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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 13, 1973
Page
1
Financial markets opened higher with gains in morning trading before giving back much of the advance in profit taking. Analysts warned the rally could be overextended and due for a sharp correction as the Dow Jones industrial average finished up 2.56 at 978.63.
Cedar Rapids prices fell six cents on Saturdays hog market. Friday quotes show bulk country and plant delivered butchers 200 to 230 pounds at 41.00 to 41.50, packing sows 300 pounds down 37.50 to 38.00, and thinner adjustments by weight. Packers face discounts from 300 to 500 pounds with 25 to 75 cents reductions per weight grade. Sheep lambs remain listed at 29.00 to 31.00. Keota poultry quotes include heavy breeding hens 15 cents, leghorn and light hens 10 cents, old cocks 6 cents. Eggs price ranges listed. grain bids show corn 32.07 and soybeans 5.80.
AP via USDA notes 5,500 hogs traded with mixed loads and several weight classes, prices mostly steady to barely lower. Sows under 500 pounds steady, over 500 pounds strong to 50. Calves and cows: limited sales, steers and heifers near steady, cows 32.00 to 34.50, some loads and mixed lots reported.
Butchers were 25c higher and sows steady. Packing plant delivery lists No 2 butchers at 200 to 230 pounds from 40.75 to 41.25 dollars. No 2 sows at 300 pounds range 37.50 to 38.00 dollars.
Des Moines reports fret trade mostly steady to higher with butchers 25 to 50 cents up and sows 25 to 50 cents higher. U S 1 3 weights list 40 75 to 42 00 for 200 230 lb butchers and 38 25 to 40 75 for heavier categories. Sow prices cited across ranges up to 38 25 for 270 330 lb and down to 25 00 36 75 for very heavy hogs. Friday estimate 70 000 head, with 67 000 Thursday and 72 000 the prior week.
Upbeat cattle market data shows steers and heifers at 42.00 to 42.75 for prime grades with high choice ranges around 41.00 to 42.00 for heifers. Cutter cows brought 30.75 to 34.50, canners 28.00, and weights and load ranges noted. hogs and other categories listed with varied bids and weights.
Sioux City market figures show Hows at 6,000 head, sows around 350 to 40 pounds and 382s. U.S. 1-3 cattle range 42.25 to 42.50. Cattle at 600 and sheep at 100. Prices per hundredweight rise by 0.50 for Hows and 0.05 for others.
AP reports Webster City cattle and hog markets with no cattle available and steady bids. Hog prices steady with top near 47.25 for slaughter, bulk 41.75 to 42.00, lighter weights 34.75 to 39.50, heavy weights 34.50 to 35.00. Monday estimates note 500 cattle and 1,000 hogs.
Wholesale market notes from New York show mixed quality offerings with fair Friday demand. Fancy veals vary by weight 47 lbs minimum, 62 to 65 cents per pound. fancy medium 41 lbs, average 60 to 62. fancy smalls 36 lbs, average 47 to 50. Quotations include 93 score for A4 veal and 92 score at 63 cents.
Chicago reports show USDA wholesale prices drifting lower for some grades while others stay steady or rise slightly. Retail prices in car lots delivered range with extra large eggs around 64 to 68 cents per dozen and large at about 66 cents, with various sizes showing mixed movements.
Classified ad notes children’s outgrown items including clothing toys and furniture are selling fast under the Classified Act with a contact number Dial 398 8234 for pickup or sale details.
Chicago cash grain markets show Wheat No 2 soft red at 4.84 per bushel and No 2 hard red at 4.59, Corn No 2 yellow 2.56, Oats No 2 extra heavy white 1.39, and Soybeans No 1 yellow 6.13 as reported by AP.
DES MOINES AP USDA Midwest carrot meat trade notes beef steady with select price ranges. Choice steer beef 64.50 to 65.00 per cwt, 800 lb cattle 63.50-64.00, choice 500-700 lb heifers 63.00. Pork cut trade fairly active with loins steady to 0.50 lower, skinned hams steady. Loins 14 lb under 74.00-74.50, 14 4 lb 72.00-72.50, picnics 8 lb up 51.50, skinned hams 14-17 lb 74.15, 17-20 lb 72.75-73.50, bellies 18-20 lb 59.50.
Postville market quotes prime steers at 41.00 to 40.09, choice steers 39.50 to 40.50, heifers 38.50 to 39.00, standard steers 36.00 to 38.00, utility cows 22.00 to 36.00, can and commerce cows 30.00 to 36.00, bulls 41.00 to 42.00.
In Washington AP reports Vice President designate Ford received a standing ovation from House members after Clerk read Nixon’s brief nomination message under the 25th Amendment. The House, eight minutes, heard Rep Gonzalez urge Judiciary to study revising the amendment to prevent abuse, though Gonzalez did not oppose Ford.
H Jay Pinch 39 president of the First National Bank of Oelwein died after a long illness. He became president in 1969 after earlier roles at Golden State Bank Golden Colo and a Chardan bank. Born Marion July 6 1934 he graduated Coe College Cedar Rapids 1956 and served on local college and economic groups. Survived by daughter Laurie and sister Shirley Repath among others. Services Monday 10 at Sacred Heart Oelwein with burial in Marion. Contributions may go to Cancer Research Society.
