Ground Lost By Livestock
CHICAGO AP Livestock weakened Tuesday under pressure of heavier than expected receipts. Hogs were 25 to 50 cents lower, cattle steady to 25 lower, lambs 25 to 50 cents lower.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 01, 1949
Page
9
CHICAGO AP Livestock weakened Tuesday under pressure of heavier than expected receipts. Hogs were 25 to 50 cents lower, cattle steady to 25 lower, lambs 25 to 50 cents lower.
Hog receipts reach 13 000 with market slow to moderately active. prices show 38 to 50 cents lower in spots. Top hogs around 275 dollars for select 170 to 240 lb butchers, with heavier hogs and sows quoted near 16 to 20 dollars per hundredweight. Cattle receipts 7 000 calves 500 slow. slaughter classes steady to 35 cents lower, steer loads to 27 1/4 dollars for 1150 to 1250 lb, heifers around 28 dollars for Nebraska stock, beef cows near 1850, canners 1300 to 1525. Sheep receipts 3 000 with good and choice lambs about 26 50 to 27 50, some higher. slaughter ewes around 12 50 to 12 75, aged bucks 8 50.
Cattle receipts feed uneven trading with 700 calves and 100 slaughter steers. Hogs slow uneven with 270 lb barrows and gilts around 21.50 to 21.75 and sows 50 cents lower. Sheep 2500 head total with two loads good and choice wooled lambs at 24.50.
Salable hog receipts about 9500 with steady to 30 cent declines for various weight classes. Cattle receipts around 6500 with early pressure on fed steers and steady to higher prices for certain heifers and stockers. Sheep and lambs slow with lambs around steady to 50 cents lower and ewes mixed.
Cedar Rapids hog market prices drop a quarter with top prime butcher price at 20 25 and packers 17 75. hog weight classes range from 180 to 600 pounds with bids 18 to 20 50 per hundredweight. Cattle listings show steers bulls yearlings and cows with varied grades and prices across 900 to 2000 pounds, plus calf and sheep sections and wholesale fruit and grain notes.
In New York on Tuesday a rising stock market faltered late but most issues stayed in positive territory. Gains ranged from fractions to about a point or more as several shares pulled back from intraday highs.
Market steady for large Russets with bests on top, other items mixed. Receipts total 13,489 with overall tone dull. pork and cheese quotes shown, several price marks for carloads and crates, including Idaho Burbanks and Bliss Triumphs in the 2.75 to 3.85 range.
Chicago AP reports selling in grains pulled prices down on Tuesday with nervous trading and a large corn to-arrive purchase of over 200 000 bushels. The spot market eased for lower grades while some day’s end recovery left wheat down 3 to 2 cents, corn steady to 4 lower, oats and rye lower, soybeans down, and lard 13 to 25 lower.
Market notes list various grain and seed prices in Chicago including wheats No 4 yellow yellow, malting and feed varieties, field seed items like timothy and sweet clover, and beans No 1 yellow with per hundredweight pricing. The snippet shows fluctuating quotes and grade distinctions in a seed and grain price page.
Five youths escaped the Webster county jail in Fort Dodge Monday night and surrendered within 90 minutes. Gerald Staver, Jesse Anderson, Ronald Lowery, Ellsworth Musselman, and James Hill, all 18 or younger, were held in the women’s ward. Staver surrendered first. Anderson found in a stolen car. Musselman and Lowery turned themselves in at the police station. Hill called police from a drug store. Authorities held Lowery and Musselman for absence without leave, Anderson and Hill for car theft, and Staver for grand larceny.
A revival of the barber shop quartet tradition begins in Cedar Rapids with a meeting Sunday that elected officers Robert J. Thiel as president and Robert Wray as secretary treasurer. The group aims to join SPEBSQSA and will host Des Moines to organize the Cedar Rapids chapter next month.
William W Woollcott brother of the late Alexander Woollcott and an author died Monday night in Baltimore from a heart attack at age 72.
Marion news summarises a talk by Dr L L Dunnington at a Marion Chamber dinner where he reconsiders his earlier claim there is nothing to fear from Russia. He now warns Russia could be an aggressor in 10 to 15 years while noting the country is not yet ready for war.
Cooper of 2448 Seventh avenue was fined $100 for reckless driving after Saturday arrest. Howard Coper faced the same citation and paid the same penalty. Bill Ellis of 2014 Eighth avenue was fined $25 for disturbing the peace. costs were assessed in both cases.
David Widger and Hilda Mary Kampfner of Seal Beach California wed in Santa Barbara on February 18. The couple will reside in Seal Beach at home. Widger is the son of Clarence A Widger and his wife, former Marion residents.
Slight improvement is reported in the condition of Mrs George L Erwin, a patient at St Luke s hospital. Mrs Erwin is ill of virus pneumonia.
Robert Kerns and his classmate Miss Patty Mathewson of Louisville Kentucky spent the weekend with his parents Mr and Mrs William Kerns.
Mrs W McBride traveled to Denver on Monday to spend a week with her son in law and daughter Mr and Mrs C F Dandareau and her grandson Connie.
Mrs Pringle recovers from major surgery in Batavia. Clarence and Mrs Knapp move Tuesday to a 120 acre farm they purchased near Albunett, after previously living on a Linn county farm.
Rayon and metal prices fall across the board as Celanese cuts acetate rayon to 42 cents per pound, brass and bronze ingots drop one half to one cent, and industrial alcohol slides to 21 cents a gallon. Hides weaken to 25 cents per pound while demand remains slack, signaling broader cost-driven shifts in production and pricing strategies.
Gwilym A. Price of Westinghouse Electric says home appliance prices may ease and material costs will fall this year. He notes past steel premiums during shortages and urges continuing expansion, new plants and processes, and more risk capital to spur industry growth.
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