12 Jul 1960
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 12, 1960
Page
1
DES MOINES IUPI receipts and bids show steady to lower demand for cattle hogs and calves. Reports from Sioux City Omaha and surrounding markets cite price ranges for hogs cattle and calves with typical shifts in value and mix of quality including high and low choice categories and utility grades.
Tuesday auction data show steady to dime lower prices for hogs with butchers at 17.85 per cwt based on grade and conditions, packers quoted 14.85 to 15.60 for 200 etc, weights and weight-grade differentials affect value. Cattle activity notes include steers and commercial cows with mixed demand and pricing parallels to hog market shifts.
Fragmented OCR text shows receipts prices and wholesale notes with garbled words. Mentions New York and home ownership ads while mixing unclear market terms such as wholesale buying prices and grades. No clear event, date, or named entities beyond New York.
New York stocks closed lower amid mixed trends as air craft missile stacks and copper act as forward indicators. Volume was estimated around 2.8 million shares traded, signaling cautious investor sentiment in early trading.
United Air Lines reported an all time passenger traffic record for June with Cedar Rapids showing gains across categories. Local operations rose 9 percent over June 1959 as 3 847 passengers boarded, air mail up 109 percent, air express up 26 percent, and air freight up 19 percent at Montel airport. Systemwide revenue passenger miles reached 565 805 000, up 6 percent, while mail miles rose 129 percent to a record, and freight ton miles fell 6 percent.
Investor asks if switching from AT and T payroll deduction to a mutual fund plan can grow $40 monthly for 10 years to $40,000. An adviser would evaluate expected returns, fund performance, fees, and time horizon to determine feasibility and risks.
City briefs note that the Chamber of Commerce directors will convene at noon Friday in the Roosevelt hotel. Other items mention Dowstown Downtown Cedar Rapids Association planning a Thursday meeting, a coin club gathering at the YMCA, and various local ads and notices including hospital patient information and shop promotions.
A barn on Walter Foels farm four miles southwest of Garey was completely destroyed by fire around 12:20 to 1 p.m. Tuesday. About 3,500 bales of hay and unspecified livestock were lost, insured, with the building and stock value unclear. A separate note mentions disputes about a fund and annual payments, but no final loss amount was given.
AP dispatch notes flour and mill buying boosting wheat in Chicago market. Wheat rose about 4 to 4% with futures and cash prices mixed. corn and oats moved lower while rye showed a small gain. Soybeans advanced on export demand, with cash prices and futures reflecting renewed buying activity. mixed grain values and pending deliveries were cited as factors.
Iowa and national delegates form a National Democratic Convention group in Los Angeles to spotlight agriculture as the nation’s top domestic problem. Leonard Hoffman of Jew Falls is chairman with E Worth Hays of Hanlin as co chairman, joined by state and Midwest delegates on the executive committee.
Marion city council awarded contracts totaling 75713 for the Marion library addition. Biahrik Construction Co. won the general contract at 53063 with Kehrér-Wheatland Co. plumbing and heating at 15544 and Fandél Hlectric Co. wiring at 7105. Cedar Rapids firms. Also granted cigarette renewals to several local businesses and approved sewer and fund transfers. An ambulance was escorted to St Luke's hospital for Gussie Zeigler after an overdose incident at Springville residence of Mrs Zeigler.
Marion merchants sponsor Kids Karnival at Ce-Mar Arise park July 19 and 20 from 5 to 10 30 p m with free rides for kids. Tickets from Marion merchants. Over 50 000 free rides given last year. Committee heads include Donald Halster Ralph P Young Fred Weber on day one and Gene Burd Leonard Statin on day two. Executive Committee of Marion post 298 American Legion meets to plan a ride on Aug 27.
Miss Alice Putnam, 70, retires after 48 years and 2,500 pupils taught in Houston. She specialized in lip-reading and teaching children with impaired hearing after switching careers in mid life. Her work expanded from a few classrooms to a 26 teacher department, emphasizing encouragement and moral support alongside technical skills.
Kingsville Texas AP reports a burglary suspect named Loy passed a lie detector test Monday and subsequently confessed to more than a dozen additional burglaries. Police say the admissions expand the alleged crime spree across several neighborhoods.
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