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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 08, 1949
Page
3
CHICAGO AP live hogs fell 25 cents, cattle steady to 75 cents lower, and sheep steady to $1 down. Swine top $21.50, various weight classes quoted. cattle calves, cows, and steers show broad weakness or stability by class. Receipts listed with prices for hogs, cattle, and sheep across multiple weights and grade ranges.
AP dispatch from Omaha notes calves salable around 4000 head with steers and heifers uneven. High quality steer and yearling prices around 27 to 369 per hundredweight, mid-range goods 24 to 25.50, cows 18.25 to 23.00, cutters and common about 14 to 15.50, sausage pull prices up to 21.75 as dealers show upward movement.
New corn shelled No 2 at 1.17 per bushel. No 2 white corn quoted at 58 cents. Soybeans around 207 a unit. Oats seen near 2.00 to 2.50 per unit. Barley and other grains listed with varying prices and receipts. Market overview reflects current receipts and trading ranges.
New York stocks moved higher in cautious trading on Wednesday with gains ranging from fractions to about a point. Investors exchanged roughly 800000 shares as the market extended its upward move on mix of gains and hesitancy.
The sale notes 2500 calves and 400 head of cattle with most categories down. Vealers and killing cows weak by up to 1.00, yearlings and calves uneven, bulls steady to slightly down, loads of fed steers and heifers around 23.00 to 25.00 per cwt, cows mostly 17.50 to 19.00, several lots mixed certs at 26.00 to 27.00, with some food-grade consignments and hard-to-parse price ranges in Nebraska.
Market 50¢ lower at Ottumwa, hog prices listed by weight class. Butchers 470-180 lbs ribs and sows 276-330 lbs at varied prices. Prices shown include 5300 head at 75.0 and 450-550 lbs at 14.25 to 15.00, with other weights and figures noted.
Wheat jumped about 9 cents in early trading after an extended government price support program was announced. Corn oats and rye posted gains but lagged wheat, while soybeans and lard also rose. July corn near $1.3254, oats around $0.5942, rye at $1.36, soybeans at $2.21, and wheat futures near $1.93.
AP report from Chicago lists corn and soybean prices by grade. No. 1 yellow corn at 1.38 to 1.39 per bushel, No. 2 and others priced accordingly. Heavy white and feed varieties noted with price ranges. Soybeans No. 1 yellow at 2.29 per bushel track Chicago.
Chicago market notes show live poultry receipts including hens, chickens, turkeys and old hens with price ranges from 33 to 35 cents per unit. Butter receipts total 1,180,001 pounds with varied carlot quotes around 58 to 64 cents per pound and 92 score values. Potatoes arrivals and prices list several varieties with several regional price points. overall market tone indicates modest strength on whites and reds.
ORK UP Butter receipts total 204,895. Market steady with wholesale net prices for bulk cartons showing creamery goods above 92 score. Receipts 21,950 cases. mixed cutters and heavyweights range 52 to 54 cents. Current receipts 43 to 47 cents. dirties and whites vary. Cheddars 32 to 34 cents. grass varieties 52 cents, cured 54 to 59 cents. sausage item 58 to 59 cents.
Sioux City livestock reports show calves and steers selling slowly with early bids softer by around 50 cents to a dollar. Cows are dull with prices near 20 dollars, stockers mixed, high quality bees around 25 dollars, and stocker steers around 22 to 24 dollars.
Market notes from Des Moines show estimated Wednesday receipts around 36 000, down from 51 000 a week ago and 35 000 a year ago. Tuesday unloads at two Minnesota packing plants and twelve Iowa plants with some out-of-state shipping. Prices for cattle and hogs varied with moderate activity to slow, quotes mostly lower with several per hundred weight ranges and specific farm yard figures noted.
Petti bone Mulliken Corporation of Chicago reports 1949 earnings at 8.57 per share for Universal Engineering, down from 8.74 prior year. Dividends total 1.45. Monthly shipments up about 50 percent from a year ago, orders rising, and unfilled orders 35 percent higher. Employment at 217, down from 247 and 301 previously. Plant operates 40 hour week. other plants lag 10-20 percent. Stockholders meet June 21.
In Los Angeles vice squad officers halted a church benefit raffle at Bob Hope’s home. Sgt. Davie McCoy said no arrests were made after Mrs. Hope claimed she did not know the raffle was illegal. Several paddlewheels were confiscated. The affair, with over 1 200 attendees, benefited a convent in nearby Alhambra.
Western Allied officials said Russia and the Western Powers nearly completed a German trade agreement. They reportedly resolved the currency issue by recreating the old German clearing house, creating a quasi banking credit system to sidestep value disputes between East and West marks.
