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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 01, 1968
Page
19
The New York stock market moved toward higher ground in late afternoon trading. Advances outpaced declines by about 240 shares as investors awaited a possible consolidation phase. Notable moves included United Fruit rising 14 to 73 1/4 amid takeover talk and IBM slipping 7 1/2 to 32 7/8 amid computer industry concerns.
Washington Agriculture Secretary Freeman on Tuesday said meat import quotas are not needed for the time being. He estimated 1968 beef and meat imports at about 990 million pounds, roughly 55 million below the quota trigger level for country by country controls.
Estimates from Chicago market desks show livestock receipts for Wednesday including 8,000 cattle, 3,500 hogs, and no estimate for sheep. Officials note hog prices rose by 50 cents with steady demand across the market.
In Chicago, butcher hogs gained 50 cents as receipts hit 3,000 head. Slaughter steers and heifers remained steady with cattle receipts around 1,000.
Chicago wholesale market figures show hogs at 3,000 head with butchers up 50, sow prices up to 25, cattle at 1,000 with slaughter steers and heifers in the 25.50 to 28.50 range, and sheep around 25 to 27 for wooled slaughter lambs with mixed grades.
The market reports active trade and good demand in Des Moines with butchers steady and prices 25 cents higher in spots. Receipts estimated Tuesday at 90 000 versus 80 000 last week and 91 000 a year ago, with Monday at 116 000. U S 1 2 200 220 Ib butchers 18 75 19 50 and similar ranges for other weights. sows 270 330 Ib 17 00 18 25, 400 550 Ib 14 75 16 75.
AP dispatch notes mixed meat market activity in the Midwest with Iowa figures. Steer, heifer and cow prices steady. pork cuts showing selective variances with loins underweight and hams influencing the board. steer beef in 600 to 700 pound range at 143.50 and 700 to 800 pound range at 44.00 to 44.50. cow beef and canners show price spreads and seedless belly values around 12 to 28 dollars per hundredweight.
Cattle receipts about 5,000 head with calves none. Steers steady and heifers fully steady. 1100 to 1200 pound steers 27.00 to 27.50 per cwt, load high choice and prime at 28.00, 850 to 1050 pound heifers 25.00 to 26.00 per cwt, with some choice and prime at 26.50.
UPI notes cattle sales at Omaha with 8 500 head cattle and 150 calves. Steers and heifers steady to higher with good demand, prices around 28.15 to 29.00 for select lots. Cows and utility types ranged 17.56 to 19.25 in various grades, with cutters and low-grade cows in the 16.00 to 18.00 area.
Tuesday market constants held with No. 2 yellow shelled corn at 92c and soybeans at 2.34 a bushel. Hog prices ranged: bulk 200–230 Ibs at 18.75–19.10, packers’ sows at 17.50–17.75. deviations for weights and grades noted. Poultry and grain prices included with delivered prices and small-weight adjustments.
Deposed Rep. Adam Clayton Powell advocates a racially balanced ticket with Wallace while speaking at a Western Michigan University student assembly in Kalamazoo. The exchange included a wry confirmation to a reporter about the plan.
In Chicago the soybeans market rebounded ending a six session slide with a two cent uptick before light profit taking. Wheat edged up 5 percent to 1 cent higher, corn and oats mixed, rye higher and soybeans gained up to 1 percent as trading remained active.
Wheat No 2 hard 1.19 No 2 soft red 1.19 Corn No 2 yellow 1.08 Soybeans No 1 vanity 2.45 Bean oil 7.13 Market report from Chicago cash grain desk notes prices for key grains and oils.
Federal State Market News notes four Iowa sales on Sept 27 28 with scarce detail yet: cattle show slaughter cows steady feeder steers mixed calves mostly steady Creston gains 50-75 cents while hogs trend lower for feeder pigs and market lambs help steady prices. Slaughter sheep and lambs ease 50-75 cents with feeder lambs down.
AP USDA live pool prices show steady wholesale buying for butter with various AA A B C scores. eggs remain about steady with Grade A and other standards. potatoes show arrivals steady with limited demand and dull market. notable Washington russet Burbanks at 3.75 and red varieties around 2.40 to 3.75.
New York AP notes USDA selling season steady with ample offerings and slow demand. Butter demand good while creamery quotes show 93 score at 70 1/2 to 70 1/2 cents and 92 score at 70 to 70 1/2 cents. Cheese and other dairy lines referenced with large and small lots.
London AP reports King Hussein of Jordan had a sinus operation Tuesday and his condition was described as satisfactory. The announcement said he is recovering and in stable health after the procedure.
The Mod Squad goes back to high school to probe organized crime in the classroom. The episode airs at 6 30 PM Tuesday in color on KCRG TV 9.
Northwestern Bell Telephone Co and Iowa Electric Light and Power Co paid second half taxes to Linn county on Monday. S G Raps, manager, said the telephone payment of 200120.29 brings the year total to 400240.93. The light company paid 988091.49, bringing its year total to 1976183, up 11 percent from last year.
New York state supreme court Justice Harold Tessler ruled Wallace may use Shea Stadium for a rally on Oct. 9, overturning city parks commissioner August Heckscher who had denied the rental. Heckscher claimed absolute discretion to ban political events at the 56,000 seat venue. The ruling stressed civic and public interest in a major presidential candidate appearance. Frederick Reuss, Wallace supporters’ attorney, described the prior action as a directive against Wallace.
The Air Force awarded Collins Radio Co of Cedar Rapids Iowa a 1.3 million contract to engineer and install modified avionic kits for the DC 137 aircraft. About 85 percent of the work will be done by Collins in Cedar Rapids with the remainder at Andrews Air Force Base near Washington.
The Navy announced it will seek competitive bids for 81 500 rocket launchers used by the Navy and Air Force, ending a sole source approach with Alsco Inc. Techfab Division in St. Louis previously held a $13.9 million award. The move follows a grand jury indictment over suspected kickbacks tied to past contracts.
NEW YORK AP A long shoremen strike closed Atlantic and Gulf ports except for military cargo. The White House said Taft Hartley cooling off would be aimed at resuming work within 80 days. Thomas Gleason of the ILA challenged the emergency claim as negotiations stalled over wages pensions and hours.
The Wisconsin state selective service headquarters in Madison was firebombed Monday night. Firemen contained the blaze with minimal trouble after gasoline was poured and a rope used as a fuse. A large window blew out and office furniture was destroyed.
A civilian bus hit a road mine 15 miles south of Da Nang killing 11 South Vietnamese civilians and wounding 13 others, police reported.
Archbishop Bryan McEntegart, 75, retired bishop of Brooklyn and head of the nation’s largest diocese, died Monday night in New York.
ABC Science Editor Jules Bergman comments on NASA's struggles, aired on The Evening News With Frank Reynolds on KCRG TV 9 in color. He remarks on setbacks affecting space projects and future missions during the weekday 5 PM broadcast.
Washington AP George Christian declined to say whether Humphrey's Vietnam bombing hall offer differed from Johnson's policy. The White House received Humphrey's speech advance copy from the Democratic National Committee after distribution to the press. Johnson did not discuss the speech and continues to back Humphrey publicly while urging all candidates to state their positions on all issues.
Rioting broke out at the South Carolina central correctional institution as inmates armed with crowbars and iron pipes attacked guards. Inmates smashed furniture started fires in the auto tag shop while hundreds of helmeted police moved in. at least five people were injured.
In Saigon, a military court on Monday jailed three to seven years hard labor for former leaders of the Antifraud Youth in trafficking fake draft exemptions to about 600 members. Five others were acquitted. the group had ties to Ky and political activity in 1965.
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