The Des Moines Register from Des Moines, Iowa on August 29, 1975 · Page 26
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August 29, 1975

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The Des Moines Register from Des Moines, Iowa · Page 26

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48 / DES MOINES REGISTER • Frl., Aug. 29, 1975 Central Lyon, Hartley sharp Hartley has dominated the Sioux Valley Conference in recent years, winning six of the past seven crowns* and is currently on a string of 22 league victories. It's doubtful if that streak will be halted this season, but if anyone is capable of doing it, it's Paullina, where Coach Charles Hughes is fortified with 15 letter winners. The Siouxland Conference, meanwhile, has always rated as one of the state's best 2A leagues. Sioux Center won the state championship in 1972 and last year's co- champs, Central Lyon of Rock Rapids and Class A Rock Valley, were among the section's point leaders. This season, Central Lyon has already been tabbed No. 1 in The Register's 2A ratings, while Rock Valley is No. 4 in Class A. Today, we'll look at those two loops, starting first with the Sioux Valley. THERE'S ONE new look. Sanborn, a co-champ in the Quad-County Conference last fall, returns to the league in place of Harris-Lake Park, now in the State Line Conference. Sanborn has been a league member in basketball and other sports for a number of years, but dropped out of football a few years back when the school temporarily dropped its program. Hartley again appears the team to beat, even though Coach Rich Lawrence has only three regulars returning — fullback Rod Ellingson, tailback Steve Meyer and end Dave Treimer. However, nine other lettermen are on hand and if Lawrence can find a quarterback the Hawks could add to their winning streak of 17 games. Paullina must replace some graduated offensive linemen but figures as the chief contender with 11 senior Icttermen, three experienced juniors and quarterback Tim Kraayenbrink, who started as a freshman. The remainder of the league looms as a toss-up. Milford has only one senior on its squad, seems well fortified in the line with tackles Dave Anderson and Jim Stu- clcr. guard Wayne Ball and center Kevin Range returning, amTalso can pick from talent off an unbeaten sophomore team. Speed will again be a chief asset at Alta, where new Coach Tom Dahlhauser will rely on 200-pound fullback Jack Schulte and halfback Terry Galvin. Size will -be the forte at Primghar where another new mentor, Dave Walkup, inherits 15 lettermen. Among the returnees are tackles Ron Smith (235) and Jerry Schueller (205) and 210-pound fullback Mike Billings. Aurelia lacks experience, but Coach Myron Radke has a strong backfield led by fullback Todd Hallquist and halfback Mike Whitmore and does have 12 other letter winners available. Sanborn has only three PREP PARADE Ry Chuck Burdick regulars back from a year ago and will rely heavily on younger players. No report was received from Sutherland. JUST ABOUT everyone in the Siouxland Conference figures to be as good or better than a year ago when Central Lyon and Rock Valley went 7-1. The league drops to an eight-team conference with former member Akron moving to the Little Sioux Conference. Central Lyon will depend on an experienced backfield, good team quickness and speed, but must replace much of its offensive line. Rock Valley lost little from last year's club and has all- league selections returning in end John Van Beek, running back Roger Hansen and defensive standouts Gene Wolfs- winkle and Kevin Tyler back. Maurice-Orange City and Sioux Center appear to be the top threats, with Coach Gordon McKinstry retuning six. starters among nine letter winners. McKinstry boasts good depth, except in the defensive secondary, and feels an improved offensive line will be a key to improving last year's 4-5 record. Sioux Center was 6-2 a year ago and was the dnly team to defeat Rock Valley. Former assistant Jim Johnson takes over as head coach and has eight regulars among 14 lettermen. Size will again be there with Gregg Den Herder at 200, Bob Meendering at 225, Tom Schubert at 200 and a number of other vets around the 190 mark. West Sioux of Hawarden, only 3-6 last fall, should be vastly improved with seven regulars among 18 lettermen. Add to that the fact Coach Gary Fox can pick from talent off a junior varsity team that, was J5-.2 .and. ..an unbeaten freshman squad, the top returnee is fullback Troy Van Skike, an all-league linebacker as a junior. George won only one game last fall, but is another team expected to be greatly improved. Coach Delane Poppe returns