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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 09, 1965
Page
1
The New York stock market rallied in the week's opening session amid Vietnam news, holding gains into late trading. Volume reached about 5.8 million shares, down from Monday's 6.1 million but still sizable, with active dealings and firm turnover noted.
USDA estimates Wednesday receipts include 9 000 cattle 5 000 hogs and 400 sheep in Chicago with hogs mostly steady to 25 cents higher Tuesday. Chicago bids show varied weights with sow and steer prices and regional updates from Des Moines Omaha and Sioux City reflecting steady to higher hogs and mixed cattle trends.
USDA live poultry wholesale prices steady to slightly higher with roasters at 26 cents per pound. Arrivals 76, shipments 372, demand light. carrot track notes Idaho and Maine red rounds with quoted prices. Butter prices unchanged. market dull to slightly weaker overall.
The reader aged in the 40s owns 250 shares of Procter & Gamble with plans to hold for growth. The stock has shown steady but modest moves with a solid dividend history since 1891 and a strong balance sheet, yet the reader questions concentration in a single issue for a growth portfolio and considers diversification.
Prices on the Cedar Rapids hog market were strong. Monday bulk 200 to 230 lb butchers bought at 16.25 to 16.60 dollars, packing sows 14.00 to 14.50, with price adjustments by weight and grade.
President Johnson on Tuesday reiterated full and continuing U.S. backing for efforts to achieve German reunification. The statement emphasizes sustained American commitment amid postwar reconstruction and Cold War tensions.
In Chicago the Board of Trade saw soybean futures drop the 10 cent daily limit amid news of the Longshoremen strike, farm price support fund depletion, and weaker exports. Nearby declines spread to wheat, corn, oats, and rye as prices fell across grains.
In Cedar Rapids federal court two men received prison terms for auto theft. Warren E. Hefflon, 26, previously residing in California, drew two years for transporting a stolen car from Los Angeles to Tama. Isidro R. Vargas of Connecticut received one year after probation revoked for driving a stolen car from New York to Iowa Falls.
A new $300000 suit filed in Linn County District Court seeks damages from Tip Top Distributing Co and Ce Storage after the Cedar Rapids Transfer and Storage Co warehouse fire on May 22. Plaintiff Wilson and Co claims loss of 37856 cases of canned meat pallets and empty cans amid 12 other suits totaling $845927.91. The complaints allege negligence for starting a bonfire to burn rubbish near the south warehouse wall. deputies report traffic-hindering car park issues on county roads.
Proposed parking ramp and office space behind the Linn County courthouse were presented to the board of supervisors with several alternates. Plans include at least 17 000 square feet of new office space with a ground level and second floor parking option at an estimated 700 000 dollars. The project would connect to the courthouse rear and would require a public vote if the cost exceeds 20 000 dollars.
Linn County Sheriff Walter Grant said an unmarked radar patrol car will enter service within days. The vehicle, part of two purchased last month for 2800 dollars plus a 1964 marked patrol car, will patrol high fatality county roads while other county cars remain marked.
Linn county supervisors, on the recommendation of County Engineer Harrington, ordered a five ton embargo on all unpaved roads due to soft conditions from rain and thaw. The rule will be posted roadside and enforced by the sheriff, for up to 90 days or until roads re freeze enough to support heavier trucks, with milk trucks and school buses noted as major contributors.
Cedar Rapids officials said they will comply with a county road embargo but will continue to run buses on surfaced roads. Transportation head Lyle Johnson noted rural students should reach paved routes near their homes starting Wednesday and adopt a shuttle system.
The Linn county board of supervisors accepted a gift of three acres from Lester and Lyrl Petrak for the Jay G. Sigmund park at Waubeek. The land joins the Wapsipinicon river front, allowing the county conservation board full control of the park area. Final acceptance rests with the county board as ownership must be in the county's name.
A man pled guilty to a third offense of drunk driving and received probation. He appeared before Judge Warren Rees after his Jan. 28 arrest at First Street and A Avenue NW.
Linn county officials overspent in seven of the 22 funds during 1964 with only the weed eradication fund ending within its budget. Transfers from the general fund and higher than anticipated receipts covered excesses totaling tens of thousands, including the poor fund, ADC, Bang's disease, mental health, weed eradication, district fair, and road clearing, while the county general fund also ran over its original budget. The auditor's office compiled the report.
John Keith McGrath, 32, of Upland California pled innocent before Judge William Eads to a grand larceny charge. He was extradited from California to facing allegations he stole about 400 dollars from a safe and cash drawer at Johnsons Standard Service Station 2905 Center Point Road NE while employed there.
DES MOINES AP The senate approved 51 0 a measure to clarify a law on county supervisor terms setting four year terms to begin in January after election and others to begin the following January. The bill would align all terms to start the January after the election and shorten those elected in 1965 to three years.
Louis LeRoy Sanders, 45, of Palo, received two years in the state penitentiary after a Tuesday sentencing for a drunken driving offense. The case details specify probationary terms following the custodial period.
In the Gulf of Siam Thai fishermen pulled a seven foot sea turtle weighing about half a ton from the water. They handed the live giant to a research station for study as reported by press outlets.
Coin Club meeting set for Wednesday at 7 30 p.m. in the Montrose hotel. Visitors welcome. Sunshine Mission board meets Friday at 6 15 p.m. in the Pal mer room. Hi Opti Ladies night dinner starts Wednesday at 7 p.m. at the Ranch Supper club. Story Hour at the public library on Wednesday at 10 30. Dr Max guest storyteller. Parkhoppers gather Wednesday 7 30 p.m. at Riverside Roundhouse for camping chat. Cupid's Choice flowers $3 50 per arrangement from Piersons Florists. Money stolen: unidentified man takes $5 from Tresnek Bros Phillips 66 station. Bavarian House in Springville to be closed weekdays in February serving Sunday dinners 11 a.m. to 9 p.m. Extinguisher stolen at Hughes Bros Lumber Co. $15 item. minor cited for beer violation. Dr H J Jones hip injury from fall. admitted to Mercy hospital. Two Cedar Rapids girls age 12 arrested for shoplifting $4 37 from McLellans. released to parents. Mrs Albert Hamman suffers ankle fracture. patient at St Luke's. Mrs Marion Mitchell’s father Clarence Winkelman dies in Jefferson. services held there. Mrs Clara Drake’s sister Mrs R J Schnurrer dies in St Paul. other relatives noted.
Oelwein city council names March 12 for a public hearing on proposed storm sewer improvements in downtown Christensen area. The project involves Youth Fined Mark A. storm sewer work and affects residents including 19 year old Christensen of 1600 Sixth Street.
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