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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 14, 1964
Page
5
New York markets opened with declines but many stocks steadied as trading extended into Friday. Volume reached about 4.5 million shares, down from 4.83 million the previous day, with losses concentrated in a few key issues and many declines fractional.
Chicago hogs sold steady to strong with some 25 cent gains. cattle and lambs showed limited tests and varied by weight, as receipts and bids differed across Des Moines and Omaha markets. Slaughter hogs and sow ranges noted, while cattle prices highlighted mixed choice and prime weights and regional firming or softness.
Iowa City lawyer and former Iowa legislator Scott Swisher, 44, imprisoned for failing to file federal income tax returns, had his case sent to the Justice Department for parole review. Swisher, serving six months at Springfield Federal Medical Center, resigned his legislative seat last month. He faced tax years 1957 to 1960 with penalties over 16000 dollars. he cited his father's illness as the cause.
Chicago AP reports Friday trading saw grains advance with demands increasing. Wheat rose 1 to 1.5 cents, soybeans up 1 to 1.4 cents, corn up 1 to 1.5 cents, oats up 1.4 to 1.4 cents, rye up 1.4 to 2.4 cents.
Chicago cash grain reports show No wheat or soy sales with No 1 yellow corn at 1.212, No 2 at 1.21-1.2 12, No 4 at 1.14 and soy bean oil at 8n. Waterloo hog quotes list butchers 10 cents lower and sows steady with various weights priced from 10.75 to 12.90, highlighting market movement.
AP notes steady butter with mixed price levels and stable egg prices below 2 to 1 lower wholesale bids. Potatoes arrivals and shipments show 178 and 504 total with demand improving, market firm. carrot track sales feature Idaho russets and River Valley round reds amid limited new supplies.
Egg demand on the rise with on demand light and fancy heavy eggs priced around 33 to 34 per 47 pounds minimum. No. 1 medium eggs average 31 to 32 with standards at 32. Butter supply adequate and demand improving for bulk. Prices unchanged.
C R Markets reports Cedar Rapids hog prices steady to weak Friday with Thursday bulk 200 to 230s at 14.50 to 14.85 dollars. Packing sows 12.75 to 13.25 dollars per 300 pounds. Butchers and packer price adjustments apply by weight. Oats 36 pounds minus 65 cents. Eggs A large 28 cents, mediums 22 cents, checks and DIRTYs 6 to 8 cents.
Two guards for an armored express service were wounded during a gunfight with two men dressed as medics who tried a hospital holdup at Evanston Illinois. The would‑be robbers, wearing surgical gowns caps and masks, fled on foot through tunnels on the grounds.
Listing of prices for corn derivatives including crude corn oil per tank car at 5.47 to 6.90 cents per pound and other products like corn syrup, pearl starch, powdered starch, refined grits, and dextrin in paper bag or tank car formats. Cedar Rapids Iowa facility notes carload per cwt values and standard moisture terms.
The Federal Reserve Board reports January industrial output at 127.1, up from 127.0 in December, with gains in television sets and household goods offsetting a small lag in autos. Overall factory mine and utility output stands 27.1 percent above the 1957-59 average. construction and retail sales showing little change.
Kalona report shows the 1964 Heart Fund drive raising 472 dollars with Mrs. Eugene Way as chairman and 26 volunteers assisting the effort.
A 42 inch 42 pound Bostrom T Board offers torsion spring action and can be used on docks pools and boats without fastening. Corning introduces a drip coffee maker with a valve flow system and Pyroceram server. New sunglasses from Bausch & Lomb designed for pilots provide downward visibility without tint. A nylon snap strap towel offers versatile attachment options from Morgan-Jones. Mead Johnson unveils Nursette ready-to-feed infant formula in disposable glass bottles for home use. Klean-Strip releases a liquid cleaner for grease and oil on garage floors.
Cleaning driveway surfaces requires applying the cleaner to the area then scrubbing with a stiff brush. Rinse with water after scrubbing and ensure the area dries thoroughly to finish the process.
Sam Shulsky notes a 1929 style crash is unlikely today due to higher margins SEC oversight and institutional stabilizers. He explains preferred shares are generally safer for income and claims but vary by company and terms, citing American Can GM and U S Steel as examples of large declines in both preferred and common during the period.
London AP report details Donald M. Goodman a 37 year old company director living with his wife Anita Goodman and two additional women Miss Dorothy Busey and Mrs Gwynneth Spooner in a single bungalow. Anita Goodman won a divorce on cruelty and misconduct with the judge calling the arrangement bizarre in the extreme.
Ebenezer Theophilus Ayeh acting principal secretary in the ministry of information and broadcasting was found guilty of publishing false news and sentenced to nine months in jail. The sentence was suspended on appeal. He allegedly told Illian Coleman director of broadcasting that President Nkrumah had shot a Ghanaian soldier.
Frank Sinatra Jr testified in federal court that he threatened to kill two of his kidnapers on December 10 if not released, saying he believed his life was at risk and the captors warned they were physically larger. He described the exchange while held in a guarded hideout during the trial of three men charged with the kidnapping.
A compact note frames classified ads as the supermarket of advertising, calling The Market Place of Millions a hub for diverse listings and commercial notices.
Premier Khrushchev told the Soviet party cenral committee that farm bureaucrats must adopt Western science and practices or be replaced. He called for streamlining farm operations and warned against distortions of his corn campaign while outlining plans for pensions, chemical industry gains, and sugar imports from Cuba.
The House Armed Services Committee urged immediate start on a new long range bomber to replace the B 52 and B 58 authorizing 92 million for the bomber and improved interceptor. The panel backed Gen Curtis LeMay over McNamara and included the funds in a 16.9 billion defense bill.
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