his entire starting line and has 10 regulars among 13 veterans. Defense will be the strong point at West Lyon of Inwood, where 12 lettermen return to Coach Al Mews. Boyden-Hull also will depend on its defense, new Coach Terry Lippold returning seven veterans there. However, he must come up with an offensive line and a quarterback to be a contender. Next - The Hawkeye and Conferences. Eastern Iowa Twin Lakes OUTDOOR TIPS YOUR LONO-IIAIREU POO WILL REMAIN COOLER IF YOU PON'T CLIP HIM DURING HOT WEATHER... S6P VUir May Jul Sep Oct Dec Jan War May Jul AU9 . Son Oct Dec Jan Mar May Jul Aug Sep Nov Jan Mar May Jun SOYBEANS FALL DAILY LIMIT THURSDAY PRICES CHICAGO the Chicago Futures trading on Trade Thursday: Low dost Prev . 3.26 3.2 Seo Dec War May Jul Sen Nov Jan . 3.23'/ .26 .24 1.66 1.68 1.69 1.69 1 3.0; 3.0L 3.17 4.2! 4.411} 4.55 4.56'3 4.36'/3 3.13Vj 3.14',* 3.22 3.13V} 3.1« 3.0 3.14 3.16V2 3.0 3.24 3 1 3.27 3.l9yj IJOVj 3.25 OATS,,;™.^ "° "°' /j3 -" " " 1.67Vj 1.60 1.60 1.66 1.69 1.61'/j 1.61'A 1.67'/3 1.70'/j 1.6JH 1.623/4 1.68'/? 1.69V3 1.62'/3 1.62V3 1.68V3 1...64 .1.64 1.64 SEC 'policy' calls for reimbursements Leased Wire to The Register Members of the Securities and Exchange Commission (SEC) regularly accept travel and expense funds "from trade and professional /groups to speak before their nieetings, an SEC spokesman says. "It's been a standard practice for quite some time," said the spokesman, Chiles Larson. SEC Chairman Ray Garrett, jr., has accepted more than $16,000 in reimbursements for travel, room and board since . 22.70 22.50 22.33 . . SOYBEAN MEAL (100 tons) 146.00 147.00 142.00 142.50 146.00 143.00 149.00 144.50 144.50 148.00 152.50 153.50 148.10 148.50 152.00 154.00 155.50 150.50 151.50 154.00 159.00 15?.50 155.00 156.00 158.50 164.00 164.00 159.00 160.00 163.00 8.00 168.00 163.00 163.00 167.00 163.50 168.00 ICED 45.40 41.60 42.00 41.90 45.50 44.8 41.80 40.8 4J.15 41.6 44.85 .95 45.40 41.45 . 42.10 14.85 ..... 10.80 40.9: 11.65 41.75 41.95 41.85 42.10 42.30 _ 42.30 42.45 SILVERTsliOoliroy e»T~ 42 ' 5 ° 42 ' 5 ° Sep 474.00 474.00 462.00 463.00 470.00 Oct 480.00 480.00 467.00 468.50 476.00 Dec 488.50 488.50 476.00 478.00 485.00 Feb 496.00 497.00 485.10 486.00 494.00 un 5)4.00 514.00 501.00 53.0000 510.50 Au9 521.50 522.50 509.00 511.1" " Oct 53,0.50,530.50. SJ9.0JL 5.1 De °PLYWof Sep Mov Jan i3;3.00 IMiSO 18.56 HMO 131.20 Mar 135.00 136.00 131.60 131.60 133.50 May 139.00 139.00 134.10 134.10 135.50 Jul 140.00 140.00 137.20 137.20 137\5 b-BId; a-Asked; n-Nominal. CHICAGO, ILL. (AP) - Soybeans, soybean oil and oats futures plummeted to allowable daily limits on the board of trade Thursday. Late in the session some holders of long positions among local professionals were noted GRAIN TRADE CHICAGO THURSDAY (AP) — Grain futures purchases: Prcv session Year atjo Wheat 69,635,000 35,000,000 Corn 141,025,000 88,535,000 Oats 4,175,000 3,965,000 Soybeans 106,080,000 52,700,000 Soybean oil • 6.B97 5,737 Soybean meal 5,045 3,273 Iced broilers 732 660 Total 320 915,000 179,000,000 Open interest In wheat futures the previous esssion totaled 205,625,000 bushels; corn 456,460,000; oats 13,755,000; soybeans 326,010,000; soybean oil 26,264 contracts; soybean meal 18,278 contracts; Iced broilers 4,187 contracts; total 1,001,850,000 bushels. THE LONG HAIR PROTECTS THE ANIMAL FROM THE SUN RAYS AMP ALSO HELP^ KEEP INSECTS FKOM BOTHERING HIM Your ace was lucky, but not mine SANTA BAKBAKA, CALIF. i.M'i — John Martin, 76, recorded a hole-in-one on the % yard, par-3 third hole at the Community ,Ljfj|f course here Thursday. In the .same loursorne was Walter C. KlK'rhardl, 715, who scoflnl at the shot, toed one up and duplieaied tin' leal. AUBURN JOINS ALABAMA SUIT TUSCALOOSA, ALA (AP) A hearing could be held as early as next Tuesday on Alabama Football Coach Paul Bryant's lawsuit against the National Collegiate Athletic Association, which has been transferred to federal court. The move from state court was made Wednesday night on a motion by NCAA attorneys. A state court hearing had been set for today, but now is postponed. The federal court is sitting in Tuscaloosa next week. Auburn, meanwhile, authorized ils attorney Thursday to i file a petition with the federal court to join Alabama as a plaintiff in the suit against the NCAA. Bryant's action seeks to enjoin the NCAA from immediate enforcement of its new rule limiting traveling football squads to 48 and home teams to GO players. Alabama attorney Paul Skidmore said a decision has not been made whether to file a motion to send the case back t» state court. selling out. As prices fell, stop loss selling appeared in the major