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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 04, 1940
Page
8
Heavy receipts pushed hog prices down 10 to 15 cents from Friday estimates as the Chicago market eased. Cattle showed mixed values while fat lambs and yearlings edged lower in slow trading. open market hogs totaled 28,000 with 11,000 direct to packers. Prices for best 160 to 220 pound hogs ranged from 5.60 to 5.85 dollars.
Hog receipts 28 000, total 33 000, prices generally 10 to 15 cents lower than Wednesday. Bulk good and choice hogs 160 to 220 pounds at 5.60 to 5.85 with other weights up to 5.75. Cattle receipts 5 550, calves 1 000, steadiness in Me ht end long yearlings, steers weaker, cows strong to 15 cents higher, vealers 25 to 50 cents lower, yearlings around 11.59 average, best heifers about 9.25, beef cows 6.00 to 7.00, stockers slow. Sheep receipts 12 000, total 25 500, lambs and yearlings 10 to 15 cents lower, best wooled lambs 8.75 to 9.25, native ewes 4.00 to 4.50, steady undertone.
Sioux City and surrounding markets show varied receipts with hogs slow and lower, cattle steady to higher on some runs, and sheep trading scarce. Iowa listings from Ottumwa Mason City and Tama report mixed changes, with hogs 10-25 cents down and cattle prices including fat steers around six dollars, while lamb trade remains unsettled.
Market notes show slow demand early in the week with prices lower than average as of Wednesday. Packers limit and shipper quotes appear around 169 to 360 pounds with around 5.25 to 5.50 per pound, while cattle receipts total about 3,700 fed steers.
Yearlings start slow to steady with mixed lots at $8506 975 and up to $1078 for some. fed steers and heifers show limited high bids with top vealers around $9.50. Beef cows and canners steady to modestly lower. sausage bulls $6.75–7.00. sheep arrivals 4,200 with fat lamb bids down 25 cents, wooled lambs $8.50–48.75 and slaughter ewes down $4.25.
Minnesota pork market report lists barrows and gilts prices by weight ranges from 24 to 500 pounds. Prices range roughly from 3.80 to 5.20 per unit with varied quotes for 150 to 500 pound animals and several weight bands showing minor fluctuations.
South St Paul AP market report shows cattle receipts 2490 with slaughter steers and fed lots steady to higher, cows steady, bulls strong. calves 1900 steady with good to choice at $10. Hogs receipts 13000 with lighter weights down 15c, heavier and sows bid at $5.50 to $5.60. Sheep 7200 receipts with fat lamb activity quiet, feeder ewes above $4.69 and slaughter lambs $8.75 to $9.00.
Combined hog receipts at 16 yards and 10 packing plants in interior Iowa and southern Minnesota for the 24 hours ended 8 am Thursday totaled 62,500, up from 45,000 a week ago and 36,109 a year ago. Prices listed for various weight ranges show hogs from good to choice across multiple weight classes with bids ranging from about 3.80 to 5.30 per cwt.
Hogs weakened on the local market with all grades down 15 cents and the top priced hog at 5.25. The cattle market remains unchanged.
Wall Street stock lines list a vast array of prices and tickers across many companies. Key names include Adams Express Alaska Juneau Allied Chem Alleghany Paper American Can American Smelting White a broad snapshot of industry leaders and traders in a Thursday quotations page.
The Cedar Rapids market notes detailed prices for grains hay and straw dairy products and poultry. Wheat No 1 88c No 2 86c rye 24 barley 35 45c shelled corn 48c No 1 buckwheat 2 8c soybeans 1.65 hay prices 6.00 7.00 butterfat 30c 29c 27c poultry prices hens leg horns springs all between 6c and 19c hides and other byproducts priced. fruits vegetables cows and horses listed with various rates.
New York notes show selected industrial and utility loans edging higher in the corporate bond market while government issues rise and fall. Prices for Anaconda Copper 4 1/2s and Texas Corp papers are noted with American Foreign Power 5s and American Water Works 6s among highlights.
United States government bonds closed Thursday with Treasury 4505 47-52 and Treasury 3 05 44-46 trading amid activities in New York. Treasury 2125 49-53 showed steady prices as markets reflected cautious optimism.
New York stock market stalled as profits were cashed on the five day advance. Initial gains faded into losses by close as trading slackened and about 850000 shares changed hands while investors awaited the Presidents budget message. Boeing headed an indifferent aviation group with several names steady.
Beneficial snows in the southwest winter wheat area spurred selling on the Chicago board as prices eased late after a largely irregular session. Wheat closed modestly lower and corn showed firmness with May futures around 59 to 60 cents. Export buying aided corn futures while Minneapolis and Kansas City markets reflected the Milwaukee tone. September corn reached a new seasonal high at 61 cents.
Chicago cash provisions show no wheat sales with varied corn and soybean quotes. Minnesota AP reports receipts of 717 cars and lower cash prices for No 1 heavy dark northern and No 1 hard Montana wheats, with corn and barley bids adjusted accordingly.
A group of House members seek a proviso to next year’s state department budget forbidding embassy maintenance in Moscow. Bills would aid Finland with debt payments or new loans while a broader push to sever relations faces procedural hurdles.
Classified page outlines Gazette want ad rates by line and section, details submission options, and deadlines. It lists miscellaneous lost notices for various items and contact numbers, plus brief mentions of services such as storage, jewelry repair, and transportation references.
A collage of local beauty shop advertisements includes Lovely Lady Oil Permanent 98 guaranteed with new equipment and 16 operators at Ely Lady Beauty Shop. Also Paramount Theater Bids offers $3.95 oil wave and related services at Mary Nell Beauty Shop. De Lux Beauty Shop lists permanents 95c, fingerwave 25c, haircut 25c. LaVogue Beauty Shop and Paris Academy of Beauty feature routines and pricing. Classifieds also note used sports equipment such as sleds, skates, and skis for sale.
Futures and prices show commodity quotes and market movement with references to Purnished butter futures and refrigerated standards. Dow Jones averages list various bond and rail figures with daily changes and index points across multiple issues.
AP live poultry receipts total 41 trucks with varied weights and prices for hens leghorns springs and other fowl. Butter and eggs receipts in thousands. prices mostly steady or unsettled. Potatoes show mixed US No 1 values for Idaho Nebraska North Dakota and Wisconsin. New York market lists egg, butter, and cheese movements with mixed color and weight classifications.
The Cedar Rapids circuit of Missouri Synod Lutherans met at Newhall and formed a study club with an organized program. A steering committee was elected, and topics including homiletics, catechetics, symbolics, New Testament Greek, church architecture, and patristic studies were assigned to listed pastors. The next meeting is set for February 5 at 10:30 a.m. at St Stephen's church in Atkins.
Wisconsin cheese exchange lists for Plymouth show daisies at 15 1/2 cents, brick at 14 4 cents, and cheddars at 15 cents. Farmers call board reports daisies at 15 1/2 cents and cheddars at 15 1/4 cents.
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