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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 05, 1964
Page
3
New York AP reports savings and loans, tobacco shares and select issues led an irregular late Wednesday advance. Trading stayed moderately active with about 4.2 million shares changing hands, versus 4.34 million Tuesday, as most key issues moved only fractions to about a point.
Fragmentary OCR text lists numerous company names and numbers such as Amer Rein Lone Star St Cherry Bu McKay Macin Clinton Engine Nati Oats Cohn Electro Nissen Craig Systmoe Rath Packing edge Mfg Technicon reater Iowa Thermogas Kaiser Ind Mid Amer Life Investrs with various percentages and values. No coherent story or events discernible.
Fred Turner Jr., a 67 year old oilman and famed horseman who owned Tomy Lee, the 1959 Kentucky Derby winner, died Tuesday night in a Brownwood hospital after surgery following a heart seizure on his farm near Brownwood. His wife was killed at their Midland home months earlier, with James Marion charged with murder and slated for trial in Lubbock on March 16.
Arthur Cook, 46, pled guilty to breaking and entering after a Jan 21 arrest at Cliff Hoag's sporting goods store in Iowa City. He received bench parole from a ten year sentence to Fort Madison, four years to Russell Camp, with conditions including tavern avoidance, sobriety, restitution, psychiatric evaluation, and possible treatment.
USDA estimates receipts for Thursday in Chicago show 800 cattle 6500 hogs and 500 sheep. Butcher hogs sold steady to weak on Wednesday while slaughter steers and lambs held about steady.
Hogs 5 500 head with varied steady to weak bids. Prices for 190-230 lb butchers 15.00-15.75. 200-220 lb around 16.00. 220-260 lb 14.50-15.25. 250-270 lb 14.00-14.75. 270-300 lb 13.50-14.25. 400-450 lb sows 12.50-13.00. 450-500 lb 12.00-12.75. 500-600 lb 11.50-12.25. Cattle 10,500 with steers mostly steady. prime loads 1,250 lb at 23.25. high choice and prime 1,200-1,386 lb 22.25-22.75. 950-1,250 lb good 21.50-22.50. 800-1,050 lb good 21.25-22.00. heifers 830-950 lb 22.50. 800-1,050 lb good 20.00-21.25. Sheep 800. slaughter lambs and ewes steady. good and choice 80-115 lb wooled lambs 19.00-20.50. 109 lb shorn No 1 pelts 19.25.
UPI reports hog market at Des Moines shows steady to 25 lower for sows with receipts near 65 000 this week versus 80 000 last week and 66 000 year ago. Prices vary by weight and grade with U S 1 3 200 220 lb butchers at 14 35 to 14 90 and heavier hogs down to 12 70 to 13 80 for 270 300 lb. Sows weigh 270 330 lb at 12 50 to 13 25 and 400 550 lb at 10 00 to 12 00.
UPI reports 9,000 receipts at Omaha. Calves 25. Slaughter steers and heifers not fully tested. Steers under 1,200 lbs mostly steady to 25 cents lower. Most choice 975 to 1,200 lb steers 21.00 to 21.75. several loads 1,000 to 1,075 lb at 22.00. high choice loads 22.25. Most choice heifers 21.00 to 21.75. lead high choice with few prime at 22.00.
Receipts 6,500 cattle and calves 200. Slaughter steer and heifer trade not established. A few loads of choice steers bring 20.50 to 22.00 and a few loads of choice heifers bring 21.00 to 22.00.
Hog prices Wednesday in Cedar Rapids were steady to a quarter lower with bulk 200 to 230s at 14.65 to 14.85 and a few at 15.00. Sows at 300 lbs ranged 12.75 to 13.25, all quotes delivered at the plant with various discounts by weight and grade. No. 1 wool 48c and No 2 wool 38c.
Small want ads yield fast results as readers note simple needs and offers. The column emphasizes concise listings and plain language to connect buyers and sellers efficiently.
A broad market recovery pushed grain futures higher in Chicago trading. Wheat rose about 4 percent, soybeans up roughly 1 percent, corn 4 to 4 percent higher, oats 34 to 34 percent higher, and rye gains of around 24 percent as early pressure moderated.
The Chicago market reports no sales of wheat oats or soy beans. Corn No 4 yellow priced at 1.152. Soybean oil 8n appears in the provisional listing.
Wholesale buying prices for live poultry unchanged with roasters at 23 to 24 1/2 cents, White Rock special fed at 6O to 19 1/2 cents, Barred Rock fryers 21 cents. Butter steady with 93 score AA at 57 1/2 cents, 92 A at 57 1/2, 90 B 56 4 cents, 89 C 55 cents. eggs steadier with whites 70% grade A at 33 2/3 cents, standards 32 cents, checks 29 cents. Potatoes arrivals 43 on track 195. russets Idaho $3.80–$3.85, Red River Valley red $1.85. new supplies insufficient to quote.
AP USDA report shows ample eggs with fair demand. Fancy heavy weight 36 37 1/2 cents per dozen. No 1 medium 33 34. Standards 34 35. Checks 31 1/2 32 1/2. Butter ample with good demand. Creamery 93 score 59 59 1/2 cents. 92 score 58 58 1/2. 90 score 58 58 1/2.
A compact Investors' Guide by Sam Shulsky outlines stock buying strategies and market fundamentals. It highlights risk assessment, portfolio diversification, and the role of long term gains in building wealth.
