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Freeport Journal-Standard from Freeport, Illinois • Page 8

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Freeport, Illinois
Issue Date:
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8
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Page 8 Freeport (Ill.) Journal-Standard, Market Prices Tumble NEW YORK (AP) Stock market prices tumbled in heavy trading today against a backdrop of uncertainty about the international currency situation. The noon Dow Jones average of 30 industrials was off 10.39 at 930.76. Declines led advances on the New York Stock Exchange by nearly 6 to 1. Analysts said the heavy profit taking was partly in response to anxiety about the currency situation stemming from a news report that U.S. officials are hinting of a further delay in dollar devaluation.

They said another depressant was news that mutual fund redemptions rose to a record level last month. Losses ran through virtually every groups of stocks. Profit taking had appeared midway through Monday's session. After gaining nearly points, the Dow industrial average closed behind 1.73. 11.

A.M. Quotes Courtesy of Edward D. Jones Co. 608 State Bank Building Telephone 233-3118 American Motors Chrysler Colt Industries Commonwealth Commonwealth Edison Crum Forster Ford Motor General Electric General Foods General Motors. Goodyear.

Gould Holiday Honeywell Inc. Household Finance IBM International 3 Co. Northwestern Steel Wire RCA. ....40 Sears Standard Oil Co. (New Jersey) Sundstrand Texaco U.S.

Steel Corp. Westinghouse Electric Produce CHICAGO (AP) (PEN) Eggs unsettled; wholesale buying prices Tuesday unchanged; large whites 37; mediums 33; standards 31; checks CHICAGO (AP) (USDA) Butter: wholesale selling prices Tuesday unchanged; 93 score AA 67.784; 92 A 67.784; 90 65.784. Eggs: issued only on Wednesday and Friday. CHICAGO (AP) (USDA) Potatoes arrivals Tuesday's 62; on track 105; total shipments 181; old-demand moderate; market carlot track sales: Idaho russets' 4.75; Minnesota North Dakota Red River Valley round reds 2.402.50; -demand fair; market steady; Florida round reds in 50 lb sacks 2.75. Livestock CHICAGO (AP) Futures trading on the Chicago Mercantile Exchange Tuesday: High Low Close LIVE BEEF CATTLE Apr 34.67 34.52 34.60 Jun 33.77 33.65 33.72 Aug 33.17 33.10 33.10 Oct 32.50 32.37 32.37 Dec 32.30 32.15 32.15 Feb 32.35 32.17 b32.27 Apr 32.42 a32.35 32.42 HOGS Apr 24.90 24.67 24.80 Jun 27.45 27.12 27.27 Jul 27.75 27.37 27.75 Aug 27.20 26.95 27.05 Oct 24.92 24.70 24.75 Dec 24.90 24.65 24.70 Feb 24.20 23.70 24.12 FEEDER CATTLE Apr b38.50 May 37.32 32.32 37.32 Aug n36.00 Sep n35.85 Oct n35.10 Nov SHELL EGGS Mar 28.50 a26.95 27.30 Apr 26.25 25.85 25.90 May 28.10 27.40 27.45 30.80 30.25 b30.80 Jul 32.25 32.25 32.25 Aug n33.90 Sep 38.95 38.35 38.45 Oct n37.00 Dec 39.25 39.00 39.25 b-Bid; a--Asked; n-Nominal FROZEN PORK BELLIES Mar 40.75 40.20 40.45 May 40.82 40.25 40.40 Jul 39.95 39.35 39.45 Aug 38.60 37.75 38.00 Feb 37.25 35.95 36.80 Mar 36.25 a35.95 36.25 May b36.05 35.60 b36.05 JOLIET, Ill.

