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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 23, 1968
Page
8
Year end profit taking drives a sharp stock dive on the New York Stock Exchange with more losses than gains. IBM Polaroid Xerox lead declines while Amerada and Hess Oil rise on merger news. Market sentiment cites tight money higher rates and fears of a money crunch.
AP reports official Tuesday receipts show 2000 hogs and 4000 hogs estimated with no sheep estimates. Butcher hogs gained 50 cents to 1 dollar from Monday. Slaughter steers and heifers rose about 50 cents, some steers up 75. Wooled slaughter lambs held steady.
Chicago auction writes hogs at 50 to 1.00 higher and cattle at steady to higher, with ranges for various weights and grades. Des Moines notes trade slow, demand good, hogs up to 50 cents, sows steady to 25 cents higher, with receipts around 50,000 Monday and mixed weight classes listed.
Prices on the Cedar Rapids show market Monday were 25c higher. Saturday bids for bulk country and plant delivered butchers weighing 200 to 230 pounds ranged $19.00 to $19.25. Packing sows 300 pounds down were $15.75 to $16.00 with discounts by weight.
Solon-Ray Pertlicek, once a Solon resident and grocer until 1948, died Saturday in Chicago. Memorial services set for 9 am Tuesday at a Grand Rapids Minnesota Catholic church, with burial in Grand Rapids.
Prices for sheep cattle lambs at 25.00 and 23.00 with grade ranges 21.00 to 19.00. Poultry rates for Leghorn Hyline cocks and hens up to 4c. Eggs listed by size with assigned prices. Grain quotes show corn 1.03 and soybeans 2.46 1/2 with oats 0.64 per 38 pounds, delivered Monday.
CHICAGO AP Wheat futures fell about 2 cents a bushel amid broad liquidation. Trade was slow due to year end holidays. At close wheat dropped around 5 to 6 cents, corn and oats fell modestly, rye slipped, and soybeans held steady to slightly lower.
A Chicago cash grain brief shows yellow corn bids at 1.16 and 1.08 for various Nos. and white oats and soybeans priced around 2.60 and 2.59 with canola oil noted at 8.63. The fragment lists several grade numbers and prices for corn oats soybeans and oil.
Chicago AP reports butter steady with varied scores and mixed price cues, eggs steady to firm with unchanged to higher wholesale bids, and potatoes arriving at 101 on track 182 as total U.S. shipments for Friday through Sunday total 214 143 3. Round reds show strong demand while russet Bur Banks move slowly amid a generally dull market. Minnesota Red River Valley round reds priced 2.45 to 2.50.
Wholesale price notes list offerings and demand. standards 45 47 and whites fancy large 492 51 fancy medium 4712 482 fancy smalls 31 32. Butter offerings show good demand with creamery 93 score AA 69 34 70 cents and 92 score A 69 2 69 2.
Coast guard craft scours eastern Caribbean waters off the Grenadine islands for at least 41 missing after the auxiliary schooner Federal Queen capsized while returning Christmas workers and islanders from the Grenadines. Forty eight? No. There were 38 known survivors.
President Johnson gave Joseph Barr a recess appointment as secretary of the treasury for the remainder of the administration. Barr, the under secretary, replaces Henry Fowler whose replacement took effect December 20.
Hayward California reports that 83 lighted ornaments in red green and amber along the main street were installed by the Downtown Merchants Association at a cost of 13000 dollars as a Christmas greeting but the highway division ordered them turned off as drivers confused them with stop go and caution signals.
Cattle numbers around 4000 with calves about 400. Steers and heifers advanced by roughly 25 to 50 per head. High choice and prime 1150 lb steers at 29.75, 975 lb heifers around 28.50 to 28.75, cows mostly 14.50 to 16.50.
Sioux City cattle scene shows 2,500 head with 700 calves and steers and heifers up 25 to 50 cents in strong trade. Choice 1050-1160 lb steers fetch 27.59 to 28.25 while choice 916-950 lb heifers bring 27.00 to 27.75.
The article notes the revival of the MVD initials, now MOOP, in the Soviet Union under Col. Gen. Nikolai Shchelokov. It discusses implications for crime control, public order, and potential shifts in power amid concerns among intellectuals and fears of a Stalinist drift.
Washington reports radio and television newsman Raymond Swing died in his sleep at home Sunday night. The veteran broadcaster began commentaries for the BBC and CBS in 1935 and later worked with Mutual and ABC networks.
William Doyle the national commander of the American Legion calls the move to Monday holiday observance a distortion of history and an accommodation to the dollar. President Johnson says peace is possible, not attained, warning that more battles lie ahead.
District of Columbia police seek an unarmed robber who entered Public National Bank in Washington on Thursday. He took a Christmas stocking from the wall and fled with an undisclosed amount of cash from a cashier's drawer.
The pattern explains knitting a one piece blouse from neck down in 3ply fingering yarn with a roll collar and a diamond framed yoke. Pattern 815 covers sizes 32 to 38 and includes mailing costs and handling details to Laura Wheeler at The Cedar Rapids Gazette in New York for purchase.
In Rome the center left government of Premier Mariano Rumor won a decisive confidence vote in the Chamber of Deputies 351 to 247. The program includes school and economic reforms aiming to avert chaos.
The appellate division unanimously reversed Leroi Jones’s conviction for carrying two revolvers during the 1967 Newark riots. The panel faulted Judge Kapp’s jury charge as unfair and also overturned Jones’s contempt of court conviction for remarks to the judge.
Rome faced a 24 hour halt of all public transport after a nationwide strike. Traffic jams and lateness disrupted workers, and last minute Christmas shopping was affected across the city.
Advertisement for Anne Adams patterns describes Printed pattern 4761 with multiple half sizes and yardage. Includes price 65 cents per pattern plus 15 cents mailing with handling, and mailing address for Cedar Rapids Gazette Pattern Dept in New York.
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