The Des Moines Register from Des Moines, Iowa on August 27, 1975 · Page 20
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August 27, 1975

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The Des Moines Register from Des Moines, Iowa · Page 20

Des Moines, Iowa
Issue Date:
Wednesday, August 27, 1975
Page 20
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4S / DES MOINES REGISTER Wsd., Aug. 27, 1978 Northern Natural sees '75 net 'better' than '74 Leased Wire In The. Register Northern Natural Gas Co.. Omaha, Neb., which serves parts of Iowa, expects 1975 earnings to "better" the $120.2 million, or $10.61 a share, earned in 1974, W. A. Strauss, chairman and president, told securities analysts in Los Angeles, Calif. For the first half of 1975, as previously reported, the company earned $66.9 million, or $5.92 a share, up 7.1 per cent from the same period a year ago. Revenues were $564,4 million, up 13.7 per cent. Strauss attributed the ei- pected improvement in 1975 income to a strong increase in demand for the company's petrochemical products, antifreeze and low density polyethylene. The company's petrochemical complex ran at 50 per cent of production capacity for polyethylene in the first half, hut it, is currently running at 100 per cent capacity. Strauss said Northern Natural's revenues for 1975 will be around $1.1 billion, give or take $30 million or $40 million. He noted that demand for liquid fuels, particularly propane, was "very strong" and contributing to earnings growth. Woolworth net up 66% F: W. Woolworth Co., eighth ranked retailer in the nation, said second quarter earnings soared 66.2 per cent on a 9.8 per cent rise in sales. Chairman Lester A. Burcham said the strong results came mostly from domestic operations including Woolworth and Woolco stores, the Kinney Shoe Corp. and Richman Brothers Co. He added that first-half sales in Woolworth's British subsidiary were running 29 per cent ahead of last year so far. Second quarter earnings totaled $19.1 million, or 63 cents a share, up from $11.5 million, or 38 cents a share, the comparable period last year. Sales hit $1.1 billion, compared with $1 billion a year ago. In the sir months ended July 31, Woolworth earned $21.7 million, or 69 cents a share, up about 6 per cent from $20.3 million, or 65 cents a share, last year. Sales reached $2.1 billion, up 9.4 per cent from last year's $1.9 billion. Maytag prices Maytag Co., Newton, said it will make selective wholesale price increases on appliances averaging 3 per cent effective Sept. 15. Ramada Inns omits dividend Ramada Inns, 'Inc., said it is omitting its quarterly cash dividend. The company said the omission reflects "prudent financial management" requiring retention of earnings for the September quarter. The company has paid 3 cents a share quarterly on common stock, latest of which was disbursed Aug. 1. Directors considered "the present high cost of debt capital and the funds needed for committed capital expenditures for completion of hotels now under construction and for required refurbishiment" as factors behind the move, the company said. It, said Ramada "intends to reinstate the payment of dividends as soon as economic and financial conditions warrant such action." Liberty Loan in arrears Liberty Loan Corp., St. Louis, Mo., said it again omitted dividends on its cumulative preferred and preference stocks. The company said that since it is in arrears for six quarterly dividends, the holders of the two classe^of stock are entitlec to elect two members each to Ihe board. Directors enlarged the si/e o Ihe board to 14 from 10 and set Oct. 23, for the election of new directors by the preferrrd and preference shareholders. Beatrice adds a penny Beatrice Foods increased its quarter dividend on common stock to 19 cents a share from 18 cents paid previously. The dividend is payable Oct. 1, to stockholders of record Sept. 12. W, T, Grant phaseout W. T. Grant Co said it will ph;ise uul the major appliance produft lin< J Iron) all its stores lir^mmng Sepl. 15. The company said it expects lo cltdi 1 oul its sl.ore and ware- house inventory by .Ian. .11. 11 said gross profit of the Grant stores will be affected in a "positive manner" because appliances typically are low gross profit items consuming large areas of floor space. The company also announced that Robert H. Anderson, president and chief operating officer. will assume total responsibility for Grant's merchandising activities. HP joined the firm in May. John F'. Crowlcy. who had been merchandise vicc-prpsi- denl, resigned, effective Tuesday, Marker Collins, president and chief executive officer of Band- ag, Inc., Muscatine, has been elected a director of Gardner- Denver Co. Dallas. Tex., producer of industrial, construction, oil and mining equipment. Copper Range. Amax step Shareholders of Range Co. Copper cial meeting Tuesday a merger with Amar, Inc. The companies have agreed to delay merger, however, until a federal court in Hartford, Conn., rules on a civil antitrust suit filed by the U.S. Justice Department Monday. The Justice Department sued to block the merger, which it said would cause anticompeti- tive concentration in the copper refining industry, and to force Amax to divest ijp present 20 per cent ownership of Copper Range, based in White Pine. Mich. In disclosing plans for the merger, Amax said it planned a five-year, $fiO million expansion of copper mining operations in Michigan, where Copper Range has its primary reserves. Over 10 years, Ihe company said, it anticipated spending over $100 million to enlarge capacity. Copper Range has been operating at a loss recently, in part the result of a fall in copper prices to around 65 cents a sound from last year's peak of 51.50 a pound. On the New York Stock Exchange, Copper Range, which had been halted from trading Monday because of the suit, fell $13.37 to $25 a share Tuesday. The stock had risen., sharply when the merger was announced. Amax, slipped 62 cents at $52.50. WHOLESALE MEAT DES MOINES, TUESDAY, (FED- iTATE) — Midwest carlot meat trade: Beef trade active; demand good; best nterest continuing for shipments into East •oast areas; choce steer beef 75c-$l.pO higher; good 50c-SU5 higher; choice heifer beef S1.25 hiaher; good SOc-Sl.OO higher, canner and cutter cow beef steady. . Fresh pork cut trade slow; I mited trade; skinned hams uneven; 1<-1' IDS steadv to $1.00 higher; 17-20 Ibs 50c-S.1.00 owerj Picnics steadv to 50c lower; bellies 18-20 Ibs J2.00 higher; other cuts not well !S Steer h beef - choice 600-700 Ibs $77.5078 00; 700-900 Ibs $78.50-79.00; good 600-800 Ibs 70.25-71.50; 500-800.Ibs bng type $64.0064 50- heifer beef—choice 500-700 Ibs $76.0076.75; good 500-700 Ibs $67.50-68 25; primal cuts — choice steer hindquarters 145-190 Ibs $94.75; cow beef - utility (brknq) northern $44.00; canner and cutter north- "'FrVs'h 0 pbrk cuts - loins 8-14 Ibs $111 25; 17-20 Ibs $105.75; Picnics 6-8 Ibs $«.75; 8 Ibs and UP $61.50; sk. nned hams 14-17 bs 591.50-92.50; 17-20 Ibs $92T50-93.00; 20-26 Ibs $93.00-94.00; 26 and up Ibs $92.50; bellies, sdls 14-16 Ibs $100.00; 18-20 Ibs $99,50; bnls :t butts l''J-8 Ibs $125.75. CHICAGO, (TUESDAY) (USDA) — Car- IO Bee1 a Vrade e: active; demand only fair early, rather good late; choice steer beef 50-75C higher; choice heifer beef tullv $1.00 higher; good steer and heifer beef 75c- $1.50 higher except boning type good steer beef $1.50-2.00 higher; canner and cutter Tresh pork trade fairly active; demand fair; loins and Picnics ynestablished; sparerlbs steadv; hams 17-20 Ibs 50c-$1.00 lowtr; 26 Ibs UP 50c higher; bellies 18-20 lb Ste 5 e C r h blSf r - choice 600-700 Ibs $78.75. 