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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 08, 1957
Page
2
Chicago market notes show hogs closing 15 to 25 cents higher with receipts of 7 000 head. Cattle demand mixed with calves and steers uneven, some prime and high choice lots sold. sheep steady with prime spring lambs around 25.50. Grain quotations provided by Lamson Brothers.
New York stocks rose slightly as buyers returned midweek with higher volume on the tape. Commodities and hog prices showed volatility with cattle and grain notes scattered among the market reports.
Company notes adjustments following stock splits and dividend actions at Stenderd and Poor Morris Rat. Details indicate reallocation of shares and value changes for investors. No additional market events are cited in accompanying text.
Chicago grain prices closed steady to firm with old wheat up 2% and May at 2.18. May soybeans around 2.04 with slight changes, corn near 1.29, oats advancing to around 0.344, rye modestly higher, and lard sliding to about 12.77. Provisions listing show mixed quotes for corn, oats, soybeans, and meal.
Receipts Wednesday about 50 000 head with week ago 144 000 and year ago 50 000. Trading fairly active. Butchers up 15 35 cents. sows steady to 35 cents higher. Top hog price 18 40 for Barrows and gilts, various weight ranges listed with steady to higher values across categories.
At Omaha cattle market receipts 7,000 with calves 100 and fed steers mostly steady to 25 cents higher on choice, cows steady to strong, bulls steady to weak. Prime fed steers around 24.75 with most choice steers 21.75 to 23.50. heifers 18.50 to 19.50. utilities 13.00 to 15.50. canners 11.25 to 12.75. Sioux City receipts 4,000 show steady to higher on steers 22.00 to 23.00, cows 13.50 to 15.50, canners 11.00 to 13.00.
The report notes Plymouth Rock and broiler prices steady with varied wholesale lines. Cheese prices show steady grade A Swiss and other varieties with current receipts and shipments estimating moderate to current demand.
New York AP USDA market update notes bread receipts at 13 000 with prices unchanged. Eggs unsettled with receipts 19 100 across sizes including large eggs 48 pounds at 31 32 cents and extras 30 31 cents. standards large 28 percent? plus checks and other small entries.
The Iowa Electric Light and Power Company board announced dividends on common and preferred stock with payments set for July 1 to stockholders of record June 15. The report includes 37 percent cents per share on common stock and 60 cents per share on 4.80 percent cumulative preferred stock plus 53.4 cents per share on 4.30 percent cumulative preferred stock. The text also notes Franklin starting the first circulating library fire department and police force in 1731.
McKinley high school ninth and tenth graders present a spring vocal concert in the McKinley auditorium Friday at 8 p.m. featuring solos duets and mixed double quartet numbers by eighth graders, directed by Betty Debban with Michael Sproston at the piano. About 110 students perform selections including Sourwood Mountain You Are Love Indian Love Call Old Folks at Home and Getting To Know You among others.
The Joyce Kilmer reception center at Camp Kilmer will close Thursday after guiding about 32,000 Hungarian refugees since last fall. The remaining roughly 50 refugees will move to the St. George hotel in Brooklyn as the new stopover for Hungarians en route to homes in the United States.
The Marion school nurse Betty Smith released the roundup calendar for children entering Marion schools this fall. Dates run May 13 to May 16 at Lincoln Irving Emerson Longfellow and Washington with 3:30 p.m. arrivals at the nearest school. Enrollment age is five by November 15.
In Cedar Rapids Tuesday afternoon two women sustained injuries in a two car crash at Sixteenth street and F avenue NE. Mrs. George Loehr 19 Ingleside Addition SW suffered back and neck injuries while Dorothy Greer 206 Twenty second street SW received minor bruises. Police say Greer rear ended the Loehrs car after he halted to fasten a hood latch. Greer was fined 100 in municipal court but the fine was suspended.
Fire destroyed one garage and damaged two adjoining garages Tuesday evening. Robert DeBont of 1438 Fourth avenue SE owns the three garages at the rear of his home. A new auto belonging to boarder Glenn Harris was damaged. Engines 1 6 and aerial truck 2 extinguished the blaze from an undetermined cause. DeBont did not estimate the loss.
Mrs. Jack F. Ringland was elected president of the Iowa Dental Hygienists Association at the convention in Des Moines. Germaine Johanningmeier was named secretary, the organization announced as the convention ended Wednesday morning.
Milwaukee A 250 million backlog of orders, highest in peacetime, was reported at Allis-Chalmers annual meeting by president R S Stevenson. He said the orders mainly covered heavy electrical generating and transmission apparatus.
B J Hansen 87, Wyoming banker and retired farmer, died Tuesday night. He moved to Oxford Junction after farming ended in 1928 and served as director of American Mutual Farm Insurance, vice president and director of Citizens State Bank of Wyoming, and trustee of Oxford township. Surviving: two sons August and Irvin. two stepsons Harrow and Louie Ingwersen. four daughters Minnie Schrader Amosa, Mrs Tom Cunningham Cedar Rapids, Marie Ledvina, Anna Sobotka, all of Oxford Junction. Services Friday at 1 20 pm at home and 2 pm at American Lutheran church with burial in Oxford Junction.
Loyd A. Smith of Central City suffered a broken left shoulder on Friday after falling from a ladder at a Cedar Rapids plant while at work.
Five new directors were elected for the Commune Chest Corporation at the annual meeting in Iowa City Tuesday night. Arlyn Marks George MatherDr Charles Schleichter Ben Summerwill and George Stevens were named to the board. There are ten hold-over directors.
Des Moines hosts a spring conference of 55 REA financed electric cooperatives. Henry Lenning of Humboldt presides at the opening session as president of the manager's section. The event runs through Friday.
Actress Bette Davis headlines Strand ed on TELEPHONE TIME airing Thursday at 9 00 PM on Channel 9 with entertainment and suspense for evening viewers.
President Eisenhower declares Ngo Dinh Diem a patriot who has bolstered Southeast Asia defenses. He personally greets Diem on arrival at the airport with full military honors aboard the Columbine II, and cites three days of talks to strengthen U S Viet Nam ties. Diem thanks the President in a French accented English.
Governor Herschel Loveless announced a ten day old investigative effort into the Iowa Highway Commission amid reports of bid padding. He disclosed outside experts on the panel, not FBI, with some federal affiliation possible. Legislation already created a separate probe into election practices and parties.
Emil Bednashek 71 lifelong Solon resident died Tuesday after a long illness Born December 26 1885 he married Ann Urbanek November 1 1911 He served as town marshal for 11 years and school custodian for 12 He is survived by his wife a son George and four sisters Services Thursday at 2 pm Brosh funeral home Solon burial in Oakhill cemetery Friends may call at the funeral home
Classified notice details ad dimensions and pricing options for a one day placement. Includes line counts and rates for various column lengths and formats with abbreviations and unclear terms.
A dense ad fragment list shows lost and found notices, personals, memorials and sales items. Names such as The Gazette and Novak Monument Company appear among notices. items include a Siamese cat, a brown dog, a blue purse, watches and jewelry sale announcements. The text indicates community classifieds with addresses and contact numbers and a no-liability clause.
In Iowa City a Regina high school construction site faced picketing by Teamsters Local 238 members alleging non union drivers and substandard wages. Frantz Construction reported 30 workers on site with footings 30 percent and foundation 20 percent complete. Melvin J. Smith declined comment. Nino Valdes vs Johnny Holman boxing on Channel 9 Wednesday night.
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