pits. Some trade sources thought that the beginning of soybean harvest in the South might have influenced liquidation. Wheat and corn are expected to post record yields this year and as prices in the soybean complex fell, selling turned very active in the other major pits. There were very few buyers at any level on the decline. At the close, wheat was down 10'/2 to 19 cents a bushel. Corn was off 4'z to 6'/2 cents and oats were lower 5% cents to the 6 cent limit. Soybeans were down 18 to the 20 cent limit. DES MOINES GRAIN Des Molnes prices — Less than carlo! Thursday: Receipts — Corn 8 cars; beans 7; wheat 2. Feed prices are oubiect to wide variations in different sections ot the state due to transportation, handling and storage costs. Iowa wheat — S3.57. Soybean meal — 59.10-10.00. 100 Ib. sack pure bran — S6.85-7.00. 100 Ib. sack pure midds — S6.B5-7.00. Tankaqe — S10.40-14.00. Linseed — SI 1.00. CENTRAL IOWA MARKETS County elevator bids on corn, oats, sov- heans in area nom Des /Vioines show the followinan Thursday: Corn — No. 2 yellow $2.79-2.83. Oats — $1.25-1.50. Soybeans — No. 2 yellow $5.17-5.32. IOWA REGIONAL MARKETS Iowa elevator bids on corn and soybeans compiled by (he federal-state grain market news office In Des Moines Thursday. Price per bushel: No. 2 Yellow Corn $2.75-2.83 2.80-2.88 2.82-2.98 _._ ____ 2.69-2.83 2.75-2.87 2.86-2.97 No. 1 Yellow Soybeans $5.15-5.56 5.'21-|.'41 iiso-slso He just fell in COLUMBIA, S.C. (AP) Ron Bass, South Carolina quarterback 'who lore knee ligy- nients in a scrimmage Wednesday and will be out for the season, said from his hospital room, "There was a pileup and I just fell in." Region Northwest North-Central Northeast Southwest South-Central Southeast OMAHA GRAIN OMAHA, THURSDAY (AP) — The Omaha Grain Exchange reported no sales. Wheat nom.-2-7c off $4.04' 3 -4.07'.j. Corn nom. 4c off 52. 96-3. 09. Oats nom. 6c off $1.. 17-1.52. Rye nom. unchanged $2.5.1-2.60. Soybeans nom. 18c oft $5.24-5.34. Sorqhum nom. lOc oil $.(.704.95. CHICAGO CASH CHICAGO, THURSDAY (AP) — Wheat nom. lower, basis unchanged; receipts 1 car. Corn nom. lower; basis unchanged; receipts 1 car. Oats nom. lower; basis unchanged. Soybeans nom. lower; basis unchanged; receipts none. Truck receipts: wheat 199,229 bushels; corn 117,862 bushels; oats 162 bushels; soybeans 39,815 bushels. Wheat No. 2 soft red J3.77'/jn; No. 2 hard winter $3.77' in. Corn No. 2 yellow $3.10n (hopper) $3.00n (box). Oats No. 2 while $1.43n. Soybeans No. 1 yellow $5.49n. No. 2 yellow corn Wednesday $3.15'.'4n (hopper), S3.05lin (box). Choice white grease 17'/4-'/7c; bleachable fancy tallow 17ia-18c and "B" while special tallow 14'.2C. MINNEAPOLIS MINNEAPOLIS, THURSDAY (AP) Wheat receipts -116; year ago 296; spring wheat cash trading basis unchanged to up 2-7c; prices down 4'/ac to UP 2'ic. No. " dark northern 11-17 protein 54. 15-5. 19. Test weinht premiums: c each Ib 58-61 Ibs; c discount each '2 Ib under 58 Ibs. Protein prices: II pet $4.15-4.20; 12, $4.30-4. 35; 13, S4.50-4.55; 14, $4.75-4.78; 15, $5.04; 16, $5.14; 17 $5.19. No. 1 hard Montana winier $3.93-4.90. Minn-S.D. No. 1 hard winier $3.84-4.90. No. 1 hard amber durum, $6.35. 6.50; discounts amber 5c; durum )0c. Corn No. 2 yellow S3.30U-3.34'. a. Oats No. 2 extra heavy white $1.67. Barley, cars 188, year ago 143; Larker $3.06-4.00; Blue Maltinq $3.06-4.00; Dlckson $3.06-4.00; teed $2.30-3.05. Rve No. 1 and 2 $2.90-3.10. Flax No. 1 S7.50. i Soybeans No. 1 yellow $5.51. Standard bran SI. 00 lower $75.00. Standard middlings $1.00 lower 575.00. WHEAT FUTURES Pvs, Open High Low Close Close Sen. 4.60 4.63' 4.47 4.51 4.55V Dec. .1.78 473 4.58 4.59 4.66 Mrir. 4. /8 .1.78 4.69 4.69 4.76 URUM FUTURF5 Sen. 6 40 <i.40 6.35 6.35 <S.30 Dec. 6.40 6.40 6.35 6.35 6.30 KANSAS CITY KANSAS CITY. THURSDAY (AP) — Whcdl 19? cars; off 7' c to UP He: No 2 hard $4.45' .-4. i5; Mo. 3 s.|.in-4 67' : n; No' 2 red wheat $4 (19-4.09' . •: No. 3 S3. 91-4 10' ;n Corn 39 car;. ; oil 3c lo up 15c; No 2 MvtP «3 -il-l 7'n- Nf 3 S3 rf'1-1 6nn : No 2 pellow $3.16-3.22':; No. 3 $2.86-3.24' :n. , O.il 1 . ; cors; nom unch; No. 2 while SI.. -,7-1 Sin; No. 3 Sl.57-l.80n. I Nn. ? Milo SS.IOn. , NJ. ? Rvo 5.2.22-5. 44n No. ? Barley SJ.07 ?.17n No. I Soybeans $5.4^-5 Ron. Sacked bran S93. 00-93. 75 Sacked «hor(5 594.55-95.00 Gram (ulures on Hie Kansas CHy Board nf Trade. WHb'AT FUTUR.FS Op^n Hiah Low Close Prcv. Hep 4.28 4.30'i 4.17 4.17 4.54' , D'.-c 4 41 4,45 4.32 4 32' 3 4 39 Mdr 4.5' 4.J7 4.43 4.43 4.iO May 4.V)'j 4.50'.. 