79.00; 700-900 Ibs $79.75; good 500-600 Ibs $6900-69.50; bng 500-800 Ibs S65.75; heifer beef - choice 500-700 Ibs $77.00-77.50; cow beef — utility (bdkng) $45.00; canner and :utter (northern) $45.00. Fresh pork cuts — loins 1.7-20 bs $107.00; picnics no sales; sparenbs 3 Ibs dn $116,00; skinned hams 14-17 Ibs 593.75; 17-20 bs $93.75-94.25; 20-26 Ins S94,25-94.75; 26 Ibs UP $93.75; bellies, sdls 14-16 Itas $101.25; 18-20 Ibs $100.00. IOWA AUCTION DES MOINES, TUESDAY (FED- STATE) - Auction at Belle Plame and ^SLAUGHTER CATTLE; 2,106; choice slaughter steers SOc'Sl.OO higher; good $2.00-4.00 higher; slaughter heifers $2.003.00 higher, extremes $4:00 higher full advance on good; slaugher cows steadv to aieera: LIIUILC ^0-1,415 Ibs. $46.50-50.75. Heifers: choice 725-1,100 Ibs $44.00-49.00. Auction a'l Stuart. CATTLE and calves 120; too few for Auction at Knoxvllle and Stuart. FEEDER PIGS 3,397; feeder pigs steady to $4.00 higher, extremes S7.00 per head higher; slaughter sows steadv; de'"per head' basis: US 1-3 15-20 Ibs $20.5025 75; few 27-29 Ibs \U. 25-29.50; 30-40 Ibs $3500-43.50; 40-50 Itas $44.25-50.00; US 1-2 46-50 Ins $53.50-57.00; 50-60 Ibs $49.50-56.00; 154 US 1-2 55 Itas 561.00; 60-70 Ibs $54-00 61.00; US 1-2 68-70 Ibs $62.50-66.50; 70-80 Ibs $60.50-63.35; BO-90 Ibs $62.75-69.50; 150 Per hundred weight basis: US 1-3 120-160 Ibs $50.00-62.00. IOWA CATTLE D E S MOINES (TUESDAY) (FED- STATE) — la.-So. Minn. Direct cattle: trading Tuesday ranqing slow to moderate; demand moderate to good; seller interest fairly good. LIVE SALES — compared lo Monday's close: slaughter steers and heifers steady instances 50c higher on steers. Slaughter steers: high qood to mostly choice 1,050-1,200 Ibs $47.00-48.50; few loads high dressing 1,125-1,200 Ibs $49.50 50.25. Slaughter heifers: high good to mostly choice 900-950 Ibs $44.50-46.00; load S46.75. Most cattle delivered to packing plants with weiahing conditions equivalent to 3 pet. shrink at feedlots. CARCASS BASIS -- compared to Mon riay's close: steers steady to $1.00 hiqher; heifers mostly $1.00 higher. Steers weight only: mostly choice 600- SOO Ibs S75.00-76.00; few 700-900 Ibs J77.00 78 00. Heiters weight only: mostlv choice 500/'On Ibs 573.00-75.00; load $75.50. Steers arade and weiqht: choice 6DO-ROO Ibs S76.00-78.00; 500-600 Ibs S74 00-75.00, heifer-, choice 500-700 Ibs $74.00-75.00 Dressed prices based on hot wpiqhu. COFFEE NEW YORK (TUESDAY) (AP) - Col foe futures mostlv higher on the Ne York Coffee and Sugar Exchange; scat tered demand firmed futures, brokers said; lioht roaster interest continued for green coffee In cash market, markr sources said; previous clone in parent hebes; prices In cents oer Ib; Sen b8i 0' (83.10); Nov 84.50 <n83.9s). net 14 .«! (n83.95); Mar 84.10 (b83.50). May' but 81 (nfl380); Jul b85.20 (n84.40i. SalPV 255 Parana spot n-93'.'a. h bid. n-nominal. I HIDES NLW Voiri. Ilighl na'l»» TT. n-nnminsl. IOWA HOGS SELL LOWER CHICAGO, TUESDAY (AP) - livestock recrints at principal markets: Catle HOBS Sheep Peoria 500 .1,000 300 Kansas Citv 1,300 1,900 250 Omah* -1,000 6,000 600 East SI, I otiis 1,300 6,000 ISO St. .losritti 1,000 6,000 150 Sioux Citv 4.100 7,500 300 South St. Paul 5,500 8,000 1,500 Indianapolis 700 1,200 400 Cincinnati 1,300 1,200 400 Fort Worth 1,700 300 25 By Daryl Vanderflugt (Federal-State Market News Service) Trade was rather slow on the interior Iowa and southern Minnesota hog markets Tuesday. Prices wore 50 cents to $1 lower than Monday's mid-session. Demand was moderate. The mixed grade 200 to 230 pound butchers, with some, to 240 pounds, sold at the country points for $56.50 to $57, with a TREND OF STAPLE PRICES NEW YORK (API - The Associated Press weighted wholesale price Index ot 35 commodities declined fo 361,11 Previous Day 361.12, WeeK Ago 355.74, Month Ago 352.90, Year Ago 375. M. 1»75 1974 1973 1972 High 361.12 388.28 351.71 232.28 -ow 335.64 331.97 231.53 194.22 (1924 average equals 100) few for $56.25 and a few up to $57.50. The same grade and weight, at the packing plants ranged $57 fo $57.25, with a few up to $58. On-Monday, spring slaughter lambs sold steady. Choice and prime spring shorn lambs were LIVESTOCK SLAUGHTER WASHINGTON, TUESDAY (USDA) — tstimatod daily livestock slaughter under 'ederal inspection; Hoas Cattle Sheep 235,000 130.000 29.000 218,000 139,000 28,000 293,000 130,000 33,000 447,000 274,000 57,000 Tuesday Week ago Year ago Wk. to Date Corr. Period Last-Wk. Last yr. 416.000 272,000 59.000 584,000 243,000 64,000 $40 to $41. Cnoice and prime wooled offerings ranged $39 to $40. Trade ranged slow to moderate on Iowa's cattle market Tuesday. Demand was moderate lo good. Slaughter steer and heifer prices were steady; with instances of 50 cents higher on steers. Prices and receipts are listed n tables in this section. OMAHA Trade was moderately active on the Omaha hog market Tuesday. Prices were $1 to $1.50 ower. The mixed grade 210 to 260 pound butchers sold for $58.25 to $59. Slaughter steer and heifer trade was moderately active with generally good demand. Steers sold firm to 50 cents higher and heifer prices were firm with instances of 25 cents higher. Choice and prime slaughter steers ranged $50.50 to $51.50. Choice steers brought $47 to $49.50. A load of choice with end of prime slaughter heifers sold for $46.75 and choice heifers ranged $43 to $46. Slaughter lambs and ewes sold fully steady. Choice and prime shorn lambs were $41.50 and wooled offerings sold for $41. SIOUX CITY- Trade was moderately active on the Sioux City hog market Tuesday. Prices were $1.50 to " .75 lower. The mixed grade 200 to 255 pound butchers sold for $58.25 to $58.50. On the cattle market, trade was active and slaughter steers and heifers sold strong to 50 cents higher. Choice and prime steers were $51.50 and choice steers ranged-$48.50 to $50.50. Choice slaughter heifers sold for $47. WEBSTER CITY WEBSTER CITY, TUESDAY IAP) - Ce Jl r »i.. low ? Livestock Market trading. CATTLE too few cattle fo afford test of trade. HOGS 900; butchers $ lower $58.50-58.75; sows $1.00 lower; 300-400 Ibs |".