Market Closes Lower As Week Begins
New York stocks ended lower in a shortened Monday session. Profit taking persisted as trading remained moderately active and hours were shortened for the week.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 14, 1967
Page
17
New York stocks ended lower in a shortened Monday session. Profit taking persisted as trading remained moderately active and hours were shortened for the week.
Over the counter and listed stocks traded lower at the open and closed near the day’s lows. Losers outnumbered gainers by more than two to one. Among the few advances, gains were modest with Polaroid Xerox Ling-Temeo-Vought and Fairchild Camera showing weak shows.
The Chicago livestock market reports Tuesday receipts of cattle hogs and sheep with butcher hogs selling steady to strong. Slaughter steers rose 25 to 50 cents, lambs steady, while hogs showed firm to higher bids across weight classes.
Wheat futures fell four cents from intraday highs as liquidations swept through grain markets. Prices ended mixed with corn oats and rye lower while soybeans rose fractions. Chicago cash grains listed No 2 hard wheat near 1.57 to 1.58, corn No 2 yellow 1.2134, oats No 2 heavy white 71 1/2, soybeans No 1 yellow 2.74 1/2.
New York AP Patrolman Robert Turner a Navy Reserve bosun mate twice diverted to aid two women during a Brooklyn knife threat. He was injured, treated at Beekman Downtown Hospital, and returned to Brooklyn for service forms before flying to Florida at half fare.
Market notes show hog prices for 200 to 230 lb butchers at 20.50 to 21.00 dollars with packing sows 19.00 to 19.25. Cattle prices list prime steers and heifers at 26.00 to 24.50, standard and commercial cows around 18.50, yearlings 16.00 to 18.38, with grain quotes for No. 2 corn at 1.07 and soybeans at 2.55. Sheep and lambs priced 21.00 to 21.50 for good lambs and older sheep 3.00 to 5.00.
City briefs note a robbery at a local service station where attendant Beaton was relieved of 185 dollars. A separate item reports a UAW potluck dinner scheduled Thursday at the Ellis YMCA hosted by the Retired Senior Citizens group.
Stewart Shank seeks re election to the city council filing nomination papers August 15 1967. The primary is October 24 and election November 7 with eight candidates in the race. Mayor Bob Johnson will not seek re election and other incumbents have not announced.
A Yemini royalist was shot to death in Aden near a pavilion during a street shooting incident. Police identified the victim as Nagi Ali Zaidi. A British spokesman said the suspect fired first from seven yards, then additional shots were fired.
Betty Furness, 51, Johnson advisor for consumer affairs, will marry 52 year old CBS documentary producer Leslie Midgley in New York Tuesday. The pair met at CBS three years ago after her rise from model to film, TV commercials, radio and TV work.
In New South Wales a 24 hour walkout by 60 000 transport workers stopped all government trains and buses from midnight Sunday to Monday. Meanwhile journalists and printers at Sydney newspapers continued their 14th day of strikes amid stalled wage talks.
Fred Thompson 64 of 1112 avenue NW is in fair condition with head injuries after a man hit him possibly with a sap and stole 185.32 from the Twin Towers service station at 2929 Sixteenth avenue SW. Thompson was found unconscious in the garage around 5 a.m. Sunday.
Advertisement notes veterans from the 34th division meeting at the Montrose Hotel at 7:30 PM to plan the national reunion. Bowling leagues for men and women forming at Tropic Lanes. Mens team needed for Classic league on Tuesdays at 6:45 PM. Call Tropic Lanes at 363 9653.
At the Sixth street and Sixteenth avenue SW intersection a Sunday three car crash injures three. Margaret Klein 30 and her daughters Linn 10 Julie 8 riding with Elmer Klein 22 were checked for injuries and released. James Bemis 21 of 605 Third Avenue SE drove a car that failed brakes and hit Klein, pushing it into Leonard Ehrig 37. No charges filed.
An AP report from Mieres Spain states eleven miners died and one injured after a fire damp explosion at a coal mine just after the morning shift began. Forty nine miners escaped uninjured as rescue teams recovered the injured worker and bodies after hours of digging from a depth exceeding 300 feet.
Lone Tree community school and Johnson county boards of education file an appeal in Johnson county district court over a July 14 state board ruling to dismiss a Lone Tree reorganization plan. The petition would have moved two thirds of Nichols district into Lone Tree. The appeal claims the department exceeded its jurisdiction and acted arbitrarily contrary to the superintendent and executive officer’s recommendation.
Several cases of beer and groceries were stolen in a Sunday night breakin at the Jack Beisker store and tavern in Rossville. Intruders gained entry by breaking a window and the crime was discovered at 7 30 a m Monday.
British Foreign Secretary Brown arrived in Oslo for a three day official visit beginning Monday. He will meet Norwegian leaders to discuss security and regional cooperation during the trip.
Authorities seek Laverne Paul Grauerholtz a 20 year old inmate who walked away from the Lusier Heights work camp near McGregor Sunday evening. He entered the state men's reformatory at Anamosa July 8 1966 on a 10 year sentence for breaking and entering from Linn county. He is described as five feet 11 inches tall 150 pounds with brown hair green eyes and a left forearm scar. He wore prison blues at escape.
Vandals threw rocks at two farm houses in Clay County near Colesburg early Sunday waking residents. Estimated damage is at least 50 dollars at the Vernon Moser and James Horstman farms north of Colesburg.
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