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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 01, 1946
Page
2
Chicago observers report ceiling cattle back in the market for the first time in 10 days with top offers at 18 dollars for a load of 1 404 pounds and 17 90 for 1 187 pounds. Hog receipts remain strong with 6 500 salables and 7 500 packers moving near ceiling prices as weights trend downward and sheep sales rise up to 25 cents.
Hog receipts reached 6 500 with total 14 000 and ceilings set at 14.85 for barrows and gilts and 14.10 for sows. Cattle saw 5 908 receipts and 8 000 total, with steer prices up to 18.06 and best fed heifers around 17.00, while cows and bulls showed softer tones. Sheep receipts 1 500 and total 2 500 with steady to 25 cents higher, quotes for western lambs near 16.25 and yearlings around 12.85.
Receipts total 6300 cattle with calves and yearlings mixed. cattle market steady to firm with some gains on yearlings. Hogs 5500 head active and firm with barrows and gilts around 14.56. sows and stags at 13.75. Sheep and lambs numbers about 3400, demand strong for fed lambs and woolskins 15.25 to 15.75, slaughter ewes steady.
Omaha market notes show hog receipts 4 900 active at ceiling and calf and steer movements. Hog prices near 14 50 and 75 for certain lots. cattle: calves salable. fed steers and heifers steady to strong. cows light, bulls steady. stockers slow. Sheep receipts 500 with ready demand for slaughter and replacement lambs. wooled lambs around 15 50 to 15 75. No. 1 fall shorn belts around 15 25 with some 7 0 on ewes.
Combined hog receipts at 19 concentration yards and two packing plants in interior Iowa and southern Minnesota for the 24 hour period ending 8 am Wednesday totaled 3,000 versus 39,600 a week ago and 26,700 a year ago. Prices at ceiling included good and choice barrows and gilts from 160 to 450 pounds with quotes around 13.45 to 13.70 per hundredweight.
Salable receipts around 600. total 2700. Slaughter steers heifers and mixed yearlings mixed. trade slow and weak for all classes. Vealers and calves steady early. packers slow. About half sold early with low to medium quality offerings. Prices mostly in the 13.00 to 15.25 range for various grades. cows and bulls also mixed with some odd lots and wide spreads.
Fragmentary price data from Des Moines markets shows varied figures for meats and livestock daily. The readable items include per pound or peck figures and machine totals, with several entries unreadable. The brief snapshot reflects continuing fluctuations in regional meat and livestock pricing.
The stock market drifted through a calm Wednesday with special situations at center stage. Liquor shares faced pressure after a grain use restriction on distillers, though some law changes offered partial relief. Overall gains and losses were mixed as about 1,000,000 shares changed hands near the close.
May rye rose on fund covering in thin activity with few trades but broad price moves. Oats firmed late in sympathy after early moisture reports while wheat corn barley and deferred rye held steady at near ceilings.
The day features heavy buying lifting market quotes Wednesday after a Tuesday selling wave. Investor demand centers on individuals with scattered interest from Wisconsin while Cedar Rapids hog and cattle sections show ceiling prices and mixed livestock values across weights and grades. Prices for eggs, poultry, and produce vary widely with fruits and vegetables listed including celery lettuce oranges and grapefruit alongside beef and pork items.
Attorney General Clark accused supporters of removing controls over building and related industries to favor private monopoly. He spoke at the 34th annual United States Chamber of Commerce convention where a resolution opposed federal housing construction and favored fewer restraints on private builders. The Chamber directors also sidelined a proposal to repeal the Wagner Act, though backers may resurrect it at the convention.
Washington officials sought 51 000 men for induction in May to fill the armed forces, down from April’s 125 000 quota. Hope was slim due to a 145 000 lag since V J day, with about 17 000 inductions in the first two weeks of April. If met, the call would send 50 000 draftees to the army and 1 000 to the navy.
Major Harry E. Hoch senior army recruiting officer in the Cedar Rapids district will leave Friday for a three weeks course at the Adjutant General's school Ft. Ogelthorpe Ga. Capt Frank E. Hammond will run recruiting offices during Hochs absence. Hoch said two local men have been accepted for army duty at Ft. Snelling George C. Filling Route 4 Cedar Rapids and Robert P. Meadow of Onslow.
Knapp and Company Cedar Rapids joins Cruttenden and Company Chicago and First National Bank Lincoln in underwriting 46 050 shares of Curtis Companies Inc Clinton stock. Curtis, founded 1866 in Clinton, has grown from a small planing mill to a large maker of stock woodwork for homes.
