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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 04, 1943
Page
5
Retail trade declines 9 to 15 percent year over year while wholesale remains strong. Money in circulation rises by 187 million as stock volume remains high. Railroads lead market gains with New York Central and other issues hitting new highs amid expectations of sustained earnings and dividends.
Cedar Rapids war housing strain forces filling stations to become dwellings or be offered as living spaces. A station at First Avenue and Fortieth Street NE is now a residence with a sign reading Shushhhhh War Worker Asleep. About 75 families moved in last month, while 15 left, shrinking vacancies to an historic low.
Chicago livestock values ended irregular after a volatile week with hogs and cattle reaching high April levels not seen since 1919. Prices rose for most classes, top hogs at 16.10, top cattle 17.75 for April, while vealers and cows showed mixed moves and sheep remained largely steady.
Grain and feed prices list No 2 oats at 65c and No 3 at 68c, rye No 2 at 75c, shelled corn yellow 89.5c, soybeans No 2 yellow $1.68. Baled straw 12 to 14, alfalfa hay 14 to 16. Poultry values show springers 25c, leghorns 20c, ducks 20c, pigeons $1.00 per dozen, pullets 24c. Fruits and vegetables report Florida celery 86.50 per crate, lemons 7.45, oranges 5.75, sweet potatoes 5.10, apples 4.25 per box, Texas grapefruit 3.50 a box. Market commentary from Bide Market.
Weekly market report shows cattle receipts at 700 with calves 125. Good to prime fed steers reach 17.00 per cwt for 1319 lb lot. common to medium around 9.25 to 11. Decrease minor for weak good to choice stock steers 12.50 to 14.50. Sheep week totals include fat lambs 104 with values 15.35 to 15.85. ewes steady around 7.50 to 9.00. woolly feeder lambs 14.50 to 15.00 and feeders 13.50 to 13.75.
War Manpower commission authorizes field directors to designate laundries and other services as locally needed to aid war production. Local area manpower directors may recruit for designated industries without enabling selective service deferments, with criteria: acute local labor shortages, worker utilization, removal of luxury services, and wage and condition parity.
London dispatch reports Major General Sir Percy Robert Laurie provost marshal of Great Britain was fined about 2350 dollars for using a civilian ration book and military ration cards to which he was entitled as a soldier.
A garbled price list shows varying beef and pork per pound quotes. It notes ranges from 160 to 450 pounds with prices around 14 dollars per unit and different packers quoting 14.40 to 15.25.
The note recalls that President Andrew Johnson spent seven years as a tailor before learning letters, illustrating an era of self made men and humble beginnings in American political lore.
Prices on all hog grades fell five cents with top butchers at 15.30 and long haul 15.40. Hog weights from 140 to 360 pounds show varied declines while packers range from 14.75 to 15.20. Cattle demand remains steady with choice steers 15.00 to 16.00, good to choice 14.00 to 15.00, and medium to good 12.00 to 13.50. Calf market lists values up to 20.06 for high grades.
Hog receipts 400, total 3,000 with all classes listed and prices around 15.25 to 15.45. Cattle receipts 456, total 600 with slaughter steers and heifers steady to up 25 cents, cows mixed. calf prices weaker. Sheep receipts 4350 carried to Monday with slaughter lambs mostly 25 cents lower and fat end varieties around 15.50 to 16.00.
Dr. Henry G. Harmon, president of Drake University, Des Moines, will speak at the Cedar Rapids Association of Life Underwriters meeting Tuesday April 6 at the Montrose hotel French room. His talk You Have What We Want covers right thinking with guests Dr. Charles A. Anderson Coe College and Dr. John B. Magee Cornell College.
Lamson Brothers and company furnish Saturday grain quotations with H R Mowrey managing Cedar Rapids office at 503 Merchants National Bank building. Phone 2-3141 available for market data and inquiries.
New York trade reports show firms raising prices under OPA methods amid black market fear. Listings include geese 26c, turkeys 36c for under 16 lbs, roasters 20c to 34 halting market offers. cheese and butter likewise noted with nominal ceilings and limited sales.
Receipts show 7 484 titbs with steady extras and various scores, cheese contracts and U S cheese values noted. Potatoes arrivals total 728 ships, light offers and unsettled market with U S No 2 Russets priced 2 35, Katahdins and Chippewas at 4 00 and other regional prices.
In New York on Saturday the bond market showed no clear trend as rails led gains on strong volume. Morris and Essex 4 and Delaware and Hudson issues rose, while utility and industrial liens were generally steady. U.S. government and free dollar bonds traded lightly with American issues showing some activity.
Cattle receipts near 200 with demand for fed steers and heifers strong. top steer price $17.75 a new high since 1937, bulk praised around $14.75 to $17.25. Sheep about 3,000 total with western lambs at $16.50, ewes and pelts mixed. hogs 5,800 total and holding steady but market thin on good hogs.
Report on 1943 victory gardens projects with aims for 20 million total gardens 6 million rural and 14 million urban led by Andrew Wing of the National Victory Gardens Institute. Describes home canning and home-preserved foods to ease wartime supply and reduce strain on distribution and commercial processing.
Newcomer rentals include O A Kelly and Mrs Kelly at 1684 Sixteenth Street NW for Cora Jacobs of Sterling Illinois and Lester Yager with Mrs Yager at 1715 A Avenue NE from John T Stroud estate. Hedges company arranged both rentals. Remodeling work cited includes Howard Jacobs at 260 Wilson Avenue for dwelling $20 WW Ellis at 3801 Mt Vernon Road SE for dwelling $180 Nina Hite at 216 Eleventh Street NW for dwelling $100 Patrick LaVelle at 1759 E Avenue NE for garage $75 C D Shimerda at 1824 D Avenue NE for reroof dwelling $155.
The Clearing House reported Cedar Rapids week’s bank clearings at 1,960,720.70 ending April 3, down from 1,629,871.81 a year earlier but still above the 2,362,851.43 recorded for the week ending March 27, 1943, and ahead of last year’s totals.
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