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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 26, 1963
Page
16
New York trading showed a higher close as support for falling prices appeared quietly and volume neared 3.9 million shares. Gains outweighed losses with mixed fractional increases, while Chicago USDA notes in hogs, cattle, and sheep detailed narrow price shifts across markets.
Allis-Chalmers Manufacturing Co. of Milwaukee with a Cedar Rapids plant reports 1962 earnings of 5.7 million, up from 5.6 million in 1961, on sales of 516.1 million versus 502.2 million. Earnings per share rise to 68 cents from 66. Credit Corp. earns 800 thousand. Farm equipment up 25 percent, construction machinery up 9 percent, engine and fork lift trucks up 50 percent.
John Eggert traffic manager of Allis-Chalmers Manufacturing Co. is appointed regional vice president of Delta Nu Alpha transportation fraternity in charge of western region No. 2. Cedar Rapids chapter meets Friday at 6 30 p.m. at the Sheraton Montrose hotel for a taped program on Impact of Containerization. Oelwein city council authorizes building permit for Red Star Oil Co. to build a new $18000 DX station on the site of its present station.
Chicago AP reports USDA estimates Wednesday receipts 12 cattle 6 000 hogs 1 000 sheep. Butcher hogs sold weak to 50 cents lower Tuesday while slaughter steers and lambs held steady.
UPI reports in Des Moines prices were steady to 25 cents lower with Tuesday receipts about 70 000 and last week 66 000. Butchers for 200 to 220 lb hogs ranged 14.00 to 14.65, 240 to 270 lb at 13.00 to 14.15, and 270 to 300 lb at 12.50 to 13.75, with Lows from 270 to 550 lb in the 10.75 to 14.00 range.
Hog market notes show TERLOO price quotes for Waterloo with UPI prices across weight ranges from 179 to 400 pounds. Butchers' range includes various tiers from 10.75 to 14.00 per cwt and sow prices around 12.75 to 13.25 per cwt.
Sioux City cattle receipts reported at 6 500 with calves 100. Steers and heifers generally weak to 50 cents lower. Early sale showed choice steers from 23.00 to 23.75, high and good to choice 22.50 to 23.00. Choice heifers 22.75 to 23.50, loads around 1 000 lbs at 24.00, good heifers about 2.00 to 2 2 50.
Omaha stockyards report 11,000 cattle receipts and 25 calves with virtually no early sales of steers or heifers as buyers watch prices and demand.
C R MAPKETS reported Cedar Rapids hog market prices Tuesday down a quarter. Butchers 200 to 230 lbs ranged 13.75 to 14.65 with some at 14.75, 1s and 2s 14.25 to 14.65, packers sows 12.75 to 13.75. 230 to 306 weight 25c less, 300 to 360 25c less, over 360 50c less. Also farm springs 9c, heavy breed hens 4c, leghorn stock 5c, springs under 4 lbs 9c. Eggs large 32c, means 28c, dirties 20c. Wool No 1 49c No 2 39c. Grain corn 1.09 oats 0.72 soybeans 2.46.
Investors are informed of changes in stock groups since 1963 start. The memo lists sectors including industrial chemicals electrical equipment oil and aerospace with reference to Standard & Poor’s Morris and Kata. The document notes movements across groups and dates, signaling shifts in portfolio grouping and performance indicators.
In slow trading the Grain Exchange showed a narrowly mixed session as wheat and oats edged lower while rye moved mixed. Soybeans led declines with liquidation sweeping through prices, leaving soybeans down as others fluctuated.
Chicago price list shows no wheat oats or soybean sales. Corn values listed include No 2 yellow 1.23 No 3 yellow 1.2134 No 4 yellow 1.15 1.222 and sample grade 1.22. Barley offers range from 1.23 to 1.30 for moure choice and 1.00 for feed.
AP reports steady wholesale prices for butter eggs and live poultry with minor gains for roasters and white rock fryers. Potato market sees arrivals up, Russets around 4.00 and Red River Valley reds quoted 1.90 to 2.25 with adequate new supplies.
New York report shows eggs plentiful for large sizes and tight for extras and smalls with price range 33 to 40 cents. Butter demand described as liberal with prices unchanged amid steady market conditions.
Sam Shulsky notes that 1961 earnings included a 77 cent non recurring tax credit making real 1961 earnings $2.59 while 1962 earnings are $3.02 without such credits, implying a roughly 17 percent rise. Sales rose 10 percent to over $54 million and backlog climbed 15 percent to over $22 million, with a fair 4 percent yield from dividend and stock extra.
The city council forms a three man board to oversee the municipal swimming pool, accountable to the council. Pool ownership shifted last year from the American Legion to the city, with board members to be named later.
Marion rural school district plans to award contracts for the junior high building on March 28 after a rural board of education meeting set the bid date. Bids open at 8 p.m. following an 7:30 p.m. objectors hearing. Zelma Grimm resigns from Linn-Mar High School. Otting Requiem Mass for Andrew B. Otting at St. Joseph Church Thursday 9:30 a.m. Burial Mt. Calvary. Rosary at Murdoch chapel Wednesday 8 p.m. Friends may call. Rebekah lodge to meet Friday 1:30 p.m. in Mrs Franz Sieck’s home. Camp Fire girls complete baby care course at public library. Lazuli Blue Birds tour Bishop's Lindale Plaza with 12 girls and two adults. Marion YMCA schedule includes cake decoration 10 a.m. women’s handicraft 1:30 p.m. dance 3:30 p.m. judo 8 p.m. Sorg Pharmacy ads.
