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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 07, 1963
Page
19
New York stocks closed irregularly lower after aborting an early advance. Volume slipped to about 4.1 million shares from 5.13 million Friday as brokers cited scant spot news to propel a broad rally while noting a favorable long term outlook.
Waterloo Hogs market listings show price ranges for various live weights from 160 to 550 pounds. Reports note price points for different weight brackets with Memphis region style shorthand and a final line listing Tahmeer.
Burglars looted the Midwest Name Plate Co. one mile west of Mt Vernon on Highway 30, taking about 50 from a cashbox while overlooking 1300 in the till. Entry was gained by breaking a rear window and offices were ransacked.
Three Cedar Rapids policemen were praised by Patrolman Ray Kurtz of Storm Lake for helping at an Sunday crash on highway 3 north of Alta. The men directed traffic and aided injured occupants after a woman was pinned in a car.
USDA-compiled Tuesday receipts show 2,500 cattle 6,000 hogs 500 sheep. Hog market was active and higher, with butchers and sows mainly 25 cents up. supplies 7,000 head. Cattle trading fairly active, slaughter steers steady to 25 cents higher. heifers steady. Prime cattle loads and varied weights cited, with beef categories ranging from prime to utility. Sheep offerings around 500 head with slaughter lambs 19.50 to 18.00 for various quality grades.
Iowa hog prices move steady to firm with gains of up to 25 cents from Saturday and late last week. Estimated Monday receipts run around 75,000 head with totals through the week about 70,000. U.S. 1-3 200-240 lb butchers 14.75 to 15.60, 240-270 lb 14.55 to 15.50, 2-3 270-300 lb 14.10 to 15.25. Sows range 330 to 550 lb with 14.00 to 13.75.
Receipts 21,500 cattle and 600 calves. Steers firm while heifers hold. Choice 1,000-1,050 lb steers range 23.75 to 24.50 with two loads at 24.75. Grand choice heifers 21.00 to 23.35, three loads mostly high choice 23.75. Market activity reflects solid buyer interest and steady grades.
Sioux City cattle receipts total 13 000 with calves around 1 100. Slaughter steers range steady to strong with some 25c gains, high choice loads near 24 75 and 24 25 per cwt. Choice 950 to 1 200 lb slaughter steers bring 23 to 24 per cwt, heifers 22 50 to 23 25, averages to high choice levels.
C R Markets Cedar Rapids quotes hogs steady Monday with Saturday bids for 200 to 230 lb hogs at 15.00 to 15.40 and some at 15.60. Sows 300 lb down bid 14.00 to 14.50. butchers lower per 10 lb segments. packers discounts by weight group. Also grain and eggs prices listed with small variations.
In Chicago on Monday heavy speculative buying of soybeans and spreading operations in wheat pushed grain futures higher. Wheat rose 2 34 cents, corn up 1 1⁄2, oats steady to 0 1⁄2 higher, rye up 3 4 1⁄4, and soybeans 5 14 to 7 1⁄2 cents.
Chicago AP report outlines grain and oil prices including No 1 yellow soybeans at 2.86 per bushel No 2 yellow 2.85 No 1 corn 2.1134 and No 2 oats and soybean oil at 95 cents per pound Market data shows slight percentage changes and pricing details for futures and cash trades amidst a volatile session.
AP USDA live poultry prices hold steady roasters 23 24c special fed White Rock fryers 18 19c few heavy hens 172c. Potatoes arrivals 207 on track 246 U S shipments Friday 264 Saturday 127 Sunday 2 supplies moderate demand good market steady. Butter unsettled wholesale prices down 2 to 4c with specific car quotes. eggs barely steady wholesale prices unchanged to 2c lower grade A whites 39 2c mixed 39 2c standards 34 2c dirties 30c checks 28 2c.
New York AP USDA egg market shows ample offerings and fair demand with price ranges for extras and medium eggs. Creamery and scores noted. wording suggests standard prices and immediate needs drive buying. data appears inconsistent with old shorthand and typos.
Chicago Burlington and Quincy Railroad president Harry Murphy announced a plan to invest 25.5 million dollars on new cars next year, the second-largest amount in the line's 115-year history. The 1964 program includes 1,575 boiler bearing freight cars and six stainless steel double deck suburb cars, with most freight cars built at Burlington shops in Lincoln, Nebraska.
Michigan agriculture officials embargo the smoked whitefish inventory of H. J. Dornbos in Grand Haven while investigating two botulism fatalities in Knoxville Tennessee. David Cohen 32 and his daughter Amy Beth 10 died after consuming the fish bought at a supermarket chain the store says was supplied by the Grand Haven firm.
Craig Systems Inc reported year end earnings of 503,984 on 17,777,556 in sales for the year to July 31. Per share earnings were 63 cents with a 11 percent gain from last year. President Erick Randers of Lawrence Mass cited growth in products and markets and strong LeFebvre Corp sales in Cedar Rapids. He noted record LeFebvre sales in 1963 and expanding bank and security equipment lines with double prior year sales and rising orders. Acquisition plans in allied fields are under focus with a hopeful outlook for further earnings gains and new product development.
