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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 27, 1968
Page
19
New York trading saw limited gains for the broader market as the Dow Jones dipped about three points from a late rally, with United Aircraft leading volume on a large 159,400 share block and several blue chips fading. Traders eyed profit taking after Tuesday's surge and prepared for a four day weekend as Thanksgiving approaches.
Directors of Younker Brothers Inc of Des Moines declare a quarterly dividend of 30 cents per share payable Jan 1 to stockholders of record Dec 16. The company operates 93 department stores, including one in Cedar Rapids.
USDA Friday receipts projections in Chicago show 4,500 cattle and 5,000 hogs with no sheep estimations. Butcher hogs advanced up to 25 cents while all slaughter cattle and lambs posted steady prices.
HogUtc prices show 4 500 head with gains up to 29 cents for 200 220 pound butchers. Cattle and calves steady with prime and high choice yields noted. slaughter lambs and ewes also steady with solid lambs around 26.50 to 27.00.
Town Hogs in Des Moines reports steady to firmer cuts with gains up to 25 cents for butchers while sows and heavier hogs show softer to steady ranges. Receipts estimated at 70 000 head for the day with prior week 68 000 and year age 106 000.
Sioux City market reports show 2,600 cattle and 100 calves with slaughter steers and heifers in demand. Early quotes place Choice 27.50 to 28.50 per hundredweight for 850 to 1,050 pound slaughter steers, with heifers at 26.00 to 27.00.
Cedar Rapids market reports show steady hog prices with Tuesday levels for 200 to 230 lb butchers at 17.75 to 18.00, sows 15.75 to 16.00, and grade-based cuts varying. Grain, poultry, eggs, and sheep quotes accompany cattle and feeder prices from nearby auctions, with notes on quality and weight-related adjustments.
Wheat gains led with a rise of 7 to 9 cents a bushel as grains closed higher. Corn jumped 14 to 34 cents, oats 4 to 9 cents higher, rye 4 to 14 cents higher, while soybeans mixed from 4 cents lower to 4 cents higher.
Wheat No 2 hard yellow 1.4034, No 2 soft red 1.3244, 5 Corn No 2 yellow 1.14 3, No 3 yellow 1.12 5, No 5 yellow 1.05 8. Oats No 2 extra heavy white 71m. Soybeans No 1 yellow 2.55 n, Soybean oil 8.50 n.
Cattle at Omaha market listed with 3,000 head and calves at 25. High choice and prime cattle average 1,125 to 1,175 pounds. Steers at 28.60 to 28.75 for 1,110 to 1,202 pounds. Other grades include 28.40 to 28.50 and 27.00 to 28.25. Cows range 14.00 to 15.50 with some at 15.75.
Wholesale prices hold steady across poultry and butter with roasters at 25 26 3 and 93 score AA butter around 67. Eggs show a mixed but largely steady trend with Grade A whites at 46 and standards around 38. Potatoes report arrivals 72 on track 188 and total shipments 325 with moderate supplies and mixed demand for russets and round reds. Idaho russet Bur banks quoted 4.90 to 5.00 per unit.
The New York produce note states wholesale egg offerings are adequate to ample with easy demand. It lists shell egg standards and prices for whites and fancy sizes, and notes butter offerings are adequate with light demand. Prices remain unchanged.
Washington reports October consumer prices up 0.6 percent marking the largest monthly increase in six years. The gain broadens inflation signals as energy and housing costs contribute. The report details overall price shifts and implications for policy.
Life Investors extends its offer to exchange its three percent $25 par value preferred stock for Circle Key Life Insurance Co. common shares to December 12 after Circle Key sought a federal injunction in Cedar Rapids to block the acquisition. The court hearing is set for December 12.
Police logged several theft incidents including $40 taken from Chandra Carr in a hotel, a $130 stereo tape player stolen from Dale Kean’s car, and twelve duck decoys valued at $40 from David Solberg’s garage. Also noted were a breakin at the Hamilton Co. and a car entry case at Fifth Street and Tenth Avenue SE. Local librarian David R. Smith completed a Wayne State institute among 49 librarians from 17 states.
