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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 07, 1965
Page
12
New York stocks weathered a sharp downturn late Monday with moderate trading volume around 4.9 million shares. Leading issues posted fractional losses to about two points as some rebounded from noon lows. Reports include livestock prices from Chicago and Des Moines, with USDA data and Omaha cattle receipts noted.
Youth Council to meet Wednesday at 7 30 in Merchants National bank. New Ambassador Cocktail Lounge offers nightly dancing and welcomes ladies open from 1 PM. Kenneth Reid of the Cedar Rapids Social Security office speaks at Embassy Club and Kiwanis meeting features Dr. Carl Aschoff on Medi care. Parkhoppers potluck at Jones Park and Campers and Hikers hold a supper at Thomas Park pavilion. Neil R Glass fined for minor beer possession. Breakin at National Oats Co reported with four cans stolen.
The city council meets at 7 30 tonight in city hall to hear plans for street improvement project No 1 an asphalt resurfacing on South Eleventh street from First to Ninth avenues bids will be received and contracts set after the hearing. Also second reading of an ordinance removing Brockman avenue west of Tenth and first reading of a 15 mph limit on Fairview drive from South Eleventh west.
Chicago reports Tuesday receipts include 2 500 cattle 500 hogs and 300 sheep. The butcher hog market climbed another 25 to 50 cents per hundredweight to its highest level in nearly seven years while slaughter steer trade remained slow at steady prices with choice cattle at 27 to 29 dollars and some prime at 30 50.
Wilson & Co reports six month net earnings of 4 745 762 or 51 89 a share for the period ended May, compared with 5 649 223 or 2 30 a share a year earlier. Domestic sales for the first half of fiscal 1965 total 3386 056 419, up six percent from last year. Roscoe G Haynie, president, says earnings are down vs last year but favorable vs prior years and all major food divisions were profitable. A strike at four Wilson Athletic Goods plants may modestly affect that division. Merle Nolte, 22, of Coun Kee, died in a motorcycle crash here Saturday night.
Chicago AP report shows Soybeans up 4 cents to 144, wheat gains 4 to 44 cents, corn up to 4 cents lower to 4 higher, oats up 1 to 1 1/2, rye down 4 to 7 percent.
A brief AP wire update lists Chicago cash grain quotes with No 2 hard wheat at 1 per bushel, No 2 red at 1, corn No 2 yellow around 1.37, jammy grade yellow at 1.44, oats No 2 heavy white at 75 cents, soybeans No 1 yellow at 2.99, and soybean oil at 10.48.
AP USDA cattle market report from Sioux City shows steady to slow bids with steer weights around 1,001 to 1,300 pounds trading near 26.00 to 26.75 per hundredweight. Heifers weighing about 741 to 1,000 pounds sold steady to lower with prices about 25.75 to 26.75 per hundredweight.
AP dispatch notes wholesale poultry prices unchanged to slightly lower with White Rock fryers at 20 to 21 cents. Potatoes arrivals totals and market strength described with U.S. shipments by day, moderate new supplies and good demand. Regional carlot quotes list California and Arizona round reds and long whites with specific price figures.
AP USDA price notes for butter show spotty demand with Creamery 93 score AA and other grades. Eggs are fully ample with standards at 20 cents and checks around 20 2/3 cents. whites show varied fancy weights and smalls at differing cents per pound.
Washington AP reports many southern and border districts submitted full 12 grade desegregation plans this fall to secure federal aid. Of 114 approved plans in the task state region, 88 require total desegregation by this fall. Federal guidelines push full desegregation by 1987 under Title VI.
Seoul and the United States signed an agreement under which the South Korean army will receive Nike ground to air missiles. The pact aims to bolster Seoul defense with U S supplied missiles and marks ongoing alignment between Washington and Seoul on security equipment.
Report notes burglars took 3000 dollars in silver from a church in a daytime break in. A separate congressional hearing in Washington discussed silver shortages and national security risks with John M. Kelly of the Interior Department leading testimony on production potential.
A reader asks if he should hold after a 25 share life insurance stock dropped from 214 to 46, with tuition looming, and an adviser notes the bid at 40, warning that stock investments are not a guaranteed savings plan and citing prior volatility and high costs.
Thomas Eiseman, 22, a Coe College student from Skokie Illinois, paid 50 dollars and costs after a reckless driving charge. He also faced a 10 dollar fine for violating safety standards after police chased him for speeding a motorcycle through an alley between 1400 and 1900 blocks of First and Second Avenues SE on Saturday.
Both KCRG broadcast outlets switch to Central Daylight Time with simultaneous airing of programs and schedules. The move aligns programming across channels for better audience synchronization and regional timing.
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