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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 21, 1950
Page
3
Chicago cattle and hog markets show mixed results with hogs up to 25 cents, cattle steady to 50 cents higher, and good to choice weights ruling firm. Receipts include 1,200 hogs and 1,600 cattle with varied scores, while other notes cover farm events and local notices.
USDA cattle market notes 1100 calves salable with direct to stocker and feeder buyers showing interest while slaughter classes weak. Stockers steady, limited sales. good fed steers around 27.00, cows to 23.00, cutters 17.00 to 19.25, mixed dealers at 26.00 to 30.00 per hundredweight.
The notice lists price points for hogs across weight ranges from 160 to 550 pounds. Prices range from about 15.00 to 23.00 per cwt with several midrange values around 18.00 to 22.50, indicating a fluctuating market.
Cedar Rapids area hog prices stabilize amid steady demand. Prices cover ranges from 180 pounds to 600 pounds and include prime and choice steers, cows, calves, and bulls with a broad mix of weights and classifications listed by market reporters.
In New York traders bid rail shares sharply higher, lifting overall market. Carriers rose as much as over $2 a share while most other issues gained about $1 or less. many others slipped slightly. Heavy turnover approached 2.7 million shares as automakers showed caution.
Chicago AP reports wheat and corn surged to fresh season highs amid war and inflation fears. Wheat closed up about 5+ cents, July at 2.33, while corn rose around 2.3 cents to roughly 1.56 a bushel. Oats, rye, soybeans and lard also firmed.
Cash wheat mixed at about 2.26 to 2.28 for No 1, No 2 red 2.27 to 2.29, yellow hard 2.30 to 2.31. Corn No 1 yellow 1.57 to 1.58. Oats No 1 heavy fixed 85 to 87 cents, No 1 white 86 to 87 cents. Barley nominal at 1.50 to 1.65. feed 1.15 to 1.25. Soybeans none.
Receipts show Priday estimates at 30.000, with Thursday actuals at 33.500, covering unloading at 2 packing plants in southern Minnesota and about 12 plants plus 30 concentration yards in Iowa. Prices remain uneven but steady for various weight classes, with hogs in Waterloo and cattle activity in Kansas City noted. Sows, barrows, and gifts listed with multiple weight brackets and dollar ranges for feeders, finishers, and slaughter weights.
Des Moines preacher Dr G F MacCanon will speak at Shueyville Evangelical United Brethren Church Sunday at 10 30 a m with Sunday school at 9 30 a m Polio insurance ad appears for Ray Moore Agency James McNeill fined 50 dollars for drunkenness and disturbing the peace after arrest near Melody Inn A typewriter valued at 100 dollars was stolen from Cedar Rapids Country Club Labes says The Cedar Rapids officer Gordon H Johnson transferred to Fort Eustis Va with Tech Sgt Virgil E Sanders in charge Two way radio ad for City Cab Fined for traffic count William Meskimen 50 with car under control after minor First Ave E crash Car hits tree injuring Anson Bell and Dean Darling Minor injuries Cedar Boat Club picnic postponed due to high water and plans to meet at Ellis Park Beach elsewhere
The Chicago UP! live poultry market reports 22 trucks received with varied prices for hens fryers and ducks and list for many breeds. Butter egg and cheese prices and receipts indicate steady markets and firm quotes across both Chicago and New York trading floors with detailed per dozen and per pound ranges.
Market steady on state brand cheddars with firmness on single daisies and junior grade cheddars. Wisconsin grade sales report bids unfilled for several cars at 29 2 per pound, 29 1/2 to 31 7/8 cents, and 28 2 per pound for junior grade whites or colored cheddars. No uncoveted offers.
General MacArthur announced that eight Japanese war criminals, including former Lt. Gen. Chujiro Miura, aged 62, will be paroled from Sugamo prison on August 2. The report appears in Tokyo via AP.
The state Amvet convention opened in Des Moines with more than 250 advance registrations. It will consider resolutions on national defense and U S participation in the United Nations and other matters. An executive committee meeting precedes the convention, which begins Saturday morning. Frank L. Davey of Des Moines is the current state commander. Officers will be elected Saturday with installation Sunday.
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