^-53.00; 400-500 Ibs $51.00-52.00; over 500 Ibsi S51.00; light weight butcher boars J 4 6 . 5 0-47.50; medium weights $43 00; heavy-weights $44.00. «•>.<", SOUTH ST. PAUL— ...SOUTH ST. PAUL, TUESDAY (AP) (USDA) _.. CATTLE and calves 5,500; slaughter steers and heifers fairly active! firm to 50c higher; choice 1.000-1,150 Ib s'eers ui ^5<M9.00;, .choice.. 900-1,000 ..Ih 4.52'/j 4.52Va 4.72 4.53'A 4.53V4 4.73Vj 4.32 4.32 4.52 .... .... 3.09' 3.10'/.. 3.19V4 3.18W 3.18'/2 3.10'/4 3.10'/4 3.20 3.17 3'1' 3,27 3.20'/4 3.20-V4 3.30'/! 3.20V4 3.20'/4 3.30'/4 Closing Board ar Trad* Tab)* CHICAGO (AP) — Futures trading on the Chicago Board of Trade Tuesday: Open High Low Clos* Pr«v WHEAT (5,000 bu) Sep 4.3*'/i 4.3SV2 4.20'A -*.20Vj 4.40 Dec 4.57 4,57 4.39V? 4.39V 2 4.59 War 4.68 4.69 " May 4.68 4.68 Jul 4.49 4.49 CORN (5,000 bu) Sep 3.19 3.19 3ec 3.18W 3.18 Mar 3.27 3.27 May 3.28 3.28 Jul 3.28 3.29 OATS (5,000 bu) SeP 1.72'/2 1.73 1.67'/2 1.67W 1.73Vz Dec 1.72W 1.72V2 1.66'/> 1.66Vj 1.72'A Mar 1.73Vz 1.73'/3 1.67% 1.67 3 /4 1.733/4 May 1.70'/? l.TOVi 1.67 3 /4 ^.t^Vt 1.73V4 SOYBEANS (5,000 bu) er> 6.12 6.13 5.95W 5.95'/3 6.16 6.19 6.27 6.35 A.44 6.45 6 42 SOYBEAN" OIL uo,ooo"ibs> Sep 25.85 25.85 24.98 24.?« JCt pec Jan Mar May Jul Aug Nov Jan Mar May Jul Au9 ..HOGS' 8,000; barrows and gilts slow; SOc-Sl.SO lower; 1-3 190-250 Ibs $58.00-58 50 few lots 1-2 200-240 Ibs 553.50-59 00; 2-3 240260 Ibs $57.50-58.00; 260-280 Ibs 555.60-57 50; weights over 260 Ibs continue in limited supply; sows slow; early sales steady to I'-OO lower; 1-3 270-350 Ibs $53.00-54.00; 350-409 Ibs $51.50-53.50; 400-600 Ibs $500052.00; boars over 300 Ibs V44.00-44.50; under 300 Ibs S46.00 51.00. SHEEP 1,500; all classes moderately active; steady; general demand good; choice and prime 90-110 Ib spring slaughter lambs $40.00-41.00; choice $38.00-40.00. SOUTH ST. JOSEPH ST. JOSEPH. TUESDAY (AP) — CATTLE 1,000; Irading more active Ihis week than in past 2 months; slaughter ileers and heifers 50c-$l.oO higher; cows strong to 50c higher; slaughter steers average to high choice 1,050 Ib $48.00; choice 900-1,100 Ib $45.50-46.50; slaughter heifers shipment average In high choice 925 Ib $45.75; choice 985 Ib $44.50. HOGS 3,500; barrows and gilts SI.50-1.75 lower; weights over 270 Ib scarce; 1-3 210250 Ib $58.25-5850; 2-3 250-270 Ib $57.5058.25; 1-2 190-210 Ih $57.50-58.50; sows under 500 Ib steady to $1.00 lower; over 500 Ib Steady to 50c lower; 1-3 300-400 Ib 52.00-53.00; 400-500 Ib $51.50-52.50; 2-3 500600 Ib $52.50-53.00; 190-250 Ib $48.00-49 00. SHEEP 150; few sales slaughter lambs near steady; hardly enough to adequately test Prices; choice and prime 104 Us spring slaughter lambs with no. 1 pelts bought to arrive $41.00; few choice 90-105 ib Wooled lambs $38.50-39.00. Estimate lor Wednesday: caltlt 1,000; hogs 2,000; sheep 200. JOLIET JOLIET, THFSDAY (AP) (USDA) -. HOGS 1,400; trading slnw; butchers 51 251.75 lower; 1-2 200-240 Ibs 559 00-59 iO; 140 hd 1-2 210 Ibs $59.75; l-.l 70(1-260 Ibs 558.00 59.00; sows steady lo 50c lowpr; 1 3 150-600 Ibs $51.So-52.•'O. lew 3SO Ibs $5.1.00. CATTLE ?00; too tew receipts to ?=;Mb- lish market; utilllv cows $22 no-i.l iO; rul ter $19.00 22.50; ranner SIS Estimate for Wednesday: 1.700 lioqs,- 3,000 catlle. PEORIA PEORIA. TUfcSDAY (AP) (USOAi HOGS 4,000; Irariing slow; butcher', 51.50-2.00 lower: 12 200-240 Ibs S59 00-59.25 7.00 hd 559.50; 1-3 200-240 Ibs $58.50-59.00; 2 3 240-260 Ib $58 00-58.50, few $59.00; few 2-4 320 Ibs $56.00; sows M)c-$1.50 lower; 1-3 3.50-500 Ibs $51 00-53.00; 1-3 500-650 Ibs 353 00-53 25. few $53.50. CATTLE 500; trading talrly active; slaughter steers and heifers firm; cows and bulls steady; choice 1,000-1,050 Ib slaughter steers yld gr 2-4 J47.00-48.00; choice 800-1,000 Ibs S43.00-47.00; choice 3501.000 Ib slaughter heifers vld gr 2-4 $44.0046.00; Choice 750-850 Ibs $35.00-44.50. Estimate for Wednesday: 3.000 hogs; .500 rattle. LIVESTOCK MARKETS BOG RECEIPTS Interior lowa-Sn. Minn 55,0 b Public Markets (Salable) ...39,60 'Monday's recelots,. 84,009. ThhWk. -Corr. Period- go to Date Last wk, Last Yr. 71,300 41,400 101,400 SHEEP RECEIPTS "Interior lnwa-5n. Minn. ... 12 Public Market fSalable) Tuesday This Wk. - Corr. Period — (Estimate) Wk. Ago Yr. Aao to Date Last Wk. Last Yr. .... 700 1,000 2,100 1,500 2,000 3,400 .... 5,100 4,400 4,700 10,900 1,700 10,500 HOG QUOTATION!? Int. la. So. Minn. -Terminal Markets— . Sioux City Omahl E. St. Louis 00-220 Ibs 156, " 50-58.00 S5fl.50-5l.75 ,50-53.00 S8.M-58.7y : SS.50-57.25 Ibs Ibs 240-J70 Ibs U.a NO. } ft 4 240-270 Ibs 55.25-57.00 270-300 Ibs S4.00-56.00 U.S. No. 1-3 700-220 Ibs 56.50-57.75 220-240 Ibs 56.50-57.75 240-270'Ibs. 55.50-57.25 Sows - U.S. No. 1 4 J 270-330 Ibs 49.75-51.00 330-400 Ibs 49.25-50.50 400-550 Ibs 48,00,50.00 ss. 58.'- 57.7J »58.50-5».00 58.75-59.00 f .00-58.50 .25-58,50 .00-58.75 57.25 59.00 si.'ob-siiso 58.25-58,50 58.25-58.50 56,75-57.75 5I.OO-58.7S 58.50-58.75 59.00-59.75 59.00-r " 59.75 57.75-58.25 57.75-58.50 57.25-58.75 J3U IDS , an.uu-JU.W 'Receipts of hogs c6 : -v direct~purchaseS BV 54.50 53.50 i.a 51.50-53,50 nor 'area'"and"'s6iTt'Kern" Minnesota Ynd dTr'ect'Bufchases 1 for"ou't-6».st8i« shipments by 8 malor shipping organizations. "Prices on sheen Mid lambs In th* aecomoanylns report on Interior Iowa and Southern Minnesota market! are based on the sal* of animal* originating In the area and sold at two plant! In Iowa and one In southern Minnesota and tome order buyers. CATTLE QUOTATIONS SLAUGHTER CATTLE ft CALVES int. la So. Minn. Choice, 9001,100 Ibs 45.50-49.00 Chilce, 1,100-1,300 Ibs 46.50-50.50 Gord, 900-1,100 Ibs 36.50-45.00 Good, 1,100-1,300 Ibs 37,50-45.50 Sioux City Omaha Sioux Fills Choice, 70 Choice, -900 Ibs 1,100 Ibs 40.50-45.00 41.50-47.00 oc, , ............. .-. Good, 700-900 Ibs ............... 33.00-39.00 Good, 900-1,100 Ibs Commercial Utility. Culler Canner 34.00-39.50 43.00-49.00 44.00-49.00 34.00-45.00 35.00-46.00 43.50-45.50 41.00-46.00 45.00-46.75 42.00-47.00 22.00-24.00 20.00-23.50 21.00-23.50 20.00-24.50 18.00-21.50 17,00-2' " 16.50-18.50 12.00-1 LIMIA DECLINES FOR FUTURES TUESDAY PRICES OMAHA GRAIN OMAHA, TUESDAY (AP) - Ttin Omaha Grain Exchange reported no sales. Wheat nom. 9-14c off $4.07-4.10. Corn nom. 8c oil J2.97-3.10. Oats nom. 6c off «t.57-1,62. Soybeans nom. 30c off J5.51-5.61. Sorghum nom. lOc off J4.80-5.05. KANSAS CITY KANSAS CITY, TUESDAY (AP) Wheat 137 cars; off 25V? to up 1c; No. 2 hard 4.19-4.68'/ 2 n; No. 3-4 M.17-4.67'/2n; No. 2 red wheat 4.12'/j; No. 3 $3.99-4.19'/jn. Corn 43 cars; unch to OA off; No. 2 rhite $3.40-3.