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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 07, 1971
Page
40
New York stocks opened with gains but profit taking trimmed the early advance. The Dow Jones industrial average fell 0.36 to 900.19 as analysts cited widespread profit taking after a sharp upsurge. Trading was moderately active with big block trades indicating institutional activity, including 108,800 shares of Planning Research at 16 down.
C R Markets report steady prices for Cedar Rapids hogs on Thursday. Wednesday's paid prices for country and plant delivered butchers 210 to 230 pounds ranged 19.25 to 19.75 with adjustments for heavier weights. Packers discounts applied by weight grade. hogs, sows, and heavy breeds listed with grain and egg pricing included.
Unofficial sales figures and dividend rates are based on the last quarterly or semi annual declaration. Footnotes explain special dividends, liquidations, stock dividends, ex dividend or ex distribution status, and various classifications such as new issues, deferred actions, or bankruptcy status.
USDA report shows cow and steer prices mixed with steady to slightly lower meat trade in Des Moines area markets. Steers 700-900 lb mostly 50.50 to 51.00, 500-800 lb 51.00 to 51.50, choice 49.00. Pork cuts fall with 14 lb loins 45.50 to 47.25, 14 to 17 lb 44.00 to 46.00, picnics 6-8 lb 29.00 to 29.50, 8 lb 29.50. Skinned hams 14-17 lb 39.75 to 40.50, 17-20 lb 39.50 to 40.50, 20-26 lb 38.00 to 38.25, bellies 8-10 lb 22.50, 10-12 lb 24.00, 12-18 lb 25.50.
UPI reports Sioux City hogs sold 6 500 head with moderate activity and higher bids at times. 1 3 and 195 260 pound butchers 20.25 to 20.50. sows up to 25 cents. U S 1 3 320 400 pound butchers 17.25 to 18.00. Cattle 1 200. calves 100. Slaughter steers and heifers steady with choice 950 1200 pounds at 31.25 32.25 and 30.00 31.25 for mixed good to choice. Choice slaughter heifers 850 1050 pounds 30.25 31.00, prime 31.50, 29.50 30.25 for mixed to choice. Sheep 200 head. market not established.
Texans bought 5.2 million cars and 1.5 million trucks and buses in 1970, with Texas ranking second to California in vehicle registrations according to the Texas Automobile Dealers Association.
An instructional note warns that spark plugs on lawn mowers must be disconnected before performing repairs to ensure safety and prevent accidental starting. It emphasizes removing the spark plug wire and disconnecting the spark plug from the ignition system.
Nixon administration moves during West Coast longshoremen and Chicago grain elevator strikes spurred sharp selling in commodity futures. Soybeans recovered after an initial drop, with nearby options and deferreds turning relatively strong.
Estimated receipts Thursday at Iowa and southern Minnesota plants show 75 000 head, week ago 88 000, year ago 65 000. Butchers steady to 25 higher, demand fairly good, trade moderately active. Price ranges: US 1-3 200-230 lb butchers 19.50-19.75, 230-240 lb 19.25-19.50, 240-260 lb 18.75-19.25. Sows 16.25-17.00 for 270-330 lb, 15.75-16.75 for 330-400 lb. Packing plants US 1-3 200-230 lb butchers 19.75-20.00, 230-240 lb 19.50-20.00, 240-260 lb 18.50-19.75. Sows 16.50-17.25 for 270-330 lb, 16.00-17.00 for 330-400 lb.
Plant delivered prices in Waterloo hog market Thursday rose by 25 cents. 200 to 230 pound butchers fetched 19.25 to 19.75 dollars. 270 to 300 pound sows sold for 16.25 to 16.75 dollars.
The text appears to be a garbled Chicago cash grain listing showing prices for hard red wheat around 1.57 and 1.46, corn at 4n, oats No 2 white at 72n, soybeans No 1 yellow at 3.02, and soybean oil at 12.51, with several OCR errors and unclear units.
The Postville market quoted beef prices with prime steers 32.50 to 33.50, snake steers 30.50 to 32.25, good steers 27.00 to 29.00, standard steers 25.50 to 28.00, choice heifers 30.00 to 31.50, good heifers 25.50 to 27.50, utility cows 18.00 to 22.00, canner and cutter cows 18.00 to 19.00, and bulls 25.00.
Hogs: about 6 000 head, barrows and gilts 25 down to 20.00 20.35 per cwt for 210 235 lb ranges. heavier 360 2670 lb weights around 19.58 19.75. most under 450 lb 16.00 18.75. Cattle: 600 calves. steers and heifers mostly steady. cows up. High choice prime 1 250 lb steers 33.00. 950 1 32.25. good and low choice 28.50 31.75. Heifers 30.25 31.50. utility and commercial 21.00 22.75. canner and cutter 19.00 21.50. Sheep 200 slaughter lambs steady. ewes scarce. choice and prime wooled around 20 0.25. end good quality noted.
The Carnegie Commission on Higher Education forecast that college enrollment in the United States will double by 2000, reaching 16 to 17 million students and requiring about 300 new institutions, mostly two year community colleges in metropolitan areas.
AP reports violent crimes in England and Wales rose from 4 800 to 36 000 over twenty years. The data show professional burglars or robbers have a six in ten chance to escape arrest and a four in ten chance of acquittal if caught.
The article notes the painter Rembrandt Harmensz van Rijn as the full name behind the famed artist known simply as Rembrandt. It emphasizes the distinction between his legal name and his widely recognized first name.
UPI notes total potato shipments 124 with arrivals 18 and slow demand while track sales show Wisconsin round reds at 2.10 and Minnesota red varieties at 2.00. Prices paid delivered to Chicago Cane about steady with 93 and 92 scores at 68 and 68, 90 score too few to report. Eggs show steady prices delivered to Chicago retailers with extra large 36 to 39.4 cents, large 34 to 37.12, mediums 28 to 31.12 per dozen.
AP dispatch from New York reports wholesale egg offerings ample to large and adequate to medium with fair to good demand. Standards range 26 to 28 for whites, with Fancy large at 29, fancy medium 24 to 26, and fancy smalls 15 to 16. Butter offerings fully adequate to ample with irregular demand and unchanged prices.
The U S Air Force grounded more than half its C 5A fleet nine days after an engine broke off a grounded aircraft. Seven grounded Monday followed by 22 more Thursday, totaling most of the 47 planes. No one was hurt. engine ruined and a small fire occurred. Pentagon officials denied delaying the incident to affect a defense bill.
A humorous note from 1971 reports scientists finally confirming a fish named after a Greek philosopher who insisted the male guards eggs for 50 days. The World rights notice from King Features Syndicate appears with compact provenance.
Cedar Rapids man Michael L. Oakley 21 pleaded guilty to smuggling 329 grams of hashish from Germany. Raymond Johnson 46 of Cabell Missouri pleaded guilty to transporting stolen securities in interstate commerce. Donald Novak 19 of Cedar Rapids pled guilty to forging a government check. Beatrice Harper 22 of Des Moines pled guilty to forgery and illegal possession of treasury checks. Sentencing postponed for Oakley Johnson Novak and Harper pending probation reports. Harper held on 5000 dollar bond.
The Japan Times reports government leaders and Liberal Democratic party members fear Kissinger’s planned late October trip to China could sway U N seating for Red China. They urge a Tokyo stop to gain broader regional perspective before Peking visit and U N debate.
New York AP report says actor announcer Allen Swift helped army buddies during World War II roll calls. He mimicked voices during service and now works in radio and TV commercials with those impersonations.
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