Market Holds Gloomy Tone Amid Broad Declines On Wall Street
Late session trading extended a declines trend with more than two to one losses over advances on the New York Stock Exchange. Key drags included farm instruments electronics aircrafts oils rails and tobaccos while Chase Manhattan Trust Pittston and American Telephone were among the most active. Analysts cited no new catalysts to spur buying amid disillusion over rates and the GM strike settlement inflation fears.
MENTIONED IN THIS ARTICLE
NEW York
New York Exchange
Chase Manhattan Trust
Pitt
Ston
American Telephone
Wall Street
General Motors
Unofficial sales figures and dividend footnote codes
The text explains that sales figures are unofficial and dividends listed are annual disbursements based on the latest declaration. It defines footnote letters a through y and other symbols indicating special dividends, stock dividends, ex-dividend dates, and related conditions for 1969 and 1970, including bankruptcies and foreign issue tax notes.
Chicago Produce Prices and Market Highlights
AP report shows butter and eggs steady with wholesale prices unchanged. Potatoes see total shipments at 501, with track sales and regional price ranges for Idaho russet Bur banks, Red River Valley reds, and Wisconsin russet Burbanks, noting moderate supplies and good demand.
MENTIONED IN THIS ARTICLE
Chicago
Idaho
Minnesota
New York Produce Market News Summary
AP USDA report shows wholesale egg offerings fully adequate to ample with slow demand Monday. Egg standards 36 38 whites fancy large 40 42 fancy medium 37 39 fancy smalls 33 36. Butter offerings tight with irregular demand. Creamery butter 93 score AA 71 4 cents, 92 score A 70 34 71.
MENTIONED IN THIS ARTICLE
New York
USDA
Slaughter Steers Price Drop at Chicago Stockyards
Chicago AP reports slaughter steers fell 25 to 50 cents, slaughter heifers 50 to 75 cents lower at the Chicago Stockyards. Total cattle receipts reached 9,000 head as buyers adjusted to softer demand and larger availability.
MENTIONED IN THIS ARTICLE
Chicago
Cattle and Sheep Prices Mixed in Chicago Markets
Chicago reports from AP and USDA show slaughter steers down 25 to 50, heifers 50 to 75 lower, with varied weights and yield grades. Prime and high choice cattle range near 28 to 29 per hundredweight, while lighter classes and sheep lambs quote lower, reflecting a mixed market for the period.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Des Moines Livehog Prices Report Trade Activity
UPI reports fairly active hog trade with demand good and some prices easing. Butchers 25 to 50 cents lower, sows steady to 50 cents lower. receipts Monday about 100000, week prior 108000, year ago 69000, Friday 75000. price ranges given for various weights and hog classes across U S 1 3 and sow categories.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
U.S
Omaha cattle quotations and weights at UPI report
Omaha market recap lists cattle, calves and feeder trade with price ranges across weight classes. High choosing prime steers and heifers priced from 26.75 to 27.60 per hundredweight, feeders from 31.00 to 38.00, and cows 18.50 to 19.25 with canners down to 16.50.
MENTIONED IN THIS ARTICLE
Omaha
UPI
Choice
Lamson Bros
Pen High
Or Livestock Futures Chicago
Mercantile Exchange
Prio
Ist Hee
Sioux City Livestock Market Report Slower Trade
Sioux City report shows 9,500 cattle and 3,300 calves. Trade slow with slaughter steers 50 cents lower and slaughter heifers 25 to 50 cents lower. Prices: steers 26.25 to 27.50 for various weights and heifers 25.25 to 26.50, with choice and prime at the top.
MENTIONED IN THIS ARTICLE
Sioux City
UPI
Cedar Rapids market reports steady hog prices and mixed livestock rates
Cedar Rapids hog market prices held steady on Saturday with Friday deliveries for 200 to 230 lb butchers at 15.25 to 15.75, sows under 300 lb at 13.25 to 13.50, and weights above 230 lb discounted. Packers see further decreases by weight. market closes Monday. Sheep and poultry rates listed, eggs and grain prices delivered for Monday.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Late Drop by Wheat Corn In Chicago Market
In Chicago trading, wheat and corn declined sharply as heavy liquidation hit the closing minutes. Soybeans fell after prior gains, while oats weakened late. Wheat closed down 3 4, December 1 2034. corn about 2 1 2 lower, December 1 4542. soybeans 1 4 lower to 1 1 2 higher, November 3 054. oats around lower, December 8042.