«0n; No. 3 J3.25-3.45n; No. •i yellow J3.15-3.17V4; No. 3 !3.l4Vj. Oats no cars: off Ic to up 5c; No. 2 white $l.«7-1.81n; No. 3 S1.sft.Mn. No. 2 Mllo JS.JS.sales Rye *2. iw. i .jU7Ln^oti3 *J.fWYl-O,Vl iacked bran J93.00-93.75. sacked, shorts J95.00-95.75. Gram futures on the Kansas City Board WHE^FUTURES -• Sept. Dec. Mar. May 6.16 6.27 «.35 6.44 6.45 6.42 6.02 6.02 6.20 6.10Vj 6.101/7 6.31 «.20'/2 6.20'/z 6.41 6.26 6.26 6.46 6.28 6.28 6.48 6.28 6.28 6.48 4.6. 4.49'/j 23.70 23.50 ..... _____ 23.30 23.30 22.60 __ SOYBEAN MEAL (100 tons) 148.50 148.50 141.00 142.00 149.50 150.00 150.00 144.00 144.00 150.50 . . . . . 154.50 154.80 148.20 148.50 156.00 156.80 157.00 150.50 151.00 157.50 160.50 161.00 154.00 154.00 161.50 160.00 160.00 157.50 157.50 162.00 164.50 164.50 162.00 162.00 167.00 165.00 165.00 165.00 165.00 170.00 51.50 45.50 41.70 Dec Jan Mar May Jul ICED BROILER'S" UB'.wb'ibv Aug 51.50 52.45 51.50 52.25 ,ep Nov Jan Mar May Jun 45.40 41.60 42.30 42.30 45.40 41.70 42.30 42.30 42.75 42.75 Aua Sep Oct Dec Feb Apr Jun AU3 Oct Dec SILVER (5,000 troy ox) 44.55 44.80 40.65 40.85 41.00 41.50 42.15 42.25 — —42.35 42.75 42.75 . 42.45 43.00 43.00 42.90 . . ...... 4.54 4.54 July 4.40 4.40 Sales.- 1,115. MINNEAPOLIS MINNEAPOLIS (TUESDAY) (AP) Wheat receipts 449; year ago 317; sprinq wheat cash trading basis unchanged to UD 2-5c; prices down 15-20c. No. 1 dark northern 11-17 protein $4.21-5.20. Test weight premiums: C each Ib 58-41 Ibs; c discount •iach '/j tb under 58 Ibs. Protein prices: 11 — J4.21-4.22; 12, $4.364.37; 13, $4.56-5.57; 14, $4.78-4.80; IS, SS.02- 5.05; «, $5.10-5.15; 17, $5.15-5.20. No. 1 hard Montana winter $3.99-4.87. Mlnn-S.D. No. 1 hard winter $3.90-4.76 No. 1 hard amber durum $6.50-6.70; dis- ounts amber 5c; durum lOc. Corn No. 2 yellow $3.04'/4-3.05Vi. Oats No. 2 extra heavy white $1.69. Barley, cars 197, year ago 145; Larker $3.06-4.00; Blue Malting 306-40.00 Be«on $3.06-4.00; feed $2.30-3.05. Rye No. 1 anrf 2 $2.90-3.10. Flax No. 1 $775. Sovbeans No. 1 yellow $5.77'/7. Standard bran $2.00 lower $78.00. Standard middlings $2.00 lower $78.00. WHEAT FUTURES Open High Low Close Pvs Close Sep 4.77 4.77 4.57 4.57 4.77 4.85 4.85 4.664.66 4.86 4.90 4.90 4.78 4.79 4.98 489.00 489.00 471.50 472.50 490.50 490.00 490.00 470.00 470.00 490.00 493.00 494.50 475.20 475.20 495.50 502.50 504.00 483.80 483.80 504.50 513.50 513.50 493.30 493.30 513.50 519.00 521.50 502.00 502.00 522.00 0.00 510.30 510.30 530.00 6.50 6,50 6.50 6.50 6.65 . 52950 . . . . 539.00 539.00 518.50 518.50 538.50 544.00 544.00 526.50 526.50 545.00 549.00 549.00 535.20 535.20 554.50 PLYWOOD (6M20 sq ft) Sep 124.50 125.20 123.70 123.70 125.00 Nov 127.50 128.40 126.70 127.20 128.50 Jan 130.20 131,20 129.50 130.20 131.00 Mar 133.00 134.00 132.20 132.80 134.00 May 136.00 136.40 135.00 135.50 136.50 Jul 138.50 138.60 137.50 137.50 139.00 b-BId; ii-Asked; n-Nominal. CHICAGO, ILL. (AP) - Support withered, and selective liq- uidatipn and profit taking combined to produce limit declines in six of the major commodity futures pits on the board of trade Tuesday. There was very little commercial support for grains on Dec Mar DURUM FUTURES Sep CHICAGO CASH CHICAGO (TUESDAY) (AP) - Wheat nom. lower; basis lower; receipts 1 car. Corn lower; basis unchanged; receipts 2 :ars. Oats nom. lower; basis unchanged; •eceipts none. Soybeans nom. lower; basis unchanged; receipts none. Truck receipts: wheat 239,462 bushels; corn 140,258 bushels; oats 7,675 bushels; •soybeans 59,953 bushels. Wheat No. 2 soft red $3.78Vjn; No. 2 lard winter $3.78'/2n. Corn No. 2 yellow $3.10n (hopper), $3.00n !box). Oats No. 2 $1.50'/an. Soybeans No. 1 yellow $5.62'/2n. No. 2 yellow corn Monday quoted $3.20n .hopper) $3.10n (box). GRAIN TRADE CHICAGO, TUESDAY (AP) — Grain futures purchases: Prev Session Year aao Wheat 65,950,000 66,645,000 Corn . 109,635,000 97,090,000 Oats 2,790,000 6,105,000 Soybeans 74,380,000 23,650,000 Soybean oil 4,818 4,144 Soybean meal 3,394 3,228 Iced broilers 1,025 895 Total 252,755,000 193,490,000 Open Interest in wheat futures previous session totaled 706,940,000 bushels; corn 449,820,000; oats 14.210,000; soybeans 326,475,000; soybean oil 28,574 controcts; soybean meal 18,182 contracts; Iced broilers 4,071 contracts; total 997,445,000 bushels. POTATO FUTURES NFW YORK (TUESDAYI (APi H'n fi.'lurr:- On Ihe New Ynrk Me > iihrinqF. nrevinn'- rln'F in prKFi Pn i ll|f - 04 YI "I ''0): Aor 1 'I4 n~< talu: 6,277. . 13. 56 iU,0«l| Mav the opening and prices ranged from about 1 to 6 cents under the previous close. A brief flurry of buying activity, pared these losses but renewed selling set in and from that point prices moved steadily lower. A major exporter was noted selling futures in the wheat pit at the time and it was thought this kicked off the bearish mood. Some trade sources thought that a lack of confirmation about rumored export sales led sellers and longs into the fray. A very strong selling influence was the lack of commercial support after the first hour. The final bell indicated that there were orders for a total of about 10 million bushels of soybeans, wheat, corn and oats to be sold, but there were no buyers. At the close, wheat fell 19'z cents to the 20 cent limit. Corn was off 94 cents to the 10 cent limit and oats declined 5 : !.i rents to the 6 cent limit. Soybeans were down 18 cents to the 20 rent limit. DES MOINES GRAIN DPS Moines prices — Less thnn r^'lol Tuesday: Receipts — Corn 3 cars; b*aiis U; wheat 0.- Feed prices are subiect to wide variations in different sections of the stile due fo transportation, handling and storage costs. lowa wheat - - $3.59Vj Soybean meal $9.10-10.00. 100 Ib. sack pure bran - J6.85 7 00. 100 Ib. sack pure midds — it. 85-7.00. Tankaqe — $10.40-14.00. Linseed — 111.00. CENTRAL IOWA MARKETS County elevator taids on corn, oats, soy beans In area near Des Moines show th! following Tuesday Corn — No. 2 yellow 2.75-2.85. Oafs SI.75-1.50. Soybeans — No 2 yellow $5.45-5.50. IOWA REGIONAL MARKETS lo.vs F'evrMor b'd'i on r.orn ann v>vbe-tn <ompiled tav the ledpr^l-Matp qr^n mar ^et new. c nttuf tn Dei Moires Tuesda 1 . Price per huslie' No 2 No 1 , Yellow Yellow •Mian Corn lovb««n« Northwest North-Central Northeast Southwest South-Central Southeast J2.70-2.85 . J2.72-2.83 S2.80-2.93 $2.70-2.81 J2.78-2.90 J2.8B-2.97 J5.30-5.57 J5.30-5.56 S5.50-5.60 $5.20-5.50 $5.35-5.50 $5.55-5.67 Barle*v'V2.07"2'l7n. Soybeans $5.70'/2-6.00n. 4.58 Hiah 4.40'/2 4.18 Low Close 4.18W 4.19'/» '" 4.39 4.27 162.00 162.40 162.00 162.40 162.10 162.40 162.40 161.70 162.00 162.40 Aug Sep Oct Nov Jan Mar May Jul _ Monday's volume 59 contracts. ' Chicago Mercantile Exchange 100-Troy ounce contracts . . Sep 162.20 162.50 161.40 161.80 162.20 Dec 166.00 166.40 165.20 165.60 166 10 Mar 170,80 170.10 170.00 170.30 170.50 Jun 175.80 175.80 174.90 175.20 175.10 Sep 179.80 179.80 179.50 179.60 179.90 Dec 184.80 184.80 184.50 184.50 185.20 Sales: Sep 738; Dec 240; March 120; Jun« 32; Sep 3; Dec 1. New York Commodity Exchange 100 troy ounce contracts .. Aua 62.50 162.50 142.00 161.50s Oct 163.30 163.30 162.70 PRODUCE MARKET v LIVE HOGS (30.000 Ibs) ' t 54.55 55.20 54.20 55 20 £ f, 3 'o 5 S i 4 - 0 ? 