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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 04, 1946
Page
6
New York AP reports a cautious market with selling pressure across motors, rubbers, steels and blue chips causing fractional declines. Trading volume neared 500000 shares as losses were limited in some areas.
The Saturday stock market prices will be listed on Sunday's financial page, detailing the latest quotes.
Rail issues shifted to mild selling pressure on Saturday as carriers hit new yearly lows. U S governments held steady in the stock arena and over the counter market with limited decline.
Unofficial Monday estimates show cattle 13 000 head and hogs 10 000 with steady prices. Saturday unloads were light and sheep arrivals scarce. Hog top quoted at 14.85 with varied lots at 12.25 to 14.85, while Omaha reports mixed cattle and calf prices and sparse demand for stockers and feeders as market tones remain firm to easier on certain classes.
Slaughter hogs firm at ceilings with barrows and gilts at 14 50, sows 13 75, feeders steady to 15c lower. Cattle futures higher with steers and heifers up 25c, best 17 65 for prime 1 272 lb, cows 25c higher to 14 50, stockers steady. Lambs mixed, good and choice woolskins 15 00 to 15 75, ewes 25c higher, feeding lambs softer around 15 50 to 16 26.
USDA cattle receipts show calves salable none versus Friday. Slaughter steers and heifers steady to 50 cents lower. cows and bulls 50 to 75 cents lower. Vealers steady. Stockers and feeders 25 to 50 cents lower. Bulk good to choice beef steers 15.50 to 16.90. loads up to 17.65. Heifers and yearlings 15.25 to 16.75. some loads 17.35. Medium to good cows 12.50 to 13.85. most common and medium 9.25 to 11.50. canners 6.75 to 9.60. Bulls 11.50 to 13.50. good to choice dealers 14.50 to 17.00. Stocker steers 15.25. 585–650 lb loads 16.90 to 17.15. Mixed breed steers 13.75 to 15.15. stock cows 10.50 to 12.50.
Combined receipts in interior Iowa and southern Minnesota for 24 hours ending 8 am Saturday totaled 23 000, down from 31 400 a week earlier and 22 200 a year ago. Active at ceiling prices. Barrows and gilts 160-180 lbs 13.75 14.45, 180-360 lbs 14.20 14.45. sows 270-400 lbs 13.45 13.70, 400-450 lbs 13.45 13.70, 450-550 lbs 13.40 13.70.
May rye jumped 5 cents to a new record, the third straight daily limit rise. Oats firmed with the rye advance. May rye closed at 2.775s, up 5 cents while oats finished unchanged to modest gains. Wheat corn barley and deferred rye were unchanged at ceilings. Chicago cash provisions listed oats, barley, and forages with nominal prices.
Contents note varied prices for cheese and dairy products with multiple lots. Entries include a cE. cars 44c, extras 1 and 2, and prices around 35c to 36c for different items. A last line mentions a bid at 2c per pound and an auction context in Plymouth and Chicago.
The Cedar Rapids market lists top hog prices Saturday with prime butchers at 14.45 and packers at 13.70. It shows grade by quality and weight, with cattle and calf markets, grain prices, and various livestock quotes, plus lost and found notices and local ads.
Tens of thousands of San Franciscans blocked city streets Friday to watch the battle to quell the revolt of convicts at Alcatraz. Police closed Coit Tower area and the Marina to parking as binoculars carried crowds.
Wisconsin cheese industry representatives will meet May 15 in Fond du Lac to discuss a ceiling price on cheddar cheese. Spokesmen doubt the current price will attract the government’s planned 120 million pounds of cheese under the four month set aside program.
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