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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 16, 1967
Page
7
New York markets held modest gains amid profit taking as trading volume reached about 10.5 million shares. The Dow Jones averages showed limited upside with Corning Glass, Chicago Great Western, Allied Products, Sprague Electric and Ling-Temco-Vought among leaders while IBM slid on a reported antitrust probe.
Due to wire trouble between Chicago and New York, AP midafternoon quotations were not received by The Gazette today. The following quotations are those received at noon.
The document lists footnote letters and symbols explaining various dividend types and events such as extra or special dividends, stock dividends, liquidating dividends, and in year specific actions. It also includes notes on ex dividend, ex rights, warrants, bankruptcy status, and foreign interest tax considerations.
Break in at McCabe's tavern discovered Sunday as owners cleaned the building. Missing were $10 and cigarettes after burglars shattered a front door glass to gain entry. Break in believed to have happened early Sunday.
AP dispatch from Chicago reports Tuesday receipts estimated at 2,000 cattle 7,000 hogs and 500 sheep. Butcher hogs sold mostly 25 to 50 cents higher while slaughter steers were steady to 50 cents lower and sheep unchanged.
Chicago hog and cattle prices show gains across various weight classes with sow and lamb figures noted. Des Moines trade slow to steady with receipts around 85,000 head, highlighting U S 1 3 price ranges for multiple hog weights and sow categories.
Across cattle, calves and slaughter stock posted uneven prices. Slaughter steers and heifers eased up to 25 cents, high choice loads hit 25.50 per cwt while other choice ranges traded 24.00 to 24.50 for 1 200 to 1 300 pound steers. Heifers moved 23.25 to 24.00 with some loads at 24.25.
At Omaha livestock sales numbers show 16,000 cattle handled with 14,000 slaughter cattle and 2,000 feeders. Steers and heifers mostly steady to 25 cents down while cows trend weak to 50 cents lower. prices span from 23.50 per cwt for lower grade to 25.75 for top weight steers, with utilities and canners around 13.50 to 15.50.
UPI data shows market figures for Chicago futures with values across February contracts. The table lists open high low and close for several months including Feb Mar May Jul and Aug with corresponding sales figures and bid ranges.
Des Moines wire reports a steady to slightly lower trend across beef cuts in the Midwest market. Steer beef for 600-700 pounds runs $40.25-$40.50, 700-800 pounds $38.75-$39.00, with 800-900 pounds down about 50 cents. Heifer and cow values show smaller declines, utilities and canners around $33.25-$34.50.
C R Markets notes Monday steady prices on the Cedar Rapids hog market. Saturday bids for 200 to 220 pound butchers ranged 19.25 to 19.75 dollars. Packing sows 300 pounds and down bid 15.50 to 16.00 dollars. Price quotes assume plant delivery and adjust for weight by grade.
DES MOINES AP Iowa motorists are slow to buy 1967 license plates and many counties lag behind last year. Jack H Leverenz acting director says large counties trail, and January rush causes jams delaying plate delivery into March.
Chicago grain futures slid across the board with wheat down 3 to 3.5 cents a bushel, corn 13 to 13.5 cents lower, oats 2 to 1.5 cents down, rye 1 to 2 cents lower, and soybeans 1.7 to 4.5 cents lower as trading ended.
Wheat No 2 hard around 698 to 708n, No 2 red near 1497s 704%. Corn No 2 yellow about 141 to 1414n. Oats No 2 heavy white 7855 to 795. Soybeans No 1 yellow around 295% to 296n.
Wholesale beef and dairy items show mixed movement with roasters at 23.25 and special fed white rock fryers 18.2 to 20.2. Butter prices hold steady with varied grades. Eggs show uneven changes from 60 percent Grade A whites at 37 to standard at 33. Potatoes report arrivals 178 on track 222 with supplies moderate and demand good while Idaho Russets and Red River Valley reds price around 570 to 575 and 380 respectively.
In New York the USDA notes ample bags on large and fully adequate on mediums and smalls, with slow demand and price ranges for various bag sizes. Whites seek extra fancy heavy weights, creamery scores 93 AA and 92 A with specific price bands listed.
