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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 02, 1963
Page
18
Stock market closes sharply higher in a rebound from recent losses. Motors, airlines and rails lead the gain with several points on glamor issues. Volume around 3.4 million shares as the Dow touches the 700 mark.
A dense ledger shows price quotes for numerous industrials and major stocks, with values ranging across sectors. The list includes Admiral, Allegany Corp, Kennecott, Lockheed, Con Edison, Boeing, Chrysler, Pfizer, Exxon, General Electric, IBM, RCA, and many others, reflecting trading activity and varied percentages.
UPI reports cattle receipts at 5 500 and calves 100 with a fairly active market. Steers traded mostly in the mid 23s per hundredweight with high and good choice loads at 22.00 to 23.25. Prices for choice heifers and mixed lots hovered near 22 to 23 dollars, with several loads showing higher values.
UPI reports 7 000 receipts with calves 75, steady to 50c higher on select steers amid active trade. High choice with end prime steers at 24.25, most choice 23.00 to 23.75. Load of high choice heifers 23.75, good and choice 21.00 to 23.50.
Cedar Rapids youth Richard Tomanka, 17, of 2633 Fruitland Boulevard SW was driving by Jones Park swimming pool at 946 p.m. when a firecracker exploded between his back and the seat. He was treated at Mercy hospital and released.
Carpenters Local 308 installs officers on July 1. James C. Christen sen is president, John I. Smith vice president, Gerald Lisk financial secretary, Harold V. Heath recording secretary, Paul Drakos warden, Roed Kirkpatrick conductor, Harold Powers trustee, and Earl E. Edwards business representative and treasurer.
Official USDA estimates show Wednesday receipts of 8,900 cattle, 5,500 hogs, and 500 sheep in Chicago. The uneven price trend reflects fluctuating demand across livestock markets.
Chicago wholesale hog prices moved unevenly up to 25 cents per hundredweight while lighter offerings under 230 pounds pulled some declines. Slaughter steers in the small cattle supply graded good to choice and sold around 21.50 to 23.75 with the market steady to strong, and a few mixed high choice and prime lots reached 24.25.
Hog sales totaling about 5500 head ranged 25 lower to 25 higher with 190 to 260 pound hogs at 18.00 to 19.00. Cattle sales around 2000 head included steady to firm slaughter steers and heifers with loads near 22.75 to 24.25 and cows 15.00 to 16.50. Sheep activity amounted to 500 head with spring lambs weak to 50 lower and ewes 4.50 to 6.50.
Des Moines cattle market moves up with steady to 25 cents gains. Tuesday receipts estimated at 60,000, week ago 62,000, year ago 35,000, Monday 45,000. U S 1-3 butchers 200-240 Ibs 17.27 18.00. 240-270 Ibs 16.50 17.80. U S 2-3 270-300 Ibs 15.75 17.20. U S 1-2 butchers 200-240 Ibs 17.40 18.25. Sows 270-330 Ibs 14.75 16.00. 330-400 Ibs 14.00 15.50. 400-550 Ibs 12.25 14.50.
Waterloo prices list hogs by weight with No 2 hogs quoted at various brackets from 160 to 400 pounds. Heavier weights pull higher prices while sows are listed as steady and 25 cents higher for stated categories.
Cedar Rapids hog market rode steady Tuesday as prices matched Monday levels from 16.25 to 17.50 with a few at 17.65. The bulk of 1s and 2s sold 16.75 to 17.50 delivered at the plant, while packing sows 300 pounds and under ranged 14.00 to 15.25. Butchers were 15 cents lighter per 10 pounds 230 to 260, heavier groups 260 to 300 cut 25 cents less per weight class, and packers 25 to 75 cents lower across weight ranges 300 to 330 and above 500.
The market lists eggs at 26c for large, 20c for medium and 20c for dirties and checks 7c per dozen. Wool prices show No 1 at 48c and No 2 at 38c per pound. Grain quotes include No 2 corn at $1.18 and soybeans at $2.50 per bushel with oats listed at 36 lbs.