4.37 4.38 4.43 Jul 4.:L''j 4.33'j 4.27'. j 4.26 4.30 taking his post almost two years ago, according to Media General, Inc., newspapers, which first reported the SEC practice. The story quoted investigators for a House Commerce subcommittee -as saying the SEC policy is unique among regulatory agencies. "Other regulatory agencies prohibit acc e p t i n g reimbursements to avoid the appearance of im- properiety," said Media General. I n order to accept the monies, SEC officials must go on annual or administrative leave. Media General said. "Under administrative leave, the most widely used designation when attending the meetings, the officials may still draw salary," Media General said. SEC staff members and commissioners do not accept reimbursements from specific firms under the commission's jurisdiction, the report added. It said Garrett had accepted expense funds for visits to meetings and conventions of trade organizations such as the Securities Industry Association, the National Security Traders Association and the American Society of Corporate Secretaries. The four other commissioners have accepted reimbursements for similar appearances, the report said. The Media Genera! story was based on information submitted in response to a questionnaire from the House Commerce subcommittee. Larson said the reimbursement policy saves taxpayers money and gives the SEC poli- c y and regulations before groups interested in the agency's work. The Media Genjral story quoted SEC public information director James Rosenfeld as saying: "I think that if a commissioner or a staff member is influenced by having taken a trip somewhere, you've got a fundamental problem. If a lot of the back office influence peddling is to be done, more lobbying can be done at somebody's office than at these meetings." Make way for SDRs A computerized unit with the nitials SDR is slowly pushing aside the world's major trading currencies, and even gold, as a financial medium in the international market place. World-wide inflation, the dependence or industrialized countries on floating exchange rates and, pressure by developing countries has accelerated the emergence of a special drawing right (SDR) standard. It has been used by its founder, the International Monetary Fund (IMF), as a unit of account for more than three years. For the past year some countries have begun to expres: their exchange rates in SDRs. It is also spreading into commercial transactions with surprising rapidity. The Organization of Petroleum Exporting Countries ..are considering adoption of an SDfl pricing system for oil. By Apr. 1, 1977, world-wide airline passenger fares, cargo rates and other transport transactions are all to be quoted in SDRs instead of dollars or British pounds. The first Suro-bonds to be denominated in SDRs have been issued and successfully sold. Tolls for the use of the reopened Suez Canal are quoted in SDRs instead of Egyptian pounds. Once dubbed "paper gold," the SDR is a computerized unit whose value is determined daily in terms of 16 currencies. Until July 1, 1974, it was valued in U.S. dollars. It was established by the fund's board of governors in 1969 and issued on a quota basis on Jan. 1, 1970, each country's allotment based on its voting rights in the fund. Strictly an exchange medium i between governments, it is not ! accessible to people for such mundane purchases as a cup of coffee Or a new suit. The role of the SDR started its slow ascendency into the forefront of international transactions when the Bretron Woods '•agreement thai had been the guiding force in the western world's monetary affairs for 25 years was virtually demolished by America's suspension of gold convertibility for the dollar four years ago this month. In a meeting in Washington, D.C., this coming Sunday, the IMF's interim committee is expected to discuss proposals to adjust the fund's voting rights. Such a change would allot more SDRs to the oil-producing nations and lower the amount held by the industrialized countries. This issue, along with what to do about the fund's gold holdings, will come before the fund's annual meeting which will be held here jointly with the World Bank next Monday through Friday. Cargill disposition Cargill, Inc., said it sold its entire stock interest in Missouri Portland Cement Co., of St. Louis, Mo., to H. K. Porter Co., Inc., of Pittsburgh, Pa. The 371,464 shares represent about 18 per cent of Missouri Portland's outstanding stock. Cargill which did not disclose the price of the transaction, said it no longer owns any securities of Missouri Portland and has no intention of buying any in the future since it is no longer seeking control of Missouri Portland. Cargill had made a tender offer for all of Missouri Portland's outstanding shares in late 1973. In October, 