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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 06, 1941
Page
6
Chicago market reports hogs finishing 5 to 10 cents higher after a slow opening on Tuesday. Estimates show cattle receipts around 8 000, hogs 24 000, and sheep 7 000, with fat lambs gaining about 10 cents and steers and yearlings steady in early sales.
AP reports Iowa hog prices rising 10 to 20 cents for 120 140 lb pigs with steady to higher receipts across Des Moines Waterloo Mason City and Austin markets. Cattle and hog receipts at Sioux City Chicago Dallas and Omaha show steady to firm prices with top hogs around 7.10 and steers near 14 50 per hundredweight amid mixed demand and regional packer activity.
Receipts at Peoria include hogs about 5 000 with prices generally down 10 cents from last Friday. Cattle 700 calves and 200 cattle largely steady with some good steers and yearlings showing higher bids. Sheep 500 head, lambs steady to slightly firmer with better fed western lambs around 9.40 to 9.75.
Local market shows hogs 5 cents higher with good hogs advancing 5 cents while packers remain unchanged. Long haul top at 710 dollars. Genuine spring hogs 70-90 lbs listed at 875 dollars, 190-120 two dollar down. Bucks 1 dollar less. Prices vary by quality.
Grain and farm products including No 1 wheat at 76c No 2 oats 36c and No 2 rye. New No 3 yellow corn 54c. soybeans 87c. Hay and straw prices. poultry listed by weight and breed. Wholesale fruits and vegetables with assorted prices for Lemons Oranges Grapefruits celery lettuce onions cabbage carrots potatoes cauliflower sweet potatoes and Jonathan apples. Hides calves kip horses and pony prices included. Manes and full tail included.
Chicago market reports show live poultry prices with hens and springs firmer and various weights, plus leg horns and roosters priced per pound. Butter receipts around 1.09 million pounds mix with creamery prices, eggs steady with multiple grade prices, potatoes on track for arrivals and stock levels across several states, and New York prices given for butter cheese eggs.
The stock market rose in early trading with several issues climbing to new highs for the year while earnings forecasts lifted specific stocks. Trading slowed with about 650000 shares changing hands and a late session drift saw gains narrow for many leaders. Key gains were noted in Jones and Laughlin, Mack Trucks, General Theaters equipment, and Savage Arms among others.
Stocks show mixed movement with gains in rails and utilities while overall averages edge higher. Industrial and miscellaneous stock listings reflect modest upticks as market data tracks 30 and 132 shares alongside closing figures and small changes.
Rome reports the agriculture minister issues the first rationing decree excluding cream for Italians starting Wednesday. The measure targets dairy consumption as part of wartime controls imposed by the food dictatorship.
Wheat closed up 12 to 12.5 cents with May at 88 1/4 to 881 1/4 cents as rest of grains gained moderately. Corn edged higher, oats gained, rye rose marginally, and soybeans climbed about 2 cents amid light receipts and steady cash markets.
Winnipeg quotes show May and July wheat futures with mixed figures around 79 and 775. Chicago cash provisions list No 1 hard wheat at 93 to 34 cents and various corn oats barley and field seed prices across multiple grades and samples.
Wisconsin cheese quotations for Jan 6 to 11 show Daisies Horns and Cheddars with specific cents per pound. Wool arrivals in Boston drew steady to firm demand for fine and half blood South American wools, domestic wools quiet, with bids around 42 cents in grease for fine delaine and 4? blood. asking prices near 44 to 45 cents.
New York bond market edged higher Monday with gains in rail utilities and industrial issues. Anticipation builds for January security sales near 200 million, nearly double last year. Prime domestic corporates such as Certain-Feed and McKesson and Robbins rise. international issues show mixed moves amid Bardin fallout.
The Supreme Court rules a firm's refusal to sign a written labor contract after reaching terms with a union is an unfair labor practice. The Heinz case involves AFL affiliate and the National Labor Relations Board order. The decision also dismisses further challenges to World War I era damages and reinforces NLRB inference power.
Rex Conn Linn county agricultural agent told Rotary club that higher costs for goods farmers buy could offset gains from defense needs. He warned rearmament won’t restore foreign markets for cotton and wheat and outlined Linn county 1941 plans including soil conservation pasture improvement hybrid corn tests weed control and expanded farm business association work.
Des Moines Gov. George A. Wilson says a recent U.S. Supreme Court ruling removes the Moscow Coralville and Des Moines river dam projects from Iowa executive council jurisdiction. The court held the War Department controls all streams contributing to flood control, not just navigable ones. The three Iowa projects were the major ones affected.
The Linn County district court drew a father and son for the January term grand jury. Robert F. Smith of Cedar Rapids Route 1 and Theron S. Smith of 1049 Avenue N were among the 7 chosen from 12 for the January term. Foreman J. F. Newland from Washington Township leads the panel alongside jurors Glenn Ritze Otter Creek, E. C. Halstead Spring Grove, J. E. Secrist Springville Route 1 and J. E. Haehlen Monroe Township. The session is expected to focus on routine investigations with a report likely by Wednesday.
Judge H. C. Ring overruled motions to transfer Melrose dairy receivership assets to a federal bankruptcy trustee. The ruling followed the state court action against Clarence E. Hickey dba Melrose dairy tied to a chartel mortgage before Hickey’s bankruptcy filing. Cedar Rapids Co operative Dairy was plaintiff. J. G. Hupp, administrator, intervened. A separate appeal upheld a workers compensation award for H. R. Eveland against Newell Construction and Machinery, but vacated as to Charles E. Newell.
The senate elected Sen. Pat Harrison of Mississippi as president pro tempore for the Seventy-seventh session by a 55 to 21 party line vote. Sen. Arthur H. Vandenberg of Michigan was the Republican nominee. Harrison, then chairman of the foreign relations committee, was praised as easing Democratic leadership tensions.
The West Side Mutual Fire Insurance association holds its annual meeting Thursday at 1 p.m. in the Chamber of Commerce building. A special City Lines bus will carry National Association of Retired Railway Employees members to Marion’s holiday party Tuesday evening Jan 7 departing 6 p.m. R. C. Gatewood 60 of 2020 1 street SW is treated at St Luke's hospital after a knot struck him with a double-bitted axe while chopping wood. Cedar Rapids saw a Zephyr Rocket on Monday en route to its maiden southbound run to St Louis with a northbound leg to Minneapolis. service starts Tuesday with trains passing through Cedar Rapids at 10:50 p.m. and 12:50 a.m. respectively.
A B 17C heavy bomber completed a 3050 mile non stop flight from Dayton to Texas and back, averaging 190 mph. High winds and icing forced the mission to stay around mid altitude and abort the planned 15 000 foot high altitude test.
Cedar Rapids city council authorized gas mains installation in the alley between J and K NE, extended water mains 320 feet from 6 NW to Eighth St W, and approved financing with Frank Buser. Permits surrendered and reissued to Mabel Curry. Red Crown alleys cigaret permit renewed. Gas usage for December averaged 1039.6 BTU per user day. Municipal pool project near completion with final payments largely disbursed. Stark Building Co. involved. Protests filed by Frank Starman against Hamilton Street extension.
A mixed array of classified notices includes jewelry loans and repairs at Katz Jewelry, ambulance service advert, reward offer for fraud arrest, typing and stenography services, pharmacy prescriptions, feather mattress cleaning, sewing and alterations, domestic staffing, printing services, watch repairs, beauty shops and permanent wave deals, and various small business notices. The Gazette carries pricing and contact details for each listing and requests references for automobile transport ads.
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