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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 14, 1966
Page
19
Trading ended with a mixed session as the market gave up early highs amid inflation fears. Downticks edged out gains in many issues while leaders like Xerox and Polaroid rose, and rails and chemicals showed varied strength.
Chicago cash provisions show varied cattle and hog quotes with steers prime and high choice ranges. New York and Omaha reports follow with stock and grain quotations across grains and futures, including corn soybeans and wheat prices.
The report details steady prices in butter and eggs with wholesale quotes unchanged and various regional potato and tomato notes. A separate item cites a man quoted by police saying he fired to attract attention to welfare issues, with the White House denying the President heard the remark.
A man fired a rifle shot into the air a half block from the White House and was seized by police. Identified as Rauel Torres, 35, of Smot, he said he had escaped from a New York state mental hospital and was held for observation after Friday questioning.
A defendant pleads innocent to a disturbance charge in a local court. The case documents describe the alleged incident and the defendant's denial of wrongdoing. Further court proceedings are scheduled as the case moves forward.
The Marion Kiwanis installed Walter Rech as president with a slate including David Whitcomb as president elect and Robert Hess as vice president. Directors Harold Barber and others attended. Rev. Lloyd Kellams led the installation. Also mentioned are church missions, a rummage sale guide, and a TV pro bowler tour slated for Saturday on Channel 9.
Donnie Calvin Stayton 56 of Iowa City pled guilty in Johnson County District Court to going armed with a revolver with intent to use it against his estranged wife Ruby Marpel Stayton. The June 20 shooting at the trailer home west of Iowa City led to Judge Clair Hamilton sentencing Stayton to five years in the state penitentiary at Ft. Madison.
New York Mayor John V. Lindsay resumes duties after the transit strike ends. He walked about 70 blocks daily from the Roosevelt Hotel to City Hall during the two week stoppage while offices undergo remodeling and cabinet installations are discussed.
Marion city officials including Mayor Ralph Crivaro and Treasurer Keith Grimm returned from Des Moines to report on municipal finance talks. The article notes congressional criticism of a proposed revenue package and ensures officials believe public support exists for overhauls despite objections.
Iowa Supreme Court upheld 100 percent actual value assessments for moneys and credits. Linn County inched toward boosting its tax base and plans to raise 60 percent reported values to 100 percent for 1965 taxes. County Attorney Jack Fulton cautioned the change may cut future revenue under new legislative rates.
Treasury table estimates impact of a new withholding system for married couples with two dependents. It assumes the 10 percent standard deduction or the minimum standard deduction, whichever is larger, and shows effects across income levels.
Wilson and Co reports net earnings of 5.642 dollars per common share for the year ended Oct 30, 1965, down from 5.14 in 1964. Total domestic sales reached 815,236,096 dollars, up six percent, with net income per dollar of sales about 1.1 cents versus 1.6 cents prior year. Reduced hog supplies and higher prices contributed to the softer performance.
American Tobacco Co and Sunshine Biscuits Inc negotiate a merger via 1.4 shares of American Tobacco for each Sunshine share. Directors’ approval required. Sunshine president W E Brownlee backs the plan, citing higher dividends and growth for both firms.
Exile leaders in Miami outline anti Castro forays into Cuba for 1966. They say resuming action remains a key objective, with coordinators in the United States planning operations and support networks for possible incursions.
A dated price excerpt lists 43 Corn Syrup 5.57 per unit, Pearl Starch moisture paper bags, Powdered Starch standard moisture paper bags, Thin Boiling Starch standard moisture paper bags, various codes XD XE XN RP XR, Douglas Grits 5.90 per bag, Dextrin White 8.53 per bag, Crude Corn Oil 19.50 per tank car.
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