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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 14, 1973
Page
4
Stocks fell as concerns over the dollar and inflation combined with news that President Nixon was hospitalized. The Dow averaged 30 industrials closed down 15.95 points at 885.99 on Friday, signaling a weaker sentiment in the market.
Prices paid on Saturday were steady with Friday's bulk country and plant delivered butchers 200-230 lbs at 42.00 to 42.50. Sows under 300 lbs ranged 37.00 to 37.50, heavier butchers and packers showed reductions by weight. Des Moines reports include USDA figures for various weight classes and yard activity with overall slow trade and mixed demand.
Butchers were steady and sows were steady in packing lant delivery. No. 2 butchers ranged 200-230 lbs from 41.50 to 41.25 dollars, No. 2 sows at 300 pounds and up priced around 36.50 to 37.25 dollars.
Market notes from Sioux City show sow values up about 50 cents to 1 dollar with 39.00 to 40.00 per head for U1-3 hogs and about 200 head of cattle cataloged. USDA-AP informants list 3,000 animals with higher figures, reflecting ongoing price shifts in the livestock market.
UPI reports cattle and hog futures with steers at 46.25 to 49.00, heifers up to 47.75, and cutters 28.50 to 31.50. Hogs rise 25 to 50 cents with No 1 200-250 lb at 44.00 to 44.75. Estimated receipts at 2,700 cattle and 2,000 hogs with cows and other categories showing varied values.
An advertisement promotes X11 Reducing Plan to slim down by suppressing hunger and boosting vitamins without dangerous drugs or strenuous exercise. It claims over 500 million tablets used nationwide, priced at 3 and 5 dollars, with a money refund via the druggist if unsatisfied. The company dates to 1928.
AP records show wheat No 2 soft red and No 2 hard values around 2.83 per bushel while No 2 yellow wheat lists at 2.40 oats No 2 extra heavy around 95 cents per bushel and soybeans No 1 yellow at about 7.00 per bushel with the market in flux.
Des Moines reports steer prices steady to 0.50 higher with uncertainty for heifers. Webster City notes 25 cattle and 500 hogs. cows 30.00 to 35.50, bulls 300 to 342.00, hogs at 42.00 to 43.50 top, sows 50 to 57, boars 32 to 34 for various weights. Estimated totals list 600 cattle.
Prices paid deliver to Chicago markets for butter and eggs show varied quotes. Butter ranges include 93 for Granaries and 90 for other lots. eggs report insufficient Jumbo and white eggs with several size brackets. Retail quotes list extra large 60 61, large 59 61, mediums 52 54 with limited availability for standards.
AP brief notes limited activity in New York markets with prices broadly unchanged. Traders cited cautious sentiment and subtle shifts in demand as volume remained light across key issues.
The Iowa Hospital Association sent a resolution to President Nixon protesting the economic stabilization price controls. Spokesmen say bans on price increases harm Iowa hospitals and could trigger a widespread disaster within 30 to 36 months unless modified. Executive VP Donald W. Dunn notes rising operating costs and restricted hospital expansion if rates cannot rise.
James E. Drake 83 longtime Central City resident died Friday in a Cedar Rapids nursing home. He was born August 28 1889 near Marion and married Bessie Kinkead in Decorah in 1937 she died 1970. Survived by brother Floyd Drake and two sisters all of Central City. Services 10 am Monday Murdoch Chapel Central City. Burial Mt Clark Cemetery. Friends may call after 1 pm Sunday.
Gov. George Wallace arranged extraordinary medical measures for the July 4 Decatur Alabama appearance with Sen. Edward Kennedy. A Decatur General Hospital team stood by with one surgeon on site seven on standby, extra nurses, and an extra A positive blood supply. A helicopter and a speedboat were positioned for rapid hospital access three miles away.
