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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 31, 1955
Page
14
Chicago and Des Moines market summaries show hog prices rising up to 25 cents on all butchers weights with lighter receipts than expected. Cattle and sheep demand remained mixed, with calves and various cattle classes mostly weaker and hogs led by strong demand.
Sioux City cattle receipts total 1 800 with calves none. Slaughter steers and heifers move steady to weak and high good to choice steers bring 22.50 to 23.80, good 20.00 to 22.50 for tireds, cookee heifers 20.50 to 22.50.
Receipts 2 500 cattle calves 75 fed steers and heifers mostly steady to weak cleanup trade. Slaughter cows uneven beef grades mostly steady. Canners and cutters steady to weak bulls fully steady vealers unchanged stockers and feeders mostly steady. Price ranges include good and choice fed steers 21.00 to 24.50 commercial to low good 17.00 to 20.00, heifers 19.00 to 22.00, cows 12.00 to 15.00, canners and cutters 10.00 to 11.50, bulls up to 15.50, and select dealers up to 23.00.
Chicago and New York market reports show butter receipts to 1 423 737 pounds and 440 722 in New York with steady to firm trends. Eggs and cheese hold steady with mixed colors and various weight classes, while live poultry and potatoes display mixed stock levels and firm demand in Chicago and on the U S market.
The article notes that constructing the flight deck of an escort-type aircraft carrier requires about 200000 board feet of lumber, an amount sufficient to build twenty houses.
A broad stock market rise lifted many secondary issues Thursday with gains from one to over three points. Trading volume was around 3 million shares as the market showed broad strength across industries and blue chips.
Marion board of education voted to raise teachers' annual salaries by 200 dollars at a Monday meeting. A teacher committee including Joel Herbst and several Mrs. and Mr. members supported the increase as satisfactory to the faculty.
Prices on the Cedar Rapids hog market were steady to a quarter higher Thursday. Following are the prices paid for hogs delivered at the Cedar Rapids plant.
Wheat rose in late trading as reports of high winds and dust storms hit the Southwestern winter belt. Corn weakened on heavy receipts, while oats fell and rye edged down. Soybeans moved mixed, and lard held steady to lower. May prices cited for all grains and products.
Wheat and corn futures provided mixed signals with No 2 and No 3 classes trading around mid eighties to low one dollar ranges. Soybean products showed soybean oil and meal near sixty dollars and meal at fifty nine fifty. Barley values appeared nominal with malt extract and feed varieties listed at around one dollar and twenty to forty cents.
Iowa 180 state owned liquor stores will close Friday for inventory and reopen Saturday with prices up about 5 percent. The hike, recommended by the senate ways and means committee, would raise state revenue an estimated 1.85 million dollars annually in liquor profits.
Ed Kirby is named to the Oelwein City Council to succeed Dewey Miehe who lives outside the First ward and was ruled ineligible to serve. The council also passed a resolution to annex 160 acres of land into the city limits.
United Air Lines filed with the Civil Aeronautics Board for a six percent reduction in air freight rates on cargo over 440 pounds between Cedar Rapids and Hawaii. If approved, the rate would drop from 70 cents to 66 cents per pound starting April 1.
Iowa City move to fund college buildings by borrowing money was killed by a joint legislature committee. The plan would have used half the receipts from tuition and fees to retire debt for new buildings, currently requiring cash-only construction. An anonymous source said the proposal was rushed and might be revisited by a future legislature.
A $10,000 check was given to Waverly citizens for solving the housing issue involving Air Force Captain Virgil Daniels. Paul G. Hoffman presented the award at a ceremony with about 800 attendees, calling it a historic first. Mayor Osincup remarked the faith and international significance of the action. Race and character were noted as unrelated to color.
A coaxial cable was dynamited near Columbia South Carolina on Thursday. The Southern Bell Telephone Company said about 1 000 circuits were knocked out in the strike.
Community notices include condolences from the Jandl family and a list of memorials for mothers and grandmothers. Various service ads offer bookkeeping, tax returns, water well drilling, landscaping, painting, and part time job listings with contact numbers and locations around Cedar Rapids.
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