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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 07, 1973
Page
26
New York stock prices fell Monday with the Dow Jones 30 down to 947.40 as declines outpaced advances on the NYSE. American Airlines led losses among airline stocks while Winnebago dropped after announcing production cuts. broad indices across the NYSE and ASE also slipped amid inflation fears and fuel concerns.
AP reports cattle and hog prices at Central Stockyards in Webster City. Cattle 400 head, steers and heifers up to 50 higher with tops near 45.25 for steers and 44.25 for heifers. Hogs 3 to 5 higher, bulk 35.0 to 35.75, tops 33.00 for sows, boars under 350 pounds around 27.00. Tuesday estimates note 400 cattle and 900 hogs.
Soybean futures surged to a record 8.06 a bushel in Chicago as trading limits were removed on the May option. Corn, wheat, oats also advanced with gains of a few percent, while overall oilseed and grain prices climbed on Monday.
Chicago cash grain report lists No. 2 soft red wheat at 2.48 a bushel, No. 2 hard red at 2.37, No. 2 yellow corn at 1.86, No. 2 extra heavy white oats at 1.054, and No. 1 yellow soybeans at 7.88 per bushel.
The Iowa southern Minnesota hog market reports slow trade but good demand. Butchers steady with some 25 cent declines. sows steady. Prices listed for various weights from 34.25 to 30.25 per cwt and weekly totals: Monday 75,000 Friday 63,000 week ago 95,000 year ago 76,000.
Butchers were steady and sows were steady with packing plant delivery. No 2 butchers weighing 200 to 230 pounds traded around 34.50 to 35.00 dollars. No 2 sows weighing 300 pounds moved from 30.75 to 31.25 dollars.
Postville market quotes prime steers 45.00 to 46.00, choice 44.50 to 45.50, good 41.50 to 42.50, standard 40.00 to 41. Heifers 44.00 for choice, 40.50 to 41.50 for good. Utility cows 30.50 to 35.00, commercial and cull cows 30.00 to 33.50, bulls 40.00 to 42.00.
Market table lists meat futures with dates May July August February. Prices show high, low, close, and previous values for each contract alongside trading volumes.
Hogs 210 to 260 pounds sold around 34.00 to 35.75 per cwt with some 230s at 35.50. Cattle and calves trading firm to higher. steers up about 25.50, cows strong to 50 higher, feeders steady. High weight loads near 1,200 to 1,250 pounds quoted 46.40 to 46.50, with various ranges for late-year lots and utility grades mixed across the market.
Silver prices edged higher in New York as Handy and Harman reported a 225 cent per fine ounce close, up 0.8 cent from the previous session, reflecting modest gains in the market.
UPI report from Sioux City notes active trade with slaughter steers and heifers up 50 to 1.00, choice 1050 to 1250 lb steers at 44.75 to 45.75, and choice prime 1050 to 1200 lb steers at 46.00 to 46.10. Barrow and sow prices show hogs 25 to 75 cents, sows steady to 50 higher, U.S. 350 to 400 lb sows at 31.50 to 32.00, total hog volumes around 600. No heifer price reported.
UPI reports wholesale selling prices from USDA for Chicago. Eggs prices paid to producers are steady in Chicago, with retailer prices for Grade A eggs delivered in cartons: extra large 48 to 5?. large 47 to 49. mediums 44 to 46.
Butter prices in New York held steady with USDA data showing 93 score unquoted and 92 score at 62 cents. Wholesale offerings mixed as demand fluctuates Monday. Whites ranged from fancy large 44 to 48, fancy medium 42 to 44, fancy smalls 35 to 37.
A roundup of small-town crime and community notices lists multiple thefts at Shaheen's tavern, a garage seized fishing gear, lawn mowers from Horak's center, and a stereo from Murray Hall. Other items include hospitalizations at Mercy and recoveries, plus various ads for business openings, Mother’s Day promotions, and club meetings. Names, addresses, and venues appear throughout with details on timeframes and locations.
Cedar Rapids hog prices moved steady to 25 cents lower Monday with Saturday deliveries for 200 to 230 pound butchers at 34.25 to 35.00, sows 31.00 to 31.50 for 300 pounds down, and lighter and heavier hogs priced down on weight. Sheep prices show choice to prime lambs at 30.00 to 33.00 with grain values listed for corn soybeans oats and cattle bids across standard utility and commercial classes, plus weight-based discounts for over fat cattle.
