The Des Moines Register from Des Moines, Iowa on May 9, 1970 · Page 15
Get access to this page with a Free Trial
Click to view larger version
May 9, 1970

A Publisher Extra Newspaper

The Des Moines Register from Des Moines, Iowa · Page 15

Publication:
Location:
Des Moines, Iowa
Issue Date:
Saturday, May 9, 1970
Page:
Page 15
Cancel
Start Free Trial

Page 15 article text (OCR)

HOGS EASIER, STEERS GAIN CHICAGO, F'RIDAY receipts at principal Chicago Kansas city Omaha past St. Loui« ^Jc«»h •CHICAGO, ILL. (AP) - The hog,market was steady to So cents lower Friday with most of the decline on butchers over 240 pounds. U.S. No. 1 to 3 200 to 240 pound butchers sold at $25.75 tb THE BUSINESS TIDJE Average Municipal Bond Ytetrf at a Record Peak .•••;' Leased Wife to The Register . The Dow Jones municipal bond yield jndex'cli.mfedCthis week to a record high of 6.88 per cent vs. 6.82 per cent a week earlier, indicating that tax-exempt bond prices are at new lows. The previous high for thejtH- —_.—_—-_—.— -—- dex, set iri the week ended last related cash sale to the general &ctf 7ec ( eVp s t? A fe J? ec - 19 - was '6.86 per cent. As public of »$3.6 billion of 18, J,ooo hoes and noTrecently as the week ended last month notes will provide the Mar. 13 the index was down to Treasury with some $2 billion 5.97 per cent. in cash on May 15. Thus,-in the latest week, a Of the notes held by _the pub- prime-grade 20-year $1,000 mu- 1 ic, the Treasury saiii nicipal bon'd declined on an av- $2,145,000,000 were exchanged erage of about $7.50 and this for a 7% per cent note dated week's value is $113.75 .below Oct. 1, 1969, and due May'X the .average value seven weeks 1973, which is discounted to Press We] 35 eommo- Prevlous Month Ago Klah ........192:40 ..... Low 185.59 166.2. (1926 average equals 100) $26.50 and up to $27 for Is and 2s. Sows under 400 pounds sold at $20.25 to $20r75 with prices 25 cents lower. Steers were 25 to 50 cents .higher and heifers strong to 25 cents higher. Choice slaughter steers sold at $30 to $31.25 and up to $32 for prime. Choice heifers sold at $29.75 to 30.50. Prices, and receipts are listed in the tables in this section. ago. "-—-'-'Bond-prices -dropped sharply on .Monday and Tuesday (of this week), hut the yield about 7.98 per cent, and th a t-$i T 198,000,000 changed for 8 per cent notes dated Feb. 15, 1970, and due Des Moines Register S*., M*y$, 1970 expect a decline" in the 8 pjef cent bank prime rate — that they are "more iHCliHea to think it probably will go up." • A panel of private consultants "to the council expressed concern "that the" current economic slowdown" tas seen no concurrent slowdown in inflation.' Produce Market Iowa Produce •Followlng"ls-Friday's "report on-Iowa eqg and poultry markets as reported by Fed-StateTAarket News: EGOS — Prices unchanged; buyer sentiment steady; price per dozen paid producers at farms/ cases exchanged 24 hours ended -11 a.m. today; eggs under buyer quality and volume Incentive A large JO-26C, moi" medium 11-jOc, mostly 12-1 T _. large or better 17-24C, mostly medium 10-iec, mostly 12-16c. " I8c, most y 12-16cj C dlrltles a 14c, mostly 10-l?c; smalls and peewtes idium 10-18C. mostly 12-16 :, mostly \2-16c; C dlrltles :, mostly 10-l2c; smalls a L'lWtafcv - Me, osllv l2-l8ct other A KS. 1 ! offerings and tra Prices unchang light; price paid ed, ducers at farms, 24 hours ended 11 a. today; c per Ib. paid for No. 1 quality light-type hens — truck lots or more 7-9c; mostly BVj-9c) rnostlv 4-6c. less than truck Tot 3-6c, Chicago Produce CHICAGO, FRIDAY (AP)-BUTTER- Sleady; wholesale buying prices unchanged; 93 score AA 69Vsc; 92 A 69Vac; 90 B 67'/4C. , EGOS — Steady; wholesale buying prices unchanged; 80 per cent or better grade A whites 31 c; mediums 25CI standards 29c; checks 18c. -BUTTER — Offerings ample; demand sootty; wholesale prices on bulk cartons tresh; creamery, 93 score AA 70%c; 92 CHEESE — Offerings adequate; demand slow to fair; wholesale sales. American cheese, whole-milk; single daisies fresh 6!'/i.63Vj6 flats. aqed 48'/> 76c; Processed American pasteurized i Ibs 53'.'?-60^c; domestic Swiss blocks Grade A unquoted; Grade B unquoted. POTATOES — arrivals 30 cars; on IracK 111; total U.S. shipments 455: old — supplies moderate on russets, demand slow; market sliahtlv weaken round reds offerings very lloht. In sufficient to quote; carloi fra' ' ' "" .$5.50-5.75; ..jck sales: new—supplies Hunt; demand for round reds moderate, larkef slightly weaker; demand for lono iltes slow, market dull; carlot track les: Texas round reds $6.15, 50 Ib sacks ma wh sal S3.25-3.50. Produce Futures CHICAGO (FR trading on the change; 3AY) (AP) -— Futures .hlcaoo Mercantile Ex- Prev Close Jun Aug Ocf Dec Feb Apr S U a n ies: June 814; Aug 1269; _ 59; Fell 2; April 0.; jun^'TJj 0. Jun Jul 342;tfec 27.41 27. . 