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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 06, 1967
Page
4
Stocks on Tuesday regained about two thirds of Monday's drop as traders stayed active and gainers outpaced losers five to one. Bulls cited cease-fire reports and Israeli successes boosting confidence, with notable moves in Xerox IBM Polaroid and General Motors among others.
Meaty reports from Chicago and Des Moines note slow trade with few sales and steady beef values. Prices listed include beef in the 600-800 pound range at 41.00 and 800-900 pound cattle at 40.50, reflecting cautious markets in a quiet Monday trading slate.
Chicago AP reports butcher hogs steady to 25 cents lower, with declines strongest under 230 pounds. Slaughter cattle and calves steady. steers high, 26.00 to 26.75 for 1,100 to 1,350 pounds. Sheep mixed, spring lambs 90 to 100 pounds at 28 to 29.00. Des Moines conditions show demand good, sows steady to higher, U.S. price ranges listed for various weights.
UPI reports Omaha cattle market activity with about 8,000 head of cattle and 10,000 calves. Steers and heifers mostly steady, cows steady. prime and choice cattle priced around 25.50 to 25.75 per hundredweight, with other grades ranging mid 20s. Grain prices cited for feed and market conditions.
Sioux City livestock report from AP USDA notes cattle market activity with 5,000 head yarded and varied pricing for cattle including steers heifers and feeders. Details are partially garbled but indicate price signals and balance between supply and demand in the region.
Prices paid Monday for hogs and related livestock ranged with country and plant delivered butchers at 22.25 to 22.50 for 200 to 230 pounds, packing sows 18.75 to 19.90, and various declines per weight tier for heavier animals. Also listed were prime and choice cattle, utility cows, bulls, sheep, wool, eggs, and delivered poultry prices across the market.
New York market shows eggs light for large, ample for mediums and smalls with irregular demand. Live poultry prices steady with roaster demand unchanged. Butter and cheese prices steady. wholesale egg buying prices also steady with Grade A whites at 25 and mixed mediums at 21. Potatoes arrivals total 401 shipments, old supplies light, market about steady. California long whites 3.15 to 3.25, Arizona 3.70. Alabama round pricing noted.
In Chicago trading, all grain fell with wheat opening strong then weakening under liquidation. Corn showed morning firmness but declined later, with oats rye and soybeans also dropping. Wheat closed 1 3/4 to 2 1/2% down, corn 1% to 2% lower, oats and rye 0% to 1% lower, soybeans 2% to 2% lower.
Chicago cash grain report lists values for No 2 hard red winter wheats and soybeans with nearby contracts showing low quotes for oats and yellow soybeans at 10.37 per bushel in a sparse AP market brief.
Cedar Rapids city council voted to extend the demolition contract with General Excavation Co of Sioux Falls for one year from July 1, 1967 to July 1, 1968 at a cost of 154000. Delays in relocation and property acquisitions slowed progress, with 55 percent of structures demolished.
A compendium of neighborhood items notes a Board of Directors meeting in the Palmer room Friday at 12 30 p m plus a Chinchilla Breeders election of officers in Marion Saturday at 7 30 p m. Other items mention a chemistry award for Kenneth B Godsey at Ohio Wesleyan, a Cedar Rapids funeral notice, and local police activity summaries. Includes ads for Chore services, Green Thumb Nurseries, and Evans muscle toning, with notes on school superintendent Ira Larson’s workshop participation and a used car wash promotion.
Collins Radio Co. announces a quarterly cash dividend increase from 15 to 20 cents per share payable July 17 1967 to stockholders of record June 26 1967. The board defers action on the redemption of $12 million of 4 percent convertible subordinate debentures due 1980. Debentures traded on the NYSE Monday in a 155 to 159 range. full conversion would issue 216 645 additional shares.
DES MOINES Iowa liquor commission officials require liquor license holders to pay taxes immediately when due. Chairman Homer Adcock warned that any of the 2800 licensees who miss the 10 percent tax on time will forfeit part of the $5000 bond. The commission will tighten tax-collecting procedures.
Four auto accidents Monday left four people injured. Jimmy Bean 12 of 1113 Thir teenth avenue SW admitted to Mercy hospital with a fractured right leg and skull injuries after being struck at Tenth street and Fifth avenue SE. Witnesses said he darted in front of a southbound car driven by Dennis Hertle 24 of 328 Nineteenth avenue SW. No charges filed. Leland Gustafson 31 of 1735 Meadowdale drive NW suffered whiplash when his eastbound car was rear collided by Lyle Offerman 28 of 322 Fourteenth avenue SE in the 800 block of Sixteenth avenue SW. Dennis Boudreau 14 of 1939 Bever avenue SE had a scalp laceration when the car he rode struck a light pole. Gary Steger 15 of Hiawatha, high-speed east into Franklin avenue from Prairie drive NE, lost control and struck the pole. Steger charged with reckless driving and no Iowa driver's license. owner John D. Smith 810 Sixth avenue SE charged with permitting an unauthorized person to drive. Beth Schappert 27 of 504 Ninth street SW, a cab driver, whiplash after rear impact at Sixteenth avenue and Twentieth street SW. Edward Scolaro 66 of 1622 A avenue NW charged with failure to have vehicle under control.
In Jakarta former President Sukarno marked his 66th birthday in constrained retirement, a diminished figure from his peak years, as reports note his status under ongoing restraint.
Classified want ad requests fast disposal of unused spaces. Contact number 36912-34 provided for inquiries and arranging pickup or sale. Potential buyers urged to respond promptly.
Nissen Corp of Cedar Rapids reports fifth straight year of higher sales and earnings. For the year ended March 31 net sales reach 4,470,635 up 23 percent from last year, earnings total 416,081 up 20 percent and 1.16 per share. After tax earnings are 9.3 percent of sales. The Cedar Rapids plant addition aided efficiency. one acquisition is under consideration. A June 21 stockholders meeting at 10 a.m. in the plant gym will be followed by a product demonstration by sports figures Doris Brause, Ron Munn, Edith Cole, George Hery, and Gary Erwin.
Des Moines Iowa supporters pushed through a bill raising pension deductions for about 90000 public employees effective January 1 196? The measure moves IPERS contributions to the first 6600 of annual salary. most state workers earn less. If the senate rejects the 6600 ceiling a conference committee may seek a compromise between 6600 and 10000.
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