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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 28, 1961
Page
3
Chicago AP market roundup shows butcher hogs mostly 25 cents lower with cattle and calves mixed as steady. Slaughter hogs range 14.25 to 18.50 for various weights, cattle prices feature prime loads around 28.25 and 23.75 to 25.25 for mixed grades, and vealers and lambs noted with ranged values.
Waterloo UPI reports a priced livestock listing with weights ranging from 160 to 400 pounds and prices from 8. to 16.75 dollars per hundredweight. The catalog shows several weight ranges and corresponding bids including 180 to 190 pounds at 16.08 dollars and 360 to 400 pounds at 15.90 dollars per hundredweight.
UPI dispatch notes higher prices for slaughter steers and heifers with gains up to 25 cents. Good and choice calves quoted around 23.00 to 26.25 per hundredweight, reflecting solid demand at the market.
OMAHA AP USDA cattle receipts total 6 500 with calves and slaughter heifers noted. Prices include choice steers around 25 50 and choice heifers near 24 25. Strong demand implied by market activity and slaughter figures.
Prices Tuesday in Cedar Rapids were steady with Monday’s hog quotes for 200-230 lb butchers at 17.00 to 17.75 dollars and some at 18.00. Packers list lower weights and weight groups. grain prices show No 2 yellow soybeans at 2.7 dollars and oats at 60 cents. Des Moines reports modest activity with cattle prices mixed and receipts around 65,000.
Dr. F J L Blasingame of the American Medical Association calls President Kennedy s proposals for hospitalization and nursing home care for the aged unrealistic limited and coercive while praising the broader program. He says the AMA supports general goals but cannot back mandatory hospital care for those over 65 under social security.
New York AP reports steels led gains as stocks stayed broadly higher late Tuesday afternoon. Trading was heavy with volume around 5.9 million shares, the heaviest in five years.
In Chicago on Tuesday old crop soybeans gained strongly as demand remained robust. Grains finished mostly mixed with wheat up to 4 cents, corn up 2 to 4 lower, oats around unchanged to lower, and rye up to 4 higher, reflecting variable activity in the market.
Chicago AP report notes no sales of wheat oats or soybeans. Corn No 4 yellow at 1.08. Soybean oil 13 percent sn. Barley mixed with choice at 1.10 to 1.20 and feed at 0.93 to 1.00 per unit.
AP dispatch from Chicago notes wholesale butter prices up 3 points with varied grades, white and mixed potato prices steady to weak, onions and greens mixed. White Rock fryers and roasters show unchanged values while red potatoes show light supply and moderate demand, with several regional price points cited for Russets and round reds.
AP dispatch notes ample supplies of large eggs and adequate mediums and smalls with light offerings on extras and 40s. Demand remains steady and prices unchanged as USDA data reflect market stability.
The advice stresses building a savings cushion before investing. If money is scarce for essentials, invest none. Once you can save, consider low or no commission routes like mutual funds and professional management. Buying small stock or store issues now would incur higher costs and greater risk, with prices already falling.
London and Reykjavik announced an agreement recognizing Iceland's 12 mile fishing limit in a rich North Atlantic zone. Britain conceded to the limit on a key fishing area dragged by British trawlers.
Moscow reports that Soviet TV showed two of President Kennedy's news conferences as part of a cultural exchange. The broadcasts touched on Khrushchev potentially visiting the UN and a possible Kennedy Khrushchev meeting, with Kennedy saying he had not heard if Khrushchev would come.
Open AA meeting set for Wednesday 8 p.m. in club rooms 10914 Second Ave SE. All Dairy Queen stores open Wednesday March 1 with free cones 2 5 p.m. for children. Story Hour at library Wednesday 10 30 a.m. theme After the Sun Sets. Mr and Mrs Albert Briles attend funeral in Ottumwa. Chili supper Cedar Hills Community Church Wednesday 5 7 30 p.m. Lenten lunch Friday noon YMCA speaker Don Birdsell. Personnel Managers committee meets Wednesday noon YMCA Jack Kofender presents Preview of Data Processing in 1970. Aluminum windows sale Shelgal weather stripped 11.99 ends March 5. Theft transmission cover from car. $65 stolen from room at 40815 Second Ave SE.
Between Sunday night and Monday morning a larceny occurred with a spare tire gear shift knob and windshield wiper taken from a car. Milton Overly reports the theft at 807 Shaverrd NE. Cedar Rapids events include a breakfast club pictorial review by Kyle Mills at 7:30 AM Thursday, the West Side Civic Club featuring Prof Edwin T Settle Wednesday, and Jefferson High School swim classes beginning Wednesday night with sessions for beginners and intermediates.
John W. Loughren 18 Prairieburg received 45 days in Linn county jail and a $60 fine for reckless driving faulty brakes and failing to report an accident. James Preuss 20 Coggan got 20 days for beer on highway and beer bottle throwing. Crow 21 Winthrop suffered facial lacerations. Janice Andersen fractured vertebrae and was hospitalized.
Link-Belt on Tuesday reported a drop in sales and net income from 1959 to 1960. Sales for 1960 totaled 149.62 million with a 6.14 million net income, or 3.25 per share. The decline, mainly in the second half, affected standard product lines and materials handling equipment. President Robert Becherer cited mixed results and an expected upturn in 1961.
Washington sources say President Kennedy plans to defend G. Mennen Williams regarding his controversial Africa trip. Kennedy reportedly ready to back Williams if the topic arises at the Wednesday news conference.
An international company with over 200 offices offering temporary office, industrial and technical staff seeks representation in Cedar Rapids. The program is formed with an established business, costs covered by the company except for local office space and personnel, and includes national advertising and Home Office leads. Personal inspections and full due diligence are required.
Deere & Co. announced record first quarter sales of 106.2 million for the 1961 fiscal year. Net income rose to 4.1 million for the quarter ending January 31, up from 3.2 million a year ago, with prior year first quarter income at 7.2 million in 1959.
W M Haselton announces two Cherry Burrell positions J H Kelley named quality control manager and S T Christ appointed field service representative Kelley is a University of Iowa graduate and has worked with Cherry Burrell since 1946 Christ is a 1953 Coe College graduate.
Perry W Burgess 72 a Palo area farmer and lifelong resident died Tuesday after a brief illness at Veterans Hospital Iowa City He is survived by two sisters Emaline O Shannon and Adeline Drounebarger both of Palo and a brother Theodore Burgess of Cedar Rapids He was a member of Palo Methodist church and the American Legion Services will be held Friday at Palo Methodist Church at 1 30 p m Burial will be at Oakwood Cemetery Shellsburg with Legion military rites Friends may call at Turner chapel after 1 p m Wednesday until 9 p m Thursday
The AFL-CIO Executive Council votes a temporary 3 cent monthly per member levy amid unemployment and aging membership losses to cover deficits. Officials anticipate a permanent 2 cent hike at December convention to raise dues to 7 cents.
Consolidated Foods Corp plans to acquire Eagle Food Centers Inc adding 3 Eagle markets to Cedar Rapids holdings. May's drug stores and Piggly Wiggly Midwest run 7 and 3 Cedar Rapids outlets as divisions of the parent. The deal values at over 16 million dollars based on stock exchanges and targets 13 Cedar Rapids locations total.
The FAA announced a new three layer airways system to take effect April 6 and reduce pilots reports in the 14,500 to 24,000 foot band. The lower floor of controlled air space will drop from 24,000 to 14,500 feet to cover most long range propeller aircraft. The intermediate layer fills the gap between the existing low and high altitude routes.
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