1974, Cargill said it decided against a tender offer for any additional shares, citing general business conditions and the price of Missouri Portland stock. After Cargill's initial tender offer Missouri Portland had obtained a court order enjoining !argill from extending the offer. Big spender U.S. Steel Corp. raised its estimate of its 1975 capital expenditures saying it expects this year's spending on plant and equipment to increase about 50 per cent over 1974's $508.3 million. Previously, the company had said it expected an increase of 20 per cent to 25 per cent over last year's capital outlays. The revised forecast was included in a preliminary prospectus. Sears confident Sears, Roebuck & Co. told retail analysts in Chicago, 111., it is forecasting a 5 per cent to 6 per cent increase in general merchandise industry sales for the third quarter ending Oct. 31. Sears also forecast a fourth quarter increase of 8 per cent to 10 per cent, a 1976 first quarter increase of 9 per cent to 11 per cent, and a 1976 second quarter increase of 7 per cent to 9 per cent. "We feel that there's definitely a better tone to business," said Arthur M. Wood, Sears chairman. "There's stronger demand for goods reflected generally across the country." Lloyds record Lloyd's of London, the international insurance firm that collects more than $2 billion in premiums around the world, posted a record profit of $202 million in its last trading year. The figures were for the 1972 underwriting year left open until the end of 1974 for final payment of premiums and claims. U.S. TREASURY BONDS, NOTES CHICAGO. THURSDAY (AP) stock receipts at principal markets: (Federal-State Market News Service) Prices were 25 to 50 cents higher on the interior Iowa and southern Minnesota hog mar- sets Thursday. Trade was generally slow and demand was unevenly moderate. The mixed grade 200 to 230 pound butchers, with some to 240 pounds, sold late at the coun- r c33 wciifiiicu vTiiuicaaiv H 35 commodities advanced Previous D»Y 35»,36, Week Month Ago 34" High _ow NEW YORK Counter U.S. Thursday. Rate Mat. dale Sep 1975 n Nov 1975 n Dec 1975 n Feb 1976 n Feb 1976 n Mar 1976 n May 1976 n May 1976 n Cay 1976 n Jun 1976 n Aug 1976 n Aug Aug Sep Oct Nov Nov (Ap)-cioslnq Over-the- Treasury Bonds for Bid Asked Bid Ch9 Yltl 100.4 100.8 5.03 100.0 100.4 6.25 10. 0 100.4 99.11 99.15 99.17 99.25 100.11 100.15 , 98.27 93.31 , pec 1976 n 1977 n 1976 n 1976 n — - l'Z«n Feb 1977 n Feb 1977 n Mar 1977 n Apr 1977 n May 1977 n May 1977 n May 1977 n Jun 99.11 98.30 101.2 9f.t 100.1 98.11 100.19 1 98.21 98.10 99.'l5 99.'19 +.1 100.19 100.23 +.2 99.15 99.2 101.6 99.5 100.5 98.15 '1.23 J.25 98.14 . 99.13 . 97.16 98.3 . 97.20 98.7 July 1977 n Aug 1977 n Aug Nov . . . 97.26 +.2 99.16 +. Feb Aug Sep Nov Nov Feb Nov Feb Feb Aua Nov Feb • o.j jtt.r Ti* 99.9 99.13 +.1 98.13 98.17 +.1 101.23 101.27 +.1 98.4 98.8 97.22 " 99.14 _ 100.1 100.9 +.3 100.23 100.25 +.3 99.27 100.3 +.4 96.20 96.28 +.2 97.28 98.4 +.2 99;22 99.24 +.2 98.30 99.2 +.1 101.30 102.6 +.3 94.17 94.25 +.2 99.4 99.12 98.18 98.22 +.2 93.26 94.2 +.2 100.30 101.2 + .5 94.30 95.6 +.4 96.8 96.16 +.2 85.14 86.14 -ji.2 95.8 95.16 +.2 103.10 103.18 +.8 82.14 83.14 94.28 +.4 1977 n 1977 n . -- 1978 n May 1978 n May 1978 n Auq 1978 n Aug 1978 n Nov 1978 n May 1979 n Jun 1979 n 1979 n 1979 n 1979 n 1979 n . .. 1980 May 1980 n Au9 1980 n 1980 1981 n 1981 n 1981 1981 n . „ 1982 May 1982 n Aug 1982 n Jun 1978-83 Aug 1984 May 19R5 May 1975-85 Nov 1986 Feb 1990 May 1990 Aug 1987-92 Feb 1988-93 Feb 1993 Aug 1988-93 May 1989-94 Feb 1995 May 1993-98 Nov 1998 May 1994-99 Feb 1995-00 Aug 1995-00 . May 2000-05 .. n— Treasury Notes. Bid and asked prices quoted in dollars and thirty seconds. Subiect to Federal taxes but not to State income taxes. 94.22 96.10 95.18 97.30 91.18 99.0 99,10 81.8 91.22 81.8 82.2 96.18 +.4 96.18 +.6 98.6 +.10 92.18 +.2 99.4 +.12 99.14 +.12 82.8 +.2 92.22 +.2 82.8 83.2 81.8 99.0 81.22 81.14 + .4 + .2 + .14 82.8 99.8 . .. 82.22 +.4 82.14 +.4 89.8 +.2 94.20 +.4 82.22 +.2 82.8 +.2 .- 89.8 +.4 . .12 82.12 ... 