Market slides after brief recovery on Thursday trading
New York stocks fell again late Thursday as a renewed selling wave wiped out a prior recovery. Heavy volume estimated at 7.2 million shares, with railroads utilities and industrials broadly quoted, led by large cap names including Allied Chem, Am Tel, Boeing, Coca Cola, General Electric, IBM, Procter & Gamble, and Union Carbide.
MENTIONED IN THIS ARTICLE
New York
Francis
DuPont & Co
Second Avenue
F. Juma
Wim
PBS
Geaality Ee
Kelloghee
Alleghany Oi Keenett Allied
Chemar Kimberly-Clark
Lars Allis-Chalmers
Kresge
Kroger
Magnavox
At&t
McDonnell
Am Tobacco
McKesson Aly
Anaconda
Martin-Mariela
Armco
Maytag
Armour
Merck Sz Arm Cork
Miehla-Gass
ATESF
Mini M&a
Atlantic
Monsanto
Briggs
Nor Nat Gas
Budd 16Ve
Nor Pac
Burroughs Save Nor Am
Canada Dryde Oils Elevator
Canad Pac
Cerro de Pasco
Park Davis
Certainteed
Penn-Dixie Valessna
Penna RR
Ches & Chin
Penney
Peps Cola
Pfizer
Chao NW
Phelps Dodge
Chrysler
Phillips Pet
Pluspury
Coca Cola
P Plate Glass
Eats Radio
Polaroid
Procter Eyabie
Colgate
Quaker Oats
RCA Com Sat
Raytheon
Edison
Republic Av
Cons Edison
Republic Steel Cons Foods
Revlon
Rexa i Gant
Reynolds Met
Reynob Conil Oil
Royal Dutch Cra Products
St Joe Lead Corning Glass
Stae Crucible Steel
Schen Artiss
Scott Paver Deere
Searle Disney
Sears Roebuck Douglas
Shell
Dodge Mia
Sheraton Daw Chem
Sinclair Ou Pont Wave Skelly Eastern AL
Socany Mob
Eastman Rod
Sau Pac Eaton
Sau Railway
el Paso
Sperry Rand
Fairchild Stra
Firestone
Ford
Calit
Freeport Sul
St Oil
Ind
Eruehaus
Ava
Gen Dynamics
Studebaker
Sunray Aa
Gen Foods
Swift Gen Mills
Texaco
GM de Tex
Tex Ear
Suiphe A Geneseo
Tex
Getty Oil
Honeywell
Ijt Central
Wilson & Co
Woolworth
Youngstown
Tenn Manville
Zenith
Rein
BSO Life Invest
Cherry Sur
Lane Star Sil Bisteeriton Engle
Mckay Elleyed
Lefebure
Iowa
Mid-Amer
U.S. livestock estimates and hog price gains reported
Friday USDA estimates show 300 cattle 5 000 hogs and 200 sheep expected. Hog trade gains of 50 to 75 cents noted in Chicago and Des Moines markets with demand strong and sow prices up. Cattle and sheep seen steady to higher in various locations, with specific bids listed for common weight ranges and prime lots observed in slaughter trades.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Yowa Hogs Des Moines
UPI
U.S
Cedar Rapids Hog Market Prices Rise on Thursday
Cedar Rapids hog market quotes show a 25 cent gain with bulk 200-230 lb butchers at 21.75 to 22.25 and packing sows 300 lb and under at 19.25 to 19.50. Price adjustments apply for weight and grade. Eggs quoted with small changes and dirties and checks noted.
Debt as a force in solid companies stock choice
The author argues that for well run long established firms debt can be advantageous if borrowed funds earn more than interest costs. In railroads and utilities debt can support growth, though unserviced debt risks bankruptcy and harm to shareholders.
Cuba Hungary sign goods exchange pact in Budapest
Cuba and Hungary signed an agreement in Budapest on a paid exchange of goods for the remainder of the year. The pact aims to facilitate reciprocal trade and stabilize shipments amid economic strains.
MENTIONED IN THIS ARTICLE
Budapest
UPH
Hungary
Cuba
Grain and Soybean Prices Rise Across Commodities
Chicago reports broad gains as demand remains general though light in spots. Soybeans advance about 1 percent to 146 while wheat, corn, oats, and rye rise, indicating a generally rising grain market on Thursday.
MENTIONED IN THIS ARTICLE
Chicago
Chicago cash provisions advance grain prices
Chicago area market quotes show No 2 red wheat at 1.48 and No 2 hard wheat at 1.45 per bushel. Corn No 2 yellow at 1.37 and No 4 yellow down 1.9 percent. No 2 heavy white oats at 0.75. Soybeans No 1 yellow at 2.9494 and soybean oil at 10.00 per unit.
MENTIONED IN THIS ARTICLE
Cretices Bee We
Chicago
Omaha Livestock Cattle Quotes Down Slightly at Omaha Market
Receipts 2,000 cattle and 25 calves at Omaha. Slaughter steers and heifers showed weakness of about 25 cents. Choice steers traded around 26.11 to 26.50 per cwt with scattered loads of high quality heifers and loads showing mostly high choice prices around 76.00 per cwt.
