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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 10, 1959
Page
2
Washington AP reports Radford asserts influence over minor market trends in U S grain quotations. Chicago grain quotes reflect cautious trading as Radford’s comments ripple through prices and farmer expectations.
Former chairman of the joint chiefs of staff Arthur Radford testifies before a House subcommittee about retired officers' ties to private industry and potential influence on defense contracts. He notes Philco and Worthington boards, and explains his roles while serving as adviser to the secretary of defense and acting head of the joint chiefs due to Twining's illness.
Chicago market reports show butcher hog prices slipping with a top of 15.50, the lowest peak since late 1956. Hog bids for 230 pounds and heavier mostly steady, while 240 to 270 pound ranges sit near 15.00 to 15.50. Cattle and sheep offerings were light, with steers and heifers steady to unchanged and lambs trading in the mid 20s for light weights.
UPI reports Des Moines cattle prices slipping with several interests down about 50 cents from early Thursday. Butchers vary by weight from 180 to 300 pounds with prices ranging 12.25 to 14.50 per hundred weight. Sows across heavier classes fetch 7.50 to 12.25.
UPI reports hog prices in Waterloo with bids by weight class. Quotes show various ranges from 160 to 400 pounds and sows priced from about 10 to 13 dollars per hundredweight, reflecting typical market fluctuations.
Omaha cattle receipts total 700 with calves 100. Slaughter steers and heifers scarce. Limited cow sales. utility and commercial priced at 18.26 to 19.75. Canners and cutters largely 16.00 to 18.00.
Sioux City market reports cattle receipts at 1 500, deemed insufficient to test the market. buyers and sellers await clearer demand signals in the next session.
Prices on the Cedar Rapids hog market show a quarter lower on Friday for good No 2 butchers and sows at plant delivered quotes. Meaty No 1 hogs and sows fetch 50 cents over, No 3 overfats 50 cents under. Grain and corn soybeans noted with small figures.
New York traders ended the session with uneven gains as selective demand pushed averages higher. The tape ran late in heavy final dealings with volume estimated around 3.3 million shares.
Three men robbed Masters department store near Rockefeller Center in daylight, escaping with 30000 to 35000 in cash and checks. Two wore black masks while the unmasked bandit had squinty eyes and a large nose. He carried a gun.
A fragmented market report describes fluctuating prices and limited demand across various produce lines. It mentions olives, daisies, horns, and greens with erratic shipments and mid tier sales, noting overall weakness for long shipments and a modest but steady pace in certain categories.
AP dispatch reports New York offerings at steady wholesale levels with moderate demand and spotty receipts. Descriptions show extras around 48 to 50 pounds and occasional price references, noting receipts of about 10,200 with unsettled market for specimens and crates.
Contracts for an additon to the Northwestern Bell Telephone building in Decorah have been awarded the general contract to Stolz Construction Co of New Hampton, electrical to Brown Electric and Appliance of Decorah, plumbing and heating to Peter Johnson and Sons of Decorah, and air conditioning to Utility Sales and Engineering Co of Rochester. Contract figures were not made public. The addition will house dial equipment.
Chicago reports the most active general demand in over two weeks lifting new crop soybeans Friday. Short positions rushed to cover before weekend trades amid a potential bullish government crop report. Wheat and corn moved mixed while oats rye fluctuated with soybeans varying.
AP reports Chicago grain prices with wheat at 1 red near 1.90, sample grade red around 1.75, corn No 1 yellow about 1.25 to 1.26, oats and soybean oil around 9 percent, barley trading 1.20 to 1.35, feed prices in the 0.90 to 1.00 range.
Plaintiffs drop a 35000 dispute over damage to a party wall between the Union Block building and Loop Storage garage opposite the Roosevelt hotel on Second Street NE. Plaintiffs J W Darragh, Helen Darragh, LeRoy Skogman and Earl Skogman sued Frieda, Sonia and Sylvia Padzewsky F S S Co and Paul Stockberger, alleging wall damage from garage parking. A prior related case against two insurers ended in a December settlement. a counterclaim by defendants remains.
Two men pled guilty to morals offenses involving minor girls. Leroy Hendricks, 24, received a six month suspended sentence for lewdness. Craig Simmons, 24, of Cedar Rapids, faced a two year suspended sentence contingent on good conduct for contributing to the delinquency of a minor.
Louis E. Everett sues Daniel C. Martin for $1850 on a promissory note. The filing alleges unpaid debt and seeks judgment for the amount plus interest and costs.
Wartburg college in Waverly received six thousand ten dollars and thirty five cents from the Iowa College Foundation during the first half of 1959.
A youngster was treated after a dog bite on the cheek. Burglars cut a screen to steal a radio from a residence. A 59 Ford drawing is announced with a barbecue and special pricing at local businesses. Several residents announce medical and legal notices, new offices, license surrenders, and hospitalizations.
Howell H. Brooks former president of Coe College is appointed director of physical plant at Indiana University. He will supervise buildings grounds architectural and construction work and safety across Bloomington Indianapolis and nine extension centers. Brooks previously served as purchasing administrator at the university and as Coe College president 1952 to 1956 after a 1950 stint as business manager.
Des Moines report says Rock Island Lines posted a $1,000 reward on Friday for the arrest of the person who planted 45 pounds of dynamite ahead of a speeding passenger train on June 5.
Rookie defense for a hit and run case on 77 Sunset Strip at 8 30 Friday as Stu and Jeff pursue clearance on channel nine.
In Krasnik Fabryczny Poland two weeks after a violent Catholic church protest authorities plan new arrests to quell unrest. Officials say up to 20 detainees remain under arrest though locals claim at least 300 have been picked up. Riot began June 26 when hundreds marched to the town hall and police station smashing windows as police used hoses and tear gas.
Family gathering hosted by Mr. and Mrs. Miles Sutera and Judy includes relatives from Myrtle Creek Anamosa Marshalltown Robins and Davenport. Mary Reineke lifelong Davenport resident dies at springville nursing home aged 63 with services at Holy Family Davenport. Community events span visits to Los Angeles Harpers Ferry and San Francisco and local notices for jobs and upcoming sales.
Margaret Richter, 48, was found fatally shot in the home of Bernard Hintz at Lakeside. Hintz, about 53, was being questioned by sheriff's officers and an Iowa Bureau of Criminal Investigation agent. No charges had been filed. The deputy said Richter was shot in the back with a foreign make .32 caliber pistol. An unidentified caller notified authorities. Hintz was arrested shortly after officers arrived.
Virginia Johnson, 36, of Rock Island, died June 3 when hit by a car. A purse recovered downstream from the body, containing glasses and one dollar bills, prompted Scott County officials to order a new investigation. Coroner ruled accidental death previously.
Richard F. Mitchell, dean of the Interstate Commerce Commission, who retired June 15, says he has no plans beyond taking things easy. The 69 year old native of Fort Dodge Iowa, a ICC member since 1947, is the senior commissioner by tenure and will be 70 on October 11, and will remain in Washington to rest up for a while.
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