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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 20, 1948
Page
8
Chicago livestock traders reported hogs cattle and sheep steadier with weekly trends mixed. Hogs topped at 22.25 while cattle and sheep saw varied declines and late strength in cattle sheets volumes, receipts and price ranges noted throughout the week.
Hogs mostly 1.25 to 2.00 lower than Friday week ago. Cattle mostly 0.50 to 1.00 lower. steers and heifers under 1,100 lbs weak to 0.50 off. high grades unevenly off. Cows down 1.00 to 1.50. stockers and feeders 1.00 lower. heavy feeders 1.00 to 1.50 off. Sheep lambs steady to 0.25 lower. ewes steady. Fruit and produce prices listed. hides, eggs, and butte futures noted. Mississippi River stages reported.
The New York market closed up on Saturday with gains across issues, some reaching yearly highs. Trading was light with about 300000 shares, professional traders dominating activity, and a mix of year end tax sales and small investment orders shaping the session.
New York markets lingered in a tight range Saturday with few gains and little momentum. Some rails edged fractions higher while others held near previous levels. industrials appeared near prior prices. U.S. governments and foreign dollar loans showed no notable activity or changes.
USDA market snapshot from Omaha shows barrows and gilts down about a dollar with top bids around 22.25 while sows slip up to 21.00. Fed cattle and calves trend lower across weights, with cuts and canners steady to lower, vealers and calves steady, stockers slow. Sheep and lambs edge higher for fats with top lambs near 25.75 and strong feedlot demand for yearlings and ewes mixed in with breeding stock activity.
Chicago report notes grain futures climbed to seasonal highs before late selling trimmed gains. Wheat receipts light while cash corn demand improved. soybeans moved both ways and oats and rye fluctuated with mixed results.
AP notes Chicago cash quotes for corn grades with no 3 at 1.37, No 5 at 1.09, and 1.22. heavy and mixed No 3 and No 1 white priced around 92 and mid 90s. Barley machine at 1.26 to 1.69, feed 1.06 to 1.28 per cwt. sweet clover 15.00 16.00 and timothy 16.00 17.00 per cwt.
Kansas City live cattle prices show slaughter steers unevenly weak about 1.00 lower while heifers stay 50 cents lower, cows mostly steady to uneven, canners and cutters up to 25 cents higher. Killing calves weaken up to 2.00, stocker and feeder steers generally 1.00 to 2.00 lower. feed steers in good to low choice range 25.75 to 32.50 with some up to 34.00. Nebraska fed heifers at 00. common to good beef cows 16.50 to 21.00.
Receipts Saturday estimated 65 000, week 49 000, year 80 700, actuals Friday 47 000 with unloading at two southern Minnesota packing plants and twelve Iowa plants plus out-of-state shipping. Prices steady to 50 percent higher with typical gains 25 percent from Friday. Hog prices by weight class range from 160 180 lbs at 17 21 dollars to 450 550 lbs at 16 19 dollars, with sows in several weight bands also listed.
Marion reports building permits issued for a cement block house at 160 Twenty-second Street costing 2500 dollars and a dwelling remodel at 1627 Eleventh Street costing 600 dollars. Local residents and visitors include Gene Hastings at UI, Rita Biddick visiting Iowa City, and Myron Messerschmitt of New York City a Tex Beneke soloist.
The Marion Baptist church led by Rev Charles Moore holds Bible school at 9 45 a m and morning worship at 10 45 a m evening services at 7 30 p m Union Thanksgiving service at 8 p m at the Christian church St Josephs Catholic church with Rev T J McElliott and Rev Claude Norton to celebrate mass at 8 and 10 a m The Christian church led by Rev Richard Goins offers Sunday school at 9 45 a m and morning worship at 10 45 a m Sermon titled The Necessity for Thanks.
Des Moines AP reports Iowa faces about 64 million dollars more per year in operating costs in the next biennium if department askings are approved. Gov. Blue notes an 80 percent rise over current appropriations and warns he will slash requests before January recommendations.
Local churches report Sunday school times worship services and special events. Union Thanksgiving services planned at the Christian church 8 p.m. Wednesday with Rev Rex Odermann and others. Rev Homer F Perry at Congregational. Dr Miron Morrill speaks at Methodist. St Pauls Lutheran hosts Thanksgiving day service at 10 a.m. and worship 8:30 and 10:30 a.m. Cedar Rapids groups host social at 7:30 p.m. Tuesday. Westminster Fellowship at 6:30 with Bruce Hall speaking. Public and parish activities detailed for various congregations including Free Methodist Presbyterian Prairie Chapel Seventh Day Church of God and more.
Monticello records Ed Folken aged 24 suffering the loss of four fingers on his left hand in a corn picker accident at the Fred Harkins farm eight miles west of Monticello. He was taken to Monticello hospital for treatment.
A coroner's inquest was set for today in Dixon Illinois into the deaths of Mrs. Margaret Warfel and her three sons in a house closet fire. The victims were Richard seven Charles six and Robert 18 months. Randall Warfel the husband reported the wife had recent psychiatric treatment and low spirits. Autopsies showed no violence and the father said he woke to smoke from a closet door and found his family on the floor as flames rose. Mrs Warfel was daughter of Mr and Mrs George Albright of Lisbon Iowa.
Bernard Nichols 33 of Independence died instantly Friday when a cable snapped while he helped unload a large diesel engine from a truck at Linden. He sold and installed diesel engines. He is survived by wife Madeline Sullivan, parents, two children, a sister in St. Louis, and two brothers in Milwaukee and Independence. Funeral services at Peoples Funeral Home Monday. Born December 30 1914 in Independence. Burial Sunday in Independence.
Sam W. Cain, 56, Davenport Negro, pled guilty to a second degree murder charge and was sentenced to not less than 25 years. He killed Mrs. Julia Benford, 52, mother of four, in the August 21 shooting in Davenport.
Ames report shows European corn borer infestation rose in Iowa with statewide damage exceeding 40 million dollars this year. Harris notes all counties infested, Marshall and Jasper counties top with 585 and 528 borers per 100 stalks, and weather could raise next year’s losses.
A successful dry run test was conducted by Prof. James A. Jacobs and staff on Iowa Citys atom smasher after eight years of construction. The team directed a stream of atom smashing particles toward the target site, overcoming prior part failures. The device is believed to be the largest of its type in operation.
Ronald and Homer Herwig of Cedar Rapids have purchased Byrne drug store here. Mrs. Byrne has operated the store since her husband’s death a year ago and will move to Cedar Rapids.
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