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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 15, 1971
Page
19
The Dow Jones industrial average rose to 903.96 at 2 p.m., up 5.62, as advances far outpaced declines on the NYSE. A large block of Avery Products, 399,900 shares, was traded during the session.
Reports say Libya again considers nationalizing foreign oil interests. Avery was the most active issue on the New York Stock Exchange at 33 percent, down one. Occidental Petroleum fell 4 4 to 17 percent while Standard Oil of New Jersey rose 76 percent. Sectors in play included steels motors aircrafts metals and rails with no broad pattern elsewhere.
Chicago butter prices delivered steady with 93 69.784 and 92 at 69.784. eggs show improved prices per dozen with jumbo scarce and large whites at 33-33, medium and standards limited. New York wholesale egg offerings heavy and demand slow. creamery butter 93 score AA 70-34 to 70-? cents, 92 score A 70-44.
Chicago AP: New crop soybeans rose just over one cent while grain futures were mixed amid slow trade ahead of a government planting report due Tuesday. Analysts expect higher acreages for corn wheat soybeans and grain sorghums than January estimates.
A partial OCR listing shows Chicago market terms for hard red winter wheat grade No 2 soft red winter corn no 2 yellow soybeans yellow soybean oil with several percentages and figures, but the data are garbled and not fully readable.
Slaughter steer and heifer prices drew weak to 25 cents lower amid Tuesday receipts of 600 cattle reported by AP and USDA in Chicago.
Cattle markets show slaughter steers mostly steady with reductions up to 25 cents. Slaughter heifers weaken as much as 25 cents with load weights around 1271 pounds. Prime and high choices trade around 34 dollars per hundredweight in various weight ranges, with lower yields for utility and commercial cows noted at 19.50 to 21.25.
Des Moines reports trade as fairly active with good demand. Butchers steady to 25 cents lower and sows mostly steady with some 25 cent declines. Estimated receipts: Mon 100000, Tue 85000, Sat 46000, week ago 98000, last year 77000. Prices vary by weight and grade.
Cattle at Omaha quotes show 6,000 head listed with calves none. Steers and heifers firm to higher, cows up 25, feeders strong with high grade 1,125 to 1,250 pounds. Steers 32.60, 31.25 to 32.50 in others. Heifers 32.00 to 32.25 for high grade, 30.50 to 32.00 for choice. Utility cows 20.50 to 22.00, canner 17.50 to 20.50. Feeder steers 37.00 to 40.00, 750 to 900 pounds 31.50 to 33.00.
UPI reports Sioux City cattle and calves cattle sales with slaughter steers and heifers steady to 25 cents higher. Steers 950 to 1350 pounds at 31.25 to 32.25, heifers 875 to 1075 pounds at 30.50 to 31.50, with choice and prime at 31.75 to 32.00.
The Cedar Rapids hog market showed declines with Prices paid Monday 25 cents lower. Butchers 200 to 230 pounds delivered posted 17.00 to 17.50, sows 15.25 to 15.75, and heavier hogs trimmed further as weight increased. Eggs quoted large 22 cents and medium 18 cents with delivered grain prices listed for corn and beans.
The Labour party holds an 8 percent lead over Prime Minister Edward Heath's Conservative government in the latest Louis Harris poll released Monday.
Three minor collisions over the weekend left eight people with minor injuries. Linda Smith and her daughter Angella were treated at Mercy hospital after a crash triggered by Glenn Walters who was charged with loss of vehicle control. A separate motorcycle accident on Edgewood road SW injured Neil Robiena and his son Randy. Bruce Benning and William Hanna were injured in a head on crash, with both Benning and Hanna plus two passengers treated. Benning faces a driving left of center charge.
Richard Burns pled guilty to breaking and entering for a February 19 incident at a southwest Cedar Rapids service station where about 400 dollars was stolen. Judge Harold Vietor set April 9 for sentencing after the plea. Burns, 41, was arrested in a car behind the station and listed a southwest Cedar Rapids address.
The Gateway Transportation Co. directors in Lacrosse Wisconsin reinstated the regular quarterly dividend of 15 cents a common share to be paid April 13 to shareholders of record March 19. The company had omitted two prior payments last year after industry losses from a strike.
Kings Cliffe England invites a town crier to boost village activities earning 1.20 dollars per hour. The role includes carrying a bell and generating interest in local events for residents and visitors.
At least 37 vandalism acts were reported to police over the weekend including slashed car tops and broken gas lanterns in front of residences. Most damage occurred to cars parked on Fourth Avenue SE between Twelfth and Fifteenth streets with reports beginning late Saturday night and continuing Sunday.
The Cedar Rapids Federal building and other government structures restrict public access after recent bombings. Public restrooms on all floors except the first are closed to the public. employees with keys may enter. The GSA cites heightened security following the St. Louis bombing and notes 24 hour guarding with Saturday closures since last October.
An 82 year old Cedar Rapids man Samuel M Andrews died on arrival after a car crash into a tree at 1725 Fourth Avenue SE Police say a heart attack caused the veer Investigation continues He was a retired Cherry Burrell security guard born April 3 1888 near Moravia Church of the Brethren member Survived by daughter Evelyn Roush and one granddaughter Services at Turner chapel east Wednesday 10 30 am Rev Wayne Shireman Burial Cedar Memorial Friends may call at Turner chapel east
Dense fog contributed to a Sunday accident near Wapsie Valley school two miles west of Fairbank. Ricky Wagner, 16, drove off a dirt road curve and overturned into a water-filled ditch. Randy Wagner, 12, suffered shock and bruises and was hospitalized.
U S Treasury Secretary Connally told NBC Meet the Press that investors are cautious, not lacking confidence, citing past tight money conditions and market fluctuations. He praised White House leadership, warned against higher taxes, and urged wage and price restraint to curb inflation while noting Social Security cost increases could widen the deficit. He declined to state any 1972 political preference.
The American Medical Assn outlined its medicredit health plan before the Senate Health Subcommittee. It would use a private system with state approvals and a sliding federal contribution based on income, aiming to cover hospital and physician charges with catastrophic care funded by the government. The plan costs an estimated 14.5 billion dollars in the first year and faces competing proposals from Nixon and Kennedy-Griffith.
Deputy Donald Corcran of Benton County resigns effective April 1 per Sheriff Harold Burch. After 22 years on the force, Corcran plans to relocate to the West Coast.
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