Carl L. O Connor sues IOA Foods Inc and Ray Stubbs over a March 30 incident at Witwer Gro cer Co warehouse. He claims head injuries from a pipe strike during picketing and seeks $2800 in actual damages plus $2000 in punitive damages.
Linn county supervisors reduced loads on two bridges after inspections found limits below the state maximum. Chain Lakes road bridge west of Robins drops to nine tons. Turkey road bridge north of Vernon View east of Cedar Rapids drops to eight tons. No prior posted limits. Other actions include meetings, resignations, pay raise for County Nurse Pittman, and courthouse closure for Lincoln's birthday.
Directors of Iowa Electric Light and Power Co. met in Cedar Rapids to declare regular quarterly dividends. They set 60 cents per share on 4.80 percent cumulative preferred stock, 53 cents per share on 4.30 percent cumulative preferred stock, and 25 cents per share on common stock. Dividends are payable April 1 to holders of record March 13.
Kay E Oberbreckling of Ryan was ordered to enter a plea by Friday on a forgery charge after a Monday arraignment before Judge William Eads. She is accused of writing two checks totaling 185 dollars at Killians in Cedar Rapids and forging the name of Mrs William Moore of Iowa City.
An appeal of a land condemnation award for power line towers was filed Tuesday in Linn district court. Plaintiffs Ethel O Teege of San Bernardino California Eva M Black and Effie M Jordan residents on the land north of Cedar Rapids confront the ruling as the named defendants are listed.
Mt Vernon resident Richard M Pattison 32 admitted embezzling from Sayers Jack and Jill store in Mt Vernon Linn County. He acknowledged taking 1000 dollars though records show a 3000 dollar shortage over 30 weekly entries dated from before Christmas 1962 to January 18 of the current year. He served as store manager until January termination and was released on a 1000 dollar bond pending Cedar Rapids court arraignment.
Gerald S. Gallagher, 23, was sentenced by Judge Warren Rees to ten years in the Anamosa men's reformatory after pleading guilty to uttering a forged instrument. He forged the name Jack Scott to an $8.12 check. The sentence runs concurrently with a current parole violation term from Polk county. Gallagher was brought back to Cedar Rapids to face the charge.
Mary B. McAfee 33 of 1118 First Street SW received a four month suspended term at Rockwell City reformatory after pleading guilty to shoplifting. She appeared before Judge B. J. Maxwell, charged with taking four cartons of cigarettes three pairs of sunglasses and several pairs of socks on August 29 from May's Drug Store in Marion.
Des Moines AP reports Iowa highway patrol experiments with loud speakers on patrol aircraft. Officials urge drivers to pay attention if they hear a voice or siren from above while traveling on Iowa highways.
Chief Justice Warren explained his remark that some testimony on the Kennedy assassination might not be released in your lifetime. He noted that Oswald’s travel to Russia and Mexico could involve security issues, which might prevent disclosure. He said nothing has been found to withhold yet but agencies could later seek partial withholding.
Thirty six crewmen from four Cuban trawlers seized in U S waters will be turned over to Florida state officials after a federal inquiry found no federal statute broken. Coast Guard Press Officer Richard Phillips said two crewmen sought asylum and the others will face state action for fishing inside the three mile limit.
Iowa National Mutual Insurance branch managers and fieldmen will gather in Cedar Rapids the week of February 17 for a three day educational meeting. Branch managers from Omaha Minneapolis Greensboro Denver and Orlando will join at the home office February 17 and all male employees will attend a dinner at the Roosevelt Hotel to hear a 1963 operations report by President G. W. Hopkins.
City briefs note a noon meeting of the Optimist club at Hotel Roosevelt with State Sen. Martin Wiley as speaker. Also mentions AAUN board meeting at Bishop's cafeteria and other local items such as a dean's list, a new business location, and thefts.
Walter M Jones, 63 of Fourteenth Avenue SW, is a surgical patient at St Luke's hospital. Visitors are permitted. Also an ad segment promotes Merle Norman cosmetics free makeup treatment on Don McNeill's breakfast show. Century contact EM 3-1154. Lions Club noon Thursday at Roosevelt Hotel features Terry Amano of Japan with homeland talk and music. Islander: Polynesian Paradise offers noon luncheons 85 cents and cocktail 4 to 6 p.m. Tropic Lanes ad. Citizens Band Radio Club meets Sunday 2 p.m. in the fallout shelter at Concrete Materials Co. building, 4096 First Avenue NE.
Roger Meeker Jefferson High School teacher is chosen executive director of the Cedar Rapids Cadets drum and bugle corps succeeding Don Mitchell who resigned. Meeker has served as a corps instructor for two years.
Salvation Army calls for clothing furniture newspapers and other items with truck pickup available at EM 5 1491. Sister of Mrs Charles Paukett Ava Cox 84 Humboldt a former Cedar Rapids resident died Monday. Funeral Thursday at Rolfe Florida's Sewing Basket Classes start EM 2 1283 Railway Employes Unit 29 meets Friday at 1 PM luncheon at Bishops Lindale Plaza.
Two University of Iowa students were injured when their car left old highway 218 north of Iowa City and struck a tree Tuesday night. Pamela Denhartog 19 of Sheldon suffered a fractured arm and lacerations while driver Steven Childs 21 of Sibley received treatment for a knee injury.
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