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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 21, 1963
Page
2
In New York the market finished with uneven action as gains by blue chips helped keep averages slightly higher despite many issues surrendering early gains. Du Pont rose about four points amid heavy volume near 5.4 million shares.
City Briefs note a Dinner meeting Friday at 6 p.m. in room 310 ORC B building. Canopus Club hosts noon Tuesday at Embassy club. Assistant Fire Chief Robert H Ellison will show the film Designed To Burn. Rummage sale by American Legion Auxiliary Hanford Unit Thursday July 24. Sinclair Memorial Presbyterian advertises James R Orr plea. Orr, a 48 year old Onslow farmer, pled guilty to two counts of federal alcohol tax violations. trial delayed for pre sentence investigation by Probation Officer Edward L Anderson.
A 17 year old Cedar Rapids youth, Larry A. Peyton of 327 F avenue NW, faces assault with intent to do great bodily harm and resisting arrest charges after allegedly beating three other youths with a pistol at a local drive-in Saturday night. He awaits arraignment in district court as police report two warning shots fired by Officer Dennis Bentecs.
Chicago grain market shows firmer tone with cash provisions listed. No. 2 yellow corn at 1.19, No. 3 yellow 7.15, No. 4 yellow at 1.181. Soybeans and other grains mentioned with prices, limited readable details. Heavy OCR noise otherwise.
Receipt volumes 5 508, livestock prices mixed with calves and heifers uneven. Trade weak overall with steers and heifers mostly 50 to 90 cents lower, some loads steady to slightly higher for select lots, buyers cautious as market stabilizes at Sioux City and Omaha sale barns.
Washington AP reports that the gross national product climbed to a record 588.5 billion dollars annual rate in the third quarter, up 8.9 billion from the prior period. The rise, the largest since 1961, surpasses expectations and reflects stronger production in the economy.
Raw market rundown shows butter and eggs steady in Chicago wholesale trading with limited price shifts. Eggs vary by size and color with high demand, while butter offers stable wholesale prices. New York markets report fully apparent egg offerings, standard butter lines and mixed creamery scores, with prices noted for russets and bakers goods in regional supply chains.
Investor asks about deducting the $850 used for fund expenses and tax timing on dividends and capital gains. Article explains commissions added to cost basis, taxes due annually, and that reinvesting dividends or taking cash does not change annual tax, with details on court cases and local notices.
Downtown retailers sought city approval for a new car show while police reported a teen, Peyton, attacked several youths during an intermission. An officer fired warning shots and later another shot as Peyton fled, was captured after a struggle, and treated for knee and hand injuries. Names cited include Gene D. Michal 19, Dale Klees and others. A separate notice proposed blocking streets and permitting a Santa Sleigh on Wheels tour on four Saturdays ending December.
Prices have been reduced on tape recorders and radios in what appears to be a government effort to divert spending from scarce foodstuffs to manufactured goods. Tatevision sets may be offered on the installment plan.
The Workable Program for Community Planning was recertified by the city council on Monday with technician components covering the past year and projections for the next. The plan to continue the urban renewal supported by federal funds extends to November 1, 1964, and a planned housing code enforcement program is being prepared though it will take months.
Morris Edward Watkins of Walker route two died at home at 8:30 p.m. Saturday after a sudden illness. Born January 1, 1916 in Linn County, he married Doris Edna Davis March 10, 1951. He was a World War I veteran. Survived by wife, two stepdaughters, two sisters, and three grandchildren. Memorial services set for Turner Chapel at 1:30 p.m. Tuesday conducted by Rev. Robert Hefty, with burial at Burn Baker Cemetery south of Cedar Rapids. Friends may call at the chapel.
The city council approved an amendment to the land attestation and marketability study contract with Real Estate Research Corp, issued February 1963 for the Cedar project, requiring the firm to hire qualified workers without regard to race color or national origin and to insert and display this commitment in all agreements and at work sites.
Detectives say juveniles likely responsible for a weekend break-in at Arthur School 2630 R Avenue NE. Keys were taken from Principal Bryce Lindsay’s office. water paint bottles broken in hallways and outside. Entry gained by forcing a roof opening cover and climbing a stationary ladder.
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