27.11 s.6: {7.25 37.1 Auo 25.85 25.71 Oct 23.00 22.90 Dec 22.60 22.60 22.60 22.62 Sales; June 30; July 34; Auq 29; Oct 24; - 6C ' SHELL EGGS 12.95 32.05 32.80 32.60 32.00 35.50 34.25 35.85 35.35- 34.90 33.90 32.60 33.75 33.50 35.50 34.15 3 3 5 5 :fS 34.80 May Jun Jul Aug Sep Oct Nov Dec Jan Tales: Mav 815; June 273; July 0; 0; Sep 315: Oct 39; Nov 1; Dec 26; ' FROZEN WHOLE EGGS Oct 24,50 Sales: May 2354. -ROZEN May 44.92 Jul 44.70 44.20 44.21 Ana 42.10 41.70 41.70 Fiib 36.10 35.87 35.95 M«r 36.05 35.87 35.95 " Sales: May 1363; July 2314; Aug Feb 87; March 4. 32.10 FRbZ"EN"PORK BELLIES 44,55 44.62 . 24.75 44.45 44.45 41.15 1 Open'InfereYt:"Mav 3152; July 9432; Aug i860; Feb 645; March 151. U.S. BONDS, 'NEW YOR K (AP)—"Closing overjhe U.S. Government Treasury bonds, rr.i§° n 99.6 99.10 96:4 96.12 95.16 95.24 94.16 , 94.4 counter — bid, asked, net Friday, 4s 70 Aug .. ^V 1 ?..:: 4 3 s'.72 7 F.b-.:-. J'js 72-67 Jun 4s 72 Aug ... 2V:s 72-67 Sep 2V 2 s 72-67 Dec 4s 73 4Vis 73 J'/is 74 4''4S 74 3ftS 74 3'/4S 83-78 3'is 85 .. 4'is-85-75 4'is 92-87' ..:.... 68.16 69.16 +.126.97 3s 93-88 67.4 68.4 • .8 4.77 4'IS 94-89 ....... 66.24 67.24 --.12689 3s 95 64.12 'Prices quoted'in dollars "and 32ndV Subject to Federal taxes ' declines were hatted on Wednesday, after the Federal Reserve Board announced its relaxation of securities credit requirements," one bond expert said. Of the $162 million planned for sale this week, $70 million didn't receive any bids, including two major offerings consisting of $30, million Long Beach, Calif., Harbor Revenue bonds, and $21,440,000 Pennsylvania State Public School Building Authority School Lease Revenue bonds. About $4.8 million in bonds are unsold from a $22.5 million issue of Kansas City, Kan., Water and Electric Revenue bonds, the week's largest offering, while about $5 million remains from Fulton County, Georgia's $21 million School District bonds. Refinancing The U.S. Treasury reported $3,343,000,000 of the $4,882,000,000 of notes maturing May _15 that are held by the public have been exchanged for two new securities it offered in the latest refunding. It said these exchanges, in combination with results of, a Feb. 15, 1977. • Home Loan Plan The Federal Home Loan Banks will offer two bond issues totaling $700 million next Wednesday, according to Alan C. Knowles, fiscal agent of the institutions. The offering will consist of $500. million of one-year bonds due May 25, 1971, and $200 million of two-year bonds due May 25, 1972. They will be priced Tuesday. Proceeds will be 'applied to retirement of $300 million of 5.80 per cent bonds and $500 million of 8 per cent notes coming due May 25. The interest rate at which savings and loan associations may Borrow advances from the Federal Home Loan Bank system was reduced last month to a minimum of 7 J /4 per cent vs. 7% per cent previously, but the 7'/4 per cent advances must be kept for a full year. Prime Rate? Birney Mason, jr., chairman of Union, Carbide Corp., attending the Business Council meeting in Hot Springs, Va., said financial' sources see no reason 1 • American Stocks NEW Y OR K ( AP) — Follow in 9 Is An fibbrcvlflicd list of stocks trddcd FridflV on the Amor icon Stock ExchdnQfl with &AICS, closInQ prlcss And net chsnoGs* AMEX SALES Total stock sales 2,050,000 Sales year ago 6,760,835 Aberdn Mfg 1 714 .... Aberdn Pet 14 4Vi — Vt Aero Flow ' 1 71/7— VB Aeronca Inc 6 10V« — Vt Aerovox Cp 2 7Vt — Vt Alleen Inc 20 26V«+ Vj Airlift Intl 98 2</4+ Vt Alax Magne 6 21Vi+lVi Alan Wood 3 23Vi— Vt Alaska Alrl 10 i'/§4- Vt AUeg Alrl 51 11%+ '/• AlegAIrl wt 7 ttti-f Vi Al en El Eq 7 121/1- Vt Allied Art 1 4%+ Vt Allied Cont 7 10 .... Alloys Unltd 10 15Vi+ Vi Altemll Cp 6 5Mi+ i.* Amco Indus 5 4'/4— Va Am -Blllrt 5 9V»— >.t AmFlnan A 13 I4?i+ "4 AmMed Ent 25 1614- \'t Am Petrof 15 27'/s- Vt Am Saf Eq 6 SVt— "a AMK wl 200 4'/4+ >/i : Amrep Corp 76 21 1/4 J-l Ang Laut A l'8 1W— 1.4 Ansul Co 1 'il t" ',4 AO Indust M 2 •'.+ Vi Appled Dat < s-'.i ... Applied Dev '2 ' - Vt Ark LaGas. ?4 26Vi .... Asamera Oil '5 n'/j- Vi Assd Baby 18 16-%+ Ai Assd Fd St l 41.4 . .. Astrodata 42 lO'/i— Vt Atco Chex 22 ''*•— »a Atlas C Min -f -25 H- Vj AtiasCp wt 45 "/? . .. AutoData P 6° If.-i— va Avco Cp wt 21 3-4 .... Avlen H (i/j .. . §ACM Inds 11 I7S- !,a aker Ind < 1 >14- 1/4 Banff Oil 51 8 + V4 Banner Ind IS 4'4+ '.% Barnes Eng • 21 »1« - '-• Bartell Med *S ' — 4% Baruch Post 11 »« ... Beck Ind i°3 8V?—- '*i Bel) Electrn 29 e''.— K Benrus 1 i r ^'t *- i^ Beth Corp ' 4'.^ Big Apple ?5 *>2 '.'.'.'. Bishop ilnd 10 Vt .... fohack Cp 3 14*+ Vi Botany Ind il ('•'!•• Vt Bran Air wt . 