(AP) Cattle 900; no high choice or prime slaughter steers in receipts; balance steady to 25 lower; heifers steady to 25 higher; cows and bulls steady. Choice steers 35.50-36.50; good 31.00- Tuesday, March 21, 1972 34.00; high choice and prime heifers and choice 34.25-35.25; utility 35.25-35.75; commercial cows 21.00-26.00; bulls 27.00-31.00; 2,000 cattle estimated for Wednesday. PEORIA, Ill. (AP) (USDA) Hogs butchers 25 to mostly 50 lower; 1-2 200-230 lbs 23.75-24.25; 75 head at 24.50; 1-3 200-250 lbs 23.00-23.75; 2-3 240-270 lbs 22.25-23.00; sows 25 lower; 1-3 300-630 lbs 20.75-21.25. Cattle 600; slaughter steers steady to strong; heifers steady; mixed choice with some prime lbs yield grade 3 and 4 37.25 and 37.50; low to average choice grade 2 to 4 35.50-36.00; good 31.00-34.75; low to average choice lbs yield grade 2 to 4 34.25-34.50; good 29.50-33.50.

Grain CHICAGO (AP) A possibly stronger demand for soybean meal and oil generated buying interest in the soybean futures complex on the Chicago Board of Trade today. Soybean meal advanced $1 a ton while soybean oil moved ahead some 15 points and soybeans advanced cents a bushel. Wheat and corn prices were irregular but oats were weak. Iced broilers also were irregular and trade very light. Competing meals and oil have been strong at the cash level for several days and the demand has been active for soybean meal and oil futures.

Overnight, there was a report of an earthquake in Peru and trade sources thought its effect might force lower production of fish meal. This brought strong buying activity into meal and soybeans and, as always, as prices moved ahead shorts were forced to cover. Rain over wide sections of the Plains and Southwest states was considered beneficial to the winter wheat crop and this influenced selling that produced a loss of nearly 1 cent a bushel. Some recovery followed later. Corn and oats trade was light but there was a good commercial support move in deferred options in the corn pit.

Commercial interests were active sellers in oats. After about an hour, soybeans were to cents a bushel higher, March 3.42½; wheat was unchanged to cent lower, March 1.62½; corn was lower to higher, March 1.20⅝ and oats were to lower, March cents. CHICAGO (AP) Wheat No 2 hard red 1.65¾n; No 2 soft red 1.60¾n. Corn No 2 yellow 1.21¾n. Oats No 2 extra heavy white 78n.

Soybeans No 1 yellow 3.41n. Soybean oil 11.64n. CHICAGO (AP) Tuesday: High Low Close WHEAT Mar May Jul Sep Dec CORN Mar May Jul Sep Dec Mar OATS Mar May Jul Sep Dec SOYBEANS Mar May Jul Aug Sep Nov Jan 1.63¾ 1.61¼ 1.63¾ 1.56½ 1.54¼ 1.56 1.47½ 1.46⅜ 1.46⅞ 1.49½ 1.48⅝ 1.49¼ 1.54 1.52⅞ 1.53⅛ 1.20⅞ 1.20½ 1.20¾ 1.24⅛ 1.23½ 1.23⅝ 1.27⅝ 1.26¾ 1.26¾ 1.29⅜ 1.28½ 1.28¾ 1.27¾ 1.26¼ 1.26¾ 1.31⅞ 1.30⅝ 1.31¼ .71 .67 .65 .68 .68 3.46 3.38¾ 3.38¾ 3.49 3.39½ 3.43 3.53¼ 3.42 3.46 3.51½ 3.42 3.45 3.31¾ 3.25 3.25½ 3.16⅜ 3.10½ 3.12 3.20½ 3.15 3.16¼ Welfare Is Costly HOUSTON (AP) The state welfare commissioners say more money was spent on welfare programs in Harris County last yer than the state i is allowed to spend in all counties. "Almost $83 million in state and federal funds were expended last year on public welfare programs in Harris County alone," Raymond W. Vowell said.

Weather NORTHWEST ILLINOIS Tonight, variable cloudiness and cooler, low 35 to 40. Wednesday partly sunny and cooler, high 53 to 60. Sunrise, 5:59. Sunset, 6:10. Unofficial temperature at noon, 54 degrees.

Illinois extended outlook Partly cloudy and colder Thursday. Lows middle 20s to middle 30s and highs middle 40s to middle 50s. Partly sunny Friday. Lows middle 20s to middle 30s and highs upper 40s to upper 50s. Saturday mostly sunny and warmer.

