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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 02, 1942
Page
3
Hog futures and live hog markets show a sharp uptick as buyers return after a period of volatility. Traders cite improved demand signals and seasonal demand, with US supplies remaining tight amid export interest from Asia and Europe.
AP reports modest hog price recovery in Chicago after two down days. Gains reached 15 cents on heavier hogs with later trade softer, top hogs at 14.70, steers steady near 16.50, cows and bulls weaker, good demand for yearlings, lamb bids down to 14.25.
Hog receipts light with tops around 14.70 while nontop bids ran 14.50 to 14.65 for Washington springers. Cattle receipts at 14,000 with choice fed steers steady to higher on light shipper supply. cows weak to 25 cents lower and bulls mostly steady.
Salable receipts 2 300 hogs and 2 500 sheep with active cash trade. Cattle steady to higher with choice feeder steers 15.50 to 15.65 per cwt and fat cattle around 13.25 to 13.50. cows and bulls 9.00 to 10.00. Hogs top 14.10 with 200 to 260 lb butchers 13.65 to 14.10. Spring lambs 13.75 to 14.00 with ample supplies expected South Dakota and Iowa market notes.
Hogs receipts around 3000 with trade 10-30 cents higher on most classes. top hogs about 14.25 with bulk around 14.90 to 14.15 for 240 lb. cattle receipts 6200 with steadier tone on slaughter classes and declines in some categories. cows and yearlings range from 11.00 to 14.85 with specific lots noted for heifers and calves. Sheep receipts near 19000 with lambs steady and fat lambs and ewes priced across multiple weight bands.
Combined hog receipts at 19 terminal yards and 1 packing plant in interior Iowa and southern Minnesota for 24 hours ending 6 am Wednesday totaled 17 900 head, down from 24 000 last week and 19 000 a year ago. Loads considered heavier than last week with varied price ranges by weight. good sow prices listed.
Hog and cattle prices advance with hog receipts around 10 to 25 cents higher and bulk cattle range 11.50 to 53.40 with vealers topping near 16. Sheep bids steady with spring lamb around 13.75 and overall receipts near 690 head as markets close.
Grain prices and market quotations provided by Lamson Brothers and Company with contact details for H. R. Mowrey at the Cedar Rapids office in the Merchants National Bank building.
OCR fragment lists egg receipts and prices across states with uneven figures. Mentions Iowa Wisconsin Ohio North Dakota Minnesota and U S Commercials with washed and unwashed eggs and prices ranging from about 95 cents to 2.00 dollars per dozen.
Receipts show steady mixed color values for eggs and higher dairy prices. Butter remains strong with 92 score average and 435.444 value. cheese prices firm with no change. dressed poultry notes frozen northwestern young toms at 36 to 40 cents per pound and various frozen breeder and breeder hens prices, plus fresh boxed sets at 35 to 38 cents per pound.
Prices listed include November and January figures for butter storage and eggs refrigerator standards with figures 3.42.95 for November and 42.30 for January.
Cedar Rapids hog market prices rose Wednesday after a weeklong slump. Hogs up to 240 pounds gained 10 cents, over 240 pounds rose 15 cents, packers up 15 cents. Top butcher price reached 14 dollars with long hauls at 14.10 dollars.
Wall Street stock quotations show J. Bennett up two million in value amid a broad list of industrials and utilities. Major movers include Allied Chemical, Am Tel & Tel, G. M. alternates, and several railways with varied gains. The page lists dozens of tickers with fractional percentage changes and notes trading activity across multiple sectors.
Grain and feed prices list Wheat No 1 1.02 No 2 98c New white No 2 43c Soybeans No 2 61.87 Hay and straw prices Bale hay 10 to 13 priced. baled straw 9 to 10. Poultry market rings per pound rates: over 5 lbs 23c under 8 lbs 2c hens over 4 lbs 16c. Leghorn hens 9c thin and crooked breasted 4c. Misc fruit and vegetables and hides listed with assorted unit prices. Street location Cedar Rapids.
U S Department of Agriculture reports domestic wool market firm with foreign wools spotty. Western wool auctions offer about 1 000 000 pounds with roughly 850 000 pounds sold. Effrines were mostly fleece and half blood territories. Prices moved to the ceiling.
A small group of industrials and senior utilities advanced on Wednesday while most shares stayed near price limits. Electric Power and Light and American Power and Light preferred shares rose about three points in late trading after last week’s SEC dissolution order sparked a rebound. transfers reached about 250000 shares. Strong gainers included du Pont US Steel Johns Manville US Gypsum Sears Roebuck rubber and Great Northern with Bethlehem Steel GM United Aircraft and Douglas lagging slightly.
Davenport lawyer Martin L. Leir announced he will not accept the offered job as assistant attorney general to be filled by John M. Rankin. Leir said he will continue private practice in Davenport.
Washington authorities lifted maximum prices on canned applesauce apple juice dried apples and related items to offset higher raw fruit costs and rising input prices from the prior year.
Chicago grain markets closed with wheat down 4% to 4% per bushel, corn off 44 to 5 cents, oats steady to up percent, and rye falling 14 to 4 cents as trading ended.
