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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 03, 1949
Page
2
Market reports show live hogs steady to 25 cents lower, cattle mostly steady to 75 cents lower, and sheep steady to 25 cents down. Receipts around 8,000 hogs and 11,000 sheep with bids trimming on demand. top steer prices near 26.75 with varied loads and cow values range down to around 13.00.
City Attorney Moyer to draft ordinance regulating trailer camps and a resolution of necessity for crushed rock and oil surface on Eighth avenue between Twenty-second and Twenty-fifth streets. April receipts reported. finances show April balance of 50,624.21. Various local notices, events, and personnel updates follow.
The New York stock market barely held its ground on Tuesday with faint downward tendencies but selling pressure not enough to push prices lower by more than fractional amounts. Trading remained moderately active and many issues stayed near Monday’s closes or advanced slightly.
Cedar Rapids hog market reported prices down a quarter with prime butchers at 17.75 and packers at 15.75. The grain and livestock listings include various weight classes for hogs, cattle, calves, sheep, and market quotes for wholesale fruits and vegetables.
Wheat led a broad rise in futures as mills bought against flour orders to Italy and anticipated purchases by Norway and Holland. May wheat climbed to about 2.19 a bushel with May corn and other grains following the strength, and soybeans edged lower while lard fell.
Salable cattle receipts total 7 800 with calves 25 pounds and slaughter cattle uneven. weights range to 1 100 pounds and bids weaker. Heifers and beef cows mostly unchanged while canners and cutters slow. Stockers and feeders steady to easier with medium to good steers selling around 22 75 to 24 24. beeves 24 50 to 25 00. good to low choice 1 200 lb steers 25 00. medium and good heifers and yearlings 21 50 to 24 00. medium and cows 14 50 to 17 50. Scattered sales show stock steers 21 50 to 23 50.
The notice lists wheat prices for No. 3 red at 2.35 and No. non at 9 y cents, all futures and sampling terms included. It also cites oats at about 1.08 to 1.38 and corn at 1.38 with sample grades and warehouse notes.
Des Moines reports Tuesday receipts estimated at 33 000 hogs for the week about 32 000 the prior year with 49 000 actuals Monday. Receipts include southern packing, out of state shipping, and country buying stations. Prices listed by weight range show heavies at around 30 to 17 dollars per hundred pounds and lighter hogs at mid teens with varying quality grades.
Orrs HOGS listing shows price per hundredweight across weight bands from 170 to 550 pounds. Prices range from about 15.75 to 16.75 per cwt for midweight hogs with sow lots and larger weights priced lower around 14.00 to 14.50 per cwt.
Chicago UPI live poultry receipts show 24 truck arrivals with steady market and varying prices for colored, white, grey, and cross crosses, while turkeys, ducks, geese and mus coveys fetch diverse quotes. Carrots and potatoes express unsettled trends. overall U.S. shipments total 859 with light supplies and steady to firmer demand on top stocks. Idaho Russets and California varieties join price ranges. Lone stocks list specific sack values.
New York reports steady butter at 93 with 60 percent fat and eggs steady with mixed weights. Butter and egg prices show small changes or no change across several grades and sizes, while overall pounds traded reach 639,931 with prices unchanged.
Kansas City cattle receipts reach 5000 with calves 300. fed steers 1000 lbs down 25c. light yearlings and heifers active and steady to higher. cows uneven and bulls unchanged. Several loads high good choice fed steers around 25 25 to 25.50, fed heifers 25.50, medium beef cows about 18.00.
Fragmentary water column note from Waterloo desk mentions a 25 cent figure and top Sei 28, with stray letters and numbers. no clear event, date, or person identified.
Russell A. Marlick resigned Tuesday as secretary of the Michigan Used Car Dealers Association citing widespread scorn for buyers. He warned many dealers view prospects as suckers and prioritize today over tomorrow, saying the trade is driven by self interest and pursuit of quick profit.
General Omar N. Bradley told the Senate Foreign Relations Committee that the North Atlantic Pact places U.S. defense frontiers in the heart of Europe. He urged quick approval of the treaty and the arms-for-Europe program to deter another occupation and prompt nations near the frontiers to join in shared defense.
New York based Phelps Dodge Corporation announced a price drop for copper to 20 cents per pound from 23.5 cents. It marks the first price reduction by a copper producer. The company is listed as a leading primary producer in the sector.
Federal Judge Michael Igoe signed a decree exonerating the Texas Oil Company from 46 alleged over charge violations of OPA regulations during 1944. The ruling clears the firm of alleged misconduct in wartime price controls.
Members of the Middlewest Motor Freight Bureau will meet May 10 in Cedar Rapids to revise interstate tariffs for submission to the Iowa Commerce Commission. About 30 freight association, Chamber of Commerce and truck line representatives are expected, according to Grant Maples.
Five year old Sandra K Franks of 1420 Mt Vernon road SE suffered minor cuts and bruises after being struck by a car in front of her home shortly after 6 p m Monday. She was taken to Mercy hospital. Driver John Sears of 711 Twelfth avenue SE said the child darted from between parked cars and he could not avoid her.
A collage of lost items and ads from Cedar Rapids area: wristwatch, shell rim glass tan case, Bilefold gadget, sofa pieces, rings, and a truck tarpaulin lost between Iowa City and Springville. Contacts include N R Opfer Springville IA, 0 3 1276, 2 4807 after 5pm, plus several service ads and notices scattered throughout.
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