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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 19, 1963
Page
15
The New York market closed higher in heavy trading with the averages at a fresh peak. Motors, steels, and tobacco shares led gains as a wide array of issues advanced, though volume was down from Wednesday. The late-session activity showed sustained strength across many sectors, including volatile glamour issues.
A single engine plane carrying three Illinois men crashed in rain and fog in a hayfield five miles south of Hillsboro Wisconsin while en route to International Falls Minnesota for a fishing trip. Wreckage covered rough terrain and two planes were suspected but only one was found. Authorities found flying licenses on two men and could not confirm the pilot.
A two story frame house on the Edmund Johnson farm 44 miles east of Winthrop on highway 20 burned to the ground Thursday morning. The cause is unknown. Johnson, a bachelor, was away when a passerby reported the fire. Winthrop and Masonville firefighters prevented spread and kept the blaze from spreading further.
USDA estimates Friday receipts include 7 000 cattle 6 000 hogs and 300 sheep. Hogs and sows sold up to 25 cents higher in an active market with butcher hogs mainly 1 2 00 230 lb at 16 25 16 50. Cattle receipts 500 head as a test of prices with steers 925 1 100 lb 22 50 24 00 and cows 14 50 16 25. Sheep 500 spring lambs steady to 50 lower with lambs 90 105 lb 20 50 19 50 and ewes 4 00 6 00.
Demand remains good as butchers gain up to 25 cents over Wednesday. Sows hold steady with some 25 cent bumps. Estimated Thursday receipts 70 000. weekly 60 000. year 58 000. age 61 000. S. 1 3 butchers 200 240 Ibs 14 75 15 50. 240 270 Ibs 14 25 15 35. U S 2 3 270 300 Ibs 13 75 14 90. U S 1 2 butchers 200 240 Ibs 14 85 15 75. Sows 270 330 Ibs 13 75 14 90. 330 400 Ibs 13 25 14 40. 400 550 Ibs 11 50 13 65.
Sioux City cattle receipts 2,500 with no calves. Slaughter steers and heifers steady. Choice slaughter steers 23.50 to 24.25, including a few prime at 24.75. Choice heifers 22.50 to 23.25, loads average to high choice 23.00 to 23.75.
Receipts 3,000 cattle with calves at 25. Slaughter steers and heifers steady in cleanup. High choice and some prime steers bring 24.75 per cwt while other good and choice run 21.75 to 24.00. Part loads show high choice 959 Ich neiters at 23.50 and other good to low choice 21.00 to 23.00.
In Chicago, traders boosted wheat and rye on expectations of a U S policy reversal on grain sales to Russia. September corn rose on short covering, oats advanced, soybeans mixed as prices moved higher and lower across the board.
Chicago cash provisions list No 2 hard wheat at 2 072. Corn prices include No 1 yellow 1 372 No 7 yellow 1 372 and No 3 yellow 1 372 sera sample grade yellow 1 32% oats show No extra heavy mixed 70c sample grade extra heavy white 67 2c No 1 extra heavy white 7c Soybeans show no sales Soybean oil quoted 8 1/2 to 8 9/10 cents per pound
AP dispatch shows wholesale butter prices up by 4 to ic, eggs mixed with some declines, potatoes arrivals and shipments steady. demand slower due to Jewish holiday in Chicago region. Washington and Minnesota prices cited. New York notes gentle demand for eggs and steady butter with unchanged prices.
Ralph L. Edwards, owner of the One-O Two Club at 102 Third Avenue SW, told Cedar Rapids detectives that a burglar removed a rear door window board and crawled in overnight. About $500 in cash, $300 in checks, and around 75 packs of cigarettes were stolen between 1 and 7 a.m. Wednesday. Edwards reported the loss at 11:45 a.m.
C R Markets reports Cedar Rapids hog prices were steady with Thursday quotations ranging from 14.25 to 15.25 dollars, sows at 13.50 to 14.50, and lighter weights discounted. Cattle and sheep values listed with various weight-based differentials and grain, egg, and poultry prices included.
