Market News Service Teletype Update From Cedar Rapids
Financial and market notes furnished by Lamson Brothers and company. H. R. Mowrey, manager, Cedar Rapids office located at 503 Merchants National Bank building.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 20, 1942
Page
8
Financial and market notes furnished by Lamson Brothers and company. H. R. Mowrey, manager, Cedar Rapids office located at 503 Merchants National Bank building.
Livestock deliveries show hogs holding to steady prices while lighter weights slip about 10 cents as trading slows. Cattle, calves, and sheep receipts rise. quotes for steers and yearlings reflect varied pressure, with some declines and others steady gains across Chicago and regional markets.
Omana Livestock report from Omaha outlines hogs, cattle, and sheep markets with price ranges for various weight categories. Slower hog trade with mixed bids, cattle steadier to lower, calves and bulls noted, sheep market subdued with steady to lower bids. Also reports at Peoria and Mason City market results and US Department of Agriculture notes.
Hog grades drop by ten cents with prices listed across weight bands and packers. Cattle values show mixed shifts with steers and heifers ranging from about 9.25 to 12.01 per hundredweight, and various cows and lambs priced in the mid singles to tens.
Listing of grain and produce prices in Cedar Rapids including wheat oats barley and corn as well as poultry beef and fruit prices. Also notes on hides horse prices and a partial garbled line at the end.
In Plymouth Wisconsin AP reports cheese quotas for January 1924. Wisconsin press exchange notes 23 4c cheddars. In Boston there was little domestic wool activity with inquiries for combing Ohio delaine around 45 to 46 cents and small lots of 2 and 4 blood combing fleece at 53 to 52 cents. A firefly’s light equals about 25 1 000ths of a candle power.
U S stock market opened with a mild advance but gains faded as the session progressed. Santa Fe climbed near a 1941-42 high while Union Pacific New York Central Pennsylvania American Can Kennecott Westinghouse and Dow Chemical supported the move. J C Penney slipped to a new year low and several others stayed mixed or edged down.
The senate on Tuesday confirmed Edward C Eicher of Iowa to be chief justice of the United States district court for the District of Columbia. An unrelated note mentions that tin cans were once called tin canisters and abbreviated by bookkeepers to save space.
Chicago AP reports conferees failed to resolve amendments to a price fixing bill, keeping grain trading subdued. Prices fluctuated with no clear trend as short covering lifted some futures, with wheat up to 5% near day’s best and corn and soybeans modestly higher while rye and oats showed small changes.
Chicago cash prices show wheat with gains and lows while May futures hover. Corn oats and soybeans quoted with No 2 yellow soybeans around 1.80 to 1.85 per bushel. Field seeds and cash lard prices listed with assorted weights and grades.
In New York the bond market saw rail loans favored by buyers and carriers advancing to fresh prewar highs in January upturn amid expectations of higher railroad rates. Government bonds held a narrow line as utilities and industrials showed notable activity and stock averages fluctuated amid mixed results.
Chicago market notes unsettled live poultry with 33 trucks loaded. Prices listed for hens broilers ducks and turkeys by weight and grade. Butter eggs potatoes and cheese quoted with regional differentials and futures figures from Lamson Bros. plus New York fronts.
Courthouse update reports Guy Hall arrested December 18 on a drunk driving charge. Judge G K Thompson fined him 300 dollars plus costs after a guilty plea, with installments of 25 dollars monthly following a 50 dollar down payment. Probate also in district court. The will of Frank J Klouda, who died December 30, was admitted to probate with First Trust and Savings Bank of Cedar Rapids named executor.
Community notices include War Relief chair Kathryn Kaufman at the Red Cross sewing room to request standard typewriters. Obituary notices for Frank Larent of Golden Illinois and Kane County items. Navy aviation machinist’s mate Edward Burke Jr and Army recruit John J. Newcomb updates. Civic group talks by T F McPartland on civilian defense. Funeral procession notes for Tom C. Eppers. a dress design prize for Edith Morris from the Printz Biederman contest.
Gerald Wilkes sues Honeymead Products Co of Cedar Rapids in federal court seeking 275 for unpaid overtime under the Wages and Hour Act plus 275 for attorney fees court costs and liquidated damages. He says he worked as a sign painter July 10 1940 to Sept 26 1941 averaging 60 hours weekly for 47 weeks at 30 dollars weekly and 50 hours weekly for two weeks. in Aug and Sept 1941 he worked five 60 hour weeks at 32.50 and seeks overtime pay. Fred C. Fisher Jr. represents him.
Funeral services were held for Mrs Rob Davis 41 at Brandt in Oelwein after a brief illness. She is survived by husband two sons Cecil and Lynn daughter Ruth and four sisters. Monona notices list Mrs Paul Caslavka death in Postville and services in Lime Springs. Otto Kolbe 54 of Monona died. survivors include wife four children and brother Guss.
Obituaries for James R Forbes James Bibby Ruby Lenora Ralston and Martha Sommers note funeral plans on Wednesday in Cedar Rapids area chapels and m among Cedar Memorial Linwood Oak Shade and Turner chapels with burial at Cedar Memorial Cemetery Oak Shade cemetery and Linwood depending on individual. Families invite no flowers and call at chapels prior to services.
Classified snippets list car deals like 1940 Chevrolet and 1936 Ford V-8 plus welding courses at Rapids School of Welding and Paris Beauty School. Numerous phone dial numbers and local business names appear in this busy advertisement page.
Edward C. Sampson, a Rock Island fireman at 626 Fourth Avenue SW, died at 5 30 pm Monday after a long illness. Born May 18, 1891 in Decorah, he lived in Cedar Rapids 25 years and worked 26 years for Rock Island Railroad, retiring in 1941. He married Anna Bagdonat in 1913 in Brooklyn. Survived by wife, two daughters Mrs. C A Schamberger and Mrs Edward Bunn, two sons Waller and Clarence, a granddaughter Julie Ann Bunn, two brothers Freeman and Harold, and is member of Saron Lutheran Church and Brotherhood of Railway Firemen. Funeral Thursday at 2 pm in Turner chapel. Burial Cedar Memorial park. Friends
Fred A. Scolaro has been elected head of the Past Chief Rangers of the Foresters of America as the organization marks its twentieth year. Other officers elected include Charles E. Chapman as vice president Dom Feiereisen as treasurer J G Feiereisen as financial secretary Louis F. Black as recording secretary Anton Krejci as sergeant at arms Charles J Anthony as trustee and Fred E Holcomb as past president.
The Chicago and North Western railways announced plans to install bicycle racks at its suburban stations to support commuters who used to drive cars to the stations and leave them there while at work.
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