Hogs and cattle prices drop on large US hog supply
Chicago AP reports hogs mostly off 25 cents with large supply and some 240 lb hogs 50 cents lower. Slaughter steers steady to 50 cents higher as active trade continues. Calves and sheep show mixed price ranges across weight classes. several loads noted in the 1,000–1,350 lb steer category and 950–1,350 lb heifers. Industry notes include a brief on National Defense Education Act and Swiss market drop comments.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Livestock
USDA
Omaha Livestock Omaha
QPIKA
Soc Ip
C. R
Cedar Rapids
Wis
Adedium
Old Bucks
Wool Sc
Stock Turnover Reaches 12 Million in Busy NY Session
New York stocks closed higher on Tuesday with turnover estimated around 12 million shares, the second or third largest volume on record. The gain followed Monday’s 9.35 million, the heaviest since October 28, 1929, as per Dow Jones Averages data furnished by Francis J. DuPont & Co.
MENTIONED IN THIS ARTICLE
New York
DOW Jones
Francis J. DuPont & Co
Merchants Bank
N. 4
Jume
Manaser EM
St Patrick's school missing billfold prompts police alert
A report from Sioux City notes Jerry Dedek, 21, said his daughter's billfold containing $10 disappeared at St Patrick's school. Police were informed Monday as residents brace for Memorial Day bowling events at local lanes.
MENTIONED IN THIS ARTICLE
Bitlfold
Jerry Dedek
Fourth Avenue SW
Idanehter
St. Patrick's School
Chicago Produce Prices and Local Notices
Wholesale and market notes for Chicago include wholesale prices on turkey and sprouted chickens, butter and eggs pricing, potato arrivals and russet/round red trends, California long whites and other produce lines. Recap of local notices: Mrs. William Hemmer recovering after surgery in Rochester Minnesota. rugs stolen from Sunrise Laundromat. Donald E. Rebak elected secretary of Rho Chi at University of Town. Grain markets show uneven closes with mixed wheat corn oats and soy results.
MENTIONED IN THIS ARTICLE
Chicago
USDAI
Vienishers
California
Adab
Donald E. Rebak
Bowling Street
Rho Chi
National Pharasmaceutical Honor Society
The
University of Town
Analysts Discuss Market Action and Tax Reform Options
Dillon says no government controls on prices or stock buying amounts and notes Fed discretion. Hodges urges decisive tax overhaul and early depreciation revision to boost confidence. Funston from the NYSE downplays panic, attributing selling to profit protection and Kennedy steel clashes.
MENTIONED IN THIS ARTICLE
Dillon
Federal Reserve Board
Salk
Secretary of Commerce
Hodges
Treasury
Overseas stocks plunge in London and Tokyo markets
The London stock exchange faced its steepest drop since the Munich crisis of 1938 as Setloffs fell on overseas exchanges and in Canada. Hundreds of millions of pounds were wiped from London share values while the Financial Times index slid 13.4 points. Tokyo ended the session with a moderate broad decline after an early selling rush.
MENTIONED IN THIS ARTICLE
London Stock Exchange
Canada
London
Financial Times
Tokyo
Stock Exchange
Two U S Advisers Missing in Laos Battle Outpost
Two American military advisers attached to the Laotian army near Houei Sai have been missing since Sunday. They were with Laotian troops at an outpost reportedly captured by rebels, an American spokesman said Tuesday.
MENTIONED IN THIS ARTICLE
Vientiane
U. S
Houei Sai
Venezuelan Loans From IDB Total 52 Million
Caracas reports that Venezuela has secured 52 million dollars in loans from the Inter-American Development Bank for housing projects and industrial development. The funds will support urban housing and factory modernization as part of economic development efforts.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Inter-American Deveopment Bank
Kennedy proposes tax incentives for political contributions
President Kennedy urged Congress to adopt a system of tax incentives to enlarge political fundraising. He suggested two options: a 50 percent tax credit on contributions up to $10 per year and a tax deduction for political donations up to $750 per return.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
Johnson
McCormack
Sears First Quarter Earnings Reach Record High
Sears Roebuck & Co reports record earnings for its first fiscal quarter ended April 30, with net income of 41,899,784 dollars or 42 cents a share, up 17.4 percent from the prior year. first-quarter 1961 income was 23,217,074 dollars or 31 cents.
