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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 20, 1964
Page
15
New York stocks moved irregularly lower late Monday as investors reacted to President Johnson's economic message. Trading was active with about 5.7 million shares, up from Friday's 5.63 million, as several key issues trimmed their prices following the inflation curb recommendation.
In Moscow AP reports Rabbi Benjamin Gavrilov of Pyatigorsk and others convicted of currency speculation had their death sentences commuted to 15 years in prison. The ruling follows their conviction in the prior summer.
Gov. Harold Hughes announced he will seek re election and will not name a running mate for lieutenant governor. He said the Democratic primary should decide the partner in the general election and named several potential candidates including Andrew Frommell Ray Eveland Robert Fulton Howard Reppert Jr and Ed Gilmour correct spelling may vary.
Declutter by placing a brief want ad to move unused garments. Highlight item types, sizes, and condition to attract buyers fast. Include contact method and pricing if desired.
AP reports USDA estimates for Tuesday show 2,500 cattle, 8,000 hogs, and 700 sheep in receipts. Butcher hogs sold steady to 25 cents lower on Monday, while slaughter steers were 75 cents lower.
Chicago market reported hogs at 9 000 head with steady to 25 cent drops across weight classes. Slaughter steers ranged 23.00 to 23.50 for prime 1 200 to 1 325 pounds, with various grades and weights showing mixed adaptions. Sheep and lambs saw steady wooled slaughter lambs around 21.00 for 111 pound carcasses and ewes 5.00 to 7.00, reflecting broad market movement.
Market report shows prices mostly steady to weak with some declines. Estimated Monday receipts 85 000 and weekly total 82 000 with Saturday at 50 000. U S 1 3 200 220 lb butchers 14 60 15 15 220 240 lbs 14 50 15 15 240 270 lbs 13 70 14 75 2 3 s 270 300 lbs 13 00 14 00. U S 1 2 butchers 200 240 lbs 14 75 15 25 few to 15 00. Sows 270 330 lbs 12 25 13 25 330 400 lbs 11 75 12 90 400 550 lbs 10 00 12 00.
UPI reports cattle receipts at 18 500 with calves 800 as slaughter steer and heifer trading slows. Early sales down 25 to 50 cents with ice slaughter steers at 21 50 to 22 50 and four loads at 23 00 for high choice with some prime. Good and choice heifers quoted 19 00 to 22 00.
Cattle receipts reach 14 000 with calves 2 200 as trade slows. Slaughter steer and heifer prices drop about 25 cents with some 50 cent declines. Choice slaughter steers fetch 21.50 to 22.25 and high average loads up to 22.25, while choice heifers bring 21.00 to 21.75 and some prime lots reach 22.00.
Monday hog prices in Cedar Rapids were steady to a quarter lower with last Saturday's bulk 200 to 230s at 14.75 to 15.10 dollars. Packing sows 300 lbs ran 12.50 to 13.00 dollars. Butchers and packers faced weight based reductions. eggs listed as large 34c, mediums 27c, B 27c, dirties 17c, small 17c.
Chicago AP reports grain futures mostly eased on Monday with thin turnover in the late afternoon. Wheat slipped a fraction to a bushel, soybeans fell 4 to 24 cents, corn dipped 4 to 8 cents, oats were steady to 4 cents lower, rye rose 4 to 14 cents.
Chicago cash provisions list grain bids for corn categories and oat grades. No wheat or soybean sales noted. Prices shown include No 2 yellow corn at 1.2334 and various other yellow and oat grades with minor decimals.
AP reports steady butter and eggs wholesale prices with minor bumps for certain grades. Live poultry prices rise slightly for some roaster and White Rock fryers, while potato arrivals and shipments show moderate supplies and demand with russets weakening and round reds steady. Idaho russets fetch 4.00 to 4.05 per bag and Red River Valley reds 1.90 to 2.15.
Lettered market notes from New York AP USDA listing butter scores from 93 to 90 with price marks and egg offerings in balance with demand. It notes creamery demand fair, various price lines and weights, and standard egg price checks amid fluctuating market signals.
The Delaware County firefighters hold their regular monthly meeting at Hopkinton City Hall Wednesday at 8 p.m. The main speech titled Mutual Aid A Benefit to Your City will be delivered by Fire Chief Dan McDermott of Epworth. Fire Chief Duane Billings and Hopkinton fire department host.
Alcoa said it would hold its aluminum ingot price at 23 cents per pound, signaling may follow with producers Reynolds Kaiser Consolidated Aluminium and Aluminium Ltd weighing similar moves. The Canadian firm’s price change applies only to U S ingot sales.
George Hardwick 20 of Grafton died Sunday after being unconscious since an auto crash near Manly in December 1958. The long coma followed injuries sustained in the accident over five years ago.
A special Midland Community School district election is scheduled for February 24 to choose a new board of education and a treasurer. The new board will assume office July 1. In September 1963 voters approved dividing the district into four director districts with one director from each and one at large.
Donald Redenbaugh, 25, of Dubuque, was arrested in Monticello with his wife and two children after a service station holdup in Dubuque about 14 hours earlier. He allegedly took $50 from Bardall Hammerind at Highway 151 station, claiming to have a gun but later saying he was unarmed and needing money for his family.
Misses Mrs. Vernon J. Gingerich age 48 daughter of Mr. and Mrs. J M Burroughs Tipton died in Eau Claire Wisconsin Saturday. Services will be held there Tuesday at 2 p m.
