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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 27, 1967
Page
12
Stocks rallied on Friday following a sequence of interest rate cuts by major banks. Volume around 9.6 million, with Bigelow-Sanford active on a 49,000-share block. Motorola and ITEK led gains while several others posted notable advances and some declines.
Unofficial sales figures from the Associated Press table show 1967 figures for Xerox Corp and Zenith Radio with footnotes explaining dividend types, stock dividends, and special payments. The list notes varying percentages and dates across multiple securities and distributions.
C R Markets quotes show steady Cedar Rapids hog prices with Thursday bids for 200 to 230 pound butchers at 19.25 to 19.75 per cwt. Sows under 300 pounds bid 15.75 to 16.25. Price adjustments apply per 10 pound weight bands and by grade delivered to the plant.
All officers of Mutual Fire and Automobile Insurance Co. were re-elected at the annual meeting this week. J. Wilson of Lanesboro was named president, J. A. Wesselink of Sioux Center vice-president, Paul A. Anderson of Marion secretary and manager, and A. F. Wilcox of Cedar Rapids assistant secretary and treasurer.
Washington AP report notes Senator Charles Percy of Illinois says he is not pursuing the 1968 Republican presidential nomination. He adds he is pleased some Republicans see him as a potential party candidate and observes many GOP leaders have more seniority.
Philadelphia AP police officer Paul Manns 38 was struck by a gust while mounting a four by four foot plywood traffic sign. The sign acted as a sail and swept him over a retaining wall to a lower level near bridges on Roosevelt Boulevard. He fell sixty feet and was hospitalized with back and hip injuries.
Record snowfall shuts Chicago markets Friday with the Board of Trade and Mercantile Exchange closed. Stockyards report some livestock arrivals but will not announce prices.
Agricultural market brief reports from New York and Des Moines with egg and butter offerings and fair demand, plus Midwest dressed meat trade. Prices cover eggs whites and creams, U S cattle and hogs quotes from Des Moines Sioux City and Omaha, with receipts and weight ranges.
At the 75th annual meeting officers reported Bohemian Savings and Loan assets rose to 36 116 912 with home loans totaling 30 759 604 and deposits up 2 967 027 to 32 738 840. Dividends 1 286 174 were added. reserves grew to 2 747 308. Kubicek elected president for 1967. other officers named.
Army Sgt. Michael V. Sullivan, 21, of 2414 Reynolds Ave SW Cedar Rapids, earned the Bronze Star for heroism in Vietnam. Under heavy fire, he laid down a base of fire, recovered wounded, killed three enemy soldiers, and operated a radio for five hours after his helmet was knocked off. He is a Jefferson High School 1963 graduate.
Iowa safety officials propose a statewide program to retest drivers at least every four years with vision and written tests. The plan targets thousands over 65 to be retested every two years to secure federal highway funds, potentially costing up to two million to implement. Deputy safety chief James P. Hayes notes the program may not require an on road test for renewal.
State health figures show Cedar Rapids issued 562 of 1966’s 2,? permits for dwellings, higher than Des Moines in number though Des Moines had greater total value at 13,524,750. December alone saw 22 Cedar Rapids permits valued at 339,292 as remodeling in Cedar Rapids reached 1,195 permits for 743,561.
In Accra five former Nkrumah supporters were arrested Thursday in the interests of security, the government announced. The action underscores ongoing political tension following the ousting of the president.
In Finland an original report notes Toivo Pekkanen found the engine missing after opening the car hood. The theft prevented starting the vehicle, highlighting a bold case of engine theft.
LaVerne W. Moran was elected president of the Cedar Rapids Municipal Employees Credit Union. Other officers elected were M. D. Owen as vice president Helen Fitzpatrick secretary and Ray F. Norman treasurer. Board members named include Richard Carlyle Mrs Fitzpatrick and Frank Wilke. A four percent annual dividend was declared.
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