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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 25, 1962
Page
5
Tuesday USDA receipts report cattle 15 500 head hogs 7 500 sheep 1 000 with barrows and gilts steady to 25 cents higher and slaughter steers steady to 25 cents lower. Prices listed by weight include hogs 190 230 pounds around 19.00 to 19.25, steers 1 100 1 350 pounds 26.25 to 28.00, and sheep 80 to 110 pounds at 21.00 to 24.00 inline with regional demand.
Des Moines reports steady demand with receipts estimated at 50 000. last week 54 000. year ago 45 000. Saturday 31 000. Butchers' weights listed with ranges from 200 to 550 pounds and varying prices per weight class. Sows shown at 12 35 to 15 75 per pound across weight brackets.
Market listing shows weight brackets for Waterloo hogs with price ranges from 13.606 to 16.95 per hundredweight across several weight intervals. Figures include 160-170 ibs at 13.60, 230-250 ibs at 16.85, and 360-400 ibs around 14. owas.
Prices on the Cedar Rapids hog market Saturday and Monday were steady. Butchers 200 to 240 pounds sold at 16.50 to 17.40 with some at 17.50, while 1s and 2s mostly 17.00 to 17.40 delivered at the plant. Packing sows 300 lbs down showed 14.25 to 15.25, with weight-based deductions applied for heavier hogs up to 550 lbs.
New York AP reports stocks fell for the fifth straight session Monday before a partial late recovery. Key issues dropped early but some pared losses as traders evaluated market directions. Volume was about 6.9 million shares.
Keith Eddins 21 of 1043 Tenth Avenue SE was arrested Sunday as a suspect in Saturday’s break in at Economy Service Center 125 E Avenue NW. He allegedly took 135 and some cigarettes and has admitted the crime. arraignment in district court is scheduled.
Beef market notes from UPI indicate prices steady to higher near 11,500 with strong demand. Two heifers bring lower cecal choice at 050 pounds and a single load average shows higher quality buying.
Receipts at Omaha for calves and cattle total 16 loads of calves 175. Early sales show large lots unsold and high demand for prime and high choice cattle. Steers bring 25.50 per cwt, load of prime 25.25, choice 24.25 to 25. Three loads of mostly ptr choice heifers 875 to 950 lbs fetch 25.00, with heifers 24.25 to 24.75.
The Supreme Court on Monday upheld a lower court ruling against a union of Brown's Shoe Co. of St. Louis and the G. R. Kinney shoe store chain.
In Chicago the market showed firm demand for wheat and rye while corn weakened on continued liquidation. Wheat closed 54 to 114 cents higher, corn 3 to 4 cents lower, oats 2 to 34 cents lower, rye nation 1 to 2 cents higher, and soybeans 4 to 4 cents higher to 4 cents lower.
AP dispatch from Chicago lists grain quotes with corn prices for No. 2 yellow at 1.4 dollars, No. 3 yellow 1.13, sample grade yellow 1.0, and No. 3 extra heavy white at 0.664 dollars per bushel. Soybeans show limited figures and notes on price ranges and feed values.
AP dispatch reports US live poultry prices unchanged with roasters at 21 23 cents and fryers around 18 19 cents. Potatoes trade mixed with standards about 22 cents and checks 21. California whites summarized with limited quotes. New York butter prices show creamery at 72 58 cents and extras around 38 cents for medium and small sizes.
Phyllis Armstrong of Mystic, age 25, cashier at Iowa Southern Utilities, faces embezzlement charges for siphoning slightly over $11,000 over three years. County Atty James Milani filed the information. after arraignment she posted $5,000 bond and will enter a plea Friday before Judge Edward Simons.
Mrs William Schmidt of Dubuque sustained fractured ribs when a car driven by her husband left the road and struck a tree at Backbone State park Sunday. She is hospitalized at Manchester.
The Marion school district will sell 85 000 dollars in bonds Thursday at 7 30 p m in the home economics room of Marion High School. The sale completes financing for the new high school building with earlier 550 000 dollars in bonds sold by Auction sale household for the board of education. Footings and foundations receive final touches by V and E Construction Co of Galena Illinois as progress remains satisfactory.
Higher sections of the building face stress while steel arrivals this week target a February completion. Superintendent notes occupancy planned for fall 1963. The item sits among local notices and public postings in Marion.
Virgil Smyth of Marion reported Sunday that a billfold containing $35 was stolen from a seat in his car at the Linn county fairgrounds. The billfold was recovered later, but the cash was missing.
Classified notices in the Gazette cover job, sale, and service listings with concise details. Local readers find brief ads for talent, items, and opportunities, organized for quick scanning and easy responses.
Community items list hospital patient status and homecomings, local theft reports, mowing and cooking events, club meetings, speakers, and chess club schedules. Highlights include M G Swords film at Shorewood, Fire Prevention film at Roosevelt hotel, and Human Relations talk at Cedar Rapids YWCA.
In Bangkok the AP reports that despite Laos forming a national unity government, a large number of Laotian refugees continue attempting to cross the border into Thailand seeking safety and asylum.
The adviser counsels against wholesale liquidation. With six solid stocks AT and T Socony and P S E G bearing long dividend records and others with strong ratings, a staggered sale of lower yielders may be possible but rapid market recovery is unlikely. Long term investors should hold core positions and avoid speculative timing.
Iowa's 1961 share of prime defense contracts fell to 0.6 percent, down from 0.8 percent in 1953 as the defense industry shifts to the west and south. California rose to 23.9 percent, Massachusetts to 4.8 percent, and Texas to 5.1 percent, with Midwest losses led by Michigan and Illinois.
Iowa Governor Norman A. Erbe advocates preserving national guard and reserve forces at 700000 and retaining 27 army national guard divisions. He submitted three resolutions to the governors conference committee and said they may be advanced or merged with others before the conference floor.
Peter F. Bezanson, president of the Morris Plan, was elected third vice president of the American Industrial Bankers Assn at its annual convention in Colorado Springs. George E. Wainscott of Atchison Kansas was named president, succeeding Russell E. Jex of Salt Lake City Utah.
The Lions club presented newly installed street signs to CENTER POINT at Friday night’s band concert. They raised about 1100 dollars by hosting two basketball games and selling light bulbs door mats and brooms.
A report outlines how a person linked to a sleuth became entangled in a con game broadcast on KCRG TV 9. The Monday program SURFSIDE 6 at 8 p.m. drew attention as viewers questioned the scam.
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