Stocks Slump as GM Leads Broad Market Losses
In a sharply lower trading session on Monday, General Motors faced heavy selling after news of production cutbacks. The NYSE saw about 7.5 million shares change hands, with key stocks down fractions to several points and glamour issues falling more. Tax doubt and discouraging economic items weighed on sentiment as prices declined across active trading.
MENTIONED IN THIS ARTICLE
New York
General Motors
American Stock Exchange
Stock Dividend Classifications and Ex Distribution Terms
A compact glossary of stock distribution terms including ex dividend ex distribution ex rights warrants and various payout scenarios such as stock dividends liquidating dividends and special distributions used in 1960s financial records. It lists codes like xw ww xr nd wi wd and i in bankruptcy along with notes on foreign issues fy interest tax and accrued dividends.
MENTIONED IN THIS ARTICLE
Felivers
Madrid Man Sentenced For Vehicle Tampering
David Cromwell aged 18 of Madrid route one received a 30 day suspended jail term on a charge of injuring or tampering with a motor vehicle. Police said he was caught trying to remove a battery from a van in the Rapids Chevrolet Co storage lot on Shaver road NE Sunday at 1 p.m. Sentencing was by Municipal Judge Howard McLaughlin.
MENTIONED IN THIS ARTICLE
David Cromwell
Madrid
Cromwell
Rapids Chevrolet Co
Shaver ‘Road
Howard McLaughlin
Spanish Denies Heir Apparent Selection
A French radio report claimed Prince Alfonso de Bourbon et Dampierre, 30, was chosen as Spain's future king, prompting denials Monday from official Spanish sources in Madrid.
MENTIONED IN THIS ARTICLE
Madrid
UPY
Alfonso ‘de Bourbon Et Dampierre
Spain
Hog Trade and Beef Prices Move Steadily in Chicago Markets
Hog receipts for Monday reached about 8,000 with trading moderately active and steady. Slaughter steer trade remained alive and steady on 9,590 head as buyers paid up to 26.25 for two loads averaging 1,300 pounds.
MENTIONED IN THIS ARTICLE
Chicago
WEDA
Chicago Prices for Hogs Cattle and Sheep in Quiet Market
Chicago reports show hog slaughter at 8,000 with prices mostly steady to up 25 cents for heavier pigs and 1 1/2 to 2 dollars for lighter loads. Cattle volume 9,500 with steer and heifer quotes 23 to 26 dollars. cows 15.50 to 17.00. Sheep 800 head with lambs steady and woolly lambs 22.50 to 23.00, ewes 3.00 to 8.00.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Mercantile Exchange
USDA
Des Moines pork market mixed as Monday receipts seen
UPI reports demand for pork in Des Moines remains good while butchers hold steady with 24 cent lower figures. Estimated Monday receipts at 90,000 vs 93,000 last week and 76,000 year ago. Saturday 52,000. Price ranges cover 200 to 550 pounds across 1-3s and 2-3s with various bands from 14.75 to 20.00 per hundredweight, reflecting lighter demand in some weights and steadier levels in others.
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Dow Jones Jpm
New York
Francis T. du Pont
Big Am
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Beatrice Foods
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Kidde Comm
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Kidocofd
RovBut
Jia
Allied
Alcoalat
America
Mid-America
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SL SanFran
Amr Pw
SCM Cp
Ambeme
Scott Paper
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Ampex Co
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Waaly
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yInl Nick
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Chicago
Lameon Brothers
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Des Moines
UPI
U.S
Omaha Livestock Prices Mixed as Cattle Trade Steady to Strong
Omaha livestock desks report cattle totals near 14 000 with slaughter 11 000 and feeders 5 000. Prices show steers and heifers largely steady with high choice to prime ranges around 23 to 25 dollars per hundredweight and feeders holding firm while cows trend lower. In Sioux City, trade remains moderately active with steers and heifers steady to strong and some higher, highest quality loads quoted around 24 25.