53 - 12 53.90 b 52.90 53.25 52.55 53.00 Apr 50.00 50.20 49 55 49 70 Jun 50.80 50.80 4990 5010 Jul 50.90 50.90 50.25 b50.30 Aug 49.00 49.20 48.10 b48.35 Sales: Oct 1830; Dec 2170; Feb April 320; June 128; July 37; Aua 9 - pet V '!! te !£ st: Au9 5 i °ct 4706 IOWA PRODUCE Following is Tuesday's report 'on/lew* egg and poultry markets as reported by Fed-State Market News: EGGS — Prices unchanged; undertone firm on all grades and sizes; graded demand generally good; supplies of large and medium sizes in balance to short; nmalls plentiful. Cents per dozen at farms, cases exchanged, quality and volume incentive: Grade A large 45-48c, mostly 47c; A medium 34.%. mostly 37-38c; other farrn eggs A large or better 28-38c, mostly 02- i ' i medium 23-3K, mostly 26-27c; B large 16-28C, mostlv 19-22c. WEST NORTH CENTRAL. LIVE HENS, «".* >VPe — Prices unchanged on relative.,' light trading; demand good, processors unaggressiye; offerings increasing slightly for future deliveries; undertone steady n c !"'f, p f, r lb *' farm — commercial flocks 5'/2-6'/2C, mostly 6-6'/<c, PRODUCE FUTURES ..CHICAGO (AP) — Futures trading on '^.Chicago Mercantile Exchange Tues i u/e .2H? ~ H !?i. Low c 'os* Prey «„* '-'Vt.befcF CATTLE (40.000 Ibs) ucr 45,40 45 60 45 /K 4s A7 AS An P e s H-S8 « : « #°0 Jos to? Feb 44.20 44.75 44.00 4437 4430 Apr 44.15 44.70 43.90 4445 44 n AS ft $8SfittB'tfiS8 Ap S rl!% : 2°J C u«; fcS 4 34 °° ! Ftb *®> ^en interest: Auo 36; Oct 11647- D«r Au»''l7 Feb 7B12; APr " " 22: Junt /15 "= FEEDER CATTLE (42,000 Ibs) Ser. 34.50 34.50 34.00 34.00 34.50 Sol 33.70 33 85 33.60 a33.75 b33.70 £'K 2 3 -? 2 33 - 70 33-85 33.95 35.10 35 10 34.80 b34.90 34.80 35.35 35.35 35.35 35.35 35.50 4'~M'ay'l ' 4Si Nov 30; March ^».?; Sep »2; Oct 992; 55 20 53.95 b53 50 SO in 5090 b50 95 b49 10 1005; ; Dec No ^IDAHO POTATOES (80,000 Ibs) May 12.9T'l3.ob~12.65""al2 8 65 0 blS'.l? Sales: Nov 0; May 3. Open interest: Nov 2; May 135. r SHELL EGGS (22,500 doi) S«P 54.25 55.20 54.10 55.10 54.15 Oct 54.90 55.40 54.90 55.10 a54.70 Nov 59.55 60.15 59.40 60.15 b59.75 Dec 63.65 64.30 63.40 63.55 6360 Jan 61.15 61.25 60.55 60.90 61.15 Feb 57.50 57.50 57.00 57.00 57.50 Mar 56.00 56.00 56.00 56..00 Sales: Sep 3525; Oct 32; Nov 70; Dec 270; Jan 32; Feb 3; March 1. Open interest: Aug 3; Sep 1289; Oct 304; Nov 501; Dec 1368; Jan 317; Feb 39. PORK BELLIES (36,000 Ibs) Feb 86.25 86.80 85.75 86.25 b87.25 Mar 84.80 85.50 84.30 85.00 b85.80 May 83.50 84.55 83.25 84.20 b84.30 Jul 82.60 83.50 82.30 83.20 b83.55 Aug 80.95 81.20 80.10 b80.40 81.15 Salss: Feb 3577; March 568; May 552: July 299; Auq 4. Open interest: Feb 6743; March 1985; May 2594; July 1517; Aug It. b—Bid; a—Asked; n—Nominal. CHICAGO PRODUCE CHICAGO (TUESDAY) (FED-STATE) EGGS — Prices to retailers; sales to volume buyers, consumer qrades, white eggs in cartons, delivered warehouse: A. extra large, 64',-66':c; A, large, 63-65C; A medium, 55-56' ?c. NEW YORK PRODUCE NEW YORK, TUESDAY (AP) (USDA) Wholesale egg offerings light; demand fair to good, wholesale selling prices based on volume sales. New York spot quotations follow: whites: fancy large 61- 6-tc; fancy medium 53-55c. Butter steady; prices unchanged. Cheese offerings slightly higher; wholesale sales, American cheese (whole milk); single daisies tresh sl.03'/2-1.21<4; flats aged $1.25Vj-1.40 3 .i; processed American pasteurizer! 5 Ibs 92Uc-$1.02. DRESSED POULTRY. North Atlantic carlot and trucklot turkey markets, U.S arade A, ready-to-cook, frozen, f.o.b- or equivalent; carlot trading light on spot sales, fairly good on contractual arrangements; toms over 26 Ibs firmly held; several buyers made commitment on young hens and consumer toms based on lonq term average 1 ;. Sales reported: hens 8-16 Ih' Sa'jc; toms M-22 Ibs 58c; 22-24 Ibs 26°'(. ?6-28 >b: : Wi Offprints reported irvBr rcasters 49 lb:. 6263c; hens 8-16 Ih', 'S-'-B' i_. tnnv. U-'!? Ita'. b7'-.-58c; 27-24 lb' S6-j7t.; 24-26 Ibr, S7-5Bt; 26-2B Ibs 59ci 2B-oO Ibl 40c. JO lb« flnd up 6I-63C l<U.'«l-' end duckling! uncharged. Fail to override Omaha veto OMAHA, NEB. (AP) - The Omaha City Council failed Tuesday afternoon in its attempt to override Mayor Edward Zorinsky's veto of the council-passed, 1976 city budget. Zbrinsky had proposed a budget, of $83,093,989. His budget does not call for a hike in property taxes. However, several members of the council, most notably Coun cil President Robert Cunning ham, voiced opposition to the mayor's proposal, saying it would mean a reduction in city services and in employes. Zonnskx_said_the_cjtx.jnust live within its means, or end up like New York City, and promised to veto any budget figure higher than his proposal. Clear legislator in expenses case SPRINGFIELD, ILL. (AP) A U.S. District Court jury Tuesday found state Representative Webber Borchers innocent of mail fraud and conspiracy charges in connection with an alleged misuse of his legislative expense allowance. Borchers, a Republican from Decatur now serving his fourth term in the Illinois House, had been charged with collecting money from the state for secretarial services which were never performed. Borchers conceded this, but said he had used the money to pay an undercover investigator to infiltrate radical student groups. Borchers contended investigations of this type were his duty as a legislator. GOLD FUTURES By The Associated Press .Here Is the gold futures tradina for „ . ' Chicago Beard «f Trade 11-kilogram bars contracts . Open. High Low Close Clo s * — —- 176.60 177.20 -r- -7. -—179.1 -- . ! 65 ' 30 166.00 171.60 178.50 e ' Feb 169.30 169.30 Apr 172.00 172.40 Aug 178.60 178.60 Sales: estimated 256. s-setfling. New York Mercantile Exchang* 1 kilogram contracts 162.20 162.20 161.60 161.60 165.40 166.20 165.20 165.20 ..... 170.60 170.40 '" '174.80 173.80 177.60 176.60 . 161.90 162.90s 163,30 '< 5 - Ws '« 00 168.60s 169 00 171.60s 17200 177.80s 178 20 Sep Dec Mar May Jul 176.60 Sales: 47. 170.60 174.80 70.40 174.00 177.40 Winnipeg Commodity Exchang* ontracti 178.60 400-ouhct contracts Oct Jan Apr Jlv Oct Open High Low Close PvsCIo 163.00 163.30 162.50 162.50 163 JJ 7 '5J 1K-Z2 3«?-?91".?? 3*£ - 172.30 171.60 177.60 172'io 60 176.60 176.30 176.30 176!70 181.30 181.40 Monday's sales 74 contracts 100-ounce contracts ^-"ISS 5Tcont7acti DIVIDENDS DIVIDENDS DECLARED Pe- Stic, of P*y- Research Can Fnd .. 