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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 24, 1957
Page
4
USDA numbers show cattle receipts at 1 000 hogs 7 500 and sheep 500. Butcher hogs eased up to 40 cents lower while steers remained scarce with steady to 25 cent advances. Des Moines and Chicago reports note mixed activity with hogs down and cattle and sheep trading modestly firmer.
US cattle market in Omaha posted receipts of 1 300 head on calves 150 with slaughter classes steady to strong. Stocker and feeder classes scarce, prices held firm. Prime fed steers near 6 50 per hundredweight, several loads of choice steers around 21 00 to 24 50, heifers 23 00 to 24 10, good to low choice 19 50 to 22 50, utilities and commercial cows 13 00 to 15 50, canners and cutters 10 75 to 12 75.
Waterloo hog prices list by weight range with steady rates and sow brackets. Sioux City cattle receipts 4,500 with active slaughter trade and price ranges for steers and heifers across multiple quality levels.
Most grain futures eased in late trading as early gains faded. Wheat finished steady to down, corn and oats mixed, soybeans slightly down, and lard fell. Prices quoted for December and November settles shown with various grade figures and nearby supplies.
Cedar Rapids hog market prices fell a quarter with plant delivered quotes for good No 2 butchers and sows. Meaty No 1 high yielding butchers and sows could fetch up to 50 cents above these quotes while No 3 over fats may be as much as 50 cents below.
New York stocks edged higher after a midweek rally but eroded in later trading. The market closed with a modest advance as profit taking trimmed earlier gains while statistics and the average supported the finish.
General Motors reports nine month sales of 8.235 billion dollars up from last year by over 90 million. Net income declines to 603 million dollars or 2.14 a share versus 640 million or 2.28 last year. Third quarter earnings drop to 122 million from 137 million.
AT&T reports a falter in third quarter net income after prior steady increases. Company records show earnings pause as revenues contend with ongoing market pressures and telecom demand shifts.
Live poultry and eggs show steady activity in Chicago with total 109000 lbs of poultry and 4500 cases of eggs noted. Cheese prices range with Swiss varieties at 35-44 cents and processed leaf at 36-37 cents, butter around 60-61 cents, and carrots and onions listed with varied scores and weights. New York reports butter about steady with bulk creamery prices 60-61 cents, eggs steady with multiple grade ranges and color options, and wholesale market receipts around 660000 units with mixed color eggs and standard sizes.
The Daily Iowan editorial opposes a planned boycott by University of Iowa students over parking meters on North Clinton Street. Seven graduate students organized the boycott after a Wednesday meeting, but the paper warns the action could damage student and university reputations and advocates note reading changes to petitions.
Iowa sheriffs and the state highway patrol launched joint secondary road patrols in 57 counties over the past two weeks. At least 395 traffic law violators were apprehended on county and local roads, with common violations including stop sign failures, speeding, license irregularities, and faulty equipment. The operation, the first widespread effort on secondary roads, followed a plan by the State Sheriffs Association and the State Safety Department to curb rising accidents and deter illegal drivers. Patrols operate in unannounced sections several hours at a time, several days weekly, plus vehicle safety inspections in small towns.
A Philadelphia insurer won a 3700 judgment against Roy F Soderquist the student pilot who buzzed Des Moines for four hours in a borrowed 1957 Cessna The Indemnity Insurance Company of North America paid American Aviation Company owner of the plane The court found Soderquist sane at this time and he was committed to the University of Iowa psychopathic hospital after prior indictments and transfers
In Marion and surrounding areas traffic and restraint charges filled the docket. John Fornell of Central City paid bonds for speeding and no license while Cedar Rapids offenders faced fines for disobeying stop signs and other violations. Additional cases covered intoxication, disturbing the peace, reckless driving, and violations near Marion. Mrs. Reimers and Peter joined Lois Reimers and Mrs. Emmons for a week’s visit. misprint note about Mrs. Harford clarified.
City Clerk Merwen L. Taylor issued permits for four new houses in Marion. Howard Mitchell plans two homes on Hilltop Road costing about 8000 and 9000 dollars. Harold Barber and Ward Daniels each estimate 10000 dollars for residences. Additional remodeling and residence work are noted at other addresses.
Des Moines reports outline Chet Hansen urging changes to Iowa absentee voting to curb ballot control. The inquiry, before a legislative committee in Des Moines, also hears calls for biannual campaign funding for Republican and Democratic nominees.
Columbus Junction native Fran cis O Wilcox assistant secretary of state in charge of United Nations affairs will deliver the keynote at Des Moines U N anniversary observance. He will speak at 8 p m in the capitol building. Wilcox, a University of Iowa and Geneva graduate, was named assistant secretary of state in 1955 by President Eisenhower. His parents were Frank and Verna Gray Wilcox of Columbus Junction.
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