City Briefs note Dr. R. M. Laughlin opens his practice at 205 Garanty Bank Building for medicine and surgery. Palestine Council No. 27 records Royal and Select Masters work Friday after 7:30 pm at Masonic hall with refreshments. Veterans of Foreign Wars Post 788 and auxiliary host Sunday events with auxiliary meeting 1:30 pm in Montrose hotel Crystal room led by Mrs Addie Campbell.
Navy recruiting chiefs reported four Eastern Iowans enlistment including Cedar Rapids man William R. Burks and Iowa City resident Kenneth H. Kent. The others are Werner P. Hansen of Clarence and Lloyd C. Harrah of Montour, all en route to San Diego for basic training.
AP report shows eggs firm with mixed colors selling at 37.9 to 38.6 cents per pound for extras No 1 to No 4. Medium and standard items range from 35.2 to 37 cents with current receipts around 35.2 cents and dirties at 34.2 cents. Butter receipts total 806,970 with prices unchanged across the board.
Chicago market notes receipts and pricing for butter cheese and poultry. Butter receipts about 230 tubs with various scores around 46 to 45 cents, cheese at 25.2 cents for twins and 26 cents prints, poultry steady to strong with prices for broilers fryers and ducks listed, and overall supplies moderate with demand slow for northern stocks. Idaho russets show mixed strength with No 8 price around 3.40 dollars and other seed stock prices noted.
Prof. Thomas K. Fitz Patrick of Ames urged practical remodeling at Coe College. He advised simple repairs first, careful surveys for major changes, and considering structural, roofing, painting, and cost impacts to maintain building value.
Linda Angell seven years old of 731 Memorial drive SE suffered bruises and scratches after running into a car in front of her home around 6 15 p m Tuesday. Raymond Bextine of 627 Twenty ninth Street SE was driving and told police the girl ran out from behind a shrub into the car.
The Office of Price Administration announced indefinite suspension of price controls on all canned, frozen and preserved berries and berry products except cranberries. The move, approved by Stabilization Director Chester Bowles, follows a government estimate that the 1946 berry crop will be 35 to 40 percent larger than last year, easing shortages.
The Marion Business Girls club entertained the Marion Lions club at the Legion hall Tuesday evening with 96 at tables decorated with spring flowers. Col. R. A. Lancaster spoke on Selective Service. A radio broadcast program featured Ruth Marie Schueler Winifred Perkins and Arminta Davidson. Music by Anna Mae Nollsch Frances Rees Doris Scott with Arlyss Brown on piano. American Legion auxiliary served the dinner.
A tag day for the Iowa Children’s Home society will be held in Marion Saturday to fund work finding homes for dependent children. Mrs. Walter Reinsch will lead with headquarters at the public library. The event has approval from the Chamber of Commerce and a committee including Mayor John C. Mullin and several local leaders.
Wesley W. Wright was issued a permit for a new house at 421 Twenty-Sixth Street by city clerk Mildred A. Titus. The project budget is listed at $3,000. A separate permit covers a $300 kitchen remodeling at the O K Drive In by W F Todd.
Mrs Ida Koppenhaver and her sister Mrs Harry Dodd of Tipton are summoned to Ansley Nebraska by the death of their sister Mrs Elizabeth Staab on Tuesday.
Janet Gordon is elected president of the Iyopia Camp Fire group with Nadine Manson as vice president Jeannine Murray secretary and Merlene Knight treasurer. The 16 member group will hold a nature hike Saturday morning.
Frank Lombardo aged 20 received a minimum 40 year prison term for the rape and attempted slaying of 7 year old Rosalie Giganti in Detroit on January 27.
Secretary of the Navy Forrestal told the Senate Naval Affairs Committee he opposed army navy merger plans that would place a supreme chief of staff and concentrate power, risking civilian control and unbalanced budgets. He warned submarine subordination of naval air power and cited wartime British fleet limits as a cautionary example.
Four young soap salesmen from Milwaukee were held at the Cedar Rapids police station after their car, a 1942 Wisconsin-registered auto with a 1943 sticker, rammed another vehicle at Eighth Avenue and Third Street SE. Patrolman Overman said the brakes were defective. the youths were released after showing credentials. Names listed: Joseph Sorrenti 19 Louis Kozlowski 18 Carmelo Greco 19 Martin Golden 17.
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