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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 04, 1960
Page
20
USDA estimated Saturday receipts of 100 cattle 100 hogs with no sheep. Butcher hogs were steady to 25 lower Friday as 5,000 head sold quickly. Prices ranged from 14.65 to 15.50 per 100 pounds for various hog grades and weights, with cattle and sheep having limited data.
UPI notes Thursday hog receipts in Des Moines at about 57 000, up from last week and up from a year ago. Week’s prices show live weights for butchers ranging 13.30 to 15.00 per hundredweight with varied ranges by weight class and sow weights from 10.85 to 14.00.
Waterloo hog market bids shown by weight ranges with prices per hundredweight. Prices vary across categories from under 160 pounds up to 400 pounds with multiple brackets and ranges for sows and boars.
Sioux City market notes cattle receipts light with 1,000 calves not enough to test. few loads of choice slaughter steers 1,150 to 1,275 pounds sold around 27.50 to 28.00 per hundredweight.
Omaha cattle market summary notes 500 cattle and 25 calves with five loads of good 1,300 pound steers at 25.25 on ordered in basis. other slaughter steers and heifers scarce. Local UPI report from Omaha.
The Cedar Rapids market reports higher prices on Friday with hogs 200 to 220 pounds at 14.35 to 14.85 delivered at the plant and 330 pounds and under at 12.85 to 13.50. Prime cattle values span steers and heifers with assorted grades, while lambs, poultry, eggs, wool, and grain figures accompany the session data.
In New York stocks closed lower with heavy volume estimated at 3.6 million shares. Major equities dropped fractions, led by space age stocks, as the market saw broad losses late in the session. Information furnished by Francis J. duPont & Co. from Merchants National Bank Building.
Iowa Attorney General Norman Erbe said he would probably vote for a constitutional convention this fall to pursue reapportionment, but he reserved the right to change his mind. He stressed the convention is not a cure-all and warned against rigid stances.
An investor analyzes a 71 year old client with 65000 in trust securities, social security income, and 35000 cash. Recommends placing 35000 into high grade Treasurys and convertible debentures plus rail bonds to achieve 4.5 to 5 percent yield with low risk and low switching costs.
A list highlights 16 well known stocks that advanced even as overall markets declined. Each entry notes price gains and key identifiers, underscoring resilient names in a softer trading day.
Community notices cover Heralders annual dinner at the Town House 6 p.m. Sunday and local services from Carrigan's Barbershop to Greene Square Rest Home. Dean's List honoree Michael T. McEnany of Marion named at Brown University. Pension guidance hours offered by Disabled American Veterans Office. Dairy Queen outlets listed with Marion locations. Medical talk features Dr. Byron Laycock at Palance residence event. Beef sale at Gibson's Locker menus headlined.
Chicago grain markets moved downward with wheat 4 to 5 cents lower soybeans about 13 to 14 cents down and oats mixed as traders cash out before weekend. Cash prices showed No 1 yellow wheat around 1.17 a bushel and soybeans near 2.15 a bushel with other yellow grades quoted.
Chicago AP dairy and produce notes report Thursday receipts for live poultry at 3,000 lbs with no prices due to scant demand, butter steady with 992,000 receipt volume and various wholesale prices. eggs firm at higher bids, potatoes on track 185 with 648 shipments to date and moderating supply. russets and bakers priced Idaho and Red River Valley items cited.
New York butter supplies are ample with demand fair. Receipts total about 205000. prices unchanged. Keg offerings remain ample with extras around 48 to 50 pounds and 23 1/2 to 34 1/2. Extras medium 29 to 31, standard large 29 to 31, checks 25 1/2 to 26 1/2.
Thirty commerce students from the University of Nebraska, all Delta Sigma Pi members, toured Cedar Rapids on Friday visiting Quaker Oats Square D Cherry-Burrell and city hall. They planned to return to Lincoln by bus after a Sheraton Montrose dinner.
Dana L. Stearns 76 longtime Linn County resident and Mt. Vernon pioneer died Thursday. He built the first garage in Mt. Vernon and retired in 1945. Survivors include his wife a daughter Mrs Everett Beatty of Shellsburg and a brother Wilbur of Springville. Services Sunday at 2 p.m. at Baxter mortuary.
Oscar Banken, 44, is in Johnson county jail on a second offense drunk driving charge with $1,000 bond. His case will be heard Saturday morning in Iowa City.
A 33 year old mother of six, Mrs Archie Hair, is the focus of an area wide search by Cedar Rapids and Linn county authorities. She has been missing from her Hiawatha home since Monday after her husband filed a missing persons report. He had just returned from eight months in Greenland on a government construction project. Hair said his wife left the children unattended only hours before his return and described her as 5 feet 5 inches tall, 117 pounds, with long blond hair and blue eyes.
Allis-Chalmers secures a multi million dollar contract to supply electrical equipment for the 12 billion electron volt synchrotron at Argonne National Laboratory near Lemont Indiana. The project, operated by the University of Chicago for the Atomic Energy Commission, costs 29 million dollars and aims for completion in 1962. The power system includes a 420 ton flywheel motor generator and a 15 000 horsepower drive motor at 13200 volts.
The Marion board of education approved five new teachers for 1960 61 including Naomi Hammond Cedar Rapids fourth grade Dorothy Otting Marion first grade Rosemary Wallace University of Iowa first grade Barbara Fisher Lombard Ill and Theresa Hood Springville Coe college sixth grade The board also announced curriculum discussions and changes in salary and sick leave for experienced teachers.
Clint Carpenter of Marion died February 26 at his home near Detroit Michigan after a long illness. A World War I veteran, he had been in poor health for some time. Members of St Pauls Lutheran church may register for communion at the Sunday morning services.
Gov Herschel Loveless commuted a life sentence making Hoskins parole eligible. State parole board officials said Hoskins could not adjust to life outside prison and requested return to the penitentiary. His record before confinement was described as excellent.
Mrs. Carl J. Kassler returns from Winfield Iowa where she stayed with her son John P. Kassler and his family. Mr. and Mrs. Robert Hauptman of Omaha plan weekend visits with Rev. Mr. and Mrs. Herbert G. Kohl and their children.
Erbe declared the state cannot reimburse Iowa Safety Commissioner Donald Statton for 652 paid out of pocket to fund a narcotics raid. Secretary Grant Cunningham cited a verbal February opinion that Loveless could authorize payment by executive order. Erbe warned the comptroller would face action if he paid and said only the legislature can authorize reimbursement.
Milwaukee firm Square D Co. reports 1959 sales of 110 million dollars, up 21 percent from 1958 and above 1957 high. Net earnings reach 10.44 million dollars, or 1.95 per share, up 78 percent. Directors announce 25 cent quarterly dividend payable March 31 to holders of record March 16.
John R. Hoskins 79, who spent four decades in the state penitentiary, has returned to the prison at his own request after parole last May. Hoskins was serving a life term for the 1919 murder of his wife and two stepsons.
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