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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 26, 1963
Page
5
The market finished another session generally higher with about 4.7 million shares traded. Key issues showed fractional gains to over one point with Youngstown Sheet up over 2 and American Smelting up around 2. Ratings and quotes reflect a broad list of industrials, utilities, and energy firms moving modestly higher amid active participation.
Investors ask whether to sell IBM or hold given long time gains, margin use, and looming costs. IBM shows rising per share earnings and a strong computer industry position with limited dividends, while Simplex Precast plummeted after a failed merger rumor, with a bid around six cents per share.
The traffic engineering department recommends installing stop signs and signals near schools. The city council passes five resolutions authorizing new signals at crossings including Hollywood boulevard NE with Lawrence street, F avenue at Fifteenth street NW, Lawrence street NE, Johnson avenue at Twenty-second street NW, and Johnson avenue at Twenty-first street with a removal at Hoover School east drive.
Mayor Bob Johnson invited by Gov. Harold Hughes to serve on the governor's United Nations committee. He will travel to Des Moines Wednesday for a statehouse meeting to aid in planning this year's UN day observance chaired by Des Moines Mayor Charles F. Iles.
Emmy winning duo Kim Stanley and Glenda Farrell headline the two part BEN CASEY episode airing Monday at 9 on TV 9. The drama opens a story arc as viewers await Part II.
Tuesday USDA estimates show receipts of 3 000 cattle 5 000 hogs and 500 sheep in Chicago. The butcher hog run of 7 000 head Monday was the largest in four weeks with prices weak to 25 cents a hundredweight lower as shippers absorbed about 65 percent of the offerings. Slaughter steer demand remained slow while prices held steady for cattle over 1 200 pounds.
USDA market notes show hogs at 7 000 head with price declines across weights and classes. Sow and gilt ranges stretch from 13.25 to 16.65 while cattle trade features steady slaughter steers with high grade values up to 25.25 and cows 15.00 to 20.50. Sheep districts report spring lambs steady with prices from 18.50 to 21.00 for various weights.
Prices held firm to mostly 25 cents lower than Saturday as hogs move through Iowa markets. Estimated Monday receipts reach 55 000 head versus 61 000 the prior week and 58 000 a year ago. U.S. classifications show 1 3 butchers 200-220 pounds at 16.25 to 17.00, 240-270 pounds 15.65 to 16.80, and sows 270-330 pounds 14.75 to 15.90, with lighter ranges for larger weights.
Receipts at Omaha reach 13 500 cattle with calves 500 as early sales run near steady. Load prime steer prices shown at 24 75 and choice 24 00 to 25 00. a few loads of choice heifers bring 23 00 to 23 75.
C R MARKETS Cedar Rapids hog prices Monday were a quarter lower. Prices paid Saturday were $15.75 to $17.10, with a few at $17.25. The bulk of 1s and 2s were $16.75 to $17.10. Packing sows 300 lbs down quoted $14.50 to $15.50. Eggs, wool, grain and poultry prices listed with various quoted ranges and weights.
In Chicago soybeans and September corn showed renewed activity in the final minutes on the Board of Trade. Prices moved higher while wheat fell about 34 cents, corn and oats held, rye fluctuated, and soybeans rose around 17 percent.
Chicago market prices show No 2 red wheat at 1.8334 per bushel, corn quot ed No 1 yellow at 1.35 1.36 and No 4 yellow at 1.32 2, oats No 1 extra heavy white at 67 cents, soybeans No 7 yellow at 2.67, and soybean oil at eight ninths.
Sioux City cattle receipts total 12 000 with calves 1 000. Steers held steady to 25 cents lower while demand for heifers was insufficient for a trend. Choice steers bring 23 50 per hundredweight.
AP USDA notes light supply of large and medium eggs with active demand. Extra heavy items show values around 39.2 to 40.2 cents per dozen, medium extras about 28.2 to 29 cents, standards 33.2 to 35.2 cents, checks 24.2 to 25.2 cents. Butter offerings also light with creameries quoted around 59.2 to 59.4 cents for AA and A grades.
The Chicago AP bulletin lists steady wholesale butter prices with various grades and cents per pound, eggs firm with whites and mediums priced from 26 to 39 cents, and live poultry with unchanged to slightly higher wholesale bids. Potatoes arrivals and shipments mirror moderate demand, russet markets around 4.00 to 4.50 with dull round reds and carrot track sales in Washington and Wisconsin.
Des Moines Gov Har old Hughes named Dr William J Moershel 44 of Cedar Rapids to the Iowa committee for mental health hygiene to succeed Dr Herbert C Merillat of Des Moines who recently resigned Moershel is a Amana High School graduate and a 1946 University of Iowa College of Medicine alum who has practiced in Cedar Rapids since 1948.
Men aged 30 to 50 with sales experience and a college degree or proven business success are invited to apply for positions in the general sales division and specialized sales. A two year guaranteed salary and bonus during training is provided along with group insurance and retirement benefits. Prior insurance sales experience unnecessary and thorough training is included. Contact W. Farmer, manager, 1st Ave Building Suite 302 EM 5-6983.
Notice that on September 10, 1963 at 8 PM the City Plan Commission of Marion Linn County Iowa will hear a request to reclassify Lots 1 2 3 and 15 Thomas E McGowans Twentieth Addition from A-1 Rural Restricted to A-3 Residential at City Hall 534 Eleventh Street Marion Iowa Objections may be filed with the City Clerk or raised in person at the hearing.
In Linn County Iowa the plaintiffs Clyde M Carroll Leland L Walters and Shirley A Walters sue defendants Civelyn A Lamprecht Lloyd Lamprecht and Clair R Ellis to establish absolute title to the north fifty feet of Lot 7 Block 6 Wellington Place Fifth Addition Cedar Rapids and remove any cloud on the title. The petition asks for quiet title and equitable relief with costs and sets a hearing by September 27 1963 unless defendants appear.
New York reports a world famous institute has developed a healing substance Bio Dyne found in Preparation H ointment and suppositories. It allegedly shrinks hemorrhoids quickly, relieves itching burning and pain, speeds tissue healing, lubricates bowel movements, and helps prevent infection under a doctor’s observation.
A classified ad seeks qualified salesmen from insurance book car sales and other sectors for a solid merchandising program with one of the largest corporations. Emphasizes top wages steady leads and potential earnings. Contact Mr Brown at 365 4201 04.
A dense cluster of 1940s era help wanted notices from Cedar Rapids and area. Listings include shoe salesmen at Montgomery Ward, house painting and papering, farm hand with four row equipment, dairy-free, insurance and pensions offered, national credit and collections posting, industrial salesman under 40, town house bellman, tractor and farm machinery mechanic, journeyman mechanic with benefits, ambi tious sales and service opportunity, automotive machinist trainee, shoe sales positions at Schiff's Shoes and Kinney's Shoes, plumbers and sheet metal workers, TV and radio technician, tree trimmer, and bus drivers for Linn Mar district.
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