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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 15, 1965
Page
10
Prices fell overall in a volatile day with heavy early trading and 8.1 million shares by close. First hour volume reached 2.06 million, the heaviest in 28 years, as the AP average slid while optimism from Johnson and Fowler helped trim losses.
A compact market note lists No 1 wool age and No 2 wool tee, with eggs and small prices. It mentions large and small lots, with dirties and checks noted in the day’s listings.
Chicago AP reports USDA estimates receipts for Wednesday include 9 000 cattle and 5 000 hogs with mixed hog prices up to 75 cents. Slaughter cattle steady to strong, sheep steady, with quoted weights and prices for hogs and cattle across multiple weight classes. Des Moines demand steady, hogs and sows firming modestly. Sioux City sales show slow but steady slaughter cattle and steady heifer prices with select loads noted.
Receipts at Omaha reach 9 500 cattle with 100 calves. Trade on slaughter steers very slow and market not fully established. scattered sales weak. Heifers steady with choice steers trading around 25.75 to 26.50 dollars and three year old choice heifers at 25.75 to 26.00 dollars.
Cedar Rapids hog market saw steady prices Tuesday with Monday bids for bulk 200 to 230 lb butchers at 23.00 to 28.25 dollars. 300 lb packing sows bid 19.75 to 20.25 dollars. Quotes based on grade and plant delivery with weight-based reductions for butchers and packers across weight groups.
Detectives report burglars entered Carl's Parkway tavern at 621 Center Point Road NE Marengo through the front door. They stole $114.61 from two unlocked cash registers during a Tuesday break in.
Chicago ap reports soybean futures firm at times amid dull dealings. Prices ended modestly higher as soybean meal improved demand, with soybeans up 1 to 14 cents per bushel while wheat fell 4 to 14 cents and corn and oats showing mixed moves.
AP notes Chicago market prices for grain and beans led by Wheat with No 2 hard at 1.47n and No 2 red at 1.44n, Corn No 2 yellow at 1.0? and Soybeans No 2 yellow at 2.93 with soybean oil at 0.982m. Oats No 2 heavy white missing clear value.
AP reports wholesale poultry prices steady with small declines for roasters and White Rock fryers. Potatoes show arrivals at 77, on track 269, total 5, shipments 608, new supplies liberal and demand moderate with a slightly weaker market. California song whites quoted 7.00 to 7.40, round reds 7.50 to 7.65. old supplies insufficient to quote.
New York report shows demand fair on large eggs and irregular on smaller sizes. Standards around 27 percent average. whites priced 33 to 35 cents for extra fancy heavy weights and 25 to 25 1/4 cents for fancy medium. Butter is in good balance with prices unchanged.
Oelwein library board asked the city council to set September 14 as the date to vote on issuing 35 000 dollars in bonds for library improvements including air conditioning and a new furnace. No action was taken. The council instead awarded a 31 219 dollar contract to Dillman Brothers of Prairie du Chien for street repairs.
Des Moines Iowa State Auditor Lorne Worthington warned that his office will be extremely critical of counties that do not invest surplus funds to earn maximum interest. He said the policy is to invest every dollar of county funds and will be noted in audit reports if not followed. He noted many counties lack good policies, causing taxpayers to miss earned interest.
Collins Radio Co. directors announce a 20 cents per share quarterly dividend policy change with a July 9, 1965 payment to shareholders of record June 29. John D. Nyquist named to fill the unexpired term of M L Doelz. Nyquist has long served in engineering and manufacturing roles at Cedar Rapids and other divisions since 1941.
Three Eastern Iowa men enlist in the army and head to Fort Leonard Wood Missouri for basic training. Russell J. Hinkel 18 Palo field communications Larry L. Gardner 17 4332 Sherman st NE administration Gary L. Kunce 18 2925 Oakland rd NE engineer equipment maintenance. Two join the marine corps active duty August 24 under the buddy program Douglas R Gipson 11 route 3 and Daniel K. Peden 18 729 Gateway st NE. Airman Leslie C. Jones on 30-day leave from McChord AFB en route to a Philippine air base works as aircraft maintenance. Seaman Apprentice Maurice L Grissom en route from Great Lakes to submarine base at New London Connecticut.