In Chicago trading, profit taking dominated grains with soybeans dropping sharply. Wheat and corn moved mixed to lower, oats and rye also fell, while only wheat showed gains in the session.
Chicago cash provisions quoted for grains and soybeans with No. 1 red corn at 1.89 and a half dollars, No. 2 and No. 3 values around 1.34 and 1. jareas 3305. Soybeans show No. 1 yellow near 2.80 and No. 2 at 2.80. Prices include multiple grain grades and soybeans per standard market listings.
Wholesale prices for live poultry roasters ranged 25 to 26 cents, special fed White Rock fryers 19 to 20 cents, Barred Rock fryers 2 to 2 1/2? cents. Butter steady with 93 score AA at 57 cents. Eggs steady with whites 32 cents, mixed 31 cents, mediums 26 cents, standards 29 2/3 cents. Potatoes arrivals 147, total U. S. shipments 426, market described as liberal supply with moderate demand. California long whites $3.25 to $3.80, round reds $3.46 to $3.75, Arizona round reds $2.75.
AP dispatch reports light to adequate demand for eggs and butter in New York. Large eggs top quality and extras up, with mixed demand. butter prices steady as market shows light to adequate demand and no change from previous levels.
A reader explains starting stock ownership in 1962 with AT&T Atlantic City Electric Standard Oil Jersey Pacific Gas and Electric and Putnam Growth. The adviser cautions against selling to chase faster growth, endorses patience, and urges following the broker's guidance despite small losses.
New York May quarter results show American Telephone and Telegraph and Bell System affiliates posting a record net income of 375.325 million dollars, or 1.49 dollars per share, for the three months ended May 31.
Linn county jail prisoners will be used on county roads starting Wednesday. County Engineer William Harrington said the inmates will aid with odds and ends and roadside cleanup along major roads. The number used depends on trucks and prisoner availability. the plan was authorized by a 1961 board resolution.
Cedar Rapids attorney Bob Nelson charged on Tuesday that Linn county supervisors and the zoning commission used improper procedures. He said he was not notified of a zoning decision for Floyd Popinger or of when the matter would appear before the board. Nelson disputed commission reports on the case.
Popinger sought to rezone 4 acres south of highway 30 on Cedar Rapids west edge. The denial followed absence at the commission meeting where the request was considered. He claimed to attend May 17 but missed other reviews, and officials said petitioners must track when hearings occur.
Toddville couple Bruce and Linda Enos ask the district court to compel grandmother Hattie Suits of Marion to return their eight month old daughter Melody Lynn. A July 11 hearing at 1 30 p.m. before Judge B J Maxwell was set.
Raymond L. Aldridge aged 41 of route three was arraigned and given until July 8 to plead to a charge of drunk driving. The arraignment occurred Monday in the county court.
Aldridge was arrested Saturday at 8:45 p.m. in the 300 block of First Street SW after police said he was driving without his lights and weaving back and forth in his lane near the courthouse.
Judge William Eads Monday issued a temporary injunction preventing Cedar Rapids Development Co from erecting a fence to bar parking at Brecht's Tavern 1623 J Street SW. Floyd J Brecht filed the petition seeking $20 000 damages if the fence remains and notes a lease on the parking area to April 30 1964. The lot is described as essential for tavern patrons.
A suspended sentence for Donald E. Eskew 29 of 1214 Third Street SW for indecent exposure was revoked Monday by Judge B J Maxwell after Eskew was arrested on lewdness charges. Cedar Rapids police say he walked nude into a woman's home and admits six similar incidents in the past year.
In Linn County Iowa the District Court will hear on July ith day 1963 at 9 00 a m the proof and admission to probate of the last Will and Testament of Florence M Vorpahi late of the county deceased at the Cedar Rapids Court House Iowa Melvin J McCalley Clerk District Court Wt O Slade Attorney
The District Court in Linn County Iowa will hear for probate the will claimed to be that of Anna Hofmaster deceased. The hearing is set for July 8 1963 at 9:00 a.m. at the Cedar Rapids Court House. Clerk of District Court and Edward Von Hoene attorney listed.