An Iowa City woman, Darcella D. Davis, 20, was arrested at Cedar Rapids airport on charges of disturbing the peace and refusing to pay a $1 boarding charge after attempting to board multiple flights and refusing to leave or stop harassing attendants. She is held in Linn county jail in lieu of $110 bond on each charge. Airport Manager Roy Jamerson said the arrest was prompted by the disturbance, not the boarding charge. Four others who refused to pay the $1 charge were issued summonses.
DES MOINES The Iowa senate opened debate on a measure to tighten the unified court law delaying its effect until July 1. Sen James Schaben then called a closed Democratic caucus, the first secret meeting since he opened caucuses to reporters. The bill SF 477 faced amendments to fund bailiffs and deputy clerks from the county court fund, with House HF 585 offering 15 percent of fines to backstop expenses.
Albert R. Hill, 47, of 117 Eleventh Street SW, charged with operating a vehicle without registration, driving while license suspended, driving to the left of center, and intoxication. Linn deputy arrested Hill in Cogg on Sunday. Released from county jail after posting bond.
A Linn district court jury verdict finds Rudolph Ashbacher liable for a fall on a Walk at the Link-Belt Speeder plant on December 22, 1969. Ashbacher claimed Whitters Turf Farms failed to remove snow and ice per contract. Jury reached verdict within hours with Cedar Rapids and nearby locals serving as jurors.
MorAmerica Financial Corporation sells ten year registered debentures due November 30 1982 at 7 percent with semiannual interest to Iowa residents. The Morris Plan Securities Company promotes these with a $1 500 000 issue in Cedar Rapids and prospectus copies available. Also 3 year investment certificates offer 6 and a half percent with semiannual or monthly interest options for Iowa buyers, from $1000 to $5000 investments with monthly payments of 26 05.
John N Drilling, 20 from Cedar Rapids, received six months in county jail after pleading guilty to a reduced lewdness charge. He faced sodomy charges tied to a January 12 incident with an 18 year old Cedar Rapids woman. Sentencing occurred in Linn District Court before Judge Ansel Chapman.
State Bank No 194 reports Brenton Bank and Trusts condition as of May 2 1973 in Cedar Rapids Iowa. The statement lists assets including cash 282536.29 US Treasury securities 100250.23 and loans 1827728.98. liabilities show deposits 2001275.66 and a loan loss reserve 477.00. equity totals 3119706.40 with memoranda on averages and unearned discounts. Executed by Donald C Nebergall Robert L DeMeuier and J Zachar Jr with notary.
Legal notice to all interested in the estate of Dessie A. Owens in Iowa. Boyd Owens appointed executor. Actions to set aside the will or codicil must be filed within one year from the second publication. Creditors must file claims within six months from publication. Dated April 24, 1973.
Sealed bids for furnishing audio visual equipment and supplies will be received by the Coordinator of Cooperative Purchasing of the Joint County School System Linn County Iowa at the office in Cedar Rapids until 9 00 a m on May 15 1973. Bids may be mailed or delivered and must meet the specifications in the bid list. The district reserves the right to reject any or all bids or to waive formalities and to award contracts to the lowest responsible bidder in the best interest of the Joint County School System. John H. Cordes Director Research and School Services Date of second publication May 7 1973.
In Linn County District Court the will of Mary Ellen Burns dated March 23, 1970 was admitted to probate on April 24, 1973 with no administration planned. Persons objecting must file within one year from the second publication, or be forever barred. Perry, Sr Clerk of the District Court White Stone and Horan appear for the estate.
Linn County Board of Teaviews to hold a public hearing on May 29 1973 in Cedar Rapids Iowa about the proposed North Vorie County Road between Sections 20 21 86 5 Boulder Township Linn County near the east corner NE 4 Sec zedi to intersection of E W County pad W G Harrington PLE Linn County Engineer directs notice.
Thirty years ago the navy announced the occupation of Amchitka Island in the Aleutians providing American airmen with a base just 63 miles from Japanese-held Kiska.
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