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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 01, 1948
Page
3
USDA estimated Saturday receipts include 300 hogs 1596 cattle and 200 sheep in Chicago. Hog prices fell 25 cents to about 21.75 to 27.50 per hundredweight with sows at 21 to 25.50 and clearance described as good.
CHICAGO LIVESTOCK REPORTS receipts and price changes across hogs cattle and sheep. Hogs show lighter weights and mixed cuts with top values around 7.50, 180 lb butcher hogs at 27.00 to 27.25, sows around 23.25 to 22.00, many weights down. Cattle receipts 2,000 with steady to weak shifts across calves steers heifers and bulls, vealers at 33.00 down, fed steers 27.75 to 34.00, Montana crossers 24.50, cows and bulls varied. Sheep receipts 1,000 with lambs down 25c to 24.00, natives around 24.50, slaughter ewes 9.50 to 10.50.
USDA data from Omaha shows hog receipts at 3,800 with prices largely down across weights and classes, including barrows and gilts at 25.50 to 26.50 for 180-270 lb, sows 22.75 to 25.00 for 270-330 lb, and lighter weights scarce. Cattle shipments remain large with steady to weak cattle values and some cows carried over, good fed steers at 32.50, cows 16.50 to 21.50, vealers up to 27.00. Sheep receipts near 5,000 with fat lambs 50c lower, feeders mixed, ewes steady to higher, best slaughter lambs at 25.00 and yearlings around 22.00.
New York oil shares led a slow market with 650000 shares traded as Barnsdall Oil raised crude prices in south Texas by 35 cents a barrel, prompting Phillips Petroleum to hike earlier. Other majors held firm unless compelled by competition.
Chicago reports Carmen Mauro an outfielder from Nashville in the Southern Association joined the Chicago Cubs Friday in St. Louis.
Heavy trading centered on a few issues with most price moves small. Ontario and Western refunding 4s advanced over a point as the final hour began. New Haven income 4s and 4 1/2s rose noticeably while Virginian Railway 3s fell sharply with a large block totaling 170000 dollars trading about one point below Thursday’s close.
Kansas City market totals show salable cattle receipts at 500 and calves at 100 with limited class offerings to test demand, indicating a tentative trading backdrop for cattle and calf categories.
Chicago markets report mixed receipts for butter eggs and poultry with unsettled hens and price spreads across grades. New York prices show gradual increases for butter and eggs with steady overall receipts and mixed weight classes.
Promoter Herman Taylor wired London offering light heavy weight champion Freddy Mills a 25000 guarantee to defend his title in Philadelphia next January against 21 year old Harold Johnson.
Chicago grains eased toward the close with corn leading the drop. May wheat held firm while July faltered. soybeans declined alongside corn. The Bennett-Galvin crop report suggested a record 3.55 billion bushels for the year, up about 10 million from their prior estimate.
SACCO AP reports weekly prices across commodities including wheat and corn with No. 2 and No. 4 oats values, rye prices with No. 1 weevily at $1.63, barley ranges from $1.05 to $1.62, and forage items such as field clover at $15.50 to $16.50 and redtop hay at about $42 to $46.50 per unit.
Des Moines and southern Minnesota plant activity shows very slow demand with receipts Friday at 28 000, down from last week and year ago. Prices for barrows and gilts vary from 21 50 to 26 00 per hundredweight across weight classes while sow values range from 18 75 to 24 50, reflecting a generally flat market.
Sioux City cattle receipts reach 1 000 with calves 500 and steers and heifers in scarce supply. Cows and feeders sell steady to weak as better stock draws dealers. Hogs: receipts 3 100, market 75 cents to 1 dollar lower. top butcher at 26.25, lighter weights around 26.00. Sheep receipts 2 300, 1 500 salable. slaughter lambs pressured though western 4 loads at 11.50 for breeding ewes and 22.75 for 65 lb western lambs show some activity.
In Plymouth Wisconsin buyers traded 34 carloads of cheese in a softer market. Bids and offers centered on white and colored cheddar with 38 to 39 cents per pound and various single daisy colored lots at 42 cents.
Burns Baker of Los Angeles became permanently blind after a tonil infection damaged his optic nerve. He rebuilt his life from typing to Braille using a Seeing Eye dog, and with a blind secretary he started a new career as an insurance broker. He rose to president elect of blind Men of Vision.
Doctors back the 320000 registered nurses campaign for higher pay and prestige to curb nursing shortages. Ella Best of the ANA cites New York Medical Society findings on pay, workload, and unskilled tasks, noting prewar nurse losses and a 22-point convention plan to improve conditions.
Kaiser-Frazer Corporation tells distributors in a letter that no alliance with Sears Roebuck exists. An INS story claimed Sears bought a substantial interest in Kaiser Fleetwing Inc of Bristol PA and suggested a Kaiser Sears automobile venture. Fred R. Cooper, Kaiser-Frazer VP, says discussions occurred but no agreement or certainty of mutual desirability.
Secretary of Justice Ramon Ozaeta ruled a pupil may refuse to salute the flag if it conflicts with religious belief. A girl from Jehovah's Witnesses was within her constitutional rights to abstain from the salute during school exercises. The decision stresses persuasion over compulsion.
Forty parents and friends attended a Marion Methodist church Boy Scout potluck supper and court of honor. Awards included Life Scouts Allan Mally Billy Moffatt, Star Scouts Donald Hay Robert Hay, First Class Morris Grabau Donovan Morrison, Second Class Earl Pogue Jerry Walker, with merit badges to Mally Moffatt Hay Grabau Morrison Kent Waffle and Jones.
A six game weekend schedule features three league games as Midwest conference teams clash. Cornell College visits Mt. Vernon to face Lawrence for the title chase, Carleton plays Grinnell in Iowa, and Knox travels to Ripon to meet the Redmen. Beloit hosts Western Michigan while Coe meets Simpson in Indiana and Monmouth hosts Hope.
In Kingsville Texas UP reports students at Texas A and M College heard ringing noises for weeks. A graduate physics student James Rickard conducted acoustical tests in the auditorium and sounds leaked outside, causing the ears to ring.
New York police arrested Rafael Rios a pickpocket who would read a Bible while boarding a subway passenger then tap victims on the head with a lead pipe. Investigators say he used the Bible as a distraction before striking.
Police said a man was arraigned in felony court after a theft incident. He told officers he was reading the Bible to learn to speak good English.
A Penn State meteorologist devised a method to forecast air mass thunderstorms by measuring sun radiation. Low radiation below 80 percent indicates rain, with about 70 percent accuracy. The system complements existing forecasts but fails for frontal thunderstorms blown in by air currents.
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