Lows middle 30s to lower 40s and highs mostly 50s north and central and the lower 60s. NATIONAL LAWN GARDEN WEEK March 19-March 25 "Help Beautify Come in you'll find everything you need for a more beautiful lawn this year. Spring Open House, Mar. 25 LANG'S GARDEN CENTER 425 W. South Street Freeport, Ill.

Phone 232-9711 Daily Record It Is a principle of American Justice that an Individual is always presumed Innocent until proved guilly and a report that anyonc Is charged with an offense cannot be construed as proof that he committed the tense. We rely upon official public records for the Information published in this column. Arrests Terry D. Price, McConnell, was arrested today on a petty theft charge. He is accused of renting a television from Freeport Rental and not paying the rent.

He was released on bond of $1,000. Circuit Court CIVIL SUITS The Citizens Bank and Trust Co. of Warren has filed a $25,000 suit against Freeport Broadcasting alleging the money is owed on a note for that amount drawn on the bank Sept. 25, 1970. The suit also seeks $1,550 for attorney's fees.

Divorces Luella C. Holloway, Winslow, was granted a divorce from Harold C. Holloway, rural Winslow, on the grounds of mental cruelty. They were married Nov. 14, 1959, at Orangeville.

The mother was granted custody of their child. Delores E. Brandon, Rochelle, was granted a divorce from Glenn D. Brandon, rural Davis, on the grounds of mental cruelty. They were married Mar.

3, 1966, at Dixon. Norma L. Pieper, 1025 S. Adams was granted a divorce from Thomas A. Pieper, 1423 S.

Locust on the grounds of mental cruelty. They were married Aug. 5, 1967, at Freeport. The mother was granted custody of their child. Bankruptcies David L.

Walters, rural Ridott, filed a bankruptcy petition in Federal Court today alleging liabilities of $1,713.45 and assets of $300. He is a packer at Modern Plating Corp. Mary E. Scofield, Rockford, alleged liabilities of $1,852.06 and assets of $200. She is a dietary worker at Forest Hills Country Club.

Lyle E. Jenkins, Belvidere, filed under the wage earner's plan alleging liabilities of $2,166 and assets of $400. Accidents A car driven by Allison Holtkamp, 1508 W. American struck the rear of an auto driven by Dale A. Johnson, 983 Monroe Drive, in the May Drug Co.

parking lot Monday evening. Betty Johnson, a passenger in her husband's auto, was treated at Freeport Memorial Hospital for a pain in the neck and dismissed. A wrecked truck being hauled on another truck driven by James W. Mordick, 803 S. 13th slid from the truck into a car driven by Todd A.

Rutter, 765 Shimer Drive, at S. Adams Ave. and E. Main St. Monday noon.

There was minor damage. A hit-and-run vehicle damaged an auto owned by Robert Abersold, W. Main while it was parked in the 200 block of East Stephenson Street Friday afternoon. Fire Calls Firemen were called to 811 W. Stephenson St.

Monday morning to stand by some burning wires until a Commonwealth Edison Co. crew arrived. Freeport Catholic Schools Schedule Faculty Meeting Freeport Catholic schools will hold a citywide faculty mecting at 2 p.m. Wednesday in the Aquin Central Catholic High School library. Dr.

Joseph Schmiedicke of Edgewood College, Madison, will discuss educational theories. Catholic schools will be dismissed at 2 p.m. Wednesday because of the faculty meeting. Newell Names Sales Manager Newell Companies has announced the appointment of Robert W. DuBois as national sales manager.

In his new position, DuBois will direct all regional sales activities for Newell. Employed by Newell since January, 1969, DuBois has served as manager of market planning, director of merchandising and advertising, and most recently as director of product management. Juvenile Court System Described To Rotary Club Circuit Judge Robert D. Law described the functions of the juvenile court system in the state and Stephenson County in a speech Monday noon to the Freeport Rotary Club. Judge Law said the successful operation of the system is dependent upon many differnet departments of government, such as police departments, probation department, offices of the state's attorney and public defender and the counsel of lawyers.

