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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 20, 1949
Page
1
Financial and market notes from Marion News summarize Chicago grain quotations with brief price moves and trader interest. The report highlights corn and wheat activity, noting modest gains amid supply concerns and steady demand signals from processors and exporters.
Laura C. Gillmore 73 of 1399 Eleventh Street died at 5 10 p m Thursday in a Rapids hospital after weeks of illness. Born February 6 1876 in Jones County she was the last of six Hickman children and lived 55 years in Alburnett. She married Elbert J. Gillmore October 28 1903 and moved to Marion a decade ago. Surviving son Darrell Gillmore and three daughters Caroline Raddatz Zelda Gillmore Mildred Cummins plus six grandchildren. Services 3 p m Saturday Yocom chapel Rev James P. Gable. Burial Oak Shade Cemetery. Friends may call at the chapel.
CHICAGO AP hogs closed mixed with most quotes 25 cents higher to 25 cents lower for the week. Cattle and sheep were generally steady as buyers and sellers assessed supply. Estimates show salable hogs about 200,000 head, cattle around 200,000, and sheep near 100,000.
Revenue and price listings show hogs steady under 300 pounds with uneven demand, cattle receipts about 800 with broad demand for light yearlings and medium to good steers, heifers and cows priced up to 21.50 a hundredweight. Sheep on a nominal basis with No. 1 skin clippers at 29.75 and springers absent.
Des Moines reports Friday receipts near 33 000 head, week prior 28 000, year ago 25 500, with Thursday actuals at 34 500. Buyers push values higher with hogs mainly in 160 to 550 lb ranges, barrows and gilts improving to around 16 18 dollars per cwt as plants unload at multiple southern Minnesota and Iowa facilities.
AP reports US cattle market in Sioux City with receipts near 500 cattle and 10 calves. Slaughter steers and heifers steady, cows mostly steady, good heavy offerings slow. Stockers and feeders scarce. prices show thin activity with medium shortfed heifers around 22 dollars and cows about 17 to 19 dollars.
Omaha market reports cattle receipts 300 calves 25 with slaughter classes steady in cleanup trade. Stocker and feeder classes scarce and unchanged. Medium to good short fed steers 22.50 to 24.00, few good cows 18.00 to 20.60, cutter and common cows 15.50 to 17.50, sausage bulls up to 21.50.
An OCR fragment shows waterloo market pricing for hogs and cattle by weight ranges. Figures indicate price per hundredweight in dollars for various weight brackets, with several entries like 160-170 lb, 200-300 lb, and 400-550 lb ranges. Exact consignor details are unclear.
Stock market declines feed into Cedar Rapids hog market with top prime butchers at 18.75 and packers at 16.75. Ottumwa hogs show steady quotes in mixed ranges for various weights from 170 pounds to over 500, while cattle and other market items fill the report alongside prices on fruits vegetables and grains.
Kansas City cattle receipts 200 head calves 50 head in a quiet week with light demand and a weak finish. Trade was slow with a clean-up sale showing little test demand and no major market movement.
Chicago live poultry receipts reach six trucks with market steady. Egg prices vary by grade with current receipts near 43 cents and dirties 41 Chinese notation partially legible. California long whites quoted around 4.80 per dozen while other listings include Tri and Johdans Bliss with mixed prices. Total U S shipments reported at 1 065 with moderate supplies and steady demand.
New York reports wholesale cheese market activity with steady receipts of 333,448 lbs. Prices vary by grade from creamery AA 60 cents per pound to lower scores around 53 to 58 cents, with small size adjustments for extra large and white fancy varieties.
The Majestic Theatre, home to the prize winning South Pacific, will remain open as city investigators probe ticket scalping. Investigation Commissioner John Murtagh withdrew the threat to close the venue on Thursday.
Chicago report shows May wheat rising about 2 percent to about 2.23 a bushel while new crop wheat eased on stronger Texas Oklahoma Kansas New Mexico crop estimates. Soybeans and lard weakened. corn slipped slightly.
Market notes list oats and barley pricing with multiple grades and lots. Prices show No 1 heavy mixed oats around 1.33 and 1.37, No 3 mixed 6834c, heavy samples, and mixed lots. barley futures around 1.08 to 1.38 for feed. A No 2 yellow oats price listed at 2.38, referencing Chicago track markets.
City briefs list Townsend Meeting-Townsend Victory club No 8 to meet Sunday in K Of P hall for 6 pm dinner and business. A 20 member Colesburg gospel team to present services at Troy Mills Methodist church Sunday at 8 pm. Reckless driving charges: Rennie Clearout clocked 52 mph on First Ave E near 36th St. Melvin Mills fined $75 for reckless driving after arrest on First Ave E near Eighth St. Cmdr E G Stepanek and family visiting. will depart Monday for Stanford university postgraduate course. W J Barkley elected vice president of Radio Manufacturers Association at Chicago convention. Ely church service details and Baha'i lectures scheduled in local venues.
Charles Hink of Spokane traded a heavy 2600 silver dollar payment for a new car after five years of saving. The 170 pound wooden chest full of 1921 minted coins was handed to the dealer, who moved the chest to the car and spent the afternoon stacking the coins to complete the sale. Hink runs a service station and began saving half a decade ago.
Des Moines officials announce a 1949 state fair program featuring a statewide contest to select Iowa's top young sheep shearer. The winner earns a trip to Chicago to represent Iowa in the National 4 H Club sheep shearing contest. An adult shearing contest also will be held. The fair runs August 26 to September 2.
Twenty three junior high students earned perfect attendance this year. Seventh graders include Marilyn Conklin Judy Gipp Virginia Goodrow Robette Hornung Billy James Charles Kent Joyce Kolda Harley Lazenby Marilyn Roberts Louise Stickney Duane Weaver Bobby Fox. Eighth graders include Charles Drenkhan Janet Gordon Sally Hall Carol Hornung Joe Jellison Jim Lang Mary Lyons Jim Nielson Kenneth Smith Karen Vikdal Sandra Burnett.
Miss Ardis Rose Miller and Donald G. Cox wed in Cedar Rapids with attendees including Ronald E. Cox of Cedar Rapids. Marion pages note local fund drives, Four-H delegates to Ames, and community group efforts for the public playground fund.
Iowa City Citizens Committee for Rent Control begins a petition drive to keep rent controls. About 30 members at a Community Building meeting signed as they plan to submit to the council after gathering signatures. The petition argues unlimited rent increases evictions and loss of federal arbitration. It counters an August action by the Iowa City Property Owners Association aimed at mobilizing student and faculty opposition.
Berlin bound West German trucks crossed the Helmstedt checkpoint despite Russian threats to reimpose a blockade. The two day ban on truck traffic was lifted, easing the Helmstedt bottleneck while warnings to tighten controls on cross-border routes remained. Western experts met with the Russians at Karlshorst as tensions persisted.
Informants said Russia created difficulties to stall an agreement and eyes a settlement on the transport issue before Monday’s Paris gathering of Foreign Ministers.
A dense collage of lost and found notices, classified ads, and service offers. Listings include jewelry, watches, and fur storage. remodeling and repair services. transportation and rideshare requests. and personal notices of thanks and condolences from local readers.
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