Senator Taft charged Democrats with political maneuvering over the Truman administration plan to repeal the Taft Hartley act. He argued there is no congressional mandate to repeal, citing past veto overrides and election results that showed voter support for lawmakers who opposed the administration measure. He noted party leaders pushed the repeal despite Republican amendments being blocked.
Cedar Rapids police held Frank Flynn 47 on intoxication and larceny following his 12 50 p m arrest at the Wheel Inn by Sgt Dale Cunningham. Flynn allegedly sold five pairs of women's pajamas to another man for 2 with the garments appearing to be J C Penney store property.
Hollywood AP reports Paulette Goddard and Burgess Meredith settled their Mexican divorce. Attorney Greg Bautzer said the Cuernavaca decree entered last Friday and became final this Wednesday. Goddard returned from Mexico Monday. both had separated for months.
The House Appropriations Committee disclosed that taxpayers funded congressional recordings for broadcast back home. For the first nine months of the fiscal year the cost reached 15824 dollars. The panel urged ending general tax fund subsidies and moving the operation to a self sustaining basis.
Everett Ayers and his wife Betty of St. Louis were jailed after pleading guilty to forging checks totaling about 899 dollars in Johnson county. Judge Harold D. Evans ordered Ayers to Fort Madison penitentiary for up to 10 years and Mrs. Ayers to one year in Rockwell City women’s reformatory. The couple had pleaded innocent in April before changing pleas.
Ellis Noggle age 25 was convicted of manslaughter May 28 and sentenced by District Judge Milton J. Glenn to eight years in the Anamosa reformatory. He was indicted for manslaughter in connection with an October 1948 automobile accident in which Frances Coyle 46 of Dubuque was killed.
U. S. Savings bonds remain at high levels, with more outstanding today than at any time since the end of the war, reflecting sustained investor interest and government borrowing needs.
The Izaak Walton League executive board finalized details for a Sunday field meet at Walton Oaks. Live pheasants will be used in bird dog trials with eighteen birds obtained through Conservation Officer Lloyd Keifer. Pheasants will be released in Linn county after the trials. live pigeons and mallard ducks will be used for land and water retriever events. Admission is $1 for adults with children under 12 admitted free. proceeds support conservation efforts.
DES MOINES AP reports Polk county jail is overflowing with prisoners. Cots line the corridors as cells fill beyond capacity. Ten inmates are kept in the city jail due to space limits and a bean and bread diet plus a two shift dining system. Sheriff Reppert notes rising inmate numbers and an overall crime uptrend.
Milton Babich 19 goes on trial in Milwaukee for the murder of Patricia Birmingham 16 to silence her about her sister Kathleen Babichs pregnancy. Kathleen 18, married to him two days before Patricia body was found in the Milwaukee river, is pregnant in August. Jury selection drags on amid publicity with 74 jurors summoned. Babich seeks guilty to manslaughter but prosecutors push for premeditated murder.
In testimony to the House Foreign Affairs Committee Hoffman outlined a three year "little Marshall plan" for Korea to curb communism. He urged allocating $150 million for Korean recovery aid starting July 1 and argued relief programs delay self sufficiency.
Mrs. Allie Shadford 89 died at the Heim home in Marion after an extended illness. She was born September 20, 1859 at Agency and married Charles S. Shads in 1878. he died in 1908. Services will be in Ottumwa with burial at Agency Cemetery. Also noted are a piano recital at Marion Christian church by Edna Roberts pupils, Marion Business Girls club dinner benefitting the playground fund, 257 enrolled in Bible School, and Albert Van Fossen securing a commerce degree and a job with Crescent Electric in Spencer starting June 20, wife Marian remaining in Marion.
In Hospital-Weaver Simonsen seven year old son of the Clyde Simonsens is a patient at St Luke s hospital with a fracture of the left leg suffered Memorial Day at Leech Lake Minnesota. Several social and community notices follow concerning local residents and events.
SAN JUAN Puerto Rico bodies or parts of 37 persons killed in the ocean crash of a converted army transport were recovered, with divers still searching 40 feet deep for 16 others. A possible final toll of 54 loomed as survivor lists showed 27 names while coast guard noted 28 rescued, leaving 53 of 81 aboard missing or dead.
Classified page notes television ads and lost items. Found items include a large white chest Holstein heifer near Lymn Merrifield and an apparent downtown string pawn with small cross envelope. Reward offered and contact numbers listed. Local services advertise painting, cleaning, repairs, and storage offers.
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