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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 13, 1963
Page
14
Stocks closed higher with a late surge in heavy trading. Chrysler rose about a point while Parke Davis fell nearly 2 points after a three day run. Market volume reached about 44 million shares versus 4.79 million the previous day.
AP reports wholesale buying prices in Chicago mostly unchanged for live poultry butter eggs and potatoes with roasters to 24c, White Rock fryers 18 to 19c, eggs firm around 35c for whites and 25c checks, potatoes arrivals 40 on track 93 total and light demand, New York offerings tight with extras at 18-20c for jumbo sizes and butter prices steady with adequate demand.
Earl L. Manholtz 37 was arrested for false drawing and uttering a 23 dollar check at Joe's Deep Rock station in Iowa City. The check to John R Davidson was signed by Elvina Kocher and endorsed before cashing. Station operators alerted police after confirming no account, leading to Manholtz’s capture and a $1,000 bond.
TV listing notes Bill Williams presenting a science fiction theater segment titled Terrifying Trip to Jupiter on TV 9 at 10:30 Tuesday night.
USDA estimates Wednesday receipts show 12 000 cattle 5 000 hogs and 500 sheep. Hog prices mostly 25 to 50 cents lower with some offerings 75 cents down. slaughter steers steady to strong. Regional reports from Chicago Des Moines Omaha and Sioux City note varied bids for butchers sows and calves, with prices listed for different weight ranges and classes.
Market notes show Tuesday hog prices steady to a quarter lower with Monday quotes at 16.25 to 17.25 and most 1s and 2s at 17.00 to 17.25 delivered to the plant. Sows and light weights cite discounts. lambs, old ewes, and bucks show varied pricing and heavy lamb discounts amid a general mood of lower packer bids. Also listed are eggs and grain quotes with corn at 1.17 per bushel and soybeans at 2.37 per bushel for 36 lb sacks.
Speculators returned to the buying side of most grain futures as prices held firm. Soybeans gained about two cents, corn rose about a cent, and wheat stayed mostly unchanged in a quiet mixed session.
Wheat prices listed include No 2 red at 1.84 and No 2 yellow hard at 1.992. No 4 yellow hard at 1.974. Corn shows No 2 yellow at 1.33 and No 2 white at 1.35. Oats figures appear garbled. No soybean sales reported.
Sam Shulsky explains setting up a bank trust for a minor heir as a practical alternative to outright bequests. A New York law example shows a $50,000 trust costing about 0.5 percent yearly plus 1 percent on termination. A trust lets you select the trustee, tailor ages for fixed distributions, and avoid court guardianships with smoother investment handling.
Larry Goedken 12, son of Mr and Mrs Elmer Goedken, is in good condition at Oelwein Hospital with a head injury from a fall at the Goedken farm on Monday.
Centennial observance of the grand commandery of Knights Templar of Iowa planned for June 25 to 27 in Cedar Rapids. Several hundred attendees expected, with national and state officers joining local members from Iowa and nearby states. Planning meeting held in Cedar Rapids included state and local leaders such as Dallas T. Alford and H B Willard.
Police Tuesday investigated three larcenies from motor vehicles. George Pettit reported a 16 gauge shotgun and a .22 rifle stolen from his car on Monday night in front of his home. Harold Gladwin said a $70 watch and car keys were taken from his vehicle on Fifteenth Avenue SE. Ralph LaCombe reported a transistor radio and miscellaneous items totaling $73 stolen from his car on Grande Avenue SE.
The Interstate Commerce Commission reinstates a 5 percent motor freight rate increase for less-than-truckload and any-quantity shipments within the Middlewest bureau territory. The raise, delayed from July 1, will take effect September 7, with a hearing set for September 16 in Minneapolis as the commission continues its investigation amid shipper protests.
The New York Herald Tribune is back on White House desks after past cancellation. Officials say it is being delivered to aides including Theodore Sorensen and Pierre Salinger and available to President Kennedy if he wishes. No explanation for the reinstatement was given.
Broadway actress Madeleine Sherwood of New York City was convicted and sentenced to six months at hard labor for a freedom march near Attalla Alabama on May 19. Her breach of the peace case was bond at 1900 dollars and appeal to a U.S. district court was noted. She was arrested with 11 others while trying to retrace the steps of slain integrationist William L Moore.
A shout to readers to check today’s classified ads for bargain prices across goods and services. The note emphasizes limited time offers and urges quick action to snag deals.
The Maton council approved a 1964 city budget Monday night totaling 918 868 with 388 433 to be raised by taxation. No objections were voiced at the hearing. The session discussed train whistles and an ordinance directing the railroad to modify whistles at crossings. A Sept 9 hearing date was set. The council also annexed land on South Eleventh street at First avenue, land formerly owned by Linn county.
New students planning to attend C. B. Vernon junior high school should register in the principal John C. Fowler's office on August 20 or 21. The junior high will house grades seven through nine, with Fowler's office on the second floor near the former superintendent Messerli's offices.
Daily vacation Bible school is held at the First Baptist church this week. Rev. William A. McKee directs with Alice Turner as co director. Sessions run each evening at 7 o clock for all ages including adults. A nursery is provided. The school opened over the weekend with registration and a parade.
Community notices include the Roselle funeral services at Cedar Memorial for Henry R. Roselle with Mizpah lodge No. 639 AF and AM, a Murdoch chapel call, and a casket closure detail. Also listed are local ads for banks, pharmacies, beauty shops, YMCA programs, a TV service, an optometrist, a fountain work ad, and Sheaffer contest for students.
A police unit known as the Untouchables pursued a concealed drug shipment at about 8:30 Tuesday night following a television tip. Officers reported no arrests at this stage as the investigation continues.
City briefs note a Coin Club annual auction plans to be announced at a Wednesday meeting at 7 30 p m in the Sheraton Montrose. A Wildlife and Outdoor club meeting is listed for Wednesday at 7 30 p m in the UA W hall.
Milton H. Cohen urged the Securities and Exchange Commission to set standards for people entering the securities business and extend disclosure rules to more firms. He spoke to the American Bar Association in Chicago, noting the need for qualified entrants and stronger SEC oversight while promoting self regulation.
Penick and Ford directors on Tuesday declared a dividend of 20 cents per common share payable Sept. 14 to stockholders of record Aug. 23.
Pam Decker a 17 year old from Winthrop was crowned queen of the Dyersville baseball tournament on Monday.
A cutting torch was stolen during the weekend from an interstate 80 construction site one mile south of Tiffin. The five inch Smith torch belonged to the John J. Abramson Construction Company.
Oelwein council did not receive bids Monday for the Fourth street SW paving project and will re advertise for bids on September 6. A bridge contract on Fourth street went to Burton Construction of Waterloo for 15 521 dollars. three bidders total. The bridge work should be finished by mid September.
Chicago AP John D. Randall of Cedar Rapids, former president of the American Bar Association, was elected to the board of regents of the American College of Trial Lawyers.
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