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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 05, 1969
Page
6
The New York Stock Exchange saw a near balance of advances and declines as trading picked up. A 463,000 share block of Goodyear traded at 30 per share amid institutional activity while overall market sentiment remained cautious due to doubts about U.S. troops in Vietnam and ongoing money tightness.
Washington AP reports sixty seven House members introduced a resolution calling for exploratory steps toward an Atlantic union of Western nations. The measure aims to examine political and economic coordination among allied states amid postwar tensions and growing transatlantic cooperation.
NY York Produce News notes steady wholesale egg prices with small variations while butter remains ample. Totals show 580 shipments with moderate demand and a market range across California and New York items.
The Japan Helmets Manufacturers Assn reports 5.5 million helmets sold in 1968. It attributes the rise to student demonstrators, who presumably bought helmets amid frequent clashes with helmeted police.
CHICAGO AP reports hogs were steady to 25 cents higher while slaughter steers also held steady. Spring slaughter lambs showed no change as market estimates remained in place.
Chicago livestock prices show hogs at 2,500 head with steady to higher bids. 200-225 lb butchers fetch 26.75 to 27.00, while 195-235 lb grades bring 25.75 to 26.25 and larger 240-280 lb sell for 24.00 to 24.75. Cattle include 990-1250 lb slaughter steers at 34.00-34.50 yield grades 2 to 4, Holstein around 31.25, and cows 21.50-23.25. bulls 24.50-27.00. Sheep offerings limited with spring lambs noted.
Sioux City market notes cattle at 1200 head with calves absent. Slaughter cattle and heifers sold mostly high with loads around Martinez Weice 3425 3480. Choice 1050 pound slaughter heifers 32.50 to 34.00, three loads at 34.00.
Omaha market report shows calves at 10 remaining, slaughter steer supply tight yet scattered sales occur. Prices noted around 350.34 to 350.05, cannery and cotter grades near 1 to 23 dollars, with occasional 1.50 figures.
Cedar Rapids hog market held steady with Wednesday prices for 200 to 230 lb butchers at 24.25 to 24.50. Packing sows 300 lb and lighter ranged 21.75 to 22.00. Butchers and packers faced weight-based deductions up to 75 cents per 10 to 100 pounds as weights rose.
UPI reports Globe Appliance Co Inc files a $12,407 suit against two construction firms for damages connected to the sinking of the destroyer Frank E Evans. Chief Gunner’s mate Lawrence Reilly says a son was lost when water entered through a hole in the roof during the incident at Clark Air Base Philippines.
City briefs report speaking engagement at Embassy club for High Twelve member Charles W. Christensen of the Antique Car club. Linn district court suit names Zodac Construction and T and K Roofing over flood damage and business losses. Local ads note sales, enrollments, and public notices amid weathered clerical copy.
Reports of hail in parts of the Midwest and Southwest spurred buying in the corn and wheat futures market. At closing, wheat added mixed gains, corn fell, oats held steady, rye rose, and soybeans advanced, with July quotations: wheat 1.31, corn 1.29 1/2, oats 62 1/2, rye 1.19, soybeans 2.66.
A garbled OCR fragment describes various colors and prices, mentioning yellow items and numbers such as 7.90, with unclear context and no cohesive event or entities identifiable.
John P. Niggeling, 19, of 1436 Ninth Street, Marion, had a narcotics possession case dismissed in Linn District Court on motion by the county attorney. Judge Harold Vietor ruled there was insufficient evidence to prove guilt beyond a reasonable doubt and noted the defendant’s induction into the armed forces. Niggeling had been bound over to the grand jury after a Cedar Rapids raid on a rooming house at 110 Sixteenth Street NE on March 15.
Phillip Lee Booth Bedell of Palo received an eight month suspended jail term after changing his plea to guilty to breaking and entering. Judge J Paul Naughton accepted the plea in Linn district court. A July 1968 indictment charged him with breaking into Dufoe Hardware in Center Point in January 1968. He said his true name is Bedell and denied the charge last July.
Judgment entries include Linn Jones FS Services versus Albert Paulsen for 224.99, Ac count against Dorothy Nikodem for 159.98, Avco Finance Co of Cedar Rapids versus Lester L Jones and Marion I Jones for 984, and dismissal with prejudice Paul McNall versus Lemuel Walls for 6862.64 in auto accident damages.
General Mills officials report fiscal year ending May 25 sales about 18 percent higher than the prior year, with total about $885 million and net earnings from operations near $36.25 million. Pre tax earnings around $76 million and earnings per share near $1.77. An extraordinary gain of about $1.2 million or six cents a share is expected from divestiture reserves. The firm recently broke ground for a new Cedar Rapids plant.
Cub Scouts Pack 9 members received awards on May 29 at Erskine School. Recipients include Jeff Brown Bruce Crawford Dale Grendler Jeff Cassens Chase Loupee Todd Settle Bobby Lorenz Jeff Melsha Kevin Cronin Richard Alderman Mark Weems Tom Meyer John Lieberman Danny Melsha Scott Galway Scott Lawrence Jay Ondler Kent Knepper Dick Wheeler Doug Nemmers Shawn Leahy Jeff Sindelar Eric Munson Mark Huff Greg Capps Brian Shean Paul Witte Bryan Raps Jeff Shonkwiler Craig Erickson Jeff Etienne and Billy Wheeler.
In London the Trades Union Congress representing nine million workers overwhelmingly rejected the Labor government plan to curb wildcat strikes. Delegates voted to establish their own system to discipline labor relations, accusing the government of trampling union rights to strike.
Des Moines Iowa United Press International Cedar Rapids Mayor Frank Bosh is the only person under consideration for the new state director of urban affairs. Governor Ray met with Bosh but no decision was made on whether he will accept. Ray said there is no one else under consideration though others may be interested. The legislature created the urban affairs agency as an arm of planning and programming.
The Flying Nun airs at 6 30 PM Thursday on KCRG TV Channel 9 in color as it meddles in casino business plots.
Hundreds of students on strike marched through Coimbra Portugal, covering soldiers, police cars, storefronts and bystanders with flowers in a peaceful demonstration referencing protests and authority.
A brief want ad promotes renting a garage quickly and at low cost. It provides the contact number 369-1234 for those seeking space. The note emphasizes ease and affordable terms.
Des Moines AP reports Iowa Power and Light Co. and Iowa Illinois Gas and Electric Co. presidents said merger is under active consideration as an alternative to a holding company plan. The firms had signed a memorandum to form a holding company with stock exchanges but other Iowa utilities opted out of participating.
The clearing house reports May 1969 commercial debits over $1 billion totaling 269,993,253 with April 1969 at 2,726,464 and year to date 1,305,609,021. May 1968 debits were 259,746,184 and year to date 1,243,965,534. Time and savings debits for May 1969 were 2,580,110, with April at 2,726,464 and year to date 16,219,802. May 1968 had 2,199,802 and year to date 16,668,304.
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