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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 12, 1969
Page
13
Financial and market notes show hog prices up a quarter with mixed demand signals. Sheep slaughter steady with several lots offered at 100 to 110 dollars per hundredweight, while cattle and other livestock values display varied bids and limited supply. A multi purpose satellite launch ended unsuccessfully after reaching orbit, followed by unclear subsequent reports.
Cedar Rapids hog market prices were steady Tuesday with Monday’s bulk market and plant delivered butchers 200 to 230 pounds at 26.00 to 26.50 per hundredweight. Sows 300 pounds down ranged 23.50 to 23.75, with price reductions tied to weight and grade across heavier categories.
A governmental report on the callback for corn production boosted demand for corn futures Tuesday. Prices across five corn contracts rose while nearby grains showed mixed moves, with wheat mostly steady and oats and rye marginally up or down amid broader market shifts.
Three large plumbing firms Borg-Warner American Standard and Kohler were fined 1500000 each and three executives were sentenced after a 72 day trial for conspiring to fix prices on 8 billion dollars in plumbing fixtures. Joseph Decker Daniel Quinn and Norse Held received jail terms and probation. The judge ordered fines and sentences with appeals planned by the companies.
Dallas lawyer Edward Wright has been selected to lead the American Bar Association for the coming year. Wright, a veteran in legal circles, was chosen by the group amid ongoing efforts to expand legal reform and professional standards nationwide.
Quaker Oats plans to acquire Fisher-Price Toys Inc of Aurora Illinois in a Tuesday announcement. The deal would be for an undisclosed cash amount and remains subject to Quaker Oats board approval. Fisher-Price reported sales over 30 million dollars last year.
Senate foreign relations chair questions value of defense funded research on topics like Hindu nationalism and the Sinhalese Buddhist revolution in Ceylon. He urges an amendment to divert 8.6 million from the defense budget and notes the Pentagon won’t itemize costs for individual reports.
A weakened wall at the Vinton Hotel partially collapsed Monday afternoon after a lightning strike five weeks earlier. No injuries were reported. Owner-manager Wayne Vickinger said the original hotel is 101 years old and he will likely rebuild the damaged wing.
Washington AP reports plans to seal a mine in Mannington West Virginia around September after 78 miners have died or been tombed since the disaster. The unsealing action aims to recover remains and conclude the long mine tragedy.
General Turner cautions residents about high payoff distributorship scams selling positions in mill level networks. He says companies recruit in towns promising quick profits by selling the same positions to friends, with money returned only as others join. He urges anyone with details to contact the consumer protection division.
Washington TAP reports the Pentagon opened an investigation into possible mismanagement of funds by club officials connected to US European, American, and Vietnam based units amid concerns over financial handling.
Mr and 3 Arthur Collins have accepted an invitation from President Nixon to attend a dinner Wednesday in Los Angeles honoring the astronauts. Collins is president and chair of the Collins Radio Co which supplied voice communications for all NASA flights including Apollo.
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