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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 30, 1963
Page
6
Stocks closed irregularly higher as motors and electronics shares rose while others lagged. Trading intensified late with about 4.1 million shares. volume compared with 5.1 million prior session. Market moves remained cautious ahead of Labor Day. Sioux City livestock prices show steers and heifers steady with prime lots around 25.00.
The Friday hog run rose to 6,500 head with shippers taking about 70 percent. Prices remained mostly steady across classes, led by 1-2 200-230 lb butchers at 17.25-17.50, and 1-3 190-250 lb hogs at 17.00-17.25. Cattle supplies reached 5,000 with slaughter steers holding steady and prime loads around 25.50 per 1,350 lb. Sheep and lambs also showed steady to firm pricing in varied weight ranges.
UPI dispatch from Omaha notes Calves fame Slaughter setts and heifers hold steady. Choice 1,075 to 1,375 pound loads around 24.00 to 25.00, with prime loads at 25.00 and heifers trading 23.75 to 24.25. A portion of loads quoted at 24.50.
Rapids Equipment Company workers faced vandalism as 22 tires on 12 cars were slashed and a windshield smashed. A brick was thrown at Henry Harper’s home later at night, and Elwood Paul found the windshield damage the next morning. The plant at 220 Sixth Street NW remains involved in a Teamsters strike.
The board of directors of American Re-Insurance Co. of New York declared a regular quarterly common stock dividend of 30 cents per share. American Re-Insurance is the parent of Inter-Ocean Reinsurance Co. of Cedar Rapids. Dividend payable Sept. 16 to stockholders of record Sept. 6.
UPI reports Iowa hog markets with prices largely steady to up to 25 cents. Estimated Friday receipts 40,000. week-ago 46,000. year-ago 53,000. Hogs ranged with U S 1-3 200-220 lb at 16.00 to 16.75. 220-240 lb at 15.85 to 16.65. 240-270 lb at 15.30 to 16.50. U S 2-3 270-300 lb 14.75 to 15.80. Sows 270-330 lb 14.75 to 15.75. 330-400 lb 13.75 to 15.00. 400-550 lb 11.75 to 14.00.
A fragmented table from Waterloo shows price points for lamb and meat cuts across weight ranges. Entries include 140170 Ibs at 12.50 and 170-90 Ibs at 13.34, with several other weight bands and prices like 180-190 Ibs at 14.25 and 450-500 at 95.
Cedar Rapids prices held steady Friday with Thursday’s bids at 15.00 to 16.35 dollars and most hogs trading 16.00 to 16.35 dollars. Packing sows at 14.00 to 15.25 dollars 300 lbs and lighter butchers discount by weight, and grain quotes list corn at 0.20, soybeans at 2.38, oats at 0.67.
Chicago Market notes show soybeans unmoving with minor spot dips before more buy orders. Wheat rises 4 to 15 percent while corn and oats edge vary and rye climbs. cash prices list grain grade details and no soybean sales.
Wholesale egg offerings are light with demand fair to active. Extras noted at 409 41a per 47 lbs, extras medium 30 2 3 2 for 40 lbs, standards 31 32a, checks 25 26. Butter offerings are light with demand active. Creamery butter AA 93 score 59 59 12 cents, A 3 score 59 594, B 90 score 58 4
Bruce G. McKay, 17, of 640 Cottage Grove SE, received a work sentence after a fine for failing to control his vehicle. Judge Loren M. Hullinger ordered $10 be paid off by city work at $1 per hour after the Wednesday night crash on Twenty-seventh Street Drive SE that sent his car into a second and then a third vehicle.
Detectives investigated an overnight theft of 57 dollars in cash at Elins Cities Service station on Center Point Road NE. A man sneaked in before closing at 10 p.m., hid, then took the money and exited through a garage door. Police found the open door after a company executive reported a man running across the back lot.
The terms for Glade Butterfield of Mc Gregor and Wayne Giese of Marquette on the Mar-Mac school board expire. Butterfield will run for another term.
Manon Vows Principal Roger Messerly outlines the opening schedule for kindergarten at Emerson school with a morning group at 9 15 a m and an afternoon group at 10 30 a m based on birth dates. Attendance follows parental arrangements.
Labor Day marks the final day of the swimming season with all city departments closed except public safety. Police and fire remain open, as does the Legion Memorial pool. The library and city offices close, with library hours shifting to 8:30 p.m. future evenings starting Tuesday.
The Marion branch YMCA will reopen Tuesday with no programs in the first week. Facilities will be open to all ages, said secretary Serle Deaver. The Marion post office will be closed for Labor Day with no delivery or window service on Monday. Mr and Mrs Donald Stanford and sons returned Thursday from Northfield Illinois where they visited the Booths.
