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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 29, 1967
Page
13
Stocks held a year end rally in heavy Friday trading as brokers cited favorable economic developments and upbeat forecasts. More than 10 million shares traded in the first four hours as optimism persisted ahead of year end.
The trading day on the exchange showed gains led by motors, rails, and oils as utilities mostly fell. American Telephone rose slightly, while overall advances outpaced declines by roughly 240 issues with significant activity on the American Stock Exchange.
AP reports USDA Midwest meat prices with steer and heifer quotes by weight in Iowa markets. Prices show varying ranges for 600-800 and 800-900 pounds, with figures near 40 and 41 dollars per hundredweight. Sioux City market notes cattle activity and calf tone as a marker point for the region.
Chicago AP report notes hogs steady with slaughter steers up 25 cents to 2.00, lambs steady. Cattle and calves show higher prices for slaughter steers, heifers, and prime weights, with detailed ranges for yield grades and weights. Sheep and mixed lambs remain steady to firm in wholesale listings.
A county library balance sheet shattered by a tornado was found on a Hematite farm about 40 miles from Potosi. Lawrence Tipton reported finding the 1961 sheet in his yard with tears but readable text. The librarian said the document had been in a filing case that disappeared when the twister struck.
Goodyear Tire & Rubber announces a 5 percent price increase for tire repair and retreading services. The rise takes effect Friday and applies to services nationwide from Akron, Ohio.
Estimated receipts 50 000. actuals Thursday 72 000. week ago 45 000. year ago 37 000. Barrows and gilts steady to 25 higher with some 50 bump. Sows steady with some 25 gains. Prices listed by weight and grade for various hog categories.
Federal-State Market News notes three Iowa auctions with cattle and hog prices. Slaughter cows steady to slightly higher in north, lower in western areas. feeder steers and heifers steady to higher. Feeder calves firm. hogs and feeder pigs mixed with steady to modest gains. eggs grain and poultry prices listed. Cedar Rapids hog market steady with detailed weight-based price adjustments.
UPI recorded cattle market activity in Omaha. Calves and steers mixed. cows steady to firm with gains up to 25 cents. Feeder and slaughter cow prices listed, with ranges for heifers and commercial cows. Overall data fragmented but shows modest price movements and various weight classes.
In Chicago Board of Trade last session of the year grains fell overall with light trading except at opening and closing. Wheat closed 4 to 34 lower amid holiday early close. corn fell 34 to 1/4 lower. oats down 44 lower with small gains. rye dropped 4 to 45. soybeans 38 lower to 78.
Market report lists Wheat No 2 hard at 1.570 No 2 soft red 143m No 2 yellow line 13 No 3 yellow 1 FRET 2a No 4 yellow 1.0208 No 5 yellow 9444 534 sample grade yellow oats to 2 heavy white 9% Soybeans No 1 yellow 2.65 4n.
AP dispatch from Chicago notes butter grades with scores and market marks, including 93 score AA and 92 A with various buyers. It lists Boggs grade A whites and mixed totals, plus potato arrivals and U S shipments with price notes for russet types and Wisconsin russets at 2.65 to 4.90.
Wholesale fresh fruit and dairy notes show ample large and medium offerings with fair demand. Butter supplies are fully adequate with prices and scores listed. creamery items show scores around 92 93 and varied cents per pound.
Guaranty Bank and Trust Co. board on January 21 declared a 25 percent stock dividend pending stockholder approval. Capitalization would rise from 400000 to 500000 dollars and shares from 20000 to 25000 at twenty dollars par.
U S Steel Corp boosted prices by $5 a ton on cold rolled carbon steel strip and railroad rails, affecting about 2 percent of shipments. The increases take effect January 8, while wrought steel wheels will be cut 3 percent to match lower cast steel wheel prices.
Walter Kidde and Co. announced a plan to acquire Jade Corp for an undisclosed number of Kidde common shares. Jade Corp operates electronics plants in Bethayres Pennsylvania and Millville New Jersey with annual sales around six million dollars.
State Senator David M. Stanley of Muscatine told a Marion Kiwanis meeting that 458 federal aid programs are failing and should be replaced with fixed state shares and tax incentives. He called for reducing Washington control, boosting local government action, and expanding private sector job training housing programs.
