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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 04, 1949
Page
7
Chicago livestock prices show hogs up 50 cents to 1 dollar after a drop, with salable hogs 10 to 13 thousand. Cattle steady to 50 cents higher. sheep strong to 50 cents up. Calves and cows mixed with various price levels shown for different weights and grades.
Cattle and calves steady to higher with buyers selective. Steers and heifers fetch around 3450 at times, with prime weights and feeder lots showing strength. Sheep market remains slow and unsettled as buyers resist higher slaughter prices amid limited demand.
Salable cattle receipts 709 with calves and heifers showing uneven weights under 100 lbs. Steers over 100 lbs slow, beef cows steady to dull, lot prices mixed from 50 cents to 100. Steers 1800 receipts and hogs with higher bids noted. Sheep receipts 100 with nominal activity, choice yearlings and red wool lambs around 24.25.
Receipts around 3500 calves with moderate activity on reduced supply. Slaughter steers mostly steady with prices near 23.25 to 25.75 per cwt, top around 26.50 for short loads. Canners and cutter cows steady to slightly higher. bulls and vealers show limited movement and early sales favorable for steers and heifers.
Prices for hogs and cattle on the Cedar Rapids market rose slightly with top prime butchers at 19.75 and packers around 17.00. Listings show varied weights and grades across good to strictly choice steers and cows, yearlings, bulls, and calves with several price ranges and classifications.
New York traders kept the stock market barely ahead on Tuesday after Monday’s drop. Most issues gained a little or held steady as turnover hovered around 650 000 shares, the slowest full day since August 16. Investors awaited the President’s State of the Union message Wednesday.
Early advances faded in late trading as profit taking emerged. Wheat rose about a cent in deferreds, corn steadied, oats advanced, soybeans gained, and lard fell with oil markets. Prices near close: May wheat 2.27 3 4, May corn 1.48 5, May oats 0.77 8, May soybeans 2.60 1, January lard 15.95.
The report lists various wheat sample grades and prices including No 4 yellow at 148 per hundredweight and other grades such as No 3 yellow at 2614, with references to heavy whites and sweet clover and track Chicago markets. It notes prices and sample quality across multiple lots.
The note lists various animal weights and prices across categories such as sows and boars, with ranges like 240-300 lbs at 17.75 and 360-400 lbs at 18.2. It notes location in southern Minnesota and Iowa with some out of state shipping and country.
Lincoln Electric Company announced pay cuts from 3 to 25 percent for 1 089 employees in Cleveland. The reductions come as the U S cost of living index drops, according to the United States Bureau of Labor Statistics.
In New York a breakdown shows 1948 milk costs split among farmer to company taxes profits and operating costs. The analysis by NY State College economist Leland Spencer shows per quart delivered to homes 24.80 in 1948 and 22.10 at stores while the milk company kept 12.55 and farmers received most of that after expenses. Delivery and handling drive store versus door prices with store profits higher by about 2 cents per quart.
In London the House of Commons debated foreign affairs as the home secretary James Chuter Ede was asked about taxi service to Americans. A court ruling had said taxis need not stop when hailed. Ede acknowledged complaints the cabs may not stop for Americans and noted unreliable meters. The session then heard Ernest Bevin discuss the international situation.
Marion city council raises councilmen pay from 1 to 4 dollars per attendance, effective April 1 with next term. They discuss financing a $75,000 west Marion sewer project, possible Fifth avenue east work, and a spring start. Also notes include city hall interior repairs, gas savings, receipts and disbursements, and local funeral and sports items.
The liner Queen Mary’s New York voyage was postponed from Tuesday to Wednesday after over 50 tons of foment ponies were not loaded to reinforce buckled plates in the hold.
Reports list various local items including films shown by FB A Lager at a fire station meeting, rental ad for a sleeping room at 1287 6th Avenue, improvement in Louise Gibson Putnam's condition after a heart attack, Velbeny funeral services for Fannie Velbeny at Yo com chapel with burial at Oak Spade cemetery, Burpee seed catalogs in mail, Linn's Best Four H club meeting with Beverly Fagle, Colgate toothpaste ad, Mrs Ivan Clearwater recovering after surgery, Richard Schrimper returning to Ames from holiday visit, and Methodist choir practice at 7 p m.
The article notes Asia houses 1.157 billion people, the sole continent with a population over one billion. It highlights Asia as the singular region surpassing the threshold, implying demographic primacy among continents.
In the 1870s J L Haddan proposed a Bosphorus tunnel under Constantinople but was ridiculed. Now Charles Andrew of Tacoma advances a floating twin tube design 30 feet in diameter and 15 000 feet long to cross 800 feet deep water, 50 feet below the surface.
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