MENTIONED IN THIS ARTICLE
Chicagoap
Sears Roebuck & Co
Supreme Court declines Fass appeal over Sunday closing law
Washington AP reports the Supreme Court refused to review the conviction of Dave Fass, a West New York storekeeper, fined $28 for selling carpeting on Sunday November 29, 1959 under New Jersey Sunday closing statutes.
MENTIONED IN THIS ARTICLE
Bors
Washington
Supreme Court
Dave Fass
West New York
N. J
New Jersey
Fass
City approves asphalt on Tenth Street and raises for police court
City council passed a resolution of necessity to pave Tenth Street from Seventh Avenue north to the brick road. The project cost will be split 60 percent city funds and 40 percent by property owners. The city's portion comes from the road use tax fund. Certificates of acceptance for sanitary and storm sewer work in Thomas E. McGaw's sixteenth addition were approved. City Engineer Ralph Mills prepared the certificates. Police Judge Miles Adams received a $25 per month raise, from $275 to $300, effective July 1, the first raise since 1997 as council cited increased workload since the police court began.
MENTIONED IN THIS ARTICLE
Tenth Street
Seventh Avenue
Thomas E. McGawran
Ralph Mills
Miles Adams
Adams
Three Winners Named in Jaycee Road-e-car event
Marion Jaycee Road-e-c results announced with Mick Lewis taking first on 322 points, Dennis Sutton second with 316, and Henry Hansen Jr. third though listed with 406. Nineteen contestants competed after a written test preceded the driving test. Lewis advances to state road-to contest in La Porte City Saturday.
MENTIONED IN THIS ARTICLE
Marion
Bill Grundy Elected By Marion Jaycees
Marion community notes report Bill Grundy elected president of the Marion Junior Chamber of Commerce at a Monday meeting. New officers include Paul Ryan as first vice president Kenny Smith as second vice president Larry Welch as secretary and Dave Emerson as treasurer. Board members are Ed Begley Arlen Ross Don Winshburn and Dick Fry.
MENTIONED IN THIS ARTICLE
Bill Grundy
Marion Junior Chamber of Commerce
Atoa
Paul Ryan
Kenny Smith
Larry Welch
Dave Emerson
Ed Begley
Arlen Ross
Don Winshburn
iDick Fry
Airliner Crash Victim Faced Police Charge
Centerville report notes Thomas G. Doty, a Continental crash victim, faced a Kansas City armed robbery charge with a preliminary hearing set. Doty and Geneva Fraley, both Kansas City cosmetics firm employees, died in the crash that killed 45 others when the jet exploded over southern Iowa last Tuesday night. An empty unlocked brief case matching Doty’s initials was found 12 miles from the crash site as FBI investigated its significance.
MENTIONED IN THIS ARTICLE
Centerville
API
Kansas City
Thomas G. Doty
Iowa
Doty
FBI
Geneva Fraley
Fraley
Poly Tunes
Burns Returns From Week Vacation At Leech Lake
Burns returned to the Cedar Rapids 5 Gazette after a week’s vacation at Leech Lake Minnesota. He resumed duties with the staff on Monday following the trip.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Burns
Leech Lake
Minn
Explaining puts and calls in stock options
The article describes put and call options with definitions and how buying a three month contract costs a few hundred dollars to control 10 shares. It notes potential profits and risks if the market moves against the position and mentions minor unrelated notices.
