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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 05, 1963
Page
18
McDonnell Aircraft stock spiked on news of a large defense contract as the market traded lower. Overall activity was moderate with about 4.1 million shares changing hands, above Monday’s 3.67 million. Most key issues fell a few points to fractions.
AP report shows butter steady for wholesale buyers with 93 score AA at 57 2c, 92 A at 57c, eggs fully steady with whites at 36 2c, standards 35c, roasters 22 1/2 23c for live poultry, potatoes arrivals 68 with U S shipments 515, Red River Valley red potatoes quoted at 1.90 to 2.35, and New York butter markets tight with 93 score AA 58 34c to 59c and extras at 37 1/2 to 39c.
About 300 German university students demonstrated in Munich on Monday to protest Britain’s exclusion from the Common Market. The protest reflected concerns over European trade and postwar economic integration.
The City of Cedar Rapids Iowa invites sealed proposals for sanitary sewer construction on Eogivey Village 1st and 2nd Addition. Bids due by March 1 1963 with council meeting February 25 1963. Bids require certified checks and performance bonds.
AP reported Wednesday USDA estimates show hog receipts at 7 000 with demand weak and prices down up to 50 cents per hundredweight. Slaughter steer trade remained active with high choice and prime 1 100-1 350 lb cattle at 26 50 to 27 00, while hogs ranged from 14 50 to 16 60 per hundredweight across weight bands. Iowa Des Moines prices held near steady with steady to weak tone and Tuesday receipts at 75 000 head.
Cattle receipts at Sioux City total 5 000 with calves around 50. Slaughter steers and heifers showed strong to fully 25 cents higher. Priced at 900 to 1 075 pounds heifers around 24 50 per hundredweight. Two loads of high choice 1200 to 1225 pound steers marked as prime and choice sold at 25.75 per hundredweight.
Cedar Rapids hog market Tuesday held steady with Monday prices for butchers 200 to 230 lbs at 14.25 to 15.50 dollars and a few at 15.60. 1s and 2s mostly 14.75 to 15.50, based on grade and plant delivery. Packing sows 300 lbs and under 13.00 to 14.00. Butchers drop 25 cents per 10 lbs 230 to 306. packers drop 25 cents per 10 lbs 300 to 360, 50 cents per 10 lbs over 360. Poultry and eggs listed with miscellaneous farm products and grain prices.
Chicago AP reports grain futures nearly idle as most commodities advanced. Traders credited moderate wheat export demand and speculative buying amid light selling. wheat rose 14 to 14 1/2 cents, corn 14 to 4 higher, oats mixed, rye steady, soybeans unchanged to 14 higher.
Chicago market notes show no wheat oats or soybean sales. Sample grade yellow soybeans price 1.18 per bushel while yellow sample 1.17. Soybean oil bids around 94 cents per pound with choice grades at 1.23 to 1.30.
UPI reports Omaha cattle receipts 9,000 with 50 calves. Early sales show price around 25 cents, load of choice steers near 1,150 pounds priced about 23.00 to 25.25 dollars, good and choice heifers around 1,025 pounds at 23.00 to 25.25.
Investors' Guide discusses selling and buying costs for AT and T and mutual funds, noting stock commissions start high and taper with amount, while no load funds charge zero to nine percent. It explains that a small holding may incur about 12 percent in turnover costs after taxes, and that dividend entitlement rests with the owner at ex-dividend date, not the trader.
The city council Monday night set a March deadline to accept petitions for the 1963 paying jobs program. City Engineer Ralph presented a list of streets to be paved, including concrete paving on several streets and asphaltic concrete on Fifth Avenue and Eleventh Street. The council plans more study and discussed designating certain streets as major thoroughfares to relieve Seventh Avenue traffic.
Marion Rural board of education boosted starting teacher pay for those with a BA to 4600 from 4400. Resignations of two faculty were accepted, Sept 4 start date set for next fall, and Christmas break dates given. Junior high moves to new building planned with bids to be opened in spring.
A hearing was set for 8 p.m. March 4 on the vacation of an alley between Twenty-fifth and Twenty-sixth streets and Seventh and Eighth avenues. Attorney Ernest Pence, for Donald J. Fisher of Cedar Rapids, filed the request. Democratic and Republican factions asked to address the Feb. 18 meeting seeking additional voting places in Marion as the four ward sites are deemed inadequate.
Mr and Mrs A A Schenken returned from a two week Southwestern tour visiting family in Covina and Downey California. John Lines of Omaha accompanied them. Patmos Commandery No 27 ET meets Thursday at 7 30 pm at the Masonic temple. Lions Club speaker Roger Messerly discusses Elementary Curriculum at a dinner meeting. Four days remain to register for a free 750 mink store with Sunshine Cleaners. Bouncing Blue Birds visit Bishop's Buffet. Marion PEP Pals 4 H club held a meeting with talks on Exercises Storing Clothes and Better Grooming.
Obituary notice records the death on February 1 of Mertie Weis Williams 68 of Hawthorne California formerly of Marion. She is survived by daughter Mrs Harry Sutherland Canoga Park California two grandchildren and three brothers Clem Weis Marion George Muscatine Roy Alhambra California. A church meeting and local notices follow.
A demonstration showed how to craft drawer dividers as part of National 4H Week activities. The note also mentions Valentine related items and a storm advisory from the Storm's-Adv.
Commercial debits in Cedar Rapids for January totaled $173,615,083, up almost $4 million from January 1962. The clearing house report shows withdrawals from checking accounts as a business activity indicator. Time and savings withdrawals for January reached $5,467,468, down from $6,235,516 in January 1962.
District managers of the Lindsay Soft Water Co representing every state west of the Mississippi river are meeting in Cedar Rapids this week for a research and survey program. R D Tyler of St Paul, president, will address a noon meeting Friday. Don M Black says the program tested here will be used later in every state. Lindsay is a division of Union Tank Car Co.
John Morrell and Co. purchases the Memphis meat packing plant closed by Wilson and Co. in December after failing to persuade union workers to accept a pay cut. Morrell offers a basic hourly rate 57 percent lower than Wilson’s contract.
The undersigned was appointed and qualified as Executor of Kathryn F Gallagher’s estate in Linn County Iowa on February 4 1963. Creditors must promptly pay debts to the Executor Peoples Bank and Trust Company of Cedar Rapids Iowa and file claims with Linn County District Court. O Rieley and Rosser, Attorneys.
Notices announce appointments of executrix and executors for multiple Linn County estates. Aletha Paulson acts as Executrix for Conrad R Paulson. Charlies D Nolan's estate lists executor. Joseph Henry Leehman estate names executor George R Leehman. Caroline Peters estate names administrator Bernard Pete. Attorneys Nazette Bromwell and Sargent Spangler Hines Pence are listed.
A collection of short items updates residents on hospital stays, shoplifting, window damage, missing gun, lumber theft, and car incidents. Highlights include a patient at St Luke's Hospital, Seiferts store theft of ski pants, a beer bottle shattered window at Witwer Store, a missing 410 shotgun from a rear car, lumber theft on Ridgemore Drive, a roof slashing at Harper's Auto Rebuilders, and two hit and run reports. Also notes a Catholic Laymen luncheon with Harold Still and local delivery ads.
The lobby of the White House executive wing was repainted over the weekend according to AP reporting.
On February 4 1963 the undersigned was appointed and qualified as Executor of the estate of Lee W Boyse late of Linn County Iowa deceased All persons claim to said will must file duly authenticated claims in the Clerk of Linn County District Court Iowa Fisher and Yarowsky Attorneys representing NYAL W BOYSE.
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