16 TubelnvestLtd ADR .. x x-Approximately $.157 per Share. INCREASED 9-2 9-15 9-15 11-3 Depositary .19 .10 .15 .32 .15 .03 .075 .06375 .375 Beatrice Foods Brunos Inc Gannett Co Gen Growth Prop Intl Rectifier Service Cp Intl Thomson News A Thomson News B Westvaco Scot Lad Foods n .. .09 OMITTED Ramada Inns Allied Prds REG0LAR 25 ANright Auto pks Q .14 Arizona Bank o ,15 Autex, Inc -"••-Bank Nova Scotia Bell Indus! aelount Inc Dreyfus Spcl InFd Easco Corp Fst Natl HoldCp Franklin Utils Fd Globe-Union Inc Goodall Rubber Gulf Resources Ch Haves-Albion Cp INA Invest Sec Indianap Pw&Lt Larsen Co Macy, RH Maine Pub Svc Marcor Inc Marquetle Co Medusa Corp Myers, LE NatlCitv Lines Q Oglebay Norton Co Q Pako Corp Penn-Dixie Ind Pic'n PayStrs Resistoflex Cp Skaggs Cos SthnConn Gas Stand Prudential Thiokol Corp Torin Corp UnitedJersey Bnks Western Union Whitaker Cable 9-12 9-5 9-17 9-12 9-12 10-10 9-2 9-? 9-8 10-1 9-19 10-1 9-26 10-1 10-31 9-15 9-15 W-l 9-12 10-17 EARNINGS (V. THE ASSOCIATED MESS Firjt lint show* told revenue, itctmd line shows net income «nd eerningi per shere (in pirenlheses) Lalesl Year Aon .,. Car"" Wrie $c.«4C. (2nd Olr) 179,061,000 171 923 aDO 00(.79) »1,6*1,MO<.43) ._ _, «"••* Ckemleel (Year) >92,900,000 «1.J»9.000( .in S39.21I.727 C-J4,SM,215(5.4I) N 191 111 | 1 111 ,. -12 270 591(1 67 , M . Nertfweilern SteeHWIre YearT 1304,260.685 ,301 461 927 ' «M.I2fl41(3.57) M4.l'si"l7U > 55) $amPWt«*c* Ce IIK (» Mot) } 2 £tX ( S(S9 0 J76.900.000 $1,400,000(.«6) «1,IOO,000(,36) city Pattern (2nd atri S27.0 $i,io», "*"••" lj jtoio 513 ooo $19,102,000(.63) $11 49»,«OT3I) •-Restated. b-Adiusted for discontinued operations. c-Rillects extraordinary iltm d-Losi. COPPER NEW YORK (TUESDAY) iAP) Cop oer futures on the New Ynrk Commodity exchanae: previous close in narenlhese<; price-, in rents per lb: Aug 60 ?0 (61 10) Sep 60.20 (61.20); Oer (,'}. 10 (tiXM). Jan 61.00 (6390); Mar M.20 («lf>1; M?y <fi in (66-20): Jul 66.40 (67.M); Sep 67.40 (6340') Sales: (stlrpjled 2.647. PlMdiinnoetntln tankir-sMperaih PHILADELPHIA, PA. (AP) — The master of the chemical ship Edgar M. Queenie pleaded innocent Tuesday to negligence charges in the collision in the Delaware River last January of his ship and the Liberian tanker, Corinthos. Twenty-nine persons were killed in the fiery explosion that followed the collision. Ex-govtrnor naimd to Ford campaign WASHINGTON, D.C. (AP) Howard- H. (Bo), Callaway, chairman of President Ford's 1976 election campaign committee, announced Tuesday the appointment of former Gov. Richard B. Oglivie as Illinois campaign chairman. Changes looks SAN DIEGO, CALIF. (AP) A police lineup was canceled when a man charged with kid naping a young girl used a razor issued him in jail to shave his head. The district attorney's office said he didn't look the same. OFFICIAL PUBLICATION (R-416) NOTICE AND P CONTF MENJS..AI OF PUBLIC ; PROPOSED CIFICATIONS -p fgaWovi' tHEMUN.efp^'^TET! »P«iT!W oVV^fJS IOWA, AND FOR THE TAKINI NO A T N ,? EE fs TE HE» G.VEN that the Board of Trustees of th* Spencer Municipal Utilities of the City of Spencer, Clay County, lowa, will meet in the Spencer Municipal Utilities' office In Spencer, lowa, on October 7th, 1975, at 11 o'clock A M., on said date, at which time and place the said Board.of Trustees will consider the adoption of proposed plans and specifications and proposed form of contract for the furnishing and Installing of Improvements and extensions to the municipal waterworks plant and system of said city, by the furnishing and construe tion of wells, necessary Piping and In. stallation of same, which proposed plans and specifications and proposed form of contract are now on file in the office of the Secretary of said Board of Trustees. At said meeting the Board of Trustees will consider any objections to said proposed plans and specifications and proposed form ot contract. _ . , At said meeting the said Board ol Trustees will also receive bids for the furnishing and installation of said improvements and extensions which ar* In general as follows: I. Construction of two wells II. Furnishing of water main > III. Installation of water main " IV. Furnishing of Pumps All to be In accordance with the proposed plans and specifications and proposed form of contract documents now on file with the Secretary of the Board of Trustees of the Spencer Municipal Utilities of the City of Spencer, lowa, and by this reference made a part hereof as though fully set out and incorporated herein. At said time and place said Board will also consider bids for the furnishing of water and water service for the use of said City and it is estimated that the needs of the City are approximately 400, 000,000 gals, per year. All proposals and bids shall be submitted to the Secretary of said Board of Trustees on or before the time herein set for said hearing. Bids shall be made in duplicate on blank forms furnished by the engineer, and must be accompanied in a separate envelope by a certified check on a responsible bank in lowa, or on a bid bond, satisfactory to the Board of Trustees and payable to Ihe City Treasurer, Spencer, lowa, in the amount of the bid, as security that the bidder, If his bid Is accepted, will enter into contract in accordance therewith and will furnish a performance bond in the full amount ot th* contract price. No bidder may withdraw a proposal within fifteen (15) days after the date set for opening bids. Check of the successful bidder will be returned when a formal contract has been signed and approved by the Board of Trustees. Check of tha successful bidder will be forfeited if the bidder fails to enter into contract and to furnish bond within ten (10) days after acceptance of the bid by resolutlon"Ofthe~abov«~Board—Checks- of the unsuccessful bidders will be returned when contract has been awarded. The successful contractor shall furnish a performance bond in an amount equal to one hundred per cent (100%) of th* contract price. The work under the proposed contract shall be commenced within thirty (30) days after the award of the contract and shall be completed by The times of commencement and completion of any of the work hereunder mav be extended because of any unavoidable delays not the fault of the contractor in the security .of materials, equipment, transportation of labor, including delays occasioned by any litigation wherein the authority of the City to order the construction of the improvements is questioned or the validity of any contract entered into for such Improvement is involved, any such extensions to be granted by the Board only after a full consideration of the earliest dates on which the manufacturers ot materials or equipment will Guarantee delivery. Payment for said Improvements and extensions will be made in cash from such sources as may be legally available or in waterworks revenue pledge orders, bearing