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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 29, 1949
Page
3
Financial and market notes report Chicago grain quotations showing price movements for corn, wheat, and soybeans across trading sessions. Analysts and traders track futures, spot values, and supply concerns affecting regional and national markets.
Chicago AP reports hogs gained about 50 cents per hundredweight with receipts around 5,000. Prices showed wide trade, tops near 334.25, including most good and select hogs around 22.50 to 23, with lighter weights near 18 to 19 dollars. Cattle and calves were mostly steady to slightly higher or unchanged, with slaughter steers and heifers slow but near steady and cows 11.50 to 15.00 for canners and cutters. Lambs sold at 22.50 to 25.00, with several classes steady overall.
Cattle receipts at Omaha show calves 100, slaughter steers and heifers limited, demand steady to weak after sharp prior decline. Cows slow, bulls steady to easier, vealers unchanged, stockers and feeders light. Good yearling fed at 26.75, medium short fed 22 to 24, odd lots 18.50, cutters 12.25 to 14.00, canners 11 to 11.75, bulls to 18.00.
Sioux City AP USDA cattle report notes salable receipts about 1,000 with 100 calves. Slaughter steers and heifers scarce, market scattered cleanup sales steady to easier. Cows dull after sharp declines, fresh supply mainly 600 stockers and feeders. Short fed yearlings around load prices, good heifers about 25, common grassers under 17. TZ men and medium cows around 14, low canners 11.
Kansas City market notes show 200 calves received with limited testing options. Scattered odd head during the week, with buyers holding steady bids around 24.00 per hundredweight.
Owings hog market in Ottumwa shows live weight price ranges from 170 pounds up to 550 pounds. Top reported price around 22.00 with various brackets: 170 180 190 200 240 270 300 360 400 450 500 550 pounds. Sows and heavier weights noted with mixed bids.
A compact OCR fragment lists hog weight categories and prices. Items include 160-170 pounds at 19.00 and 170-180 pounds at 19.00, 300 pounds at 17.50, 360-400 pounds at 16.25, and 450-500 pounds at 14.25. The text also mentions 50 cent increments and butchers 25 50c.
Cedar Rapids market reports show higher hog prices with top prime butchers at 22.00 and packers at 19.00. Cattle listings include various weights with steers and cows priced across a broad range, plus lambs and sheep values. Wholesale fruits vegetables and grain quotes from Dennett and Co. accompany the market data, with Dow Jones averages and closing quotes noted.
New York AP reports a cautious rally late Friday lifted most closing prices above the day’s lows as losses remained spread out. Trading slowed with about 600,000 shares changing hands amid intense heat that kept many traders away from the financial district.
Chicago AP reports a firm tone in September grain contracts on Friday lifting wheat and corn about two cents at times while soybeans faced profit taking after a rapid rise. Prices ended near the day’s close with modest gains in most grains. lard advanced with September contracts moving to about 12.12.
Chicago lab Watea No 2 1.9632 No 3 red 11.94 No. 2 hard Corn No. 1 yellow 1.42 1.43 No. 2 rough 1.39 No. 5 1.36 Oats mixed 62 63c No. heavy white 65 69c Mo. 1 white 64 40c No. 3 white 63% No 1 heavy 65c Barley nominal Making 1.42, feed 80c Soybeans None.
Des Moines Iowa hog receipts Friday est 32 000 up from 23 500 week ago and 22 000 year ago with Thursday actuals 26 000. Activity centers at two Minnesota plants and 12 Iowa plants plus additional out of state shipping and buying stations. Prices up to 50 cents higher on many weights while sows gain up to 75 cents. 160-180 lb hogs around 20.00 to 22.25 with 200-240 lb hogs about 21.00 to 22.25 and 270-300 lb hogs near 18.50 to 19.50. 330-360 lb hogs around 17.50 to 19.00 and lighter sows around 15.00 to 18.00 with heavy sows near 16.25 to 18.00.
SIOUX CITY AP Barmaids can stay on their jobs in Sioux City. The city council Friday unanimously refused to approve an ordinance prohibiting women from working behind bars after a hearing where opponents including tavern operators and barmaids argued for equal rights. Walter W. Lindgren, superintendent of public safety, cited police records showing tavern trouble did not stem from women behind bars and said the proposed ordinance would not solve tavern troubles.
