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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 29, 1949
Page
14
Prices for flag related markets show a slip of 50 to 75 points as investors react to early trading signals. Analysts note modest volume and cautious demand in key sectors affecting overall sentiment.
OCR shows a busy rural market page with hog and cattle quotes, farm goods, fruits and vegetables, dairy products, and grain prices. It lists prices for common cattle and calf lots, Iowa Minnesota California shipments, and wholesale fruit and poultry with regional quotations.
Trading on Tuesday showed corn holding above Monday’s close amid light country receipts and limited new bookings at 20 000 bushels. Wheat moved up and down with a government price lift at Kansas City aiding the bread grain while oats soybeans rye and lard posted mixed small changes.
New York traders sent prices up about three points at the open after news that cash for stock purchases would be cut to 50 percent. Early gains faded but activity remained brisk with around 1 700 000 shares trading as orders to buy flooded the market.
The Chicago market shows firm to slightly stronger tone with butter receipts at 732 499 pounds and various price levels across butter eggs and potatoes. Idaho Russet demand supports steady markets while New York butter and eggs list unchanged scores and weights amid steady wholesale activity. About 85 percent of neckties sold are bought by women for men.
In Davenport a 15 year old from Oelwein Alfred Stockfield met Eddie Cantor in the Stars hotel room. Cantor urged the boy to value education over an early show business career. Stockfield had contemplated quitting school to pursue acting.
R W Kemler of Marshalltown Iowa president of the Iowa Junior Chamber of Commerce says he will not seek national vice president of the Jaycees for personal reasons Frank Nye a Cedar Rapids national director backs him The group plans a trip to the Jaycee international convention in Brussels Belgium leaving Iowa April 5 with participants from Cedar Rapids Waterloo Des Moines Fort Dodge and Shenandoah plus one or two others
University of Iowa English professor Rhodes Dunlap won $100 for solving a Dick Tracy mystery contest question paid by the Chicago Tribune. Dunlap said he was pleasantly surprised by the award for his literary gem.
Decorah authorities settled a dispute over the Dry Run flood control project as the Bernatz dam on the Upper Iowa River was washed out by high water. The 90 year old structure served the Bernatz mill near Phelps Park, with the park board seeking its retention for scenery while army engineers favored removal.
Max Berlin defeated incumbent Marvin Oxley 191 to 152 to win the Marion park board seat in Marion’s city election. The race was the only contest, with 848 total votes cast. Berlin ran on the Citizens ticket while Oxley ran as an independent. Mayor M. H. Biddick drew 295 votes.
Des Moines AP State Governor William Beardsley vetoed for the first time a bill to finance sewage treatment plants via city or sanitary district debt. He objected to drafting and debt limits, saying the measure conflicted with constitutional debt constraints despite flood control committee support.
The Iowa House approved a plan to screen prospective inmates for mental institutions, proposed by Gov. Beardsley, with a 97 to 0 vote. The measure would fund screening programs with 500000 dollars over two years to ease institutional congestion and redirect some individuals for short treatment and return home.
Fay Miller, longtime automobile dealer, retires after 25 years and sells his Oldsmobile agency to George H White of Rak Island. White will take over ownership as Miller shifts to full-time auctioneering in April. White has run the Oldsmobile agency here for 11 years.
Local Gazette lists advertising rates and out of town want ads with numerous small notices. Found entries include lost and found items, rewards for lost pets and belongings, sales listings, services offered by local businesses, and personal messages of remembrance and memorials.
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