interest at a rat* not to exceed six and three-quarters percent (6 Wo) per annum, such pledge orders payable solely and only out of the future net earnings of the Municipal Water Utility funds of the City of Spencer, lowa; subject, however to the outstanding waterworks revenue bonds In the amount ot $967,000. The City shall not incur any general obligations for said Improvements, and neither the construction contract nor said pledge orders shall constitute a general obligation of the City or be payable in any manner by taxation and under no circumstances shall the City be In anv manner liable by reason of the faflur* of said net earnings to be sufficient for the payment of said revenue pledge orders and the interest thereon. The contractor will be paid as stipulated In the specifications. No partial or final payment will be due until the contractor has certified to the Board of Trustees that the materials, and labor and service incorporated in the work for which payment Is requested have been paid for In accordance with the requirements of the specifications Payment to the contractor will be based on monthly estimates equivalent to 90% of the contract value of the work completed during the preceding calendar month. Estimates will be prepared on the first day of each month by the contractor, subject to the approval of the engineer, who wiH certify to the Board for payment of each approved estimate so that payment may be made promptly thereafter. Such payments shall be in no way construed as an act of acceptance for any part of the work partially or totally completed. No such partial or final payment will be due until the contractor has certified that materials, labor and services included in each estimate have been paid for in accordance with Ihe requirements stated In the specifications. The balance of 10% due the contractor will be paid not earlier than 31 days from the final acceptance of said work by the Board, subject to the conditions and in accordance with the provisions of Chapter 573 of the Code of lowa. Proposals will be acted upon at the time of said meeting or at such later time as may then be fixed and the Board of Trustees reserves the right to reiect any and all bids and to enter into such contract or contracts as It may deem to be in the best interests of the City. By virtue of statutory authority a preference will be given to products and provisions grown and coal produced within the State of lowa, and preference will be given to lowa domestic labor In th* construction of said Improvement. Proposed plans and specifications and proposed form of contract are now on file in the oltlce of the Secretary of said Board of Trustees of the Spencer Municipal Utilities of Spencer, lowa. Copies may be obtained from Glen V. Yarger, Engineer for Ihe Spencer Municipal Utilities of Spencer, lowa. No deposit will be required on the first set of plans and specifications. A five dollar IJ5.00) charge will be made on additional sets. This improvement is being constructed under authority granted the' municipality by Chapter 397 of the Code of lowa, 1966, and this Notice is given by order of said Board of Trustees. BOARD OF TRUSTEES OF THE SPENCER MUNICIPAL UTILITIES of Hie CITY OF SPENCER, IOWA. By: Harold H. Howe, Chairman Atlest: Keith G. Mugge, Secretary (R^415j~-~NOTrcE~of"VubiTc Hearing on Proposed Plans and Specifications and Proposed Form of Contract and for the Receipt of Bids for Construction of Improvements and Extensions to the Municipal Waterworks Plant and System of the City of Spencer, lowa. Notice is hereby given that the Board of Trustees of the Spencer Municipal Utilities of the City of Spencer, Clay County, lowa, wll meet at the office of the Spencer Municipal Utilities, Spencer, lowa, on the 7th day of October, 1975, at 11 o'clock A.M., at which time and place the Board proposes to adopt plans and specifications and form of contract and to receive bids for the construction of improvements and extensions to the municipal waterworks plant and system, and to enter into contract therefor. Said proposed improvements and extensions tre in qeneral as follows Trenching. Backfilling and Installation of Main. All work and equipment is lo be m Accordance with the ojans and specific, fl t'on r ' and nropcsed form of rontract now on (in In th« offict off th» Secretary of the OFFICIAL PUBLICATION ruiteei of laid herein set for su m«d« in dupileaft an pr E be obtained from ral AMnaitr and I :er Municipal utlmli be accompanied bv a c. ... any bank ma* payable n ft— — urer of the city ot iptnear, Iowa, in an « m ««w «i«» at.iaaif «»• per .catjt.o* the amount of tM bid as bidder, if his bid Is ate Inn a contract m aecr and wilt furntitr I .pir the tun amount of ma < bidder may withdraw t days after tha date let bids At. said hearini the consider plans-and r— posed form of contr same now Mint on General Manager in the office ef the . reference to which detailed and c proposed impn and place the said . and consider any el loraanca tnirtwim ^fil said Board will MWM . P«HV& retary of the Board, * K&XVK: i and at said time •« will also receive — , —Jactions to said plans* specifications and form of contract made by any interested party. Payment for said Improvements and extensions will b» made in cash. TM City shall not incur any fejieral obJIMHons for said improvement and extensions and the contract for said construction and exten- Ion shall not -""' ihair n ot"c? nj tlfu» a oenaraToBllia- of the City or be piyafjie In My manner by taijatl :ity on fhe tenth day of each month for .Jlnaty par cent of the work completed during tht preceding n ~" cent 31 days after completion and. final acceptance, if at the end of tha it day -— • — -i flla agalntt anv itll continue to fa- period, claims are en Contractor, fhe City tha fain from his unpaid fund* a than double ' claims, which retained amount, e balance thereof, will bt Mid ttll tractor upon final s*ftftm«nf of all cl • lets . Con- The tuccaitfui "bidder" shall "fufn*»h"« preformance bond in an amount «f 109% of the contra The days _ written of Il The work shall bt completed within .39 ivs after the City fives fhe Contractor r men notice to begin the construction. The Board does hereby reserve therleht to reiect any or all bio's, to waive Informalities and to enter into such contract or contracts, as it snail deem to bt for fhe best Interest of the City. This improvement is beint constructed by authority artnted to the City under Chapter 391 of th« Code of lowa, 1W3. : By virtue of statutory auffterltv.Prtfer. ence will be qiven to products anrt provisions arown and coal produced wltnfn thai State of lowa, and preference shall be iiven to lowa domestic labor. This notice Is liven by order «f the Board of Municipal Utilities Trustees of the Citv of Spencer, lawa. Harold H.JHowt, Chairman Attest: Keith G. Muggt, Secy. Board of Trustees Board, RE . R (R-«0)*Py6«TISEMENT. house, Woodward, lowa. STATE OF I Sealed bids /reau of An rvic vlces. .Jh Floor, Lucas Mat ...