OQELWEIN The school board Monday night awarded a $4 036 contract with Stanley Electric for fluorescent lights in 14 school rooms including two in Hazleton and 12 in Oelwein.
President Johnson told key lawmakers that air strikes are complicating Viet Cong reinforcements and showed no plans to target Hanoi. A shift in mood was noted as he weighs critics while seeking Republican and Democratic support for policy amid warnings by Barry Goldwater.
Central City notes Mrs Guy Sawyer 83 died in Central City. She was the former Mabel Sebers, widow of G W Bill Sebers, and survived by three sons, three grandchildren, three great grandchildren, and a sister. Services Thursday at Federated Church at 2 pm, with removal of a blood clot from the brain.
The article explains a 2-for-1 stock split is not a price drop. Pre-split good stocks remain good after. Markets often rally on split news, but long term value stays tied to fundamentals, not the split rumor or timing.
David King aged 14 of 1047 Seventeenth Street NE sustained minor injuries when a motorbike he rode overturned in an alley between the 1700 blocks of Bland and C avenues NE on Monday evening. He was treated and released from St Luke's hospital. Police charged King with operating a motor vehicle without a license and charged Gerald E. Martin, 33, owner of the motorbike, with permitting an unauthorized person to drive. Martin was fined 10 dollars and costs in municipal court. The judge ordered King to write a 2000 word essay on traffic safety.
Milo E. Maeder, 23, of 2319 O Avenue NW, paid a $50 fine and costs after pleading guilty to violating car restrictions. Police said he drove more than 40 mph in an alley between the 400 blocks of Second and Third avenues SW early Sunday morning.
Carol Engler two year old daughter of Mr and Mrs Richard Engler of Oakland Road NE was taken to Mercy hospital Monday afternoon after swallowing charcoal starter fluid at home. She was released in good condition after doctors pumped out her stomach.
Dorothy Viers aged 25 of 822 Twelfth Street NE pled guilty to assault and battery. She slapped Cindy Purdy 18 of Springville in a parking lot at St. Luke's hospital. Municipal Judge Loren Hullinger Jr. imposed a suspended sentence.
In Linn County Iowa the District Court schedules a probate hearing for the purported last will of Frank S. Vetter, deceased. The hearing will occur June 30, 1965 at 9:00 A M in Cedar Rapids Court House to prove and admit the instrument to probate. Kenneth L. Perry Clerk of District Court Lynch Dallas Smith Harman Attorneys represent the estate.
Probate in Linn County Iowa assigns Erma L. Andersen as administrator of the Essie D. Silver estate. Creditors must file claims with the district court clerk and prove debts within six months from the second publication, dated June 1 1965, or be barred. Kenneth L. Moo serves as attorney for the administrator, Cedar Rapids Iowa.
General execution from Linn County Court directs sale of real estate in Cedar Rapids to satisfy Collings Employees Credit Union debt of 1090.38 plus costs. Property is The South Half of Lot 159 and all of Lot 160 Belmont Addition to Kenwood Park. Sale at courthouse steps 9:30 AM June 29 1965. Deputy Webster acts for Sheriff Grant.
Special Execution No 80383 directs sale of all defendants rights in Lot 15 Fairlawn Second Addition Marion Linn County Iowa to satisfy a judgment of Home Federal Savings and Loan Assn Jof Algona Iowa for 13146 44 with 4 percent interest and 283 1 cents costs plus accruing costs and $2 increased costs. The sale is at 9:00 AM June 29 1965 in front of Cedar Rapids Court House door Linn County Iowa. Tom Riley attorney. Walter H Grant Sheriff. Deputy David R Webster.
Probate No. 33438 in Iowa District Court for the estate of ELMA OD deceased. On June 7 1965 the will dated July 12 1954 was admitted to probate and Vernie M Woodard and Welma M Welper were named executors. Creditors to file claims duly authenticated for allowance or be barred. payment to executors requested. Marion Iowa attorneys White Stone Haran represent executors.
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