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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Dec 15, 1970

Page

12

Financial and Market News Shares Bounce Back

New York stocks recovered from earlier losses in moderately active trading. The Dow and broader market narrowed the loss to about 7 to 5 in favor of declines over advances as profit taking weighed on prices. Memorex trading paused on the Big Board awaiting a company announcement planned for 6 45 p.m. Memorex last traded down 7 5 to 73 5. Manufacturers Hanover was.

NEW York New York Exchange Memorex Hanover

Iowa Interest Stocks Rise Amid Exchange Updates

The report lists various equities and percent changes from the New York Stock Exchange and Amex after market moves. Notable entries include Amrep and Puritan Fashions with mixed performance, while Xerox and Zale show substantial percentage shifts as of today’s close.

New York Ceew Stock Exchange

Grains end on high note in Chicago market report

CHICAGO AP soybeans rose nearly five cents on heavy buying and short covering. Corn and wheat gained about two cents as oats rose 14.2 cents. Soybeans closed about 5 higher for January at 2.9642 per bushel, with corn up 2, Dec price 1.50 percent, wheat up 2 percent, Dec price 1.64 percent, oats around 1 percent higher for Dec at 85.

Chicago

$800 Loss in Cedar Rapids House Break In

A house break in Monday in Southwest Cedar Rapids netted burglars but valued in excess of $800. Maynard Hall reported his home at 5720 Colorado Drive SW was entered and a 500 dollar color television set was taken. Four shotguns and a .22 caliber rifle were stolen, valued at about 375 dollars.

Cedar Rapids Maynard Hall Colorado Drive

Industrial Output Dips 0.6 Percent in November

Washington AP report shows industrial production fell 0.6 percent in November due to declines in business and defense equipment and in industrial materials, as released by the Federal Reserve Board on Tuesday.

Washington Federal Reserve Board

Chicago cash grain market report summary

Chicago grain prices show wheat at 1.63 for hard 1 class and soft red 1.70, corn No 2 yellow at 1.52, beans No 1 yellow at 2.92, and oil 12 cents per unit amid AP transmission from Chicago market desk.

Chicago

Chicago Produce Market Dull As Prices Mixed

UPI report shows total shipments 224 arrivals 20 track 92 and light supplies with fair demand in Chicago. Idaho Russet Burbanks sell 5.00 late Monday and Minnesota North Dakota Red River Valley round reds fetch 2.80 early Tuesday amid a generally quiet market.

Chicago UPI Idaho

Egg market report from New York on Tuesday

New York wholesale egg offerings were generally adequate with fair demand. Standards 40 to 41 1/2 for nest Fancy large price 42 to 44, Fancy medium 38 to 40, Fancy small. Butter offerings at penny prices. Creamery eggs quoted scores 93 and 7 1/34 to 7 2/4 cents per dozen. Irregular demand overall.

New York USDA

Wednesday Estimate Receipts For Chicago Demand Declines

Official USDA figures show Wednesday receipts for Chicago totaled 5,500 head. The report notes data fragments indicating potential market activity but lacks full detail.

Chicago USDA

Chicago cattle market report shows varied pricing by class

Chicago cattle prices from AP and USDA show slaughter classes steady with prime steers at 1337 pounds yielding 28.00 for yield grades 3 and 4. High choice prime loads 1000 to 1175 pounds range 27.75 to 28.00, choice 1000 to 1200 pounds 27.00 to 27.75, and high choice 940 to 1025 pounds heifers around 26.50. Mixed good and choice 825 pounds cows around 25.75, utility to commercial cows at 17.25 to 75.

Chicago USDA

Iowa Hog Prices and Trade Activity Report

Des Moines based market roundup notes active trade and steady to 25 cent lower prices for butchers, with sows steady. Estimated receipts: 100000 Tuesday, 114000 week age, 87000 year age, 104000 Monday, and UPI data on live hog weights and price ranges across several weight brackets.

Iowa Hogs Des Moines UPI U.S

Dressed Meats Market Report From Des Moines Area

USDA-AP Midwest carrot meat trade update notes steady steer and heifer beef while pork shows price gains. Boston butts and skinned hams move within narrow ranges with varying weights, seedless bargains and 14 to 20 pound skinned hams listed, prices shown for 39 to 42 dollars per hundredweight and related cuts.

DES Moines USDA Mont Sere Midwest Boston

Cattle market report from Omaha dairy and beef sales

Omaha cattle trade notes 7500 cattle and 75 calves sold with steers and heifers steady to strong, cows steady. High choice and prime 1050 to 1225 lb steers at 26.50 for a load of 1275 lb, choice 25.75 to 26.75, good and low choice 24.00 to 26.00. Heifers 850 to 1053 lb at 25.00 to 26.15 for choice, good and low choice 24.25 to 25.75, utility and commercial 17.50 to 19.00, canner and cutter 16.00 to 17.00.

Omaha UPI RTLE Weghorn

Grain and hog market roundup from Cedar Rapids Tuesday prices

Prices for No 2 yellow corn at 1.32 a bushel and No 2 yellow soybeans at 2.78. Oats at 0.70 per 38 pounds. Hog market stayed steady Tuesday with country and plant delivered butchers 200 to 230 pounds at 15.00 to 15.50. Packers and heavier hogs saw discounts by weight with various reductions for weights above 230 pounds.

