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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 08, 1963
Page
18
New York stocks ended lower as rails and motors dragged the market. Trading was moderately active with an estimated 3.3 million shares, up from Friday's 2.92 million. Losses ranged from fractions to over a point on several key issues.
A compact record lists multiple firms and figures with percentages and partial codes. Notable entries include Natl Oats 19-2014, Cohu Elec 5-58, Rath Pack 117% -12, Dodge Mfg Co 35 8Sch'ld Btm 64-7% and Kaiser Ind 758-794. The data suggests a market quotation page with varied percentages, ratios, and company identifiers.
Wholesale prices for live poultry and butter steady to higher with roasters at 25 to 26 cents. Eggs show about steady wholesale prices with Grade A white eggs at 30 to 30 1/2 cents. Potatoes arrivals 167 and total U S shipments for Friday through Sunday indicate moderate supply and good demand with California long whites and round reds priced in the 3.00 to 4.00 range. Texas and Arizona reds shown.
USDA data show creamery butter at 91 score AA and 92 score A with midweek bids around 59 and 58 cents, while eggs list extras and standards with price ranges from about 23 to 33 cents per dozen. Demand is described as spotty and adequate in New York trading notes.
Keith Elwick vice president of Hawk Bilt Co receives a homecoming welcome after earning a silver medal and Burke challenge trophy at the Royal Farm show in London for inventing a new manure spreader now built in England. He will be greeted at the airport and paraded to the court house and Washington High School for a gym program.
Earl McQuiston of Green Bay Wisconsin a former SUI football player pled guilty to false drawing and uttering a check. Judge Daniel Boyle suspended a 30 day sentence after the defendant made restitution for cashing two false checks totaling 70 dollars in April.
Chicago AP reports USDA estimates for Tuesday include 3 000 cattle 6 500 hogs and 500 sheep. Monday butcher hogs sold steady to 25 cents lower per hundredweight as trade remained fairly active. Slaughter steers rose up to one dollar per hundredweight while cattle supply fell to 8 500 head, the smallest Monday in years and down 3 500 from weekend estimates.
Chicago livestock prices show hogs 8 000 head with steady to down moves. 190-350 lb ranges 18.25 to 19.00. cattle 8 500 with higher slaughter steer prices 25.50 to 26.00 for 1150-1400 lb, heifers 24.50-24.75, cows 14.75-16.25. sheep 600 lambs with spring slaughter at 22.00 for 85-100 lb and ewes 4.50-6.50.
Des Moines reports steady pork market with prices 25 cents higher than Saturday. Estimated receipts Monday 55 000 but actual weekly 45 000 and year 55 000 with Saturday 27 000. U S 1 3 butchers 200 240 Ibs 17 25 18 25 240 270 Ibs 16 60 18 00 U S 2 3 270 300 Ibs 15 75 17 10 U S 1 2 butchers 200 240 Ibs 17 25 18 25 Few No Is to 18 50 Sows 270 330 Ibs 14 25 15 90 330 400 Ibs 14 00 15 40 400 550 Ibs 12 25 14 40
Cedar Rapids hog market reports steady prices Monday with Saturday bids at 16.50 to 17.75 dollars. The majority of lights and 2s at 17.25 to 17.75 delivered to the plant. Pack ing sows under 300 pounds 14.25 to 15.25 dollars. Butchers priced lower per weight group and packers saw declines as weights rise beyond 230 to 330 and above.
Chicago AP reports a broad market lull with soybeans slipping up to nine cents, corn down over three cents, and wheat mixed or lower. Soybeans settled 6-854 cents lower, corn 1-34% cents lower, with rye and other grains also weaker as traders awaited direction.
Wheat and corn prices listed for various grades with No 1 yellow soybeans and related oils. No oats sales recorded. Values shown include No 1 red, No 1 hard and sample grade yellow for futures like No 2 red at 1.87 and No 1 yellow soybeans around 2.67 to 2.75, plus soybean oil at nine cents.
Cattle receipts reach 6 000 with calves at 1 000. Prices rise 50c to 1.00 as most choice steers bring 24.00 to 25.00 with some loads at 25.25 to 25.75. Most choice heifers bring 23.50 to 24.35, with some very good to prime at 24.50.
