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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 24, 1941
Page
6
Chicago hog prices steadied after a slow opening with top bids at 7.90. Reports show receipts mixed across western and local yards, with leaner weights and thin bids for lighter hogs. Cattle and sheep were uneven with buyers cautious and market tone generally weak to steady.
Feeder calves and slaughter cattle show steady to slow demand with varying loads and prices. Hogs and sheep occupy similar range with buyers weak to steady bids and notable price dispersion across weight classes.
Hog prices edge higher with all grades up five cents and top long haul and no fill at 7.45. Steers and heifers mostly lower by 25 cents. Hog weights 140 to over 390 pounds show varied bids from 6.40 to 7.0 in a sluggish market. Cattle and calf sections list several price ranges for steers, yearlings, cows, and bulls, with lambs priced for spring slaughter.
A Cedar Rapids column lists grain and produce prices including No 1 hard wheat 70 cents, corn shelled No 2 yellow 52 cents, soybeans No 2 83 cents, and barley No 3 35-9 cents. Poultry prices show broilers, hens, leghorns, and stags with various weights. Hides, calves, and horses are priced, with meat and dairy items not listed.
New York traders faced opposition after last week’s gains as prices moved fractionally. Corporate issues showed mild pressure while some utilities held firmer. US government bonds closed with modest moves amid mixed domestic and international factors. Mississippi River readings indicated slight shifts in several hubs.
Stocks closed with a late rally in New York led by steels motors aircraft and blue chips. Douglas Aircraft jumped over three points after record earnings. Other notable movers included U S Steel Bethlehem Chrysler General Motors AT&T U S Rubber United Aircraft Westinghouse Johns Manville Anaconda Kennecott Sears Roebuck Texas Corp.
Laid out are mixed equity prices with Adams Express Inspiration Alaska Air Int Harv Allied Chem and more. Major listings include Johns Manville Kennecott Lockheed Loews and Ford with broad coverage of industrials, utilities, railroads, and consumer goods.
Wisconsin cheese quotations for February 24 through March 1 list Daisies at 1 cent, brick at 13 34 cents, horns at 15 cents, cheddars around 14 1 2 cents. Farmers call hoard shows Daisies 15 cents, horns unchanged, cheddars around 14 1 2 cents. Market news from Boston reports spot wool interest with fine delaines 43 to 44 cents and bright medium fleeces 43 to 45 cents, while western states see continued contracting and early shorn lambs expected soon. Dow Jones averages noted with bonds near 90, rails around 4.39 and 10 Industrials at 106.76.
Minneapolis memorial reports the death of Rev. John A Dooley 81 a noted evangelist who held revival meetings here nearly every night for 38 years He died Sunday night leaving a lasting influence on local religious life.
Wheat futures rose more than three cents a bushel on the Chicago Board of Trade as short covering and light buying pushed contracts to near day highs. May wheat closed around 8373-34, with corn, oats, rye, and soybeans also higher amid mixed receipts and weather expectations.
Winnipeg wheat quotes show May at 17 2B and July at 78 4, while Chicago provisions list No 2 hard wheat at 90 cents, corn values from 6 1/4 to 63 4, oats and barley bids, and soybeans around 92 1/2 to 93 1/2, with field seed per hundredweight rates for timothy and clover varieties.
Market notes from Chicago show steady live poultry and hens over 5 pounds with varied rates by breed and weight. Butter and eggs receipts linked to steady pricing, with New York and national prices listed for creamery butter and graded eggs. potatoes, carrots, and other produce adjust to steady demand.
Richard J. Reynolds, treasurer of the Democratic National Committee, announced that the annual Jackson Day dinners will be held March 29. President Roosevelt will address the Washington dinner, and his remarks will be broadcast to other gatherings nationwide.
Vaclav E. Vane city auditor for 32 years died Saturday in a local hospital. More than 350 attended his funeral at Barta chapel led by Theodore B. Hubucek. City council members and fire and police department representatives attended in a body. City hall workers joined the service.
On Monday the fifth floor of City Hall showed a vacant desk draped in crepe with a bouquet of cut flowers beside a photograph of Mr. Vane atop the desk.
Washington discussions to improve U S Russian ties resumed at the state department with Soviet Ambassador Ouman sky meeting Undersecretary Sumner Welles. Russia seeks exemption from export license rules to buy goods, notably oil drilling equipment, while the U S aims to block use of American goods to replenish Soviet supplies for Germany and keep Russia neutral in the European conflict.
Judge John T Moffit postponed an execution sale by Perpetual Savings and Loan to March 7 at 10 a.m. to allow arguments for a new trial. The sale covered a 42 615 28 secured note judgment won Jan 15 against Anton and Mary Pusateri. A Gazette error misidentified a suit seeking 463 74 against Watta Berry and Modern Refrigeration.
The snippet lists price scales for consecutive days ads and extra lines, with 10 cent extra for out of town blind ads. It notes ad-taker contact and various services from Katz Jewelry to ambulance, insurance, and shop promotions. It mentions free subscriptions offers and multiple local business names and phone numbers.
Bedbug control and nit removal offered by Richards Pharmacy and Podzimek Pharmacy. Hair and beauty services include Lovely Lady Oil Permanent and Stark Beauty Shop specials. Feather Mattress Co and Sands Printing advertise products and print services. Auction and farmers market listings appear with wave and salon prices.
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