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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 04, 1965
Page
22
Financial markets finished with firmer tone as stocks held their own late Friday afternoon. Trading volume was about 4.6 million shares, above Thursdays 3.71 million, with steadying after three straight days of declines.
P and F led NYSE turnover as Reynolds Tobacco moved to buy Penick and Ford. About 107,100 shares changed hands with blocks of 33,000 and 26,900 at 21.54, closing at 21.50, same as yesterday.
Activity remains light marking the week as the market sits at a predicted support at a level the index has approached gradually over a four week decline from recent highs.
In Chicago, US hog prices show a steady to 25 cent rise. Hogs mostly range 190 to 270 pounds with top quotes near 23.00 for 1-2 weights and sows down to 18.75. Slaughter steers fall 50 cents. Sheep hold steady.
Friday report shows detailed Dow Jones figures with Industrials utilities rails and major stocks like Allied Chemical Am Cyanamid and Am Tobacco. Livestock prices list prime slaughter calves heifers and lambs with bid ranges at Des Moines and Des Moines futures context through 28.50 per 100 pounds.
Ozark Air Lines posts a net income of 40028 for April, up 58.4 percent from April 1964. Operating revenues reach 2015904, expenses 1898636, with a 23.5 percent revenue increase and 23.1 percent rise in costs. For Jan–Apr 1965, net income is 48456, reversing a loss of 8585 a year earlier.
Cedar Rapids hog market Friday held steady from Thursday, with butcher hogs 200 to 230 pounds at 21.00 to 21.25 dollars. Sows around 300 pounds bid 18.25 to 18.50. Price differentials apply by weight and grade at the plant. Eggs prices noted as A large and B large with various smaller sizes and checks at 13 cents.
Chicago AP reports July soybean futures attracted strong activity with demand driven by speculative buying. Old crop soybeans rose 14 4 to 43 4 cents, corn advanced 3 4 to 4 percent, oats showed mixed gains while rye remained steady to higher as wheat fell 4 to 5 percent.
Grain quotations for Chicago show at market levels with wheat and corn futures. Prices list No 2 hard red winter wheat, No 2 yellow corn, oats and soybeans with approximate figures and marked varieties.
In MAHA area trading cooled with calves slow and steers and heifers holding steady to 25 cents lower. Choice 1 1500 lb steers sold around 27.00 to 27.75 with higher grades near 27.85 to 28.00. Sioux City reports 1200 cattle and 100 calves, trade slow, steers steady, limited heifers.
Utility note shows mixed egg quotes with various grades and weights. Demand steady as price ranges and weight specs appear for eggs. Chicago potato arrivals and track sales report limited by incomplete data with California long whites and Arizona round reds listed in ranges.
Safety Commissioner Frank Bush announced a one way detour on First Avenue E as reconstruction of the viaduct near the Allis Chalmers plant starts. Eastbound traffic remains two lanes. westbound traffic is rerouted via Lindale and Twenty ninth streets with two lanes around the detour.
Peoples Bank and Trust Co. announces Earl Caywood appointed head of the installment loan department and elected assistant vice-president. Caywood has been on the department staff since 1955 and succeeds Leo Ealy. He and his wife reside at 144 Crestridge Drive NW.
Raymond Garrett 62 a retired Sigourney farmer was found dead at his home four miles west on highway 92. Keokuk county medical examiner Dr R Giles Gillett ruled death a self inflicted gunshot wound. The body was found by his son Paul Garrett who lives nearby. Garrett had been in ill health. He was taken to Fremont funeral home.
Marion independent school board on Thursday night approved a pilot program introducing conversational Spanish for fifth graders at Starry school. High School Spanish teacher Mary Jane Fenwick will lead 15 to 20 minute sessions. Superintendent Messerli said it is experimental and may continue or end by supervisory decision.
Bruce Hammond heir to Norman Hammonds will be installed as master councilor of Linn Ehaner DeMolay this Sunday at 6 30 p m Installing officer will be Bill Durow state master councilor of Iowa Other officers include John Thompson Greg Borland Bill Neff Tim Berg Chuck Mullens Monty Leu Bill Ross Doug Borland Dennis Moore Bob Ross Jim Curtis Roy Meir Jim Knudsen Pete Garlinghouse Dan Meir John Fillenworth Mark Dingman Ben Nollsch The event is open to the public no appointment needed.
Adna J. Hoge 76 died at his Whittier home after 55 years as a resident. Born January 31 1889 in What Cheer he married Marie Hall in 1913. Survived by wife a son Carroll Hoge three daughters a brother and several grandchildren. Services 2 p m Sunday at the Whittier Friends Meeting House with visitation at Murdoch chapel in Springville.
A bill to fund 40 to 43 percent of Iowa farm land tax credit claims advanced in the senate with a house amendment. The measure passed 46-0 in the senate after a Thursday vote, increasing annual payments from 11.25 to 15 million dollars. The house added that credits go only to resident owners of Iowa farm lands, while present payments are shared among eligible landowners.
James P. Comried 54 lifelong Linn county resident died Friday morning in Iowa City. Born May 4 1910 in Cedar Rapids he married Bernice Frontress Aug 11 1937. Survived by wife a daughter Thomas son five sisters three brothers and three grandchildren. Services 2 30 p m Sunday Murdoch chapel Center Point with viewing after 1 p m Saturday.
Marion Mayor Ralph W. Potter issues a public apology for Oak Shade cemetery conditions during Memorial Day weekend. He cites downed trees from a recent tornado and ongoing cleanup by city crews and the cemetery board to correct maintenance lapses and improve grounds.
City Manager Pete Crivaro asks Marion residents to avoid sweeping small twigs and debris into streets after rainfall. Debris clogging storm sewers raises concerns as the system struggles to handle the load.
A five man delegation will tour the four story Chamber of Commerce building on May's Island to study its suitability for municipal court use. The review comes as a state reform plan may abolish municipal courts, placing eight judges under associate district court space needs.
A Friday night broadcast on KCRG TV 9 features The Lawman story about saving a small boy from his father. The segment aired at 6 CDT and highlighted the dramatic rescue effort and community response.
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