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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 27, 1957
Page
3
Chicago markets show hogs steady to strong with gains up to 25 cents and sows weaker. cattle steady with some good steers and heifers trading higher. Des Moines receipts rise with mixed hogs and sows up to 50 cents. prices quoted across weight classes for barrows sows and bulls, reflecting an active but uneven trading day.
C R Markets reports Cedar Rapids hog market held steady on Friday with plant delivered quotes for good No 2 butchers and sows. Meaty No 1 high yielding stock priced up to 50 cents over, No 3 under by as much as 50 cents.
New York AP reports stock indexes closed slightly higher on Friday with leading issues pushing gains to two points or more. Declines among pivotals were modest and overall volume reached about 1.75 million shares.
The Family Automobile Policy insures the family car with simpler terms and broader coverages. It is automatically in effect for most private car owners and adds new protections beyond standard contracts.
In Chicago market notes live poultry remains steady with varied prices for cheek Healy sete cens sed steady and Swiss Grade A at 42 to 44 cents. Butt meats show firm demand with high tonnage. white large extras and other cases listed. Potatoes report arrivals of 74 tracks with U S shipments 415. Wisconsin round reds at 3.50 and Washington russets at 3.25 per bag amid moderate supplies and steady demand.
A fragmentary recap shows a 63 4 3 score and mentions Bog and Steady with 98 at some point. The readable text references athletics, a creamery, and possible extras, but details remain uncertain.
Cattle receipts around 1,600 with calves scarce and bids steady. Feeder and hog demand remains mixed as canners and cutters bring about 7 500 units. Indications suggest most cows and stockers will be carried over to next period.
Fragmentary OCR notes show references to steers and sales figures around 900 with mentions of steady pricing and around 150 to 194 units. No clear names or locations are readable.
Auto dealers face slimmer profits as the profit margin on new cars before taxes falls under 2 percent, even with high sales volumes. The data cited by N. AO highlights ongoing pressure from costs, competition, and financing incentives squeezing dealer earnings.
Grain markets were irregular Friday with prices mostly higher in late trading. Hedging and liquidation caused early declines while covering and weekend positioning yielded small gains. soybeans eased due to commission house selling as wheat, corn, oats, rye and soybeans showed mixed moves and futures quoted in December and November contracts.
The report lists prices for corn varieties, yellow and white corn grades, and soybean products. Notable figures include yellow corn at $1.26–$1.24, soybean meal at $49.00, and malting barley around $1.26–$1.30 with feed barley noted. Prices appear in scattered form with incomplete entries.
Great Britain holds on to substantial U.S. share holdings while dollars are scarce. Lionel Corp expects 1957 earnings below last year’s $2.08 per share on $22.83 million sales. Lily Tulip Cup’s Q3 likely to beat last year’s $1.02 per share with sales above $23 million. Paramount earnings to top 87 cents per share with stronger full year. Goodyear sees 5 to 6 percent sales rise and earnings above $6.50. Merrill Lynch projects a mixed market with bottom not yet formed and trading range holding between current levels and last summer’s highs.
Special to The Gazette reports Lansing residents vote 255 yes and 17 no to grant a 25 year franchise to the People's Natural Gas Company in an election held Thursday.
The Milwaukee Road named F G McGinn as general manager lines east headquartered in Chicago effective Oct 1 succeeding retiree J H Stewart. P J Weiland becomes general manager lines west based in Seattle. L V Anderson is assistant general manager in Chicago and H M Warner takes a new manager role in Chicago handling claim prevention refrigerator and merchandise service.
Local notices show residents traveling to New England and Canada for three weeks. Ames enrollment for Harold Ransier at Iowa State College is noted with ads for household items and apartments. A gun accident near Cedar Rapids left John Schrader with a hand injury, while other notes mention visitors and housing offers.
DES MOINES The Iowa Society of X Ray Technicians voted to hold its 1958 convention in Cedar Rapids. The two day session completed with officers elected: Marilyn Holland Des Moines president Geraldine Anangst Cedar Rapids vice president Sister Anne Marie Cedar Rapids secretary and George Gott Des Moines treasurer.
