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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 08, 1965
Page
14
The stock market posted a steep loss late Tuesday afternoon amid dull trading. Volume was about 44 million shares, far above Monday’s 4.69 million, as Dow Jones averages and Chicago grain quotations shaped the session.
USDA and AP reports show Wednesday cattle and hog receipts in Chicago and Sioux City with hogs 50 to 78 cents higher Tuesday. Slaughter steers steady, sheep steady. cattle receipts large, trade slow in Omaha. Prices list various weight ranges for hogs, sows, steers, and heifers across markets.
City Manager Carsten Leikvold announced a tentative total budget of 3 183 052 with tax levy around 1 286 330. He noted a re evaluation lifting assessed value to 46 800 000, pushing the mill levy down from about 35.5 to 27 mills and invited the public to a Friday budget hearing at 7 30 p.m.
Kathee Ann Bertram, 17, of 421 Fourteenth Street SE, pled guilty to shoplifting at Eagle Food Center on Mt. Vernon Road SE. A 30 day jail term was suspended by Municipal Judge Howard McLaughlin after the offense involved a can of wax and a floor marker.
Tuesday hog prices held steady from Monday with bulk 200 to 230 lb butchers at 20.50 to 20.75 dollars and 300 lb down packing sows at 18.75 to 19.00 dollars. Egg and dairy notes from New York show ample large eggs with various grade prices, and butter demand remains good with creamery prices ranging around AA to B grades.
In Chicago trading soybeans slipped as traders shifted to the selling side. Prices closed largely unchanged to about 1% lower per bushel with wheat up to 4 and corn and oats down modestly amid profit-taking.
Chicago sections show wheat corn soybeans and oats prices with No 2 red at 1 44 and No 2 yellow at 1 37. Des Moines UPIs notes demand steady for butchers and sows with Tuesday receipts around 60000 and week ago 84000. Hog paring prices listed across weight classes for U S 1 3 butchers and sows in various ranges.
AP report shows live poultry prices unchanged with white rock fryers at 20 to 21 cents and roasters 25 to 27 cents. Potatoes show arrivals at 88 with total U S shipments 458. demand for long whites steady, round reds in good demand, market west steady and south firmer. Carrot track notes California round reds at 8.00 and Alabama at 7.50 to 7.65 with old supplies limited to quote.
Thirty three U S jets hit the Vinh supply depot in North Vietnam as heavy fighting continues south of Hanoi. A U S fighter bomber was shot down and rescued, while Marine patrols kill multiple Viet Cong near Da Nang and Chu Lai. Australian troops join Bien Hoa with U S paratroops, as roads and railways face continued disruption.
City briefs note the Natural Foods Associates meeting at the YMCA Thursday at 7 30 p m and the Sunshine Mission Board meeting in the Palmer room Friday at 12 30 p m. A Hi Opti steak fry and pot luck is set for Wednesday at 6 30 p m in the park. A radio theft report from Jefferson High School and car vandalism in the 700 block of Eighth Street SE are recorded along with a death notice for Reid L Parks in Tucson. A Cedar Rapids Coin Club meeting is announced at the phrase hotel with Dr R Grimm as adviser. Woodward State Hospital tour details are provided by SCARC with reservations due by June 11.
The Iowa supreme court reversed Cedar Rapids Municipal Court Judge Loren Hullinger Jr’s 1964 ruling in Charles F. Dulin v. Washington National Insurance Co. Dulin sought 1750 for group insurance sales commissions. the judge awarded 850.33 less than the amount requested. The high court’s decision overturns Hullinger’s verdict.
Judge Clair e Hamilton in Johnson county district court overruled a motion for a new trial in a city condemnation appeal. The defendants led by Lyle B. Jones and Jones Thomas Inc had been awarded $6,250. a sheriff’s jury had awarded $9,700. The judge noted the city appealed from that award.
Myrtle Josephine Bowen, 64, of Pacoima California was killed in a two car collision as officials granted Tennessee Co. a permit to erect a dry fertilizer plant on two acres at South Pine and Railroad streets in West Union. Construction to begin this summer.
The Midwest Weather program airs at 6 2 CDT on KCRG detailing tonight's conditions. Storms or precipitation may be discussed alongside regional forecasts and timing. Viewers are advised to tune in for updates.
Santo Domingo AP The Dominican rebels appoint a six man peace negotiating team headed by Col. Francisco Caamano Deno signaling easing of opposition to a political settlement. The OAS mediating group continues talks with local leaders as speculation grows about a potential third force in a government not tied to either faction.
Iowa Illinois Gas and Electric Co filed with the state commerce commission in Des Moines to erect a 60 mile segment of a 345000 volt transmission line as part of a 520 mile route from St. Louis to Minneapolis. The Hills substation to Johnson Linn Benton and Buchanan counties segment costs about 6 million dollars and other utilities share the remaining construction.
KAKANJ Yugoslavia AP reports the mine disaster toll likely to reach 114 with most victims feared in Yugoslavia s worst mining disaster since World War II. Dr Muriz Osmanagic cautions the number may rise as rescue teams inspect the Crass shaft, blown by a methane gas explosion Monday.
William K. Maas 18 of Iowa City has enlisted in the airborne infantry and is sent to Fort Leonard Wood Missouri for basic training. Reported home on leave were Seaman Richard L. Haver of Williamsburg for 15 days en route from Mare Island California to San Diego for fire control and radar school before joining the destroyer Lofberg crew. Airman Don Wiebold of Marion for 20 days from Mountain Home Idaho. Pfc Terral R. Ford of 4441 Midway Drive NW for 19 days from Fort Leonard Wood Missouri. He expects overseas deployment in July.
The World Bank is the International Bank for Reconstruction and Development, with 102 member governments and offices in Washington New York London and Paris. It issues bonds to fund reconstruction and development. yields range from about 4 to 4 1/2 percent, traded publicly but within a narrow band. For a 36 year old with two children and $4000, the best use is saving in a bank until emergency funds equal three to six months of salary before pursuing securities investments.
Dallas AP reports Billie Sol Estes, accused of defrauding loan companies of millions, will undergo a second trial after the Texas Supreme Court reversed his conviction on grounds that the earlier trial was unfair due to televised proceedings.
The Cedar Rapids school board officially canvassed the vote totals. The $4.2 million bond passed 10 373 to 3 980 and last week’s proposition to use 160 000 in accumulated funds passed 10 003 to 3 679. Total votes were 14 943.
Bids will be opened July 12 for a new 150000 dollar Monona sewage treatment plant with some federal funds likely to be used for the project.
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