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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 28, 1964
Page
16
New York reports steels pacing the stock market as volume nears 4.9 million shares. Youngstown Sheet news of a 3 for 1 stock split proposal sparked a rally, lifting steel issues and supporting the overall market advance toward record highs.
A fragmented OCR readout lists assorted company and product names with alphanumeric ratings and percentages such as Cherry Bar, Lone S Sti, Clinton En'e, McK M Co, Cohn Elect, Nat Oats, Nissen, Dodge M, Rath Packing, Technicolor, Kaiser, Thermogas, Life Ins tors, Mid Am with price-like figures. The text resembles a historical trade or stock index clipping with mixed entities and no coherent narrative.
Selling five RCA shares costs seven dollars fifty in commissions plus a few cents for stamps and taxes. RCA has paid uninterrupted dividends for 23 years and recently raised the quarterly dividend from fifty to forty five cents. After a three for one split to be voted Wednesday the quarterly dividend on new shares will be fifteen cents. Earnings climbed from 1.91 in 1961 to 2.84 last year and are expected to 3.55 to 3.60 in 1963 aided by color TV, computers and electronics gains.
John Dvorak, 64, died instantly when his tractor overturned in a ditch while turning near La Porte City. He worked on the Henry Fleisher farm and the tractor was owned by Fleisher. Dvorak's body was taken to Overton funeral home in Dysart.
AP reporting estimates from Chicago show Wednesday receipts of 10 000 cattle 7 000 hogs and 500 sheep. Butcher hog prices were mostly steady to weak with 25 cent lower is volume. Slaughter steers in the cattle market were mostly steady given the small supply.
Chicago slaughter figures show hogs around 6 000 head with varied carcass prices for 190 to 600 lb ranges. Cattle receipts total about 2 500 with slaughter steers and heifers priced from 17 to 23 dollars per cwt depending on weight and grade. Sheep and lambs move slowly with light offerings, prices ranging from 19 to 20 dollars for light-weight wooleds and ewes around 5 to 7 dollars.
Estimated receipts show week age year age and related figures for U S 1 3 and 1 2 butchers with prices for various weight brackets. Lows for heavier cattle range from 10.25 to 13.25 with other brackets priced up to 15.50.
Waterloo market lists steady prices for various live weights from 160 to 550 pounds. Prices range from 13.50 for 270 to 280 pounds to 10.00 for 500 to 550 pounds with mid ranges cited for 170 to 260 pounds and higher brackets.
Sioux City cattle receipts reach 3 500 with slow slaughter cattle and heifers. Early sales show Choice 1 025 1 250 lb steers at 21 25 to 22. Load average to high choice 25. Choice 850 1 075 lb heifers 20 50 to 21 25.
Receipts 6,500 cattle and 25 calves at Omaha, UPI reports slow to steady trade. Slaughter steers and heifers steady with Choice 1,000-1,225 lb at 21.25 to 22.00, part loads high choice and prime up to 22.50, good and choice beef mentioned with mostly high choice loads.
Tuesday hog prices in Cedar Rapids held steady with Monday quotes for bulk 200 to 230 lb hogs at 14.75 to 15.15 dollars. Pack sows at 300 lb ranged 12.75 to 13.25, with price adjustments applying for weight and grade tiers up to 500 and beyond. Grain and eggs listed include corn 1.10, soybeans 2.48, oats 0.68, and eggs various prices by size.
TEHRAN Iran 26 people drowned in three boating accidents Monday during Persian Gulf storms.
Sperry Rand leads as most active stock in the market review. Other notable names include Chrysler, Am. Motors, Ford Motor, U. S. Steel, General Motors, Studebaker, Sunray, Brunswick, Am. Photocopy, ALS, Stand. Oil, lParke Davis, Pan American Airways, and data from New York Stock Exchange.
In Chicago trading, speculation and short covering firmed wheat and soybean futures while demand lagged for other grains. Soybeans rose modestly as traders recovered from recent declines, with gains near two cents. wheat edged up fractionally and corn and oats moved little in quiet activity.
Prices listed for corn and soybeans in Chicago cash market. No wheat or sales. No. 2 yellow corn $1.234, No. 3 yellow $1.202, No. 4 yellow $1.182. Soybeans No. 2 yellow $2.692. Soybean oil at 7% 8a.
Wholesale prices steady to higher across dairy eggs and potatoes. Butter and eggs show small shifts with various grade prices listed. potatoes arrive 50 with moderate demand and shipments, Idaho russets and Red River Valley reds about 1.80 per unit.
