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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 03, 1963
Page
9
New York stocks closed higher in heavy trading as investors sent averages to recovery highs. Broad buying spread across low-priced issues to blue chips and tech names like photographic and computer stocks, while profit-taking appeared in a few leaders. volume around 5.3 million shares versus 4.57 million Friday.
Official USDA estimates for Wednesday show cattle receipts at 18 000 and hogs at 7 000 with prices slipping for butchers and mixed grades. Slaughter steers edged 25 to 50 cents lower as the week’s largest cattle volume of 18 000 head appeared. The report notes a slow trade for 7 000 hogs with declines up to 35 cents, while Iowa and Des Moines markets show steady to down 25 cents for various weight classes.
AP reporting from Chicago notes wholesale buying prices for live poultry unchanged to higher with White Rock fryers at 19 2 to 20 cents and roasters at 22 to 24 cents. Butter prices steady with 93 score AA at 57 3/4 cents and 92 A at 57 3/4 cents. Eggs show minor gains with whites at 39 2 cents and mediums at 33 cents. Potatoes arrivals numbered 155, on track 182, with russets at 3.60 to 3.75, Minnesota round reds at 2.50, North Dakota reds at 7.40, and Wisconsin gems at 3.20 in market activity.
USDA notes light egg offerings with fair demand and minor extras. quoted prices show 47 lb minimums at 40 2 4 cents, medium 40 lb averages at 32 2 33 cents, with checks 25 26 cents. Butter demand fair with creamery grades 93 AA at 59 59 2 cents, 92 A at 59 59? cents, and 90 B at 59 4 59 cents.
Sioux City Livestock reported receipts of 15 000 cattle and 1 500 calves. Slaughter cows and heifers were steady to 25 cents lower with some loads at 90.50. Choice and load lots of heifers ranged from 23.25 to 24.75, with several loads reaching 24.75.
Receipts at Omaha reach 20 500 cattle and 900 calves with early sales showing steadiness to weakness. Prices include some choice steers at 2435 to 2450 dollars and good to choice heifers at 21.50 to 24.00, with two loads of choice at 24.25.
Reports from New Delhi indicate a quake hit 56 villages across a 50 square mile area in the Kashmir valley on Monday. About 100 are reported dead and 5 injured.
Tailored market report shows Tuesday hog prices in Cedar Rapids holding steady with Saturday trades at 15.00 to 16.40 and many at 16.00 to 16.40. Packing sows near 14.00 to 15.50, with price deductions by weight class and grade. Local quoted commodities include No 2 corn around 0 dollars and soybeans at 2.38, oats listed as 36 pounds.
Community notes include a thank you from Mrs. Walter Van Fleet for hospital stay kindnesses. new barber shop at 325 4th Ave SW. members Elsie Callahan and Catherine Baschnagel at the International Twins Convention in Springfield Illinois. beauty salon services at Petite Beauty Salon 1024 3rd Ave SE. Also reports Optimist Club talk by Claude Runner. openings for men’s teams at Jubilee Lanes. copper theft at Willman Construction Co. site. a bicycling injury of seven year old Bennie Ekwall. Mississippi Valley Third Armored division picnic with officers elected. George Lemmon hospitalized in California. and Red Shield book store at 323 1st St SE.
Iowa Illinois Gas and Electric Co reports net income for seven months ending July 31 at 5 328 875 up from 4 969 825 last year per share 2 03 up from 1 89. For 12 months ended July 31 net 7 474 982 up from 7 185 595 and 2 81 per share up from 2 71. Natural Gas Pipeline Co of America refunds total 21 800 with Cedar Rapids area 4600 as rate reduction 0 01 per CCF. heating customers get 0 11 extra.
Washington AP reports debris spotted on Twentieth Street SE as the bathyscaphe Trieste assists the Thresher wreck recovery. C Lawrence, 20, of 362 sighted debris and was charged with reckless driving by police.
Demand edged higher for several contracts as speculators boosted prices in Tuesday trading. Sept corn and soybeans led gains with most old crop wheat months up, and healthy activity noted from mills and exporters in wheat.
An item notes a speed from Third Avenue SE onto Eighth Street and a call to Fifield Opticians. It reports Howard Langton owner of Rap id Body & Fender Co stating a 1953 model car in the lot was stripped of $50 in parts between Saturday noon and Tuesday 7 a.m.
A Cedar Rapids federal court jury was chosen to try William J. Kristan a former Lisbon resident now in Rockford Illinois on forging his former wife name to a 590.63 tax refund check and passing it in Marion on Sept 16 1960. The case could end in one day with defense noting consent and no criminal intent. A separate default judgment against John J. Weber for 3019.16 on a soil conservation acreage reserve contract violation was issued Tuesday.
Davenport AP report says Rep. Fred Schwengel was charged with driving 41 mph in a 25 mph zone on Sunday. He stated I just got caught and plans to appear in municipal court Tuesday in his hometown.
Indonesia's foreign ministry filed a strong protest Tuesday against Malaysia's decision to form Malaysia on September 16, prompting diplomatic objections from Jakarta.
Notice issued that Prastka Jewelers Inc an Iowa corporation based in Cedar Rapids was dissolved on August 11 1963 by unanimous consent of all voting outstanding stock. President Robert L Prastka Vice President and Secretary Maxine E Prastka. Kubicek Novak Kubicek Attorneys for the Corporation.
Qualified electors in Linn and Johnson counties Iowa vote September 9 1963 from 12 noon to 7 pm. Directors to fill Districts 3 and 4 terms three years and county board of education area 3 term six years. Polling places at Prairie High School Ely Public School Swisher and American Legion Building Fairfax. Dated August 14 1963. GLENN E SELZER Secretary Board of Directors.
Notices announce appointment of executors and administratrix in Linn County Iowa. Carl Hendrickson Jeraey named executor for Mary Icke. Mary F Schulte named administratrix for Bernard J Schulte. O Rieley Rosser attorneys listed.
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