99.26 100.10 +.12 94.8 +.16 99.4 4-.18 97.24 f.16 9320 81.22 81.8 93.24 98.28 97.16 6.73 7.16 7.28 7.29 7.31 7.25 7.43 7.33 7.50 7.54 7.61 7.63 T.64 7.58 7.47 7.71 7.72 7.76 7.81 7.82 7.84 7.81 7.79 7.59 7.82 7.70 7.67 7.89 7.48 7.99 7.90 7.87 8.07 8.15 8.03 8.17 7.99 7.99 7.6S 8.04 8.11 7.39 8.22 8.17 7.73 8.13 7.87 8.17 8.23 6.15 7.51 5.65 6.65 7.56 5.27 8.46 5.87 5.53 7.90 8.07 5.63 4.36 8.03 4.76 8.47 8.44 8.45 8.46 HOG, CATTLE TRADE SLACK (AP) - Live- Peoria Kansas Cltv Omaha East St. Louis St. Joseph Sioux Cfty South St. Paul Indianapolis Cincinnati Fort Worth Cattle Hoqs Sheco 100 2 '°° i 2,0 ' , 4,40 4,000 2,500 5,500 »J 100 By Daryl Vanderflugt TREND Of STAPLE PRICES NEW YORK (AP) — The Associated ress weighted wholesale price Index of 335164 331 W 231 '.53 (1926 average equals 100) try points for $57.50 to $58, with a few for $58.25. The same grade and weight at the packing plants brought $57.75 to $58, with a few for $57.50 and a few up to $58.50. Trade was slow on the Iowa cattle market Thursday. De- LIVESTOCK SLAUGHTER WASHINGTON. THURSDAY (USDA) Estimated daily livestock slaughter under federal inspection: Hogs Cattle Sheep 224,000 145,000 31,000 212,000 144,000 29,000 293,000 132,000 35,000 919,000 562,000 118,000 Thursday Week ago ;ar BOO ..f.. fo Date Corr. Period Last wk. Last yr. 852,000 1,175,000 119,000 133,000 mand ranged fair to good. Slaughter steers sold $1 higher and heifers were 50 cents higher, Prices and receipts are listed in tables in this section. Seek Chrysler in Omaha death OMAHA, NEB. (AP) - Omaha police are seeking a 1972 or newer Chrysler with damage to the right side or front in connection with the death of a 19- year-old Malvern; la., woman. The body of Mary Jo Smith was found Monday in a shallow ditch near the southern edge of Omaha. Police said she had been run over by a car and her body dragged several feet. Lt. Paul Duff, head of the night homicide unit, said Wednesday, the investigation is leading police to believe Miss Smith was the victim of a hit- and-run driver, rather than a homicide. Duff said a study of the death site, along with results of an autopsy which showed the cause of death to be from massive hip injuries, led to the hit- and-run theory! The woman's purse, however, remained lodged under the auto for several more blocks. Duff said the discovery of the purse led police to establish the probable time of the accident at between 2:30 and 3 p.m. Sun day. DES MOINES, THURSDAY, (FED- STATE) — Midwest carlo! meat trade: Beef trade continues slow; demand moderate, best Interest for good grade beef; choice steer beef steady to 50c higher; good steady to $1.00 higher; choice heifer beef 50-75c higher; good $1.00 higher; cow )ecf steady to $1.00 lower. Fresh pork cut trade very slow; market poorly established; loins and bellies no sales reported; skinned hams steady to "st°ee? W beef - choice 600-700 Ibs $79.0079.50; 700-900 Ibs S80.50-fll.00; good 6nn.ono bs $71.75-72.50; 500-800 Ibs bng type.$64.00- H6.50; heifer beef - choice 500-700 ibs $78.00-78.25; good 500-700 Ibs $70.00-71.00: cow beef — utility (brkng) northern $44.00; utility (boning) $44.00; canner and cutter northern $43.00-43.50. Fresh pork cuts — picnics B bs and up $62.75-64.00; Boston buffs 4-8 Ibs $95.00; sparerlbs 3-dn $114.00; skinned hams 14-17 bs $91.50; 17-20 Ibs $91.50. CHICAGO, THURSDAY, (USDA) Carot meat trade: . . , Beef trade very slow late; demand fair; choice steer beef untested; choice heifer beef 25-75c higher; good steer beef 25c-1.00 higher; good heifer beef $1.00-1.25 higher; cow beef steady to $1.00 lower than Tues- a Fresh pork trade slow; demand generally poor; picnics 25C-$1.00 higher; hams 1420 Ibs $1.00-1.50 lower than Tuesday; bellies and loins untested. ! Steer beef — good 500-600 lbs| $71.7572.25; 600-800 Ibs $73.00-73.50; heifer beef. - choice 500-700 Ibs $79.00-79.50; good 500700 Ibs $71.50-72.25; cow beef — utility (brkng) northern $45.00; canner and cutter (northern) $44.00; choice primal cuts arms chucks 110 Ibs dn $63.25-64.25. Fresh pork cuts - picnics 4-8 [bs $64.50; B Ibs UP $64.25-65.25; Boston Butts 4-8 bs w'il; s S kin r n e ed b hams b ?4. < 17 !b^ 5 i»l«.92.75) 17-20 Ibs $92.25-92.75; 10-12 Ibs $98.00. MIDWEST STOCKS t CHICAGO (AP) — Following la an _. brevlated list of stocks traded on the Midwest Stock Exchange Thursday with sales, highs, lows, closing prices and net chani •---•• Sales 200 Anch-COUP 9y> 131/2 4Vi Changes from the previous close: "- r - High Low Last Chs. 3000 CarsPIr Sc 400 Hein Wern 700 Hollymtc 100 InldStl pf 200 Nachmn 1100 Os Gold Sd 100 Starr Bdct 13 4"4 3',8 13V4 42 41'/j 41J/2+ MIDWEST STOCK SALES Total stock sales 800,000 SUGAR NEW YORK, THURSDAY (AP) — Do mestic sugar futures on the New York Coffee and Sugar Exchange; previous dose in parentheses; prices in cents per Ib Sugar no. 12: no trades. Raw suq6r spot 18.75. Sugar no. 11: Sep 16.76 (16.80); Oct 16.30 (16.45); Mar 15.35 (15.60); May 15.30 (15.45); Jul blS.10 (15.10); Sep n!5.04 (14.95); Oct 14.95 (15.00). Sales: 5,073. b-bid n-nominal. COCOA NEW YORK, THURSDAY (AP) Cocoa futures on the New York Cocoa Exchange; previous close in parentheses, prices in cents per Ib; Sep 57.25 (56.75); Dec 51.35 (5085); Mar 49.00 (48.40); May 48.20 (47.58); Jul 47.35 (46.95); Sep 46.95 (46.70); Dec 46:45.145.95). Sales: l,0!b. Spot accra unquoted. SILVER NEW YORK, THURSDAY (AP) — Silver futures on the New York Commodity Exchange; previous close in parentheses; prices in cents per 02; Sep 46400 (472.60); Ort 4i(a.30 (477.10); Dec 476.80 (486.00); Jan 481.10 (490.30); Mar 490.00 (49940): May 49810 (507.40); Jul W ?0 1116.10) Sep 514.20 (524.30); Dec 52.30 (536.60). Sales estimated 9,352. LIVESTOCK MARKETS (Estim Interior lowa-So. Minn ......... 