Noel Wilson Montz 74 longtime Webster area farmer and past national director of the NFO died Friday. Born April 2 1869 he married Helen Morgan Aug 27 1919 in Webster. He belonged to United Methodist church Sigourney Webb Lodge 182 AF and AM North English American Legion and WWI veteran. Survived by wife two daughters a son a brother eight grandchildren two great grandchildren. Services 1:30 Monday at United Methodist church with burial at Sorden cemetery Holm’s Sigourney.
A strong earthquake was recorded by the seismographic station in Berkeley California. The event occurred in the Kunlun mountains of western China and was detected by local monitoring facilities. Further details on magnitude and impact were not immediately available.
The Linn-Mar school board voted Saturday at 8 a.m. to reject Charter Coaches Inc bid of 91.75 per student per year for district bus service. Current cost is 76.29 per student. Wayne Engle urged rejection on cost grounds and urged studying transit alternatives annually.
Marion Churches Bethel Baptist First Baptist Grace Baptist Robins Faith Bible St Josephs Catholic Christian Robins Church of the Brethren Ascension Lutheran Lutheran Church of the Resurrection St Pauls Lutheran First United Methodist Prairie Chapel United Methodist First Presbyterian Reformed Presbyterian Church of God Seventh Day United Seventh Day outline service times Sunday school and worship hours and clergy names for multiple congregations on 8th to 2nd avenues and 5th to 15th streets with mass and sermon topics noted in places.
Eva Fontaine 1197 Lincoln drive Marion resident for 50 years died Friday in a Cedar Rapids hospital born April 27 1896 Newhall married Sherman A Fontaine June 4 1922 attended Tilford Academy Winton State Teachers College Coe Drake taught Keystone Atkins Mt Auburn member First Presbyterian Marion 50 year member of Marion Chapter 183 CES 50 year member of OOP Tennyson club NARVRE survived by husband daughter Delmar New York son Lt Col Richard C Fontaine San Antonio Texas three grandchildren service 1 30 p.m. Monday Marion burial Cedar Memorial cemetery calls after 10 a.m. Sunday casket closed 12 30 Monday donations to First Presbyterian church memorial fund.
Beirut AP reports that constitutional amendments enacted after an abortive coup have given Iraq President Ahmad Hassan Al Bakr near unlimited authority, according to Bagdad radio.
Classified note invites readers to place want ads to locate sellers for desired items. Contact number provided is 398 8234 for placing requests.
Television listings fees are noted for several Iowa markets and stations including KCRG TV Cedar Rapids WMI TV Cedar Rapids KWWL TV Waterloo KIIN TV Iowa City KTVO Ottumwa WHBE TV Rock Island WOC TV Davenport WKBT La Crosse KROC TV Rochester WHO TV Des Moines KDUB Dubuque.
Maytag Co officials in Newton said the firm will add 370 employees to its payroll, including 165 former workers laid off earlier this year. The move comes as the company enters its highest production schedule ever with a second shift added to the clothes dryer line and a 50 percent output rise for dishwashers, marking the end of the two week vacation shutdown.
Cornelius Hammell 27 formerly of Lansing Iowa was killed in a one car gravel road crash near La Crosse Wisconsin Friday night. Services set for Monday at 11 at Immaculate Conception Church Lansing Thornburg Burke's. Hammell survived by wife Margaret and his parents Roy and Mrs Hammell.
Four gunmen broke into a Des Moines residence early Saturday, taking $600 in cash and three weapons after holding 11 occupants hostage. A shotgun was fired near them while two more shots rang out, and three residents were injured by fist blows as police investigated.
The death of 20 year old Steven D. Jahnke of Cedar Rapids is tentatively ruled a drug overdose by the Linn County medical examiner. Jahnke was found in an abandoned farmhouse on Sixty Avenue SW and died within 24 hours. Hypodermic needles were found at the scene. He is survived by his mother Mary and father Gene, siblings Claudia Lisa and Christopher, and paternal grandparents. Cremation will follow a 2 p.m. service at Janeba Kuba funeral home.
A brief classified note invites readers to use want ads for buying selling or trading items and provides a contact phone number 398 8234 for options and inquiries.
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