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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 03, 1941
Page
12
The report shows weaker dressed hog demand pulling swine prices lower, with live hogs about 3 to 10 cents sharpened, and beef output in October the largest since records began. Cattle and hog receipts reach into the thousands across major markets, with steady to weak bids and widespread price softness across grades and weights.
Dairy and livestock market notes show Western region cattle supply strong with heavy steers and yearlings selling near top, but some declines in feeders and fat cows. Hog and cattle receipts across Des Moines Peoria and Omaha reveal mixed prices, lighter weight hogs under pressure, steady to weaker slaughter cattle, and lambs mostly steady with some weakness in lighter sheep. Key items include 3500 Western crassers in crowd, fat steers around 10.50 to 12.50 per cwt, yearlings near 12.25 to 12.60, and hogs mostly 9.25 to 10.15 per cwt with varying weights.
The local market shows a ten cent drop across hog grades with prices listed for good hogs and packers in various weight ranges. Cattle and calf sections follow, noting declines and steady to mixed prices for steers, heifers, cows, bulls, and lambs across multiple weight classes.
Wisconsin cheese quotations for the week of November 3 to 8 show Twins at 23.4 cents, dassies 24 cents, and cheddars 23.4 cents. Dow Jones averages rise overall with bonds, utilities and industrials mostly higher.
New York traders opened with a small rally led by aircrafts and specialty shares but most leaders faltered by close. Volume neared 550000 shares with utilities largely unchanged. Douglas Aircraft posted solid nine month profits. United States Steel and Bethlehem kept a slight edge while several major names slipped.
Wall Street stock quotations published by J E Bennett Co list numerous tickers across industries with prices and shifts. The report includes Adams Express Alaska Juneau Nickel International Nickel Allied Stores Johns Manville Lehigh Valley Lockheed Loews Amn Tobacco and many more, reflecting active trading on Monday from the Chicago list and broader market movers.
Chicago report says House committee approved price control legislation, sparking buying that shifted grain futures higher though ceilings under 1.50 for wheat and 1.10 for corn were not put in place. Wheat edged up early then mixed, corn rose modestly, oats and soybeans mixed or down, with notable cash prices listed for wheat, corn, oats, rye, and soybeans.
Grain and feed prices listed for Cedar Rapids with No. 1 wheat at $1.00 and oats, rye, barley, corn, soybeans, and straw values. Poultry market quotes include weights and classes, with systemized prices for springs, hens, cocks, and geese. Wholesale fruits and vegetables priced, plus hide and animal product rates and a line on horses and animal manes.
Chicago market reports show poultry receipts at 3 cars and 31 trucks with wide price ranges for hens, Leghorn, Plymouth Rock, and White Rock varieties across weights. Butter, eggs, cheese, and potatoes also listed with steady to firm tones and specific price points, plus futures for butter and eggs from Lamson Bros. and Co. Reflects New York and regional pricing dynamics.
New York government bond markets closed Monday. The U S government 3s traded around 2 3105.16, with limited activity as homeowners watched rates.
President Roosevelt said he would meet with congressional leaders upon returning to Washington on Wednesday and that price control would be discussed. He refused to comment on the international situation and sidestepped a question about the weekend German statement accusing the United States of declaring a shooting war.
The president answered that he knows only what he has read in the newspapers regarding the statement. He offered no new information and gave a guarded response. The remark reflects caution while citing media coverage as his sole source.
Washington Senator Bilbo of Mississippi proposed a bill to create two more military and two naval academies as steps toward building an army of 6,000,000. He warned that war with Germany is likely if Congress changes the neutrality act and shipping limits are removed.
Hyde Park New York AP President Roosevelt says there is not a vestige of truth in reports from New York that he repudiated his endorsement of Mayor Fiorello LaGuardia.
New York veteran B Edwin Sackett, who served 13 years with the federal bureau of investigation and has been special agent in charge of the New York office since June 1940, announced his resignation on Monday.
The Gazette page outlines want ad rates and procedures including telephone submissions for Cedar Rapids residents. It features numerous small notices for lost items, jewelry and watch repairs, beauty services, transports, rummage sales, and help wanted positions with brief details and contact references. It includes warnings about misrepresented job ads and safety reminders referencing Linn County Safety Week.
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