3 ;"«— 14 BranAlrw A > 8- a — Brascan Ltd *5 l.v-SJ- H Breeze CP » Wt+ Vt BTB Corp J37 J — V, Buehler Cp 1 4'/.+ V. Buttes Gas 53 11 — H Calcomp 1J1 !:,'.«— V4 Campb Chib '• HVi— Vi ! Cdn Ex GO 7 3v4— Vt , C<Jn Homsld 51, £?.+Ma r Cdn Javelin }t l2'/ 4 , .. Cdn AA»rc ' V£ •leclronic 7 is'/i+ ifc i ectrosp 44 16V— 3/4 :l Tronic* 49 8Vi+ H imery Ind 4 131/2— Vi Equity Corp 51 3Vj+ VB :qulty Fnd 538 211/4—0/4 ro Indust' 2 6 3 '«+ Vi ro Indust 2 6',i+ Vt [sgro Inc 3 13V4— Vi :spey Mfo 8 5W— Vi jsq Rad El 13 10'/«- Vt :ssex Ch 4 31/7 .... :ts Hokln 7 2'/ 8 — y. : alrlfd Nob 13 4H .... •alcon Sbd 7 6Vj".T.~ -ed Resrces 91 5Va+ Vt Lelmont Oil 6 9V4+ i/ 4 :jlmways lo 9W+ 1/4 •Inan Genl 28 14V4 .... •Ischer Por 6 16V4+ i/i • eetwd Ent 120 MVt— Vt •la Capital 15 4 + Va :rankj.Mnt 16 22'.'.- ^4 •rankilh Rl 16 9W+1 •ranks Nur 3 12 + % : resnlllo Co 10 171/4— Vi •rontler Air 44 5*1— % Gayld Nat 3 TO+ W n Battery ' 19 12'/i+ Vt »en Cinema 12 24% .... ien Plywd 22 4H+- 14 GF Indust 16 3i«+ v 4 lant Yell 59 BVt— U GlantYell fn 10 7'/ 3 ..T! ' L Indust 10 17^4+ % ilasrock Pd 65 71/4+ Vt Goodway 15 7Vi+ vi ranaer A 33 3H— 1/4 ranfie Mgt 18 IMi— v' Gray Mfg 5 Tit— Vt »t Am Ind 37 2V> .... t Bas Pet 13 3>/g — Vt t L Chem 11 9Va+ Vi irow Chem 14 iVt— V-, »ruen Ind 19 3? a — Vi Gulf Sta Ld 1 3^/4+ Vt S.B Am 213 14H— M, lamlltn Cos l 9^1 — Vi larvard Ind 3 5*i+ '4 lead Ski Co 20 7 — } B ecks Inc A S U .... lelncke 20 6H .... Igbie Mfg . 8 19^+1/4 HtonH wl 7 36 -2 tofm Ind 7 3 .... oly Corp 4 21/4+ Vt olophane i 201/4+ Vi ome Oil A 2B-13V4 .... ormel GA 1 26=.i+ Vt louse Fabr 12 24=/4— l usky Oil 21 9*B -Vt ycon Mfg 4 5H+ V 8 lydmetal 13 7 — 1/4 jygrade Fd 4 2144— \p HC Inc 2 12 •..?. m J? er .P il .">°3 la>i— «• njUanHd. wt 12 tA* .... nf light Pic 11 — 7ij — IA nt Controls 23 6'-4— 14 nt Cont wt 9 2*8— 1/4 nt Stretch 7 7li+ vj o Cdn Oils 56 , 5 J i— 1/4 oreast Alrl 3 4ij+ V* wst Ind wt _2t 5 — V, uclear Am 41 3Vs+ v» uclear Dat 27 22V4— IVj ylronlcs 32 SVt .... KC Corp ' 6 16Vj— Vt Id Town 1 6Vi— Vt Joklep , Z150 lOSVj— 1/4 Jrlglnala 10 fit— Vt verhead D 2 19Vj— H ixford Elec 4 3%+ 1/4 Xford Fst 8 9*fe+ Ve zark Air L 7 4V»— Vt *8jF Indust 6 3 >ac C Prop 17 31/1+ i/» >ac Holding 6 17%— Vi >ac Indust 4 3'/4 .... 'ark Elect 5 11V«+ Vt 'arvln Don 29 17V»— . 3i >alo Gold 49 7Va— Vt 'enn Eng 3 10W ... >EPI Inc 10 32 + Vj 'hil Lg DIs 12 6 3 /4 .... 'hoenlx Stl 30 51/4— "a "Ickwlck In 15 27?»— IVa 'loneer Pla 2 15 .— V. 'loneer Sys 9 8% •.'.. 'Ittway Cp 27 37%+ *» 'ItWVtr sh 5 71/4— va "lume Atwd 10 7V 3 + T 4 'neumoDy 18 9i/i+ 3s 'olychrm 6 81/3 .... 'otter Instr 72 32V4 V\ 'rent Hall 31 40Vj— 1 'rud Rsrcs 11 91/4 .... 'ubco Pet 10 6 7 /a+ Vt 'urlt Fash 13 5Vj— 1/4 >y|e Natl 24 20 + ^ 'yroil Co 16 12 + Va amer Ind 3 4Va+ Ve apid A wt 53 4 — Va ath Pack 4 51/4 .... ealEst Inv 14 191/4— Vk ealty Eq 25 9Va- Vt ealtyEq wt 2 6 .... eeves Ind 31 3Va+ Va leeves Tl 43 4'A .... mceo Ind 2 BVi+ Vi em Arms 15 12*a .;.. eserch Ctl 52 36H— ^i :eserve OG 44 6'-« .... esistoflx 3 5%+ 1.4 esortlntl A 37 7H+ V> esortlntl B '2 B — Vi ooers Corp 8 24Vj+ »a ioflins Intl 49 24'/ 3 — Vt oyal Amer 12 2V4— Va oyal Busn <i .-25 5V§+ Va (usco Indus 24 7H— % afegrd Ind 5 10%- 1.4 iavlnB Mch 49 32 — % iavoy Ind 26 8Va+ V« axon Ind 225 46Va- 4i ayre Fishr 19 4Ve .... icope Indus 1 8V.+ Vi icurry Rain 13 1714 .... ealectro 1 6',i+ Vi eeman Br 17 «j— i, equoyah In 87 3Vt— V eryp Corp 3 3'i ... Accounting Rules The Financial' Executives Institute, which Includes the. ranking financial officers of about 3,000 companies, predicted that a proposed set of stiffer ac,counting rules, would eliminate nearly all poolings of interest — the most popular method of accounting in recent years for corporate mergers. The institute charged, however,- that-the profession's 1 rule-making body, the Accounting Principles Board of the American Institute or' Public Accounting, contradicts ,; itself by endorsing pooling in pfin ciple while attaching restric tions that would eliminate more, than 95 per cent of all poolings The board's proposals have been widely opposed by busi nesses and accounting circles. ABC Midwest Theatres The name of Tri-States Theatre Corp., which was incorporate^ in 1933 and is a subsidiary now of American Broadcasting Companies;- Inc., was changed, effective Apr. 15, to ABC Midwest Theatres, Inc. This was announced by A, Don~Allen,~"Viee-president and general manager of ABC Midwest Theatres, which operates and manages motion picture theatres in Iowa, Nebraska and Illinois. The firm's Des Moines theatres are the Paramount, Efoet* ; Gene & DaubeMiek of -Jefferson was re-elected president of the/ Iowa Telephone Association at the-«lose of the seventy-fifth annual convention here Friday L. . Also fe-elecied were Richard