Marion City plans automatic signal at Lindale Drive intersection with Milwaukee road tracks starting next week. The project costs 15000 with city and railroad paying 10 percent each and the state commerce commission covering 80 percent. Area residents had urged the signal after a fatal November 1966 car train crash. a March hearing preceded a commission Apri decision. Beginning Saturday Edison Pharmacy and Sorg Pharmacy close 6 pm Saturdays. emergency calls listed.
Patrick L. Pierce, 24, is jailed in Marion on a $105 bond after attempting to kick in a girlfriend's door at 585 Eighth Avenue. He faces disturbing the peace charges and a Friday court appearance before Judge Miles Adams. The Marion city offices close for New Year weekend. Newsstand price hikes: Wall Street Journal to 15 cents from January 2. Barron’s to 50 cents newsstand and $18 annual subscription.
Multiple classified notices include 15 Cedar Rapids bus trips Monday to Saturday. Church secretary position at First Methodist Marion. Coat clearance sale Queen Teen. department closed New Year’s Day. Furniture appliances clothing 980 Hillview Marion. Marion Theater seeks doorman, contact Mr Jedlicka after 7 p.m.
Two Dyersville youths were hospitalized after a one car crash near Epworth. Driver Dennis Price, 18, left a county gravel road and struck a tree. he is in fairly good condition. Passenger Gregory Gioimo, 15, is in satisfactory condition. Pricey faces a charge of failure to have his car under control.
Special to The Gazette Manchester resident Ben Philippson reports the death of his mother Mrs. Carl Philippson 65 in Pampano Beach Florida. The elder Philipsons once lived in Manchester and will be held in Pampano Beach Saturday for services.
Larry Edgington, 23, Des Moines, who escaped Sept 25 while returning from a work camp, turned himself in to the Polk County sheriff and was returned to the Anamosa reformatory. He is serving a one year sentence for breaking and entering. he initially entered the reformatory March 15, 1966.
Four Postville juveniles are referred to Clayton County authorities after admitting thefts from Marion Hy-Vee at 1223 Seventh Avenue and Sun Mart in east Marion. They were released to their parents. Marion post office closes Saturday for a holiday, reopening Tuesday. no city or rural delivery.
Harry A. Bahnaman named administrative assistant to the Cedar Rapids plant manager. Charles K. Eckels promoted to administrative assistant to the Cedar Rapids plant manager in Cherokee after long service in Chicago Albert Lea Cedar Rapids.
YUMA Ariz AP Two youngsters died and six other family members escaped as a Christmas tree fire swept through a two story home Thursday night. Fire officials say the blaze started in the tree and spread quickly through the residence.
Official notice sets a January 17 1968 hearing at City Hall Cedar Rapids Iowa on proposed storm sewer pipe plans and contracts with Valley High Additions. It includes bid opening details January 17 1948 and a bid security requirement of ten percent with Iowa surety bonds and a right to reject bids.
The Cedar Rapids Board of Adjustment will meet January 1955 at 2 30 p m in City Hall basement to hear appeals from the Building Official decisions. Appellants include Decker Floyd Souter 11968 and Hollingsworth 2656 Buchanan Drive SE seeking variances for detached garages and lots. Also McCrum 2124 First Avenue West and Mullen 311 C Avenue NE request rear yard, lot area, and side yard variances to permit additions and new structures. Details are on file with the Building Official. meeting open to the public.
Public notice of a U S Marshal sale in Civil 46¢-4-CR in the Northern District of Iowa Cedar Rapids Division. The sale, to settle a judgment of 7 097.92 dollars plus interest and costs, will be held January 18, 1948 at 11:00 a.m. at the front door of the Linn County Courthouse Cedar Rapids Iowa.
The Bohemian Mutual Insurance Association of Cedar Rapids Linn County Iowa announces its annual meeting for Tuesday afternoon January 23 1968 at 4:00 at the First Trust and Bank Building office. 1967 annual statement will be read and elections of officers and directors held along with other business. MILTON R LANGER President ROBERT L STRAKA Secretary.
The board announces 1968 business hours starting on the first business day. Hours include early morning start at 5 200 A M and close times vary by day with noon hours on select days and Friday and Saturday openings.
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