Ozark Air Lines reports a net income of 167,898 or 0.10 per share for the year ended June 30 1963 with a 4 percent stock dividend. Revenues hit 16.32 million, up 2.36 million from the prior year, as passenger traffic rose 21 percent along with mail express and freight gains.
Mr and Mrs Delbert Clark at 1944 First Avenue NE said they plan a two-building seven-story apartment complex in the 1900 block of First Avenue East. The frontage is 300 feet, with 59 units per building including 19 two-bedroom, two three-bedroom, 21 one-bedroom, and 17 efficiencies. Rents will range from 150 to 310 dollars monthly.
Investor Q and A notes no unethicality in using multiple brokers but warns of headaches from following conflicting advice. Advises sticking with the broker who recommended a stock to judge performance. Another tip warns readers to ignore a Toronto shareholders bureau appeal for 20 dollars citing risky mining promotions.
Judge Edward J. McManus schedules Onslow farmer James Russell Orr for a jury trial October 21 at 9 30 a m in Cedar Rapids federal court. Orr was arrested after a farm raid last August by U S treasury agents the Jones county sheriff and an Iowa highway patrolman. Three stills and five gallons of moonshine whisky were seized near his home as he pled innocent to five counts of violating federal alcohol tax law. Also noted a bankruptcy petition filed in federal court by Merle Elwood Smith of Evansdale listing debts of 2476 81 and assets of 356 25 with 200 exempt.
TOKYO A Chinese Communist interpreter who arrived with a Chinese scientific group sought political asylum at the Soviet embassy the Japanese foreign ministry reported Monday.
City directors plan 12 30 p.m. Friday meeting at Mis Hair with ad specials for hair services. Sertoma Club Fern Cherif of foreign trade bureau to speak Tuesday at 12 15 at Sheraton Montrose. Cedar Rapids barber chair display at Cedar Rapids Beauty and Barber Supply. Gardner to speak on Dutch elm disease to Senior Men's Bureau at 3 30 p.m. Wednesday. Hair coloring by Sidney of Rayette Inc Tuesday. Boy Scout Troop 1 earns Camporee Award of Merit and Honor near Lisbon. Dr C A Stout dentist now at 1208 Ellis Blvd. St Luke's auxiliary rummage sale Oct 9 8 5 at 12th St and 2nd Ave. Salvation Army pickup EM 5-1491. Merimyx meeting Fri Oct 11 guest night at the Royale. Money stolen $120 from Aug J Cleppe locker at Quaker Oats. Junior NAACP meets Wed 7 30 p.m. at Bethel AME church. Jaycee Council exec meet Tue 7 30 p.m. at Sheraton Montrose.
Rio de Janeiro AP reports President Joao Goulart withdrew a 30 day state of siege request amid mounting opposition. He said extreme measures were unnecessary while military ministers urged armed forces to stay alert and faithful to commanders.
Former Maryland Congressman Thomas Johnson received a six month prison term while former Alabama Congressman Frank Boykin was fined 40000 and placed on six months probation. Judge Roszel Thomson imposed the sentences after the four men were convicted in a savings and loan scandal case.
Robert T. Stastny, 27, of 2112 Lauren Drive SW, was sentenced to 15 days in county jail after pleading guilty to a drunkenness charge in municipal court. An accompanying assault and battery charge, filed by Jerry L. Olin, 21, of Fairfax, stemmed from a disturbance on Third Avenue SW. Judge Howard McLaughlin allowed the sentence to be served on weekends.
Comptroller General Joseph Campbell backed Rep. Earl Wilson in pushing the Army to buy 2,946 radio sets via competitive bids. Wilson named Collins Radio Co. Cedar Rapids as proposed sole contractor, citing prior pricing and a potential 50 percent savings with bidding. He urged a General Accounting Office investigation. Campbell had earlier urged competitive purchase ASAP.
A Sunday blaze on the Everett Piper farm two miles southwest of Columbus City destroyed a garage and car and two machine sheds. A cornpicker was also lost in the fire, which occurred about 7 30 p.m. near Columbus Junction.
James Colbert district manager of Iowa Illinois Gas and Electric Co. was named chairman of the management advisory board. K H Schafer Riverside station re elected secretary. New executive committee members include F A Daun Moline and R B Miller Davenport with other regular members from Davenport Iowa City and Rock Island. The board meets semi monthly at the Davenport central office to study and propose solutions to company problems.
Three Cedar Rapids youths were injured in two motorcycle accidents Sunday. Richard Womacka, 21, from Third Street SW, suffered a left shoulder fracture and left hand bruises after his throttle stuck at 2700 block C Street SW, injuring him in fair condition at St Luke’s. Richard Maulorico, 17, from Thirty-fourth Street SE, had a neck injury when his bike hit a wire fence at Jefferson High School practice field and was listed in good condition at Mercy. Passenger Barbara Rocca, 17, from Mt Vernon Road SE, treated for back bruises at Mercy and released.
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