MENTIONED IN THIS ARTICLE
Omaha Livestock Omahs
UPI
Most Choice
Sioux City
Cedar Rapids Shog Market Steady Prices Reported
Monday prices at Cedar Rapids market showed steady trades. Butchers 200–230 lb fetched 19.00–19.25 dollars, packing sows under 300 lb bid 17.50–17.75, with plant delivery grading rule adjustments outlined. Cattle and sheep sections list varied price ranges, discounts for overfat and heavier cattle, with grain and poultry quotes and delivered prices noted.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Grains Rise On Active Chicago Trade Amid Weather, Export Buying
Grain futures surged on a busy Chicago Board of Trade session led by wheat gains after dry Southwest weather. Corn climbed on export and commission house demand, soybeans rose on tighter Chicago stocks, while oats and rye also advanced.
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Chicago
Chicago Board of Trade
Southwest
Chicago cash grain prices at a glance
API Wheat No. 2 hard 78n No. 2 yellow corn a yellbea din. Oats No. 2 heavy white 77an Soybeans No. 7 yellow 3,024an Soybean cit 10.80r.
MENTIONED IN THIS ARTICLE
Chicago
Wholesale produce, eggs, and butter market notes Chicago
Chicago market report lists wholesale prices for live poultry roasters and young turkeys, geese, and butter with steady to unchanged quotes. Eggs show irregular demand with prices mostly unchanged to slightly lower. Potatoes arrivals and U S shipments are detailed with Idaho Russets and Red River Valley round reds priced, market steady amid moderate supplies.
MENTIONED IN THIS ARTICLE
Chicago
APE
USDA
U.S
Idaho
Red River Valley
Wisconsin
New York Market Report Shows Mixed Dairy Prices
New York market notes adequate demand and mixed levels across standards and checks. Whites extra fancy heavy weight and fancy grades show variable quotes while smaller sizes and pewee lines reflect softer demand. Creamery products reach mid 60s to mid 70s on some scores with higher values for top grades.
MENTIONED IN THIS ARTICLE
New York
USDA
Doderer Seeks Iowa House Democratic Leader Post
Iowa City Democrat Minnette Doderer declares she will seek the minority leader post in the Iowa House as caucuses set for Des Moines. Other contenders include Vince Steffen Charles Miller William Gannon and Keith Dunton. Joint sessions with Senate Democrats will hear from Gov Hughes and Lt Gov Fulton before separate caucuses.
MENTIONED IN THIS ARTICLE
Minnette Doderer
Iowa City
Doderer
Vince Steffen
New Hampton
Charles Miller
Burlington
William Gannon
Mingo
Keith H. Dunton
Thornburg
House
Senate
Harold Hughes
Robert Fulton
Steffen
Savery Hotel
Andrew G. Frommelt
D-Dubuque
George O’malley
Des Moines
Man Sought On Check Charges Caught in Illinois
Cedar Rapids authorities identify Marlo Struss as the suspect in July forged checks totaling $698.07, written at local supermarkets and department stores while using the alias Ronald Leon Clark. He was arrested in Asheville, North Carolina on a Dyer Act charge and is in Winnnebago County custody. Illinois has the first chance at prosecution.
MENTIONED IN THIS ARTICLE
Illinois
Cedar Rapids
Winnebago County
Ill
Marlo Struss
Ilinois
Struss
Jerry Navratil
Navratil
Ronald Leon Clark
FBI
Ashville
N. C
Siruss
Des Moines Firemen Plan Picket Over Pay Disparity
Some Des Moines fire department members aimed to picket city hall Monday during the city council meeting to protest lower pay than police officers, a spokesman said.
MENTIONED IN THIS ARTICLE
DES Moines
UPL
Des Moines Fire Department
Receivers Named to Liquidate Tama Packing Co
Tama Packing Co was placed under liquidation by Tama District Court Judge John Tobin who named three permanent receivers G K Thompson Louis P Boudreaux and Ed Springer to collect assets and dispose of them After expenses any remaining assets will go to shareholders Schultz Co Cedar Rapids and Hinsdale Quality Foods South Carolina will continue operating to preserve value until sale or disposition
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Toledo
Tama District Court
John Tobin
Tama Packing. Co
Tama Packing
G. K. Thompson
Louis P. Boudreaux
Cedar Rapids
Ed Springer
Schultz Co
Hinsdale Quality Foods
South Carolina
AMC Reports Second Biggest Yearly Loss
American Motors, the nation’s fourth largest automaker, posted a 12.6 million deficit for the year ended September 30. The loss ranks second in 12-year history, only behind 25.4 million loss in 1956. Directors omitted the quarterly dividend for December 30, the fifth straight cut.
