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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 22, 1963
Page
17
The U S stock market ended down Tuesday led by steel shares. Heavy selling at the opening tracked by big blocks. U S Steel fell about 2 points and Youngstown Sheet over 4. Chrysler slipped 2. IBM declined 8. Volume around 6.8 million shares versus 5.46 million Monday.
Chicago and Des Moines market notes show uneven hog and cattle prices with varying bids. Slaughter steers steady to 25 cents higher while hogs over 230 pounds show slow demand. cattle and sheep ranges listed across weights and classes. receipts estimated at 11,000 cattle, 6,000 hogs, 500 sheep in Chicago. Des Moines reports mixed regional changes and strong to weak shifts across weight categories with 70,000 receipts forecast.
Grain futures posted moderate gains before leveling off in slow dealings. Wheat rose about 4 to 154 cents per bushel, corn gained around 34 percent, oats and rye advanced, while soybeans were steady to modestly higher.
Chicago markets show No 2 yellow corn at 1.18 1.19 per bushel with other grades at 1.16 1.19 and 1.14. Soybeans No 2 yellow priced at 2.73. Rye No 2 plump at 1.59. No wheat or oats sales listed.
The National Mediation Board urged the Brotherhood of Railway Trainmen to suspend any strike set to begin at 12:01 a.m. Thursday. The board seeks assurances the union will not strike while wage and welfare benefits talks continue with Union Pacific.
An 18-year-old Anamosa youth, Edward J. Kirby, pled guilty to driving without a license. He received 60 days in Linn county jail, plus 15 days on two revoked sentences, a $10 fine and costs. He was arrested at 1:59 a.m. on the avenue bridge.
Paul Nugent, 52, of 1212 Sixteenth Street SE, sustained minor injuries when his motorcycle flipped on Otis Road near the North Western railroad tracks Monday at 4 30 p.m. He received treatment for an arm laceration at Mercy Hospital and was released.
AP reports wholesale prices for butter eggs live poultry and potatoes remained steady or nudged slightly. Butter and eggs barely changed with whites at 37 cents and mediums 29 2c. Live poultry saw mixed moves with roasters mostly 23 cents. Potatoes arrivals total 239 shipments with Idaho russets at 3.50 and Red River Valley reds at 2.00 to 2.25.
AP USDA price notes show butter irregularly distributed with demand improving. Creamery butter scores 93 AA priced at 59 2 and 59 4 cents. Egg offerings ample across sizes grades and colors while demand remains dull. Extra large and extra items listed with several price points and weight references.
A brief want ad urges readers to act quickly to secure deals and savings advertised in the paper. The notice emphasizes urgency and widespread merchandise listings available to shoppers.
C R Markets Cedar Rapids quotes show Tuesday hog prices steady with Monday bulk 200 to 230s at 14.85 to 15.00 and some at 15.15. Packing sows 300 lb at 13.75 to 14.25. Weight-based discounts apply to over 230 and 300 to 500 ranges. Omaha cattle receipts 7,500 calves 600. Steers and heifers trade moderate with steady to strong prices. top steers 23.00 to 23.75, select loads 24.10 to 24.35. heifers 22.00 to 22.50.
Sioux City cattle receipts about 3500 to 200 load averages. Steers and heifers steady to strong with some 25 cents higher. Choice steers around 23.00 to 23.75, high quality averages 24.00. Choice wafers 21.75 to 22.50 with several loads at 22.75.
Detectives investigated a Monday night burglary at the CIO tavern on Ninth street SE. About $30 in cash and $20 in other items were taken including two amusement machines eight cartons of cigarettes a flashlight and eight batteries. Charles Sinkey of Anamosa saw a man leave the tavern about 4 15 a.m. description noted a man about six feet tall in faded tan shirt and pants. Entry was gained by smashing the front door glass and lifting the latch.
Graduates of the 1963 industrial fire school in Cedar Rapids will be honored at a dinner Thursday at 5 30 p m in the Iowa Manufacturing hangar at Municipal airport. Hosts are the fire prevention committee of the Chamber of Commerce and the Cedar Rapids Accident Prevention Assn. The program includes a foam rescue truck demonstration and a tour of airport facilities. Miss Flame of 1963 Judy Huck of Coe College and her attendants Meredith Thomas and Fran Reuse will attend.
Prime Minister Lord Home postponed Parliament for two weeks to November 12 to outline new government policy and campaign from the House of Commons. Labor leader Harold Wilson criticized the move as excessive and said postponement silences questions vital to debate.
VINTON Routes two Albia services will be held for Earl Gay 67 fatally injured Saturday when a shotgun discharged while being taken from a closet. A former Cedar Rapids resident Mr Gay worked for Le Febure Corp as a night watchman until retirement two years ago. He is survived by two daughters Betty Bergstrand route two Vinton and Shirley Stout Oskaloosa two sons Thomas Oska loosa and Marvin Marion three brothers including Eugene Cedar Rapids and two sisters.
D H Smith former city attorney told Marion council the manager council ordinance is too restrictive to hire a capable city manager. He warned a true manager would need time and questioned the plan’s correctness while the council approved the second reading and related salary ordinance.
Marion reports detail the school district’s equipment delays for the high school opened this fall and the ongoing book display in the junior high gym hosted by O G Waffle Book Co. Teachers select books. a Russian class with 18 students runs at noon and after school without credit. Voters head to Lincoln and Irving venues as polls open. mayoral and council actions include Halloween costumes pricing and a police salary adjustment.
Investor Q asks why 1962 dividends of 20 cents per share did not equal 61 cents per share earnings in the first half. A explains growth company strategy and dividend increases to 22 cents by September. The column also notes a reader seeking $25 to $50 monthly investment guidance, distinguishing mutual funds from clubs, plus a local real estate transfer at 2575 Brockman Avenue.
Rainbow Girls advisory board will meet Wednesday at 7 30 p m in the home of Mr and Mrs Wallace Rasmussen 1130 Northview drive. Dora Dennis entered the University of Iowa orthopedic hospital Tuesday for treatment. Visitors are permitted. Mrs B I Woolridge 252 Eighth avenue underwent surgery Monday at St Luke's hospital. Visitors are per
A patrol reports finding a German field hospital at 6 30 p m Tuesday night while on COMBAT duty channel 9. The discovery is described as unexpected and potentially significant for ongoing operations.
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