Of major importance for communities of the 15th Judicial Circuit is the creation of a juvenile facility for immediate and short-term detention, Law said. He hoped that there will be continued support for the development of such a facility through the Winneshiek Foundation. Chiang Kai-shek Re-Elected By LEONARD PRATT TAIPEI (AP) Chiang Kaishek, Nationalist China's president for 24 years, was drafted today for another six-year term that could bring major political change to the island of Taiwan. It is the generalissimo's sixth term. If he completes it, he will be 90.

The National Assembly gave 1,308 votes to Chiang, the only nominee. Eight members abstained. The body re-elects Vice President C. K. Yen, 66, on Wednesday.

CORRECTION William Gums, whose arrest and circuit court appearance were reported in Monday's Journal-Standard, gave a fictitious address when he was arrested, the newspaper learned today. 20 Data From NATIONAL WEATHER SERVICE, NOAA. U.S. Dept. of Commerce 20 ION ART 20 40 30 WARM COLD 30 Rain 50 50 60 Shewers Until Wednesday Morning Figures Shew Law Temperatures Expected 50 MILD Flurries XXX Snow FORECAST Iselated Precipitation Net Indicated- Consult Local Forecast Every Wednesday Is KENTUCKY FRIED CHICKEN DAY America Loves KENTUCKY FRIED CHICKEN What The Colonel So Tender So Tasty Cooks! It's Finger Kentucky Fined CHicken Lickin' Good! INDIVIDUAL Reg.

$140 DINNER Includes: 3 pieces Special chicken, mashed potatoes, cole slaw, rolls, 19 spoon, napkin. 11 A.M.-3 P.M. Only COLONEL SANDERS' RECIPE Kentucky Fried Chicken. 1212 W. Galena 232-7315 Construction Tie-Up Skirts Freeport Area A current wage dispute between area iron workers and the Northern Illinols Building Contractors Association has had no immediate impact in Freeport.

Members of Iron Workers Local 498 based in Rockford have not been working this week, tying up several major projects in Rockford and in Beloit and Janesville, Wis. No picket lines have been set up at any construction location. One major Freeport project just under way, the new Freeport Clinic facility on West Stephenson Street, is a concrete frame building and does not use construction steel, according to a clinic spokesman. George Chabucos, business agent for the iron workers local, said the current problem concerns the refusal of the contractors to resubmit a portion of a wage increase negotiated last year to the federal Pay Board for acceptance. A $1.25 per hour pay raise gained in 1971 was tied up in the federal wageprice freeze.

Subsequently the Pay Board granted 65 cents of the raise retroactive to June 1, 1971, but balked at the rest. Further negotiations resulted in a 25- cent wage increase being requested of. the Pay Board. The federal body turned that down, but Washington, D.C., representatives of the iron workers now say the Pay Board will grant a' 15-cent increase if the contractors' association will agree to it, Chabucos said. Further talks between the union and contractors on the wage issue were being held this afternoon.

Chabucos said iron workers are now receiving a package hourly salary of $8.97, including wages, fringe benefits and employer contributions to training, welfare and pension funds. West Germans Start Programs For Dieting FRANKFURT, Germany (AP) "Food makes a belly and a belly makes esteem," says a German proverb. But obesity is no longer a Teutonic ideal. West Germans are being exhorted to "slenderize through sports" in a national physical fitness drive that has produced more converts than any other postwar promotional campaign. "The -Trimm Dich Durch Sport-started two years ago to encourage people of all ages to get up from their desks and easy chairs and start moving their bodies," says Karl Bellmer of the German Sports Federation, initiator of the fitness campaign.

"Trimm Dich uses humor rather than threats to convince Germans that sports lead to pleasure as well as good health," adds Bellmer, a slender man of 43. More than half of West Germany's labor force is forced to quit jobs health reasons 10 years before the normal retirement age 65. And physicians blame a quarter of a million heart attacks each year and countless circulatory ailments on the reluctance of West Germans to exercise. Trimm Dich, however, appears to have started a trend toward voluntary weight watching and exercising, especially among middle class Germans. Pilot programs are under way in factories and offices to test the concept of 10-minute exercise pauses during the working day.

