Market wrap reports stocks near recovery highs as traders eye gains
Wall Street closes near new recovery highs amid easing money conditions and improving confidence. California Financial leads savings lenders in volume with other gains among Great Western and Imperial. Blue chips like Xerox Polaroid IBM and Jersey Standard climb, while energy and industrials show mixed strength.
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Great Western Financial
Imperial Corp. of America
First Western Financial
First Charter Financial
Lytton Financial
Xerox
Polaroid
IBM
Fairchild Camera
Johnson & Johnson and
Stanley Warner
Union Oil of
California
Texas Gulf
Truck Mishap Fatal To Swisher Man 47
Ralph Greazel 47 of Swisher died in a Cedar Rapids hospital from injuries when his truck fell on him while he serviced the vehicle after delivering mail for the North English post office. He was struck by a wheel and died about an hour after arrival at Mercy Hospital. Body taken to McGovern-Dwyer funeral home in Iowa City.
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The
Gazette
Ralph Greazel
Route One
Swisher
Cedar Rapids
Greazel
Postal Department
North English
Mercy Hospital
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Iowa City
Hogs 25 Up To 25 Down Grain Slumps Market Mixed
Chicago AP reports hogs steady to 25 cents higher amid thin trading. Wheat ends 1 lower to 1 higher, corn and oats little changed, rye down. Soybeans slide 3 to 4 percent with No 1 yellow at 2.93 and hard quotes noted.
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Chicago
New York and Chicago Produce Prices and Standards
AP reports egg standards vary by grade and size with whites and yolks priced per weight. Butter demand is steady with AA and A scores quoted. potatoes show moderate supply and steady demand, with russets and red varieties cited and prices listed.
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New York
USDA
Chicago
U.S
Red River Valley
Cedar Rapids City Briefs highlights thefts and local notices
A car owner reports a theft of a tool box a battery and a log chain from a car stuck in a ditch near Otis Tower SE. Obituaries note the death of Edward Gorman in Evanston Illinois. Local ads promote services and specials from Klip n Karl and Albert’s Cleaners with delivery and price info.
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Robert la Grange
Sixth Avenue SE
Otis Tower SE
Look’s Chicago Suit Is Settled
Look Magazine William Manchester and the Chicago Daily News say they amicably settled their dispute over Look installments from Manchester’s The Death of a President. No money changed hands. Daily News regrets the incident and will follow future release dates and restrictions.
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The
Commodity prices for starches oils and syrups
Readable fragments list prices for corn syrup tank cars Pearl Starch standard moisture paper bags powdered aloe stand moisture paper, Phin Boiling Starch stand moisture paper bag at 6.90, Douglas Grits 5.90, Dextrin White paper bags 9.03, crude corn oil tank cars 12.50. Prices shown as isolated items with currency implied.
Marion high school to stage Cindy musical production
Rehearsals underway for Marion high school vocal music and drama departments present the Broadway musical Cindy. March 3 and 4 set for performances with Becky Swan as Cindy and a cast including Pat Ryal Don Vesey Linda Bet singer Helen Struck Bonnie Potter and more. Directors Mrs Hulin and Mrs Deeds. choreography by Mrs Spores. Roy Meier stage manager. Al Risk co-manager.
MENTIONED IN THIS ARTICLE
Marion High School
Cindy
Becky Swansop
Pat Ryal
Don Vesey
Linda Betsinger
Helen Struck
Bonnie Potter
David Zeigler
Gary Warner
Kay Wood
Sylvia Lewis
Dan Ciha
Greg Topp
W. C. Hulin
Q. J. Deeds
Leland Spores
Roy Meier
al Risk
Marion Cleaners Damaged by Weekend Fire
A fire damaged the Marion Cleaners and Laun dry Inc building at 761 Tenth Street Thursday afternoon. Firemen suspect a cigarette may have ignited clothing near a storage area, with flames reaching the attic before sprinkler systems and responders controlled the blaze. Damages are not yet estimated. Mardi Gras returns to St. Joseph's Church with costumes and charity for school projects at 2 p.m. hosted by Mrs. Norbert Panek. Local TV personalities will entertain.
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Marion Cleaners and Laundry, Inc
Tenth Street
Marion
St. Joseph’s Church
Norbert Panek
Monticello Services For John Vittengle
John G Vittengle 54 former Cedar Rapids resident died Thursday evening at University hospitals in Iowa City after months of illness. He lived in Monticello five years and taught high school science before illness. Survived by wife Irene Johnson and brother Leo. Services Monday 10:30 a m at St Matthew Lutheran Church with burial at Cedar Rapids National Cemetery. Friends may call Goettsch funeral home.
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Cedar Rapids
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Vittengle
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Towa State
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Asis
Jotm Knappter
Ray Ferguson
Boca
Eighth Avenue
Raton
Fla
Leo
St. Luke’s of
St. Matthew Lutheran Ymca
Marion Branch
Hemian National Cemetery
Goettsch Funeral
Iowa Illinois Gas To Issue $14 800 Refunds In Cedar Rapids Area
Iowa Illinois Gas and Electric Co will refund 14 800 dollars to Cedar Rapids Marion area customers as a temporary rate reduction about 30 cents for a typical home. The reduction appears on bills starting Saturday and lasts until the total refund is distributed. The refund comes from the supplier Natural Gas Pipeline Co of America under the cost of purchased gas adjustment clause.
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Iowa-Illinois
Iowa-Illinois Gas and Electric Co
Cedar Rapids-Marion
E. J. Hartman
Hartman
Natural Gas Pipeline Co. of America
Illinois Commerce Commission
Iowa State Commerce Commission
Ford Sales Hit Record Volume Despite Earnings Drop
Ford Motor Co reported a new high in yearly sales last year while earnings fell 12 percent. Sales totaled 12.2 billion vs 11.5 billion in 1965, net income 621 million vs 703 million, or 5.63 dollars per share vs 6.33. Higher labor and safety costs weighed on profits.
MENTIONED IN THIS ARTICLE
Ford
Detroit
Ford Motor Co
Czech Decision on Kazan-Komarek Prison Term
Czech authorities promised a decision within 10 days on whether American travel agent Vladimir Kazan-Komarek must serve an eight year prison term on charges of subversive activities, according to reports from Washington.
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UPI
Vladimir Kazan-Komarek
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