MENTIONED IN THIS ARTICLE
Chicago
Grain prices in Chicago include wheat corn and soybeans
AP Chicago reports commodity quotes with Wheat No 2 hard red 1.72 per bushel, Wheat No 2 soft red 1.77, Corn No 2 yellow 1.41, No 3 yellow 1.41, Oats No 2 extra heavy white 0.81, Soybeans No 1 yellow 3.04, Soybean oil 14.38 per hundredweight.
MENTIONED IN THIS ARTICLE
Chicago Cash Grain
Chicago
Hoffmans Sentenced Three Years for Burning Draft Records
Edward C. Hoffmans of Iowa City pled guilty to burning Selective Service System records in Chicago. He received a three year federal sentence after being separated from 14 co-defendants in the May 1969 raid.
MENTIONED IN THIS ARTICLE
Hoffmans
Burning Records
Chicago
Edward C. Hoffmans
Iowa City
Iowa
Selective Service System
South Side
Draft Board
Edwin C. Robson
U.S. District Court
Federal Medical Center
Springfield
Robson
Youth helper injured as car rolls on him near light pole
A 17 year old, William Fowler of 11310 Avenue NW, was injured when a car he and his father were pushing rolled forward pinning him between the car and a light pole. Fowler received treatment at St Luke’s Hospital for abrasions and was released.
MENTIONED IN THIS ARTICLE
William Fowler
Avenue NW
Fowler
St. Luke’s
William the Conqueror and William of Normandy
William the Conqueror, also known as William of Normandy, is referenced in relation to his dual identifying name. The note highlights the equivalence between the epithet William the Conqueror and his royal association with Normandy.
MENTIONED IN THIS ARTICLE
William of Normandy
William the Conqueror
Three Trials Ordered in C R Patent Lawsuit
Judge McManus approves separate trials in a three party patent infringement suit. Clary Corp of San Gabriel sues Douglas Inc Marion Henderson Metal Products Cedar Rapids and James Copper Marion Copper in a cross petition with state Sen J D Weimer. Pierce originally owned the patent. Henderson asks to declare Clary's patent void.
MENTIONED IN THIS ARTICLE
Edward J. McManus
Clary Corp
San Gabriel
Calif
Douglas, Inc
Marion
Henderson Metal Products
Cedar Rapids
Merle Pierce
First Avenue
James C. Copper
Grand Avenue
Marion Copper
Douglas
Pierce
J. D. Weimer
Norwood Drive
Clary
Weimer
Henderson Metal
Car Rams House After Collision at Market and Dodge
A gravel truck and car collided at Market and Dodge streets injuring one person. The car wedged under the porch at 629 East Market. Driver of the truck was Thomas D. Brower, 27, of North Liberty. The car’s driver was treated at the scene and then taken to a hospital.
MENTIONED IN THIS ARTICLE
Ova
Market
Dodge Streets
East Market Street
L. A. Bissell
Thomas D. Brower
North Liberty
Device Pictures Check Bouncers
London stores face vast check fraud losses, but a new device called a regiscop aims to cut losses. In a pilot, customers paying by check are photographed with their purchases, the image and check are stored, and if a bad check is detected the bank returns it and a print is sent to the fraud squad.
MENTIONED IN THIS ARTICLE
Dispatch
The
Times
London
Water Works Report Is Issued
Cedar Rapids water department pumped 499 320 000 gallons in October per monthly report by George S. Lee. Daily average 16 107 000 gallons. Water works used 723 600 kilowatt hours of electrical energy, averaging 1 446 kWh per million gallons. Well water hardness averaged 15.2 grains per gallon, treated water 5.38 grains per gallon.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Fourth Company Hikes Oil Price
Continental Oil Co. becomes the fourth major producer to raise its crude oil purchase price by 25 cents a barrel. Gulf Oil Co. U.S. Atlantic Richfield and Pan American Petroleum, the Standard Oil of Indiana subsidiary, had already announced similar hikes.