MENTIONED IN THIS ARTICLE
Omaha
UPI
Sioux City Livestock Receipts Slow Trade
UPI cattle report from Sioux City shows receipts around 2500 with no calves. Slaughter steers and heifers steady to weak while choice steers bring 26.00 to 27.00 with high end at 27.25 per cwt. Choice heifers bring about 24.00 to 25.00.
MENTIONED IN THIS ARTICLE
Sioux City
UPI
Chicago Market Update on Potatoes and Carrots
AP report notes 70 arrivals and 18 on track with 757 total U.S. shipments. Demand and supplies are moderate and market steady with a firmer tone for top stock. California long whites and carrot sales highlighted. old supplies limited.
MENTIONED IN THIS ARTICLE
Chicago
U.S
California
New York Produce Roundup Eggs and Butter Prices
AP USDA notes ample supply of large and medium eggs with improved demand for large, irregular for medium, light for small. Whites and yolks priced with specific ranges, butter with ample supply and steady demand and unchanged prices.
MENTIONED IN THIS ARTICLE
New York
USDA
Computer lands BEA jet on Paris flight
A British European Airways jet from Paris completed the world's first wholly automatic landing on a scheduled service with 88 passengers aboard. The automatic pilot took control after alignment with the runway and achieved a flawless touchdown while passengers remained unaware.
MENTIONED IN THIS ARTICLE
London
British European Airways
Paris
C R Man Faces Assault Charge
William Elam age 30 of 1727 Fourteenth Avenue SE bound over to Linn grand jury on assault with intent to inflict great bodily injury. Accused of acting on a 16 year old girl at his home May 23 and remains free on own recognizance.
MENTIONED IN THIS ARTICLE
William Elam
Fourteenth Avenue SE
Linn Grand Jury
Elam
Tipton Couple Sues for 52500 After Accident
Wanda Foster and Paul Foster Jr file suit in Linn County District Court seeking 52500 for injuries and damages from a November traffic crash four miles east of Cedar Rapids on highway 30. The defendants include John B. Evans as acting administrator for the estate of Ryan Dyk, 66, and Jennie Dyk, 63, who were killed. Foster alleges multiple fractures a neck injury and long term hoarseness preventing singing.
MENTIONED IN THIS ARTICLE
Tipton
Linn
Wanda Foster
Paul Foster, Jr
John B. Evans
Ryan Dyk
Dyk
Jennie
Platt, I.D
Foster
Cedar Rapids
Paving Project Appeal Filed by Macek Couple
Cedar Rapids couple Matt and Mary Macek filed in Linn district court to set aside a city paving project claiming the council acted illegally. They challenge a resolution of necessity for First Street SW and oppose a $4 263 09 assessment as their share. The council passed the resolution March 25 1964 and January 3 overruled objections.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Linn District Court
Matt
Mary M. Macek
First Street
Twenty-fourth Avenue
Allview Drive
Maceks
Parole Revoked For Sharon Kruger In Larceny Cases
The parole of Sharon Rae Kruger 25 of 606 Fourth Avenue SE was revoked by Judge Charles Penningroth. She must serve two concurrent 10 year sentences for larceny in the nighttime at the Rockwell City women's reformatory. Sentences dated December 5 1963 stemmed from stealing cigarettes from Cedar Rapids supermarkets. Parole revocation was recommended by Parole Agent Harold Cerveney. A separate item notes a film strip projector valued at 270 dollars reported stolen from College Community School Thursday.
MENTIONED IN THIS ARTICLE
Sharon Rae Kruger
Fourth Avenue SE
Charles Penningroth
Gas Pumps Damaged At Two Service Stations
A gasoline pump at Lloyd's Shell Service on Highway 30 and Bowling Street SW sustained 300 dollars in damage after a vehicle backed into it. Employees said the pump was jarred loose from its foundation. Damaged pumps also reported at Gonterman Standard Service on First Avenue NW where four pump fronts were shattered Tuesday night.
MENTIONED IN THIS ARTICLE
Lloyd's Shell Service
Highway 30
Bowling Street
Gonterman Standard Service
First Avenue NW
Employes
Rugged Day For 18-Year-Old Bible Salesman Mistaken for Suspect
A Denver Bible salesman, 18, was briefly stopped twice in Cedar Rapids while police pursued a lead linking him to Duane Pope, the 22-year-old Nebraska banker killer. The man was cleared when he proved he was not Pope, though police continued to check each report as FBI bulletins placed Pope in Texas area.
MENTIONED IN THIS ARTICLE
Denver
Cedar Rapids
Kansas College
Nebraska
Duane Pope
Pope
Ithe Bever Park
Hiawatha
Neil Willia
Willia
Fifth Avenue
Ervin James Furne
Furne
Center Point Road
John Kuba
FBI
Texas
Wichita
Kuba
Bever Park
India authorizes oil stock seizures to curb hoarding
New Delhi officials announced power to seize stocks of all oil refineries and distributors in India to prevent shortages. Seizures will be limited and firms compensated at fixed petroleum prices, with Esso Standard Eastern Inc. among affected foreign firms.