Marriage Licenses AT FREEPORT David B. Hoff Kathy A. Hawkins. With no man Running a family is a tough job for a widow. She has to be both mother and father.

And housekeeper. Maybe breadwinner, too. But Country Life can make the job a little easier. Life insurance can pay off the mortgage. Put the kids through college.

Provide your family with a comfortable living. It can, that is, if you have enough. And your Country Companies agent can help you make sure you do. Why not give me a call soon? Your Country Agent BILL TAYLOR Freeport Illinois Phone 232-8111 Deaths Mrs. Oscar Smith Mrs.

Oscar (Lucille Smith, 1800 S. Galena who was employed by Heine Industries for the past 18 years, died Monday night at home following an apparent heart attack. She was born Jan. 29, 1914, in Forreston, daughter of Chris and Margaret (Conrad) Weegens. On June 19, 1943, she was married to Oscar Smith in Freeport.

Surviving are her husband; three daughters, Mrs. Robert (Betty) Wing and Mrs. Dona Egli, both of Freeport, and Mrs. Dean (Frances) Lambert of Floral, a son, Gerald Herbig of Freeport; 16 grandchildren; two greatgrandchildren; two brothers, William and Milford, both of Freeport; and a sister, Mrs. Anna Graff of Freeport.

She was preceded in death by her parents and a sister. Funeral service will be at 1:30 p.m. Friday in Walker Mortuary. The Rev. Thomas E.

Forrester, pastor of Calvary Baptist Church, will officiate. Burial will be in Grandview Cemetery. Friends may call after 2 p.m. Wednesday at the mortuary. Harry E.

Westenberg MOUNT MORRIS Harry E. Westenberg, who resided in Mount Morris for the past 38 years, died Monday night in his home following an extended illness. Mr. Westenberg, a farmer, was employed by Kable Printing Co. here before retiring in 1965.

He was a member of Mount Morris United Methodist Church. Born June 30, 1883, in Kirkland, he was the son of Lewis and Phoebe (Zubler) Westenberg. He married Dorothy Van Over Oct. 1, 1932, at Richmond, Ind. Surviving are his widow; a daughter, Mrs.

Charles (Patricia) Walters of North Aurora; three grandchildren; two-great-grandchildren; and a sister, Miss Ethel Westenberg of Rockford. Funeral service will be at 1 p.m. Thursday in the United Methodist Church with the Rev. James E. Scorgie, pastor, officiating.

Burial will be in Chapel Hill Cemetery, Dixon. Friends may call from 7 to 9 p.m. Wednesday at Finch Funeral Home here. FUNERAL DIRECTORY BURKE-TUBBS FUNERAL HOME Cor. N.

Walnut and W. Galena Phone 232-0613 SCHWARZ FUNERAL HOME 816 South Galena Avenue Phone 232-9017 G. T. Schwarz, W. R.

Cramer WALKER MORTUARY 321 West Main Street Phone 232-2136 WEDNESDAY WESSEL, Roy Frederick 10:30 a.m. at the Mortuary, Friends may call after 2 p.m. Tuesday. A memorial has been established in his memory for the Boy Scout Camp Fund. Donations may be made to Dr.

Harold Held, Freeport. FRIDAY SMITH, Lucille (Mrs. Oscar); 1:30 p.m. at the Mortuary. Friends may call after 2 p.m.

Wednesday. HAVING TROUBLE HEARING? It look three years of research and thousands of individual hearing evaluations to come up with a working solution to nerve deafness but it's here. The Audiotone Curvilinear Compressed Output Circuit (ACLC). This remarkable electronic discovery automatically prevents sudden harsh noises from depriving you of the crisp, clear reception so essential to more natural hearing. Yes, it's true, ACLC could be the answer to your nerve deafness! But hearing is belleving.

TRY. Before You Buy! Kuhlmeier HEARING AID CENTER 130 North Church Street Rockford, Illinois 61101 Bob Kuhlmeier Will Be At CRAWFORD DRUG 19 W. Main St. Freeport, MI. Every Thursday From 3 to 6 P.M..

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About Freeport Journal-Standard Archive

Pages Available:
300,109
Years Available:
1885-1977