A advisor says diversify emergency funds to two to three times $1,000 before buying common stocks. Recommends Consolidated Foods as an A quality, growth oriented choice with a 3 percent yield, purchasable through an employee plan. Warns a widow against switching from blue chip dividends to a mutual fund salesman’s product due to high commissions and limited gain.
City residents and local groups announce upcoming events and people. Mrs Le Roy Farris has returned home from Mercy Hospital. Anthony Scolaro county supervisor will speak on county government. Keith Johnson to be toastmaster at Baranchanu's Steak House Tuesday at 7 am. Central Retail Merchants bureau meets Tuesday noon at Sheraton Montrose. Polynesian Paradise hosts noon luncheons and 4 to 6 pm cocktail hour at Tropic Lanes. John Ferring elected city editor of DePauw University newspaper. World War I veterans plan pot luck dinner Wednesday at 6:30 pm with a business meeting to nominate officers. Red Door Cocktail Lounge and Sunrise Steak House ads. Carl A Schmidt speaks on Tomorrow's Trees at Hiawatha Optimist club Wednesday at 6 pm at Jesse James restaurant. Pierson's Florists advertises flowers by phone.
Donald G. Isett will address the YMCA Senior Men's Christian club on Death Valley Scotty at 1 30 p m Tuesday in the Gray room.
Building official Edward Winter Glen Ralston administrative assistant and Lester Dvorak building inspector attended a short course sponsored by the Iowa chapter of the International Conference of Building Officials in Des Moines over the weekend Winter is chapter president Surgical Patient Mrs George Trokosh Mr Vernon is a surgical patient in Mercy hospital Visitors are permitted Theft Reported John Brecht 2550 Indiana street SW told police Sunday a portable air tank valued at 25 was taken Friday from his car parked at Twelfth street and Fifth avenue SE Condition Improves Edward L Dwiggins 45 of route one Cedar Rapids listed in good condition Monday at Mercy hospital He suffered a head injury when struck by a burglar at the Cedar Rapids Coca Cola Bottling Co Friday night Dwiggins is manager of the firm
Martha Ruprecht, daughter of Mr and Mrs Carl Ruprecht, a senior at Valparaiso University, has been awarded a $200 Alpha Phi Delta prize.
Vera Grove, 23, of Cedar Rapids, was hospitalized in Elkader after a two car collision near Elkport. She sustained a severe facial cut when the car she rode in struck another vehicle.
Seven eastern Iowa indictments unfold in Cedar Rapids federal court with cases from Sioux City and Waterloo. John Morris Kelly faces three counts for mailing threats to extort 5000 dollars in 1963. Ronald Massey charged in five counts for a 1961 defraud scheme. John Spang accused in six counts of a Straw berry Point based fraud and forged drafts. Clarence Benning faces eleven counts for converting government mortgaged livestock for personal use.
Roger D. Feckers faces a one count indictment accusing him of selling 13 mortgaged Holstein cows for 1600.46 dollars on March 31 in Cedar Falls.
Norman Johnson faces charges for converting 3000 government rounds last May in Waterloo with value over 100 dollars. Senna Osborn charged with theft of two letters Feb 18 to Harry and Ernestine Kimber in Waterloo. Cedar Rapids suit by Paul Dickerson for 45000 against International Harvester Co. dismissed with prejudice over a fall on Sept 1, 1959. Donald Holmes admitted to practice in North Iowa federal court by Judge McManus on recommendation of two judges and A R Kudart.
Santo Perrone a 69 year old police figure tied to the Mafia was gravely injured when a bomb exploded as he prepared to drive away from Gratiot Avenue his car hurled parts more than 100 feet The blast shattered the vehicle and Perrone was thrown from it Two nearby officers witnessed the incident and alerted the ambulance authorities Police said the device appeared connected to the ignition and exploded when the key was turned
Robert F. Ray Des Moines attorney and state GOP chairman named H Rand Petersen of Harlan a 35 year old banker as campaign chairman for 1964 effort to regain urban votes and mobilize rural support Petersen said the party must appeal to city voters while honoring Republican principles Mabel Edwards reported on senior citizen vote and Linn County leaders Tommy Tucker and Mrs Forrest K Binger attended from Cedar Rapids
An advertisement claims a new healing substance Bio-Dyne stops itching and shrinks hemorrhoids without surgery. It promotes Preparation H suppositories or ointment, asserts germ killing properties and doctor Observations confirm improvement across long‑standing cases, available at drug counters.
Leo Kerwin 84 longtime Oelwein clothing store operator died Saturday night at his winter home in Miami. Services will be held Wednesday at 10 a.m. in Sacred Heart church, with Brant funeral home in charge. He retired in 1962 after running a shop since 1902 and made several world trips. Survivors include a son George in New Mexico and two daughters.
In Elliot Lake Ontario two brothers Rainer and Gerhard Warkholdt 17 and 15 were suspended for refusing an hour detention after staying home to watch the November 25 Kennedy funeral telecast. Parents Rudolf and Mrs Warkholdt say they kept the boys home to view the program.
New York AP reports the U S court of appeals unanimously struck down a Selective Service provision requiring belief in a Supreme Being for conscientious objectors to receive deferment. Daniel Andrew Seeger, 28, had been convicted and sentenced to one year and one day in May 1963 for objecting to military service on personal principles without religious affiliation.
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