Twenty years ago the killers of six year old Bobby Green were moved from St Louis to Kansas City under top secret security precautions.
DES MOINES AP Five Indians pled guilty Friday to disturbing the peace in the occupation of the Department of Public Instruction offices on August 22. Judge Norman Elliott gave the five 30 days to choose between a 100 dollar fine or 30 days in jail. Ten Indians were charged. three bonds were forfeited for failure to appear. Continuances were granted to Harvey Major and Douglas Durham. Those pleading guilty included Michael Mitchel Aaron Two Elk Eldon L Joy Michael A Waratee Jr Anita C Turner.
The Teenager March in Cedar Rapids and Marion raised 6213 for research into catastrophic childhood diseases. Proceeds go to St. Jude Children's Research Hospital for basic and clinical leukemia research. St. Jude’s protocol is now used at University of Iowa Hospitals for about 20 new leukemia patients yearly.
The Atomic Energy Commission says a nuclear device with a yield under 20 000 tons of TNT was detonated underground at the Nevada test site.
A Cedar Rapids teen was in critical condition at Mercy hospital after a traffic crash on Highway 149 near Edgewood Road SW. Police said Robert A. Gillespie, 33 Thirty-sixth Avenue SW, lost control, struck a culvert, rolled over, and was thrown from the car. He was alone. no charges filed.
Lee F Morris 63 a lifelong farmer of rural Marion died Thursday in a Cedar Rapids hospital. He was born Oct 16 1909 on the farm in Monroe township and married Alma Pristil March 26 1932 in Rock Island Illinois. Surviving are his wife three sons a daughter 12 grandchildren a brother and two sisters. Services Sunday at Murdoch chapel Marion burial in Shiloh cemetery. Donations may go to Buffalo United Methodist church.
TOLEDO An inventory of the estate of Bertha Balichek Jacobsen a Tama widow who died Jan 31 and left most of her estate to the city of Tama has been filed in Tama county district court for tax purposes. The estate is valued at about 112 956 with real estate and bonds totals and farm land holdings across Tama Highland and Indian Village townships. Her will dated May 24 1955 leaves the remainder to Tama for a women's rest room or a community hall with a provision to invest if neither project exists. She had no children and did not provide for relatives.
A consolidated list of Marion area worship times and leaders shows Sunday services from 8:30 to 11 a.m. across multiple churches including First Baptist Grace Baptist Robins Faith Bible St. Joseph’s Catholic Marion Christian Ascension Lutheran and others with varied Sunday school start times and midweek observances.
Mt. Vernon Mrs Reva Goodlove 57 died unexpectedly Friday at her daughter s home in Fort Huachuca Ariz Born Aug 15 1916 at Olin she married Lynne Goodlove in 1935 at Cedar Rapids Survived by husband two daughters Mrs James Weilbrenner Fort Huachuca Ariz Mrs Eugene Schaufenbuel Cedar Rapids a son John Mt Vernon two grandchildren a brother Willard McCormick of Olin four sisters Ellen Vrooman Los Angeles Ruth Sieveka Olin Verna Victorine Cedar Rapids and Anna Lee Gardner Greeley Cole Services set for Tuesday at 1 30 p m at Morgans Mt Vernon with call after Monday
CHICAGO AP Chicago Police Supt James Conlisk resigns effective Nov 1 after heavy criticism of alleged corruption. He cites personal reasons in a letter released by Mayor Daley. Five days earlier 19 current and former officers were convicted of extorting tavern payments. Conlisk will remain on the force as captain per a spokesman.
Arab ambassadors in Paris assert that American planes, piloted by Americans, took part in bombing targets in Damascus. The Syrian government later officially reported this. An unmarked Phantom jet, said to be piloted by an American Vietnam veteran, was shot down by Syrian anti aircraft fire Friday, according to Syrian sources.
Iowa agriculture secretary Robert Lounsberry warned that many town farmers risk financial disaster if the 1973 crops cannot be harvested due to muddy fields and heavy rains. A joint federal effort will assess weather damage while a damp fall and propane shortages complicate drying and loan payments.
In a note to a television station the group named 23 of September Communist League demanded 200000 dollars and safe conduct to North Korea for 51 prisoners in exchange for the British honorary consul Anthony Duncan Williams and industrialist Fernando Aranguren. They set a 4 pm Friday deadline and said prisoners and money must reach Guadalajara airport.
A snowmobile valued at 1113 dollars was reported stolen Friday from the Richard Corell residence at 729 Thirty-second Street NE. The vehicle was taken from the front yard. A two wheel trailer valued at 350 dollars was also reported missing.
Opal P Neagle a Center Point resident for 32 years died Friday in a Cedar Rapids hospital born August 20 1913 at Tipton she was married to Floyd Neagle February 10 1939 in Kirksville Missouri and was a member of United Methodist Church Center Point Pythian Sisters and a Cedar Valley Kidney Foundation director. Surviving are her husband her mother two sons a daughter five grandchildren a brother and two sisters Services 1 30 p m Monday at Center Point Burial in Center Point Cemetery Friends may call Murdoch chapel after 11 a m Sunday casket not opened after the service Memorial contributions may be made to the Kidney Foundation.
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