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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 28, 1963
Page
20
New York stocks weakened further as losses widened with about four million shares traded. The market fell from the open, recovered midday, then hit session lows as several key issues dropped fractions to around a point. Brokerage data furnished by Lamson Brothers notes broad selling and varied moves among listed and unlisted issues.
The justice department rejected the printers demand for government intervention in the New York newspaper tieup. Assistant Attorney General Lee Loevinger told Bertram Powers, president of the International Typographical Union Local 6, that no action was warranted under anti trust laws. Powers claimed publishers halted all New York circulation while only four papers were struck.
A federal grand jury indicted Olin Mathieson Chemical Corp and two other firms on charges of concealing kickbacks exceeding 150000 dollars in sales of drugs to Viet Nam and Cambodia. The drugs were financed by the U S government under the foreign aid program.
American Re-insurance Co of New York City declares a 30 cent dividend payable March 15 for stock of record March 5. Inter-Ocean Reinsurance Co of Cedar Rapids is a wholly owned subsidiary of American Re-Insurance.
Chicago with 5500 head butcher hogs sold steady to strong as shipper demand edged up. A few No. 1 and 2 grades reached 15.35 while slaughter steers traded 23 to 24 though supply exceeded test demand.
Chicago reports wholesale hogs at 15.00 to 15.25 for 190-230 lb butchers, with rounds near 15.35 at 210 lb. Mixed 190-400 lb hogs range 13.75 to 15.00. Sows 12.50 to 13.75. Cattle scarce. some loads 900-1100 lb steers 23.00 to 24.00, cows 14.25 to 16.50. Sheep slaughter lambs steady with choice and prime around 104-108 lb. Western wooled lambs at 20.00. mixed shorn and wooled 19.50.
Des Moines reports show live cattle mostly steady with some 25 cent gains. Estimated receipts 60 000 head versus 42 000 last week and 50 000 a year ago, with Wednesday at 69 000. Butchers and sows listed by weight with prices from 10 75 to 14 50 per hundredweight.
UPI report from Sioux City notes cattle receipts of 2 300 with 100 calves. Moderately active trade and a steady to 25 cent higher cleanup. Prices show load high choice including prime steers at 24.25 and bulk choice 23.00 to 23.75. Load high choice including some feeders at 24.00 with most choice 23.00 to 23.50.
Cedar Rapids hog market held steady with Wednesday prices for 200 to 230 pound butchers at 13.25 to 14.25 dollars and some at 14.40. Most 1s and 2s ranged 13.75 to 14.25 delivered to the plant, while packing sows under 300 pounds ran 12.25 to 13.25.
A large group of 140 management and production representatives from Iowa Illinois Kansas and Missouri convened at the Roosevelt Hotel to review 1962 operations and plan for 1963. The meeting, hosted by the Concrete Materials and Construction division led by Martin Buck and Lesher, assessed labor costs and material pricing with figures such as eggs at market rates and No 1 wool at 49c.
A Marion Chamber of Commerce board meeting focused on reviving the Day Newcomers group for new city residents. Other items included a welcome program funded by the Retail Bureau, envelope parking tickets to take effect, and updates on local projects and notices about health clinics and missing groceries theft.
Awards were presented to Pack 35 Cub Scouts at two blue and gold banquets this week. Recipients include Paul Bredin Jeffrey Bradan Steven Woods Bradley Kilburt Chuck Hunt Stan Mulford Danny Kohl Bob Schueler Mark Winistorfer David Bennett David Handley Paul Lever.
The Tuesday banquet at First Methodist church drew 215 attendees as Pack 72 awarded Mike Gott Jon Morris Dan Begley Sam Begley Henry Hansen and Don Zachmeyer. A separate Wednesday event at Washington school hosted 115 people with James Risk presenting Bryce Canyon slides. Mrs. H L Klinefelter thanks friends for support during hospital stay.
In Chicago on Thursday moderate tenders or their absence pushed grain prices with corn rising up to 7 percent while wheat advanced 1 to 4 points and rye and soybeans also moved higher. Oats held steady to up to 14 points, reflecting general buying sentiment in the market.
Wheat No 2 red at 2.10, corn No 2 yellow 1.2354, oats No 1 white 0.78, soybeans not sold, barley quoted. In Omaha cattle receipts 1500, small supply on steers and heifers with prices mostly steady. top loads steady around 22.65 to 23.25 for various steers and heifers.
Waterloo market notes list steady demand for hogs across weight classes. Buyers quote prices for sows and barrows by weight, including ranges from 160 pounds to 400 pounds with price points between 10.50 and 13.30 per hundredweight.