Yi Indus Med Cedar Rapids

New Mexico State Fair Hobby Show Showcases 25000 Items

Albuquerque AP notes about 25 000 items displayed annually at the state fair hobby show. Exhibits include gem and button collections and antique automobiles.

Albuquerque New Mexico

Sioux City Livestock Prices Report

Sioux City market notes cattle 5,500 head with no calves. Slaughter steers steady to strong and heifers steady. Choice slaughter steers 950 to 1,250 pounds fetch 26.00 to 26.50. Choice slaughter heifers 850 to 1,050 pounds bring 25.00 to 25.50.

Sioux City

Paris Renames Etoile Circle as Place Charles de Gaulle

In Paris the Etoile at the Champs-Elysees was renamed Place Charles de Gaulle three days after De Gaulle’s death. Premier Chaban-Delmas attended the ceremony with Didier Bel. Police moved to clear several hundred protesters shouting both pro and anti renaming chants.

Paris Charles de Gaulle Champs-Elysees de Gaulle Jacques Chaban-Delmas Etoile Didier Belfour Charles de Gaulle- Etoile

Postal Service Says Zip Code Directory Is Not Official

The U S postal service accuses a firm of false representation for selling a National Zip Code Directory by mail as an official guide. If a civil decision becomes final, the post office could stop deliveries to the firm’s boxes in Washington and Silver Spring. The 122 page directory was sold for 2 50 under the same title as the official 1 733 page guide priced at 10.

Washington UPI U. S. Postal Service Postal Service D. C Silver Spring

Albert C Fritz 79 Dies in Iowa Community Rites Thursday

Albert C. Fritz 79 a farmer from the Walker area died Monday in a Cedar Rapids hospital. Born November 26 1891 in Maugunsville Pa he married Anna A Ockenfels May 1 1917 at Norway. Survived by wife five daughters two sons 32 grandchildren and 14 great grandchildren a brother and a sister. Services Thursday at 10 am at St Marys Catholic Church Urbana burial at St Marys Cemetery Spencers Grove. friends may call Murdoch chapel Walker after 7 pm Tuesday Rosary Wednesday at 8 30 pm

Walker Albert C. Fritz Cedar Rapids Maugunsville Anna A. Ockenfels Norway Fritz St. Mary’s Catholic Church Urbana Paul Duello Brandon Don Hall Carol Erland LaPorte City Paul Smith Center Point Ronald Haddad Santa Maria Calif Lester Melvin John Riverside Nan Fritz Williamsport St. Mary’s Spencers Grove

Jerry A. Whitmore Accused of Assault

Jerry A. Whitmore aged 54 of 412 Fourth Street SW was arrested Monday on an assault and battery charge. His wife Elsie filed the accusation before Justice Glenn Powers alleging a Dec. 14 beating. Whitmore appeared in court with a preliminary hearing action due Friday and is held in Linn county jail on $110 bond.

Jerry A. Whitmore Fourth Street Whitmore Elsie Justice of the Peace Glenn Powers Powers Linn County

Safety gains cut U S highway deaths in 1970 despite more driving

Government auto safety chief Douglas Toms says the 1970 death toll should fall to about 55,300, a 2 percent drop from 1969, with a possible 7 percent decrease in 1971. Safer equipment including lap belts energy absorbing steering columns and impact resistant glass are credited, alongside road and licensing improvements. Toms notes ongoing pressure for further auto safety upgrades such as air bag systems.

Washington Toms Ralph Nader Detroit

Andrew Pohlena Plant Sold to Cedar Rapids Buyer

Andrew Pohlena Plant, maker of meat products at 927 Second Street SE, has been sold to Donald Cerwick of Cedar Rapids. The plant will keep its name under Cerwick, sale effective December 1 with the retirement of Andrew Pohlena. The business began about 200 years ago as Kapoun and Pohlena, with Andrew taking sole ownership three years later and running it with his son Milton.

Andrew Pohlena and Son Donald Cerwick Cedar Rapids Second Street Cerwick Andrew Pohlena

Panel Urges Massive Govt Drive to Fight Heart Disease

A 100-expert commission urged a federally funded nation wide program to prevent coronary heart disease. The plan calls for revamping food production, diet changes, ending cigarette advertising, and screening and treating high blood pressure, with a long term national policy on preventing atherosclerotic diseases. President Wright of Cornell urged action in the 1970s and a high level panel to direct studies on diet’s role.

New York Inter-Society Commission For Heart Disease Resources American Heart Association U.S Commission Irving Wright Cornell University Medical College Wright

Spain Faces Arrest Rites as Franco Extends Emergency Powers

Gen Franco authorized unlimited arrests across Spain after a one hour cabinet meeting as verdicts near in a Basque separatist trial. Prosecution seeks death for six, and long prison terms for ten accused of rebellion and terrorism amid riots and a kidnaping of West German Consul Eugene Reihl. Three hundred artists protested a trial at Montserrat monastery.