H. Dircks, knOxville, first vice- president; Charles GV Fatris, GENE R. DAUBENDIEK CHARLES 0. FARRIS Grinnell, second vice-president, and William "F. Miller, Des Moines, secretary-treasurer. Elected to the Board of Directors were: Glenn Bergland, Thompson; Howard B. Bockhaus, Des Moines; Robert W. Bunke, Houston, Minn.; C. W. Chastain, Princeton, Mb.; Daubendiek; Dircks; Farris; Donald Gray, Monona; W. Norman Harvey, Eldridge; Jack Hiley, Plaza and the Ingersoll. Gr is wold. Also, Lamar S. Jones, Hinton;- Arthur E. Long, Sloan; H. Filmore Melick, West Liberty; Clifford C. Pearce, Riceville; The purpose of j change, which is the name consistent RICHARD H. DIRCKS WILLIAM f. MILLER Obituaries MftS. LULU MACKftlLL Mrs. Lulu W. Mackfiil, $0, Of t h e Gar den Court Nursing Home, 2501 Twenty-fourth St., died there Friday after a* long illness. Born at Dttnlap, Mrs. Mackrill, a registered nurse, had lived in Des Moines since 1934. She was a graduate of the Broadfawns Polk County Hospital School of Nursing and a member of the American and Iowa Nurses Associations. Services will be at 9:30 a.m. Monday at Dunn's Fiinefal Home, with burial at Dunlap at 2,p.m. " Survivors include two' sisters, Mrs. Esther Smith of Nevada, and Mrs. Gladys Baker of Dunlap, and a brother, Lincoln WalkeT 6f Perry. LORETTA COURTNEY Loretta Courtney, 78, of 1115 Wjolcott St., died at the Amerl cana Nursing Center, 300 Laurel St., of a stroke Thursday after an illness of six months. Miss Courtney, a practical nurse, was a lifelong resident of Des Moines and a graduate of St. Joseph Academy. Services will be at 9:30 a.m. Monday at Christ the King Church, with burial at St. Ambrose Cemetery. A_Msary_wil] be recited at 4 p.m. Sunday at Dunn's Southwest Ninth Funeral Home. Survivors include two sisters, Mildred Courtney and Mrs. Gilbert Minor, and a brother, Jerry Courtney, all of Des Moines. Iowa Warm Under FidrSIiiii U.J. WMWM llftMB * Hi* 44. Saturday ' . Showers and thunderstorms forecast for Iowa (Friday failed to materialize and the state's unseasonably warm and sunny weather continued. No precipitation ^vas reported during the- day in the state and the Weather Bureau said scaU tered showers were possible today hut their likelihood was decreasing.__Mid-afternopn temperatu.re^FridayjrangedJrpm near 80 in the southeast to about 90 in the northwest. Temperatures The following list of cities shows (H) highest temperatures occurring between 6 a.m. and t p.m. Friday, May 8, (L) lowest temperatures occurrlna between 4 p.m. Thursday, and 6 p.m. Friday, and (P) precipitation in Inches occurring between Thursday and 6 p.m. Friday IOWA (H) ing to Cdn SupOii Canav Int Can.ga Ind Carce' Ac arnation astletn Ind entury El entury" Geo entury Ind hmp Horn 39 23*ii •• 12 .<!,»-. 2'4 + Lk Pet ervis Corp etronlc Ind Jupiter Cp "alser Ind Inc ane Miller aneMIII wt rug Cllemb Cop K n Ark Cp ing..Radio Hotel In Mb ' Ind Solitron org Paper td Dredq ,td Metals 8.20 7.22 85 74.12 69.8 65.4 64.28 70.16 64.16 441 9-16 .... - 4- 16 + V. helsea Ind hristiana O inerama 87.30 --.4 85.16 -K4 75.12 +.8 ape echnicol rechnitrol elepromo renna Corp Tenneco wt Tenney, Eng Term Huds Texstar Cp Textron wt ~ ' Mkt Slate Income taxes. TREASURY NOTES and asked prices in dollars ury Notes and thirty seconds lo maturity for May approximate yield 99.30 99.26 99.30 97.8 97.24 98.14 98.11 100.4 100.8 94.16 95.16 ^uny -ynch Coro Aacold Ind Macco Chat il Wano Data Cont Jala Prod Jay.Mlnet Daylln Inc Daylin wt dearborn 3el Labs leltona Cp t 96.28 99.27 95.4 89.8 94.14 87 84.24 6 6Vi— 9 2P/J . 39 6 + Vi 41 4*»— -r 23 _ 107 18 . 18 10H -. 313 10H-1im Kspwt Wt'ffar, LAND BANK BONDS NEW YORK (AP) — Closing Over th* • ' nftrnatlonal Bank Development bondi Fr Counter World In ction FOREIGN EXCHANGE INDEX Ntw YORK (APJ-American Stock Ex- apllars and decimals of American Leaders ) (AP)--Sales, on the Amerl- ices quoted in dol AMERICAN MARKET DIARY with a national policy adopted by Samuel H. Clark, group v i c e-president of American Broadcasting Companies, Inc., is to identify subsidiary-corporations throughout the U.S. with the parent company. Subsidiary corporations of American Broadcasting Companies, Inc., operate and manage more than 400 theatres throughout the nation. Continental Telephone An agreement in principle has been reached for Continental Telephone Corp., St. Louis, _____ to acquire Vidar Corp., Moun-i f-rowTne Renter * r ' 1 Wathinnt/in Allraau tain View, Calif., subject to fi-j nal approval by the boards of the two firms and by stockholders of Vidar. Under the proposal, Continen : tal — which in Iowa owns Iowa Howard N. Sorensen, Elkhorn; Harold Thompson, Clear Lake; William Tiffany, Des Moines; Boyd B. .Turner,. Postville; Ross K. Vernon, Sioux Center;. H. R. Woodburn, jr., Newton, and Kenneth A. Young, Fort Dodge. The two-day convention was attended by some 600 persons from the 170 member companies which serve more than 800 communities with approxi- 1 m a t e 1 y 1,500,000 telephones. \ This accounts for 99.9 per cent I of* all telphones in Iowa. LEE OLSON Lee William Olson, 77, of 720 E.