U S District Attorney Donald O'Brien said charges against Cedar Falls woman Janice L McNelly 25 will be presented to a federal grand jury. She faces fraud and conspiracy to defraud the federal government in a social security benefits case tied to a claimed drowning of her former husband.
In Saigon a US air strike supported by 1st Lt Vernon Luke and Capt William Fisher hit Viet Cong structures along a canal in the Mekong Delta about 125 miles southwest of Saigon. Four large corner structures and two smaller ones were seen. bombs dropped, area left in flames. Fisher, a 12-year Air Force veteran and Marion, Iowa native, is awaiting promotion. Also reported: a break-in on Twelfth Avenue SE yielding $62, and a purse theft at the Holiday Inn in Cedar Rapids with $129 taken.
Cedar Rapids police probe a weekend series of thefts at the Roosevelt hotel and its parking ramp. Victims include Peter Aldershot of 524 Gwendolyn Drive NE reporting a movie camera and briefcase stolen from his car, and 14 credit cards plus a pipe taken from Palmer Whittenburg’s car. James Durlacher reports a rain coat and gloves stolen from a hotel coat rack.
Judge Harold D. Vietor set pleading deadlines for three Cedar Rapids men. Samuel Montgomery, 29, of 7052 Fifth Avenue SE, faces a concealed weapon charge with until January 22. Noble Woods, 39, of 5999 Mount Vernon Road SE, is charged with assault with intent to commit murder and assault with intent to commit bodily injury, with until January 20. Lawrence W. Benson, 18, of 2251 Blakely Boulevard SE, faces breaking and entering, with until January 20.
Linn County deputies investigate an early Sunday break-in at Berry TV and Appliance in Alburnett. Five televisions were found outside and four more inside on display. entry was gained by breaking the back door lock. No thefts reported.
IBM reports 1966 net earnings after taxes of 526,130,192 up from 476,902,490 in 1965. Chairman Thomas Watson Jr. said earnings were 9.66 a share, compared with 9.03 the previous year.
Judge Vietor denied the Iowa State Board of Parole request to revoke Willis B. Ruhser's probation. Ruhser, 29, of route three Marion, had been sentenced to ten years in the men's reformatory at Anaomsa on Aug. 19 after pleading guilty to a forgery charge and was on probation.
An advertisement line informs readers to place want ads by dialing the new number 369-1234 for the Gazette.
Don Canney, public improvements commissioner, described a new snow plow design in his department shop. The machine features a multi directional blade with inside cab angle adjustment. He cited improved handling of one way streets and noted two attachments are nearly ready, with two more planned.
Five people sustained minor injuries in two Cedar Rapids crashes on Sunday afternoon. In the Sixth Street Waconia Drive SE collision four members of the Stoltzfus family were treated at St. Luke's. Cletus Stoltzfus 27 his wife Connie and daughters Lori 4 and Kelly 1 were involved. Stoltzfus faced a failing to control charge after his car struck Stephen Roe 22 of Iowa City. In the Fourth Avenue Fifteenth Street SE crash Wendy Hood 3 daughter of Mr. and Mrs. M. L. Hood was treated at St. Luke's and released. Hood was charged with failing to yield at a stop. A parked car owned by Clifford J. Brown was damaged.
Iowa Senator Warren Kruck moved to suspend rules and make his bill legalizing metal studded snow tires the first order of business. His bid failed in a 13 to 61 vote, with Lt. Gov. Fulton referring the measure to the safety and law enforcement committee.
A new direct dialing number 369-1234 is advertised for placing orders for person to person wanted services. The brief, terse notice invites callers to use the number for arranging these services.
Hoover school officials will add a rear parking lot at the northwest side campus to ease traffic congestion. Assistant Superintendent Hamilton Vasey said the 40 by 200 foot lot on Wiley boulevard NW may later be asphalted. Mothers from two nearby mobile home courts had protested a No Left Turn sign at the exit, arguing it increased travel distance.
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