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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 21, 1963
Page
10
Stocks weakened late Thursday with irregular declines and light volume around 3.3 million shares. Key issues fell from fractions to about a point as investors steered through mixed signals, while listed prices and bid quotes showed modest retreats across several names including Am Rein and Technicolor.
CAPE CANAVERAL AP A Titan 2 rocket conducted a successful test flight traveling 6 500 miles. The two stage vehicle hurled a GE Mark VI warhead into the South Atlantic off West Africa, weighing about 8 000 pounds and promising up to 10 megatons of TNT. The Martin Co. and the Air Force expect Titan 2 to be operational this year.
The Iowa Electric Light and Power Co reports a 12 month period ending February 28 with operating revenues of 52,469,769 up 6.9 percent from the prior year. Net income reaches 5,995,671 or 3.05 per share, 6.2 percent higher than the prior period. Taxes paid by the utility rise 8.3 percent to 10,783,179.
USDA Friday estimates show 3,000 cattle 5,000 hogs 2,000 cattle and hogs sold. Butcher hogs moved steady to 25 cents lower, while small cattle supplies stayed steady across markets.
Chicago cattle hog and sheep quotes show steady to mixed movement with feeder and slaughter levels. Des Moines receipts Thursday estimated at 70 000 with prices mainly steady to weak and occasional declines across hogs cattle and sows.
UPI reports 3,500 cattle received at Sioux City. Calves move slowly and weak to 25c lower. Choice steers mostly $21.75 to $23.50 with a load at $23.50 and prime 1a at $23.00. Choice heifers about $21.50 with several loads, mostly high choice baled.
Receipts 3,000 cattle and 100 calves. Steers and heifers slow and uneven, mostly steady to weak, with declines around 25 cents. Prices: mostly choice steers 22.00 to 22.50, two loads 23.00 for 1,100 to 1,200 Ibs. Short loads of high choice heifers around 1,100 Ibs at 25.00, most choice 22.00 to 22.50.
Cedar Rapids market prices Thursday held steady with hogs at 12.75 to 14.00 for 200 to 230 lb butchers and 13.25 to 13.85 for 1s and 2s. Packing sows under 300 lb at 12 to 13. A changing scale lowers values by weight. Poultry and eggs also listed with springs at 9c, hens 6c, leghorns 6c, eggs at 28c large and 25c mediums, dirties 19c, wools and soybeans priced.
Adlai Stevenson chief U S delegate to the United Nations arrived in Paris on Thursday marking the start of a European tour planned to include stops in several major capitals. The visit aims to discuss security and international affairs with allied leaders.
Chicago AP reports the government planting report strengthened soybeans with buying across delivery months especially new crop. Wheat rose 4 to 7 percent while corn gained about 3 and oats rose 4. rye advanced to near 4 percent lower for some futures.
AP report from Chicago lists cash provisions with no wheat oats or meal sales. Corn prices No 2 yellow at 1.23 and No 3 yellow at 1.20. Soybean oil and barley figures appear with choice and feed categories, showing around 1.23 to 1.30 and 1.00 to 1.08 in cents per unit.
AP reports steady wholesale butter prices with varying grade scores, barely steady eggs with whites and standards priced around 33 to 44 cents, and potatoes arriving 40 on track with U S shipments totaling 700. Demand for russets moderate while round reds lag, Idaho russets at 4.00 and Red River Valley reds at 2.00, carrot track sales light and dull.
New York documents an ample eggs market with slightly improved demand on Thursday. It lists price ranges for extras large at 36 2/3 cents, extras medium at 33 to 34 cents, smalls at 25 to 26 cents, and standard checks at 31 to 32 cents. Butter demand remains fair with prices unchanged and ample supply noted.
Sam Shulsky notes that cautious households can start investing by placing a small portion of funds into stable, well established stocks that pay a steady dividend around 4 to 4.5 percent. He argues growth investing carries risks and suggests demonstrating tame, reliable investments to ease doubt.
A recurring feature titled Dennis The Menace appears each day in the classified pages. The item shows humorous or satirical notes attributed to a recurring character shaping reader engagement.
Washington AP The treasury plans a second competitive bond sale totaling 300 million dollars. Bids due April 9 at the New York Fed. bidder must re offer to public. Bonds mature May 15, 1994, may be called May 15, 1989. dated April 18, 1963 with semiannual interest May 15 and Nov 15. Also 100 million in new money bills offered.
Community items list a high school club talk on Ancestor Hunting at Embassy Club, removal of winter decorations the week of March 25, and local incidents. Reports include injuries from a broken bottle, burns from hot coffee, stolen engine parts, and a stolen bicycle wheel. Public notices address a will probate and estate administration, with church and temple events and a bowling league cancellation.