City officials report Chamber of Commerce directors will convene at noon Friday in the Roosevelt hotel. Evans treatments advertised for circulation and health relief. Local merchants advertise goods and services including sausages bread and cheese. High Twelve Club features Ed Bruns discussing adventures in art at noon Friday in the Embassy club. Free rides and parking offered by downtown merchants. Catholic Laymen’s club hears Regis coach Tom Good at Friday noon luncheon at the Roosevelt. Square dancing beginners class at YWCA Friday 7:30 p.m. Harvey C. McClary reelected Iowa Savings and Loan League director. Loren Dorr named president. Begginner square dance classes noted at YMCA. Merle Norman cosmetics opening Sept 23 at 406 ORC building. Roy Hart and Mark Jensen and local family noted after bicycle-car collision on Ellis Boulevard. Big Rummage Sale by King’s Daughters Circle 3626 Cave NE. Flower delivery by Pierson’s Florists. Mrs Charles H Duster attends funeral in Santa Barbara, Calif. LeMar Beaute Salon offers complete facial service. Skates stolen from storage shed on 12th Street NE. police report. Hladky’s advertises Wilson’s aged beef at 1600 Fourth Avenue SE.
Five Eastern Iowa residents enlisted in the navy and were sent to the San Diego training center for recruit training. They include Eugene Wenthold Decorah 19 a nuclear submarine electronics technician Jerry Lahey Dyersville 18 hospital work Richard Koepp Decorah 17 David Matter Decorah 19 and Dale Zidlicky Decorah 17 in general fields. Kenneth Murray Iowa City 22 joined the army and headed to Fort Leonard Wood for basic training before signal corps. Also reported home on leave were Michael Folkers Scotch Grove 18 en route from Great Lakes to shipfitter school in San Diego and Second Lt Gary Hrdlicka Iowa City 1069 Twenty-seventh St NE began active duty at Fort Gordon Ga with signal training and airborne infantry to follow.
The guidance stresses that for a 69 year old investor living on dividends the decision to sell should focus on quality and current yield over simple profit or loss. For Arizona Public Service and Parke-Davis, yields at or above 4 percent are preferred, with emphasis on reliable income now rather than future capital gains. Investment quality matters more than paper gains for a safe, steady return.
Lt. Col. Charles R. Hamm, from Cedar Rapids, moves from Schofield Barracks Hawaii to the army surgeon general's office in Washington. He will join the war plans section of the directorate of plans supply and operations.
Public improvements commissioner Woody Stolba reports the First Avenue bridge project is about six percent ahead of schedule with a March 1964 completion target. If weather allows this fall the work could end early, and the city pays as sections finish. Detours are considered. officials will decide whether to keep the bridge closed until completion.
Two members of a former Mason City family and a third person were killed in a Utah traffic accident. Cyrilla Rogers formerly of Mason City and her daughter Pamela seven, and Jack Ward of Diamondville Wyoming died when their car collided with a semitrailer near Coalville Utah. Mrs Rogers husband John and three other children were injured.
Iowa receives an Award of Achievement from the Insurance Institute for Highway Safety for its public high school driver education program. Six other states including Minnesota are co-recipients. awards announced in Washington, D.C. States must offer qualifying courses to at least 60 percent of eligible students to qualify.
Grinnell farmer Paul Krumm died from injuries suffered in a two car collision on a gravel road about half a mile west of Grinnell. The wreck occurred Wednesday night, with authorities investigating the cause of the crash.
Ohio Senator Lausche, once a backer of the nuclear test ban treaty, announces he will vote against ratification. He warns the pact could empower Russia and endanger U.S. security, joining 14 others opposing the pact while the committee had recommended approval.
Clermont report says Mrs Knute Solheim 76 caught her left hand in a washing machine wringer on Wednesday severing tendons and she remains hospitalized.
Court actions in Judge Miles Adams court this week include speeding fines for multiple Cedar Rapids defendants such as Rosemary Merritt and Lawrence Brandt, plus bond obligations for several others. Violations cover driving the wrong way, faulty mufflers, stop signs, intoxication, assaults, and prohibited sales with Cedar Rapids addresses and several out-of-town entries.
Carl Kruempel of Independence manager of the Buchanan County Rural Electric Co operative was elected president of the Managers Section of the Iowa Assn. of Electric Co operatives. Other officers elected were A R Hager strand of Cherokee vice president and George Hall of Anamosa secretary treasurer.
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