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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 01, 1963
Page
20
New York stocks closed sharply lower on light turnover as key issues fell a few points. Analysts said traders hesitated, waiting for the market to find its own level, with volume around 3.5 million shares versus 3.02 million Friday.
Chicago market notes show hogs at 9 month peak with receipts of 6000 hogs 3000 cattle 500 sheep. Futures list hogs at 18.75 19.00 19.25 per hundredweight and cattle 21.50 22.50 with steers 24.50 and cows 15.00 16.50. The report also notes two Iowa enlistees Richard J Kayser and Gregory L Sanders plus Cedar Rapids sailors and three new seamen including Glen P Holt Dennis P Darling and Deid H Dierks.
Marion resident George T. Schultz dies Sunday in a Marion nursing home born June 13 1904 heir to horseradish business with his father Fred Schultz until 1956 later worked in Cedar Rapids restaurants surviving sister Mrs Herman Hackett. Services Tuesday 1 30 Murdoch chapel burial Oak Shade. Call at chapel.
Des Moines reports steady to 25 cents higher with estimated receipts Monday at 50,000 and week ago totals near 54,000. U.S. 1-3 butchers for 200-240 Ibs sell at 17.00 to 17.85. 240-270 Ibs at 16.35 to 17.70. U.S. 2-3 270-300 Ibs 15.50 to 16.95. U.S. 1-2 200-240 Ibs 17.15 to 18.15, with some 1s to 18.25. Sows range 270-330 Ibs 14.50 to 15.75. 330-400 Ibs 13.75 to 15.25. 400-550 Ibs 12.00 to 14.25.
Receipts 500 cattle and 400 calves with steers fairly active and higher by up to 50 cents. Heifers show strength with gains around 25 cents. Choice steers quoted at 22.75 to 23.25 with some sales to 23.50. Choice heifers range 22.75 to 23.25.
UPI reports Sioux City livestock auction with about 8 000 cattle and 5 500 calves. Trade rises 25 to 50 cents with most choice steers at 23 25 and most choice heifers at 22 50 to 23 25.
AP notes steady wholesale butter and live poultry demand with unchanged prices. Potatoes arrivals total 322 on track 343, with liberal supply and good demand, market easing slightly. California tong whites and red potatoes listed with narrow price ranges amidst mixed market signals.
Iowa authorities search for a dog that bit a four year old in Kellerton and Rockwell City, fearing rabies. The boy, grandson of Arnold and Mrs. Taylor, was bitten by a dog owned by Ray Jeffery as the families worked nearby. If the dog is not found by Friday, the child faces painful rabies treatment.
Uptick in animal futures reported by UPI with No 2 butchers and sows price ranges across weight brackets in Waterloo. Prices shown include 160-170 Ibs at 14.75 to 16.50 and sow brackets 270-300 Ibs at 15.00, with broader listings for various weights and categories.
Prices at the Cedar Rapids hog market Monday were steady. Satur day prices ranged from 16.00 to 17.25 for pigs and 1s and 2s generally 16.50 to 17.25, delivered at the plant. Sows 300 lbs down were 13.75 to 14.75, with weight-based deductions for butchers and packers across weight groups.
Chicago AP reports soybeans largely rose to the daily 10 cent limit with July near the limit as offerings thinned and profit taking paused trading. Corn climbed about 5 cents, wheat gained prominently, and oats rye and other grains posted sizable advances.
Two Cedar Rapids women were injured not seriously in weekend traffic incidents. Sally C. Kress, 23, of 1703 First Avenue NE, sustained a spinal injury when her car was rear ended at Third Avenue and Third Street SE. She was taken to St. Luke's Hospital in fairly good condition. The other driver, Larry D. Ryan, 27, of 328 Thirty-second Street NE, was charged with failure to have control of his car.
The article recounts a two car crash injuring Avonelle De Laney and describes a broker’s involvement in warrant speculation on Progress Mfg. It explains warrants as options with a fixed expiration and how time remaining affects their value, noting a price decline from earlier bets.
Chicago market notes show No. 1 red wheat around 1.8744, corn mostly at 1.3334 to 1.3254 with sample grades near 1.29, and soybeans trading from 2.71 to 2.75 for No. 1 and 2. No. 3 soybeans at 2.74 while oats list No. 1 extra heavy white around 0.72 to 0.73.
The city council approved Mollie Linville resignation as chief deputy clerk of the municipal court effective July 15. Linville has held the post since June 1955 and served under City Clerk Harold Schaefer in the city hall fourth floor clerk’s office.
A 3 year old Cedar Rapids boy James Seiler suffered a fracture of the right arm when his tricycle struck a bicycle parked on a sidewalk near his home. He was taken to St Luke's hospital after the 6 05 p m accident.
United Air Lines declares regular quarterly cash dividends of 1.375 per share on the preferred stock and 12.5 cents per share on common stock payable Sept. 3 1963. Midland Construction Co wins a sidewalk project bid of 22830 for 1963 program replacing faulty sidewalks in the city.
In St. Peter's Square Pope Paul VI dedicates his reign to world peace and Christian unity, delivering a nine language coronation address to a record crowd. Alfredo Cardinal Ottaviani crowns him with a lightweight beehive tiara as the new pope pledges sacrifice for peace and unity amid acknowledged obstacles.
Classified ad seeks to promote a service for sale in the want ad column. Copy describes offerings, pricing options, and contact method for potential customers. Includes a brief value proposition and call to action.
Lillian Velbeny of Marion died early Monday at age 63. A memorial service is set for Wednesday at 1 30 PM in the Murdoch chapel with Rev. Charles Moore officiating. Viewing after 7 PM Monday at the chapel.
In accordance with state law the Linn County Sheriff offers for sale to the highest bidder a 1956 Chevrolet Tudor at 9:20 a.m. on July 3 at the front door of the Linn County Courthouse Cedar Rapids. Sheriff James H. Smith.
Elmcrest Golf and Country Club Redeems ten year certificates due 1967 at principal and accrued interest. Sinking fund totals $7,000. Bondholders must surrender bonds at Merchants National Bank Cedar Rapids Iowa. Also notices final meeting of ordinances 38-63 and 39-63 in Cedar Rapids Iowa. fire arms and fireworks ordinance repealed mock. Ordinances amend fire code openings from ovensite garage with wooden doors. penalties for violations and publication in Cedar Rapids Gazette.
An assorted local ad page lists radio hosts Paul Nelson and John Eastman for nightly segments, dining spots like Charcoal Broiled TEAK x HICKEN TONY and STEAK HOUSE, plus multiple service ads for carpentry, cement work, hauling and painting. It notes contact numbers, hours and shop names across several venues.
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