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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 02, 1965
Page
14
The stock market moved unevenly higher late Tuesday afternoon in fairly active trading in Chicago and New York. Volume was about 5.4 million shares versus 6 million the previous day.
USDA Wednesday receipts show 9 000 hogs 2 000 cattle 300 sheep in Chicago. Hog slaughter steady to 25 cents higher while slaughter steers and lambs mixed to steady. prime and choice loads cited with various price ranges for 190 to 260 pound hogs and larger cattle consignments.
Market notes from Des Moines and Omaha show soybeans trading with demand strong, prices 25 to 50 cents higher. Reports list various cattle and hog price ranges in Sioux City and Omaha areas, with notable gains and active demand across multiple weight classes.
Alternating buying and selling nudged old crop soybeans on the Chicago Board of Trade. Prices closed up 14 to 2 cents a bushel with other grains showing small changes amid limited support.
Chicago market notes show unchanged wholesale buying prices for live poultry eggs and butter with mixed grade reports. The page also carries multiple legal notices including incorporation of Casualty Insurance Company of America and several probate notices for estates in Iowa with executors appointed and creditors urged to file claims by set dates.
Marion Bank and Trust Company was the low bidder at 3.2585 percent net on a $65 000 street improvement bond sale held Monday night at the city council meeting. Proceeds fund the unpaid portion of the 1964 paving program with other bidders named as Peo ple's Trust and Savings Indianola Becker and Cownie Des Moines Carlton D Beh Des Moines.
The March gathering of the Prairie Union Wildcats met at Prairie Chapel church to decide on buying and selling trees this spring and consider splitting the club with no action taken. Police in New York arrested 21 African Americans during a Brooklyn demonstration near the board of education, as tensions rose with confrontations and chants against segregation.
Sam Shulsky notes Pacific T and Pacific Northwest Bell are A rated or well traded issues with long dividend histories. Pacific T T yields about 4 percent with rising earnings while Pacific Northwest Bell pays 4 percent and has traded heavily. Analysts study these stocks daily, questioning any claim of a tip.
The Italian Socialist party on Tuesday demanded revision of the 1929 Lateran pacts with the Vatican. They called for reconsidering the ban on performances of the play The Deputy in Rome as part of the pact review.
Cedar Rapids hog market on Tuesday held steady to 25 cents higher with bulk 200 to 230 lb butchers averaging 16.50 to 16.75 dollars. Packing hogs around 300 pounds bid 14.50 to 14.75 dollars. Quotes vary by grade and delivery at the plant with weight-based reductions noted for butchers and Packers across weight groups.
Iowa Illinois Gas and Electric Company reports 1964 net income available for common dividends at 8,891,767 up from 7,590,877 in 1963. Kilowatt sales rose 11.4 percent, gas sales up 16.8 percent volume and 10.2 percent in revenue. General rate reductions for electricity and gas were implemented in 1964 with more planned for 1965 totaling about 1,300,000 annually. Construction expenditures reached 9,587,842, while total facilities in service grew to 192,109,194.
A witness charged Senator Robert Kennedy with steering public opinion against James R. Hoffa through a planted Life magazine article based on an arranged interview with Sam Baron. The claim, raised at a senate subcommittee, drew strong cautions about Justice Department tactics under Kennedy. Roy Cohn echoed concerns without naming Kennedy.
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