Financial and Market News Stocks Slip from Peaks
New York stocks pulled back from session highs yet remained broadly higher in heavy trading. The Dow Jones average rose 8.08 to 810.72 at 2 p.m., volume at 16.15 million shares. Analysts cited falling rates, investor confidence in stimulus, and brokerage optimism about a new bull market as drivers.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Esterday
Loral Corp Bi
Sapaina
Fos
Lums Inc
Chris Craft led_ Associa
Ling Tem v
Ee New York
Dow Jones
Market report with livestock and grain prices noted
Prices on Cedar Rapids hog market fell 25 to 50 cents with Wednesday bids for bulk deliveries at 15.50 to 16.00. Sows and butchers varied by weight, packers discounts applied. Cattle, lambs, sheep and poultry prices listed with delivered grain quotes for No 2 yellow corn and soybeans.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Grains Rally To Close Up In Mixed Session
Chicago AP reports soybeans, corn and wheat futures fell early on profit taking and liquidation then rallied to finish mostly higher. Trade remained active through the session with soybeans up near 3 percent, wheat up about 1.7, corn around 1.5 and oats up 0.84 percent as of the December contracts.
MENTIONED IN THIS ARTICLE
Chicago
Grain futures prices mixed in Chicago report
Chicago AP notes Wheat No 2 hard red at 72 4n No 2 soft red 1.75 11n Corn No 2 yellow 1.52n Sag Oats No 2 extra heavy white 85 4n Soybeans No 1 yellow 2.93 2n Soybean oil 12.74n
MENTIONED IN THIS ARTICLE
Chicago
Chicago Produce Prices and Market Summary
AP reports Chicago wholesale prices for butter steady with slight gains for AA and A grades. Eggs also steady with whites grade A at 39 cents and other grades lower. Potatoes show light demand and overall dull market with limited track sales and round reds priced around 3.00 to 3.15 per cwt.
MENTIONED IN THIS ARTICLE
Chicago
Idaho
Minnesota
New York Produce Market Report Summary
Wholesale egg offerings are large and generally ample with irregular mediums. Demand is light. Standards range 3712 to 382. Whites show fancy large at 392 to 412, fancy medium 37 to 39, fancy small 37 1/4 to 34. Butter offerings are about adequate with good demand. Creamery butter at 93 score is 7242 cents, 92 score unalloted.
MENTIONED IN THIS ARTICLE
NEW YORK PRODUCE _ NEW YORK
USDA
Friday Estimate: 3000 Cattle Receipts in Chicago Market
Official USDA Friday estimate places cattle receipts at 3,000 for Chicago. AP notes market activity reflects steady demand and price signals amid regional trade data.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Chicago Livestock Prices Active Trade Cattle Steady
Chicago livestock market reports a small cattle supply with steady sales. Utility and commercial cows sell 17.50 to 19.00 with some high dressing utility at 19.25 to 19.50. Canners and cutters range 16.00 to 18.25, cattle numbers limited.
MENTIONED IN THIS ARTICLE
Chicago Livestock Chicago
USDA
Lamson Bros
Chicago
Mercantile Exchange
Pril
CeCe Ee Eeeseenaas
Iowa Hogs Trade Fell in Des Moines Market
Des Moines UPI reports hog market activity was fairly active with butchers mostly 25 cents lower and some 50 cent drops, sows steady to 25 cents lower. Estimated receipts Thursday 100,000, week ago holiday 78,000, Wednesday 126,000. Prices ranged across weights from 200 to 550 pounds with U S 1 3 and weight brackets listed.
MENTIONED IN THIS ARTICLE
Iowa Hogs Des Moines
UPI
U.S
Midwest carrot meat market report notes slow trade in Des Moines
AP update from Des Moines shows carlot Midwest listings with steer and heifer beef dull, limited sales and mixed price moves. Beef select grades hold or slip. pork cuts vary by weight with small losses. fresh bacon, hams, and bellies show scattered gains and steadier pricing across weight classes.
MENTIONED IN THIS ARTICLE
DES Moines
USDA
Boston
Omaha Livestock Market Report Summary
Omaha livestock market notes cattle 1,500 head calf run with steers and heifers steady while cows firm to 25 higher. Price ranges include choice steers 26.00 to 26.50, good to low choice 24.00 to 26.25, high choice and prime 975 to 1,000 lb heifers 26.15 with choice 25.00 to 26.00 and low choice 23.00 to 25.00. Utility and commercial cows 18.00 to 19.50, canner and cutter values end.