MENTIONED IN THIS ARTICLE
New York
Continental Oil Co
Gulf Oil Co
U.S. Atlantic Richfield
Pan American Petroleum
Standard Oil of
Indiana
Indictment Ties 12 Jersey City Hudson Officials to Extortion
Newark UPI reports twelve Democrats including mayor Thomas Whalen and former mayor John Kenny along with Jersey City officials and Hud son County figures conspired to extort about 182000 from firms doing business with city or county. Charged with filing false income tax returns are Whalen Kenny and two others. Included are police chief Fred Kropke county Democratic chairman Walter Wolfe Port Authority head William Sternkopf and other county officials.
MENTIONED IN THIS ARTICLE
Jersey City
Hudson County
N. J
Thomas Whalen
John Kenny
Thomas Flaherty
Municipal Council of
Fred Kropke
Walter Wolfe
William Sternkopf
Port of New York Authority
Frank Manning
Jersey City Division of Engineering
Joseph Stapleton
Four C R Men To Take Part in Industrial Tour
Cedar Rapids businessmen join Gov. Robert Ray on Iowa seventh industrial tour to San Francisco and Los Angeles. Organized by the Iowa development commission, the trip seeks California leads and to raise Iowa profile. Weeks says it may attract movie producers to Iowa, noting local productions already bring income to communities. Cedar Rapids delegates include Robert Faxon James Coquillett James Flanagan and E W Munsel.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Robert Ray
Iowa
San Francisco
Los Angeles
Iowa Development Commission
California
Dick Weeks
Commission
Hawkeye State
Weeks
Robert Faxon
Chamber of Commerce
James Coquillette
Merchants National Bank
James Flanagan
Iowa Electric Light and Power
E. W. Munsel
Creswell, Munsel, Schubert and Zirbel Advertising Agency
College Night at Regis High School Sees 31 Colleges Attending
Regis high school in Cedar Rapids hosts College Night with 31 colleges in attendance. The program includes a 7:30 general assembly, three 25 minute presentation periods, and a 9:30 closing session. Representatives from Iowa Missouri Illinois Wisconsin Nebraska Minnesota Indiana New Mexico and Kansas will be present for student contacts.
MENTIONED IN THIS ARTICLE
Regis High School
Cedar Rapids
Iowa
Missouri
Illinois
Wisconsin
Nebraska
Minnesota
Indiana
New Mexico
Kansas
Father Receives $20,000 Judgment For Son's Death
Federal Judge Edward J. Mc Manus awarded $20,000 to John R. Gill and his wife for the death of their son John S. Gill, 18, who was crushed between two boxcars in Milwaukee yards on June 28 1968 while serving as a night shift foreman on a switching crew. The award reduced from $30,000 after finding the decedent was one third contributorily negligent for running from a zone of safety into a zone of peril. The suit claimed negligent yard lighting and dangerous running switches and improper job assignment without training. Gill died attempting a running switch known as a highball when he leaped from a freight car as two cars collided on adjacent tracks. The railroad was found negligent in not moving a car left in a position that allowed the moving car to collide with it. The trial noted his attendance at a safety meeting and three student trips prior to the accident.
MENTIONED IN THIS ARTICLE
Edward J. McManus
Marion
Milwaukee Railroad
Cedar Rapids
John R. Gill
John S. Gill
Gill
Young Gill
Milwaukee
McManus
Squirrel Hit By Gun Butt Injures Teen Hunter
Brad Colton, 17, of 366 Brentwood Drive NE, was wounded in a hunting accident near Marion Sunday afternoon. Linn County Sheriff officers report he struck a wounded squirrel with a 12 gauge shotgun, the gun discharged, injuring his upper left arm. He remained in fair condition at St Luke's Hospital Monday.
MENTIONED IN THIS ARTICLE
Brad Colton
Brentwood Drive
St. Luke’s Hospital
Linn
Entry at McKinley Junior High Sparks Police Probe
City briefs report a break in at McKinley Junior High early Sunday with no apparent theft. Police said on Monday no items were missing and the incident remains under investigation.
MENTIONED IN THIS ARTICLE
McKinley Junior High
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