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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 03, 1942
Page
12
Financial notes show slower trade in livestock amid the market news from Chicago. Lamson Brothers furnishes grain quotations while H R Mowrey manages Cedar Rapids operations from the Merchants National Bank building.
Trade developed slowly with hogs down 10 to 15 cents on all weights and sows lower. Top hogs brought about 14.25 to 14.35, while cattle saw a top of 16.40 for choice to prime 1,310 pound averages. yearlings steady and cows scarce amid firm bulls.
A chaotic market summary reports Bliss Triumphs and various price readings across states. It notes washed and unwashed prices, cheese receipts, egg quotes, dressed poultry movements, and regional shifts with multiple figures and scores.
Local hog prices trend weaker with a 15 cent drop across grades and top long-haul rates around 13.80. Cattle and calf figures show varied values for choice to prime steers, yearlings, and cows. lambs and ewes advertised with several weight bands and price ranges reflecting market softness.
Markets report receipts in cars and trucks with heavy hens firm at 195 cents, springs 4 pounds and up at 2 one half cents. Eggs receipts 25 311 cases with extra firsts at 10 to 11 cents, butter and cheese noted with mixed prices. Potatoes arrivals 104 cars on track and 1 066 shipments, Idaho russets and California lone white washed prices ranging from 2.95 to 3.05 per cwt.
Grain and produce prices list in Cedar Rapids shows No 1 Wheat at 56c, No 2 at 50c, corn shelled No 2 at 6c, hay and straw prices, poultry rates for broilers and hens, pigeons, vegetables including celery lemons oranges and cabbages, fruits like apples and grapes, dairy and hides prices, and various live stock values from calves to horses. Includes wholesale values for onions, potatoes, and cash prices per bushel or box.
Miscellaneous Wisconsin Plymouth notes list cheese working dates May 25 30 and dairy items. The wool market reports light Texas activity at 123 to 1.18 per pound for good combing types with quiet domestic fleece and scoured fine cape wool at 3.05 per pound.
New York bond market edged through the final hour with many issues marginally higher or lower. Some notable names like New York Central and Southern Pacific recoiled slightly while Rock Island and American Telephone held steadier. U.S. government and foreign loans showed selective strength in late trading.
The stock market moved higher near the session end on a quiet day. Leaders posted gains of fractions to around a point as steels, motors and chemicals led the late rebound. General Motors Chrysler Pan American Airways and Montgomery Ward hit new yearly highs with United States Steel Bethlehem American Airlines Westinghouse American Can du Pont and Santa Fe finishing in positive territory.
Charles Kosek parks commissioner will present a city tree ordinance to the city council at Thursday's meeting. The measure gives the city control over trees and shrubs in parks and public places and won unanimous approval from the plan commission at Tuesday night’s session.
A masked gunman was slain and two bank guards wounded during a bold attempt to rob Continental Illinois Bank and Trust in the LaSalle Street district. The slain man was tentatively identified as a St. Louis resident. The two wounded guards were John Whelan and Thomas Lyons. Malta, a separate note, is described with a population of 265 000 exclusive of the garrison.
CHICAGO AP The grain drop to year’s lows paused as mills and dealers bought, lifting wheat despite overall market unsettled. Wheat closed near day highs with July futures around 16 cents below government loan level. corn fluctuated but rebounded. cotton oil and hogs weakness pressured corn. Cash wheat and soybeans quoted with varied No 1 and No 2 grades and spot oats and barley prices listed.
Three United Packinghouse Workers locals members Vernon Ellsworth Fred Vrba and George Danda testified before Judge G K Thompson that the CIO did not coerce Alice Culp to rejoin the union nor attempt to oust her from her job The testimony comes as Culp seeks an injunction claiming the union failed to protect his seniority rights and tried to force rejoining after he left membership Vrba also said the union refused to recognize Culp s seniority over four men though the company had done so
On Wednesday two district court cases were dismissed at the plaintiffs request. The Federal Discount corporation dropped its judgment against Dean J Turnipseed and Ernest E Turnipseed over a $17.70 unpaid auto balance. A separate action against Elizabeth Fetter and Edward J Fetter for personal injury and property damage by Lewis L Fox was also dropped.
Lieut. John Ewing Albaugh son of Gov. and Mrs. R. D. Albaugh of Winner South Dakota was killed in a plane crash while in foreign service. No details were released. His mother is the former Mabel Gilmore, a former Marion resident.
The Theristriai club held its closing program and tea at Mrs J Lawrence Bigger home with Mrs N A Baker and Mrs J T Galliven presiding. Mrs Herbert Gerstman described Vienna social life and schools while new member Mrs A R McElwain was welcomed. Several local members and guests attended various social events and meetings around Marion.
Major John Ward of Chicago described the movement founded in 1865 by William Booth. He noted early opposition but strong growth, its WWI role, and the USO proposal from a Salvation Army commissioner. Ward, English born, has served in Nova Scotia Dayton Michigan City Chicago and Flint and will lead Racine office next week.
A congressional report shows $18 326 paid to two Iowa men for referee work in national railroad adjustment board cases over 18 months. Richard F. Mitchell of Fort Dodge received $11 425 for 2281 days of service and Paul W. Richards of Red Oak earned $6 901 for 157 days. The House Appropriations Committee release lists 99 awards for Mitchell and 112 for Richards.
In Nassau riots cost two lives and damaged property as the Duke of Windsor returned to govern the Bahamas. Unskilled workers protested for higher wages amid a curfew and censorship, while police and troops restored order and curfew hours were set. The duchess meanwhile visited Baltimore to stay with relatives.
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