AP dispatch from Chicago lists prices for several commodities with prices per bushel or unit. Wheat No 2 hard futures and corn No 1 yellow reported, along with oats, barley and timothy hay values. Lard prices noted at $2.90 per unit and other fat-related figures listed.
In the final hour the market showed a slim edge for advancing issues with Southern Pacific 3.4s, Northern Pacific 6s, Missouri Pacific 5s, and Kansas City Southern 5s. St Paul over the counter and foreign dollar bonds like Canada 3145 and Chile S showed varied activity as prices improved on the day.
Twelve firms were reported over the top in the 10 percent war bond deduction drive on Wednesday. Notable names include Illinois Central Railroad Cedar Rapids division of John Deere Moline Champlin Refining Howard R Green Cedar Rapids Blanket Specialty Hawkeye Tin Shop Barker Shoe Kaybee Shoe Hat Land The Dixie Shop and Chandler Company. Petersen Baking Company, omitted earlier, was later added to the honor roll at the war bond office.
The Linn County Board of Supervisors awarded three printing contracts to low bidders. LeFebvres received 693.15 for 1943 assessment books, Pioneer Lithographing 852.54 for assessment rolls, and Iowa Printing 148 for homestead tax credit applications. Other actions include bond approvals for Castle Brothers coal contract, extended leave for Ray Coutts, reelection of Walter Sturp as county superintendent effective Sept 1, resignation of Norma Knight, and a salary raise proposal for Laura Davis that failed.
A petition for judgment of 110 was filed Wednesday against L A Low of Menio by H Bauer of Des Moines, collector for the LaSalle Extension University of Chicago, a correspondence school. The petition claims Low owes for instruction received. Arthur R Wheeler filed for divorce Wednesday from Margaret Wheeler in Davenport amid assault allegations. George Warren, 80, of 1318 Twenty second avenue SW, pled innocent to a statutory charge at arraignment before Judge G K Thompson Wednesday after arrest by Deputy Sheriff Harlan Snyder.
The Ed Gossman man slaughter case linked to Charles McIntyre death proceeds slowly with a two hour delay as jurors miss. Sheriff Harms testified Gossman admitted involvement and showed an unsteady gait while McIntyre’s hat and wound were discussed. A noon recess occurred amid ongoing testimony from Percy Blount and Herman McMullen.
George Dorsey travels to Clinton Wednesday due to brother Edward Dorsey’s serious illness. Mrs. Stewart Foyler underwent major Mercy Hospital operation Tuesday and is listed in fair condition. Mizpah lodge 63% A F and A M calls masons to a 8 p.m. Wednesday meeting at the Masonic hall. Mt Herman lodge 263 to hold business session Thursday at 7 30 p.m. at the Masonic hall with refreshments. Henrietta Kruidenier, student nurse at St Luke’s, had emergency appendectomy. Scene listed as satisfactory. Cedar Rapids Life Underwriters to begin fall season Friday luncheon at Montrose hotel with program by F Wallace Darling.
Al fred and Mrs. Pederson of Rossville report their son Wendel, 18, on convoy duty in the Atlantic is missing in action after a collision sank another ship. He trained at Great Lakes after enlisting last spring and is survived by his parents and two sisters Ah ea and Leonette. The river fish of Quebec are noted, with Atlantic salmon highlighted.
Scattered lost items and reward offers fill a clipping with items like a black purse a movie camera a keepsake amethyst pin and watches. Local names and contact numbers appear alongside terse notes indicating rewards and locations such as Ellis Street 6th Street Palisades and the SW side.
A dense jumble of ads lists items for sale and services including cash for guns and jewelry, watches, cameras, clothing, and tools. It also mentions vehicle sharing, printing, insurance, and household goods with contact numbers and locations in Cedar Rapids and nearby towns.
In August Linn county sold seventeen new cars and two new trucks. This compares with 164 cars and 44 trucks in August 1941, showing a rise of three cars from July and a drop of one truck from July.
Mr and Mrs George E Kendle of Kewanee Ill were slightly injured when their car rear ended another vehicle about 18 miles west of Cedar Rapids on highway 30 Tuesday afternoon Mrs Kendle had lacerations to forehead and knee while Mr Kendle sustained chest bruises Both were treated and dismissed from St Luke s hospital
Classified notice seeking workers including two waitresses and a cook for small restaurant and housework helpers. Listings mention care for children no washing duties, sewers, and room and board options. Respond via box numbers and phone listed in Gazette regional page.
Des Moines AP report: at a state commerce commission conference about wartime travel limits a composite survey will be sent to Joseph Eastman US director of defense transportation. The commission acts as a clearing house and will not advise consolidations. Eastman may order suspensions even over state objections. Conference aims to reveal duplications of service and potential rail cuts where bus service exists to free equipment for other uses.
Cedar Rapids officials affirm homestead tax exemption credits for service members have existed since 1941. City Assessor Jim Scolaro rebutted an Associated Press report noting Senate File 248 and an April 25 1941 attorney general opinion. The local office has granted the credit during absences in service including rented homes.
Funeral services were held in San Diego California for John Franklin White 73 a former Marion resident who died Sunday He was born in Marion and lived there until twenty years ago He spent 55 years in the baking business Survivors include his wife Jettie P White of San Diego and four sons Lisle J James and John F
Funeral services will be held in Jacksonville Illinois on Monday for Burwinkle.
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