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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 14, 1947
Page
11
A sharp drop in livestock values is reported across markets. Dealers attribute the decline to lower demand, higher feed costs, and evolving consumer trends impacting prices for cattle and hogs. Market trends show volatility into the season.
Hogs drop 75 cents to 1.50 under Monday trading, cattle mostly 25 to 50 cents lower, slaughter lamb bids sharply down. Receipts: hogs 9,000, sheep 3,000, cattle 25 to 50 cents weaker, with vealers and cows easing. Market tone soft as buyers hold back with uneven heavyweight weights and limited good offerings.
USDA market report shows hogs lower across weights with sow prices down 1.00. 180-250 lb sows 25.00. 250-300 lb 24.50 to 24.75. 400 lb sows 24.00. good to choice sows 22.00 to 23.00. Cattle receipts 19,000. calves 350. fed steers and stocker classes steady to higher with higher bids for choice loads. Slaughter lambs slow but generally steady to stronger. wooled lambs around 22.00. fall shorn lambs 21.00. ewes 10.00 straight. replacement lambs 25.50 lower. feeding lambs 18.25.
Combined receipts at 19 concentration yards and 11 packing plants in interior Iowa and southern Minnesota for the 48 hours ended 8 a.m. Monday totaled 41,000, up from 28,000 a week earlier and 33,700 a year ago. Prices varied with many lots trading 75 cents to $1 below previous levels, and some items down as much as $1.00.
Prices fell about one dollar Monday on the Cedar Rapids hog market after a temporary closure later in the week due to oversupply. Prime butchers reached 24.25 dollars and packers 21.50, with varied quotes for steers, yearlings, cows, bulls, calves, sheep, hides, poultry and produce items across the market listings.
New York traders faced heavy liquidation on Monday as pessimism over news dampened sentiment. Industrials including steels and motors led declines, pulling leaders down 1 to 8 points to the year's weakest average since November with dealings near the million mark by midday.
New York bond review notes sharp declines of four or more points in some issues on Monday while Treasury bonds remained quiet and unchanged as investors maintained a bearish stance across the market.
US government and AP report salable receipts at 20 000 to 22 600 cattle in Kansas City with buyers bearish and prices down. Slaughter steers heifers and mixed yearlings tested market trend as cows and calves weaken and stockers and feeders show 14 18 dollar ranges, with several lots bid lower and few sold at higher end.
Salable receipts total 10,000 cattle and 9,500 hogs with early sales limited and about 50c to $1.00 lower on bids. Fed steers traded around $21.50 to $24.00 with several loads above $23.50. Medium stockers and feeders hovered $16.00 to $18.00 while canners and cutters weakened to $12.50. Hogs saw $1.25 to $1.50 declines, light weights hardest hit. Sheep demand weak as buyers talked lower.
Chicago grains broadly declined with securities drop but losses were modest. Wheat fell about five percent to around 2.52 per bushel May contract, corn near steady to slightly down, oats mixed, and active lard down to about 1.25 per hundredweight for July.
Chicago wholesale market lists prices for fowl roosters fryers and old roosters with various weights and costs. New York egg prices show steady demand with mixed color grades and receipts around normal. Butter and cheese values noted with scores and premiums and wholesale sale ranges for cheddar and Swiss.
George Hunter a former Marion resident died Sunday at his son Dr Lewis Huner’s home in Wallace Idaho He was a retired cater and had lived at 1093 Sixth Street until selling his home in September 1946 Surviving are two sisters Mrs Fay Workman and Miss Anna Hunter of Perry Burial arrangements not specified.
Nancy June Bunting daughter of Mr. and Mrs. John W. Bunting died Saturday afternoon. Services will be at 4 p.m. Tuesday in the Yocom chapel with Rev. James P. Gable officiating. Burial will be in Oak Shade cemetery. Friends may call at the chapel.
In celebration of Mrs. George O. Stone's eighty sixth birthday, Edward Gruwell of West Branch visits with his daughters Mrs. Alice Crew of West Branch and Mrs. Arlene Litterell of Iowa City in Marion.
Polygon of scattered loss notices and personal ads listing a brooch with blue stones and rhinestones, a lost wallet with credentials, keys, a camera left in a park, and rewards offered. Communications reference various contact numbers and locations such as the Mirror Lounge and local streets, with sporadic names and times.
A dense jumble of classified-style notices for local services and shops in Marion Iowa. Includes merchants offering sewing and upholstery services, rug and furniture work, beauty and massage services, printing, jewelers, and various home repairs.
An old style classified cluster lists auto body work and refinishing options with financing, plus a jumble of local ads for jackets jewelry and watches. Community notices follow about permits, visits, hospital updates, and club meetings. reader adds events and personal news from nearby towns.
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