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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 28, 1968
Page
19
Stocks drifted lower in quiet trading as early gains faded. Air stocks, oils, and drugs held gains while non ferrous metals and airlines declined. Fairchild Camera fell 6 percent to 8 dollars after a block trade, later trimming losses. Commercial Credit and Control Data rose modestly after a merger agreement.
CHICAGO AP butchers saw hogs steady to 25 cents higher on Friday. Slaughter steers rose to 50 cents. Slaughter heifers were steady to 25 cents higher, and spring slaughter lambs advanced about 50 cents.
Chicago hog cattle and sheep market summary shows 4 500 hogs with price ranges from 21.00 to 22.75 per cwt for various weights and sow grades, 5 000 cattle with primes and yields from 26.00 to 29.00, and 200 sheep with spring lambs priced 26.00 to 28.50 per cwt. Prices reflect 1 3 ranges and weight classes across categories.
Market summaries show calf and cattle listings with price ranges in Omaha and Sioux City. Steers at Omaha reach 26.50 to 27.00, heifers 26.25 to 26.40, cows 17.00 to 18.00, with smaller lots and declines noted. Sioux City reports calf availability and market insufficiency for further data.
The American Stock Exchange said volume discounts should be developed and give ups eliminated, with the New York Stock Exchange expected to follow. The plan would reshape commission structures as the SEC begins hearings in Washington on a sweeping probe into costs of buying and selling stocks. A give up is when a large customer directs a broker to share commission with other brokers who provided services.
Des Moines reports slow demand, mostly steady prices with some 25 cent increases. Receipts estimated at 30 000, week ago 35 000, year ago 37 000. Thursday 49 000. U S 1 3 butchers various weight ranges quoted with prices from 18 50 to 21 75 per hundredweight. Sows and larger hog categories range 15 25 to 19 00 per hundredweight.
Market quotes show oven highs and lows for pork bellies with July contracts at 30.50 and 29.52, with season price 30.17. The page lists sales figures and closes around 34.00, reflecting fluctuating commodity prices.
Dressed meats report from Des Moines shows steer beef largely steady to 50 higher, heifer beef up 30 to 50, pork cuts and skinned hams moving modestly. Prices listed: steer beef choice 600-800 lbs 42.75 to 43.00, good 600-800 lbs 47.50. heifer beef choice 500-700 lbs 42.25-42.50, good 500-700 lbs 40.50-41.00. cow canner and cutter 38.00. pork cuts skinned hams 38.75-40.50 per 100 pounds, seedless bellies 10-14 lbs 33.00, 16-18 lbs 29.75.
Federal State Market News Service provides results from three Iowa auctions with 342 cattle sold. Slaughter cows mostly steady, feeders steady to strong with limited volume. demand described as good. Prices for steers and calves noted with ranges and weights, plus feeder pigs firm to higher and grain and hog prices from Cedar Rapids market.
Miami Beach police won council approval to buy security gear for the GOP gathering including 20 combat flak jackets 40 shotguns three sniper rifles and 50 smoke grenades. The force may don helmets ahead of the August convention with plans to prepare for worst case demonstrations.
Vatican officials announced the bones declared by Pope Paul VI as those of the apostle Peter have been returned to the marble niche beneath St. Peter's Basilica, where they were discovered 25 years ago.
In Chicago trading wheat edged up 0.14 as fears of breuth in parts of Europe spurred import talk while soybeans advanced. Wheat finished down 4 to 38, corn and rye mixed, while soybeans gained despite mixed prices in cash grain quotes for No. 2 hard red winter and yellow soybeans.
A brief market update cites Chicago items including tree and Shigags(AP) scores and butter values AA and A at 66 and 90. Egg grades pull A and medium counts. arrivals total 68 with U.S. shipments 425. California prices for long whites and round reds noted amid steady carload sales.
Wholesale offerings are ample across sizes with steady demand and unchanged prices. Mopar quotations list standards 30-31, checks 18-19. Whites Fancy large 31-33 1/2, fancy medium 27-28, fancy smalls 18-20, fancy peewees 12-13.
Washington officials report a 0.3 percent rise in living costs for May, the fastest pace in over two decades. An official notes the new income tax surcharge may slow the increase but effects will take several months to materialize.
Prices show corn syrup teak cars 5.10 and pearl starch standard moisture paper bags powdered starch stand moisture paper bags 6.95. Dextrin white paper bags crude corn oil tank cars 6.45.
Premier Huong declares harsh penalties for anyone disseminating communist policy or aiding neutralist peace efforts. Offenders face court Martial within 24 hours under a 1965 military decree. The move targets newspapers and foreign media alleged to echo pro communist lines.
William Manchester, author of Death of a President, turned in a 45 automatic pistol at Middletown police headquarters. He cited losing two friends to assassination in five years and urged others to surrender guns.
Army and Joint Chiefs switch to mobile warfare at Khe Sanh amid debate on defense of Vietnam's northern provinces. The abandonment of the base signals new concepts in five province 1st Corps strategy as leaders cited psychology infiltration and potential victory over Dien Bien Phu as factors. General Johnson and Chairman Wheeler framed the shift after Senate testimony and memo discussions.
McCarthy supporters warned they would walk out of a New York Democratic State Committee meeting after learning they would win only 15 percent of the 65 at large delegates rather than one third. They delayed the session by a half hour and demanded more than 15 percent.
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