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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 19, 1971
Page
17
New York reports mixed prices on major boards with declines in several issues. Analysts note subdued demand and delays in shipments affecting transport and industrial stocks while profits and dividends appear uneven across large cap and commodity sectors.
Slaughter steer prices climbed 23 to 50 cents at Chicago yards while heifers held steady to 50 cents higher. Des Moines reports show moderate trade and good demand with hogs 25 cents to 50 cents higher. dressed meat prices mixed with steady to lower movements in steer and heifer sales. Receipts figures and regional market notes accompany the price shifts.
Market reports show varied prices for live poultry cattle and pork cuts. Prices moved higher on some weights while others held steady or fell, with specific shifts for hogs from smaller to larger weights and cattle categories including steers and cows. Chicago and New York produce quotes reflect broader market conditions and delivered pricing across regional markets.
Washington AP The Food and Drug Administration acknowledged misstating testimony from a 1969 study on nitrite levels in smoked fish and cured meats The agency said three of six plants exceeded the 210 parts per million limit and officials edited testimony to shorten it Nitrite used as a preservative can pose cancer risks and is linked to botulism in certain foods
Soybeans and wheat futures fell about 14 cents before recovering slightly as the market eased late with corn prices also retreating. March contracts showed soybeans near 2.98, wheat near 4.14, and corn around 1.46 with a modest rebound by day’s end. Local cash grain markets reported weaker tones amid the broad drop.
Iowa farmers expect to seed 11.9 million acres of corn, up from 10.7 million last year, the Iowa crop and livestock reporting service said. They also plan a record 5.9 million acres of soybeans, about 3 percent above 1974. Weather, programs, and seed issues could alter final plantings. Some blight resistant seed may shift flax, with grain sorghum up to 110,000 acres as western Iowa faces drought conditions from last year. County details include Cedar, Clinton, Des Moines, Henry, Jefferson, Johnson, Lee, Louisa, Muscatine, Scott, Van Buren and Washington.
Funeral arrangements are set for two Mantivella youths killed in a Thursday car truck crash on highway one mile north of Marielle. Timothy J. O'Brien 24, will have services Saturday at Sacred Heart Church in Monticello with a rosary Friday. Survivors include his parents and siblings. Freese, born July 26 1951 in Des Moines, a Monticello high school graduate and a current Cedar Rapids junior college student, will have services Saturday at St Matthew's Lutheran Church. Survivors include his parents and three sisters. Services for Freese are Saturday at 2 pm. friends may visit Friday after 2 pm.
The station will minimize but not discontinue using Tele-Vision sign-off film clips supplied by the armed Forces. About a dozen tickets representing a veteran group protested at KCRG studios over a sign-off project from March 3. General Manager Ed Lasko said the films are supplied by the military and will be reviewed, with no apology issued, as a protest march began.
In Inglewood California three elderly residents perished in a blaze that swept through a convalescent home. The fire emergency response units battled flames with reports noting the building’s age and rapid spread.
Republic Steel Corp announced a planned price increase of about six and three quarters percent for hot rolled products effective in April and for cold finished bar products on April 26. The move signals likely follow on by other major steel producers as the industry adjusts to higher costs and demand shifts.
In Morges Switzerland the WWF urged apes worldwide to buy specimens of the Nepalese Great Indian one horned rhinoceros. Only about 80 of the breed remain.
British officials report Lockheed rejected a government proposal to cap aid at 344 million dollars to support the Rolls Royce RB-211 engine program for the Tristar jet. Lockheed chairman Daniel Haughton offered a small counter proposal while Delta announced new DC-10 purchases due to program uncertainty.
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