Receipts 11 500 cattle and 300 calves. market moderately active with gains of 25 to 50 cents. Most choice steers bring 23.75 to 24.75 with two loads at 25.25 to 25.35 for high choice and prime. Most choice heifers 23.75 to 24.00.
The Investor's Guide article explains no-load mutual funds have identical bid and asked prices, while load funds show a price difference. It notes you can find fund names by reviewing daily quotations and obtain addresses by writing to the Investment Company Institute at 61 Broadway, New York.
Preparations start for a 60 day trial of a new garbage collection system using heavy paper sacks instead of cans. Representatives from St. Regis Paper Co. explain the plan to residents in the northeast Marion area as iron holders for sacks will be installed next week. The council will decide if the system becomes citywide after the trial, with Pete Funston staying in the city to answer resident questions at city hall.
Governors of the New York Stock Exchange voted to suspend Ward Industries stock as earnings and tangible assets fell below required levels. The issuer has posted losses averaging over $3 million annually for three years, with net tangible assets in deficit exceeding $1 million.
Dinah the Dinosaur lures Felix the Cat into a trap announced by Sheriff Steve Nshow on TV 9 at 4 30 Tuesday.
Three liquor license applications filed as of Monday morning. City council to consider a resolution on the new state liquor law and a hearing on the first section of the 1963 paying program is scheduled for Monday night. Denise McCracken, nine, dies in Richardson Texas. services held there. Marion residents visit family in Lebanon Missouri and Mrs John Vernon returns home after convalescing in Center Point.
The chamber of commerce board of directors will meet Wednesday at noon at the Suburban. YMCA notes Tuesday schedule at Marion branch includes Girls at 10 a.m. and men's softball at 6 p.m. Local ads promote printing and rug cleaning services.
Bertha G. Barnes 89 of 979 Twenty-second street died early Monday at home. Born January 1 1874 at Center Point she married Edwin A. Barnes March 15 1898. They moved from Walker to Marion in 1902. Surviving are a daughter and two sons with three grandchildren. Services at Murdoch chapel with calling after 7 pm Tuesday.
The Iowa Young Democratic Clubs urged congressmen to unconditionally back President Kennedy’s civil rights proposals now in Congress, including equal access to privately owned public accommodations. President Dale E. Wagner asked Sens. Hickenlooper and Miller to oppose southern conservative filibuster tactics and distance from Goldwater’s stance on civil rights.
Patrolman Don Ruppert spots a car with a tray of cupcakes on its roof in Burlington. He signals the driver to stop, removes the tray, and returns it after a brisk exchange. The driver thanks him and continues, while Ruppert notes the heat of the day. He records the license number but not the name.
Applications to sell liquor by the drink continued to pour in to the state liquor control commission. The panel approved 94 licenses on Friday and by noon Monday had received over 200 requests, including 39 from Sioux City.
Iowa City officials reveal the Johnson County board of supervisors approved three liquor license applications on Monday. The clubs are the American Legion club, the Ranch Supper club at Cou Falls, and Stuffy's Happy Hour at Shueyville. Each seeks liquor service starting Monday night as the Des Moines liquor commission grants approval.
Proceedings from Linn County Iowa board dated June 10 1963 record amendments to minutes May payrolls and the approval of payroll changes. They authorize cigarette permits renewals for local businesses and approve a roadvacation hearing and a repair plan for Drainage District No 9. The board also authorizes outside counsel in a condemnation suit and approves travel for planning conferences in Denver.
At the January 21 1963 annual meeting in Cedar Rapids Linn County Iowa stockholders unanimously approved an amendment to the Amended and Substituted Articles of Incorporation. The amendment governs adoption repeal and amendment of By laws with stockholders designated By-Laws superseding conflicting provisions. Dated April 17 1963. Vernon E Dice President Ernest Diltz Secretary.
A scattered notice page lists several lost animals including a Holstein heifer near Ely and River Roads, two Basset hounds near Bailey's Ford SE Manchester, a Wilson baseball glove at Noelridge Park, a green parakeet, and a Siamese cat. It also features assorted local ads for services and shops across Cedar Rapids and Manchester, with contact numbers and small promotions.
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