45, 12 Public Markets (Salable) .. HOG RECEIPTS This Wk. -Corr. Yr. Ago to Date Last wk. 5»,000 236,000 205,000 •Wednesdays receipts, ) Wk. Aao 4,00 34,000 27,400 22,100 Period- Last ?r. 312,000 35,300 "130,600 TlO',100 189,400 SHEEP RECEIPTS Thursday This Wk. — Corr. (estimate) Wk. Ago Yr Aoo to yate Last wk. Interior lowa-So. Minn 1,000 800 1,400 4,200 3,900 12 Public Market (Sa able) ....3,000 2,400 2,100 16,300 15,700 "Wednesday's receipts, 1,300. Period — , Last vr. 15,9i HOG QUOTATIONS Int. la. So. M.nn. — Terminal Markets— Sioux City Omaha E. St. Louli 20fl.226"lbs. $57.50-51 220-24U |bl 57.50-51 "0-270 -270 220-24, 240-270 Ibs.' N«. Its. Ibs. i.'& ,1 A3 j'»"«' V-i"" "M"" 57.25-58.25 5-58.25 5-58.00 . 57.25-58. . 56.25- $59.50-60.00 59.00-60.00 59.00-59.50 59.00-59.50 58.75-59.50 J59.50-59.75 59.50-59.75 59.00-59.50 59.25-59.50 58.75-59.75 lit ' W.M-SI.M 57.25-58.50 s».oo-«o.oo 57.00-58.50 58.50-59.25 59.25-59.75 59.25-59.75 Its, ..7. 56.25-58.00 -«A"H«» 5(MW 57.25-60.00 58.SO-59.75 ,0.25-60.50 0.25-60.50 59.50-60.00 58.50-60.25 59.50-60.00 60.00-60.2S 60.00-60.25 58.50-59.50 58.50-60.25 .. 53.00-54.00 52.50-53.00 52:0-53.50 52.50.-53.0Q.. . 53.00-5. -54.00 330-400 IK: :..::.:.:;::::: 49.50-51. o 4 s^^-^^^&^^:^^^^^'^^ by 8 malar shipping organizations. ••Prices on §n§*p 4M lambs In the •«J" lp8n V ln9 / e .^m«? n i? oi^tinS in the order buyers. Choiceffoo-V.lOO Ibs Choice, 1100-1300 IbS CATTLE QUOTATIONS SLAUGHTER CATTLE * CALVES int ta So. Minn. Sioux Cltv Omaha E. SI. Louis 148.00-51.50 49.50-52.50 39.00-47.50 40.00-48.50 $45 -'°-» WHOLESALE MEAT Converts foliage to animal feed ORONO, MAINE (AP) Unused forest products can be converted into a nutritious supplement for animal feeds, says a University of Maine forestry expert who is testing a substance known as muka. Dr. Harold Young said Thursday that the Soviet Union has been producing muka for 20 years, and the process represents a potential multi-million- dollar industry for Maine. Young explained that muka is made from forest foliage, especially the wasted needles of harvested coniferous trees. By means of a few simple processing techniques, it is made into a vitamin-rich feed supplement. Young said he learned about muka during a recent trip to the Soviet Union. IOWA CATTLE DES MOINES, THURSDAY, (FED STATE) — la.-So. Minn. Direct Cattle trading Thursday slow; demand fair o good; seller interest reported as fairly 8 °LlW SALES — compared to Wednesday's close: slaughter steers $1.00 higher; heifers 50c higher. Slaughter steers: high good to choice 1,050-1,225 Ibs $48.00-50.00; couple loads $50 50 S'laiiqhter heifers: high 'good to choice 850-1 ,000 Ibs $45.00-47.00. Most cattle delivered to packing plants with weighing conditions equivalent to 3 pet shrink at feedlots. CARCASS BASIS Wednesday's close: steers heifers steady to $1.00. compared to $1.00 higher; lelters steady 10 51.00. Steers weiqht only: mostly choice 600800 Ibs $77.00-79.00; tew 500-600 Ibs $75.00- He'ifers welqht only: mostly choice 500700 Ibs $75.00-76.00. Steers qrade and weight: choice 600-800 Ibs $78.50-81.00; 500-iOO Ibs $76.00-77.50; heifers choice 500-700 Ibs $76.00-77.50. IOWA AUCTION DES MOINES, THURSDAY (FED- STATE) — Auction at Kalona. FEEDER PIGS 5,770; feeder Pigs under 60 Ibs mostly $2.50-3.50 per hd higher, extremes $6.50 higher; over 60 Ibs mostly $1.00 higher; slaughter sows steady to $1.00 lower; slaughter boars steady to 25c higher; large attendance; good demand. Per head basis; US 1-3 25-30 Ibs $33.5037.50; 30-40 Ibs $36.00-46.50; US 1 and 2 3233 Ibs $50.00-51.00; US 1 and 2 36-37 Ibs $59.50-60.00; US 1-3 40-50 Ibs $48.00-55.50; US 1 and 2 43-48 Ibs $59.50-63.50; 50-60 Ibs $53.00-59.00; US 1 and 2 51-57 Ibs $62.0064.50; 60-70 Ibs $55.50-61.00; US 1 and 2 61 Ibs $66.00; 70-80 Ibs $62.50-64.50; US 1 and 2 85 Ibs $76 50; 90-100 Ibs $74.50-76.00; 120-135 Ibs $79.50-85.00. PRODUCE MARKET IOWA PRODUCE Following is Thursday's report on Iowa ego and poultry markets as reported bv Fed-State Market News: EOGS — Mostly prices unchanged; undertone generally steady; traders becoming more cautious at current values; demand oood for larger sizes; moderate for mediums; light on smalls; supplies moderate to I'aht. Cents per dozen at farms, cases ex- changsd. oualitv and volume incentive: Grade A large 47-SOc, mostly 49-50c; A medium 36-41c, mostly 39-41c; other farm '; S A A JS 13 wlsW6R7«T 2 R C AL .LIVE HENS, light type — Prices unchanged on hgh trading; demand good; supplies about adequate to adeguate; some bookings noted at open prices; undertone steady. , . Cents per Ib at farm — commercial flocks 5'/!