Local Marion items reveal 4-H club activities including Hawkeyes pest hunt to fund a tree planting at Indian Creek Elementary, citizenship talks, and embroidery demos. Also notes on Rainbow Girls, Woman's Relief Corps, Cub Scout banquet, and co-administrator notice for Roy G. Wright estate in Linn County Iowa.
Marion opens Ever-Soft Water Conditioning at 743 Twelfth Street in the former Chamber of Commerce office. Owner Jack Shebiel, in the soft water trade for three years, has lived in Marion 18 months and the Shebiels reside at 1535 Country Club Drive.
A two million dollar armored truck heist follows a security leak disrupting Hawaii operations. Authorities investigate how the breach allowed theft of cash from the vehicle. Scene details remain under review as investigators pursue leads.
Mrs H L Klinefelter returned home Sunday from St Luke’s hospital where she had undergone surgery.
Charles M. Chadima named executor of Emma Chadima’s Linn County Iowa estate. All debts and claims must be filed promptly with attorneys Barnes Wadsworth Elderkin Locher and Pirnie. Notice dated February 25 1963.
Notice is hereby given that on the 18th day of February 1963 the undersigned was duly appointed and qualified as Executor of the estate of Frances R Shuttleworth late of Linn County Iowa deceased. All persons indebted to said estate are requested to make immediate payments and those having claims against the estate will file them with the Clerk of Linn County District Court Wo C Shuttleworth Shuttleworth and Ingersoll Attorneys.
Notice in Linn County Iowa District Court announces a hearing on March 4 1963 at 9 00 AM to prove and admit as the last will and testament of Horace D O Meara late of the county deceased at Cedar Rapids Court House Iowa Shuttleworth and Ingersoll Attorneys Melvin J McCalley Clerk District Court for probate in faith Cedar Rapids Iowa
The notice states that on the 75th day of 1963 in Linn County Iowa executrices Ary Draheim and Louise Draheim have been duly appointed and qualified as executrices of the estate of Anna M Thompson of Linn County. Carl Hendrickson is named as attorney.
In Linn County Iowa Magdalene L McGivern named Executrix of the estate of Adolph Gustafson late of Linn County Iowa. Signed on the 25th day of filed as Executrix with the Clerk of Linn County Iowa Bordewick and Fischer Attorneys.
Dorothy C. Lee has been appointed and qualified as Executrix of the estate of Edward G. Lee, deceased, Linn County Iowa. All persons indebted to the estate should contact the Clerk of Linn County District Court. Silliman Gray and Stapleton, Attorneys.
Carl Hendrickson Jr signs as administrator of the Ida Lubbock estate in Linn County Iowa filed on the 18th day with Nazette and Bromwell Attorneys listed for the case.
Erba E. Stahle 73 lifelong Solon resident found dead in his home west of Solon. Medical examiner cites natural causes death likely occurred Saturday. Born Oct 1 1889 near Solon he was a carpenter. Survived by three sisters Mrs Anash Solon Florence Stout Lisbon and Mrs Louis Bartosh Ely. Services Brush funeral home Solon 2 p m Wednesday with burial Oakland cemetery Solon.
City Council of Bear Rapids Iowa will hold a public hearing in Cedar Rapids City Hall at 10 00 a m on March 14 1963 to amend the zoning ordinance regarding notice to the public for Board of Adjustment hearings. The notice will be published in Linn County circulation at least ten days before the hearing.
City of Cedar Rapids proposes a resolution to pave College Township Road Southwest in concrete eight inches thick by contract. A public hearing March 2, 1963, and final assessment objections due then. Bids for Riverside Park community building contract to open March 7, 1963 with surety requirements and Iowa preference.
The district court at Cedar Rapids Iowa will hear proof and admission of a purported last will and testament of Charlies O Norberg late of Linn County The hearing is set for 9 o clock on March 4 1963 at the Court Hall Cedar Rapids Iowa The notice is dated February 25 1963 and signed Melvin Begal Ein i Pp at Niner Moree
Notice is given that Louis Elias is appointed administrator of the estate of Lester Elias also known as Lester Elias Sr., late of Linn County Iowa, deceased. All persons owing the estate should pay promptly and those with claims must file with the Linn County District Court. Attorney is Harry Terpstra.
The District Court of Linn County will hear on March 4 1963 at 9 00 A M in Cedar Rapids Iowa a instrument purporting to be the last Will and Testament of Charlies A Scheer for proof and admission to probate. Dated Cedar Rapids Iowa February 25 1963 Clerk District Court.
Linn County Iowa probate notice asks creditors to present claims against the estate of Albert Jelinek by the undersigned. The filing names Leonard G. Jeliner and attorney Joseph J. Severa and cites authenticated claims under Bishop Court authority.
Notice is hereby given that Lois M. Fieseler is appointed executrix of the estate of William G. Fieseler, late of Linn County. Immediate payment of estate assets is to be made to the undersigned.
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