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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 09, 1967
Page
22
US market notes show cattle and hog receipts for Wednesday, with hogs steady to 50 higher and butchers up to 50. Beef cattle mostly higher, slaughter steers firm to 25 higher, with scattered prime and choice lots.
Iowa market notes show Cedar Rapids hog prices 25 to 50 cents higher on Tuesday. Monday bids for 200 to 220 pound butcher stock were 20.25 to 20.75. packing sows 17.50 to 18.00. Cattle prices list prime steers at 324.50 with various grades. grain and sheep values also reported alongside wool and egg figures.
Washington AP says former President Eisenhower is progressing satisfactorily but confined to bed most of the time at Walter Reed Army Hospital. He was admitted over the weekend for a presumed gastrointestinal ailment and is receiving supplemental intravenous fluids. His only visitors are immediate family.
Grain beat shows Wheat mixed and closes lower. Corn also eases while oats hold. Reports list price quotes for Wheat No 2 hard and red, Corn No 2 yellow, and Soybeans. Chicago cash grain and agricultural produce prices noted. Local events include a Concert at Wilson Junior High and Chinchilla Breeders meeting in Marion. ads for products and services appear.
Quaker Oats Co. reports nine month profits of 13.172 million dollars up 2.7 percent from the previous year with 3.17 dollars per share. Sales reached 421.104 million dollars, up 13.3 percent from 371.547 million. The third quarter benefited from progress on new grocery products while expenses rose earlier. A tentative sale of the Sioux City feed mill to Cargill's Nutrena Feeds is noted.
Iowa National Mutual Insurance Co announced record set totals at its 58th annual meeting in Cedar Rapids. Surplus rose to 7.02 million, assets to 28.6 million, and reserves to 21.6 million. Premiums written climbed to 28.4 million with underwriting gains of 6.7 and 7.3 percent. Directors Sutherland C. Dows Harry D. Durnham Howard Hall reelected. promotions included Frank Elias to VP and Louis B. Weiss to resident VP Orlando Florida branch manager.
Dubuque, AP. Douglas Hodgson, 20, son of Mr and Mrs Ralph Hodgson of Dubuque, was killed Saturday in Vietnam. A 1965 Dubuque High School graduate, he entered the army last August and had been in Vietnam since January as a member of the 1st armored regiment.
Martinson Grading and Sod Ding Co reported a $40 microphone stolen over the weekend from a backhoe parked at a construction site in the 1100 block of Wilson Avenue SW.
The Iowa house moved into committee to discuss HF 702 a bill to raise up to 150 million dollars annually for a Petersen school aid plan. Proposals include raising the state sales tax to 3 percent expanding the income tax rate, replacing the corporate tax with a 3 factor formula and adding a 4 percent surtax on intangibles. The chamber paused for lunch after debating amendments and expects further action in days. Nick Adams appears on The Joey Bishop Show Tuesday at 10:30 PM on Channel 9 COLOR.
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