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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 30, 1968
Page
8
Stocks fall with the Dow down 4.10 to 859.57 as high priced conglomerates and tech names retreat. IBM Xerox Polaroid Teledyne and Amphenol weaken while American Photocopy and Litton Industries trigger heavy selling amid a broad market retreat.
Nationalist Chinese frogmen on Quemoy island landed on the mainland before the Chinese New Year and unloaded medicine food and clothes for the needy a government spokesman said Tuesday.
The Cedar Rapids hog market posted steady prices on Tuesday with Monday’s bulk delivered butcher weights 20 to 230 pounds at 18.75 to 19.15 dollars. Packing sows under 300 pounds ranged 15.75 to 16.00 dollars. various weight and grade adjustments apply for both butchers and packers. Cattle and sheep figures appear with mixed quotes and several garbled lines. Grain and wool prices listed include corn at 1.09 and oats at 0.73 dollars per bushel, with soybeans at 2.60 dollars.
Chicago AP report shows USDA estimated receipts for Wednesday at 7000 cattle 4000 hogs 200 sheep. Butcher hogs sold 50 to 75 cents higher Tuesday while slaughter steers held steady and sheep volume was too light for a market test.
AP dispatch from Chicago shows USDA hogs 3,000 with butchers 50 to 75 higher. Hogs 1-2 190-230 lb at 20.00-20.75, 1-3 220-250 lb at 19.75-20.25, 2-3 250-270 lb at 19.25-19.75. Sows up 25. 360-350 lb sows 17.00-17.65, 500-550 lb 15.25-16.00. Boars 14.00-14.50. Cattle 1,200. calves none. Slaughter steers steady. 900-1,250 lb at 27.00-28.00 yield grade 2-4. good 24.50-26.00. Slaughter heifers 25.50-26.25. good 23.00-24.75. Utility and commercial cows 16.00-17.50. utility bulls 20.50-23.25. Steer and heifer market minimal activity.
Cattle numbers around 4500 and calves about 1000. Steers and heifers steady with high choice and prime 1050 to 1125 pounds selling around 26.60 to 26.65 per hundredweight. Heifers near 26.00 for 1000 pounds, with other grades ranging 25.40 to 26.25. Cows mostly 17.50 for the lower grades.
Chicago AP notes a slow grain market with soybeans and wheat futures down about a cent per bushel on Tuesday. Other grains followed lower while trade activity remained slow and mixed on both sides. at close wheat fell 5 to 6.4 cents, corn and oats largely steady or down small amounts, rye unchanged, soybeans down 4 to 5 cents.
AP reports Chicago cash grain prices with bids for Wheat No 2 hard from Loran and No 2 soft red at 1.49 1 1 4 percent per bushel. Corn No 2 yellow at 1.09 4 1 2 percent. Oats No 2 heavy white around 8 9 3 percent. Soybeans No 2 yellow at 2.71 7 percent. Soybean oil at 0.90.
AP USDA live poultry wholesale prices hold steady for lower and roasters at 24 to 26 cents per pound. Butter quotes range from 89 to 93 cents per pound with various grade classifications. Eggs show Grade A whites at 30 cents and mixed 0, mediums at 29 cents, standards 28 to 28 and a half cents. Potatoes arrivals total 56 thousand crates with 19 percent on track, U S shipments 333 thousand, market described as dull with moderate supplies and waning demand. Red River Valley round reds in Minnesota and North Dakota priced around 2.25 per pound.
AP USDA wholesale egg offerings show ample supply and slow demand with unchanged prices across grades. Des Moines reports fairly active trade for hogs and higher paret prices in some categories, with receipts and weights listed for various hog ranges.
Livestock auction data shows steer and heifer beef trading in the Sioux City and Omaha regions with prices around 40 41 per 100 pounds for choice 500-700 lbs steers and 40 41 for similar heifers. Slaughter cows and feeder cattle report mixed changes with some gains, while hogs and sheep note modest activity and varied loads and prices across market areas.
Hiawatha Optimists host an ice skating party at Wendy Oaks at 6 p.m. Wednesday. Advertisements note coin buying and dry cleaning specials. A son-in-law’s death in Chicago prompts funeral notices. The Sun Mart reports eight garbage cans stolen valued at $5 each. A Hootman Auto break-in nets a paint gun chain hoist and rifle worth $129.99.
A three judge federal court granted final permission for the Pennsylvania and New York Central railroads to merge. The railroads said they would complete the merger on Thursday.
Iowa Electric Light and Power Co reports a 1.6 percent rise in net income on a 4.9 percent gain in revenues for the year ended December 31. Revenues reached 64.13 million, up from 61.12 million. net income 7.43 million, up from 7.32 million. Earnings per common share remain 1.90 with 3.53 million common shares outstanding.
Friday meeting at Hiawatha School recognized Jeff Adair Mark Long Terry Dearing Brian Dotson Mike Melsha Eric Fioerchinger Doug Burkhart Dale Sexton Eddy Achenbach Eric Wittig Steve Fratzke David Welbes Kevin Smith Mike Williams Bradley Lint Mark Lovik Kim Schulte Jeff Durk with awards for Pack 63 members.
Walker announces services Thursday for John A Jack Kayser 71 a retired Walker appliance dealer who died Monday in a Cedar Rapids hospital He was born December 16 1897 in Independence married Stella Cosgrove November 23 1927 at Monti He served in World War I and belonged to Sacred Heart Church American Legion Surviving include wife a daughter a sister two brothers and four grandchildren Services Thursday 10 am Sacred Heart Church with military rites at the cemetery Friends may call Murdoch chapel Walker after 6:30 pm Tuesday Office of the Dead recited at 8 pm Wednesday
Sioux City livestock market report from AP notes USDA bids for steers and heifers. Cattle prices show buyers bidding on 4000 steers while smaller lots of 1000 to 1300 weight steers and 850 to 1050 lb cattle are listed.
Police fired tear gas in the corridors to separate fights between Negro and white students at South Side High School. Several students, policemen, and teachers were injured as tensions built over weeks. arrests were made, though no formal grievances were filed.
Heinrich Schliemann, who left business life in his mid forties to pursue archaeology, became famed for uncovering the Troy site at Hissarlik in 1873. He dug beyond the city walls and found a pre Mycenaean city older than Troy, which he initially misidentified as Troy.
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