An early Friday crash on a county road near Albia, Iowa left Edmund Crall 59 dead and two others injured. James Sinnott Jr. 32 and his father James Sinnott 57, both of near Albia, were hurt with injuries not yet determined. The death raised Iowa’s 1957 vehicle toll to 527, four fewer than the prior year.
Thomas Gaffney aged 68 of Clinton died when a car carrying another Clinton man left the road, cleared a fence and landed in a cornfield on highway 64 two miles east of Preston. Steve Edwards, the driver, suffered broken ribs and other injuries and was taken to a Clinton hospital. Patrolman Dick Ades said Edwards failed to negotiate a curve and the car went about 595 feet off the highway.
Short items from Cedar Rapids community life include lectures, hospital transfers, shop openings, and public notices. Roy Swan announces an Evening Optimist talk at Nick’s Restaurant. Lee Osborn moved from Mercy to Veterans hospital in Iowa City for observation. Stylon Beauty Salon opens Sept 30 at 402 Paramount Theater Bldg. Barbara Eckstein joins Jane Boyd Community House as Girls' Worker. free spinal checkups for schoolchildren offered by Dr. Lee. Three local residents elected to State Historical Society of Iowa: Doris Farnsworth, Lucille Fries, Ruby McCloskey. Velma Chesmore’s license suspended 30 days for reckless driving with a guard-rail collision. Married and In Love starring Alan Marshall shown at Hawkeye Theater KC at 9:30 p.m.
Atty. Gen. Norman Erbe ruled that Iowa's 16 junior colleges may receive a 300 percent increase in state aid from 25 cents to 1 dollar per pupil under the prior law. Regents had delayed approval pending standards, but Erbe said current lack of standards allows the increase with agency approval and won’t affect the 1996-97 year. Officials plan a meeting next month to set prospective standards.
A reputation odds maker from Athletic Publications Inc of Minneapolis applied for permission to do business in Iowa. Secretary Mel Synhorst said papers appeared in order but will confer with Attorney General Norman Erbe on legality. The firm had earlier pursued Davenport and claimed no gambling activity, asserting Iowa operations would not breach gambling laws.
DES MOINES AP Permisson was granted to discontinue agencies at five Eastern Iowa towns though most stations showed a profit. In 21 decisions the Iowa State Commerce Commission offered an alternative of dualizing the service at Newburg Searsboro Wayland Packwood and Latimer with one agent serving two stations part time within 30 days. The commission warned full agency in lightly used communities wastes operating costs passed to the public.
DES MOINES AP The Iowa State Tax Commission plans to hire former Tax Commissioner Ray E Johnson of Muscatine for a property tax division post. Her six-year term ended July 1 and was followed by Emlin Bergeson of Sioux City giving Democrats control of the commission. Johnson, a Republican, has held state treasurer comptroller and executive council roles.
Newport dispatch reports Senator Russell challenges troop actions at Little Rock. Russell votes against civil rights bills and sent messages to President Eisenhower and Defense Secretary Wilson accusing troops of high handed tactics reminiscent of Hitler's storm troopers.
Dr Frank R Peterson of Cedar Rapids received the distinguished service award of the Neeb Valley Medical Society in St Louis at the society’s annual convention banquet. He is a surgeon and former head of the University of Iowa surgery department, past president and present member of the Iowa State Board of Medical Examiners.
A jumble of ads lists watch and diamond sales, unclaimed clothing, sewing and alterations, private rooms for care, well drilling, tree and painting services, cement work, rubbish hauling, and printing. Entries include contact numbers and addresses across various trades and offerings.
Boone Iowa Rep Clark McNeal charged Rep Merwin Coad and Gov Herschel Loveless with financial policies during a Sixth district Republican committee barbecue. McNeal said Hoffa will back Iowa campaign efforts, while Coad challenged to debate his congressional record and Loveless vetoed capital improvements hurt education. Coad pledged to debate records when Sixth district selects its candidate to defend the farm program and high interest policy.
Oelwein prepares to recognize new safety council officers at a Tuesday dinner. The event will also present a National Vehicle Safety Council plaque for annual safety lane checks, the only Iowa award of 17 nationwide. Officers elected Thursday: Lew Warren president, Richard Shirk vice president, Herb Colby treasurer, Evelyn Eck secretary. A director board will be named later. The council will cover traffic, fire, school child, home and industrial safety.
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