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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 17, 1965
Page
19
The New York stock market closed sharply lower on Monday as blue chips dragged the averages down amid weak trading. Du Pont fell over 6 percent after directors offered no stock split, with total volume around 5.3 million shares.
Brief items note City events at East Side Kiwanis Noon on Tuesday, with Town House scheduling. Additional lines reference Pergate investigations and property protection efforts. Contact Michael 4 and Kelly at 382-0932 for advices.
Michael Evans named to the Northland College dean's list in Ashland Wisconsin. Verle T Allen wins fourth place in a Marion Canopus Club event. Memorial and service notices for Elma Wood and Elmer Glick appear, along with various local meetings, sales, ads, and community announcements from Marion Ohio.
John E. Williams, 19, of 1411 Tenth Street SE, was fined $100 and costs for leaving the scene of an accident after his car struck a sparked car in the 1000 block of Tenth Street SE Friday at 9 55 p.m. He could not pay the fine and was jailed to begin a 30 day alternative sentence.
AP data from Chicago show Tuesday slaughter estimates of 24 cattle, 6 000 hogs, 300 sheep. Hogs decline modestly to 95 lower with top at 22.50 while cattle and steers move mostly steady with some prime lots selling near 29.75. Sows and heavier hogs range 16.50 to 19.00 and 13.50 to 15.00 for boars. lambs and sheep remain steady with spring lambs around 27.50 and ewes near 24.00.
Demand described as good with butcher demand uneven yet steady. Sows mostly steady or below Friday values. Estimated receipts Monday 65 000. Week prior totals and ranges listed for various weights and carcass categories across U S markets.
Iowa highway commissioners received a 1,000 dollar annual raise to 8,000 dollars for a part time job as part of a 42 million dollar yearly appropriation for administrative expenses approved 44 to 0 by the senate. The measure moves to the house. The bill also includes 40. year to create an office of business administrator per last year's legislative committee recommendation and 2,068,000 dollars for the biennium starting July 1 for capital improvements. An objection arose over a 68,000 dollar item to buy a twin engine airplane for the commission.
Receipts 8,000 head as trade stays active. Steers and heifers mostly steady to 25 cents higher. High choice prime steers 26.75 to 27.00 per cwt. Large lots of 1 090 to 1 275 pounds. Heifers 25.25 to 26.00 per cwt.
Prices on the Cedar Rapids hog market were weak to 25c lower Monday. Bulk 200 to 930 lb butchers sold 19.79 to 20.00 with sows 17.20 to 17.50 for 300 lb. weights. The text notes grade and plant delivery, with weight-based price reductions for butchers and packers.
Moderately active selling dominated the grain futures pit in Chicago as Monday trading opened. Wheat, corn and soybeans slipped with demand slack. soybeans fell about 15 to 15 cents, wheat 1 to 2 cents, corn 1 to 5 cents, oats 4 to 6 cents, and rye rose slightly amid the broad weakness.
Chicago cash provisions list Wheat No 2 hard Sidzlun No 2 red 1 49 per bushel Corn No 2 yellow 1 39 No 3 yellow 1 35 No 4 yellow 1 34 34 sample grade 3 337 Oats No 2 heavy white 77n Soybeans No 1 yellow 2 89 4n Soybean oil 14 52n
UPI reports in Omaha cattle market receipts of 15 400 with calves 400. Trade steady to weak for most grades as steers hold near steady on better grades while other grades slip up to 25 cents. High choice and prime lots appear among loads for 27.00 with headers around 24.50 to 25.50 and most choice 950 to 1 050 pounds.
AP report outlines wholesale prices for poultry butter and eggs in Chicago with steady to barely steady trends. Feeders like White Rock fryers show slight changes while potatoes show arrivals and on track shipments with regional price quotes for long whites and round reds across states.
AP report from USDA notes moderate demand in New York wholesale market for fresh cartons and creamery items with mixed scores. Eggs show abundant supply with light demand and various quality grades listed including extra fancy heavy weight and peewees, while Spam is briefly referenced in the pricing jargon.
Cedar Rapids police pistol teams won two trophies at the Bettendorf Spring Pistol Match. The No 1 team placed second in expert with Sei Judd Longerbeam and Capt Gareth Clift Det Leland Meikle and Det Raymond Baker. The No 2 team won marksman with Capt Arthur Zimmerman Clint Farrington Lynn Fanbore and W B Garrett. Meikle was third in sharpshooter and Chit won marksman.
A 700‑lb Holstein heifer owned by Victor Schrake was struck and killed by a car six miles south of Rossville on Highway 13 while taking a 59‑cent bottle. The Wisconsin driver, from a local drug store, was not injured.
Four drivers from Cedar Rapids Steel Transportation Co. Inc. received national safety awards for accident free driving in 1964. Each logged over 80,000 miles. Don Tiegen of Cedar Rapids, Clifford H. Reed of Riverside, Ed Madden of Coralville, and Clarence P. Koenig of Dubuque were honored at CRST's May safety meeting. The awards are supplied annually by the Truck Insurance Exchange of Farmers Insurance Group.
Rollie Lloyd Fish, 49, of 106 Third Avenue SE, received a 30 day suspended jail term after pleading guilty in municipal court to shoplifting. He faced a charge tied to an alleged theft attempt.
The reader asks about starting a $20 monthly plan and whether Pan American World Airways or Minnesota Mining and Manufacturing are best. The advisor notes a $40 minimum monthly plan, explains commissions are dollar-based, and that both stocks pay quarterly dividends, allowing returns with the next payment.
Two Iowa Supreme Court justices, Henry K. Peterson of Council Bluffs and G. K. Thompson of Cedar Rapids, asked to keep office items after retiring June 30. The state executive council allowed only a chair and robes, instructing them to leave desks, typewriters, lamps, and books with the state.
The Cedar Rapids United Community Service received a $113 349 grant under the Economic Opportunity Act of 1964 via telegram from Sargent Shriver. Conditions include personnel policy rules, board representation, bonding requirements, a letter of credit, and CPA verification before funds are disbursed. The governor’s consent is treated as a formality.
Notice of probate of the will of Nellie Edith Sablin dated December 9, 1959 in Linn County District Court Iowa. Merchants National Bank and Mardella Wratten named executors warn creditors to file claims within six months of second publication or be barred and debtors to pay promptly.
A thief dressed as a monk swapped a copy for the original valued at $100,000 by the Flemish master van Schoorel at the Doria Pamphili gallery in Rome.
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