Gov Campbell signed an emergency measure regulating land subdivision firms in New Mexico. The bill takes effect immediately with a six month grace period to comply. Advertised lots must state public utility availability and water table height, show accurate subdivision depictions, and disclose mileage for external attractions. violations carry up to five years imprisonment and fines up to 100000 dollars.
Henry Martinek of 1724 First Avenue NE sues in Polk district court for 25000 in damages from injuries after a ladder broke while he stood on it. Defendants are Heider Manufacturing Co of Carroll and Wisconsin Lumber Co of Des Moines. Heider made the ladder and Wisconsin Lumber sold it. Martinek, a Milo Simanek Plumbing and Heating Co employee, says permanent shoulder injuries resulted April 11 1961. He claims the ladder was poorly constructed from inferior wood and had an inadequate design.
FDA officials said a closed hearing will be held in Cincinnati on April 9 regarding an order to William S. Merrell Co. to show cause why it should not be charged with improper distribution of thalidomide. The company had distributed the sedative for investigational use before its link to birth defects in Europe was known.
The U S Junior Chamber of Commerce picks Madison Wisconsin as the site for the 1964 Outstanding Young Farmers program after an executive committee vote. Other contenders included Cedar Rapids Rochester Fargo and Chicago. The event will name the nation's four top farmers aged 21 to 36 and is set for Tulsa from April 7 to 9.
Parker is assigned to shadow McHALE who is suspected of espionage for the enemy. The stakeout unfolds Thursday at 8:30 p.m. on ITV.
Leland Seimer 33 of Iowa City was listed in good condition at the VA hospital after his eastbound car lost control on Highway 6 near Coralville. He attempted to pass a car and a truck, skidded, hit a truck, then struck the motel edge wounding two Minnesota couples and causing minor injuries to Lou.
Hartford AP reports Connecticut became the 23rd state to ratify a constitutional amendment outlawing the poll tax on Wednesday.
Probate hearing set March 27 1963 in Cedar Rapids for Hulda Martinec will. Administrators appointed Mike J. Koury Ivory G Steele and attorneys announce claims and deadlines for estate settlement in Linn County Iowa.
In Black River Falls Wisconsin three young sisters Faye Lynn 3 Juanita 2 and Patty Ann 1 perished in a house fire. Their mother was visiting a neighbor next door and the father was away at a funeral. Fire Chief Lawrence Larkin described the mother as hysterical and unable to answer questions.
The FDIC issued a call for condition statements of insured state banks not in the Federal Reserve System as of March 18. The Comptroller of the Currency and the Federal Reserve Board issued similar calls for national banks and member banks not affected by the other agencies.
A Rome criminal court postponed action on bigamy charges against Sophia Loren and Carlo Ponti to await a civil case on annulling their Mexican marriage.
Cora M Hawkins is named executrix of the Clyde W Hawkins estate in Linn County Iowa on the 6th day. Creditors are asked to pay debts and those with claims must file them with the Linn County District Court clerk duly authenticated. Lawrence and Crissman are listed as attorneys.
Notice announces appointments of executors and administratrices for estates in Linn County Iowa. Frances Strole, Thaddeus Capfe, and Merl Sawyer appear as named executors or administrators with wills annexed for the estates of Joseph Stroleny, Antonina Jasinski, and Forrest L. Tunks. Creditors urged to present claims and debts to respective attorneys and offices.
Sealed bids due by 7:30 P.M. CST March 28 1963 for 120000 School Building Bonds in Linn and Johnson Iowa. Bonds dated May 1 1963 interest up to 3.5 percent and mature 1965 to 1979 with specific par allocations. Bidder to supply 2 percent certified check. Right to reject bids reserved. Secretary Glenn E Selzer declares notice March 12 1963.
Sealed proposals for adding to Prairie Junior High School in Cedar Rapids Iowa will be received by the College Community School District Board at the anus High School Building on April 2 1963 at 8 PM. Bids cover General Construction Plumbing Heating and Ventilation and Electrical Construction with specific bid bonds required. Preference given to domestic labor and state law provisions apply. The district reserves the right to reject all bids and waives informalities.
Sealed proposals for caisson work on two junior high site projects in Cedar Rapids Iowa will be received by the Secretary of the Cedar Rapids Community School District until March 28 1963. Bids must include a 5 percent bid bond and be accompanied by plan deposit. Preference is given to Iowa grown products and domestic labor.
A collage of classifieds lists rides to Washington D C, rummage sales, charity drives by the Salvation Army, clothing donations, sewing services, watch repair, tailor shops, and local entertainment at Windsor and nearby venues. It mentions a round trip ride March 24 31, various thrift events, and contact numbers for inquiries.
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