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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 12, 1962
Page
1
USDA estimates Wednesday cattle receipts at 12 000 hogs 7 000 and sheep 700. Hog prices eased 25 cents with demand strong in Des Moines bids up to 25 cents. Cattle slaughter steady to strong as steers 1 150-1 250 pounds fetch 25.75-27.00 while cows and bulls show mixed ranges.
Live auction notes show receipts steady with steers bringing 25 cents above and average prices around 24.00 to 24.75 per hundredweight. Heifers fetch similar levels with low to average choice calves around 24.00 to 24.75, reflecting current market demand and supply.
Receipts six load lots and fifty? five head with steady to higher cattle bidding. Most choice steers bring 24.25 to 25.00, good and choice steers 22.50 to 24.25. Most choice heifers 24.00 to 25.00 with two loads at 25.60 for high choice.
Fragmentary OCR shows a table of weights in pounds and prices per unit with numbers like 160-170 and 170-180 and dollar amounts. The text is garbled with many errors, making definite items or entities hard to determine.
Prices on the Cedar Rapids hog market rose a quarter. Monday figures show 200 to 230 lb butchers at 14.75 to 15.65 dollars with some at 15.75, while 1s and 2s averaged 15.25 to 15.65 delivered at the plant. Packing sows 300 lbs and under ranged 13.25 to 14.10 dollars, with heavier hogs discounted by weight groups.
AP reports steady to firm butter wholesale prices with unchanged buying quotes for whites and standards. Live poultry wholesale bids edge lower for some items while roasters and specials show limited gains. Idaho baker price noted at $6.00 per unit.
New York market chatter from AP notes the USDA butter process with liberal demand. Creamery scores range 93 AA 92 A and lower, indicating strong to adequate demand for large sizes and ample supply for small lots. Pricing and standard checks listed with scattered figures.
New York AP reports stocks fell sharply on Monday and failed a recovery attempt. Prices closed at session lows with heavy selling and an estimated 4.5 million shares traded.
The May 1962 stock perspective notes a drop overshadowed by the October 29 debacle. Analysts reference Standard & Poors and Morris Kote as context for the market turmoil and valuation shifts.
In Chicago the market shows demand for rye May wheat and July soybeans driven by short covering and long establishment. Lester Wheat rose 44 1 4 higher while corn fell 4 4, oats 4 14 higher, rye up 1 54 to 2 1 2, soybeans steady to 2 higher.
Chicago prices show no wheat or similar sales. Corn No 2 yellow quoted at 1. a, oats No 2 extra heavy white 69 percent, barley malting choice No 1 98 cents.
An article section notes a two car collision Monday at 4 55 p m on First Avenue bridge injuring Vance and Janice Gregerson. Police report Irene Siekierka 522 First Avenue NW struck Gregersons rear car which hit Gary Untiedt 1205 Eighteenth Street SW. No charges filed.
William D. Tucker's parole on a one year sentence to Fort Madison for family desertion was revoked. He will be sent to prison after release from Linn County jail and is held on a $1,000 bond for lascivious acts and parole violation.
The piece argues that using $10,000 borrowed to buy blue chip Dow stocks could fall to $8,500 or less, highlighting the risk of leveraging for long term goals like college and urging mortgage payoff and steady investing after debt is cleared. It emphasizes prudent risk, delaying stock purchases until financial foundations are solid.
The Cedar Rapids oped notes in Cedar Rapids describe courthouse area plans with a completion date of October 27 and mention Marion and Robins. The speaker warns a grading length of 5.3 miles could create an unbalanced tax situation with no industry and likens it to strip zoning.
Ninety jurors were chosen for the Linn district court July term and ordered to report July 23 at 9 a.m. Judge B. J. Maxwell presiding. The list includes Cedar Rapids residents such as Leonard Andrews and Maud Archibald and many others from Linn, Marion, Lisbon, and surrounding townships. Names span multiple townships and surrounding communities.
Official canvass confirmed the close Republican nomination result for district one. W. J. McClurkin received 2037 votes while Don ald M. Ross had 2034, with Ross undecided on a recount. Suits filed include Long vs Transport Truck and Interstate Finance, and others for loans and attachments. Dismissals list McMurray vs Ettinger over a lease.
A grading contract was awarded to Lowe and Eschman Construction Co. of Marion for grading the road from Cedar Rapids airport west to Highway 149. The bid of 98440.88 exceeded the county engineer's estimate by 6000, with two higher bids from other firms. The contract details accompany the award.
Clark Derhammer, 20, of 1312 Twenty second avenue SW, was injured in a motorcycle car crash on Monday about 5 45 p m. He collided with a car driven by Vera Kelsey of 2323 Upland drive SE on Nineteenth Street SE and Fourth Avenue. Derhammer was treated at St Luke’s hospital and released. Police charged him with failure to have his motorcycle under control.
Hospitalized Mrs. Fred Rickard at Mercy Hospital with visitors allowed. Antique Shop and photo exhibit open at the public library gallery noon to 3 and 7 to 9 weekdays, 9 to noon Saturday until June 23. Theft reports include clothes stolen from Half Hour laundromat and a $27 change theft from DeLane’s laundromat. B.A.R.E. picnic set at Daniels park Sunday, June 17 from 6 to 8 p.m. Left valuables and details on other local notes. A local boy reported missing then found. James McCue elected credit union official. Patricia Garrett, 5, injured at Bever Park. Cub Pack 36 awards given at Van Vechten park picnic. Sister of Lottie Janda, Mrs. Elizabeth Downier, dies in Des Moines. funeral arrangements noted.
Knoxville grain dealer Alex Barbour was convicted of selling government owned corn. IRS District Director Ernest W. Bacon said Barbour’s tax records were accidentally discarded when a janitor swept the file into trash and dumped it at the city dump. Washington awaits Agriculture Department explanation.
Part one of Police men Die Alone on THE NEW BREED airs Tuesday at 7 30 PM on TV 9 detailing Lt Adams facing charges following the death of his detective partner.
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