MENTIONED IN THIS ARTICLE
Sback
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National Defense
University of Kentucky
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Switzerland
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Donna Pruit
Fourth Avenue
Ar Frankfurt
Ger- Gladys Ross
Second Street
Javenue
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Lamson Brothers
A. G Hoelzen
Merchants National Bank
Air Trisota
Livia
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Hom Luke's Hospital
Christine Wall
Erskine School
Mark Badger
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Kell Juhi
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Bob Moody
JohnMyers
Bill Rankin
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Bob Rushley
Jack Schneider
Gary Young
John Young
Mark Broderick
Mike Broderick
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Phil Vander Hamm
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Mark Felter
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Rex Graham
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Ieee
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Armour & Co
Afonsanin Iaha and
Cuff'’s
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Waterloo
Jupa
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Blawkoox
Main Rapids
We-155
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Heleursday
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Ibs
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Bronschen Co
Norese AR
I- Brits
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Sagee Itanada Ory
Mar Syed
Fae
Sioux City Livestock Belanese
Parke Gavis Ay Penick & Fordson
Fenn-Dix Cemona Sanna
Penney
Stoux City
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Reyn Tob
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Tuniss Wr
Simmons Co Ae Deere & Co
Sinclair
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Skelly of
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Fabian Skretta
Ereaport Sul
Studebaver
Eruehauf T
Sunray
Sen Dynamics
Swit & Cowen Electric
Texaco - Sen Fouls
Tex East
Tex East T' Ts Sen Oles “ A. A Gutpeed 3 Money Taken — Adrian Seresco, , Inc
Textron Ned
Pearson
Avenue NW
Welty
Cilletta
Goodrich
Fox
Union Carbide
Liebrary
Kenwood
Aly Hemera
Iors Payee
Mary Gis
West
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Toil Michal TT
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Ae Woolarth
Younstown S
Lawalll Gas Tis
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Jerr Lake Sullary
Revisu
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Charry Gur Paid Nation
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Craig Syst Inc
Rath Packing
Greater Iowa
Shield Bantam
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Technocator
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What Cine Star
Pid Amer
Thaan
Isaiel
Willam Hemmer
Methodist Hospital
Rochester, Minn
Don Gaddis
Sunrise Mobile Home Court
Sunrise Laundromat
Summer Institute
Usdai—Nutter
Frei
Marie Anne Therese
Fede
San Antonio
Keith Funston
New York Stock Exchange
Funston
Laos
Cyne
E. Cohn & Sons Inc
L ST. S.W
Tom
Marton
Dennis the Menace
Vall
Ol L
Dutemalles News
Jaycee Road
Joseph’s
Marion Rural School
Linn-Mar High
Marion High
Seig
Cub Scout Pack
American Legion Hall
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Bill Bursovsky
Leslie McMains
Dennis
Hansen
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Timmy Kine
Michael McShane
Steven iBruring
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Allen Boots
Mark Twaddle
Dale Oliver
Timmy Meier
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David McNulty
Craig Worm
Dwight Hagen
Jim Westcelt
Steve McNulty
Ko da Tanda
Camp Hilaga
Arther Kemper
Edward Vesey
the Gazette
Guy A. Reed
Independence
George McBride
Longfellow School
Marion Jaycees
Edison Pharmacy
Sere Pharmacy
Advyahs
Lions Club
James Risk
Adv
YMCA
Rainbow Girls
S.C. Christiansen
Ko Ek
Cira
Memorial Bay
Ady
Robert Harris
Wheaton
Fred Duncan
Springville
St. Paul's Lutheran Church
E. ©. Brandt
Investors’ Guide
Sam Shulsky
T. R. Drake
Mrs. Clifford
Sre Reese Pe
Gad Guvitalo
Vod Prat
Hazel
Heinz i
Feller
Vierebur
A.C. Allyn
ACM
Chicaca
Boston
Glenn Ravenscroft
Roeder
Kepferschmid
J. Gross
M. Adem
Merchants National Bank Sldg
Empire
Hien and Wormon
Aton
YVCAL
PAA
Mo Heckel
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