-- -„••*«•,, -.-- Molnis, low*, until September 10,1*75, for th* roof replacement f th*C*ntral Wiif*- hous* at the Woodward Stale Hospital- School, woodward, lowa. A certified eneck drawn upon a solvent bank or bid bond executed by corporations authorized th* contract as surety ifi lowa, and submitted ,on AIA Document A3IO, Bid Bond", in the amount of five per cent (5%) of tht total bid and made, pay- ble to fhe lowa Department of Social ervices, shall be filed with each bidder's roposal as a guarantee that the accepted ildder shall enter into a contract with the itate of lowa and file an approved surety company Performance and Payment Bond for the faithful performance..thereof. Upon . failure to comply, said check or bid bond snail become forfeited as liquidated datn- _ Plans, Specifications, and Proposal Forms for the pro eels may b* seen and secured at the Bureau ot Architectural and Engineering Services,, low* Department of Social services'«th Piper, Lucas State Office Building, On Molnes, lowa dditional Plant and Specifications will be on fit* at th* following locutions: FW'DOd Master Builders'bf'Towa, Des Moines No. lowa Bldrs Exch a Mason City Waterloo Bldrs Plan Exch. Mid-West Contractor, Kansas City, Me. .Nat'l .Economic Development Assoc., i Woodward State Hospl- Buslnej: fal-School All proposals shall be filed on the form furnished, sealed, and plainly marked. The lowa Department of Social Services reserves fhe right to reiect any or all bids and to accept the proposal which appears to. be in the best interest of the State el lowa. By Order of: Des Moines, lowa 50319 Kevin J. Burns, Commissioner C.F. Jacobson, Supervising Architect ADVERTISEMENT __ JR-4?1)—ADVERTISEMENT RE: R.eropfinfl a.nd_R*m*d!*rRepairs fins and Remei r Main Bulldln !'^??'t_h instill u- Center ... Mount 1 ' pleasant lov Sealed bids wilt'be received by the reau of Agricultural ~" services, Department «h Floor, Lucas Stal Des Moines, lowa, unfh z:vu r.m., t.o.T., September 17, 1975, for the Rerootlng and Remedial Repairs of the Center Main Building at Mental Health Institute, Mount Pleasant, lowa. A certified check drawn upon a- solvent bank or bid bond executed by corporations authorized to contract as turety In Iowa, «nd submitted on AIA Document A&O, "Bid Bond," in the amount of five per cent (5%) of tho total bid and made pav- ible to the owa. Department of Social ervices, shall be filed with each bidder's iroposal as a fluarantee that the accepted jidder shall enter into a contract with tm State of lowa and tile an approved surety company Performance and Payment Bond for the faithful performance thereof, upon failure to comply, said check or bid bSnd shall become forfeited as liquidated dam- Plans, specifications, and Proposal Forms for the Protects may be seen and secured at the Bureau of Architectural and Engineering Serices, lowa Department of Social Services, Ah Floor, Kca» Stjite Office Building, Des Moines, lowa ans and SpKltiutioni will i following locations: ce, Mental Health Institue, Mount Pleasant ' " ' Plan Room, Cedar Rapids ige, West Des Meints Additional Plans an be on file ar the for Business Office, Mount r F'. w: Dodge, West Des Me F. w. Dodqe, B*tt*ndorf Master Builders of Iowa, Des Molnts No. lowa Bldrs. Exch., Mason City Quad-Cities aidrs. C ub. Rock Island Sioux City Construction League Wafer oo Bldrs. Plan Exch. Mld-W*st Contractor, Kansas City, Me. Nat'l. Economic Development Assoc.. Kansas City, Kan. All proposals shall be filed on the form furnished, sealed, and plainly marked. The lowa Department of Social Services reserves the right to reiect any or all bids and to accept the proposal which appears to be in the best interest of the State of lowa. By Order ot: lowa Department of Social services 6th Floor, Lucas state Offic* Bunding Des Moinns, low* 5031* Kevin J. Burns, Commissioner C. F. Jacobson, Supervising Architect ADVERTISEMENT (R-419) Articlts of Incorporation lowa Midwest Trainina Inc. An lowa Corporation ARTICLE I The name of this corporation ihall h* IOWA MIDWEST TRAINING INC. This corporation Is nrnanlznd and Incorporated under Chapter 496A of th* 1971 Code of lowa and We, whose names an hereunto transcrlh«d, do hereby organize this body corporate as allowed, provided and authorized therein. ARTICLE III This corporation is organized far th* ourpose of and shall have unlimited power to engage in and do. any lawful act con. cernlna any or all lawful businesses for which corporation; may be organized under Chapter 496A nl the 1971 Code of Tow*. ARTICLE IV The cormralion shall be authorized t» Issue 50,000 shares of common stock, th* par valu* of $1 oer* ind alf such shares shall be of eaual value and have trie rights as by law allowed. ARTICLE V The initial registered office of this cor- ooration shall be at 175 NW 49th Place. Des Moines, lowa and its Initial registered agent shall he Robert G. Reynolds of RR. Waukee, lowa. ARTICLE VI This corporation shall have an initial hoard consisting of 1 directors. They shall he: Robert G. Reynolds. RR Waukee. lowa IOPOLITAN BIOS SHOP fiblfaW™ Notice is hereby given that the Des Moines Metropolitan Transit Authority will receive sealed bids at th* office of the Authority, 2320 High Shreet. Des Moines, lowa 50312 until 4:00 p.m. On September 8, 1975 for shop equipment items as follows: CM One (1) Magnetic Particle Inspection Machine D-2 One (1) 1500 Ibs. Capacity Mobil* Crane. Kwlk-Way Model K-1500 or Approved Eaual Bids shall be accompanied by additional materials as detailed in the spec ifications. Bids shall be directed to th» Des Moines Metropolitan Transit Authority. 2320 Hiah, Street, Des Moines, lowa 50312, and boldly endorsed on the outside wrapoer: "SEALED BID - SHOP EQUIPMENT" Bids will be opened publicly In the office of the Transit Authority at 10:08 a.m. on September 9, 1975. at 2320 Hl«h Street. Des Moines, lowa 50312. August 27, 1975 (R-394) NOTICE NOTICE IS HEREBY GIVEN that OTTUMWA LIBSON SHOPS? INC., an lowa Corporation, located at 104 Main street. Ottumwa. lowa, and trjnsacting the business of retail selling of ladies ready to wear, did, on July 31, 1975, as provided bv law, meroe into LIBSON SHOPS, INC.. a Missouri Corporation, with offices located at 1209 Washington Avenue.. St. Louis. Missouri. 63103; that Articles of Merger were filed and recorded in the Office of the Secretary of State of lowa on the 29th day of July. 1975. OTTUMWA LIBSON SHOPS. INC„ A Corporation Bv: Abe Lieberman. Vice-President

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