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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 21, 1963
Page
21
Stocks ended with an irregular pattern after heavy trading in New York. Blue chip gains helped lift market averages slightly, with Du Pont up about 4 points while volume reached roughly 5.4 million shares versus 5.84 million Friday.
Receipts 25 508 cattle 14 500 aging 14 500 for a good end Calves 6 000. Steer and heifer trade not fully developed with limited sales. A few loads of choice steers 23.25 to 24.00, good and choosing heifers 20.50 to 23.00. prices per hundredweight.
Sioux City livestock receipts total 16 500 with 7 500 slough and 9 000 feeders and calves 5 500. Steer and heifer trade slow not fully established. A few early sales steady to 25 cents lower. Most choice getters 22.75 to 24.00. Choice heifers 24 to 25? 0.75
Washington reports the nation’s GNP rose to a record $588.5 billion a year in the third quarter, up $8.9 billion from the prior period. The gain, the largest since 1961, reflects surprising expansion beyond expectations, following $6.6 billion and $7.8 billion increases in earlier quarters.
Prices trimmed on tape recorders and radios in Warsaw as a possible government move to steer scarce consumer spending away from food toward manufactured goods. Television sets may be offered on the installment plan.
Chicago reports show official Tuesday receipts 3 000 cattle 6 000 hogs and 500 sheep while butcher hog sales rose 25 cents per hundredweight with overall market steady to strong. Cattle supply 20 500 head marks largest since December with steers steady to 50 cents lower. Des Moines figures indicate mixed steady tone with varied hog and lamb quotes across weight ranges.
City Briefs list upcoming meetings and events including a Hearing Society-Dinner in room 310 ORC B building on Friday at 6 pm, Canopus Club noon on Tuesday at Embassy club, and a film shown by Assistant Fire Chief Robert H Ellison titled Designed To Burn. Also notices on sales, obituaries, speeches, school visits, hospital updates, photography awards, horse show results, a theft report, and a Jaycees meeting.
James R. Orr a 48 year old Onslow farmer changed plea to guilty on two counts of federal alcohol tax violations at Cedar Rapids with sentencing delayed for a pre sentence report. Remaining three counts held for trial and Orr remains free on $1000 bond.
Grain futures firmed on Monday with commercial and speculative buying supporting most contracts. Wheat eased slightly while corn oats rye and soybeans posted modest gains or losses in mid afternoon trading.
Chicago cash provisions list grain and oil prices including corn No 2 yellow 1.192, No 3 yellow 1.157 1.19, No 4 yellow 1.11 1.15, sample grade yellow 0.99 1.02, oats 70c, soybeans 2.712 2.732, No TR 32 2.73, soybean oil 9b.
Chicago market report shows hogs at 8 500 head with prices 12 15.65 for various weight classes and sows 12.75 14.50. Cattle slaughter at 20 500 head with steers 23 25.25 per 100 pounds, heifers up to 23.50, cows 13.75 15.50. Sheep 800 head with woolled lambs 18 19.50 and ewes 4 6 dollars.
AP dispatch details live poultry prices down 2 cents to 24 cents for roasters 21 24c and fed White Rock fryers up 0.2, eggs steady with grade A whites 70 percent or better and mixed, inspect prices for russet potatoes and Red River Valley reds, shipments and arrivals totals for Friday to Sunday. demand fair with light supplies and steady wholesale operation rates.
Market report from New York shows egg sizes and colors as fully rated with dull Monday tone. Extras 47 lbs minimum 38 39 cents, extras medium 40 lbs average 30 3/4 cents, standards 33 1/2 to 35 cents. Butter offerings light with improved demand, creamery 93 score 91 and 590 cents, 92 score A 94 5/4 cents, score B 58 1/2 cents.
C R Markets reports Monday hog prices in Cedar Rapids were steady with Saturday bids for 200 to 230 lb hogs at 14.85 to 15.00 dollars, some at 15.15. 300 lb packing sows bring 13.75 to 14.25 dollars. Quotes reflect plant delivered grades and condition. Butchers are 5 per 10 lb over 230, packers drop 25 cents per 10 pounds from 300 to 400, 50 cents from 400 to 500, and 75 cents beyond 500. Grain in oats line notes dirt, etc.
Investors guide explains that commissions paid to acquire securities are added to cost basis and that dividends are taxed annually. Reinvested dividends increase cost basis, while cash dividends and long term capital gains are taxed each year. When selling, basis includes reinvested amounts and original purchase. Keep annual slips for tax reporting.
Bob Brooks hosts a weekly nine o clock sports segment featuring big game highlights and score updates from top teams. The program airs every weeknight at 10 25 to recap late scores and notable plays.
A 17-year-old Cedar Rapids youth, Larry A. Peyton, faced assault with intent to do great bodily harm and resisting arrest charges after a Saturday drive-in incident. He allegedly pistol whipped three youths, fought officers, and fled through a hedge before being captured. others involved reported attacks during intermission over a girlfriend.
Local business owners are urged to use Gazette want ads to boost profits and reach targeted customers. The notice emphasizes cost effectiveness and wide reach for growing sales.
The city receives a recertification notice for the Workable Program for Community Planning to extend to Nov 1 1964. Salyer notes housing code enforcement study is in progress. Morris Edward Watkins, 49, of Walker Cedar Rapids area, died suddenly at home Saturday. He was born Jan 1 1915 in Linn County and served in World War II. He leaves his wife Doris Edna Davis and two stepdaughters, plus two sisters and three grandchildren. Memorial services are set for 1:30 PM Tuesday at Turner Chapel, burial at Baker Cemetery.
Downtown retailers submit requests to the city council. One plan approved clears the way for the Downtown New Car Show on Thursday and Friday this week. Second Street SE from Second to Third Avenues will close 8 am Thursday to 5 30 pm Friday. Traffic and police will review Santa Sleigh on Wheels on downtown streets November 30 and December 7 14 and 21. The sleigh operates 1130 am to 4 pm on all four days, with two metered zones vacated for loading.
The city council approved an amendment to the February 1963 Cedar Lake project contract with Real Estate Research Corp. It requires the firm to hire workers regardless of race color or national origin and to insert this commitment in all company agreements and post statements at work sites.
Detectives say juveniles are believed responsible for a weekend breakin at Arthur School 2630 B Avenue NE. A set of keys was taken from Principal Bryce Lindsay's office. water paint bottles were found broken in hallways. Entry came by forcing a roof opening cover and climbing down a stationary ladder.
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