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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 04, 1968
Page
28
In late trading, the market faltered after a 12-session run of advances, with declines edging gains 28 to 7 on the most active list. The NYSE index rose eight cents, as brokers noted funds wait on the sidelines and some corrective action appeared. About 11 million shares changed hands.
The report summarizes mixed stock performance with General Motors steady at 84 percent and others like Ford Chrysler and American Motors slipping. U S Steel falls four points while Jones & Laughlin rises the same amount as prices vary on the American Stock Exchange.
Chicago reports a steady tone across livestock trading with butcher hogs slaughter steers and heifers and wooled slaughter lambs maintaining stable prices and interest.
Awards were presented at Buchanan School to Bob Jordan David Speich Todd Stout Jeff Suchomel Karl Kloubec Doug Driscoll Pat McCammon David Grumman Lynn Bailey Keven Jack and Paul Rieneke in a Pack .17 ceremony.
UPI dispatches from Omaha and Sioux City show limited test cattle with no calves. Trade notes cows steady with choice steers about 26.65 and choice heifers near 25.35. Canner and cutter cows run 16.00 to 18.00 with occasional 18.25 to 18.50, while Sioux City and Omaha listings note insufficient cattle and calves for market test.
Hogs at 3 500 head with steady values for most weights and categories. Sows largely down by up to 50, boars 15 to 16 50. Cattle about 4 000 head with slaughter steers and heifers steady and high end yields around 30.00 a hundred weight. Sheep 200 head with wooled lambs trading 25.50 to 27.25 per hundredweight.
UPI reports trade fairly active with demand good while butchers show declines up to 25 cents in mixed directions. Estimated Friday receipts near 55,000 versus 59,000 last week. week-ago and year-ago figures cited. Prices listed for U S 1 2 0 0 to 550 pound hogs across weight ranges and sow categories.
Federal state market news notes insufficient supply to test trade with limited sales steady. Feeder cattle weakened 1.00-2.00, calves 1.00-1.50 lower, demand described as four to good. Feeder per head prices range 10.25-12.75 for 1-2 lbers and 18.25-21.70 for heavier lots, with select lots around 21.70-24.00 and weights up to 1400 lbs at 17.00-19.16 cwt.
Des Moines AP notes Thursday USDA market report shows steer beef 600 to 800 pounds at 40.50 to 43.00, heifer options mostly steady to weak. Pork cuts including loins 14-17 pounds quoted 45.00 to 45.50, picnics 16 to 18 pounds down about 0.50 to 1.00, Boston butts down about 1.00, skinned hams 43.50 to 44.00 for 9 to 14 pounds, seedless bellies 10 to 14 pounds 28.00 to 29.00.
Iowa City police charged three Cedar Rapids residents with possession of marijuana on September 21. Richard M. Callas, Ronald W. Anderson, and Michael G. Anderson appeared for a preliminary hearing. They are free on $1,000 bond. Briefs are due in ten days, with seven additional days for the county attorney to respond.
Waterloo Rath Packing Co and Bermec Corp announce an in principal merger plan. Bermec would acquire Rath at four Rath shares for one Bermec share. Board and stockholder approvals are still required.
Wheat rose modestly at the close in Chicago trade while corn and oats held steady. Soybeans were mixed, with declines noted for some contracts and gains in others as market activity paused.
AP reports Chicago market bids for grain with No. 2 yellow wheat around 1.284 per unit and No. 2 red near 1.079. No. 2 yellow oats quoted, soybeans No. 1 yellow near 2.444, and soybean oil around 7.20.
Chicago market notes show graded Egg categories Grad A Wes 402 medium 37 standards 38. Potatoes arrivals on track with U.S. shipments 192. Russet Burbanks Idaho Oregon 3.90. Minnesota reds 2.40. North Dakota June reds 2.35. Wisconsin round reds 2.15.
The AP report notes plentiful wholesale offerings in New York with fair demand on Friday. Creamery butter ranges 93 score AA and 92 score A at 69 to 69 1/2 cents, while whites and standard grades show large and medium assortments with light to adequate supplies.
Cedar Rapids hog market held steady with Thursday’s delivered prices for 200 to 230 Ibs butchers at 18.75 to 19.10 and packers 25 cents off per 10 Ibs above 230. Cattle offerings ranged from prime to standard grades with steers from 21.25 to 27.75 and heifers 18.75 to 26.00, plus mixed cow and bull figures. Corn and soybeans traded with No 2 yellow corn 93 cents and No 2 yellow soybeans at 2.30, oats 60 cents, with Friday’s delivered prices noted.
In Portland, Spiro Agnew urged that dissent is acceptable when it respects others, amid a two minute heckler interruption at a suburban high school. He praised peaceful protest while warning disruption cannot silence others and left through a side door as walkouts occurred.
A 2 p m Sunday service at the Good Neighbor Home in Manchester marks its fifth anniversary. Rev Paul Wenske administrator chaplain will be installed, with Rev Alvin Nelson and area pastors officiating. The public is invited to the service and reception. Wenske is a Wartburg College and Capital University Seminary graduate succeeding Rev Riensche.
Readings show a 7 30 p m meeting at 2611 Towne House Drive NE hosted by Mrs W G Tompkins. Other briefs note a Soroptimist rummage sale October 4 5 at ZCBJ Hall and various local ads and notices.
Delmar Yoder 52 of Keota died Thursday in Iowa City after a long illness. Born October 8 1915 at Harper she married October 10 1939 at Harper. Surviving are her husband four daughters a son and three brothers. Services 10 a.m. Monday at St Marys Catholic church Keota with parish rosary at 1 30 p.m. at Powell's funeral home burial in St Marys cemetery.
Kevin Payne, 16, of Independence was charged with failure to have his car under control after his vehicle left a gravel road one mile north and half a mile south of here it rolled over Thursday at 5 p.m. He was treated and released at a doctor’s office.
George Christian defended President Johnson against poison-pen rumors saying the White House will support Humphrey if asked and that Johnson would do what is appropriate for Humphrey's campaign. Christian dismissed claims Johnson sits on Humphrey and noted he does not know who spreads such material.
Ed Muskie confirmed he wrote a January letter to President Johnson urging a bombing halt in North Vietnam to prompt substantive peace negotiations. He said he regrets making the fact public but defends private letters as a vehicle for advancing views and stressed any halt would follow intelligence checks and enemy intent assessments from Paris negotiations.
William Ray Jackson 27 of 1815 Sixth Avenue SE had his case bound over to the Linn county grand jury Wednesday in Municipal court He is charged with resisting execution of process after allegedly giving officers a false name when stopped Sept 12 He faces a district court charge of malicious injury to a building and fixtures and is held for parole violation He is serving a 30 day sentence on a charge of no driver's license.
The Defense Department announced that ship shipments to Vietnam must be mailed before November 9 and regular air mail before December 11 to ensure delivery by Christmas.
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