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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 10, 1942
Page
18
Wartime production must rise through united goals across groups, argues Merryle Stanley RUKEYSER. A proposed “general staff” of business would align associations toward a shared plan for victory, inflation control, labor issues, and fair taxation, while postponing domestic disputes until after the war.
Reports indicate an average of seven vecoola and five churches burn each day across the United States. This statistic highlights recurring destructive incidents affecting religious sites and related structures nationwide.
Wheat closed uneven on the Chicago Board of Trade after a daytime rally from a slow start amid farm legisla tion uncertainty. May wheat finished at 12.24 where quotes moved between fractional gains and losses while corn, oats, soybeans and other grains also traded with modest changes. The Canadian government announced wheat plantings near 21.312 million acres, down about 3 percent from last season, with shipping demand described as slow and fats/oil ceil ings reportedly influencing soybean bids.
Chicago receipts show butter and eggs markets easing with various grade prices and carloads. Potatoes and cheeses display mixed national prices with Idaho russet and other state cash values. New York dressed poultry and live poultry markets tighten with range for hens and toms and regional cheese quotes overall steady to higher.
A fragmented finance note reports Dow Jones averages and futures with mixed moves. It lists sectors such as industrials utilities and railroads with minor price changes and several ticker figures, including BEKM RR and Industials, alongside transaction counts for stocks.
The article notes that modern aircraft engines use a variety of nontraditional components beyond metals. It highlights even common items like phone books erasers and nails as examples of unexpected materials found in production and maintenance.
A Cedar Rapids market listing details mixed grain商品 prices No. 1 wheat 96e No. 3 4c oats 3 Sic No. 2 rye 6c No. 2 yellow corn and beans prices for straw poultry and fruit and vegetables with weights and units and animal hides and horse prices.
New York shares rallied as reports of Japanese fleet losses in the Coral Sea boosted market sentiment. Despite some profit-taking, averages closed higher for the ninth of the last ten sessions, with volume reaching 208,000 shares on the largest Saturday since March 7. Chrysler and General Motors led gains while Bethlehem and U S Steel lagged.
AP report from Sioux City lists cattle prices with medium and good fed steers at 11.25 to 12.75 per cwt and hgs top at 13.85. Slaughter steers and cows show steady to higher quotes. hogs and sheep receipts small with mixed prices and some fat lambs and wool lambs offered. Canners and cutters noted around 4.50 and stock tools steady.
WPB Chief Donald M. Nelson estimates the United Nations already exceed the Axis in armaments output. Allies reportedly produce about seven billion dollars monthly vs six by the Axis, with 1943 goals seen as likely to surpass prior totals.
Receipts 100 hogs with lean barrows quoted to 110 per cwt and total top 141.5. Cattle receipts 100 calves none. fed steers higher, heifers and cows steady, top steers 1650, yearlings to 1875, best heifers 1465. Sheep receipts 60 with fat lambs around 100 plus, woolskin wool fat ewes to 850.
Receipts from 19 yards and 11 packing plants in interior Minnesota and southern Iowa for a 24 hour period ended Saturday show hog numbers at 32100, up from 25700 last week and 231000 year to date. Prices listed for various hog weights range from 12 to 33 dollars per hundredweight with mixed grades including good and choice sows and barrows.
Austin Minn AP reports hog price ranges by weight, listing gond butchers at 11 to 13 dollars per hundredweight across 140 to 500 pounds, with varying quotes for 150 to 500 pounds and special notes on packing. A closing line discusses large-scale steel, iron, and woolen material quantities.
Lamson Brothers supplies grain quotations with contact details for Chi cago and Cedar Rapids offices led by manager R Mowrey. The note lists phone number 2-3141 and 503 Merchants National Bank building as the Cedar Rapids address.
Americans face a shift from plenty to limited civilian goods as wartime production prioritizes military needs. Leon Henderson says civilian living standards may lag behind 1932 depression levels for years while the War Production Board cuts gasoline use and transportation constraints tighten. The Office of Defense Transportation gains power to limit nonessential vehicle use and rail and bus capacity may be rationed. Senate committee weighs authority to seize automobile tires and cars to conserve rubber for the war effort.
Chicago AP reports the livestock market steadied with improved position in most sectors, sheep leading gains while hog sales were light. Top hog price held at 14.10 per hundredweight. average price about 139.2. cattle saw mixed moves with steers and yearlings up 25 cents, while weights and sows varied. Fat lambs and sheep rose modestly. woolskins hit 15.20, the highest since 1929.
Linn County records show 147 mortgages totaling 349 708.02 in April, the lowest April total since 1936. Conveyances reached 277, compared with 373 in May 1941 and 197 mortgages totaling 607 125.14.
Local hog market remains steady with no changes in quotations for the second day. Long-haul top price holds at 13.80 while lamb and ewe ranges show mixed weights and prices from 4.00 to 6.25 per pound, reflecting overall steady demand.
In New York a selective rally in rail loans and Latin American bonds lifted prices. Gains ranged from 1 to about 3 points in Cuba Northern railroad issues and in Buenos Aires Panama and Sao Paulo bonds. Total face value traded came to 3.87 million dollars, up from 3.43 million the prior Saturday.
Cedar Rapids bank clearings reached 1 840 490 25 for the week ending May 9, up from 1 433 952 49 in the same week last year, the Clearing House report shows. The week ending May 2 recorded 1 611 305 43.
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