-Euclid ave,, died Friday at his home. Mr. Olson was president of the Olson-Sutherland Motor Co. Services are being arranged | at the Caldwell-Brien-Robbins Funeral Home. $77,000 Water ASK 80°,, BASIC RESEARCH RISE WASHINGTON, D.C. (AP) A presidential task force Friday called for an increase of more than 80 per cent in funds for all basic federal research — j to about $960 million a year. • Assailing what it termed the i apparent impotence of science Jin attacking social problems, Audubon 86 Burlington 82 Cedar Rapids 86 Council Bluffs 88 Decorah 82 Des Moines 83 Dubuque 05 Iowa City 84 Lamoni 80 Mapleton 87 Mason City 86 Ottumwa 80 Sioux City 89 Spencer 83 Waterloo 82 UNITED STATES Albany. N.Y 69 Albuquerque 74 Amarlllo 84 Anchorage 54 Atlanta 83 Bllllnqs 50 Birmingham 88 Bismarck 53 Boise 61 'Boston 71 Brownsville 83 Buffalo _67_ Burlington Vt 55 Casper i '45 Charleston, S.C 81 Charleston W. Va 86 Charlotte, N.C 83 thTcago.. 84 : ncfnnatl 84 Cleveland 83 Columbus. Ohio 73 Dallas 85 Denver 70 H es Moines 83 etrolt 84 Duu ' (L) 61 eg 65 59 61 55 56 59 60 !! 58 (P) I Forecasts j FOR SATURDAY, MAY 9,1970 LOCAL—Variable cloudiness' today and Sunday. Chanca of showers or thunderstorms today. Hishs today upper 70s Lows tonight mid 50s. Highs Sunday IOWA — Partly cloudy today through Sunday. Chance of showers or thunderstorms today with highs upper 70s west to 80s east. Chance of showers east tonight. Lows mid 50s to low 60s. Might Sunday low 70s. OWA EXTENDED FORECAST —. For Monday through Wednesday, chance of rain Monday, becoming partly cloudy by Wednesday. Highs 60s northwest to near 70 southeast. Lows 40s no/thwest to low Ms southeast. ILLINOIS — Partly sunny today with chance of showers and thunderstorms -•-••• ' iinq. Highs toda' 8 es Moines etro' Dulutl El Paso uth 55 Fairbanks... 60 Farao Great Falls 44 48 51 35 54 41 54 46 36 48 70 44 30 42 63 44 47 62 Ct so 64 33 61 56 42 S n 66 55 60 .57 .29 .02 .13 .06 late afternoon and evenlr mid to upper 90s. Parity. ..„„. of showers_tonight with tows north. irjld^to upper 90s. .Partly, cloudy, chance " 57.to " to «5. Partly sunny Sunday wfth" highs' 70s north, 77 to 83 "" MISSOORI - i 83 south. Partly cloudy ttirouah tonight with chance of showers or thunderstorms, eijdino Sunday. Highs lodav in 80s. Lows tonight 55 to 65. NEBRASKA, (east, central) - Partlv cloudy today with chance of showers east in forenoon. Hlqhs today low 60s to 80. Fair tonight and Sunday. Lows upper 30s norlh to mid 50s south. Highs Sun- Mostly cloudy. ._ jrouen tonight, only n east Sunday. Hfehs today in 60s. Lows in r Sunda 1 day 60 lo mid 70s. """ SOUTH DAKOTA — chance of rain through 'tonight, onTy'l'ri east Sunday. Highs toda- •-'--•- - • 40s. Cooler Sunday. MINNESOTA - Partly e. Rain contlnuinq th . today . 50s north lo chance of i r arfsdayr Sunday. Highs tonight "upPer'Mvto'lov/Msf Highs Suf?day 50s to near 70. __ WISCONSIN — Mostly cloudy today with showers and thunderstorms likely. Highs 55 to 65 north. 80s south. Showers tonight with lows 45 to 55. Cloudy Sunday with showers north and hfqhs 45 to 55 north, in 70s south. DES MOINES WEATHER DATA .1! ~ Washington Bureau Telephone Co., Fowler .Telephone Co., Twin Cedars and Hawkeye Telephone Companies, all headquartered at Knoxville — will pay about $20 million of its stock for outstanding Vidar shares. Vidar, through its Vicom Division, is a leading manufacturer of pulse r code modulation "T", carrier systems for the independent' telephone industry. It also produces a broad line of digital data acquisition and instrumentation systems, and equipment used in industrial process control "and aerospace applications. Continental, the third largest independent telephone company in the U.S., serves more than -1,5—million—telephones—in— 42 states, Canada and the Caribbean. Acquisition The acquisition of Mid-States Enterprises, Inc., Carroll, by ^Western .Holding Corp., .Des Moines, which owns insurance, finance.and industrial interests, will become effective, accord^ Loan to Conroy the task force suggested allocating about one-tenth of one per cent of the gross national product for basic research an- WASHINGTON, D.C. — The Farmers Home Administration has approved a $77,000 loan for construction of a rural community water system in Conroy, la Representative Fred Schwengel (Rep., la.) announced Friday. Wholesale Meat , DES MOINES, FRIDAY — FED-STATE Midwest carlot trade, steer ana heifer beef. 50c higher; pork loins steady to 50c higher; picnics steady to si. 00 higher; . skinned hams steady; sdls bellies 10-12 Ibs .00 higher. Steer beef — choice 600-700 Ibs $46.5047.00; 700-800 Ibs $46.00-46.50; 800-900 Ibs (45.00-45.50; heifer beef — choice 500-700 Ibs $46.50; choice steer and heifer forequarters 130-210 Ibs $37.00. 