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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 29, 1960
Page
2
Chicago market report shows butcher hogs down 25 to 75 cents with mixed lots across weight classes. Cattle receipts total around 20,000 head with steers steady to higher and several loads quoted at 28.75 to 30.50 per 100 pounds. vealers and cows also listed. Des Moines receipts estimate 85,000 with prices steady to up 25. Grain quotations follow.
UPI reports 19 000 cattle receipts at Omaha with calves around 150 head. Fed steers mostly steady to weak and some spots 2 percent lower, while good and choice steers under 1300 pounds trade near 24.00 per cwt. Heifers show steady to weak with most choice around 25.75 per cwt.
Prices for 200 to 220 pound butchers ranged 13.85 to 14.35 delivered at the plant based on grade, with packers 330 pounds and under at 12.35 to 12.85. Heavier hogs up to 300 cost 25 cents less per 10 pounds beyond 300, and veal calves are temporarily out of the market. Eggs show varied quotes across sizes and plant delivered eggs fetch higher prices. Grain quotes list No 1 oats 68 cents, No 2 yellow shell corn 96 cents, soybeans 1.95.
AP dispatched report from Chicago detailing butter egg and live poultry prices and receipts. Butter wholesale bids range 89 to 93 with varied grades, eggs show mixed quality prices and receipts, live poultry Friday and weekend receipts tallied, pork bellies and other items listed with multiple regional price points and market activity notes.
AP dispatch notes USDA updates from New York on butter and eggs. Butter demand is moderate with spotty receipts totaling 695,000 over two days and varied creamery classifications. Egg stocks are burdensome with slow demand and two day receipts of 20,900. prices list extras and standard sizes with several weight and grade distinctions.
In New York on Monday afternoon blue chips slid while electronic and select issues rose. Trading volume was around 3 million shares with gains and losses of similar magnitudes observed across key stocks.
Sioux City livestock reports UPI receipts of 11,000 cattle and 600 calves. Slaughter steers and heifers hold steady with choice steers under 1200 lbs at 28 dollars, two loads high choice 1100 lbs at 28, and choice heifers at 25.50 to 26.25.
Enlistment of two 17 year old youths for the Marine Corps was reported Monday by Cedar Rapids recruiters. Gerald L. Clark of 2125 Hamilton St. SW and Ronald P. DeBow of Marion were sent to the Marine Recruit Depot at San Diego for basic training. A Navy information team will visit Coe and Cornell colleges this week with sessions in the Cornell social center game room Wednesday 10 a.m. to 4 p.m. and in the Coe grill Thursday 9 a.m. to 3 p.m. Lt. William Kaucher and Lt. Celia Barteau will discuss officer candidate programs offered by the Navy.
Chicago reports a Monday rise in grain values as milling demand and short covering support futures. March delivery notices begin and liberal offers push prices modestly, with wheat down to 34 or 14 cents, corn up 4 to 5 cents, oats 14 to 144 higher, rye 4% higher, and soybeans up 44 to 1? higher.
Chicago market notes show No. 2 yellow corn at 113 3 1 13 percent, No. 3 at 1 10 percent, No. 4 at 1.04 percent, and sample grades around 98 4. Oats prices list No. 1 heavy white and No. 2 extra heavy white with nine parts and decimals. Barley mixed with matting and feed prices around 1.15 to 1.25 and 98 cents. Soybean oil between 4 and 10 and barley prices noted.
The writer contends that holding E bonds and bank accounts may be losing money and endorses Standard Oil of California stock via a payroll plan as solid securities. He warns against market talk and suggests buying higher quality growth stocks if funds permit, while dismissing dabblers’ trading successes.
MT VERNON Anne Wilson ballerina and choreographer will present The Ballet Story at Cornell College Thursday at 8 p m in King Chapel. The recital closes the Cornell artist lecture series and combines ballet history with costumed dance.
Iowa Tax Commission Chair says recovery of over $800 from payroll checks issued after Ben A. Franken was fired. Franken, of Holland, Indiana, received $1,120 post firing with $802 after deductions. Clerical error found by State Auditor examiners. Franken had set aside the money and not spent it.
Mason City Republican candidate Kenneth Stringer told the Rotary Club that wasteful spending is a cancer and could lead to bankruptcy. He urged stopping new schemes aimed at buying votes and called for tax cuts, budget balance, and debt reduction by cutting government waste.
Benjiman S. Black 82 of Bertram, a former employee of the Northwestern railroad, died at his home after a long illness. Born September 3, 1877 in Linn County, he married Katheryn Knapp on March 11, 1926 in Bertram. Surviving: wife and sister Grace Mann of Cedar Rapids. He was a Maccabee member and Bertram town councilman. Services at Turner Chapel Cedar Rapids 1:30 p.m. Wednesday. Burial Campbell Cemetery. Friends may call at the chapel.
Executives Assn speaker Woody Stolba public improvements commissioner set for Thursday at 7 30 a m in the Roosevelt. Blooming Shamrock plants offered at 1 00 by Piersons Florists. Bible classes and hospital notices follow with various speakers and locations.
Rock Island railroad reports net income of 380456 in January up from 347163 in January 1959. Operating revenues total 16500000 this January versus 17600000 the year before.
Bing Crosby teams with Perry Como for a TV 9 Special airing Monday at 7 30. The program features the duo in a mix of songs and light entertainment.
Special to The Gazette three young men were injured in a Saturday night one car crash four miles east of Decorah on the Decorah Waukon highway. Roger Kelly 18 Harpers Ferry escaped with cuts and bruises after the car ripped guard posts and plunged 30 feet into a ravine. Ronnie Opfer 18 route 3 Waukon suffered a broken leg and other injuries and was sent to a Rochester Minnesota hospital. Arthur Christianson 20 Lansing sustained a broken leg broken arm and severe head lacerations and was taken to a La Crosse Wisconsin hospital. A passing motorist rescued the youths from possible death by exposure.
Weekend guests visited Marion families for the Kenneth Marek Callie Brainerd wedding. Des Moines delegates to a Drake university future teachers convention included Marion students and Principal Glen Nicholson. Funeral attendance, 4-H workshop, club meetings, and transfers at Barnd Food Provisioners are noted along with a newborn and YMCA activities.
The Linn County Board of Supervisors meeting at Cedar Rapids elected Dudley Henderson as Chairman for 1960. They approved a $200 settlement with Joseph Minnis, named depositories for county funds, and appointed county officials including County Engineer William Harrington and County Nurses Helen Sue Anderson and Nancy Miller. The board also set salaries, appointed deputies, and designated official county newspapers. The session adjourned to Jan 12, 1960.
New York based Business Week reports Iowa personal income at 462 million dollars for last December, down 0.3% from 462.5 million in December 1958. November income was 445.1 million. The nation totaled 31.89 billion for December, the highest on record but below July’s peak. The dip blamed on a farm slump and steel dispute hangover.
Iowa highway patrolmen will soon drive Plymouth special patrol cars after the State Executive Council approved purchasing 50 at 1 830 each from Lazenby Motor Co Bona Parte The firm also bid 1 776 each for 50 two door 8 cylinder cars with standard transmission for other state departments and 1 967 for 4 four door automatics and 1 811 for 4 four door standard transmissions
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