Stocks Drop Some Gains
CHICAGO AP hogs sold mostly 25 cents lower Monday. Slaughter steers and sheep were steady.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 15, 1965
Page
12
CHICAGO AP hogs sold mostly 25 cents lower Monday. Slaughter steers and sheep were steady.
Estimated receipts show 2,500 cattle 1,000 hogs 500 sheep in Chicago ledgers. Hog quotes mostly 25 lower with various weight ranges. cattle and cows mixed with scores of price bands, Des Moines and Omaha markets note demand stable to lower with sows and steers moving at adjusted bids.
Wholesale prices steady across categories with little change. Potatoes arrivals and availability mixed as market activity shows firm to slightly stronger demand for round reds and russets, while round whites slow. cattle prices listed for Sioux City market. New York notes adequate demand for creamery and mixed colors with varied scores to standards.
Two Standard Oil dealers from Cedar Rapids and one from Decorah win trips to Paris in March as part of a 14 person sales contest group from five states. The travelers, led by Mr and Mrs Darwin Heather and others, gather in Kansas City March 21 and return March 27 aboard an Air France jet.
Washington AP reports another cutback in the production of fissionable materials for nuclear weapons and reactors. The anticipated action likely involves further reductions in enriched uranium, following President Johnson's prior 40 percent cuts over four years and a 20 percent cut in plutonium production.
Cedar Rapids market Monday shows 25 cent drop for butchers and steady sows. Satur day bulk 200 to 230 pound butchers quoted $16.75 to $17.00. packing sows about 300 pounds bid $14.50 to $14.75. Plant-delivered quotations reflect grades and conditions, with discounts by weight groups. Local Scout events include West Union and Independence district activities with flag presents and campouts.
Gov. Harold Hughes challenged a proposed bill requiring each school district to have at least 1500 students. He declined to take a position on a related bill to be debated in the Iowa senate, which would mandate all high schools be supported by July 1, 1966. He argued the 1500-pupil minimum would overburden some districts from the current 300 minimum.
Malaysia’s top security official on Monday reiterated charges that communists incited rioters who smashed windows at a U S information service library after socialists, defying a police ban, protested the arrest of socialist leaders said to be plotting with Indonesia. Troops and police ended the clash.
In Chicago trading under an almost-over dock strike, soybean futures slumped for a second straight session. Prices for soybeans closed unchanged to 6 3/4 cents lower, with wheat corn oats and rye showing broad declines and cash grain prices listed for various yellow and white oat types.
Sam Shulsky explains how over the counter quotes differ from exchange quotes. A bid is the price a buyer will pay and the asked price is what a seller will take. Counter quotes vary and lack a single trading post, making exact prices opaque. The counter market relies on brokers via telephone and telegraph networks.
John H. Brinker, former executive vice-president at Cherry-Burrell in Cedar Rapids, is named director of sales for the north central region of A. O. Smith. He replaces Allan C. Persison who has been transferred. Brinker will remain president of Glas kote Products but gives up its general manager duties.
In Dolgeville New York state police estimate two days to recover the body of James Mitchell a 23 year old chemist from Winthrop Massachusetts trapped in Schroeder's Cave near Utica after being submerged under a waterfall. Two companions escaped as rescue teams plan to break through the roof of the cave using machines rather than dynamite.
Marion branch YMCA will launch two new classes by March 1, leather tooling taught by Mrs Arch ie D Conklin starting Feb 1 and held Mondays at 1 pm, and millinery taught by Mrs Eugene Frye starting March 1 with sessions Wednesdays at 1 pm. Also listed are Tuesday readings: knitting 9 30 am volleyball gym 12 pm oil painting 1 pm girls cheer 4 pm gymnastics 5 25 pm Junior Hi Y ninth grade 7 pm and keep trim class 7 30 pm. Best Tre Maitron’s Best 4 H mothers breakfast featured talks by Janet Kissling Chery Fernow Judy Jordan Karen Reader and Kathy Marax on baked goods science and quality.
Minnesota group from Spring Lark Park will view Marion high school facilities on Friday. John H. Messerli notes the state department of public instruction recommended the visit to Marion and the College Community district facilities. The report mentions hospital stay for Mrs. Alice Pratt and an upcoming facility opening in fall 1963. A Linn's Best 4-H club meeting was held with talks on Modern Math and nutrition. Two Cornell students are practicing teaching at Linn-Mar high school. Charles E Bowman hospital note.
Cape Kennedy Florida March Ranger 8 mission plans a 63 hour flight to photograph the Moon before crash landing. The Atlas Agena rocket will launch to orbit a winged satellite named Pegasus to study rocks and mountains and meteoroid hazards. The target area is the Sea of Tranquility as seen from Earth.
Rep. H. R. Gross says polls show Peterson and his attorney claim automatic recount rights after Gross won by 419 votes in the Iowa canvass. The contest centers on voting machines and ballots while Saturn I Pegasus flight plans aim to test shielding and debris impact as Ranger 8 continues lunar photography.
DES MOINES UPI reports a Democratic senator claims enough votes exist to defeat a move to repeal Iowa right to work. Warren Kruck asserts Senate support, while election officials preserve ballots and machines as instructed. The piece notes potential Nixonian timing and federal funding actions to Iowa City urban renewal.
A report notes senators attended the services for Burrows. The clip mentions events and local ads including a Court of Honor for Boy Scout troop 35 at First Methodist Church, a Lions Club talk by Rev Thomas Sears, a Mari-Linn 4-H sweetheart banquet, and local political debate over the right to work law amid Governor Harold Hughes and union leaders.
Havana AP report says Fidel Castro has moved an old-line communist from a key post Carlos Rafael Rodriguez heads Cuba's Agrarian Institute and has taken the job himself The government announced Marion Mothers club will meet Thursday at 7 45 p m at 1305 Maplecrest drive Mrs L LeRoy Michel a Marion school system teacher will speak on Kindergarten Preparation
Directors of National Oats Co declare a quarterly dividend of 20 cents per share payable March 1 to stockholders of record February 19. The action reflects the company’s ongoing earnings and shareholder return policy.
Jacqueline F. Piehl, 24, of Des Moines, faces six bad checks totaling 189.04 drawn on a Denver Iowa bank. She was arraigned before Judge Maxwell in Belle Plaine and held on 1000 bond as she awaits a plea. The Des Moines town senate met briefly to honor Sen. R. O. Burrows.
Becky Stiefel, a senior at East Buchanan school, was crowned queen of hearts at the Jaycees Valentine ball Saturday night in the Gala ballroom. She is the daughter of Harold and route two residents of Independence.
Monticello officials voted to acquire more land on South Street from the John Schneider estate to add off street parking. The parcel lies south of the land bought for a new fire station.
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