Receipts show 17 trucks of poultry and fluctuating dairy and produce prices. Carrots and potatoes mix, butter holds at steady to unsettled levels with various score bids. U.S. No 1 long white potatoes and listed regional shippers provide the main price points amid a generally sluggish market.
American whole milk cheese and butter prices shown with receipts and unsettled market notes. Includes prices for grass fed 1948, cured 1948, daisies, and 34a 36%4c units, plus butter wholesale nets for bulk cartons and creamery scores, and egg wholesale selling prices by grade and weight with mixed colors and pullets.
Patricia Ennis a 14 year old girl at 508 Fifth avenue SE fell from a railroad coach stand on a siding near Greene Square. She suffered a broken right leg and was taken to St Luke s hospital where her condition was reported as good. Police say she and another girl were playing on the coach when she fell from the platform.
In St Louis a tavern operator and patron were charged after a firecracker salvo discharged outside the tavern. Joseph Messana said he threw the firecracker to prevent an internal explosion. Police officers nearby received the blast along with patron Thomas Rosenbaum who admitted lighting the device.
The bureau reported a one percent drop in average wholesale prices last week, led by declines in grain and livestock. The figure sits 0.1 percent below late June and roughly 10 percent under late July 1948.
Waterloo police charged Philip L. Shutt, 41, of Independence with sodomy after an early morning arrest in Pioneer Park. Shutt, a 1948 Democratic candidate for secretary of state, has bond set at $3000. A Waterloo man was also arrested by two patrolmen. charges against him had not yet been filed.
Eugene Howlett aged 39 of 941 M street SW faced police court on Friday after pleading guilty to molesting children. He was fined $100 and costs following his Thursday Riverside park arrest for offering a nine year old girl money to walk with him.
New York AP profile honors Mrs. Van a Dutch born practical nurse aged 63 who cared for a young neighbor family, bought flowers with half her first week's pay, and later supported five children after her husband’s illness. She endured poverty in wartime Europe and the United States, learning English and nursing, remaining hopeful about the future and trusting in providence.
Mrs. Pauline Suggs filed for divorce from Russel Lawrence Suggs of 51 years after she accused him of running a newspaper ad seeking a lonely gentleman to meet a woman aged 30 to 45.
A pattern notice offers crochet directions titled Pattern 557, claiming easy squares form a cloth. Readers are invited to send 20 cents to The Cedar Rapids Gazette needlecraft department in Chicago for the pattern, with name and pattern number provided.
R O Shively 78 of Marion died at Cedar Rapids hospital after a short illness. Born in Ohio Sept 22 1870 he lived in Central City and Marion since 1892 and 1903 respectively. Survived by wife Bertha, daughter Hazel Sheldon and three sons Frank Robert Melvin, plus relatives. Services Sunday 2:30 at Yocom chapel with burial Oak Shade. Several short community notices and ads follow.
Atlantic City report notes unprotected bright sun exposure dims night driving visibility. Harry H. Lyman, Sun Glass Institute standards chairman, says wearing sunglasses is a safety matter beyond glare reduction. Tests from wartime research support reduced twilight and night sensitivity.
Cap John Maragon, a former bootblack now connected to top officials, testified behind closed doors in the 5 percenter inquiry. Senators pursued alleged influence in government contracts, with Maragon promising more information in weeks. He initially denied appearing before the Senate.
Washington AP report. John Maragon urged senate investigators to summon columnist Drew Pearson in the five percent inquiry. The move centers on Pearson as a key public figure in the investigation.
In a Capitol session Maragon acknowledged testifying after being accused by Drew Pearson of being a 5 percenter. He denied such charges, called Vaughan a friend, and noted his past ties to Truman era White House access. He hinted at a future disclosure about his current business.
Lost black purse reported in the morning in Cedar Rapids with a reward offered. Contact Mrs A R Rathie at 2721 Atkins IA. A lost black dog with a curly tail white and brown markings half beagle half terrier, contact numbers 3 7949 or 3 5357 with reward. Also lost round yellow gold ladies wrist watch band Hatch Card, dial 3 3449.
In Tyler, Walter Lee Brown drew compliments on his first haircut, smiling at visitors as his two front teeth protruded, a striking display for a very young boy.
A sketched page of classified notices lists venues and services. Seemingly generic ads promote jewelry, car sales and repairs, sewing machine parts, and household items. Names like Vincent's Jewelry and Morris Fur Shop appear among repair shops and dimly lit storefronts, with a casual town ad feel.
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