AP notes steady wholesale butter prices with varied grade returns and caramelized figures, eggs fluctuate with irregular wholesale shifts and mixed grades. potatoes show steady demand with limited new supply, Red River Valley round reds listed at 2.10 to 2.25 per unit while overall U.S. shipments total 562 with arrivals 43 and on track 158.
USDA price report lists large light eggs plentiful but mediums and lightweights short. Demand dull and disappointed. Extras around 37 38 1/2 cents per pound, extras medium 36 1/2 cents, smalls 33 34 cents, standards 36 2/3 37 2/3 cents, checks 34 1/2 36 cents. Utter: ample demand spotty, prices unchanged.
A single family home permit was granted at the city clerk’s office for Gordon Mullin to build at 2315 Twenty sixth Street with a cost of 12000. Other permits include James Pirie remodeling at 1760 Tenth Street for 400 and Don Jensen interior repairs at 1101 Sixth Avenue. Community notices list YMCA Marion branch schedules and Rainbow Girls meeting.
Judge Miles Adams presided in Marion police and justice of the peace court. The docket includes speeding cases for Irma E. Gay Ella D. Sulek Marvin McKain Henry L. Dawson Odas J. Williams Arland L. Miller and Arthur J. Krug plus failures to yield control and to follow too close. Improper passing concerns Larry E. McDowell and a suspended fine for Jane R. McLeod. The list also notes overtime parking for Forrest D. Farwell and assault and battery for Ronald J. Reed with suspended fines. The article ends with a note on Marion TV and a public prayer day hosted by Marion Free Methodist church Friday at 1 30 p.m. The theme is Witnesses Unto Me.
Carlyle C. Strang owner of the Strang Locker died Thursday after a brief illness. Born September 23, 1903 in Johnson county, he married Irene Netolicky in 1931 at Moline. Survived by wife, daughter Janet Shott, son Robert Carlyle Strang, two brothers, two grandchildren, and church and lodge memberships. Services at Turner chapel Saturday at 3 with burial in Fairfax. Master Masons to meet at 2 pm.
Classified want ad offers immediate home ownership options. Includes fast approval and flexible terms for buyers seeking quick acquisition. Contact for details on property types and eligibility.
Iowa dealers sold new motor vehicles and trailers worth 31.02 million dollars in January, up 3.17 million from a year earlier, according to the Iowa tax commission. Eleven counties exceeded 10 thousand dollars in use tax receipts, led by Polk and Scott counties with sizable totals.
Des Moines Iowa Rep Elmer Vermeer chairman of the house ways and means committee said a tax package would raise the sales tax from 2 to 3 percent personal income tax to the full rate an increase about 33 percent and corporate income tax from 3 to 4 percent as part of a proposed package.
In Linn County Iowa on February 27 1963 Philip I Crew was appointed executor of the John H Reimers estate and creditors are asked to settle accounts promptly. A probate hearing for the will of Clyde W Hawkins is set for March 6 1963 at 9 00 AM in the Linn County District Court Cedar Rapids with Melvin J McCalley clerk.
A partial passage references a municipal ordinance with references to property description district neighborhood and publication requirements. It mentions a city clerk, costs related to the ordinance, and dates in December and February, but the exact action or outcome is unclear.
Notice is given that the undersigned has been appointed executor of the estate of Grace A. Elliott, deceased, Linn County Iowa. All persons indebted must pay promptly. Claims against the estate should be filed with the Linn County District Court Clerk, Merchants National Bank of Cedar Rapids, executor, or with O Rieley and Rosser, attorneys.
The undersigned is appointed executor to the estate of M Sutherland late of Linn County Iowa, deceased. All persons indebted to the estate should pay promptly to the undersigned, and those with claims must file authenticated statements in the office of the Clerk of Linn County District Court Cedar Rapids. Sargent Spangler Hines and Pence, attorneys.
Virginia Horsfall named Administratrix with will annexed of Paul A. Tschirgi. Los Angeles County deceased. Creditors urged to pay and file claims with Linn County Iowa District Court Clerk. W. Howard Smith attorney.
Dietrich de ERYL E. RISDAL is appointed and qualified as Executrix of the estate of Cornelius RISDAL, late of Linn County Iowa, deceased. All persons indebted to the estate are notified. The notice is dated the 7th day of arn 963.
Notice lists two estates in Linn County Iowa with administrators Frank A Letner and Streeter. It calls on all debtors to pay and all claimants to file verified claims with the Linn County Clerk, with appointed attorneys Carl Hendrickson and the firm Peoples Bank and Trust Company of Cedar Rapids.
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