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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 09, 1941
Page
17
In Chicago slab hogs rose up to ten cents with receipts shrinking versus last week. Fed lambs and fed steers held steady as cattle and sheep prices show mixed movement across a large, grain-quote laden report.
Salable receipts total 3 600 cattle 11 400 hogs and 1 500 sheep with bids leaning steady to firm. Slaughter steers and yearlings opened steady after a wide range with bulls strong. cows and heifers steady to firm and stockers ample. Hogs uneven but near steady with bids around 8 60 to 9 00 for selected lots. sows offered but little activity. Sheep limited demand with undertone about steady around small offerings.
Salable receipts cattle 400 calves 25 largely small lots. Feeders scarce. beef cows 7.00 to 18.00. feeders to 11.00. top yearling prices around 11.09. Hogs receipts 2300 fairly active. top 8.65. suitable sows 7.65 to 9.50, feeder pigs 8.50 to 19.00. Sheep receipts 1000 no early fat lamb action. fed wooled skins above 11.50. good and choice fed lambs 9.50. slaughter ewes around 5.50.
Salable hog receipts 1,400 with strong demand. under 200 lbs high shipper demand. liveweight ranges from 8.00 to 8.60 for various brackets. Cattle receipts 50. good fed steers around 10.00. cows 8.50 to 9.38. bulls 8.35. Calves 10.50 to 11. Sheep and lambs scarce. native spring lambs up to 11.50. old crop natives 11.00 or less. shorn sheep 9.00 and below. wooled ewes 3.50 to 4.00, wool prices noted.
Slender gains noted in local pork market as prices rose slightly after a Thursday dip. The report shows bids for hogs by weight class from 140 pounds up to over 500 pounds and includes farm names and market codes with per hundredweight prices, plus a lambs line and quality-based adjustments.
Market listing from Cedar Rapids shows prices for grains including Wheat No 1 and No 2 Ac, Oats White No 2, Rye No 2, Barley No 1 and 2, Corn shelled New No 2 and No 3, Soybeans New No 2 at 112 per bushel, plus straw baled at 18.00. Hens and poultry priced per pound, fruits and vegetables with California celery at 32.80 and Strawberries at 4.25 per crate, Winesap apples at 1.95, and hides and leather values including cured hides around 50 cents to 2 dollars per unit.
New York reports a cautious trading session with small gains and losses across most issues. Leaders moved carefully from the open, with occasional rallies but many stocks lagging. commodities revival and expected federal loans buoyed sentiment. Anaconda Kennecott American Telephone and J C Penney gained modestly while U S Steel Bethlehem advanced. Douglas Aircraft declined. General Motors and Chrysler held steady. Texas Corporation and United Air Lines slipped.
Wisconsin cheese quotas for May 5 to 10 are listed with prices for storage and varieties including Dalsies and cheddars. Wool market in Boston shows steady to strengthening prices with Australian wools around 1.00 to 1.06 per pound scoured, and South American wools rising, with territory wools bid around 1.00 to 1.04 scoured basis.
Wheat futures on the Chicago board rose Friday with deferred months at new season highs. Corn and soybeans also advanced, with all corn and deferred soybean deliveries reaching fresh seasonal peaks. May wheat and soybean contracts matched season tops in the close as buying grew amid loan talk and cotton strength.
Chicago and New York produce reports show poultry and eggs receipts, butter and cheese prices, and potato shipments. Prices vary with grades and regions, with market steadiness to firmness for potatoes and mixed trends for eggs and butter across regions. No single firm outcome. regional price levels and stock status noted.
New York bond and stock trading showed utilities outperforming as power and communications issues attracted buyers. International Telephone 433s and Ss jumped over a point, with gains linked to defense production and Latin American trade, while government securities remained steady and rails fluctuated.
Greek Metaxas line, called the Balkans Maginot, withstood frontal blows from German shock troops. Reporter Josepi V Grigg Jr. describes fortified clusters of steel and concrete forts along the Rupel pass near Salonika, carved into Rhodope mountains and linked by subterranean tunnels.
Roy A. Nanke and David Monroe filed federal bankruptcy petitions listing debts and assets under the wage earner plan. Sacred Heart court and St. Patrick's parish juveniles to receive communion at 7:45 am Mass on Mother's Day. Camp Fire Girls event featured two reels shown to High Twelve club. Jane Garwood led the program. City Board of Review adjourns to reconsider assessment protests, reconvening May 20 at 2 pm.
Donald C. Morris, son of Mr and Mrs C C Morris of 887 Daniels St NE, elected president of the University of Iowa chapter of Pi Tau Sigma honorary mechanical engineering fraternity. T Cyril Noon, son of Mr and Mrs James Noon of 390 Fifteenth St SE, named vice president. Both are juniors in the College of Engineering.
The Cedar Rapids Junior Red Cross schedules a 10 am Saturday picnic at the Bever Park big pavilion. Mrs. R A Donahue and Mrs. John J Keith announce Marion unit leadership and several Marion Junior Red Cross members will attend. About 50 guests expected. Attendees bring lunches. ice cream provided.
Cedar Rapids Airways received a $6,840 commitment from RFC for a new training plane. President Dan Hunter was unavailable for details as he was out of town.
Marion residents gathered for the Westminster guild annual banquet in the church parlors. Helen Burt and Rachel Hatch prepared decorated placecards and programs. Toastmaster Pluma Terrill led the event while Jeanne Russell received a gift before leaving Marion.
Advertisement notes Fry’s Milk Bar is now open for business with a formal opening to be announced. The Tennyson club held its annual May breakfast at Mrs L E Storm’s home with ten members, planning a picnic luncheon for May 20 at 1 p.m. at Miss Emma Klein’s house.
Nine crew members of the Dutch freighter Prins Willem II were saved by the British steamer Tuscan Star after eight days in lifeboats. They survived with one chocolate bar and two days of water, while winds separated the boats. The rescue included Capt. dan van Emerik and a mix of Dutch and British sailors.
Washington insiders say proposed federal gasoline tax increases would fall hardest on low income groups. Industry spokesmen told the House Ways and Means Committee that higher taxes would worsen costs for workers and farmers who rely on autos. They cited total auto taxes at 1.826 billion yearly and that the federal share at 347 million would rise by 225 million under the proposal.
AP report quotes Col Kunio Akiayama, official spokesman for Japan's forces in China, saying the Japanese army cannot catch the Chinese and that the continental arena is large. He adds that if the Chinese go on the offensive, Japan is confident in trapping and annihilating them.
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