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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 03, 1963
Page
18
New York stocks finish uneven after early gains dissipate. Trading remains active with volume around 5.3 million shares versus 4.69 million Friday. Some stocks rise by fractions to more than a point while others fall as the market nears 1963 highs.
Receipts 15 000 cattle with 200 calves at Omaha. Steers slow and mostly steady while heifers are moderately active and steady. Water-fills common. Bulk choice steers 1000 to 1325 pounds bring 21 50 to 22 25 with a two load noted at 22 35 and a high end load at 22 50. Choice heifers sell 21 75 to 22 50 with two loads around 900 pounds at 23 00.
Sioux City stockyards report receipts of about 8 000 cattle and 800 calves. Steers and heifers opened slowly with steady demand. Choice 950 to 1 250 lb steers sold from 22.00 to 22.50 per cwt, with some loads around 1 150 to 1 200 lbs at 22.75. Choice heifers 21.75 to 22.50, some prime loads 975 to 1 050 lbs at 22.75 to 23.00.
Wencil Henry Rehder of Palo died in a Cedar Rapids hospital after a short illness. Born May 28 1897 in Palo he married Pearl Karr December 27 1923 in Cedar Rapids. Survived by three daughters two of Palo, thirteen grandchildren three sisters and other relatives. He was a World War I veteran and longtime Linn county official. Services are Wednesday at 3 pm at Turner chapel Cedar Rapids with burial at Cedar Memorial.
Huntington residents marked the 144th anniversary of poet Walt Whitman's birth in the Long Island community. Whitman died in 1892.
Tuesday estimates show receipts of 3 500 cattle 7 000 hogs and 300 sheep. The butcher hog market held its higher trend with 7 500 head the largest in two weeks and prices steady to 25 cents higher top at 18 25. Slaughter steers were steady to 25 cents higher in moderate activity.
U S D A market summary from Chicago shows hog slaughter 7,500 with steady to firm bids and several price tiers for 190 to 300 pound categories. Cattle slaughter around 12,000 with steers and heifers priced from the high teens to mid twenties, plus a small sheep trade with lambs at 23.50 to 24.00 and ewes up to 23.50.
UPI reports Monday receipts estimated at 65 000 while last week and year ago totals were 69 000 and 79 000 respectively. U.S. 1-3 butchers 200-240 Ibs 16.00-17.00, 240-270 Ibs 15.70-16.90, U.S. 2-3 270-300 Ibs 15.40-16.50. Sows 270-330 Ibs 14.25-15.65, 330-400 Ibs 14.25-15.15, 400-550 lbs 12.75-14.50.
A butcher market report shows No. 2 hogs priced at various weights from 160 pounds to 300 pounds with prices ranging from 13.00 to 16.15 dollars. Sows and lighter hogs are included with several weight bands and per hundredweight quotes.
Prices at the Cedar Rapids hog market Monday were steady with Saturday bids in the 200 to 230 pound range at 15.50 to 16.40 dollars and bulks 1s and 2s at 15.75 to 16.40 delivered at the plant. Packing sows under 300 pounds sold 14.00 to 15.00 dollars, with butchers 10 cents lower per 10 pounds from 230 to 270 and packers 25 cents less per weight group from 270 to 300, 50 cents less over 400. Eggs and grain prices also listed along with an investors’ Q&A column on stock trading and retirement income strategies.
In Chicago the market gains as soybeans rise on a revised government forecast showing year end carryover at 25 million bushels or less, down 10 million from prior, with wheat and corn also advancing while oats and rye hold.
Chicago market rundown lists prices for wheat corn oats and soybeans. No2 yellow corn at 1.2712 dollars per bushel No4 yellow 1.24 and sample grade 1.171 to 1.212. Oats No1 extra heavy white 0.74 and No2 extra heavy white 0.74 plus. Soybeans No2 yellow 2.645 and soybean oil 9n.
Wholesale poultry prices steady to higher with roasters at 25 1 2 to 26 1 2 cents, White Rock fryers 18 2 cents. Butter quotes hold. eggs barely steady to lower with whites at 28 1 4 cents, mediums 23 1 2 cents, dirties 25 1 2 cents. Potatoes show weaker tone with arrivals 230 on track 287, U S shipments Friday 735 Saturday 487 Sunday 13. California long whites 3 40 to 3 75, Alabama round reds 2 50 to 2 60, Arizona round reds 3 25.
Adequate to ample butter demand fair creamery butter with 93 score at 59 cents per pound and 92 score at 58 to 59 cents. Eggs show ample supply with fair demand, extras at 30 to 31 cents, standard eggs 28 to 29 cents, checks 24 to 25 cents.
UCS Coordination and evaluation committee of United Community Service will meet Tuesday at 7 30 p m in the UCS office. Executive committee of the Foreign Trade bureau of the Chamber of Commerce will meet at noon Tuesday in the Roosevelt hotel. Jubilee Lanes local events and bowling ads run throughout.
Classified advertisement note inviting readers to place want ads with a dial telephone number EM 2112 for service.
Thermogas Co of Des Moines reports sales of 20.17 million for the year ending March 31, with net earnings of 1.253 million or 86 cents a share. The prior year yielded 52 cents per share on 8.59 million in sales. Most growth came from acquisitions, and the company has raised its quarterly dividend to 10 cents.
Atkins Mrs. Alex McGregor died in a Cedar Rapids nursing home after a long illness. Born January 7, 1878 in Coventry England she married June 17 1903 in Cedar Rapids. Survived by husband two sons Alex Jr and S Randle both of Atkins five grandchildren two sisters and other relatives. Services at Calvary Baptist Church Wednesday at 1 30 p m burial at Fairfax. Visitation at Turner Chapel Cedar Rapids until 9 p m Tuesday.
Steven Palm age 11 months fell three stories from a window in Reading but landed on an old army cot. He suffered only minor injuries and was reported in good condition.
A Discovery segment features hamsters, guinea pigs, and white mice used in important scientific studies. The program airs Tuesday at 4:30 PM on TV 9.
The Iowa Insurance Department certifies United Fire and Casualty Company of Cedar Rapids as authorized to transact in Iowa until April 1 1964 following a December 31 1962 sworn statement. Total admitted assets 6 774 941 03 Liabilities 3 000 00000 Surplus 1 693 644 38 Des Moines June 1 1963 Commissioner William E Timmons Original Notice No 20033. In Linn County Iowa State vs One 1954 Pontiac Tudor Information for forfeiture under the Uniform Narcotic Drug Act unless claim filed by July 15 1963 Hearing to be held July 1963 Cedar Rapids Iowa Linn County Court House.
Official notice from the Iowa Insurance Department stating Old Security Casualty Insurance Company Kansas City has filed a sworn statement as of December 31 1962. It confirms admitted assets 1 397 282 80 liabilities 901 476 94 capital 250 000 00 and surplus 245 805 86, authorizing continued operation in Iowa until June 1 1963.
Iowa Insurance Commissioner certifies Investors Life Insurance Company of Cedar Rapids is authorized to transact insurance in Iowa through April 1, 1964. The sworn statement dated December 31, 1962 shows total admitted assets 2,791,708.68 and liabilities 2,168,187.48 with capital 350,000.00 and policyholders surplus 603,521.20. Des Moines office is listed.
William E. Timmons, Commissioner of Insurance, certifies that United Life Insurance Co of Iowa is authorized to transact life accident and health insurance in the state. The 1962 financial statement shows total admitted assets 4 979 707.21 and policyholders liabilities 4 000 000.00 with funds and surpluses. The seal and date June 1 1963 are affirmed in Des Moines.
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