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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 01, 1973
Page
21
New York stock trading opened with a rally then slid over 13 points before recovering. The Dow Jones average fell to 918.50, down 2.93, as declines edged advances 878 to 415 on the Big Board. The White House said Nixon would address the economy at 10 a.m. Wednesday after a meeting with advisers.
AP reports a volatile New York Stock Exchange showing top gainers and decliners, with Dow Jones averages slipping 0.4 points and volume leaders like Collins & Aikman and Fleetwood Enterprises driving notable moves, alongside broad index shifts and Amex trends.
Prices paid on the Cedar Rapids hog market slipped 25 cents Tuesday with butchers 200 to 230 pounds at 34.25 to 34.75 delivered. Sows 300 pounds down at 31.00 to 31.50, heavier hogs reduced per 10 pounds. Cattle and sheep notes follow with regional price ranges and weights.
Market notes show 5,000 hogs mostly 200 to 250 pounds up to 75 higher at times with steers 1,066 to 1,225 pounds at 46.00 to 46.25 per hundredweight and heifers 45.60 to 45.85 shown. Sows advance to 25 higher while feeders stay steady with dairybreds around 28 to 32.50 and utility bids around 32.50 to 34.00.
A tornado swept through Georgia two percent years ago killing 15 and causing property damage estimated in the millions.
On Tuesday Chicago grain futures spiked to limit gains for soybeans soymeal corn and wheat before late session selling. Soybeans rose about 15 cents with May options up 25 percent to 7.74 percent. wheat fell nearly 6 cents. corn gained 2 to 8 cents. oats advanced about 1 percent.
Chicago cash grain values show wheat No 4 soft red 2.5 ons and No 2 hard red 2 407. Corn No 2 yellow 1.78 2n, oats No 2 extra heavy white 1.00n, soybeans No 1 yellow 7.72n.
Butchers and sows held steady as packing plant deliveries moved. No 2 butchers ranged 200 to 230 pounds at 34.25 to 34.75 dollars per hundredweight. No 2 sows around 300 pounds traded at 30.75 to 31.25 dollars per hundredweight.
Postville market Tuesday quotes show prime steers 44.50 to 45.50, choice steers 44.50 to 45.50, good steers 41.50 to 42.50, standard steers 40.00 to 41.00, choice heifers 43.00 to 44.00, utility cows 31.00 to 36.00, canner and commercial cows 30.00 to 35.00, bulls 40.00 to 43.00.
Slaughter steers and heifers rise 25 to 50 cents while hog prices edge up 78 cents for select weights. U.S. 13 190-250 lb feeders at 36.00 with 350-600 lb sows around 3. Catite pigs and other classes show active trade. Prime and choice slaughter cattle quoted around 43.00 to 44.25 for heavier weights with select grades near 46.00 for 875-1100 lb cattle.
Webster City Iowa cattle sale results show steer prices around 43.7 to 45.25, heifers near 42, cows 27 to 35.50, and bulk lots at 392.75 with several items noted. Undersized and larger cattle priced per weight with 1250 lb sows listed and Wednesday totals around 900 cattle.
Des Moines reports sluggish Midwest carrot trade with fair demand for town and river markets. Beef cattle mostly steady with occasional 1.00 higher bids for steers and steady heifers. Fresh pork cut trade active but uncertain demand. various loin, ham, belly, and rib prices listed, with price ranges and weight brackets indicated.
Fragmentary item notes a silver price in cents per fine ounce and a fine of 1.2 cents. Names and context are unreadable, leaving only the pricing snippet and a stray reference to a firm or person.
Wholesale offerings remain adequate to ample for large and medium eggs with demand fair at best on Tuesday. Whites Fancy large eggs 4649 Fresh medium 4%44'y Fancy smalls. Creamery butter scores 62 42 to 92 6? cents.
Prices paid for produce delivered to Chicago were about steady. Jumbo and mediums too few to report. Extra large white eggs 48 to 49 cents per dozen. large whites 46 to 48. extra large 49 to 52 cents to retailers. Standards too few to report. large 48 to 50. mediums 44 to 46.
