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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 18, 1969
Page
21
Stocks finished down on Tuesday extending Monday’s slide as analysts cited inflation worries and possible 10 percent surtax. Dow fell over 10 points by midmorning then recovered slightly, with volume rising but not alarming. Cattle prices at Omahaiday market showed mixed gains with steers and prime lots leading, others steady to strong.
C R Markets reports steady Cedar Rapids hog prices on Tuesday with 200 to 230 lb butchers at 20.00 to 20.25, packs 300 lb and lighter at 17.50 to 17.75, and weight-based reductions for heavier hogs. Delivered feed and grain prices shown include corn at 1.04 to 1.08 and soybeans at 2.50.
AP dispatch from Chicago reports USDA Onis estimated receipts of 3,500 hogs with no cattle or sheep estimates. Butcher hogs were steady to strong with some up to 25 cents higher, slaughter steers steady to strong, heifers up 25 cents, and lambs steady.
Hog prices held firm with 3 500 head slaughter, butchers steady to 25 cents higher. 205-225 lb butchers 22.00-22.25. 230-260 lb 20.50-21.25. sows 18.00-18.75. 500-600 lb hogs 16.50-17.25. Cattle and calves show steady to strong slaughter steer values 28.50-30.00 for 28.50-30.00 yield grades 2-4. heifers 28.25-29.00. cows 18.00-19.50. Sheep 200 head, lambs 28.50-29.00 for 90-110 lb woolled slaughter.
Trade moderately active and demand generally good with butchers steady to weak. Lows steady. Tuesday receipts estimated at 85 000 with prior weeks 73 000 and 85 000 last year. U S 1 3 200 230 lbs 20.00 21.00. other ranges and sow prices provided.
In Chicago on Tuesday most commodity futures held narrow price ranges and closed mostly lower. Open and close were active and mixed while mid session trading was slow.
In Chicago cash grain quotes, No 2 hard yellow and red futures show slight changes with values around 1.424 and 1.374 per bushel for corn and related oats and soybean oil readings. Agricultural market observers note firmer activity in soy products and meal trends.
AP USDA data from Des Moines notes steady steer beef and hog prices with higher 14 to 17 pound hogs and fresh pork cuts varying by weight. Report mentions heifer beef sales not confirmed and bellies and spare ribs at mixed quotes with several price ranges across weights.
Listings show egg offerings adequate for large white 39 to 41 cents and brown too few to report. Fancy medium 37 to 39 cents. browns scarce. Net white 34 to 35 cents. standards 36 to 39. Butter offerings ample. demand slow. Grade BA 679 to 679, A 67 to 674.
UPI USDA notes total potato shipments at 480 with 66 arrivals and 212 track. Russet Burbanks demand good while round reds are slow. burbanks firm, reds dull. Ida ota sales 502.75. Eggs show Grade A whites 36, mediums 34, standards 36, checks 27.
Ford Motor Co. announced 1968 full year profits of 627 million dollars or 5.73 a share on sales of 14.1 billion. The company set fourth quarter records with 3.8 billion in sales and 164 million in profits or 99 cents a share. The year marked the auto industry’s best ever U.S. sales at 9.6 million, surpassing 1965’s 6.3 million record.
Orval H Fink manager of Sun Mart store No. 4 at 2300 Johnson Ave NW receives honorable mention in a national lettuce display contest. He earned a $50 prize from Western Iceberg Lettuce Inc for one of 28 top displays last September.
A Clyde Dunlap farm tractor burst into flames after gas overflow while filling a storage tank. Anthony Wayne Dunlap, 14, left the tractor running and dropped the tank cap. Fire damaged the tractor and slightly scorched a nearby granary. insurance partly covered the loss. Hopkinton firefighters responded.
Community notices cover NARCE meeting at 1 30 p m in the Gray YMCA, breakfast at Jerry's drive in 715 Ist Ave West 5 00 to 9 00 a m Monday through Saturday, Kiwanis Brotherhood Week panel at Roosevelt hotel Thursday 6 p m, and Optimists panel at Elks club. Also include dean's list mention for Michael J Duggan, a theft report of a $140 stereo, purse snatching at Speed Wash, a mother's death in Sumner with funeral arrangements, and nursing association meeting details.
Readers are invited to place frequent ads in the want ads section to promote ongoing services. The notice highlights affordable rates for regular advertisers and encourages scheduling of repeat placements.
Col F G Gosling named chief of staff of the U S army training command attachment at Ft Knox Kentucky. Other service notes include 40 day home leave for James Bledsoe en route to Vietnam, Larry Schauf promoted to specialist 4 c in Vietnam, Ellen Graves promoted to commander in the Navy nurse corps, Larry Hefflefinger promoted to specialist 4 c in Alaska, Gerald Cornwell advanced to marine lance corporal in Vietnam, Capt Donald Harlan awarded the Distinguished Flying Cross, and Army Chaplain Dean Morey awarded the Legion of Merit in Vietnam. Navy recruiting station update follows.
The station announces new hours extending to 9 p.m. on weekdays and Saturday access from 8 a.m. to 4 30 p.m. This expansion appears to aim at increasing public convenience and service availability.
Five Grinnell college students face indecent exposure charges after a February 5 campus protest during a Playboy magazine speech. Defendants are Frederica Nelson Brooklyn Iowa Mary Malcolm Oklahoma City Catherine Leder Allen Park James D Rudolph Elmhurst Jr and Freda F Tepter Brooklyn New York. Six women and four men briefly disrobed to protest sensationalism of sex.
In Rainsville Alabama residents faced freezing temperatures and loss of electricity threatening baby chicks. Fifteen guardsmen from Fort Payne’s First Engineer Battalion installed four emergency generators to provide power for water heat and lights at local chicken farms while Sand Mountain Electric Cooperative crews restored disrupted service from weekend ice storms.
The Commerce Department said labor disputes and tax increases helped slow growth as January personal income rose to a seasonally adjusted annual rate of 715 billion dollars, up 1.6 billion from December.
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