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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 24, 1969
Page
25
New York AP reports the Dow Jones Industrial Average fell 12.68 to 903.97 as trading ended three minutes early. Declining issues outpaced advances about 3 to 1, with volume around 12.7 million shares. last week the index shed 35.30 points amid active selling and a cautious tone in broad markets.
Des Moines Iowa senators William Palmer and Clifton Lamborn asked the senate social services committee chairman Ernest Kosek to form a panel to study the needs and possible abuses of Iowa s aid to dependent children program. They cited public concern that many children receive state aid because fathers fail to support them under divorce decrees.
Official Tuesday receipts in Chicago show 1200 cattle and 3500 hogs with no sheep estimate. Butcher hogs sold steady to 25 cents lower on Monday while slaughter steers heifers and woolled lambs held steady in the market report.
Chicago market summary shows hogs around 5000 head with 1- to 3-day prices mostly down 21.75 to 22.25 for 205 to 225 lb butchers and 20.75 to 21.50 for 200 to 240 lb ranges. Cattle at 8500 head, all slaughter classes steady. prime 1200 to 1350 lb steers 31.75 to 32.50. heifers 28.75 to 29.00. cows 18.50 to 19.50. Sheep 200 head, lambs 29.00 to 29.25 for 90 to 113 lb.
Trade in Des Moines remains fairly active with good demand and mostly steady butchers, down 25 cents. Receipts estimated at 95,000 for Monday, with week-ago 106,000 and year-ago 86,000. prices range for U S 1-3 200-230 lb hogs at 19.75 to 20.75, with broader spreads across weights and sow categories.
UPI reports Omaha cattle market with 10 500 head of calves and light demand for steers and heifers. Cows held firm to 25 lower while high choice and prime 1200 lb steer quotes ranged around 28 85, with gasps of activity across lighter weights and utility cows at 18. 9 to 20.00.
Sioux City stock market note from AP and USDA lists cattle prices with steer and heifer weights and prices. Includes 18 steers 950 to 1300 pounds priced around 298.25 and 850 to 1050 pound heifers priced at 26.0, reflecting market data from Sioux City.
C R Markets reported Monday prices on the Cedar Rapids hog market were steady to 25c lower for butchers and steady for packers. Saturday’s bids for country and plant delivered butchers at 200 to 230 lbs ranged from $20.00 to $20.35, with packing sows under 300 lbs at $17.50 to $17.75. Butchers see 25c off per 10 lbs from 230 to 260 lbs and 50c off per grade to 300 lbs. Packers face 25c off per grade from 300–360 lbs, 50c off per grade to 500 lbs, and 75c off per grade above 500.
CHICAGO AP settlement of the Longshoremen wage dispute at additional sites over the weekend failed to influence commodity futures Monday. Active selling of wheat opened with losses of nearly one cent a bushel before some resistance developed. Corn prices opened irregular and held a mixed pattern through the first hour.
Chicago market notes show No 2 hard red winter corn at 1.37 dollars per bushel No 2 soft red winter corn at 1.17 oats No 2 extra heavy white at 72 cents No 2 yellow soybeans at 2.63 soybeans oil at 9.20 dollars per barrel and more.
ICago produce market shows ACL USDA POT shipments total 1080 arrivals 237 moderate demand and supplies. Track lists Idaho Burbanks round reds and North Denote round reds with butter percentages and various grade notes.
Market note lists sizes and prices for white and brown onions and other items with ranges in quality categories. Indicates demand is ample and offerings sufficient for current consumption.
In Des Moines the Iowa Senate approved by voice vote a resolution urging a legislative study of highway litter and the use of pesticides and insecticides in the state. The measure links litter to public health and welfare and calls for control, with an amendment making the directive advisory to the Legislative Research committee.
John Karsten died Sunday night after a long illness at age 89. A one time partner with his brothers in the Karsten Bros coal mine, he began mining at 13 and also farmed. Born in Germany December 3, 1879, he immigrated to the United States and settled in What Cheer in 1881. Survived by sister Marie Switzer and six nephews. Services Tuesday at 2 at Harden chapel with burial in the Catholic cemetery.
AP reports photographer Dang Van Phuoc aged 26 lost his right eye when an enemy hand grenade exploded near his face in Da Nang Vietnam. A three year veteran of combat he had been wounded three times before. He remained listed in critical condition after surgery.
Gruesome autopsy pictures of Robert F. Kennedy's head wound were introduced at Sirhan Sirhan's murder trial in Los Angeles. A ballistics expert testified the bullet struck Kennedy from less than an inch, with other images showing gloves probing the wound. The session also opened with the autopsy bullet and fragments, while notebooks from Sirhan's home were discussed for possible pro Arab motive. The defense plans to challenge warrant issues as witnesses total 42 called in bid to avoid death penalty.
Regular school board session scheduled Tuesday at 7 30 p m in Prairie high school board room. Local ads include interior design services, cleaners, fashion outlets, beauty salons, stamp albums and a mental health center director’s meeting at the YMCA. Cadet Klaus O Schafer named to dean's list at the U S Air Force Academy. David B Bothwell promoted to group commander at Drake University cadet corps.
The Justice Department filed suit in Sioux City to block the proposed merger of Iowa Beef Packers of Dakota City and Blue Ribbon Beef Packers of Mason City. The government argues the merger would eliminate competition in violation of the Clayton Antitrust Act.
Regis Philbin steps away from the Joey Bishop Show to appear in The Outcasts on KCRG TV 9 in color Monday night at 8 00 PM. The guest role marks a notable TV crossover for the star as viewers tune in for the color telecast and performance.
Three members of Congress pressed the Federal Trade Commission to curb deceptive giveaway games at supermarkets and gas stations. They urged formal investigation and stronger rules, citing a staff study that few large prizes are awarded after broad participation. They warned of potential congressionally mandated bans if abuses persist.
Monsanto Co of St Louis and Fisher Governor Co of Marshalltown Iowa announced an agreement in principle on a merger. The exchange offers one share of new Monsanto convertible preferred for each Fisher common share, with a 2.75 dividend and 1.12 Monsanto shares per preferred. Fisher will remain under current management as Fisher Controls Co.
Cub Scouts Pack 77 distributed awards at Trinity Lutheran School on Thursday to Eric Johnson, Ronny Mills, Kenny Sifert, David Bennett, Doug Barnes, Curtis Werning and Guy Bangs, with Fitzgerald noted for a basic rules proposal by the FTC.
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