-6V]C, mostly 6-6'/<c. CHICAGO PRODUCE CHICAGO, THURSDAY (FED-STATE) — EGGS — Prices to retailers; sales to volume buyers, consumer grades, white eggs In cartons, delivered warehouse: A, extra large. 64'/ 2 -66V2C; A, large, 63-65C; A medium, 55-56''jc PRODUCE FUTURES CHICAGO (AP) — Futures trading on the Chicago Mercantile Exchange Thursday Open High Low Close Prev Oct Dec Feb Apr Jun Aug LIVE BEEF CATTLE (40,000 Ibs) 46.35 46.60 45.32 45.85 46 47 45.85 46.15 47.60 45100 45.90 44.80 45.05 44.00 44.20 44.B5 44.70 44.87 44.25 44.25 44.80 45.30 45.85 45.10 45.30 45.50 45.20 45.90 44.85 a45.)0 45.25 fttt 45.05 METALS NEW YORK, THURSDAY (AP) - Spot nonterrous metal prices: copper 63^e-65c Ib., U.S. destinations; lead 20c Ib.; zinc 38V2-39C Ib., delivered; tin $3.261] Ib., New York; gold 1162.15 per troy oz., New York; silver $4.710 per troy 02., New York; quicksilver $140.Oo nominal per flask. New York. Pittsburgh scrap steel No. 1 heavy quoted by Iron Age S72.00-73.00. COPPER NEW YORK, THURSDAY (AP) — Cop- ocr futures on the New York Comniodilv Exchange; previous close in Parentheses: prices in cents per Ib: Sen 60.00 (60.10); rirt 60.<n Ki.80): Dec 6r00 Wo); Jan 62.60 (62.90); Mar 63.80 (64.20): May 65.00 (65.30); July 66.00 (66.30); Sep 67.00 (67.30). Sales: e5tjrnaJed.UQ!L Sales: Oct 4590; Dec 4336; Feb 1603; April 462; June 267; Aug 93. Open interest: Aug fl; Oct 11811; Dec 10323; Feb 8030; April 1991; June 1647; Aun 30. FEEDER CATTLE (41,000 Ibs) Sec 35.00 35.00 34.30 a34.30 b34.75 Oct 34.50 34.52 33.50 b33.60 a34.45 Nov 34.75 34.75 33.80 033.95 b34.70 Mar 35.50 35.65 35.25 a35.25 35.70 May a35.75 35.85 Sauis: Sep 8; Oct 74; Nov 36; March 4; Mdy 0 Open Interest: Aug 2; Sep 79; Oct 924; Nov 320; March 111; May 12. LIVE HOGS (30,000 Ibs.. Feb 54.40 54.45 53.47 54.00 bS4.45 Aur 51.20 51.25 50.40 50.70 51.la Jun 51.15 51.20 50.70 50.90 b5U7 Jul 51.15 51.20 50.55 b50.90 b51.25 Aug 48.90 49.10 48.SO 48.50 • 49.25 Sales: Oct 1620; Dec 2531; Feb 1015; April 240; June 111; July 42; Aug 12. Open interest: Aug 2; Oct 4693; Dec 7575; Feb 4790; April 1478; June 1111; July 569; Aua 68. IDAHO POTATOES 180,MO Ibs) Nov bB.15 nB.10 May 13.15 13.65 13.15 b!3.65 12.15 Sales: Nov 0; May 8. Open interest: Nov 2; May 140. SHELL EGGS (22,500 doz) SOP 55.00 55.10 53.60 53.70 54.90 Oct 55.90 55.95 54.40 54.85 55.65 Nov 60.00 60.10 58.35 58.60 S59.8i Dec 63.50 63.50 61.70 61.75 63.60 Jan 60.25 60.50 59.20 59.50 60.85 Feb 56.50 56.50 56.50 56.50 56.50 Mar 56.00 56.00 56.00 56.00 56.00 Sales: Sep 454; Oct 56; Nov 131; Dec 360; Jan 23: Feb 2; March 4. Open interest: Aug 2; Sep 1153: Oct 335: Nov 513; Dec 1404; Jan 346; Feb 42; March 8. PORK BELLIES (36,000 Ibs) Feb Mar I May 1 Jul HIDES NEW YORK, THURSDAY (AP) — Spot liglil native cowhides n-22'... N-Nominal.' POTATO FUTURES NEW YORK, THURSDAY (AP) — Po lalo futures on the New York Mercantile Exchange; previous close in parentheses (Maine) Nov 8.50 (7.98); Mar 12.17 (11.67); Apr 13.56 (13.06); May 15.28 Sales: -^14. _8.10 88.10 86.32 86.55 86.90 85.05 85.87 06.10 84.37 85.25 85.25 83.45 J125 8125 SI.47. 86.32 b87.R2 85.25 b86.55 84.37 b85.87 83.75 084.85 81.65 b82.70 &les: Feb 4025; March 552; May 416; July 195; Auq 14. Open interest: Feb 6680; March 2066; May 2608; July 1492; Aua 105. b—Bid; a—Asked; n—Nominal. N.Y. stock sales Final total ... Previous day Week ago — Month ago ... Year ago .... 14,530,000 11,107,220 16.606.990 14.540,890 13,691.900 COFFEE MEW YORK, THURSDAY (AP) - C^l- fee futures mostly lower in quiet tradina on the New York Coffee and Suqar Ex- I change; in cash green coffee market only fill in business took place, brokers said; crevious close in parentheses; prices in cents ner Ib; Sep 83.25 (83.45); Nov 85.00 (nB5.20); Dec 85.25 (85.00); Mar 84.50 (84.70). Sales: 10J. Parana spot n-93':. n-nominal. No impact on jobs LOS ANGELES, CALIF. (AP) — There will be no immediate impact on employment if a Swiss air force contract for 72 F5 fighters is awarded to Northrop Corp. even though 90 per cent of the work would be done in Southern California, a company spokesman says. CLC TEAKS dD BOTTLE ii'IH ii K\(:(K CJ ffflli

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