In Pittsburgh Benjamin Brady Williams 36 faces retrial for kidnaping. He again pleads guilty before Judge Wallace S Gourley, same witnesses and prosecutors as 1953. He receives 20 years with credit for 15 years already served and is returned to federal custody.
Eldridge Cleaver, Black Panther leader, defied a scheduled return to prison on Wednesday. Authorities said an arrest order would be issued.
President Johnson flew to his ranch on Tuesday for Thanksgiving. His daughter Lynda and her month old daughter accompanied him. Mrs. Johnson was already at the ranch. Soon to join were Luci and her son.
Cedar Rapids city council votes to buy two vehicles from Rapids Chevrolet. A 1969 carry-all costs 2191.58 with trade in of 1963 and 1969 models. A 1969 car costs 1910.99 with trade in of a 1964 model.
Kathleen E. McMullen, 28, of Hiawatha, was charged Wednesday with shoplifting after police arrested her Tuesday evening at the Third Avenue SE Mays drug store. An electric saw valued at $12.88 was left unpaid. she posted a $110 bond and was released from the city jail.
Gilbert Bliss of Manchester, 55, was charged with failure to have his car under control after his vehicle struck a bridge on a gravel road south of Manchester Tuesday night, causing minor injuries to Bliss.
Dr. David McKenna, president of Seattle Pacific College, urges a Thanksgiving symbol akin to the Christmas star or Easter lily. He argues a national symbol would unify observances.
Katherine W. Gilmore of 903 Fifth street SE pled guilty Wednesday to shoplifting at Mays drug store 313 Third avenue SE May 27. Municipal Judge Loren Hullinger Jr imposed a 30 day suspended sentence after she was free on a $110 bond for merchandise valued under $20.
William Harper Kirk, 46, of 528 Eighth avenue SE, was fined $300 and costs by Municipal Judge Loren M. Hullinger Jr. on a drunk driving charge. He was arrested Nov. 6 by Cedar Rapids police at Eighth avenue and Second street SW after officers said he drove erratically. He was released on $500 bond.
William C. King pled innocent to an assault and battery charge. Municipal Judge Loren M. Hullinger Jr set a trial for December 19 at 2 PM. King, free on his own recognizance, is accused of assaulting Betty J. Hardy on November 14 during a property search at 950 M Street SW.
Arnold J. Schulte of 401 Sixteenth Street NE faced a petty larceny charge in Cedar Rapids for allegedly taking merchandise under $20 from Miller's Automotive Service on September 5 or 6. He was given until December 12 at 9:30 a.m. to move or plead. Schulte remains free on a $110 bond.
Gaslamp Sales Inc won informal approval to begin construction of an addition to its Glassroad NE building before platting. Attorney Harry Terpstra cited weather as a factor while Cedar Kapias subdivision rules require survey and platting for three or more lots. Ed Winter noted building permits have been denied in about 15 cases due to incomplete platting.
A new listing of manufacturing representatives in the Cedar Rapids area has been compiled by the Chamber of Commerce purchasing agents committee. The report, similar to the manufacturers listing, is available at the Chamber. Raymond Feay serves as chairman of the committee.
An unusual want ad promotes quick disposal of unwanted items with a low cost offer. It emphasizes fast service and affordable rates for selling or moving belongings.
A written statement allegedly signed by Carl W. Sonntag may be admitted as evidence in his narcotics and concealed weapon cases. Linn County Judge Ansel Chapman overruled a defense motion to suppress the statement after a Wednesday hearing.
AP reports a powerful explosion and fire destroyed most of the Slognaft Works refinery in Bratislava, Czechoslovakia. No injuries were reported as investigators sought the cause.
The planning and zoning commission directed City Planning Director Barry Lundberg to draft large scale non residential regulations for two acre plus developments in commercial or industrial zones, one acre in the central business district, with stricter information for approvals and final plan required before building permits. A potential special planned commercial zoning district is also discussed. Coralville and university involvement are to discuss street renaming and the Mormon Trek road designation for First Avenue and Coralville cut-off road.
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