MENTIONED IN THIS ARTICLE
Omaha
Sioux City Livestock Prices Reported By UPI
Prices in Sioux City show steers steady to higher with choice steers 950 to 1250 pounds at 26.00 to 26.50 per hundredweight and choice heifers 850 to 1050 pounds at 24.50 to 25.50 per hundredweight. Cattie 2,500 calves none.
MENTIONED IN THIS ARTICLE
Sioux City Livestock
Sioux City
UPI
Cattie
Cattle Availability Report Cited by AP USDA
Sioux City area AP report notes cattle supply issues with 2 500 head herd status not available due to market or inventory constraints. Officials from USDA indicate fluctuating cattle numbers and pending allocations affecting regional availability.
MENTIONED IN THIS ARTICLE
Sioux City Livestock Sioux Erry
USDA
Unit Okays Egg Inspection Bill for Interstate Eggs
The House Agriculture Committee approved a bill to ban distribution of unwholesome eggs and their use in foods. It creates a federal state cooperative inspection system for interstate eggs, with six month effective date, federal reimbursements for state programs, and an initial annual cost of about five million dollars. States may require origin stamps on cartons and eggs.
MENTIONED IN THIS ARTICLE
Washington
House Agriculture Committee
Rain Nightmare In L A Suburbs
Los Angeles area residents in Malibu and Newhall fear mud slides as nighttime rain returns. Hillsides stripped by September brush fires leave soil vulnerable to floods and avalanches. Heavy weekend rainfall, up to 9 inches in remote zones, triggered slides.
MENTIONED IN THIS ARTICLE
Los Angeles
Malibu
Newhall
New York Postal Union Leader Deposed in Upset Vote
Gustave Johnson, president of Branch 36 of the National Assn of Letter Carriers, was defeated for re election by Vincent Sombrotto of Port Washington. The union, representing 6500 Manhattan and Bronx mailmen, walked off the job last March 18 and sparked strikes in several cities. Johnson faced criticism for leading the strike, while Sombrotto and 19 other rank and file candidates won the party slate.
MENTIONED IN THIS ARTICLE
NEW York
Gustave Johnson
National Assn. of
Vincent Sombrotto
Port Washington
N. Y
Manhattan
Bronx
Johnson
Sombrotto
Rank and File Party
Delta Queen Bill Hits a New Snag in Congress
The Delta Queen exemption from the 1966 safety at sea law stalls again as Ohio Republican William McCulloch postpones a planned House vote due to lacking support. The Senate has already agreed to the exemption. The paddlewheeler remains mostly wooden despite the rule requiring metal superstructures for ships with 50 or more passengers overnight.
MENTIONED IN THIS ARTICLE
Washington
Congress
Ohio
William M. McCulloch
House
Mississippi
McCulloch
Senate
SEC Action Over Sale of Lum's Stock
The SEC accuses Lum's Inc and affiliated firms including Investors Diversified Services Lehman Bros and four individuals of using inside information to dump about 1.5 million in Lum's shares. The complaint cites officers of IDS funds selling 83000 shares for 1.453 million after learning of weak earnings, with Lum's stock price sliding from 17 to 14 per share after the NYSE halt. The suit seeks an injunction and alleges chain COO Melvin Chasen disclosed the poor earnings to Lehman Bros salesman Benjamin Simon who relayed it to IDS personnel then sold their Lum's holdings on January 9.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Lum’s, Inc
New York
SEC
Lum’s
Lehman Bros
Investors Diversified Services, Inc
New York Stock Exchange
Melvin Chasen
Benjamin Simon
Chicago
Simon
Eugene Sit
Diversified
Sit
James Jundt
IDS
Jundt
Lum
Chasen
Pleads Innocent in Vehicle Tampering Case
Clifford Ayers, 22, of 1690 C avenue NW, pled innocent in municipal court to injuring or tampering with a motor vehicle. His trial is set for March 5. He is charged with maliciously breaking an aerial on a car and posted a $110 bond to be freed.
MENTIONED IN THIS ARTICLE
Clifford Ayers
C Avenue NW
Man Denies Contributing To Delinquency Charge
Kenneth Taggart, 24, of 916 Twenty second Avenue SW, pled innocent in municipal court to contributing to the delinquency of a minor. Trial set for next jury assignment. He is charged with failure to support a minor child and was released on his own recognizance.
MENTIONED IN THIS ARTICLE
Kenneth Taggart
Twenty-second Avenue
Vicious Fighter Raccoon Provoked Fights in Neighborhood
A raccoon provoked into aggression displayed vicious fighting behavior in a neighborhood encounter. The animal lunged and swiped at residents and pets, prompting calls to animal control. Authorities advise avoiding contact and securing trash to deter future encounters.
