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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 31, 1948
Page
17
Market update shows open high low close and previous close for Sept Dec May and Jan wheat corn oats soybeans and lard at Chicago exchange. Prices listed by contract include shifts from prior closes with figures for Sept corn oats soybeans and fats across months and months.
Chicago market reports show hogs down 25 to 75 cents while cattle steady to 50 cents higher and sheep near steady to 50 cents lower in morning rounds. Estimates include salable hogs about 7,000 with total 9,000. cattle receipts around 4,500 calves and fees mixed. early slaughter lambs steady to weak and prices for native spring lambs above 25.50.
The report lists Tuesday prices and bids for hogs, cattle, calves, and sheep at Cedar Rapids, with top butcher hogs at 28.50 and packers at 26.50, plus detailed weight brackets and numerous farm product quotes including fruits, vegetables, and grains. It also notes river levels and widespread market quotes across commodities and stocks.
Salable cattle receipts total 7 050 with 1 300 calves. Slaughter steers mostly steady with some bids around 50c lower. Cows steady to weak, bulls and vealers steady. Large loads at 30.50 to 33.50, medium good cows 19.00 to 21.00.
Demand for rail issues perked up late Tuesday with some carriers rising as much as a point. Overall changes were largely fractional and the market stayed near stalemate. Turnover Monday reached 690 000 shares as investors watched rail stocks.
In New York the bond market showed irregular moves with most changes limited to narrow fractions. Frisco 4s Erie 3s Central Alabama 4s and similar issues edged up while South Shore Atlantic Commonwealth Edison 3s and American and Foreign Power 5s traded lower.
Receipts around 4,000 hogs calves and sheep with slow to moderate demand. Hogs uneven by weight with top around 30.00 for 240-270 lb barrows and gilts. lighter weights firmer. Cattle steady to higher for prime steers. cows and bulls mixed. Sheep and lambs slow. fat lambs near 50 cents over, feeding lambs varied with some at 25-26 dollars per hundred. Large volumes and varied weights across regions.
Cattle receipts about 2,700 and hogs 3,900 with slow to uneven demand. Beef cattle steady for top grades but uneven for others. feeders weak. Feeder and middle weights 1,235 lb cattle around 27 dollars. few high grade calves up to 58 dollars. Hogs active but 50 cent to 1 dollar lower, with sows weaker and barrows and gilts around mid 20s. Lambs and feeding sheep receipts near 2,000 with market not yet established.
Grain futures closed with September corn posting modest gains while wheat and oats fell sharply as profit taking and tepid demand hit the market. Chicago cash prices showed No. 2 hard wheat and No. 1 yellow corn quotes amid mixed bids and limited buying interest.
Chicago buyers watched steady to firm markets across poultry butter eggs and potatoes. Receipts included 35 trucks of poultry and 10 862 cases of eggs with varied extra and standard lots, while potato prices ranged from 2 10 to 3 90 per hundredweight for U S No 1 and washed varieties across Idaho Oregon Wisconsin and South Dakota lists.
AP reports New York receipts totaling 1 166 112 pounds with firm bulk carton prices and premiums for higher scores. Prices for various grade cartons are listed with 92 score at 79 cents and 90 score at 70 cents, while additional receipts show 522 278 steady prices and 17 656 pace figures, alongside New York spot quotations and Midwestern juice and color varieties with multiple grade distinctions.
Six stock exchanges Detroit Cleveland Cincinnati St Louis Minneapolis and Chicago moved toward a joint merger to form the Midwestern Stock Exchange based in Chicago. The plan remains conversational with committees appointed to study the merger as a joint Chicago meeting is planned after Labor Day. The aim is regional growth without competing with New York.
McKesson and Robbins Inc reports net profits for the year ending June 30 at 5.39 per share after taxes and preferred dividends with preliminary sales of 352.7 million, up 10.4 million from last year. The board approves a quarterly dividend of 60 cents per share payable September 15.
In Jersey City on Sept 21 promoter Andy Neider reiter announced Tony Zale and Marcel Cerdan will headline an all star boxing show with over 100000 dollars in tickets sold. Niagara Falls erode upriver four or five feet annually.
Out of town want ads are payable in advance. Rates shown for 1, 3, and 7 day runs. Box number handling and word counts specified. Consecutive ads require fixed size and word limits. The notice outlines payment and insertion requirements.
Several classified snippets list rewards and notices for lost items including rings, wallets, a German shorthaired pointer, a blue tool chest, a Hamilton gold watch, a red Cocker Spaniel, eyeglasses, and a green billfold. Remittance via phone and box numbers provided for identification and return.
St John Episcopal church Clinton Iowa invites bids for a new parish house with plans and specifications. Apply to Mr Peckham at 415 Oakhurst Dr Clinton, bids close midnight September 15 1948.
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