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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 26, 1940
Page
4
Financial and market notes show hog prices rising to a new yearly high near 7.40 per hundredweight. Cattle and sheep also rally with steers and yearlings up 25 cents or more, and widespread gains across major U S livestock markets including Chicago Omaha Des Moines and St Paul with receipts around 12 000 to 20 000 head.
Hog receipts light to moderate with mostly 10 to 14 cents higher on barrows and gilts. larger weights up 25 cents. Cattle sales steady to 25 cents higher. slaughter steers and heifers active mainly good to choice. cows steady to 10 cents higher. canners and bulls weaker. Sheep and lambs opened weak with bids pending. some spring lambs priced around 9 to 9.25 per hundredweight in light test.
New York stocks showed continued signs of a sleepy market with few gains in steels motors and a modest recovery tone in scattered issues Transfers around 175 000 shares near a 22 year low and most issues held late levels or failed to open U S Steel Bethlehem Chrysler General Motors Sears Roebuck Woolworth Glenn Martin Curtiss Wright A Anaconda American Smelting lagged Du Pont Texas Corp Montgomery Ward Western Union
Wall Street quotations show Adams Express Alaska Juneau, Kennecott Copper, Libbey Owens, Anaconda Copper, Anaconda, Union Carbide, Goodyear, General Motors and many other firms. The daily listing includes large industrials, rail and utilities with prices and changes, reflecting a broad market snapshot from Chicago and New York venues.
Local porkers moved higher with prime hogs gaining 20 cents on Monday and good quality hogs up 15 cents. The best quality no-full tap hogs sell around 6.94 dollars as cattle markets stay steady. Calves fetch 10.50 for fancy selects, with other weights and grades priced accordingly. Lambs remain steady with spring season quotes at 7.50 to 10.0 and ewes around 2.50 to 3.20 per hundredweight.
Prices listed for Wheat Oats Corn and Soybeans. straw and hay bids. wholesale fruits vegetables and dairy notes. beef hides and horse hides priced by grade. includes unit measurements and per hundred weights. updates reflect Cedar Rapids market rates and farm products.
Wisconsin cheese quotas for Apr 26 31 show daisies 14 0c brick 12 3 4 cents and cheddars 13 2 1 2 c as farmers and dairy lines list prices. The Boston wool market notes fair demand for fine territory and Texas wools with prices around 82 85 rents for French combing length and 85 87 cents scoured for other lots.
New York bond trading showed irregular trends with the foreign division displaying the widest swings in forenoon. Commonwealth of Nations issues rose about 4 points amid prior gains, while select domestic issues edged up around 4 points. Several issues fell by similar margins, and government issues moved modestly higher, with the Treasury market limited by cautious demand. The National Gallery of Art project in Washington advances toward completion with an estimated cost of $15 million.
Chicago board of trade wheat and corn eased to fractional gains after early rallies. Wheat finished 1 to 1 1/2 cents higher with light offerings. corn up 1/2 to 1 cent. oats and rye small gains. Soybeans rose 7 1/2 to 1 1/2 cents. Cash wheat and oats mixed. Winnipeg and Kansas City showed mixed strength amid uneven selling pressure.
Markets report mixed poultry prices with hens, turkeys, and broilers varying by weight. Butter and eggs firm with higher creameries driving cheese and dairy futures. potatoes, vegetables, and Nebraska cobblers show modest shifts amid steady overall supplies.
JOWT MASON United Press War Expert reports Sunday night’s British air raid over Berlin signaled a warning to Germany to halt London bombings. RAF penetrated inner defenses, bombed central Berlin while sparing civilians, and leafletted residents including Hitler’s residence to show London’s restraint and retaliatory power.
Sofia Bulgaria announced all men who have not yet served will be called for 75 days of training starting September 5 and 15. The measure targets unsighted conscripts as part of national defense preparations.
Rep. Martin Dies, Texas chair of the House committee on un American activities, claimed positive evidence that German Italian and Russian governments coordinate to flood the United States with propaganda to disrupt defense and hinder aid to Great Britain. He cited seized records and testimonies from Texas the west coast and Kansas City and named thousands of suspected sympathizers mainly in aircraft factories in California. He said he would push a bill to outlaw agents and groups controlled by foreign powers and aim to bar propaganda shipments via the U S post office.
The navy will start building a large fleet of mosquito and torpedo boats for shore and inland waterway defense. Secretary Frank Knox says 39 designs are under consideration and will undergo competitive tests to select the best.
Raymond Euhling 29 of Diller Neb missed several court demands then appeared in Lincoln with his girlfriend for a wedding rehearsal. An officer served the warrant during the rehearsal and he was jailed for the rest of the night to force his court appearance.
Classified blurbs include a LOST Gamma Phi Beta pin with name on back asking finder to notify Columbus Junction Iowa, a LOST black cocker spaniel with a reward, and multiple ads for ambulance service moving services jewelry repairs and beauty services. The page bundles reader notices and service ads with contact numbers and offerings.
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