'Fresh pork cuts — loins 14-17 Ibs $48.2548.50; 17-20 Ibs $40.50; 20 Ibs and up $35.50; picnics 4-6 Ibs '$32.25; 6-8 Ibs $30.0031.00; 8 Ibs up $31,00-31.50; spareribs 3-5 Ibs $50.50; skinned hams 14-17 Ibs $42.0043.50; 17-20 Ibs $39.75-40.25; 20-26 Ibs $35.50-36.00; bellies, sdls 10-12 Ibs (43.00; 14-16 Ibs $41.50; 16-18 Ibs $38.75-39.00. CHICAGO .(FRIDAY) .(USDA)-Carlot meat—trade active; steer beef steady SOc- ?LMsney. heifer beef 50c hiflher; cow steady; pork loins 8-14 Ibs. steady to B.pr' ..._ j SOc h beef-choice 500-700 Ibs. $47-$47.50; SOc higher; Boston butts 4-8 hams and bellies ste Picnics 600-7 e oo r IbsT higher. f utts 4-8 Ibs. steady; ady to 50c higher; I'bs".' J46.5(M47; 800-900 Ibs. $45.50-(46; good 500400 Ibs. S45.50; hiefer beef-choice 500-700 Ibs. $47; good 500-700 Ibs. $44.50; primal cuts—choice steer hindquarters 145-190 Ibs. $57; choice heifer hindquarters 120-170 Ibs. (56.50; choice steer and heifer fore- quart er s ,130-210 Ibs. $37JO; cow beef-utility (brkng) $40.50; utility (boning) $46.50. Fresh pork cuts—loins 8-14 Ibs. $54.50; 4-17 Ibs, $48.50-$49; Picnics 6-8 Ibs. $31; 82 Ibs. $32; Boston butts 4-8 Ibs. $38; sp» r Srlbs3dnS6).50;.skinned hams 14-17 of the two firms. To become effective it was necessary for 80 per cent of outstanding shares ' of Mid- States to be tendered. J. D. Kent, jr., president of Western Holding, and Dr. Richard W. Collison, president of Mid-States, said about 85 per fr $ cen t °f the shares had been tendered, and that more than fil'vi *° P er cen ' was expected by 22, the expiration date. The offer, which had been due to expire May 8, had been extended by Western Holding. Kent said „ plans are to distribute Western Holding shares the week of May 25-29 for Mid- States shares tendered. The firm is paying three shares of its stock for each share of Mid- States. Western Holding, which has 168,000 stockholders — more 100,000 in Iowa — owns Q5in1neTltal~ Western Insurance Co.; Continental Western Life Insurance Co.; and First National Bank, West Des Moinec; 26 Ibs. and up bs ^ — $47;' 6J.50; Ibs. $ . - bs. $42.50; 17-20 Ibs. $41; 20-26 Ibs, $36.50: . - , . 36.50; bellies, sdls 10-12 sd s 14-16 Ibs. Iowa Cattle DES MOINES, FRIDAY - Fed-State _ Iowa-Southern Minnesota Direct Cattle — Slaughter steers and heifers strong to- 25c higher, trade fairly active; and demand good; Thursday sales reported on 17,100 steers and heifers; most cattle dellverec o the packing plants with weighing conditions equivalent to 3 percent shrink at the feedlols. SLAUGHTER STEERS — choice 1,075225 Ibs. $29.25-29.75, 135 loads choice 1,- prlme 1,100-1,150 fesf W $3<>.25? heifers' — choice 925-1,000 Ibs. $28.50-29.50. CARCASS BASfS — weight only steers, mostly" choice 500-700 Ibs. $46.50 mostly $47.00 few $47.50; 700-800 I $46.00-47.00; 800-900 Ib*. $45.50^6.00; hei fers, choice 50>7« Ibs. $46.0W7.00; grade and weight,— steers; chpice 500.700 Ibs. $47.00-47.50,' few $48.00, eastern; 700-800 Ibs,. $46,5JH7.00, few $47.50, 800-900 Ibs. 500-800 Ibs. $44.50-45.50. • choice 500-700 Ibs. $44.00-45-00; dressed $46.00-46.50, aood 500-J few (46.00, heifers — $46.50-47.00 late, good L.— , prices based on hot weights. Cheese .56 nually. Annual Rise On the basis of first quarter figures, this would mean about $960 million in the current year, and the amount would go up each year as the value of the nation's goods and services increases. The task force,-headed by Dr. Reuben F. Mettler, president of TRW Inc., said there is a mismatch between problems of society and the apparatus available to attack them. "The apparent impotence of science in avoiding and solving these social problems leads many to say that 'science is no longer relevant, " Mettler 'said. Highest Urgency "Particularly, science seems less than relevant to the unemployed, the hungry, the blacks, and the young." So, it said, it is a matter of highest urgency to bring full weight and power of science and technology to bear on social, urban and environmental problems — but "without detracting from the support urgently required ... by our national .security prpgrams." ' The report advocated participation by private institutions, business particularly, in applying scientific and technological know-how to social, urban and environmental problems. Des Moines Deaths OLSON — Lee William, 77, of 720 E Euclid ave., died at the home Friday. BARBErtlO - Mrs: Ernma, 76, of M7:S-.E. H elena. onolulu,.... Houston Indianapolis... 