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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Aug 22, 1963
Page
7
New York stock quotations show varied gains and losses across major names. Prominent listings include Am Can, Goodyear, Int Natl Gas, Boeing, Ford, Sears, Pepsi Cola, and U.S. Steel with several firms posting fractional changes amid a broad market retreat and selective advances.
Daily Report lists licensed tawed and Muscatine residents in various docket items. Entries include support orders, probate noting Marion Smalley’s intestate estate, births and dismissals, admissions and dismissals, and traffic-related fines and costs across Muscatine and nearby towns.
A terse market summary notes potato arrivals in Chicago and key regional movements. Supplies are moderate while demand is slow. market remains weaker with noted tracks in Washington and Wisconsin red varieties. Prices referenced include 4,004.65 for Wisconsin round reds amid a broader, subdued demand environment.
Chicago buyers report wholesale buying prices unchanged across grades with only slight gains for some top quality items. Markets show mixed quality with dirtier lots and standard items trading at typical levels as buyers assess wholesale chocolates and other produce.
Town bankers led agricultural credit at year start says Br. A. Negus Wilton Savings Bank official and Town Bankers Association member In Muscatine County The End annual farm lending summary shows Iowa banks held 680 million in loans up 16 percent from the prior year with 602 million production loans and 78 million farm mortgages Other lenders include life insurers 368 million the Federal Land Banks 107 million Production Credit Associations 53 million and Farmers Home Administration 36 million in real estate loans Overall production credit mainly came from banks About 83 percent of farm production credit came from banks and capital investment in farming has risen sharply over the past century with national farm investment around 199 billion and average per farm about 762 times a decade ago Farmers and banks remain closely aligned to improve arrangements
Chicago bid prices held steady as the hog market showed only modest activity. Trade centered on 3,000 head with top quotes at 18.25 for select 210 lb No 1 and 2 mixed hogs, while light slaughter hogs ranged around 22.25 to 22.50 for small lots. Cattle and calves offered were uneven with slaughter steers around 22.00 to 22.50 and cows 15.00 to 16.30. sheep saw spring lambs steady to slightly lower, with top spring lots near 21.00 and other grades 18.50 to 20.00.
Trading was active in New York markets with savings and loan holding companies rising in the mixed session. The Dan Jones industrial average edged up to around 1589 as losses and gains balanced through the afternoon.
Readable fragments show cattle and calves offered with prices per hundredweight and weights. Sheep listed around 500 head with limited buyers. Sections mention frost concerns and incomplete totals, indicating a quiet sale with modest demand and few high grade lots.
Fragmentary Chicago cash grain terms list various grades and lots including corn yellow oats heavy white and soybeans. Notes mention No 3 yellow corn No 2 extra heavy white soybeans and general grain sale context from a historical market item.
Obituary items report funeral services for several residents. Vérry A. Weikert and Mrs Floyd Franklin are noted with chapel services, interments at Greenwood and Memorial Park, respectively. Durant's William Untiedt service, Max Frick organist, and Hildebrand Runbom Runborn family details are included.
Midlant Tex. Im Jeff Riley led at the halfway mark in the International Junior Chamber of Commerce golf tournament Thursday with a 36 hole total of 142. Six strokes behind with 148 was Gary Gottschalk of Dubuque Iowa who shot a four over par 76. Connor Flying of Des Moines was 163 and in the motive division Roger Puls of Dubuque shot 163 while David DeHaven of Sumner had 172.
Del Williams won the feature race at West Liberty with Bill Swanger second, Cal Swanson securing the semi main, and Charley Moffitt and John Moss also placing in the event. Two wheels were lost during the feature but no injuries were reported.
Chicago Board of Trade activity posted gains across grains with buying support from commercial and speculative traders as concerns over dwindling stocks persisted. Wheat and oats rose modestly while corn and rye dipped slightly. soybeans advanced with higher September quotes as short covering increased.
Legal notice announces the Muscatine Community School District election on September 9 1963. Polls open 7 AM to 7 PM CST DST across three wards at Fire Station No 1 Lincoln and Franklin schools Lincoln School and voting precincts listed. Nominates two directors for three year terms and one six year term on the County Board of Education for area 4. Secretary Ruth A. James signs the notice.
State probate notices record the opening and reading of a will for Assa ura Clyfe Duncan deceased in Muscatine County. The Clerk of the District Court schedules a hearing on the will for August 6 to determine if it should be admitted to probate, with interested parties invited to contest. Florence Heizler, Clerk. J Robert Lewis, Attorney.
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