Financial and Market News Snapshot
Open and close figures for major stock indices and key market sectors. Daily activity highlights gains and losses with brief notes on notable movers, earnings releases, and economic indicators influencing prices.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 02, 1947
Page
15
Open and close figures for major stock indices and key market sectors. Daily activity highlights gains and losses with brief notes on notable movers, earnings releases, and economic indicators influencing prices.
USDA and AP report Friday receipts: hogs 400, cattle 300, sheep 2,000 in Chicago. Hog prices eased to near week lows with some weights under 250 lb down. cattle and calves mostly steady to firm, with good to choice steers reaching up to 26.00 and vealers around 22.50 to 25.00. Sheep and lambs also steady with bids near prior levels across Omaha and Sioux City markets.
Cedar Rapids hog market reports prices on 180 to 240 pound hogs up a quarter, with top prime butchers at 22.00 and packers at 18.00. Steers vary by weight from 12.50 to 33.00, cows and bulls listed with mixed weights and values, and sheep and lamb markets show premiums for good to choice lambs and shorn wool lambs. Also notes on poultry, dairy, and general produce prices across the market snapshot.
New York markets surged with heavy trading as Chrysler outshined peers after a doubled dividend and stock split proposal. The Dow areas showed uneven gains while rail issues moved ahead in a narrowly steady session with mixed volumes and broad participation.
More than $3,000 was raised at the Band Boosters Jamboree in Manchester this week to buy new uniforms for the high school band. Patsy Boots, 17, daughter of Mr and Mrs Jerry Boots, was crowned queen of the carnival held in the school gymnasium Wednesday night.
Chicago market shows May wheat up as much as six cents before selling in the pit late. May wheat settles 16 34 cents lower at 2.62 34 to 2.61 34. Corn falls about 1 1 4 cents to 1.64 44. Oats and barley quote with various bids. Yesterday’s quotations list No 3 yellow corn 2.70, No 1 white oats 1.00. Field seeds priced per catalog with red clover and timothy among listed values.
Chicago and New York produce markets show mixed movements with varied receipts. Idaho russets and Minnesota Red River items solid, California demand fair but weaker, New York eggs and butter hold but ease slightly, cheese receipts steady at unchanged prices.
C A Cramer at Mercy hospital not allowed visitors. Mrs. Royal Hughes recovers at home after surgery. Sgt. John E Weiland home on terminal leave after 14 months in Europe. Shueyville church services at 9 30 am and school at 10 30 am. Townsend Victory club 8 meets for supper and social hour. Second district Townsend clubs meet at 12 30 pm for dinner and council. Sam D Goetsch of Decorah to speak. Postal Inspectors Snodgrass and Monroe back on duty after three months away. Swisher church in Swisher school house Sunday 10 am Sunday school and 11 am worship. Rev Paul R McDowell to speak on baptism.
The Regional Labor Relations board orders clerks and dealers at Wilson & Company to hold an election on May 7 to decide if the United Packinghouse Workers of America CIO will be their bargaining agent. L. G. Smith of 829 Twenty-first Street SB departs Saturday for Washington DC to attend a national fire protection conference. Samuel Alfred Westcott of 317 Sixth Avenue SW dies Wednesday. services set for 2 p.m. Saturday at Beatty chapel, Rev. Merton B. Green officiating. Burial at Cedar Memorial cemetery. friends may call.
Pie Herbert E. Richmann son of Deputy Clerk Herman E. Richmann of the Federal court has departed by plane for overseas duty in Germany. He completed counter intelligence training at Camp Holabird near Baltimore and has been at Camp Holabird prior to deployment.
Kilmer New Jersey unit awaiting orders with detachment headed to London then Germany. Dr C Ward Macy economics professor represents Coe College at a Centennial convocation today and Saturday at Rockford College Illinois, also joining a social science conference linked to the centennial. Dr Alice B Salter sociology professor attends a college instruction conference on Far Eastern areas at Iowa University Friday.
Ed Kouba, operator of Kouba service station at 3102 Mt. Vernon Ave SE, reported a burglary during the night of April 30. A rear window was broken and the office door forced. the cash register and Coca Cola machine were opened though no money was taken. Burglaries also hit Skaff Food Market and Spear Bros. Skelly Service Station this week.
Western Fire and Casualty Insurance Co. of Fort Scott won blanket insurance rights for all city vehicles with a bid of 1,267.18 dollars. Other bids were American Automobile Insurance Co. of St. Louis 2,297.83 dollars and Farmers Auto Insurance Exchange of Kansas City 1,810.48 dollars. The council referred paving on Twenty third street SE to City Engineer Frank Young. The Rompot addition residents asked for street grading and lighting, referred to the public improvements department and engineer Christ. Calvert Holy church was granted a tag day with an open date. May 17 or June 14 were requested. Class C beer permits granted to Olga Cambridge, Herman A Maeis, Frank G. Drahovzal, and William Moses. Class B to Jerry Chalupnik. Cigaret permits issued to Edward J. McGuire, Charles Roberdee, and Lawrence Yount, with three surrendering permits by Gilmore, Moses, Stockberger.
In memory of our mother Mrs Frank Krause one year after her death. Lost items include a gray Portis hat, Judy's wristwatch Marian O'Brien engraved on back, black billfold with receipts, a lost cross marked cocker spaniel, and a purse with money. Also missing mares near Marion and a camera in Bever Park. Contact Owen Hanson, 3261 Coe college, or others listed with rewards. Also several local services and ads for jewelry, repairs, and local events.
Palo resident Thomas F. Young pled guilty to reckless driving and was fined 100 dollars plus costs in traffic court Friday. Patrolman Jack King reported the chase began Thursday night after he observed an erratic car and stopped a taxi to aid in apprehending Young’s vehicle on First avenue near the First avenue bridge.
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