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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 09, 1965
Page
17
New York stocks rose across sectors led by advances in industrials and technology as investors digested corporate results and economic data. The market showed gains breadth with major indices up, signaling improved risk appetite ahead of next week’s data releases.
Butcher hogs sold steady to 25 cents lower while slaughter steers were steady to 50 cents lower. Sheep remained fully steady in Chicago Friday.
Chicago grain prices showed slow and mixed trading with wheat and corn uneven, soybeans firming while oats and rye edged lower. Slaughter lambs and hogs moved within narrow ranges as demand remained cautious.
A $75,000 damages suit filed in federal court names Ivanov J. Hamilton of Belle Plaine as defendant. Plaintiff James A. Moffett of Palm Harbor Florida alleges Hamilton's negligence caused a July 18 1963 accident near Watkins Iowa injuring Moffett who was employed by Mannat Inc. at the time. He says medical costs of $3401 and impaired earning capacity, with partial permanent disability, result from the crash.
An airliner with 52 aboard crashed Thursday night near the Cariboo cattle country in central British Columbia. Officials say there were no survivors, with distress calls "May day" heard at 5 10 p.m. after the DC 6 B piloted by John Steele reported a course change to avoid weather. Flight 21 from Vancouver to Whitehorse vanished at 15 000 feet. the tail stabilizer was found a mile from the main wreckage, with an explosion in flight suspected.
AP reports Iowa State University will appoint John D. Shelley known as Jack Shelley news director of IBM stations in Des Moines as associate professor of journalism. He is 53 and will be paid 13000 dollars annually starting Sept. 1. Shelley is a Missouri graduate with prior work at Clinton Herald and WHO Des Moines.
UPI reports Galveston declared leading Gulf Coast port status as radio lines note the city’s prominence. In Saigon, two waves of 19 U.S. planes each raided Yen Bao depot northwest of Hanoi, totaling 20 tons of bombs and causing fires with nine buildings destroyed and three damaged. All aircraft returned safely. A Cedar Rapids estate notice follows in legal notices.
The author advises two safe paths for student investors: choose a mutual fund or pick a growth oriented company with long standing leadership and rely on management. They caution against trying to chase rapid market moves and emphasize staying informed without daily trading.
Notice is given that on July 19 1965 at 9:00 A M a instrument purporting to be the last will of Fanny Fegley deceased will be offered for proof and admission to probate before the District Court at Cedar Rapids Iowa Hendrickson attorney represented by Kenneth L Perry Clerk.
Notice is given that the City Council of Cedar Rapids Iowa will consider a resolution of necessity for constructing a sanitary sewer in a specified Fire District Linn County Iowa The hearing to approve the levy for the improvement will be held August 4 1965 at 9:00 AM at City Hall Cedar Rapids Iowa The resolution describes the district boundaries and the area to be improved and states the method and materials to be used for the sewer system and the assessment against abutting properties The notice also mentions public inspection of the plan and that objections may be filed before the passage of the resolution.
Galveston emerged as Texas first deep water port in 1890 and soon ranked among the top ports for grain car loadings and overall cargo. The harbor also developed into a leading cotton port with growing industrial activity and trade.
Analysts who work closely with the company often misread its prospects and risks. Even seasoned insiders can be badly fooled by hidden factors shaping the firm’s future.
Vice president Humphrey announced a new bipartisan Senate ethics committee with Democrats Stennis Monroney and McCarthy and Republicans Bennett Pearson and Cooper named to the panel.
A federal suit seeks 1500 against the Chicago Rock Island and Pacific Railroad Co. with six counts alleging faulty airbrakes and skipped inspections on trains Cedar Rapids to Silvis Illinois. Alleged violations span Dec 28 1964 to Feb 8 1965 with 250 per count.
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