Rails Rally Lifts Stocks Amid Market Upswing
Stocks closed slightly higher led by rail shares and non ferrous metals as investors priced in a possible presidential panel finding a path to avert a strike. Volume reached about 4.9 million, with several issues edging up and only modest losses among others.
MENTIONED IN THIS ARTICLE
New York
Rails
Northern Pacific
Nickel Plate
Great Northern
Hick opposes Hungarian relations normalization
Senator Hickenlooper said there is no justification for restoring U S relations with Hungary. He criticized reports that the State Department might shift its stance to win support in the United Nations General Assembly to credential the Hungarian delegation. He cited bloodshed and the use of communist troops to justify the breach and the regime’s continued control.
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Washington
Hickenlooper
A-Iowa
U.S
Hungary
State Department
Department
U.N. General Assembly
U.N
Japanese sitdown protests at Itazuke over F 105 jets
About 100 Japanese workers staged sitdown demonstrations at two locations near Itazuke air base protesting the stationing of U S F 105 jet fighters in Japan. The protesters are part of the Joint Struggle against the Japan U S Security Treaty.
MENTIONED IN THIS ARTICLE
Tokyo
U.S
Itazuke
Japan
Hog and cattle price estimates show declines on Wednesday
Chicago reports official receipts of 10 000 cattle 6 000 hogs 300 sheep with hogs 25 to 50 cents lower and slaughter steers steady to 25 lower. Hog prices ranged from 12 75 to 16 00 per cwt across weight classes while cattle offerings included 950 to 1 150 lb steers at 21 00 to 22 75 and 1 200 to 1 300 lb loads at 22 00 to 22 50. Sheep prices held mostly steady with spring lambs 25 00 and ewes 4 00 to 5 50.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Live cattle market report from Des Moines exceeds prior week
Des Moines cattle market shows steady to higher prices with estimated receipts at 65 000 and Monday sales at 86 000. Trade ranges include U S 1 3 to 14 0 per cwt for 200 240 Ibs and mixed grades for 270 300 Ibs, with sows 270 550 Ibs quoted between 11 00 and 13 75.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
U.S
Omaha Livestock Cattle Prices Mixed as Trade Opens
Receipts 8,500 cattle with calves 25. Trade slow with early sales steady to weak for steers and slowly opening for heifers. Load around 1,225 lb steers in upper grades brings $22.25, early sales good and choice 950-1,200 lb steers $20.25 to $22.00. Early good and choice heifers about $20.00.
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Omaha Livestock
Omaha
UPI
Joux City cattle receipts ease as prices slip
UPI reports dull cattle trade in Joux City with steers and heifers mostly 25 cents lower than Monday. Choice 1,100 lb steers about 22.00, 950 to 1,100 lb 21.00 to 21.75. Heifers 850 to 1,075 lb around 21.20 to 21.75. A few loads of higher quality cattle noted.
MENTIONED IN THIS ARTICLE
Joux City
UPI
Geornee
Cedar Rapids Hog Market Steady Prices Reported
Prices at the Cedar Rapids hog market show steady movement with Monday bids for butchers 200 to 230 pounds at 13.00 to 14.00 dollars and some at 14.15 dollars. Bulk of 1s and 2s range 13.50 to 14.00 based on grade and plant delivery. Packing sows 300 pounds and under range 12.50 to 13.50.
MENTIONED IN THIS ARTICLE
Cedar Rapids
May Wheat Dips as Liquidation Hits Expiring Contract
Chicago May wheat prices fell on Tuesday amid stop loss selling and broader liquidation. Traders noted diminished open interest in the expiring delivery and a cautious withdrawal from the contract as prices finished largely steady to lower across grains with corn and oats showing mixed moves.
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Chicago
Chicago cash provisions report
Chicago market notes show no wheel oats or soy bean sales. Corn prices listed as No 2 yellow $1.222, No 3 yellow $1.2194, No 4 yellow $1.201, sample grade yellow $1.17. Soybean oil quoted at 94b 9% ea. Barley prices given as making choice $1.23 1.30n and feed $1.00 1.08n.