Madrid Franco Spain Eugene Reihl San Sebastian Beihl Burgos Montserrat Monastery Barcelona

Ancient hunters wore helmet and collar to wade near waterfowl

A historical note describes Chinese hunters in ancient times using a helmet and a large collar to float close to birds undetected, enabling them to seize waterfowl by hand. The fragment mentions Kane Senter Siey FRO Weik tat- as a source or attribution.

Kane Senter

C R Man Elected As Director Of Hy Vee Stores

Lyle DeMoss manager of Hy Vee store No 4 1556 First avenue NE named toHy Vee Food Stores Inc board for 1971. Dwight C Vredenburg reelected president. Ralph Baker Wilson B Clemons Marion M Coons and Al Swanson named vice presidents. Coons as treasurer. D R Davidson and Harold Stange named assistant vice presidents. Kenneth Crist named controller and secretary. Vernon Scott named assistant secretary. Hy Vee Food Stores headquartered Chariton operates 76 grocery outlets in IA MO MN and three Drug Town stores. 1970 sales exceed 164000000 a company record.

Lyle DeMoss Hy-Vee First Avenue NE Hy-Vee Food Stores, Inc DeMoss Dwight C. Vredenburg Ralph Baker Wilson B. Clemons Marion M. Coons al Swanson Coons D. R. Davidson Harold Stange Kenneth Crist Vernon Scott Hy-Vee Food Stores Chariton Iowa Missouri Minnesota Drug Town

More Reductions In Employment By Collins Radio

Collins Radio announces further personnel adjustments as business slows in aerospace and electronics. Cedar Rapids plant employment fell to about 8,000 in December from a peak above 12,000, with both production and professional workers affected. Other Collins facilities face similar cuts amid Boeing 747 reductions.

Collins Radio Co Collins Cedar Rapids Boeing Aircraft

Open House in NDP Thursday Oak Hill and Riverside

An open house for the Neighborhood Development Program in Oak Hill and Riverside is set for 1 30 to 8 p m Thursday at the Riverside roundhouse 40 Fourteenth Avenue SW City planning staff and consultants will answer questions on all phases of NDP If weather is bad Thursday the event will be postponed to Friday

NDP Oak Hill Riverside Riverside Roundhouse Fourteenth Avenue SW City Department of Planning and Redevelopment

Governor Magoffin Resigns in Civil War Kentucky

In 1862 Beriah Magoffin resigned as Kentucky governor due to sympathies for the South. He was succeeded by James F. Robinson.

Frankfort, Ky Beriah Magoffin Kentucky James F. Robinson

Also Mentioned on This Page

Amex California Amrep Tenneco Xerox Zenith Associated Press Piper Jaffray Am Ins Bank of Iowa Beatle Foods Clinton Seeve United Group Svete Reece Life Invest APCO Mapco A. Eheere Mid-America Son and Seeeee Sir Bo Va Phill Pet Pitney tSulf Anco Inc Joe Ei Kyrra Rdig Bates Halliburt SanFelnt Harris Int Schenley Ennix Sa Hering Ve Oral Corp Dow Jones Hollysun Va Ears Honywil Aer Rand Sperry Ad Miliiner Ls Ai Aba Wee Ran Ibb Ds Int Minera Kollsman Admini AlcanAlu Lona Psv al Alea Co Ster Drug Stevens J Alleg Pw J-K SindWor Va Jewel Co John John Swift Co Va JonLogn AMBAC JonLau SectaTons Am Airlines Lamson Kaisr Alum Ae Tampa el Igh Lowier Kan G Tektronix Sneer Teledy Telex Texetrn Texas Sie Krattco The Mercantile Exchange Tuesan Thiokol Neeseae Tree Todd AT& Am_ TT Ay LearSieg Trans AMP Inc Tricon Rae Sisee Va Ee Unocal Puente Atl Atlas Chem Cukensstl Union Paci Atlas Avco Cp Uniroyal Fo Lyk Yng Air nBra Uni Cp Unit Macke Co Ea US Gypsm Ul Macy US Indust US Steel Beech Air Univ Univ Or Court Siva Va Benguet Maytag Beth St Meadorp Varian Assoc Boeing Co Borden BoisCas Va Mercan WnUnion Bu Co Minn VW Weyerhs Bulovan Bunkr Ramo Mobil Oil Whittaker Ag Ae Burrghs Cadence Caican Ind Nat Airline CartWal Atcasne Moi Indust Ead Cessna Nat Steel Corp Cooperin Owen I CorGin Cowles Cox Bocstom PC Intl Pac GE rouseHind Pac Petrl Va CronZel Va PanAmSs Udahy Va PanAm_ WaAir CurtissWr Panh Penn Cent DanRivr PennDix So Penney Cc PaPwLt Dillon Co Disney Lamson Brothers Iversind Duke Pw Air Lin Beline Air Hill C.R Chicago Livestock Omaha Livestock C.R. Markets Neq Cochran Douglas Toms Transportation Department National Highway Safety Bureau Pierrelongue France C.R. Man Hy-Vee Stores Collins Radio
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