Moderate demand for produce with fair activity in New York. Fancy heavy weight 47 lbs minimum quotes 39 40 cents per pound. No 1 medium 40 lbs average 37 38 cents. Standard 38 39.2 cents. Checks 32 33 cents. Butter supply ample with good demand. prices unchanged.
Cedar Rapids Junior Chamber of Commerce work project at the Cedar Rapids Children’s Home near completion. A final work session is set for Wednesday at 6 30 p m with about 20 volunteers already lined up.
Robert J. Buchelt son of Mr and Mrs Gerald Buchelt arrived from Romanzof Alaska where he was stationed the past year. After a 30 day leave he will be assigned to Hastings Nebraska.
Mercy hospital lists Charles Gerber of 333 Fifth Avenue SW as patient with visitors barred. Barlow's Barbershop plans a Feb 1 reopening at 1702 Fourth Ave SE. Optimist club to hear Eliot O. Waples ski film at Roosevelt Hotel. Cedar Rapids Nursing Home Empire 24430 ad. Breakfast Club to hear Municipal Court Judge Loren Hullinger Jr at 7:30 am Thursday Alcove SE. Cub Scout Pack 4 members from Harrison and Wright schools receive awards. Temple Judah hosts Rabbi Gordon on Reform Judaism 1964. Transportation Bureau execs meet after lunch at Sheraton Montrose. Mothers program at public library Wednesday 10:30 am. Youth sentenced in municipal court for altered license. Theft reported at Allen Motor Co. and basement loot at 3102 Mt Vernon Rd SE.
At a Marion Town House meeting a leading Democrat criticized Republican Congressman James E. Bromwell for slow action on Marion’s outgrown post office. Howard Morton, retiring Marion Democratic Club president, blamed Bromwell after discussions with Washington officials a year earlier. Morton hinted at future political ambitions while noting city population growth from 4 500 to 13 000 over 26 years and GOP control of the district. The report also covers city council actions on trailers, valuations, police transfers, new development, and traffic concerns.
Secretary of Defense McNamara said there is a very noticeable improvement in the fight against communist guerrillas in South Vietnam and he is encouraged by the progress of the last two weeks.
Robert W. Verhille of Marion has been named campaign chairman for the 1964 Heart Fund drive to be conducted in February designated heart month. Marion Gazette ads can be ordered canceled and paid at the Gazette Marion office 743 Tenth street DR 7 1559 open 8 a.m. to 5 30 p.m. Rainbow Girls advisory board meets Thursday at 7 30 p.m. at the Robert Lapham home 700 Thirty-fifth street. Bay House Iowa City buyers Charles W Yansky and wife purchased 1160 Sixth Street from James Chester. Sale handled by Kensinger Realtors with Gauger Company.
Lester S. Gillette, 71, former Iowa state senator and two time regents member, died at a Tucson hospital after wintering there. He will be returned to Fort Dodge, Iowa for services and burial. Gillette, a dairy cattle judge and Iowa State graduate, served 1936 40 in the Iowa Senate and ran unsuccessfully for governor in 1950. Survivors include his wife and seven children.
Two Eastern Iowa men have enlisted in the Navy and will report to the San Diego training center. Donald L. Freiberg of Coralville 21 trains in the nuclear field while Virgil E. Holderness Jr. 17 of North Liberty joins the general field. Linn county draft board sent 37 men by charter bus to Fort Des Moines for pre induction physical exams. Col. Averill promoted to full colonel in the National Guard retiring Jan 17 after WWII service with the Thirty fourth Infantry Division. Airman Stuart W. Kuehl home on leave from a Navy fighter squadron at Miramar for 30 days.
An SUI coed is hospitalized with hip and back injuries after a one car crash in northern Johnson county near Swisher. Linda Close 21 from Arlington Heights.il is listed in fair condition. Occupant Kent Andersson 19 from Iowa City was uninjured.
Cedar Rapids prepares for a federal grand jury session, possibly the first in the court's history, with 100 Linn Benton Cedar Jones Grundy Hardin Tama county residents drawn for the 1964 term. A related case involves Clyde Curtis Wilson, accused of sending a threatening letter, with bond set at $2,500.
Burris R. Knott of 709 Tenth Street SE filed for bankruptcy listing debts of 5645.49 and assets of 400 all exempt. He is described as a clerk and a former partner in K and K Decorators, which operated from 1960 to 1963.
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