83 Jackson, Miss 87 Jacksonville 90 Juneau 43 39 Kansas City 79 69 Las Vegas 85 54 Little Rock 81 " Los Angeles 69 Louisville 83 Memphis 86 Miami Beach 78 Midland, Tex 90 Milwaukee 82 Minneapolis 86 New Orleans 85 New York 72 North Platte 76 Oklahoma Clly 78 Omaha 87 Philadelphia 78 Phoenix 88 Pittsburgh 81 Portland, Maine 66 Portland, Ore 62 Raleigh 83 Rapid CMV 48 Reno 67 Richmond 87 St. Louis.... >...... 86 St, Petersburg 86 Salt Lake City 66 San Antonio 87 San Diego 67 San Francisco 59 Sault Salnte Marie 67 Seattle 56_ Shreveport.r.v.'..."..".... 83 Spokane 53 Tucson 80 Washington 85 Wichita 80 CANADA Calgary 59 Edmonton 65 Montreal 56 Ottawa.. 58 Regina 64 Toronto 60 Vancouver 57 WORLD Berlin (7 p.m.) ..T 77 Casablanca (6 p.m.) 64 43 43 44 61 66 38 68 52 51 1 36 51 46 61 36 40 36 42 40 42 48 1 a.m. 63 2 a.m 66 3 a.m 64 4 a.m 63 5 a.m 62 6 a.m. 61 7 a.m <2 8 a.m ,.65 3 p.m. 4 p.m P.m ...II -B 5 p.m" ..'.'..'.'...'.T> 6 p.m. - 79 7 p.m 76 8 p.m 74 9 p.m 71 10 p.m 69 11 p m 68 12 mid 68 1 a.m i..67 2 a.m 66 ui u TEMPERATURE ACCUMULATION Highest at 4 p.m 83 Lowest at 6 a.m ...."..Ill Mean ...: 77 Normal ja Excess for day ; - i3' Excess since first of month 12 Deficiency slncel first,qf.year S3 For FrWav 10 a.m '..72 .U a.m 7S 12 noon 77 1 p.m. ......78 ITATION Jan. r.™'... :.:•::::::::.«:«• Normal since Jan. 1 to- dale ...... 7.86 ie -.11 Deficiency since Jan. 1 MISCELLANEOUS Barometer In Inches .* '29.68' . . 1 .62 Ind Direction ..s E. S ^Velocity ......12 18 Weather... Clear Clear Sunrise today 6:02 a.m. SunseT8:21 p.m: Hlflh temperature In Des Moines 63 Low temperature In Des Moines 45 —There ..was_a._tra.ce_of_ precipitation. This Moon schedule of moon's 'rising and selllnajs provided by Prof. Philip and . V Geneva (7 P.m.), 48 London (6 p.m.) 56 Madrid (7 p.m.) 52 Moscow (» p.m.) 50 Paris (7p.m.) 63 Rome <7.P.m.) P.m.i . (7 p.m.) — ml! (M — missing, T — trace) ,.72 THE DAY'S RECORD ew moon. May 5; first quarter moon May 13. Moon rises 1:43 a.m. Moon sets 12:53 a.m. Planets Mercury: W, dusk; fairly bright. Venus: w. dusk; rather "dim, reddish. Mars: sw, dustc, rather dim, reddish. Ju pttr: E, dusk, ouite brtoht. Siturn: w, dusk; rather dim. . , .. Klrkwood ave., died Friday at Mercv Hosoltal. McMAHON'— PhllllP, «7, of 1237 Twenty-j second si., died Friday at Mercy Hospi-' tal. Des Moines Births RAHN -Mr. and Mrs. Larry, Ington ave., a daughter, Frid Methodist Hospital. ay at Iowa CHACE ' a "daughter/ Frlc Hospital. Mrs. Gary, Of riday at Iowa Methodis IURCH - Chautauq Mr. and Mrs. Stephen A., 2017 luqua parkway, a son, Friday at Mercv Hospital. WILKINSON -Mr. and Mrs Ankeny, a son, tal. FORTUNE — Mr. and Mrs. D. Ray, of Ankeny, a-son, Friday at Mercy Hospi- Mr. and Mrs. Herbert, of , Friday at Mercy Hospi- tal. HITCHCOCK-Mr. and Mr*. John R., s.w. 611 a daughter, Fdday f — Mr. and MrsT Fred, -2713 ive., a son, Friday »J Des Motnei il Hospital. - Mr. and Mrs. Charles R., 7013 i ave., a daughter, Friday at Des General.Hospital. ~ GREEN BAY, WIS. There were t $ome.. Tradi Cheese were som In light ac Exchange FRIDAY (API ' ing activity at the level .adtust- el . Wi . isconsin inge today. At close of trad- tag, sales were 12 cars state brand barrels ^*. Bids not filled were 5 cars state brand barrels 48'/ic and two cars state brand barrels 48c. , Offers not covered were 1 car state brand pasteurir ' " • equlva ' equivalent pasteurized longhorns, 54 lent Wisconsin C Swiss 57 lent Wisconsin D Swiss 50 car Metals NEW YORK FRIDAY (API — Soot nonferrous metal prices: copper 60-60Uc 9. "l jb.. es: ae Connecticut _yalfcy; lead J6Wc.a -,---., — troy ounc«, new $1.710 per tro/ ounce. New York; oulck •!!..••.-O*£A.*W.—-»—_ «rt —•L .jj. •-- -^ — ^- , , - biivHr'S45o.oo perflask. New Yoric Scrap steel tfo.l heavy »42.00-43.00 a »n basis Pittsburgh. Sugar lowan Guilty in Death of Wife By a Staff Writer DAVENPORT, IA. - Michael D. Ubben, 21, of Davenport was found guilty Friday of second- degree murder in the shooting death of bis estranged wife. Ubben had been charged in connection, with the death of his wife, Sandra, 23, of Rock Island, 111., who was shot while the couple stood on a remote country road in northwest Davenport Jan. 20. f| Ubben testified that his wife was shot by accident when she slipped on the icy road and grabbed at his gunhand, caus- «|s *4 an¥ thirty "seconds. NEW YORK (FRIDAY) (AP) — Domestic sugar future: No. 10 closed 1 point lower; sales 40 contracts; July 8.17c.; Raw sugar spot UOc. World Sugar No. I cl> to I point higher; sal. July ITScj Sept. 3,76c; 3.78c; Jan. 3.65c; Mar. May 3.70c; July 3.71 c. 12 points lower 'If contracts; 3.76c; Nov. Mir. 3.70c; NEW YOt^ (FRIDA *tlv • *•»«• 4 fi^n 11 i»-—-;.