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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 07, 1961
Page
9
Chicago and Des Moines reports show hog prices near a two year high with butcher hogs at 19.25 per cwt and steady to higher cattle and sheep prices. USDA receipts tallied 13 000 cattle 6 000 hogs 2 000 sheep with various weight classes and lots.
Omaha cattle market reports meals with 35.0 percent receipts. Calves 250, slaughter steers under 1,200 pounds mostly steady, heavier noted slower. Heifers strong to 25 cents higher. Good to high choice steers and heifers priced around 23.25 to 27.25 and 22.00 to 26.00 for various grades with top figures near 24.75 to 25.50.
Sioux City cattle sale opened moderately active with 6,000 head counted and 100 calves. Early sales show steers steady with some high choice at 27.25 and 28.50, choice heifers 22.50 to 25.25, and a few 23.9 to 28.50 range for high choice steers.
Prices on the Cedar Rapids hog market were steady with Monday rates for 200-230 lb butchers at 17.25 to 18.25 and some at 18.50, packing sows 15.75 to 16.35. Cattle receipts reached 9,500 with slaughter steers generally steady and heifers fully steady to 25 cents higher. choice steers 23.25 to 26.75 and good to choice heifers 22.50 to 25.00.
New York stocks continued to fall in fairly active trading as losses in key issues expanded from fractional points to more than a point. Volume was estimated at 3.9 million, while some issues showed slight gains amid the overall downturn.
Oslo AP report states Prime Minister Gerhardsen’s office announces a Western summit meeting in Oslo for May 7 10 is out of the question. The North Atlantic Alliance gathering is not planned and discussions pivot to alternative options.
In Chicago, profit selling and stop loss liquidation drove major grains lower. Soybeans dropped 1 to 4 percent, wheat 2 to 3 percent, corn 1 to 2 percent, oats 14 to 1454 lower, and rye 1.5 to 2 percent as traders moved to cut losses.
Chicago AP reports no wheat or soybean sales. Cereal futures show corn prices for various grades: No 2 yellow $1.18, No 3 yellow $1.15, No 4 yellow $1.09, No 5 yellow $1.04 to $1.06. No 2 extra heavy white 60 cents. Soybean oil 11% to 12.00 a. Barley making choice $1.20 to $1.23, feed 93 cents to $1.05.
Chicago and New York reports show butter prices steady with ample to fully ample supplies. Eggs in New York are adequate to burdensome on large and mediums with uneven demand. Chicago notes moderate to firm demand for russets and round reds while onions and potatoes see varied movement.
Iowa House passed a bill requiring teen drivers to complete a driver education course before age 18 for licensing. An amendment creates a state fund to reimburse districts up to 30 dollars per pupil for driver education costs. The measure, sponsored by Rep LeRoy Chalupa, would make the course available to all high school students 14 or older. A 16 year old could receive a license if having completed the course. otherwise licensing would await 18.
NATO announced Gen. Pierre Jacquot of France was named commander in central Europe replacing Gen. Maurice Challe who resigned from the French air force.
City briefs report surgery at St Luke s hospital for In hospital Irma Fye and Mary Semeroth at Mercy hospital with visitors allowed. Larceny theft of four car transmissions valued at $100 reported by Padzensky Auto Market. Cedar Rapids Coin Club meets at YMCA. Linn County draft inductee Steven D Keith to Fort Des Moines Feb 14. Sunrise district scouts meet at City National Bank. Free bowling clinic Feb 13 at Jubilee Lanes. Fragrant Pink Hyacinths offered by Pierson s Florists. Inductee, breakfast club film by Dun & Bradstreet Small Business U.S.A. shown at Alcove. film shows at Roosevelt and Franklin schools. Story hour Hearts Delight at public library. Injured teen Gandy treated and released at St Luke s after hit and run. Howard S Greenlee to Philadelphia for Presbyterian scholarships meeting Feb 16-18.
An old brick house at 326 First Ave. W will be burned Saturday at 9 a.m. under Cedar Rapids Fire Department surveillance. The demolition makes way for a parking lot for the Green Diamond tavern next door. Safety Commissioner Ralph Mikesell says brick walls will trap heat for demonstration. the public may watch from behind barriers.
The Children express gratitude for the kindness sympathy and beautiful floral offerings received in memory of our beloved mother Mrs Myra Caraway.
Marion city council approves a storm sewer project for Blair's Ferry and Old Marion road area with civil engineer Archie Conklin to draw plans. City Engineer Ralph Mills cites about 30000 dollars cost at Monday night meeting.
John Lewis Papes 82 retired owner and publisher of the Marion Sentinel died Monday evening at his home in Marion. Native of Peoria Illinois he came to Marion in 1927 to purchase the Sentinel. Survived by wife Bess and son J Lewis Papes of St Maries Idaho two daughters and two grandchildren. Services at Murdoch funeral home then St Pauls Lutheran Church. Public friends may call after 7 today.
Richard E. Zimmer, 70, of 480 Sixth Ave died Monday at Veterans Hospital in Iowa City. A Ludlow, Iowa native, he moved to Marion in 1910, was a retired auto mechanic, and belonged to Osceola Lodge No. 18 IOOF, Chapter No. 10 DAV, Marion Post 298 American Legion. Survivors include wife Alma and three sisters. Services Wednesday at 1:30 p.m. at Murdoch Chapel. burial in Oak Shade after 7 p.m. today.
Iowa Illinois Gas and Electric Co reports 1960 net income of 6.34 million dollars, a dip from 1959, with 2.55 dollars per common share. Revenue rose to 52.53 million, while expenses climbed to 28.28 million as facilities expansion aided service.
Detroit AP reports weekly auto production by manufacturers and the 1961 year totals to date, compared with the previous year. Automotive News Monday provides the latest figures for the industry’s output and pace.
John R. Jameson was appointed associate manager of Prudential Insurance Co's ordinary agency in Cedar Rapids. He previously served as a training consultant at the St. Paul north central home office, joined as a special agent in 1952, and became division manager in 1954. He is a World War II veteran, Lions Club member, American Legion member, and father of three.
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