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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 10, 1948
Page
22
Chicago cattle and hog markets eased with hogs down about 50 cents and cattle 50 cents lower while sheep held near steady. Receipts topped 9 000 hogs and 4 000 lambs with strong demand for choice weight classes and varying prices across weight ranges.
Salable hog receipts reach 10 500 with slaughter hogs mostly steady to 50c lower. Good and choice 190 280 lb hogs and sows across weights see price shifts. Cattle receipts 3 000 with calves 300. steers steady to dull, heifers weak to 50c lower, cows uneven and canners down. Sheep receipts 2 000 with feeding lambs around steady, wholesale lambs not established, some loads priced near 23 25 and 25 00 per hundredweight.
Salable hog receipts around 6 000 with barrows and gilts 50 to 75 cents lower and late declines up to a dollar. Top hogs around 23 50 with several at 23 25 and late sales 23.00. Cattle receipts about 4 500 with steers steady to 50 cents weaker for others and vealers steady. Slaughter lamb bids around 25 cents lower with limited activity and some bids near 25 50.
Cedar Rapids hog market shed another quarter with prime butchers at 21.75 and packers around 20.45. Cattle quotes include steers 32.00 to 37.00 and cows 15.50 to 16.50, plus calf and lamb ranges, while Iowa hog receipts near Des Moines show weaker barrows and gilts from 18.50 to 22.50 and variable sow values.
New York stocks rallied sharply late Wednesday after earlier declines. Many issues advanced more than a point from yearly lows, while a substantial number remained in the red by fractions to over two points. Trading volume neared two million shares.
Kansas City market reports show cattle receipts around 4,000 with calves 700. Slaughter steers and heifers moved steady to easier amid a broad decline, loads topping at 32.00 for fed steers, and high pairs near 35.00. Medium to low good shorties listed 23.50 to 27.00, good steers up to 28.50, fed heifers 29.00, shortfeds 22.50 to 28.50, stockers and feeders holding steady with good stock steers around 25.00.
New York bond review notes bonds failed to rally Wednesday and moved lower as rails led losses, with several issues dropping more than three points by the final hour.
Receipts and prices show a steady market for chickens and hens with few changes. Butter supplies at 5,486 tubs meet steady demand across grades AA A B and C. Potatoes on track and on shipments with Idaho russets and Colorado McClures quoted for No 1 size washed or unwashed. New York market details add butter and egg price movements and note firm overall demand with limited variation.
Chicago AP reports grains opened lower and failed to recover as profit-taking, weak demand, and dock workers wildcat strike worry weighed on the market. Cash corn eased with futures. wheat, corn, oats, rye, soybeans, and lard all closed lower with December contracts shown.
Wheat prices show mixed bids with No 4 at 1.30 and No 1 yellow around 1.37. Soybeans No 2 yellow quoted near 2.47 on track Illinois Indiana. seed values for clover and timothy noted.
Hamburg. Hijalmar Schacht, once a top German official, was found by a United Press reporter in Seppensen twenty miles south of Hamburg living in a modest cottage. He said he was surprised police sought him again and denied hiding, noting he had tried to stay out of sight for a while.
Three motorcycle crashes in Chicago on Tuesday killed one man and seriously injured four others. Police say the incidents occurred within a short span, with responders rushing to the scenes to treat the victims. Authorities are investigating the causes and reviewing traffic footage.
Mr and Mrs Ed Bills sell their store building at 1257 Seventh Avenue to Mr and Mrs Norman J Waffle. Bills plan winter in Texas and will vacate December 1. Waffle to use rear ground floor as warehouse for his book business remodel front as storeroom and lease second floor apartment. Sale arranged through Dr J J Booth.
Reports include former soil conservation district commissioner Weber, Mrs A J Meakin returning to Mt Vernon after visiting sister Mrs Frank Cleveland, and a Wednesday Study club postponement. Also notes on Robert Byse's emergency appendectomy at St Luke's, Mrs Tom Gallagher and Nancy Ann returned from Cedar Rapids hospital, and new home for Mr and Mrs Donald Bateman at 1067 Seventh Street. The piece mentions the distance from Duluth to Ontario's outlet in the St Lawrence.
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