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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 17, 1948
Page
22
Chicago reports show hog quotations steady to 25 cents higher as Tuesday’s decline reversed. Cattle receipts 7,000 and calves 500 with mixed movement. sheep up to 40 cents. Top hogs for 230 pounds and over around 19.75 with other weights near 18.50 to 19.00. Feeders and cows also noted with varied strength across weights.
Cattle receipts near 3 500 calves 400 slaughter steers and heifers slow with demand narrow for grass heifers and lower grades. Medium to good steers above 1 100 pounds priced around 34.00 to 34.50 per hundredweight with steers 1 225 pounds at 5.50 to 7 with cows and stockers mixed results. hogs and sheep markets show mixed activity and light to moderate demand.
New York stocks slipped as selling pressure rose late in the day. The market declined modestly with losses from fractions to about two points and turnover near one million shares.
Market receipts show hogs steady to higher with barrows and gilts 25c up and sows up to 25c. Calves, steers, and heifers mixed with feeders slow and bids weak to lower. Fat lambs and ewes gain modestly amid generally subdued demand and limited sortable lots.
Prices on the Cedar Rapids hog market held steady with top prime butchers at 20.00 and packers at 19.00. The cattle section lists steers and cows with a wide range of weights and prices, noting prime, choice, and good grades, plus yearlings and calves with specific bid ranges.
The New York bond market moved in a narrow range with mixed trend. In late trading Colorado Southern 442s fell to 44 45 while Louisville and Nashville issues rose a point and Pacific Gas 3s advanced.
The Chicago grain market advanced Wednesday as wheat led gains with December pricing at its best since April. December corn hit a four month high while oats and soybeans rose. prices eased slightly near close amid profit taking. Longshoremen strike on the North Atlantic Coast had little impact on the session.
Chicago cash terms show No 1 yellow corn at 1.00, No 2 at 1.44, oats at 9 to 14 cents, barley nominal, field seeds nominal, soybeans listed as none. Prices reflect market quotes with various spread figures and unit values for cash grain and related commodities.
Salable receipts 4000 cattle incl calves 800. Slaughter steers unevenly higher up to 50c, heifers steady. Good fed steers 26.00 to 28.65, good and choice 26.00 to 28.65. Medium to low good short fed 23.50 to 25.75. Medium to good fed heifers 23.00 to 26.25. Stocker and feeder trade very slow after week’s early decline. one load good yearling stock steers 24.00.
Receipts Wednesday estimated 55 000 week 57 500 year ago 79 000 actuals Tuesday 54 500. Hog buying at 2 southern Minnesota packing plants and 12 in Iowa plus out of state yards. Prices range 160 180 lbs to 450 550 lbs with figures from 16 50 to 19 00 and various weights.
The Berlin clash over December 5 municipal elections escalates as Col. Alexi Yelisarov warns Moscow will not recognize elected officials and may sever transit, communications, and utility links with West Berlin. Taegliche Rundschau calls the vote a final East West split. Allied officials doubtful of Moscow’s ability to cut West Berlin.
Defense Secretary James Forrestal, ready to resign, will be Truman’s luncheon guest Friday in Key West. White House press chief Ross said Forrestal will fly from Washington and likely return the same day. Rep. Rayburn, expected to become speaker again, will also visit Friday arriving for dinner and staying until Saturday.
Chicago produce receipts for poultry butter eggs and potatoes show firm hens fryers and turkeys with varied quotes. Butter and eggs hold steady amid large daily volumes while potato arrivals and prices fluctuate with russets slightly weaker and other stocks near steady.
New York butter shows prices at 93 score AA 65c, 92 score A 63c, 90 score B 63c, with term off. Eggs list mixed fancy heavy 73c, extra 1 large 72c, 2 large 62c, white fancy heavyweight 74c, extra 1 large 64c. Cheese receipts total 490 896 with prices steady.
Five people escaped serious injury when the car carrying William Detlefsen and four women was struck by a switch engine at the Twelfth street crossing in Marion. The engine backed across the crossing shoving the car several feet. occupants said no lights or bell were seen or heard. The incident occurred about 10 p.m. near the east yards. A second item notes Prairie Chapel Youth Fellowship plans a clothing drive with pickup Saturday between 9 and 11 a.m.
A capacity crowd witnessed the minstrel show Dusky Clouds presented Tuesday evening by Marion high school vocal students under Miss Rose Wilcox. The school's Dramatic Club, sponsored by Miss, led the program with student performers showcasing songs and scenes.
Lois Terrill assisted the high school drama, tickets stopped when the Lincoln auditorium filled, and the show will repeat Thursday at 7 45 p m. Local ads note cosmetics at Edison s and house dresses size 12 to 46, plus appliance offers.
The second in a series of training classes for Camp Fire guardians and sponsors and Blue Bird and Horizon club leaders will be held this week. The session aims to equip leaders with program guidelines and safety practices.
Mrs. Don L. Torrence hosted a 1:15 p.m. gathering at 1225 Fourth Avenue with overnight guests Mrs. A. E. Hill of Perry, her daughter Mrs. Ernest Culver, and son Gene Hill. Mrs. L. A. Sayles and son Johnny returned to Chicago after visiting Mr. and Mrs. Hutchins. The Cooper family plans a trip to International Falls, Minnesota to visit Mrs. Cooper’s brothers Myron and Clarence Griffith. Rankin family of a distant location were also mentioned.
Washington Pennsylvania and their daughter Margaret arrived Tuesday to visit Mrs Rankin's sister Mrs Sarah Ford. Mr and Mrs A E Miller 995 Eighteenth Street will entertain at dinner tonight in their honor.
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