Investors counsel from Sam Shulsky weighs growth versus income stocks for a couple in their 40s with PG&E and Pacific Power & Light holdings. He notes 4 to 5 percent returns from income shares and higher yields from growth sectors, warns about tax bite, and cautions against tying future funds to bonds. He suggests mixed growth and income lists and a monthly investment plan with an inheritance in mind.
Iowa’s overall employment climbed to 1,229,600 in July, up from 1,226,300 in June and 1,202,000 a year earlier, while unemployment dropped to 30,600. Seasonally adjusted jobless rate fell to 2.7 percent, with pay and hours slipping slightly from June.
Washington AP report says two union representatives H E Gilbert and R H McDonald were named Friday to a seven member arbitration panel in the railroad dispute. Carrier reps J E Wolfe and Guy Knight were also named as their side. The four will meet Wednesday to choose the three neutral arbitrators to complete the panel.
John Shuell aged 68 of 408144 A avenue NW was treated at Mercy hospital after a Friday 8 12 p m fall on Sumner street NW suffering cuts and bruises. Another injury involved 3 year old Hart Bohlander of 2435 Bever avenue SE who bruised his leg after colliding with a moving car near home. Aspirin overdose sent Gerald Clouse 28 of 246 Eleventh street NW to St Luke's hospital in fair condition. A 1447 Miami drive NE resident John E O Brine underwent emergency appendectomy at St Luke's with visitors welcomed. Numerous ads note parades of food events and sales at local venues.
Special to The Gazette OELWEIN three people were injured when a car driven by Kenneth Everett 16 Hazleton struck a car halted for a U turn on Highway 150 a quarter mile south of Oelwein at midnight Thursday Lynn Zacharias 16 remained hospitalized Friday with a head gash Mary Kay Nicolay 16 and Leland Ellis 20 both of Oelwein were released Everett and two passengers were uninjured Ellis was charged with making an improper start from a stopped position.
A brief inventory lists refined grits and paper bags containing dextrin and sugar, with 70 and 80 count bags. The record also notes crude corn oil shipped in tank cars.
Notice from Linn County Iowa that Cedar Rapids Community School District will hold a regular school election on December 9, 1963, to elect two directors for a 3 year term and one for a 1 year term, plus a member of the Linn County Board of Education for a six year term. Polls open 1 AM to 7 PM Central. The district is divided into 35 precincts with specified polling places, including City precincts and separate precincts for areas outside Cedar Rapids city limits such as Monroe and Marion townships and the town of Hiawatha. Polling locations include Y M C A, Adams School, Benjamin Holmes School, Arthur School, Jackson School, Grant School, McKinley School, Jefferson High, Garfield, Lincoln, Wilson Junior High, Eisenhower, and more, with a separate precinct for Town Water Works Building in Hiawatha.
Notice of the regular meeting of the Cedar Rapids Board of Adjustment on September 91 1963 at 3 00 p m on the 4th floor City Hall Cedar Rapids Iowa. Appeals include Docket 19-1963 amended appeal at 1015 Center St N E Docket 24-1963 512 Memorial Dr S Cedar Rapids to allow a 5 ft side yard and new street. Docket 25-1963 1101 Oakland Rd NE Assembly of God Church to modify off street parking for a 32 by 68 addition reducing parking by 12 spaces. Details on file with the secretary and Building Official. Public meeting.
Linn County IA Board of Supervisors schedules a public hearing for September 10 1963 at 10 30 A M in Room 103 Linn County Courthouse Cedar Rapids to consider plans specifications and contract form for replacing the boiler system at Linn County Home. Documents are on file with the County Auditor for inspection and objections may be filed prior to or at the hearing. Dudley Henderson Chairman.
Notice to Linn County electors states the regular school election will be held at the main elementary building cafeteria on September 9, 1963 from 12:00 noon to 7:00 PM. A three year director term will replace Mrs Beesne and Norval and Arlina Hughes terms. A six year County Board of Education seat for area Vena 4 will replace Margaret Gyr. James Frazee, secretary.
Agnes Feiereisen is appointed executrix of Christina Hasik deceased of Linn County Iowa on August 29 1963 and is authorized to collect debts and settle claims of the estate. Those indebted must pay promptly and claimants should file verified claims with the Linn County District Court clerk. Imogen B Emery serves as attorney for the estate.
On August 29 1963 Pauline Dorothy Howard is appointed executrix of the estate of Steve Condas also known as Steve Condas late of Linn County Iowa deceased. All debts must be paid to the undersigned and all claims filed with the Linn County Iowa District Court clerk. Wm G Faches attorney.
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