Cedar Rapids council asked for a binding completion assurance before certifying the IE Tower as complete. Transamerica seeks a certificate now to shift financing, but exterior painting remains unfinished amid winter delays.
Cedar Rapids plans a one year study to increase capacity on First Avenue and Williams boulevard from Fiftieth Street to Highway 30. The $40 000 cost will be shared by federal highway safety funds and the Iowa State highway commission. Safety Commissioner John Oberthien notes potential widening and parking restrictions as possible steps while avoiding large right of way takings.
Heavy rains prompted a flash flood watch for eastern and south central Iowa. Reported rainfall totals ranged from about 0.6 to over 3 inches in several towns, with flood threats on smaller streams and potential major-river rises. Golf-ball sized hail struck Indianola causing damage and highway hazards. Weather forecasts called for cooler, variable conditions and diminishing precipitation by midweek.
The Cedar and Iowa rivers show mostly minor rises with some flooding expected. Cedar River levels reach 7.3 ft in Waterloo and 6 ft in Cedar Rapids, while the Iowa River is forecast to crest at 15 ft in Marshalltown and Marengo, with Wapello at 12.5 ft. The North Skunk River near Sigourney is set to crest at 18 ft, and the Mississippi River is projected to fall at McGregor and Guttenberg, easing from Tuesday readings.
Police in Rio de Janeiro investigate a scheme in which doctors and funeral home operators allegedly falsified death certificates to illicitly collect life insurance benefits.
Roger Pierce of 1444 Third Avenue SE was released on own recognizance after a municipal warrant charged him with uttering bad checks. He allegedly wrote $306 to Fordtown on Feb 21 and $37 to Pants Pants Pants on Dec 22.
The clearing house reports April 53,879,568 in total bank clearings. March clearings reached 58,180,113. April 1972 clearings were 58,478,308, and year-to-date clearings for 1973 total 227,296,434 versus 239,087,366 a year earlier.
City notices report surgical patient David Kralik at St Luke s. Mrs George Ward returns home from Mercy hospital after third degree burns treatment. Diamond Carpet Cleaners promotes rates. beauty shop ads and a library story hour announce events. Local thefts include a $145 value loss. Stolen radio scanner from Radio Shack. Local dining advertises Wednesday rib and shrimp specials at Stickney s Scoreboard.
Linn county schools must conduct shelter drills at 11 am on Wednesday during the civil defense siren test. Civil defense Director Bill Bjorenson warns of tornado season and urges using the regular test on the first Wednesday of each month for drill practice.
A cement spill from a broken chute buried construction worker Harneda Jones under concrete in Tyler Texas. Rescue workers retrieved his body. he was dead at the scene.
Dale Newell 41 of 1441 Second Avenue SE arrested early Tuesday on larceny charges for stealing a purse from Levada Cassill of 2454 Victoria Drive SW. The purse held $140, two diamond rings valued at $300 and two watches worth $140. Rings recovered. purse and contents discarded. Newell held in Linn County Jail on $1,000 bond.
The board of directors of Iowa Electric Light and Power Co declared quarterly dividends on common and cumulative preferred stock. Common stock pays 32% cents per share while various preferred issues receive amounts ranging from 53% to 2.23 per share. Dividends are payable July 1 to stockholders of record June 15.
In the District Court of Iowa Linn County the estate of Bessie Mesraare deceased was admitted to probate. Merwin G Woodward ery D Woodward and Robert O Daniel were appointed executors. Actions to set aside the will must be brought within one year from the second publication. Creditors must file claims with the district court clerk within six months from the second publication. Dated April 1973. Executors address and law firm Cedar Rapids Iowa. Date of second publication May 1 1973.
Noting the formation under Chapter 496A of the 1969 Code in Iowa the new corporation Professional Systems, Inc. is established with initial directors A Tasman Hanson Lar Hanson J W Burnside and Paul Burnside. The company headquartered in Cedar Rapids Iowa has one class of stock valued at $100 per share and an initial director board led by A Talman Hanson.
The district court announces the probate of the last will of Howard C. Park, deceased, dated May 27, 1972, with no administration. Action or publication of this notice bars any later action in the estate. Town of Serineville officials schedule a May meeting to consider a general obligation bond for a new water tank.
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