MENTIONED IN THIS ARTICLE
New Delhi
India
Esso Standard Eastern, Inc
U.S
Ike Finds U S Space Spending Too High
Former President Eisenhower said he is displeased with the U S space program despite Gemini flight success and that too much money is being spent. He noted he cannot influence taxes and added he does not believe in stunts regarding a future moon trip.
MENTIONED IN THIS ARTICLE
Cleveland
Eisenhower
U.S
Kansas Flood Surge Recalls 1951 Disaster
Centra l eastern Kansas towns evacuated as Cottonwood Neosho floods rise toward record 1951 heights. Sheriff Towle warns lowlands west of Emporia to move out. Thea Themer recalls 1951 rescue. Storms lash Panhandle Texas to Nebraska and nearby Kansas towns with tornadoes and lightning deaths reported.
MENTIONED IN THIS ARTICLE
Kansas
Kansas City
Kan
Wichita
Missouri
Emporia
Thea Themer
Francis Towle
Weather Bureau
Pierson
Florists
Ellis Blyd
Ady
Being practical is not always the answer on MY THREE SONS
The prompt notes a TV listing for My Three Sons airing Thursday night at 7 30 CDT on Channel 9. It highlights a practical approach as not always the solution in a humorous context.
MENTIONED IN THIS ARTICLE
Channel 9
Floods Drench Hungary and Czechoslovakia on Thursday
Budapest radio reports say the Danube river floods inundated thousands of acres across Hungary and Czechoslovakia threatening crops and homes. Authorities warn of further rising water and prompt evacuations.
MENTIONED IN THIS ARTICLE
Vienna
Danube
Hungary
Czechoslovakia
Budapest
Get Set Center opens at Merchants Bank Cedar Rapids
Merchants National Bank of Cedar Rapids announces a new department focused on young adults. The Get Set Center will be in the Merchants Motor Bank building with William F. Womacka as manager and James Colbert and Bruce Farris assigned to staff. President John T. Hamilton II cites unique financing needs of young married couples.
MENTIONED IN THIS ARTICLE
Merchants National Bank of
Cedar Rapids
John T. Hamilton II
Merchants Motor Bank
Second Avenue
Third Street
William F. Womacka
James Colbert
Bruce Farris
Hamilton
Legislative Session Ends in Iowa History
Iowa's 1965 legislative session ended after 145 days with House Speaker Vince Steffen and Lt. Gov. Robert Fulton striking the final gavels at 12:02 p.m. in separate chambers. The closing minute was timed to 5 p.m. last Friday, and only a handful of legislators remained to finish formalities.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Vince Steffen
New Hampton
Robert Fulton
House
Senate
Woolworth Manager Honored for 25 Years Service
Fered C. C. Makowski manager of the downtown Woolworth store in Cedar Rapids received a scroll and Woolworth stock gift at Ellis Park picnic for 25 years with the company. The event, attended by about 100 employees and friends, included his wife and two children as guests.
MENTIONED IN THIS ARTICLE
C. C. Makowski
F. W. Woolworth
Cedar Rapids
Ellis Park
Makowski
Elmwood Drive
Woolworth
W. O. Wicks
Des Moines
Patricia
Michael
Also Mentioned on This Page
Lamson Brothers
A. G. Hoelzen
Merchants National Bank
DOW Jones
Duly
Gts A Sa
Jfflaren
RYE
Duly Vba
TS Wrung
Fats
Hata
Chicago Livestock
C. R. Markets
Investors’ Guide
Sam Shulsky
Taber
U.S. Lab
Dept
Marie Kate
Omaha Livestock
C.R. Man
C.R
Landis Large Loan Plan, Inc
Elton C
Shirley A. Thornton
College Community School
Morris
Penick & Ford
Penick and Ford
Reynolds Tobacco Company
Securities Corporation of Iowa
Russell F. Knaap
Pres. & Treas
Frank Filip
J.P
Clyde R. Sanborn
Dorothy Hovey
Sec’v
Frank Kouba
Belle Plaine
Ike
Standard & Poor's
Stok Lumiary
S&p
T. C. Henderson
New York Stock Exchange
St. SE
Lows
Eastern
REC
Marion
Fifield Opticians
Elks Club
Richard Steinger
Woodward State Hospital
C. B. Vermnon
Marion Schools
Russia
Embassy Club
Dial
Rodney D. ‘Winder
Sixth Street
Evans
Sokol Assn
Charles Kriz
Thomas Lee Raymond
Crestwood Drive
Continental Cleaners
Third Street SE
Nelson Jewelers
Panhandle Plains
North Platte
Neb
Oberlin
Coldwater
Stover
Cheyenne
Wyo
Palm Beach
Fla
Pecos
Kerry G. Dills
Mt. Verdon Road SE
Ira Larson
Linn County
Spirit Lake
State Department of Public Instruction
iNew Department
Merchants Bank
R. J. Reynolds Tobacco Company
Penick & Ford, Ltd. Incorporated
Penick & Ford, Ltd
Goldman, Sachs & Co
Philadelphia
Bostom
Baltimore
Los Angeles
Buffalo
Betroit
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