• v% *«HrJ t-uiJCP futures were naclive Friday. - dttians wer* »!ow in the «reen "Coffee »pot Sanlos No- 4 ex- ciuS^t^^i^^-^ **rturt* closed aMiel, no sales and has other manufacturing, printing and financial interests. Universal Mfg. The board of Universal, .Mfg, Co., Algona, authorized re- manufacturer of Ford engines and other parts, declared a regular quarterly dividend of 25 cents a share, payable May 20 to stock of record last Tuesday. The firm's stock, traded in- > i > i i i . ) i*t» >• i wn rv \ r n i »v« * i »*>r t ~~ VUKFCI the over-the-counter market, futures closed s point* iow«r jo 20 pofc j i_^ . t ««, ,1 niqher; iales 171 contracts; May 75.0Sc; -Wool NEW YORK (FRIDAY) (AP) - Wool futures wart lower on light liquidation. Woo] tops futures ware oulet. Wool futures closed 1-3 cents lower Dec. 101-te.. Certificated wool spot s»8.5c. wool tops futures closed <iMlet; no sales. Certificated spot wool tops 145.Cc. Copper NEW YORK (FRIDAY) (AP) - i testified that they had been discussing divorce and custody of their two-year-old daughter when the shooting occurred. Formosa Institute President Named TAIPEI, FORMOSA (AP) Dr. Chien Shih-liang, chancellor of Taiwan University and noted chemist, has been named the fifth president of tfrf Academia . , j. • , *,.„ n qer; sa es conracs; av ranged last year from $2$ to: July ?2.o5ci sepi. 7oTaoc° Dec, afoi $5i4.50, and was bid recently at Hide Market . $22, where the yield on the *l| NEtW YOR K (FRIDAY) (API I dividend rate is 4.5 per cent. Kenyon ave.. at Mercy Hospital. LIVESAY — Mr. Lyon ai Genera! BROWN — Mr. and Mrs. Charles R., 7013 Madison ' '' ~ ~ Moines i PONXS — Mr. and Mrs. Channlng, 611 E Thirty-ninth court, a daughter, Frida at Dec Moines General Hospital. Where's the Fire? 8:09—Fleur and Valley drives, out on arfival. 9:43—Forty-fourth street and College 11:01—27 V 23"E. r Walnut St., automobile. 11:15—1244 E. Thirty-seventh Court* rescue unit. . P M 3:54—200 €. First St., electric wiring. 6:10—2721 gaston blvd., rescue unit.. S :17—1200 Thomas B'eck road, lunk, :34—1406 Washington aye., rescue unit. :50—S.E.. Seventh and Raccoon streets. Insurance Agents Elect Alderman Robert N. Alderman, of Iowa City, was elected president of the Independent Jfosurance Agents of Iowa the association's annual convention in Des Moines. Kenneth J. Stultz of Water- oo was elected vice. - president and Richard E. Grassman of ROMRT Des Moines AUDBRMAM was elected treasurer. Elected directors Were Louis S. Nielson of Davenport, Knox L. Campbell of Des Moines, Noel C. Friday of Osceola, William-J.. Ambrisco of Iowa City, Beryl N. Hupp of Emmetsburg and plarenceC. Qak. Carl L, Charter, Obermann, Ot- .. Ird st., rescue unit. Pennsylvania ave., in ash. Adult Education Award Is Given Ernestine Grafton, director of the Iowa State Traveling Library, has received the Iowa Adult Education Association (IAEA) Outstanding Achievement Award. tumwa, was elected state national director for a three-year term. _ — Vince Murray of SiouirCity was honored as the outstanding insurance agent in Iowa for 1969. The Estherville association received the John S. Cutter award as the outstanding local board in the state. Reappraisal for - Dnbuqm Voted (The Register's Iowa News Service) DUBUQUE, IA. - The city conference board Friday voted to reappraise all property within the Citv of Dubuque. 0 .. d i sc ?'! I ? er ^ e " r " TOe award was presented by James Sheldon, director of adult education of the Des Moines Public Schools, at the IAEA's' annual meeting in Ames Tuesday. New officers elected by the IAEA are: , Dr. Irene Beavers, Iowa State University, president; Michael Spicer, Drake Univecsjty, presi- Democratic National' Chairman been pushing for the reappraisal, claiming their property has been over assessed in comparison with the low assessment of property in the new Kennedy Mall area. It will be the first reappraisal here since 1955. Fire Destroys Roof ing, Lumber Fire of undetermined origin Friday destroyed discarded roofing and lumber at the V/u't$d Bjrick and ?lle Co. at 1200 Thomas Beck Road, firemen said. District Fire Chief Joe Palm- Sinica, Nationalist China's top academic institute, by President Chiang Kai-shek, to succeed the retired Dr. Wang Shin- ehieh. dent elect; Doris Hamilton,! er . said the-roof of a large Kirkwood Community College, secretary; and David Holmes, Des Moines Public Schools, treasurer. building at the firm is being replaced and the lumber had been left near the building •There was no damage estimate made, he said.

Get full access with a Free Trial

Start Free Trial

What members have found on this page