On July 1, 1963, H W McCright was appointed and qualified as Administrator of the estate of Harry H. Jones, late of Linn County, Iowa. Carl Hendrickson, Attorney.
The administratrix of Carrie Shaffer’s Linn County Iowa estate signed on June 24. Jennette Parker is named as Instratrix with Dale C. Stentz as attorney. All creditors to the estate should come forward.
Notice states on July 1 1963 the undersigned was appointed and qualified as Executor of the estate of Joseph Kilberger of Linn County Iowa Bank Trust Company and attorneys Lee Lynch Dallas Smith Harman act in the matter.
Administrator Donald D. Holmes appointed June 24, 1963 for the estate of Charles T. Biggs of Linn County Iowa. Creditors and claimants must file or pay debts at the Linn County District Court Clerk’s office.
Woman reports a missing red billfold with an ID near Mercy Hospital and offers a reward. Contact 447 Springville to claim or provide information.
James W. Trimble, 28, of 414 First Avenue NW, received a six month suspended sentence after pleading guilty to driving with a suspended license. The charge followed a two car collision at Fourth Avenue and Second Street SW. Court records show his license was suspended on February 4.
Incorporation of Iowa Adjustment & Credit Bureau Inc under the 1962 Iowa Code. Began July 1963 with perpetual duration. Authorized 250 shares of $100 common stock. Registered office 405 Granby Building Cedar Rapids Linn County Iowa. Lorena L Fluegel named registered agent. directors include Lorena L Fluegel William L Fluegel Carl Hendrickson all Cedar Rapids addresses.
A filing on the 24th designates Oswald J. Paulsen as executor of Gretchen Paulsen late of Linn County. M. L. Nathanson is the attorney.
State of Iowa Linn County notices Arthur H Mussman named executor of the Mary Edna Mussman estate with Barnes Wadsworth Elderkin Locher and Pirnie Attorneys listed for the probate action.
Ced-Rel Supper Club and Draport Inn beer permit requests were tabled by the board of supervisors for one week amid doubts licenses could be issued before Thursday when a new law granting authority to issue permits in unplatted areas takes effect. Both establishments lie outside platted boundaries. Beer permits are needed to obtain liquor licenses.
London reports that Britain designated December 12 as Independence Day for Kenya. Prime Minister and colonial authorities announced the date in a press briefing, signaling a formal transfer of power later this year.
Allis-Chalmers acquires Schwager-Wood Company Inc of Portland using stock. Schwager-Wood will operate as a separate firm with 75 employees under W M Wood as VP and GM. The firm makes high voltage switches and interrupters for transmission and distribution used by utilities.
The bathyscaphe Trieste, after failing to locate the sunken submarine Thresher in five dives, is expected to return to the search area following an extensive overhaul in Boston.
A brief want ad seeks bright, reliable workers. Listings call for prompt applicants with strong work ethic and availability. No specific job titles or locations provided in the readable text.
Probate No 29655 in Linn County District Court announces sale of real estate owned by Joseph Hala Jr an absentee. Administratrix Jean Le Mar will offer Lie Muditor’s Plat No 174 Cedar Rapids at 1 30 pm July 8 1963 in the Law Library Room 209 Cedar Rapids. Terms require 10 percent bid deposit with balance on delivery of Administratrix Deed and title abstract.
Free trimming and removal. contact EM 3-6919 or EM 3-0539. Arry's Transfer offers insured cargo service at EM 2-9156. Black dirt and fill trading by Nolan EM 3-0780. Ed Simon offers patching and papering at EM 2-7774. Truck driving experience with chauffeur license via EM 5-6885. Painting and interior work with free estimates by Hale EM A 3-436. Carpenter building remodeling free estimate EM 2-522. Yard work and gardening. Part time city delivery chauffeur license EM 2 4040. Cecil Bunner painting and house washing free estimates EM 50737. Roof repairs and chimney insurance claims EM 4060.
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