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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 16, 1941
Page
9
Chicago wholesale hog prices climbed to a four year high selling up to 1.80 with gains around 20 cents while cattle held steady and spring lambs posted modest increases. The report from Lamson Brothers notes heavy hog demand and strong top grades amid Thursday's salable estimates across cattle hogs and lambs.
UPI reports hog receipts around 12 000 at Chicago and midwestern yards with top hogs at 11 80 and 270 lb plus, cows strong. Sheep and lamb values mixed with native spring lambs around 11.35 to 11.60, fat ewes about 4.75. Cattle receipts about 11 000 with steady to higher prices for steers and heifers, yearlings around 12.25, cows 7.50 to 8.50, bulls up to 10. Bulls and vealers show strength amid broad demand for various weights. Des Moines Waterloo Mason City Ottumwa St Paul Sioux City also report hogs firmer on lighter weights and mixed cattle tone across markets.
U S Department of Agriculture market notes from Peoria show hogs mostly steady with top around 11.60 for under 250 lbs and 12.95 for 180-250 lbs. Sows steady near 9.75 to 10.25. Cattle receipts 200 with steady to firm butcher steers and heifers up to 11.25, calves strong to 18.00. Sheep receipts 200 lambs steady with top around 11.25 and mixed sheep markets at 7.00 to 8.00 for yearlings.
Local hog prices rose with an 15 cent advance in light hogs and a 10 cent rise in heavy grades. The long haul no fill top sits at 11.10 dollars while markets for hogs, cattle, calves and sheep show varied values across weight classes and grades.
The Cedar Rapids market shows mixed commodity prices for grain including Wheat Nos 1 2 3 at 59½ 32 31 cents, Rye 43, Barley 35–45 cents, shelled corn 64½ cents, oats 61.32, straw 10 and 7 dollars, poultry prices by weight, eggs, fruits and vegetables with lemons 6.50, oranges 3.25 to 4.25, cabbage 2.50, tomatoes 1.60, Idaho Russets 2.30, cantaloupes 3.25, Winesap apples 2.75 a box, hides and calf prices, and horse values.
A new speedometer design promises to show the distance required to stop a car and can be set for wet or dry road conditions. The device aims to improve driver awareness and safety by providing immediate stopping benchmarks.
New York AP reports July rise met profit selling resistance Wednesday with readers closing fractions to around a point lower. Early gains faded as Wall Street investors cashed in, striking reversals in U S Steel Bethlehem General Motors Douglas American Telephone Anaconda and Dow Chemical while Goodrich Harvester and Montgomery Ward led gains.
Wall Street stock quotations listed for Adams Express Intl Paper Alaska Juneau and many others. Includes prices for Anaconda Copper Boeing Airplane Co. Chrysler Mot G M Gen Motors Kodak Rem Rand Union Carbide and more with line items spanning diverse industries and major firms.
Washington officials say no aluminum for civilian use this year. defense needs will exhaust 400 million pounds of virgin and secondary aluminum through the rest of 1941. Co directors William S. Knudsen and Sidney Hillman issued the formal statement.
Wheat futures fluctuated with declines of about 1 to 3 cents as hedging sales weighed on the market while mills’ buying supported dips. July wheat near 103.4 to 418, corn and oats also mixed, Chicago cash bids posted for No. 2 hard, No. 1 northern spring, and various corn, oats, barley grades as listed.
The Gazette accepts want ads by telephone or mail and at the office. Ads for more than one day are not guaranteed correct if only the first insertion is accurate. Vendors offer various services and listings for jewelry, watches, times, travel, insurance, and repairs with local shops and contact numbers.
The New York bond scene Wednesday centered on the new American Telephone 3s of 1956 with fractional price moves. Rail and utility issues showed modest gains and Treasuries mostly firm while the foreign list was dull. Dow Jones averages reflected varied activity across bonds and stocks with substantial daily totals.
Scattered sales closed on final grades of western wools in Boston Wednesday according to the U S agriculture department. Twelve month Texas wools sold around 1 054 to 1 107 scoured basis and fine territory wools in original basis moved irregularly near 1 00 to 1 03 scoured basis. Combing bright fleece wools of ta and 34 blood grades were steadier at 46 4 to 46 4 grease, but quotations were largely nominal due to lack of business.
Work on storage buildings for a new loading line at the Iowa ordnance plant near Burlington has started. Maj. John C. Lowry says the project is part of a wartime expansion totaling $7 200 000, adding manufacturing buildings storage houses and railroad add-ons.
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