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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 23, 1948
Page
14
CHICAGO AP reports live hogs were steady to 50 cents lower Monday with the heavy side strongest. Cattle were unevenly 25 cents higher to 25 lower while wealers fell $1 and sheep stayed mostly steady amid Tuesday estimates.
USDA Chicago hog bids show slow pace with steady to uneven loads across weights from 150 to 475 pounds. Calves and cattle vary. top fed steers reach 41.25 while cows and bulls pull lower prices, sheep and lambs modestly higher with yearlings steady to uneven. Total receipts around 4 500 head with active slaughter lambs and ewes steadier.
Market notes show Sioux City and Cedar Rapids hog prices with prime butchers at 29.75 to 37.25 dollars, various weight brackets and declines for some cuts. Cattle receipts around 13 500 with steer, heifer, and cow prices and bids listed, plus sheep lambs trading and hide prices. Also includes Dow Jones averages and stock quotations for context.
In New York the stock market extended an early decline throughout the day and finished with overall losses. Trading volume was around 550000 shares as prices slipped by fractions to four points.
USDA cattle receipts reach 16 000 with calves 2 100 as slaughter steers and heifers open steady. Fed steers sell around 32 50 to 35 75 with high good and choice loads unsold. Medium to low good shorts 26 to 32, few medium grass steers 24 to 28, Colorado fed heifers 38 75 top, few good heifers 32 to 34, stockers and feeders steady with good and choice steers 26 to 31 and 1 150 lb feeders around 31 40.
Chicago United Press notes poultry receipts of 17 trucks with varied hen and fryer prices and small fluctuations in turkey, duck, and pigeon values. Butter receipts total 612 064 pounds with a weak market and graded prices from 67 to 73 cents per pound. Eggs receipts 14 132 cases with fluctuating prices from 60 to 80 cents per dozen. Regionally, bean and grain products list mixed farm item prices and U S No 1 size A washed quotes around 3.00 dollars per unit.
AP report from New York shows two day receipts with butter wholesale bulk carton prices and creamery quality ratings. It lists receipts totals 521,989 and 532,929 with various cheese types and scores, including cheddar and American grades, plus irregulars and spot quotations for dairy products.
A safety warning stresses caution as a life saving measure in hazardous environments. The brief urges adherence to guidelines and careful behavior to prevent injuries or fatalities.
In Chicago on Monday the grain market declined across the board. Traders blamed ample corn supplies and looming storage pressures as well as doubts about parity support next year. Wheat fell to 134 to 1/2 cents, corn down to 3 percent, soybeans down about 6 cents, oats lower, rye down, and December soybeans near new lows.
Chicago market notes show wheat prices across several grades with No 2 red at 2.19 and No 3 red at 2.18, corn values around 1.80 to 1.81, oats mixed at 0.76 to 0.77, barley and rye quoted, and soy details limited. The report reflects early 1940s price levels for wheat corn oats barley and feed.
USDA reports strong demand across cattle hogs and sheep in Sioux City with higher bids on cows and steers. Hogs top near 30.50 to 31.00 per hundredweight, with varied weights trading around 25 to 31 dollars. Sheep receipts and bids appear mixed as buyers push for lower slaughter class prices amid uncertain action.
Receipts Monday estimated 18,000, week 17,500, year 29,000 with Sunday actuals 16,800. Unloads at two Minnesota packing plants and 12 plants plus about 30 concentration yards in Iowa. Prices largely steady with Saturdays. some 25c higher for hogs under 360 pounds and 50c up for certain customers. sows 25c or more lower on all weights. Barrows and gilts 160-180 lbs around 26.00 to 29.00.
Mr and Mrs C W Griffin and Mr and Mrs R W Esslinger won the Elmcrest Golf and Country Club mixed foursome fourball with a net 136 Sunday. They were followed by Bud Turner and Loretta Gorman and by L W Woll folk with 137. Joe Fredericks pair had the low twosome score 61 and the Griffins 64 for closest drive on No 5 J M Welch won a prize for closest to the pin on No 5.
Miss Doris Pense daughter of Mr and Mrs W R Pense and Richard Jedlicka both of Cedar Rapids were married Sunday afternoon in the Baptist parsonage by Rev Charles Moore Attendants were Mary Powers and Oliver Klein of Cedar Rapids The couple will reside in Cedar Rapids The same item notes W F Kruger Florence Kruger Mr and Mrs Walter E Reinsch and daughter Margaret Ann attended a faculty reunion at Wartburg college Waverly Kruger stayed to attend the American Lutheran church convention as a delegate
Mr and Mrs Eugene McConaughey moved Monday into the house at 1055 Seventeenth street which they recently purchased. Mr and Mrs Lloyd Mobbs are at home from Silver Springs Florida. John Hoeft of Clear Lake joined Mrs Hoeft and their daughter Sue in a weekend visit with her parents Mr and Mrs Frank La Barge Mrs Hoeft and Sue accompanied him home Sunday evening. Mr and Mrs Herman Larson of Worthing South Dakota.
Over night guests in the La Barge and Roberts families. Community meetings include Osceola lodge and 1.0.C.F. event with A. D. Crawford and Charles Cornwell. Various travels, visits, and minor home sales noted along with softball game plans and hospital updates.
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