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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 15, 1965
Page
15
Chicago and Des Moines cattle and hog markets improved with hogs mostly 25 cents higher amid active trading. Slaughter cattle and lambs showed mixed to firm moves as prices and demand in the wholesale market remained buoyant.
In Chicago, soybeans rallied after a weak start as commissions and traders moved in. Wheat fell, oats and rye offered light. Corn held steady with minor gains, while butter and eggs showed mixed wholesale movements across major markets.
Burglars took $3 from an office drawer at Grace Episcopal church on 525 Avenue NE. They damaged wood panels, pried doors, and ransacked a filing cabinet, with discovery at 10 a.m. Friday. Detectives reported the Os sian post office attempted entry Thursday night but failed. clerk Alvin Hueter found a jimmied door lock Friday morning.
Denard Lee Gusler II of Norfolk Virginia admitted to about 1300 burglaries spanning 14 years after buying 22 caliber hollow point shells. He was arrested in Linton after a merchant reported suspicious purchases. A 20 year old Des Moines woman with him was detained but not charged.
The Marion Chamber of Commerce holds its annual meeting with 120 attendees as outgoing president M G Linkletter stresses the group’s community responsibility and incoming president Bob Gibbs urges stronger efforts from members. Officials note 1965 committee structure and past fund raising while detailing arrests and legal issues affecting members.
Indonesia's President Sukarno urged a United Nations probe into the Malaysia issue, saying he would accept the decision of either side and seeking to assess North Kalimantan's popular will. He cited a 1963 UN survey on Sabah and Sarawak and stressed a peaceful solution while opposing external pressure.
Walter L. Stewart of 635 Fifth Avenue died Friday in a Cedar Rapids hospital. He lived in Marion since 1948 and was born June 16 1901 in Winterset. He married Lara Eckhart in Cedar Rapids on November 24 1948. He worked as a heavy equipment operator for Weaver Construction Co. He was a life member of the Moose Lodge in Waterloo. Survivors include his wife two sons Basil Zier Beltsville Maryland Norman Zier Moline Illinois two daughters Mrs Neil Sills Marion and Mrs Don Schwendemann Fort Dodge seven grandchildren and a sister Mrs Ray Yates Winterset. Services Monday 1 30 p m at Murdoch chapel with Rev Lloyd C Kellams burial Cedar Memorial. Friends may call at the chapel Saturday after 11 a m until Monday 12 30 p m. The casket will not be opened after the service. Proclamation Mayors Ralph W Potter designated January 17 23 as Jaycee week in Marion for Junior Chamber of Commerce service to the community. The group opens the week with its annual awards banquet Monday night at the Town House.
The writer argues for following the old Morgan formula of selling down to a sleeping point and favors shifting blue chip commons to high grade defensive preferred to raise income and counter inflation. They claim a 3 to 3 percent yield and 16 percent cost of living rise over 10 years, suggesting a 414 percent preferred mix. The tone urges a portfolio shift for peace of mind.
The Commerce Department reported the 1964 U S economy expanded by 6.5 percent. The final Gross National Product reached 622.3 billion dollars, just short of President Johnson’s advisers’ 623 billion dollar forecast.
Dale A. Cecil 49 of 4420 E avenue NW was arrested Thursday afternoon for drunk driving following a collision at Williams boulevard and Eighth avenue SW. Cecil’s pickup hit a car driven by Harold L. Schrade 26 of route one Cedar Beck. No injuries were reported. Cecil was released from custody by order of the county attorney. He began his newspaper career 64 years ago at $8 a week on the Muscatine Journal.
Sears, Roebuck & Co. stockholders approved a two for one stock split at a special meeting in Chicago. The 100 million shares of $3 par value will become 200 million shares of $1.50 par value. On about March 22, shareholders of record Feb. 11 will receive one additional share for each share held.
Cedar Rapids city water works shows 109 gallons per day per resident for 105000 residents. The monthly report tallies 361,930,000 gallons pumped and 11,675,000 gallons daily. Superintendent George Lee notes 495,900 kilowatt hours used to pump the water, averaging 1 370 kWh per million gallons, with hardness dropping from 18.4 to 4.67 grains per gallon after treatment.
Israeli and Jordanian soldiers exchanged fire for about an hour along the armistice line in the Jerusalem sector on Friday, signaling renewed border tensions.
Sam Shulsky discusses his retirement at 62 with investment income from AT and T Standard Oil Texaco Borden GM Chase Manhattan Chemical Bank General Electric and other firms. He notes about 70 percent in common stocks and the rest in savings preferreds and bonds. He fears overweight stock exposure in a market drop.
Federal Reserve index of industrial production rose to 37 in December from 134.8 in November. December output was 37 percent higher than the 1957 59 average, reflecting a significant month to month gain announced Friday.
Centerville obituaries report J. M. Beck co publisher of the Centerville iowegian and Citizen and dean of Iowa press died Friday after a brief illness. He was a prominent figure in state journalism with a career spanning decades.
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