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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 19, 1965
Page
11
Traders monitor uneven actions across major indices as the stock market shows irregular behavior with mixed advances and declines. Financial leaders, including Harris peers, weigh earnings signals and policy cues shaping volatility.
US livestock markets report Tuesday gains for hogs up to 25 cents higher and steady to higher bids for cattle and steers. Des Moines and Omaha show firm to steady demand with mixed receipts. Chicago area prices hold with modest increases in hogs and varied cattle and sheep quotes.
Paris reports the French defense ministry charges a U S photo reconnaissance RFIDS plane flew near the Pierrelatte nuclear complex on a mission to take unauthorized pictures. France says 175 photographs were taken of the plant, which is developing its first hydrogen bomb.
Prices for bulk 200 to 230 pound butchers ranged from 23.75 to 24.00 with packing sows 300 pounds and under bid 20.75 to 21.00. Quotes vary by grade and weight. movement based on plant delivery. The market also notes tied price adjustments by weight groups up to 500 pounds and over 500 pounds.
Colorado lawmakers in a Sunday special session voted to raise the gasoline tax by one cent per gallon to seven cents for 13 months starting August 1. The measure targets funding for flood-damaged highways and is expected to cost the average motorist about five dollars, raising about 8.3 million dollars. Separately the Senate rejected a resolution to ratify the 25th amendment, with plans to reconsider at the January regular session.
Wheat prices rose on the Board of Trade with strong demand, while corn and soybeans eased under moderate selling. Soybeans fell 34 to 2.34 cents a bushel, with wheat advancing about 5% to 154 cents. corn eased 0 to 1 cent, oats mostly steady to 1 cent higher. Chicago cash provisions list several wheat and soybean quotations, including No. 2 red and No. 1 yellow corn and various soybean grades.
A fire broke out Saturday on the roof of a large Picatinny Arsenal warehouse in Dover New Jersey. The spokesman for the arsenal said the fire was controlled within an hour and no injuries were reported.
Edwards Air Force Base California reports the second XB-70A experimental bomber completed its first flight reaching 40 000 feet at 950 mph. Pilot Al White noted a minor nose wheel steering issue on landing during the successful test.
Interstate Finance Corp a Dubuque based finance and loan company with 16 offices in eight cities reports net earnings of 235264 for the six months ended May 31 1965 up from 226858 a 37 percent rise. Assets climbed 991 to 45535417 while gross income grew 81 to 3217445. Earnings per share rose to 132 from 124.
Washington AP Denison Kitcher, manager of Barry Goldwater’s Republican campaign, once joined the John Birch Society. Stephen Shadegg cites the fact in What Happened to Goldwater, and Kitcher confirms he quit within two weeks in spring 1960 after reading The Politician by Robert Welch. Pasadena AP Scientists study Mariner 4 photos for life clues as JPL analyzes 21 frames. no life evidence yet.
In municipal court Monday three youths all aged 18 were fined ten dollars each for possessing beer. Names listed include Robert K. Omar, John L. Schultz, and Harold K. Wilson.
Sam Shulsky suggests transitioning a conservatively managed college fund for a 21 year old. He notes current growth potential in mutual funds and stocks, advising a phased shift from government bonds to diversified growth investments as income and goals are clearer. He emphasizes long term planning, balancing safety with growth.
Iowa employment security commission Mayday granted unemployment benefits to a Marion woman after Linn County District Judge Charles Penningroth ruled she was entitled. The Marion Eager Beavers 4 H club met Friday at Mike Blin’s home to work on record books and discuss the county fair. Next meeting is August 20 at Mark Dingman’s home.
The Eleventh street resurfacing project in Marion is nearing completion with work on the east west alley between Tenth and Eleventh streets and Seventh and Eighth streets already underway. Bids for phase two concrete paving of South Eleventh Street from First to Grand avenues plus storm sewer work will be let at the council meeting.
Kitchel Phoenix attorney and Free Society Association president filed a resignation dated June 8 1960. Goldwater rejects Welch positions but did not disavow society backers during the campaign. Shadegg recalls guiding Goldwater campaigns and expresses ambition for the top post, criticizing Kitchel and associates Baroody Hess and McCabe.
Washington AP report describes senators showing two electronic devices named Snooperscope and Sniperscope alleged to be used by IRS agents in Boston. Senator Long indicated intent to question details at a judiciary subcommittee hearing amid questions about possible bugging and eavesdropping practices involving federal buildings.
Kelley says he knows of no case where a Boston area attorney tax return was selected for a special audit by malice. He notes he has heard such allegations outside the IRS but does not confirm them.
In Leonard Texas Fannin county Commissioner John Kent saw his car pass through a cafe front during a collision sequence. A tractor trailer rammed into a second car in the street and then into the cafe parking area pushing Kent's unoccupied car inside the building. Seven people were injured but none were hospitalized.
Postmaster General John Gronouski announces 25 000 copies of the national Zip Code directory sold. The book, priced at 7 dollars, published June 1, spurred a second printing of 10 000 copies due to strong demand.
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