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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 07, 1969
Page
87
The report shows hog prices steady with mixed declines across futures, while stocks edge lower on fears of international monetary problems. Dow Jones averages slip. agricultural futures and cattle markets reflect subdued demand and uncertain near term trends.
Prices on Friday steady for hogs in Cedar Rapids with Thursday’s bulk delivery range $19.50 to $20.00 for 200 to 230 lb butchers. Sows around 17.50 to 17.75 for 300 lb. Packers and weight grades show several reductions. Cattle and calves varied with feeders up to 28.80 and slaughter cows quoted, while Chicago market noted steers up and hogs mostly steady to higher amid soybeans’ weakness.
Grain market notes a sharp rebound in soybean prices amid reduced supplies and steady demand. A reference to pregnancy test pricing appears in the same line but offers no further context.
A Johnson era board recommends a three step general wage increase for signalmen retroactive to July 1 1968 plus an 18 month contract with staged increases 3 5 percent July 1968 2 percent January 1969 and 3 percent July 1969. Laurence Seibel chairs the panel with members including Jacob Seiden Friberg and Rolf Waltin.
Sister Marie spoke at Church Women United on World Day of Prayer urging personal choice in growth with Christ. She warned technology’s grasp risks losing God and promoted peace amid adversity during a Lenten luncheon series at the Montrose hotel.
Nixon announced a cabinet level study to examine rising lumber costs and their impact on housing. The task force will assess causes and recommend long term supply and demand policies for the industry.
Walter Annenberg a publisher and nominee for ambassador to Great Britain testified to senators that he did not contribute to President Nixon's re election campaign and questioned the timing of the inquiry. He said the charge surprised him and suggested it may stem from a political background check.
The FTC files a complaint charging White Consolidated Industries with antitrust violations over its plan to gain control of Allis-Chalmers Manufacturing. White has acquired over three million Allis-Chalmers shares and 32 other companies since 1950, swelling annual sales to about 825 million by 1988 and moving White into major machinery markets.
The Chicago cash grain report lists prices for futures to be noted. No. 2 hard red spring at 1.40. No. 2 sort 350. Oats No. 2 extra heavy at 1.40. Soybeans No. 1 yellow at 2.822. Soybean oil at 9.000.
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