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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 22, 1968
Page
11
The New York stock market closed notably lower in a shortened four hour session. Glamor stocks and blue chips led the slide as selling overwhelmed trading with a five to one loss to gain ratio. Investors cited federal spending worries and speculation warnings from the Fed as contributing factors.
Unclear text lists dividend terms and notations with symbols for stocks and payments. Dressed meats market in Des Moines reports Monday Midwest carrot meat trade with steer and heifer beef down and cow beef steady. price ranges and weights given for various categories.
A Norwich official received a notice that the U S housing and urban development department had moved from Chicago to Washington. The post card dated December 5 1962 carried 2 cents postage due due to rate increases since mailing.
USDA estimates for Wednesday show 1,500 cattle 5,000 hogs with varied weights. Hog prices weaken 25 cents, with 190-230 lb butchers around 18.75 to 19.25, and 550-650 lb sows 13.50 to 14.50. Cattle and calves see steers and heifers steady to 50 lower, with yields around 28.25 to 28.50 for select slaughter steers and 26.25 to 27.50 for high quality slaughter heifers. Sheep and lambs hold near recent levels with lambs 23.50 to 24.00 for 85-110 lb woolies.
Trade remains moderately active with demand good and prices up to 25 cents higher than Friday. Sows hold steady to 25 cents higher with receipts projected at 85 000 Monday and past week totals around 90 000, 95 000 year to date. Prices listed for U S 1 3 butcher and sow weight ranges across 220 to 550 pounds shown.
UPI market note shows cattle arrivals and prices with calves at 2,500 and slaughter steers 1,000 to 1,259 head. Slaughter steers priced 25.00 to 26.00 per cwt. Heifers 24.25 to 25.25 with two loads high choice and prime around 25.35 to 25.59 per cwt.
UPI reports Omaha market activity with cattle and slaughter prices, noting highs around 25.50 for good quality cattle and 23.50 to 24.15 for select classes. Commercial cows traded near 14.00 to 15.25 while cutters moved around 19.00.
Prices across the Cedar Rapids hog market slipped with steady to 25c declines. Bulk 200 to 220 lb butchers sold at 18.50 to 19.00, sows 15.50 to 15.75, and various weight-based reductions applied to heavier hogs and packers. Sheep and poultry quotes mixed with feed values noted.
Wheat futures fell about one cent per bushel on Monday while other grains and soybeans showed mixed moves. Trade was quiet with late day strength in corn as prices closed near the day’s highs. oats and rye posted small changes and soybeans varied across the session.
A Chicago AP market note lists various grain and oil seed prices including corn No 2 yellow beans soybeans and soybean oil with figures for different quality grades and lots. The text shows bid figures for No 1 and No 2 yellow soybeans and oil content.
Fragmented notes show egg care and pool buys with prices around 64 to 90. Weekend demand appears fair to moderate with supplies steady. apples and russets referenced amid scattered regional fruit and vegetable terms.
A garbled OCR fragment references New York produce, butter lot mentions, and vacancy notes. The readable items show market terms and disjointed phrases without coherent events or figures. No clear names, dates, or outcomes are established in the readable text.
The Sasebo base saw four bloody clashes between radical students and police since Friday with 465 injured and 66 students arrested. About 3,000 Moderates demonstrated to protest the Enterprise visit as ships depart for Vietnam.
In New York City the deputy housing and development administrator says Negroes now seek decent living conditions more than integration. He notes they want Harlem housing, decent schools and recreational facilities for their children. Callender, former head of the Urban League New York chapter, spoke in a radio interview.
A former Iowa county deputy and sheriff, James T D Hadenfeldt, was returned from Pensacola Florida to face a forgery charge in Marengo. He allegedly forged a $700 check payable to himself with a fake signature and cashed it at Belle Plaine Citizens State Bank.
Des Moines UPI reports that hunters in Iowa killed 1,449,000 pheasants in 1966, the statewide total the conservation commission says is the nation's highest.
Fristay awards were presented to Cub Scouts Keven Brazell Mike Clausen Jeff Lattig John McDermott David Tow Mike Coughlin Craig Fischer Bob Reiter Ted Counter Brian Rule Scott Ransom Jerry Greve Frank Satariano Tom Merfeld Steve McDermott Dan Owens Steve Myers John Fay Mike Cash Mark Sherman Mike Kerrigan Tom Satariano Doug Franey Mark Owens Danny Moliter Kim Poppenhagen John Gavin Mike Burns Mike Detweller Mike Poppenhagen and Mike Toomey. Pack 17 boys at Buchanan school include John Hayes Rudy Robinson Tim Stout Mike Benesh Randy Reid Brett Bob Wallace Mike Neal Bob Becker Jeff Suchomel Lynn Bailey David Beatty Dwight Witte Doug Bradley Alex Alan Anton Alan Port Mike Bradley Larry Young Dick Wells Cary Franklin Keith Kloubec Jerry Smith Scott Staska David Marsh Robin Anderson Harold Mengler Allen Johnson Tom Kenney Dallas Bayles Scott McMurrin Ted Novak Mark Awbry Chuck Evens Steven Oliver.
Nobel Prize physicist Lev Lan dau, who survived a near fatal auto crash six years ago, received the Order of Lenin in Moscow for great service to Soviet physical science on the occasion of his 60th birthday.
A simple phone call to 300 1234 activates a low cost want ad service promising quick results for readers seeking buyers or sellers. The notice emphasizes ease of use and immediate accessibility through a single contact number.
An American climber Dr Gene Mason of Everett Washington is stranded injured on Mt Kilimanjaro about three quarters of the way up the 19565 foot peak. U S officials are arranging a helicopter rescue as a two day effort followed bad weather. Mason leads a 15 man Washington Mountaineering Club expedition now at 15000 feet. Rescue team brought extra supplies from the base camp. Cyclone Georgette killed at least 15 in northern Mozambique.
Chrysler Corp and subsidiaries posted a record 6.2 billion dollars in sales for 1967, a fourth consecutive annual high. U.S. retail car market share rose to 17.9 percent from 16.7 percent in 1966, with 1,353,139 units. Dividends to 180,000 shareholders reached 9 percent million, and international sales hit 1.3 billion dollars outside the United States and Canada.
Ottawa AP report says heavy foreign transfers by Canadian subsidiaries pushed the Bank of Canada to raise its rate from 6 to 7 percent. Governor Louis Rasminsky said the move targets abnormal transfers and will affect short term lending to chartered banks. The U.S. Treasury noted large flows from Canadian subsidiaries but signaled relief for continued investment in Canada. Finance Minister Mitchell Sharp welcomed the statement and noted some funds are moving back to U.S. parent entities.
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