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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 05, 1963
Page
1
New York stocks closed higher extending gains into a closing push that carried the Dow Jones Industrial Average above its December 13 1961 peak. Volume was about 5.2 million versus 6.06 million the day before, with blue chip strength aiding the finish. market tape showed varied bid quotes and a broad advance across several industrials and manufacturers.
AP notes steady butter wholesale prices with varied grades, eggs show irregular wholesale trends with grade specifics, and potatoes report arrivals on track with light supplies and moderate demand. Carrot track sales list Washington and Minnesota red varieties with prices from 1.95 to 4.50 per unit and regional market weak sentiment cited.
New York produce notes indicate adequate eggs offerings with improved demand. Extra large eggs quoted at 39 to 40 cents for 47 pound minimum, extra medium 35 1/2 to 36 1/2 cents, standards 31 to 32 1/2 cents, checks 26 to 27 cents. Butter supply adequate with fair demand and unchanged prices.
Cedar Rapids Mayor Bob Johnson said it will take weeks to determine if improvements at Waterloo’s sewage disposal plant will cut Cedar River pollution. He added a potential third phase depends on Waterloo and state officials, with a two week waiting period before full operation. If state and Waterloo disagree, the courts will decide the outcome.
Academy Award winner Shelley Winters appears as Ruth Owens in Friday's Trailmaster episode at 3 o'clock on KCRG TV 9. She stars alongside the episode’s cast in a prime time feature.
Official Friday receipts in Chicago show cattle 5,000 head hogs 6,000 head and 300 sheep. Vendors report slow trade with hogs off by 25 cents per hundredweight amid light demand and steady cattle tone.
The butcher hog market extended its weaker trend with some offerings 25 cents per hundredweight lower in slow trade for about 6,500 head. Slaughter steers were limited, mostly in the 825 to 1,100 pound range, with choice grade selling at $24 and up.
Chicago market figures show hogs at 6,500 head with varying prices by weight and grade. Slaughter cattle and calves present limited data with steers around 24.00-24.85 and cows 14.25-16.00, while lambs and sheep also cited with prices for spring slaughter lambs and shorn ewes.
Des Moines reports show steady to 25 cent declines across cattle categories with estimated receipts at 60,000 and week-ago actuals 44,000. U S 1 3 butchers 200-220 lbs bring 15 35 to 16 00, 240 270 lbs 14 75 to 15 85, U S 2 3 270 300 lbs 14 25 to 15 40. Sows range 11 75 to 15 50 per hundredweight across weight classes.
Waterloo market reports show liveweight prices across weight ranges for boars and sows with 170 to 550 pound categories. Prices decline from about 12.25 to 15.10 per hundredweight as weights rise, with sows quoted up to 14.50 for 270-300 pounds and down to 11.75 for 500-550 pounds.
Prices Thursday at C. R. Markets ranged from 15.75 to 16.00 for hogs and 14.00 to 15.00 for sows 300 lbs and lighter. Butchers, packers, lambs, poultry, eggs, and feeds showed varied bids and discounts by weight and grade, with corn at 1.22 and soybeans at 2.39.
Chicago traders saw wheat rise while corn and soybeans fell after profit taking from three prior advances. A private crop report estimated 1963 yields at a record 740 million bushels, pressuring soybeans and keeping most grains in mixed territory.
Chicago AP notes market quotes with no wheat or soybean sales recorded. Corn prices steady at No. 1 and No. 2 yellow at 1.36. Oats quotes seen as No. 1 and No. 2 extra heavy white at 7 1/3 and 7 1/3 cents per bushel. Soybean oil price listed at 8n.
Sioux City market reports cattle receipts 3 500 with calves 200. Steers and heifers steady. Choice slaughter steers 23.75 to 24.50 with some prime up to 25.00. Choice heifers 23.25 to 23.75 with several loads at 24.25.
Omaha cattle receipts 3,506 with no calves. Slaughter steers steady, choice heifers steady, others weak. Prices: good to average choice slaughter steers 23.25 to 24.50, good and choice heifers 21.00 to 23.50, load choice 24.00.
Cedar Rapids adds a 21 bicycle parking area at Municipal Lot 10 on Third Avenue SE and a pay-by-ticket overtime fine system at Municipal Lot 11 on Fourth Street SE. Commissioner Frank Bush says the bike lot combats theft amid 400 bikes stolen this year and urges padlocking. The fine system lets drivers pay at the lot cashier during the day. 25 cents within an hour of issue, up to $1 after. About 15 percent of fines are paid at the lot. others go to the police station.
VINTON Services for George Gordon 82 a longtime volunteer fireman and former fire chief will be held Saturday at 2 p.m. at First Methodist church. Gordon was superintendent of maintenance at Iowa Canning Co until Green Giant plant closure. Survivors include his wife Sophie six daughters and three sons. Friends may call at Fry and Holland funeral home after 9 a.m. Friday.
Charles J. Beck of 945 Fairview Drive announces his candidacy for city council at large in the November election. A 42 year old University of Iowa graduate, he works as a therapist at the Anamosa security mental hospital and previously served in the Iowa Department of Health as a venereal disease investigator. He earned a 1959 American University scholarship in correctional administration, helped organize the Iowa Welfare Association Corrections Division, and has written on corrections and crime control. Beck has covered Marion council meetings since earlier this year. He is active in several societies and church, with a wife Adele and two children Katherine and Karl.
The page notes thank you cards for a 50th wedding anniversary from Mr. and Mrs. John Zier. Rainbow Girls meet Saturday at 1 p.m. at the Masonic temple with officer elections. The office will close Friday afternoon in memory of Mayor Brewer. Kay Gee Studios and Robin DeWald report a minor surgery for the seven year old at St Luke's. Irwin's ad seeks a young man for clothing and shoe business training.
Judge Miles Adams heard speeding and traffic cases from Cedar Rapids, Des Moines, and surrounding areas. Defendants include Lonnie Black well, Mary J. Rittner, Richard Gohman, Melvin Cooley, Loreld Anderson, Donald O’Brien, Dorothy Hahn, Vincent Woodson, James Hulshizer, Richard Bennett, Charles Randall, Ronald Titler, Roger Jensen, Norman Smith, Robert McGlohan, Rex Naylor, Ronnie Noth, Lynette Dunlap, Terry Kemp, Frank Vanourney, Lee Richmond, Joe Morgan, and Wayne Mills. fines and bonds ranged from 2 to 50 dollars.
Lawrence based Craig Systems Inc reported about $500000 or 62 cents a share for the year ended July 31 up from $453817 or 57 cents a share the prior year President Erick Randers told the Wall Street Journal. He forecast a 10 percent rise in fiscal 1964 earnings and noted a $5 million backlog mostly in military work.
Brewer services will be held Friday at 1 30 p m at First Methodist for Mayor George H Brewer who died suddenly at city hall. Rev Herbert G Kohl of Marion Christian church will preside. Burial at Cedar Memorial. City offices and water department closed Friday. library to close 2 30 p m. Casket to remain closed after service. Friends may call Murdoch chapel until 10 30 a m Friday and until 11 at church.
Sam Shulsky advises an investment club to take profits only when a stock is overpriced relative to market metrics and industry peers, not merely because a profit exists. He notes seasoned, quality firms tolerate declines, and decisions should weigh future prospects rather than current losses or gains, with patience for upward trends.
Boeing Co. won a six million dollar R&D contract to develop the Hibex quick reacting booster for an anti missile system. The Seattle work begins immediately as terms are negotiated, with Lockheed the runner up in the competitive award.
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