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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 20, 1967
Page
22
Financial markets in New York trimmed earlier declines as Britain's pound move and higher U S rates spurred activity. The volume for four hours reached 10.23 million shares, more than Friday, with most blue chips down while gold-mining stocks surged on expectations of higher gold prices.
Stock losses trimmed values in pounds and other currencies. Homestake and Dome Mines rose three points or more, while McIntyre Porcupine and American-South African Investment gained a couple of points. Occidental Petroleum opened late on 73,000 shares and fell over four points as volume led. Across the American Stock Exchange prices retreated broadly amid ex-dividend and ex-distribution considerations.
USDA estimates Tuesday receipts in Chicago show 1500 cattle 5000 hogs and 3000 sheep. Butcher hogs fell 25 to 50 cents while slaughter steers rose 25 to 50 cents. Woolled slaughter lambs held steady.
Addeke H. Boerma of the Netherlands was elected director general of the FAO in Rome. He defeated Hernan Santa Cruz of Chile 60 to 55 on the third ballot. Gabriel d Arbou ssier of Senegal withdrew citing pressure and rumors of discrimination.
Chicago market summary shows hogs at 7,500 head with 1 2 190 to 225 pounds at 18.00 to 19.50, sows 14.00 to 15.50, cattle 8,000 head with slaughter steers 25 to 50 higher, prime steers 28.00 to 28.50 per hundred, heifers 26.25 to 26.50, and sheep 300 head with lambs 23.00 to 24.00 for 90 to 115 pound wooled slaughter lambs.
Demand weak for butchers dropping to 25 cents below Saturday. Sows hold but show small declines. Receipts forecast 100000 for Monday with prior week 81000 and year ago 91000. Saturday 57000. Price ranges noted for U S classes across weight brackets.
cattle slaughter 10 500 feeders 4 000 calves 800 steers and heifers ahead by as much as 25 points, high choice prime cattle priced by weight with 1 201 lb steers at 26 65, 980 1 087 lb heifers at 25 50, utility cows 15 00 16 00 and feeder steers around 28 50 with most choice 25 00 27 00 Marked gains show robust demand for high grade cattle and varying weights across categories.
Sioux City cattle market report from AP USDA shows calves at 8 000 and cattle at 14 500 with steers and heifers steady. Choice 1000-1250 lb steers at 25.00 and 850-1050 lb heifers at 24.00 per hundredweight.
Prices on the Cedar Rapids hog market were steady Monday. Saturday bulk country and plant delivered butchers weighing 200 to 220 pounds brought 17.00 to 17.50 dollars, with packers weight-based deductions up to 450 pounds. Poultry and wool prices listed, grain futures show 0.2 year shelled corn at 95 cents and soybeans at 2.47 dollars.
Moscow Radio said four American sailors who left their ship in Japan are now in the Soviet Union in transit from Japan. Names listed: John Barilla 20 Catonsville Maryland Richard Bailey 19 Jacksonville Florida Michael Lindner 19 Mount Pocono Pennsylvania Craig Anderson 20 San Jose California.
Grain prices on the Chicago Board of Trade fell broadly as the weaker currencies in Britain and other nations weighed on markets. Wheat slipped up to 1 percent, rye fell 1 to 1 percent, soybeans dropped as much as 2 percent, while corn and oats were mostly unchanged.
Wheat No 2 hard 1.50 per bushel. No 2 soft red 1.43. Corn No 2 yellow 1.071/2. No 2 yellow average 1.01-04. No 4 yellow 92-1.00/2. Oats No 2 red white 72%8n. Soybeans No 1 yellow 2.63/2. No 2 yellow 2.61. Soybean oil 8.60n.
AP report shows wholesale prices for live poultry roasters special fryers and turkeys mixed smaller changes in butter and egg markets. Potatoes show arrivals shipments and mixed regional prices with russets unsettled and red varieties weaker across Idaho Minnesota North Dakota markets.
Wholesale egg offerings are adequate with irregular buying. demand ranges from slow to good. Standards and checks prices listed. whites and fancy grades shown. Butter offerings are about adequate with fairly good demand. creamery prices quoted for AA and A grades at 67 to 68 cents.
A Greek Cypriot peasant woman was shot dead and her husband wounded while tilling fields near Ardellero, a village south of Nicosia, according to police. The attack occurred Monday as authorities investigated the incident and sought suspects.
City briefs report Sen Tom Riley will address the Iowa service tax at Wednesday noon at the Montrose hotel. The item is part of a roundup of local notices and upcoming events in Cedar Rapids and surroundings.
Philadelphia public schools resumed normal operation Monday on the first day of classes since police dispersed a Friday rally of about 3,500 pupils, most of them Negro.
The State Department will hold a ceremony on November 29 to celebrate Iran's economic progress and its supposed coming of age. Iran has received U S foreign aid for 17 years, and officials say its economy now makes it ineligible for further assistance.
HUD recertification directs Cedar Rapids to continue seeking housing for the needy and to report on availability for non whites. City must detail progress in code compliance and work through 221 d 3 rent supplements and public housing while assessing impact of the 1967 state fair housing act. Mayor Bob Johnson received the certification and specifications.
In Athens AP reports former Prime Minister Panayiotis Pipinelis, a royal confidant, was sworn in Monday as Greece's foreign minister. The appointment marks a key political shift amid regional tensions and shifts in the government.
Complete banquet facilities with private room seating for up to 150. Reserve now for Christmas events by calling 365 7571.
The Linn county regional planning commission discussed expected two to three month delays in completing a regional transportation plan. James Stimson cited technical issues needing resolution for state highway commission and U S bureau of roads approval. Cedar Rapids seeks funds for Cedar Valley Expressway and bus system startup. Waterloo leads, Cedar Rapids trails. The commission also approved the general design of the Cedar Valley Expressway for forwarding to the highway commission.
Eisaku Sato arrived back in Tokyo after a nine day trip to the United States.
In Amman Jordan the U N refugee camp Karama near the Jordan river was hit by Israeli fire. The Jordan army said 14 people were killed and 28 wounded as tanks and 106mm guns opened fire for about 75 minutes. The camp contains no refugees from this year’s conflict.
London bookmakers report a rush of bets on the Conservative party to win the next British national election. William Hill offered 2 to 1 on the Conservatives and 5 to 4 against Labor, with bets showing quick appetite for the outcome as the spring 1971 deadline looms.
The AFL-CIO National Association of Broadcast Employees and Technicians reaches a tentative agreement with ABC after two months on strike. Federal mediators say NABET members will vote, with meeting in New York set for Monday night to decide ratification. ABC offered wages rising from 218 to 272 dollars weekly over four years plus shorter hours.
Premier Pham Van Dong told Radio Hanoi on Monday that North Vietnam would never negotiate a settlement, warning such talks could resurrect the Munich precedent and encourage concessions in the war.
Awards were presented Thursday at Grant school to Jamie Hobson Lee Hollingsworth Gary Moss Dan Oldfather Ron Paulsen Steve Goodyear Steve Sandquist Jeff Stuckenschneider Mickey Pazour Jeff Weber Oliver Hollingsworth Rodney Zitek David Weikel Russell Smith David Kuelper Robert Harrelson Ronald Harrelson Robert Moody Keven Christensen and Steve Rinder knecht.
A heated dispute in Des Moines centers on Burrows proposal to label state tax commission cars as departmental vehicles starting next year. Republican X. T. Prentis charged he never voted or was consulted, while Burrows argues decals prevent embarrassment and identify the department in front of businesses.
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