Episcopal chapel and a diocesan property. He cites curriculum as teaching contempt for Christian heritage of reconciliation and love. Police testimony accused the school of teaching hatred of the white race.
The General Adjustment Bureau reports Detroit riot damage with 538 businesses destroyed and 549 seriously damaged. Drug and liquor outlets suffered 131 destroyed and 68 damaged, groceries 83 destroyed, 93 damaged, laundries 57 destroyed, 77 damaged, and thousands of claims filed for lost clothing.
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