Widely Used Diet Pill Taken Off the Market
Washington AP The FDA announced that after two years of effort it has recalled a once popular diet pill made of synthetic thyroid hormone and amphetamines. Lemmon Pharmacai Co Sellersville Pennsylvania agreed to pull 3.3 million tablets and capsules valued at 100000 under a federal court order.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
FDA
Lemmon Pharmacai Co
Sellersville
National Academy of Sciences - National Research
Extra Dividend Declared by Square D Board
PARK RIDGE Ill The Square D Co board declared an extra cash dividend of 15 cents per share and a regular quarterly dividend of 20 cents per share both payable Jan 2 to shareholders of record Dec 15. Total for 1970 reaches 95 cents per share, matching 1969. Walter G Nollenberger elected vice president group manager and Robert E King named commercial vice president. Nollenberger oversees operations of the Peru Ind plant and eight U S assembly plants. He joined Square D in 1945 as a tool and die designer and has held multiple management posts.
MENTIONED IN THIS ARTICLE
Park Ridge, Ill
Square D Co
Walter G. Nollenberger
Robert E. King
Nollenberger
Peru
Ind
U. S
Square D
Lexington
Cedar Rapids
Cleveland
Wayne State University
Detroit
Cross & Company Inc Dissolved in Cedar Rapids Iowa
Notice states the Iowa corporation Cross & Company Inc with principal business in Cedar Rapids Linn County was dissolved by unanimous stockholder action and the separate business terminated November 30 1970 dated November 30 1970 signed by B M Cross president and Robert O Daniel secretary
MENTIONED IN THIS ARTICLE
Oissolution
Cross & Company, Inc
Iowa
Cedar Rapids
Linn County
Y B
Notice of Probate of Will and Appointment of Executor
Probate in Linn County Iowa for Ruth E. Smith Deceased. The Merchants National Bank of Cedar Rapids appointed executor. Creditors must file claims with the clerk within six months from second publication. action to set aside the will must be within one year. Date of second publication December 10, 1970. Cedar Rapids Iowa.
MENTIONED IN THIS ARTICLE
District Court
State of
Iowa
Linn County
Ruth E. Smith
Merchants National Bank of
Cedar Rapids
Silliman, Gray & Stapleton
Katharina W. Gilbert
Katherina W. Gilbert
Katherine W. Gilbert
Probate of Katharina W. Gilbert Names Executor
Probate No 36435 for Katharina W. Gilbert deceased indicates a hearing on April 3 1965 and that The Merchants National Bank of Cedar Rapids was appointed executor of the estate. The notice urges filing for allowance unless otherwise stated in the second publication by Keyes and Crawford.
Iowa Electric Cleared for Stock and Bond Sale
The federal power commission approved Iowa Electric Light and Power Co. to issue 15 million dollars of 30 year first mortgage bonds and 50 000 shares of preference stock. Price and interest must be approved first. Proceeds fund part of the 1970 construction program and retire about 10.5 million dollars of short term borrowings. The 1970 construction cost is estimated at 31.2 million dollars.
MENTIONED IN THIS ARTICLE
Washington, D. C
Federal Power Commission
Iowa Electric Light and Power Co
FPC
Iowa Electric
Cub Scouts honor Hayes school awardees Pack 2
Kevin Detert David Horsky Gene Michalec Robert Lang David Edgington Craig Walters Tony Camensch Wayne Wright Brad Crandall Mike Franck Mark Felberg Alan Becicka received awards recently at Hayes school.
MENTIONED IN THIS ARTICLE
Hayes School
Kevin Detert
David Horsky
Gene Michalec
Robert Lang
David Edgington
Craig Walters
Tony Camensch
Wayne Wright
Brad Crandall
Mike Franck
Mark Felberg
Alan Becicka
Odd Couple Parrot Funeral Sparks TV Laughs
Felix and Oscar clash over funeral plans for Felix parrot on The Odd Couple at 8:30 PM Thursday on Channel 9 KCRG TV. Felix demands an elaborate service while Oscar favors cremation in the incinerator, provoking a comic dispute.
MENTIONED IN THIS ARTICLE
Felix
Oscar
Channel 9
Kcrg-Tv
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Fansteel Inc
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Hercle
Alva
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HollySu
Omes
AMBA
Hongwil
Am _ T&T
We Inc
AMP Inc
Ae Va
Ampex Corp
Iowa_ Beef
Ancorp Sy
Nc Oc
Vaitek Corp
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Armc
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Das
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imbCik
Beckman
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Ye Gosees
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TimesMir Timken
UN Carbide
Pacif
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Bae
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Postal Union
Delta Queen
Bill
Keyes and Crawford
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