Stocks Close On Big Gains In Market Rebound
The stock market rose sharply on Tuesday after three straight declines. Trading volume reached about 5.1 million shares as prices climbed from the opening and gained momentum throughout the session.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 25, 1965
Page
20
The stock market rose sharply on Tuesday after three straight declines. Trading volume reached about 5.1 million shares as prices climbed from the opening and gained momentum throughout the session.
Linn-Mar school board discussed trimming the 1969 66 budget as enrollment rises with an expected 235 additional students next year. Superintendent James A Bayne said the district will add two teachers adjust salaries and purchase four new buses while equipping new building additions.
Chicago dealers report Wednesday receipts of 9,000 head of cattle and about 6,000 hogs with slow demand. Butcher hogs sold as much as 50 cents per hundredweight lower. best quality offerings barely at $22.25. Slaughter steer trade was active with high option and prime near $28.75–29.00, while lighter classes showed softer spots amid varied demand.
Prices on the Cedar Rapids market Tuesday were steady to weak with Monday bids for bulk 200 to 230 lb butchers at 20.00 to 20.25. Packing sows at 300 lbs were bid 17.50 to 17.75, based on grade and condition delivered at the plant. Butchers are 25c less per 10 lb up to 300, Packers are 2c less per grade 300 to 400, 50c less per weight group to 500, and 76c less per group over 600.
Paris AP reports six men tied to a secret army ring were arrested over plans to kill President de Gaulle with a booby trapped flower pot and later a statue of Georges Clemenceau during Western France tours. The group allegedly intended to trigger an electronic bomb by radio at Sainte Hermine and Toulon ceremonies. authorities say the devices failed or were not activated.
Mrs Bob Downey was chosen president of the St Josephs Home School Association for the 1965 66 school year. Other officers include Jack McCallum vice president Mrs Mike Collins secretary treasurer and board members Mr Mrs L J Kregel Mr Mrs Del Roth and Mr Mrs Joe Sindelar. Five women received certificates for completing the Junior Great Books course led by Mrs James Herring Mrs William Dean Mrs John Currell Geraldine Scanlons and Mrs John Dedich.
Marion city council acted on planning guidance and resident petitions to remove Brockman avenue west of Tenth street from the major street plan. The move follows a suggestion to seek an alternate route and impacts traffic connections to Boyson Road and Cedar Rapids.
UPN cattle market notes active slaughter steers and heifers strong to higher prices. Calves absent. Slaughter steers and heifers mostly in high choice ranges with various lot weights. Two loads priced around $27.50 and $26.75 for chosen weights. Multiple lots, including 1,090 to 1,275 lb cattle, show strong demand.
Gov. Harold Hughes signaled a possible veto of a bill to fund property tax relief for low income elderly and disabled residents. He demanded cost details and funding sources before supporting the measure, noting Iowa’s large elderly population and likening the bill to “writing a blank check.”
In Chicago the grain futures market saw active demand as hopes for sizable grain sales to Yugoslavia and Hungary supported wheat and soybeans. Soybeans rose about 3 4 cents, wheat up around 5 percent, corn steady to 4 higher, oats up 4 to 4 1/4, rye 1 to 4 higher.
Chicago AP notes wheat prices for No 2 hard and No 2 red around 1.44 per bushel, corn No 2 yellow at 1.37, No 3 yellow 3.23, oats No 2 heavy white 0.73, soybeans No 2 yellow 2 to 2.80, and soybean oil near 10.15.
Wholesale produce prices hold steady as demand remains firm at Chicago with strong potato arrivals and limited old supplies. New York eggs and butter show steady demand with varied prices across weights and formats.
First National Bank promotes a vacation club with a 1966 start date offering members potential savings and plan options. The brief ad urges sign ups to enjoy planned trips and seasonal benefits.
The body of Mrs. Howard Hasley, 38, was found by her husband near Diamond Lake west of Montezuma. Dr. Thomas Brobyn ruled death a suicide from carbon monoxide poisoning. She worked at the Farm Bureau office in Brooklyn and is survived by her husband and four children. Body at Bramer funeral home.
Phyllis King 27 of near Muscatine died in University hospitals after a week of injuries from a two car crash on highway 22 near Muscatine Sheriff Dick Oppelt said King pulled out to pass a semi truck and struck John Shetler 32 of Muscatine. Injured were Wilma Moyers 23 of near Wilton and her son Rory Fake 5, passengers in Shetler’s car.
In Des Moines municipal judges Loren Hullager and Howard McLaughan seek a 3200 yearly raise if an appropriations measure passes. The plan ties municipal salaries to 30 percent of district court tops, boosting district judges to 18000 and municipal to 14400, with failed raises for supreme and other district judges. The bill awaits House approval before Gov. Hughes acts.
Cedar Rapids reports multiple enlistments and assignments. Michael Krantz and Charles Oliver Jr enlist for Marines and head to San Diego for basic training. Pamela Briggs joins WAVES for training in Bainbridge Maryland. Ronald Betz joins Navy general field and goes to San Diego. Steven Moravec promoted to Specialist Four and serves with the inspector general in the Seventh Army in Germany. Various air force and navy personnel on leave or transferring between bases are named with home addresses and duties at Wheelus Libya Hunter AFB Georgia Beamsfield California Glynco Georgia Camp Lejeune Hawaii and the First Marine Brigade Hawaii.
The message advertises a weekday news block airing Monday through Friday at 5 30 on Channel 9. It highlights a scheduled time for daily broadcasts and promotes the channel as the source for early evening updates.
DES MOINES AP The senate rejected by voice vote Tuesday the house changes to a seasonal liquor license bill. The bill, as passed, would permit six to eight month licenses for seasonal venues such as resorts. House amendments included one day licenses for conventions at 75 dollars and Sunday parties at licensed sites. The move sends the measure back to the house.
The District Court of Iowa Linn County receives a petition by Sary L Matthes for a complete and absolute divorce from Janet Matthes on grounds of cruel and inhuman treatment endangering health. Janet Matthes must appear before the Cedar Rapids court by June 17 1945 or face default. Attorney R J Fassler of Cedar Rapids Iowa represents the plaintiff.
The county cautions John Meyer and all others that the right of redemption on a Linn County Iowa real estate parcel in Spring Grove Township expires ninety days after service of this notice. The property, described as SE SW Section 4, Township 4, Range 7, was sold for delinquent taxes for 1946 47 48, and a certificate of purchase is held by Linn County. The county auditor Charles T. Werner signs this notice dated May 8 1945.
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