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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 28, 1942
Page
9
Chicago livestock trade shows hog prices mixed as bids fell to around steady from Wednesday quotes. Top hog price reached 14.90 with 200-300 lb cuts at 14.65 to 14.80, later bids dropping to 14.70 or below. Steers and yearlings held firm or rose slightly while cows and some fat lambs drifted weaker.
Hog receipts near 4,000 at Omaha with prices up to 14.50 and lighter weights $14.00–14.40. Cattle receipts about 5,300 with slow slaughter steer trade and steady cows, vealers, and feeders. fat steers around 13.75–18.00 with some above 15. Cattle includes various classes and bid levels from 10.25 to 15.00. At Peoria hogs 3,000 receipts with steady to 10c lower early. cattle 350 with steers 12.50–14.50 and cows 9.50–10.30. Lambs 4.50–14.65 at mix of feeding and fat categories.
Chicago produce notes mixed receipts with poultry hogged by heavy hens at 22c and Leghorn hens at 18 1 2c. butter firm with many grade scores around 46 to 45 cents. egg receipts at 8 071 cases with fresh extra firsts near 40 cents.
Idaho arrivals and shipments show heavy supplies and firm market with russet and Colorado red prices listed. New York eggs and butter trade activity cited with varied receipts, firm butter prices, and cheese stability amid mixed egg grades and refrigeration standards.
Local hog prices rose 10 cents across all grades in Cedar Rapids. Top hogs brought 14.20 for butchers, 14.30 for long haul, and 14.10 for packers. Cattle ranged with choice to prime steers at 14.25 to 15.80, and good to choice cows 10.50 max. Sheep and lamb prices varied by weight class with bids from 4.00 to 13.50 depending on age and quality.
A Cedar Rapids market list shows varied commodity prices from farm products to wholesale fruits and hides. Entries include oats and soybeans prices, straw bale value, poultry figures, ducks and pigeons, and produce such as celery lemons oranges lettuce onions apples grapes and potatoes with assorted per unit costs.
New York bond traders on Wednesday moved bonds in a narrow range with no clear trend after Tuesday losses left averages near last week’s levels. Medium-priced issues showed slight gains while several railroad and utility bonds slipped by small fractions. U S governments remained largely unchanged amid quiet stock exchange activity.
Quotations for the week Oct 26 31 list Wisconsin state brand cheddars at 23% bid with junior grade cheddars at 2234 bid. Wool market notes ample activity in medium fleece wools with graded Iowa three-eighths and one quarter blood wools selling around 52%2c. Missouri Michigan half-blood staples sold at 5c and 45c with clothing half-blood wool around 44c indicating overall demand and price levels.
New York stocks continued lower on Wednesday after a tentative morning rally. Steel shares led the decline with broad weakness across major groups as traders anticipated a possible corrective pullback after months of gains. Crucible Steel rose to a yearly high while many blue chips slipped and trading volume hovered around 500000 shares.
The page lists Wednesday quotations across major firms including Allied Chem Allied Stores International Harvester and U S Steel with many industrials such as Chrysler Ford General Electric and American Smelting. River stage notes accompany financials and Mississippi listings wrap the market page.
Rye prices fell nearly 3 cents a bushel to season lows on Wednesday as stop loss selling and weak demand from distillers plus loss of export markets dragged grains lower. Wheat, corn, oats, and soy followed the trend with modest declines and late short covering helped rye rally briefly. Chicago cash provisions show no sales in wheat with mixed bids across cereal grades.
Walter Fred Cline 79 life president of Johnson county died after brief illness. Funeral at 2 p.m. Thursday at Riverside Methodist church with burial there. Born December 15, 1862 in Johnson county. Survived by six daughters, two sons, four sisters, three brothers, 39 grandchildren, five great grandchildren. Wife died 1928 and son Howard in 1926.
Twenty three of the thirty five members on the NC State football squad are state residents, highlighting strong in state representation on the team.
Katz Salvage at East Seventh Avenue received the War Production Board co operative emblem for outstanding scrap production. Inspector L. M. Bowden noted the scrap industry’s wartime importance and that only about 3 percent of U S dealers qualify for the award. The Marion dealer turnover runs about every ten days and the award mirrors the Army Navy “E” designation.
Twenty two students and two groups shared eighteen awards for scholastic attainment at Iowa State College's fall honors convocation. The Varsity J Club prize went to Robert Lary as freshman numeral winner with the highest scholarship.
The Pastor's Helpers of the Presbyterian church plan a 12 30 p m picnic at Mrs W H Quaas 904 Tenth Street with the usual requirements. Mrs Ruth Fisher returns from Milwaukee where she worked. The Mothers club hosts a masquerade Halloween party Thursday at 7 30 p m at Mrs George Hanry 1190 English boulevard. Call 616 J if unable to attend.
Lieut. Gen. Henry H. Arnold announced at Miami Beach that the army air forces would reach about 2,500,000 officers and men by the end of 1943, roughly a third of total army strength. He noted the 2,500 graduates of the officer candidate school would vastly exceed the air force roster of 1938 and praised Pacific theater air operations and the network of bases from Hawaii to Australia.
An East Coast port report says a small Norwegian merchant ship was torpedoed and sunk off the northern coast of South America. Fifteen men died and eight of the 23 crew survived after the torpedo struck and boilers exploded. Survivors were hauled aboard the attacking submarine and questioned.
A fire destroyed the Torge Thorson farm residence north of Decorah late Tuesday night. The Stanley Blaise family occupied the farm and most contents were saved. Loss was set at 1000 dollars.
A cluttered Want Ad page lists rates for small horizontal and multi line placements with various prices. It includes beauty shop offers, permanent waves, and service ads from multiple studios and businesses in Cedar Rapids area, plus home services and misc. listings.
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