MENTIONED IN THIS ARTICLE
Detroit
American Motors
AMC
Jaycee Chapter At Reformatory To Get Charter
A new Jaycee chapter will be formally started Tuesday night at the men's reformatory in Anamosa with a charter banquet at 6 30 p m Tickets will be available at the door Bob Krane state president of the Jaycees will present the charter to the reformatory group Officers will be installed by National Jaycee Director Le Roy Hinrichs of Monticello Speakers include Warden Charles H Haugh associate warden Calvin Auger director of social services Herb Callison and Cedar Rapids Jaycees president Robert McGannon Other participants are Jaycee senator Richard Jordan from Cedar Rapids toastmaster Jim Farnham and the new chapter officers and members
MENTIONED IN THIS ARTICLE
Men’s Reformatory
Anamosa
Reformatory
Bob Krane
Jaycees
Bob Webster
Charles H. Haugh
Calvin Auger
Herb Callison
Robert McGannon
Cedar Rapids
Court Allows Oelwein Boy To Play Basketball
Oelwein Fayette County District Court Judge E B Shaw signed a temporary injunction allowing 17 year old Larry Cole to participate in extracurricular activities at Oelwein High School. Cole had been barred by the school board since his marriage last July and played basketball last year. His attorney cited Waterloo and Anamosa court decisions permitting married high school boys to take part in athletics. Cole played in games Friday and Saturday night.
MENTIONED IN THIS ARTICLE
Oelwein
Fayette County
E. B. Shaw
Larry Cole
Cole
Waterloo
UGN Officials Hope for 95 Percent of Yearly Goal
Cedar Rapids Marion United Good Neighbors officials expressed optimism they will reach 875000 dollars or 95 percent of the 914000 goal this year. Pledges total about eight percent ahead of last year with 868209 pledged and 8100 still unreported in cards.
MENTIONED IN THIS ARTICLE
Cedar Rapids- Marion
Ex-Resident Dies Film Event Hosts Audubon Wildlife Night
Public notices report the death of Genevieve Gates McIntyre formerly Cedar Rapids. Friends invited to Dee Auditorium 7:30 for film Mexican Adventure. Tickets at door. Advertising notices list local services and awards. Public library director James Marvin spoke at a trustees institute at the University of Illinois. Floyd Price, 79, former Cedar Rapids resident, died in Grand Junction Colorado. Survivors include sister Ersell Tosh. Local ads promote beauty salons cleaners and barber shops. One traffic incident notes May Hart Henry Jackson, 30, treated after car vs parked auto, no charges filed.
MENTIONED IN THIS ARTICLE
Audubon Wildlife
Dee Auditorium
Portland
Ore
Genevieve Gates McIntyre
Cedar Rapids
Wilma Ross
Rons
George
Uhl Hairstyling Salon
Iowa
James Marvin
Cedar Rapids Public Library
Institute For New Library Trustees
University of Ilinois
Floyd Price
Grand Junction
Colo
Ersell Tosh
B Avenue
May Hart
Henry L. Jackson
Tenth Street SE
Mercy Hospital
Hughes Opposes New Truck Tax
Governor Harold Hughes sharply opposes a proposed ten mile tax on trucks saying it would create state trade barriers. He notes that all citizens benefit from trucking and rejects the claim that trucks don’t pay enough for highway costs. Purdue’s Papke suggested a weight and distance based tax, but Hughes defends current highway funding from truck traffic.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Harold Hughes
Hughes
James Papke
Purdue University
Papke
Iowa
Drunk Driving Charge Arraignment In Sigourney
Edward Tressler aged 43 of rural Sigourney was arraigned in justice court Saturday on a drunk driving charge and released on bond. He was arrested Friday night by Hedrick Marshals Dave Vinton and Dave Moore.
MENTIONED IN THIS ARTICLE
Sigourney
Edward Tressler
Justice Court
Hedrick
Dave Vinton
Dave Moore
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