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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 27, 1961
Page
16
Chicago livestock market shows hogs strong to 25 cents lower on largest Monday since Jan 30, with cattle 25 lower on steady to lower bids. USDA figures list mixed weights for hogs and cattle, including 190-220 lb hogs at 18.00-18.60 and prime cattle around 28.25 per hundredweight for 1,225-1,325 lb offerings.
Cattle receipts at Omaha totalled 175 calves with limited slaughter sales. Seven steers and heifers traded unevenly weaker, not enough to establish a trend. Bulk remains in first hands. Good and choice steers brought 22.50 to 25.75, most 24.50 to 25.50, and good and choice heifers 21.50 to 25.00.
The New York stock market posted a sizable gain in heavy trading Monday with volume around 5.4 million shares. Industrial averages closed higher with the Dow 4655.60, Railroads 146.23, Utilities 107, as reported by Francis J. duPont & Co. and W H Jump, manager.
Cedar Rapids market prices Monday held steady from Saturday. Butchers 200-230 lbs brought 17.00 to 18.00 dollars delivered at plant, graded by condition. Packing sows under 300 lbs quoted 15.75 to 16.75. Heavier butchers and packers saw price declines of 25 cents per 10 lb weight band up to 550 lbs.
Fragmentary OCR lists numbers and supplier codes such as McKay Mach and Cohn Elec with percentages and product tags like Technicolor and Sonotone. The readable items include references to manufacturers, shield, pack, and various coded entries without a cohesive event or narrative.
The notice lists egg prices with sizes and conditions and grain prices for No 2 yellow corn 8c soybeans 2.61 dollars oats 60c. It notes higher payments for plant delivered eggs.
Consolidated Foods Corp will acquire Eagle Food Centers Inc. subject to Eagle stockholder approval. The deal would exchange 1 Consolidated share for 1.78 Eagle shares, with 376,603 Consolidated shares to be distributed to Eagle holders. Both companies operate in Iowa and Illinois.
UPI reports moderate activity with steadiest to 25 lower. Receipts estimated at 80 000 versus 100 000 last week and 81 000 year ago while Saturday totals reach 23 000. Carcass and butcher weights show varied ranges from 180 to 550 pounds with prices from 14.00 to 18.00 per hundredweight depending on weight class.
Sioux City cattle market reports receipts of 13 000 head including 3 500 stockers and feeders and 1 000 calves. Prices noted for good and choice steers and heifers with ranges around 25 dollars. Stronger demand implied for stocker categories.
Soybeans surged near the 10 cent limit on Monday with gains of 1% to 914 as traders cited Spain buying 50,000 tons of soy bean oil for delivery next month. Wheat fell up to 4, corn and oats moved lower, rye rose modestly.
Prices for corn soybeans and barley show varied bids in Chicago futures trading. The report notes bids for No 2 heavy white oats and other grain classes with livestock feed values and exchange rates indicated, reflecting market volatility.
Chicago AP reports wholesale buying and arrivals in the produce market with russets barely steady and round reds in good demand. Idaho russets listed at 4.80, long-ton russets 4.10, Red River Valley round reds 2.25 to 2.50.
AP summary notes USDA dairy and egg market signals in New York with ample butter demand and fair to adequate egg offerings. Prices show variability across grades while standards and checks appear in fragmentary figures from the creameries and related markets.
Investors' Guide offers early guidance for a 10 and 11 year old with $60. Because of property laws, stock must be bought in a parent’s name in trust. The adviser suggests growth stocks, notes dividends will be small, and cautions against chasing high share counts by buying cheap stock.
A two story brick house in Moorhead Iowa collapsed Sunday after noon. Mr and Mrs Donald Freck and five of their seven children were inside but escaped unharmed. Two children were hospitalized with minor injuries at Onawa. A small fire started after the collapse but was quickly controlled. Freck is unemployed and the couple are expecting their eighth child.
The notice promotes a 8:30 PM Monday TV program featuring Adam Troy aboard the Tiki for adventures in paradise. The teaser emphasizes a voyage theme and the late time slot. It targets viewers seeking travel and entertainment on television.
Community notices list events across the city including meetings at Cedar Valley chapter library and Kenwood Park Presbyterian church. Personnel updates report hospital visits, visitors, and returns from Mercy hospital. Damages thefts and legal actions are noted with addresses and names of residents involved.
Rachel Whitesel daughter of Mr and Mrs Harry A Whitesel of 320 Forester SE Greencastle Ind has been named to the dean s list for the first semester at DePauw University in Greencastle Ind She is a freshman majoring in art Also contains unrelated lost and found ad fragments from a newspaper page.
Overnight entry gained by cutting a hole in a window at Henry R. Lubbens residence located at 3600 Cottage Grove avenue SE over the weekend. No further details provided.
The Supreme Court split 5 to 4 upholding contempt convictions of Frank Wilkinson and Carl Braden for refusing to answer HUAC questions in 1958. Wilkinson led the National Committee to Abolish HUAC and Braden promoted racial integration while criticizing the committee. Justice Stewart wrote the majority opinion with four dissents.
Larry Jordan a 20 year old inmate at the Anamosa Iowa men’s reformatory escaped from University hospitals where he was a surgical patient. Authorities believe he may have left in a car wearing prison garb. Jordan entered the reformatory in 1958 for larceny of a motor vehicle and was not guarded at the hospital.
Washington reports the Federal Reserve Board survey of about 17 000 families shows slightly more consumers planned to buy a new car in January 1961 than in January 1960, with signs of a pickup in the used car market and weaker intentions for major appliances and houses. The survey is conducted every three months by the Census Bureau.
Dr M Willard Lampe longtime head of the University of Iowa school of religion was honored at First Presbyterian Church in Iowa City as he retires after 50 years in ministry. University President Virgil Hancher lauded Lampe as a pioneer in religious higher education.
Mrs George Lillie Rus sell of route 1 Marion died Saturday at her son Rev E E Russell’s home in Marion. Born June 20 1872 near Ottumwa she is survived by son Paul of Santa Barbara California 11 grandchildren 21 great grandchildren and sister Agnes Clark of Rose Hill Funeral services are tentatively set for Tuesday afternoon at Powers funeral home Oska loosa with burial in Forest cemetery.
The Marion high school band will perform Friday morning at the Dorian music festival on the Luther college campus in Decorah and will headline the event. Three band members Mary Berlin Sharon Moore and Lary Nelson will participate.
President Kennedy flew back to Washington from his Virginia retreat after spending Sunday in the hunt country. High winds forced a Sunday auto trip, but he resumed with a helicopter return. He spends less time at the estate than the First Lady who was there most of last week aside from a Tuesday social engagement in Washington.
A Cedar Rapids Chamber of Commerce notice says a GE flight propulsion division symposium will be held in Chicago the first week of April. Suppliers offering any of many items may receive invitations by contacting the chamber by telephone.
The Lindale Plaza postal substation at May's Drug Store closed at close of business Saturday on the store’s request. Bids are sought to reopen at a new location. information is available from the postmaster. Nearby substations remain at May’s Town and Country Store and Kieck’s Store on Oakland Road and 32nd Street NE.
Morocco's 51 year old King Mohammed V dies after nose surgery complications. Crown prince Moulay Hassan is proclaimed King Hassan II. Mourning crowds fill streets while world leaders send condolences. The cabinet declares seven days of national mourning.
Linn county draft board reports four doctors scheduled for physical exams. Two will report to Des Moines on Wednesday, the other two on March 8. Orders for the four have been issued, and no additional March calls have been received.
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