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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 13, 1942
Page
25
Merryle Stans Rubeyser argues taxes from wartime spending drive a quiet social shift in the United States. Wealthy individuals curb ostentatious living, small luxuries fade, and endowments to universities and arts shrink as public funding rises. Colleges face reduced donations and potential wartime nationalization of campuses, while giving and patronage decline amid higher tax burdens.
Chicago reports livestock prices mostly steady after a week of gains though hogs slipped to new lows since mid June. Hogs steady at 14.40 top with 800 head. cattle up to 16.75 top. calves and sheep strong with western lambs rising to 14.60 while week average near 15.15.
Combined hog receipts at 19 yards and 11 packing plants in Interior Iowa and southern Minnesota for the 24 hours ending 8 a.m. Saturday totaled 22,500, up slightly from 22,100 a week ago and well above 14,300 a year ago. Prices ranged for various weight classes from 12.75 to 13.85 per cwt with steady to higher trends amid lighter weekend movement.
Major market sections fell slightly for the week while select issues rose on active turnover. Average daily volume ran 370 641 shares, with rail and steel groups showing relative strength and utilities improving. Factors cited include taxes war news fuel rationing and farm price parity plans. Retail trade declines the week versus 1941 shortened week, Dunn and Bradstreet notes.
Grain and produce prices listed for Cedar Rapids with No 1 wheat at 102, No 2 98 cents, oats 43 cents, rye 55 cents, soybeans 1.61, hay and straw prices, poultry rates for springs, hens, ducks, geese, turkeys, pigeons, fruit and vegetables prices from Michigan and Colorado, and hides and horse prices. Prices shown in dollars and cents with varying lot sizes.
News from Cheyenne Wyoming reports the promotion of Louis D Burkhalter Jr to major in the United States Army He is assigned to command the First Battalion First Regiment at Fort Francis E Warren Wyoming Burkhalter son of Mr and Mrs Louis D Burkhalter of Cedar Rapids left Cedar Rapids for Fort Warren last September He previously served as captain of artillery in the reserves and held roles on the Fort Warren officers candidate board and as summary court officer for his regiment.
Local permits list numerous projects with names and addresses including William R. Spicer, R. L. Van Meter, Walter A. Shupp, Emmett Kough, and others. Projects include new dwellings, remodels, attached garages, reroofs, and reside work with varied dollar amounts. The entry closes with Iowa Manufacturing company noted.
Lamson Brothers and Company furnish Saturday grain quotations. H R Mowrey is manager with a Cedar Rapids office located at 503 Merchants National Bank building.
A Marine Corps dispatch from Guadalcanal details a coordinated attack directed by Col. Whaling with Companies X Y and Z moving along the Kukum beach road, through jungle fortifications, and securing the main Japanese position. Six Japanese were killed in an early encounter. no Marine casualties were reported amid heavy fire, camouflage challenges, and a key rifle grenade strike on a distant machine gun nest.
A series of small building projects listed across several Minneapolis area addresses includes new garages and remodeled dwellings. Projects feature costs from $25 to $565 with owners Lester Johnson Lester Elam Wicke Brbrandt Pohorsky and others and include reroofing and remodeling at numerous NE NW SE SW street locations.
Chicago report shows wheat steady with small shifts for corn and oats. government loan totals rise as 1942 wheat loans reach 113,067,000 bushels. Shippers move 25,000 bushels wheat and 38,000 corn to outside mills. Cash wheat and corn prices listed by grade, oats chiefly unchanged to modestly higher.
Chicago Markets report butter receipts 652000 plus pounds with firm market and varied scores from 91 to 93. Extra firsts and current receipts noted. Cheese Twins and daisies noted with percentages. Potatoes arrivals total 75 on track 191 with moderate supplies and slow demand. Idaho Russet Burbanks and Wiscon sin cobblers listed with wash and unwashed prices. South and North Dakota prices given for Buss Triumphs both washed and unwashed.
U S Agriculture hogs receipts 1800 salable 800 top $14.40 for the week down 25 percent with an early top of $14.70 and lows to $13.65. Cattle receipts 800 salable 200 calves 100 salable 100 steers and yearlings closed strong with high steers to $14.75 and top yearlings at $16.40. Heifers yearlings $15.60 cows $10.75 to $12.00 bulls to $12.00.
In Austin Minnesota buyers are shown a long list of live livestock prices by weight and category. The pricing includes ranges from 140 to 500 pounds with figures for 160 170 170 180 200 240 270 300 330 360 400 450 500 pounds and varying per pound rates. Packing sow categories are also listed with weights 270 330 and 360 pounds.
Secretary of Labor Perkins reports unchecked food prices drove an 0.4 percent rise in the August cost of living versus July. She notes uncontrolled foods rose sharply while regulated items fell slightly, with lettuce, sweet potatoes, butter and roasting chickens leading gains and services like barbers and hospitals also showing increases.
American war supplies are flown from India to China along a new 600 mile night trail blazed by US army flyers after day transports faced Burmese Japanese threats. Captain John Payne led the route in a Douglas transport using only instruments amid icing and storm dangers.
Payne and his picked crew descend to shed a inch and a half thick ice coating on the wings then land. Lieut Jack Crossett co pilots from Springdale Washington with Capt John Bordeno Kansas City base operations officer as observer and Pasquale Maida from Philadelphia on radio. Payne notes they hit the airport right on the nose despite bad weather and unfamiliar terrain.
Washington leaders debated how to curb living costs with Roosevelt to gain full or partial power. Senate and House members met Saturday to align on a price control bill with a Sunday session planned and possible action Monday.
AP reports that Nazi propaganda chief Goebbels shifted his stance from calling raids nuisances to urging citizens in Cologne Hamburg Duesseldorf and other cities to remove incendiary bombs from rooftops. The BBC quoted Das Reich noting Britain’s raids forced the change.
President Roosevelt urged Congress to pass laws stabilizing farm prices and wages to curb living costs and support the war effort. He linked rubber shortages and fuel rationing to broader economic controls, warning he will act if Congress fails to act by October 1.
New York trading shows buying of specialties lending support to the market while the week remains weak. The Associated Press average of 60 issues is flat at 366 with a slight weekly dip, and total shares traded near 116 thousand, down from 145 thousand a week earlier. Gains appear for Standard Oil of New York Consolidated Gas of Baltimore Glen Alden Coal and Gulf Oil while Electric Bond and Share Lake Shore and Panamerican have about even results.
Salable receipts include 500 calves cattle with varied shifts. beef steers and yearlings steady to 25 cents lower. cows and heifers mixed. Hogs scarce on sale for market test with nominally steady trade. slaughter classes 25 to 75 cents lower. Sheep and lambs higher on native and western lots with feeding lambs weak and breeding ewes around 6 to 7 dollars.
Bank clearings in Cedar Rapids fell last week compared with the same week in the prior year. The total for the week ending September 12 was $1 475,891.49, versus $1,624,718.38 for the week ending September 13, 1941, a decline of $148,826.89.
Mechanicsville reports Frank E. Woods will become owner of the hardware and implement store long run by his father Charles E Woods for 22 years. The new owner has worked in the business for 18 years alongside his father.
Hogs steady with receipts around 200. Barrows and gilts mixed with prices near 1350 to 1375 for select weights. Cattle receipts about 600 with slaughter grades steady to lower. steers and yearlings show varied price ranges up to 1500. cows steady, bulls higher. Sheep receipts 1200 with fat lambs and ewes near steady to lower. range spring lambs about 13.85 to 14.13, native lambs around 13.90, yearling ewes up to 6.00.
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