Hogs Steady to 25 Cents Higher in Chicago Market
A strong shipper demand lifted the hog market with prices steady to 25 cents higher. No cattle sales were reported in slaughter steers.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 11, 1962
Page
1
A strong shipper demand lifted the hog market with prices steady to 25 cents higher. No cattle sales were reported in slaughter steers.
Chicago buyers took in 5 500 hogs with most butchers paying 25 higher. Prices ranged for 190 225 pound butchers at 16 25 16 50 while mixed 1 3 180 230 s at 15 75 16 25 and 230 260 s at 15 25 15 75. Loads around 550 pounds and mixed 1 3 375 575 pounds sows 12 50 13 75. Cattle 400 with no calves. commercial cows 15 50 17 50. Sheep 200 with good choice 105 pound lambs at 18 00 and small faired lambs 15 00 16 00.
Des Moines market notes uneven prices with some up to 25 cents higher and lower than Thursday. Friday receipts estimated at 50,000, week ago 50,000, year ago 46,000, Thursday 57,000. Prices listed for butchers and sows across weight ranges from 11.35 to 15.40 dollars per cwt.
Meat market rates show fresh prices per hundredweight for various weight brackets from 170 pounds to 400 pounds. Sows and barrow ranges included with values in dollars and cents, though OCR errors obscure some figures.
Cattle market report from Sioux City notes all classes steady. Calves none listed. Choice steers bring 75 to 50 with top at 26.15 while load lots of choice heifers average around 25.50.
UPI reports moderate trade in Omaha calf markets with 1000 head of calves unavailable. Slaughter steers steady with good and choice steers priced 23.75 to 25.60 per hundredweight and loads at 26.00 per hundredweight.
Friday Cedar Rapids hog market prices held steady with Thursday's trades for 200 to 230 pound butchers at 14.25 to 15.25 dollars and 1s and 2s 14.75 to 15.25. Heavier hogs above 230 pounds were discounted 15 cents per 10 pounds to 300, with further weight group deductions from 360 to 500 pounds, and over 500 pounds by 75 cents per 50 pounds.
Delta farmer Peter Kiefer, 80, was injured in a tractor accident on his farm three miles northeast of Delta. He suffered at least nine broken ribs, a broken shoulder, and a brain concussion, and was found by neighbor Leomar Danels lying across the tractor’s rear axle after the machine ran through a fence into a ditch. He was taken to Sigourney hospital in fair condition. The cause of the tractor’s loss of control was not immediately learned.
New York stocks reversed an early gain and finished sharply lower after a brief technical rebound. Traders dumped shares as weakness resurfaced, with heavy trading and an estimated 4.1 million shares changing hands.
CHICAGO AP The grain market moved between steadiness and weakness in slack dealings Friday. Dealers cited liquidation as the main factor with light hedging in corn. Wheat closed fractionally higher or lower, corn down about 1 percent, oats down 14 percent, rye down 1 1/4 to 1 3/4 percent, and soybeans down 1 4 to 3 4 percent.
Chicago cash provisions show corn prices for No 2 yellow 1.15 16, No 3 yellow 1.10 8 15 4, No 4 yellow 1.15 2 15 4, sample grade yellow 1.04. Soybeans not offered. Barley prices listed as making choice 1.35 1.55, feed 1.00 1.25.
AP notes butter and eggs steady in wholesale buying prices with mixed grades for eggs. Potatoes arrivals on track, total U.S. shipments 790, russets and round reds showing modest gains amid moderate demand, Idaho russets 440 to 460 and Red River Valley reds around 2.65 to 2.70.
New York butter prices show demand light with prices unchanged. Large grades ample while mediums and balancers vary. Extras 47 lbs minimum 28 to 30 cents, extras medium 23 to 24, smalls 20 to 21, standards 27.2 to 28, checks 26 to 27.
The Agriculture Department reports that consumer spending on food in the first quarter of 1962 rose over the prior year as disposable income grew about 7 percent. Food expenditures increased over 4 percent, while retail prices stayed near the year earlier. Prospects for higher output employment and income suggest continued strong food buying and ample supplies in 1962.
On May 3 1962 Blanche D Trachta was appointed Executrix of Anna Lesinger late of Linn County Iowa deceased All persons indebted must pay promptly and claims should be filed with Linn County Iowa District Court core by attorneys Novak and Kubicek in Des Moines Iowa
Frank C. Perkins of 660 Ninth Avenue dies Thursday at Veterans Hospital Iowa City. Born November 30, 1894 near Springville he married Leona Beck on August 23 1923 in Chicago. Survived by wife and his brother Guy S. of Marion. Services Saturday 10 a.m. Segert Funeral Home Dubuque burial Linwood Cemetery Dubuque.