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Chicago
Wholesale prices steady across poultry eggs and produce
Chicago AP reports wholesale poultry prices holding steady with roasters at 23 1 2 to 25 cents and White Rock fryers at 19 c. Utter and egg prices mixed steady with whites at 28 1 2 cents and mediums 25 1 2 cents. Potatoes show arrivals 100 on track 235 with old supplies dull and slow demand. Red River Valley round reds priced at 1.80 to 2.00 per 50 lb sack and California long whites at 3.65 per unit. Arizona round reds 4.25 and Florida round reds 2.00 to 2.05 per 50 lb sack.
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Chicago
USDA
U. S
Red River Valley
California
Ici
Arizona
Florida
Butter market report from New York shows ample supply
AP dispatch notes butter supplies on top grades and low grades are ample with light demand. Prices listed for various weights show extras at 29 30, extras medium at 23 23, standards at 28 26.5, checks at 24.2 25.2 cents per pound.
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New York
USDA
Should I Sell IBM as Part of a Balanced Portfolio
Investors' Guide adviser Sam Shulsky discusses a 54 year old near retirement with a large IBM holding of 370 shares plus smaller positions in Kelsey Hayes Anaconda Westinghouse and others. He notes IBM’s strong long term track record and dividends but cautions that a $134,000 concentration in one stock compared with a few thousand dollars in multiple others reduces diversification and IBM's volatility warrants portfolio balance.
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IBM
Kelsey Hayes
Anaconda
Westinghouse
Traffic jam defined as more cars than road space
A traffic jam is described as a condition caused by more miles of cars than miles of highway available, illustrating the imbalance between vehicle quantity and roadway capacity.
Meeting of the Cedar Valley Rocks and Minerals Society
The Cedar Valley Rocks and Minerals Society holds a meeting on Wednesday at 7 30 p m in room 14 of the Cee College Science Hall. The item notes a variety of local notices including ads and events.
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Rocks and Minerals
Cedar Valley Rocks and Minerals Society
Cee College Science Hall
Iowa National Mutual elects directors at annual meeting
William C Crawford Howard Hall and Ray J Mills were re elected to the board of Iowa National Mutual Insurance Co at the annual meeting Tuesday. Other board members include S E Coquillette S C Dows Harry D Durham G W Hopkins J C Rice and John B Turner II. The company announced initial machine rating and writing of automobile policies May 8 under President G W Hopkins with policies written for Iowa Kansas Nebraska and South Dakota and expansion planned. Officers listed include Ray J Mills as chairman and G W Hopkins as president and general manager.
MENTIONED IN THIS ARTICLE
William C. Crawford
Howard Hall
Ray J. Mills
Iowa National Mutual Insurance Co
S. E. Coquillette
S. C. Dows
Harry D. Durham
G.W. Hopkins
J. C. Rice
John B. Turner II
G. W. Hopkins
Iowa
Kansas
Nebraska
South Dakota
Paul H. Darling
Walter A. Greiner
R. P. Lehman
H. E. Olerich
G. J. Starman
Robert S., Wray
Richard H. Durham
R. S. Edison
Ray J. Meyer
C. R. Armentrout
H. O. Cutler
Frank Elias
Penick and Ford Declares 20 Cent Dividend
The Penick and Ford board of directors met Tuesday and declared a dividend of 20 cents per common share to stockholders of record on May 24, payable July 14. The company announced the payout while detailing the record date and payment date.
MENTIONED IN THIS ARTICLE
Penick and Ford Board of Directors
U S Considers Withdrawing Haiti Recognition
A State Department spokesman said the United States is discussing with Latin American nations the possibility of withdrawing recognition of Jean Claude Duvalier's Haitian regime.
MENTIONED IN THIS ARTICLE
Washington
State Department
U.S
Duvalier
Haiti
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