Lightning hit the Rex B. H. Story residence at 261 Third Avenue during a severe thunderstorm Thursday afternoon. Firefighters found no flames but reported substantial smoke damage in the living room and extensive wiring damage. a hole was burned at the impact point. Corsages and plants near the home were noted in the nearby ad copy.
State of Iowa Linn County on May 3 1962 Gail H Clark deceased executor appointed qualified all persons indebted to estate must pay those having claims file them authenticated in the office of the clerk Linn County Iowa Peoples Bank and Trust Company of Cedar Rapids Iowa executor Lawrence and Crissman attorneys
John Moser of 3701 Dennis Drive NW was elected page of the local council secretary treasurer of the Grand Council of the Iowa United Commercial Travelers Thursday in Waterloo. Degree candidates Martin Gibbs and Leigh Tracy will receive bachelor of arts degrees June 1 at Grinnell College.
Hospitalized Peter S Marshik of 1452 Second St SE Iowa City is a patient at Veterans Hospital Visitors are permitted. Landlord and tenant meeting area noted. Gazette Want Ad Rental Classifications Adv. Community House luncheon board of directors meets at noon next Wednesday Jane Boyd Community House final budget approval. May 20 24 convention attendance by Cedar Rapids airport manager Frank Hidinger and Mrs Hidinger in Los Angeles. Shrine Embassy club football Friday May 11 canceled. Sister dies H E Kensinger 1718 B Ave NE mourns sister Emma M Jones in Minneapolis. Mother’s Day permanent special $7 95 at Genevieve’s Beauty Salon 2700 Mt Vernon Rd 366 1768. Cedar Rapids Civil Defense sirens test 10 am Saturday two part alert and attack tones. Double Green stamps on winter storage Fashion Cleaners EM 20056 Adv.
A heavy earthquake possibly triggered by a new volcano caused deaths and damage across five Mexican states. Three died in Acapulco, one in Mexico City, with many injured. Reports noted disrupted lines, ambulance calls, and rising fear near the new Nuxco volcano.
Burling ton woman visiting her husband at University hospitals was mugged near Finkbine park around 9 p m Thursday. Two men grabbed her purse and fled into the park. She broke two fingers, and she said the purse held 100 to 110 dollars plus a 500 bond a railroad pass and a wedding ring.
Sealed bids for construction items including maintenance resurfacing with 8 250 tons of Class A crushed rock will be received by the Linn County Auditor in Cedar Rapids Iowa until 10 00 AM CST Thursday May 24 1942. Proposals require a certified check payable to the County Auditor and filing on forms provided. Bids may be rejected or proposals filed as directed. The project covers the Mt Vernon to Springville route and adjacent segments on Highway No 13.
An Investor asks about financial ratings for American Exchange listings. The guide explains advisory services cover stocks on American and other exchanges, not just NYSE. It notes prices on the American Exchange tend to be lower due to smaller companies, but many high quality, dividend paying stocks also list there. It cautions to buy the company, not the exchange or price.
Lisbon high school music drama and art departments will present Brigadoon Friday in the auditorium. The event showcases student performances from the drama musical and art programs.
Emma Carpenter named administratrix of the Orlo E. Carpenter estate in Linn County Iowa on May 10 1962. Creditors urged to immediate payment and claimants to file properly authenticated claims with Linn County District Court clerk. Navette and Bromwell serve as attorneys for the administratrix.
The District Court in Linn County Iowa will hear on May 17 1962 at 9 00 oclock M the instrument purporting to be the last will and testament of Blanche Parizek late of the county deceased for proof and admission to probate at the Court House Cedar Rapids Iowa MELVIN J McCALLEY Clerk William Meardon Attorney.
Public notice to qualified voters of the Community School District of Alburnett Linn County Iowa that a special school election is called for June 1 1962. The proposal asks to issue bonds of 185000 for adding to and rebuilding the Alburnett school. Polls open 12:00 noon to 7:00 PM at the Public School House Alburnett. Board of Directors authorized by May 1 1962. Gilbert Batchelder secretary.
Notice to qualified voters in Walford Consolidated School District of Linn Johnson Benton and Tama counties Iowa. Election to decide if Walford District joins College Community School District in Linn and Johnson counties. Polling place Walford Public School May 28 1962 from 1 PM to 7 PM. County Superintendent Walter Shupp presides.
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