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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 14, 1949
Page
2
Thursday estimates show USDA receipts around 9 000 cattle and 2 000 sheep. Lightweight hogs fell 50 cents to 1 00, with heavier weights scarce and generally down 25 cents. sows steady. Cattle unevenly steady to 1 00 higher, sheep strong to 25 cents up. Top values include choice fed steers around 34 65 and bulk cattle trading varied by weight and grade across the day.
Seageeete reports USDA cattle sale in Omaha with 9 500 calves salable. Choice fed steers rise 25 to 50 cents, fed steers and heifers uneven. Cows sit steady to weak, bulls steady to strong. Vealers steady as stockers and feeders mix. Notable prices include fed steers around 32 to 34 dollars, medium cows near 15 dollars, cutters and common cows about 12 to 13 dollars.
New York trading opened with a rally but failed to sustain gains. Volume reached over 1.7 million shares, one of this year’s heaviest sessions, with most leaders turning lower after Tuesday’s advance.
Receipts for the week show Wednesday estimates at 35 000 and weekly at 44 000 with Tuesday actuals 46 590. Markets reflect uneven activity and mixed prices for hogs under 240 pounds with discounts up to 1.00, heavier hogs steady to 50 cents higher, sows mostly steady to 30 cents higher. Price ranges include 169 to 180 pounds at around 19.25 to 20.50 per cwt and 240 to 360 pounds with various cents per pound figures across categories.
Reeepers 25 50c off OTTUMWA HOGS with various weight ranges and price per hundredweight. Notable quotes show top $20.75 for large sows and killings of prices across 130 to 550 lb ranges, ending around $14.50 for 500-550 lb pigs.
Market listing shows wholesale live weights and down to 50c off and top price 20.75 for various hog weights including 180 to 330 pounds. The fragment lists prices for sows and barrow categories with weights from 119 to 550 pounds and notes discounts and ranges.
The Cedar Rapids hog market posted declines of a quarter to 75 cents on Wednesday with top hog prices at 20.75 for prime butchers and 19.50 for packers. Other market items include fruit and vegetable prices and commodity futures such as butter and egg futures for September 1949.
Live poultry receipts include 28 trucks with a weak market. Various chicken cuts and breeds show prices from 22 to 29 cents. Butter, eggs, and potatoes list sizable receipts and soft or nervous to steady trends. Egg prices firm for extras, potato demand light with mixed regional prices noted.
AP report details butter and cheese market activity in New York with wholesale bulk carton receipts for butter at 725,786 and cheese at 468,222. Spot quotations indicate mixed lots and varied scoring terms, with prices around 59 to 67 cents per pound for dairy items and related wholesale terms.
WAUKON Dr J H McCullough 77 died at his home Wednesday morning. He had practiced here for more than 50 years. His wife a son and four daughters survive.
Chicago market report shows wheat corn and oats slipping as traders react to supply and demand shifts. Prices declined across grains with traders citing harvest progress and milling demand as contributing factors.
Chicago commodity report shows wheat futures slumping in late trading with long selling, corn and oats dipping, soybeans rallying near the close, and various September prices for wheat corn oats rye soybeans and lard listed with small changes.
AP dispatch from CHICAGO shows quotes for wheat corn oats barley and soybeans with No 1 and No 2 grades and several price points. Prices range around 1.20 to 1.62 for barley and lighter notes on oats and soybeans.
Kansas City cattle market shows 7 000 calves 1 300 medium good fed steers, steady to weaker bidding. High to choice steers limited in supply. grassers steady. cows steady to lower. bulls vealers and killing calves unchanged. Load choice 1 358 lb fed steers 30.50. lightweights 30.00. heifers 24.00. common to medium cows 14.50 to 16.00. add head to 17.00. top cows 25.00.
Sioux City AP report shows cattle receipts around 8000 head with calves weak and cows mostly steady. Stockers and feeders firm while loads of choice cattle price around 33.50 per hundredweight and various classes range from 12.50 to 42.00 for stock steers and lighter weights.
A burning railway trestle over Lake Temps Clair near St. Charles Missouri forced all Burlington trains in and out of St. Louis to be rerouted. Volunteer firemen reached the blaze after traveling 21 2 miles over rail ties. the trestle was badly damaged. Passenger trains between St. Louis and Minneapolis were rerouted via Louisiana Missouri and Burlington, running about 1 1 2 hours late.
Dial 5146 for Century Cabs with two way radio service and new phone dial 6161. Amos L. Smith recovering after surgery at St Luke's hospital and now allowed visitors. Linn County Mental Health center directors meet tonight at 6 at the Montrose hotel to elect officers. Linn County Displaced Persons committee meets Thursday at 4 at the Chamber of Commerce to discuss housing and employment for potential arrivals. Curt Hockaday of Manchester fined 50 for speeding. Arthur Bezdek of Marion fined 25 with 25 of Hockaday’s suspended.
A 69 year old man tied to more than 100000 dollars taken from investors in five Midwest states including Iowa was arrested in St Paul. Ingwald S Steensland named in federal indictment for mail fraud and issuance of fraudulent stocks. He was held on 2000 dollar bond. Steensland allegedly claimed his company held title to vast Canadian timber and coal land via a friendship with President Roosevelt.
World Bank President Eugene Black challenges U.S. tariff policy arguing tariffs must adapt as the dollar crisis looms. He calls for ending home market protection and aligns with reciprocal trade treaties to aid undeveloped areas while warning against complete free trade amid potential wars and shortages.
The U S Treasury shows a deficit of 3.304 billion dollars for the first 10 weeks of the new fiscal year. Weekly income averaged 507.137 million while spending averaged about 1 billion, totaling 837.616 million per week and marking a 2 billion dollar rise in cost from a year ago.
Iowa City reports the sharp decline in Iowa farm product prices from mid 1948 to mid 1949 has leveled off with stability in the last six months. Agricultural prices fell 24 percent between July 1948 and July 1949 while the national cost of living declined 3 percent. Manufacturing employment in Iowa dropped 1.3 percent from June to July due to farm machinery industry work stoppages.
New York. Alger Hiss will be retried on perjury charges October 10. The date was set after a conference between Assistant U.S. Attorney Thomas F. Murphy and Federal Judge John C. Knox. The presiding judge's name was not announced.
The AP reports that private American capital is wary of overseas bets despite World Bank and IMF urges. Banks cite high US yields and tax incentives at home, urging the President's foreign trade panel to create better conditions for private investment abroad and in Britain. Andre Istel notes US hesitation drives investors away from abroad.
The post office polio fund total rose to 21.22 on Wednesday aided by two boys Raymond Fox 8 and Paul Fox 5 whose home banks yielded 14.22 and clerks added seven more. The money and 62 letters were sent to state polio headquarters in Des Moines.
Des Moines AP reports federal housing officials told Gov. Beardsley Iowa could qualify for loans and grants to build about 10 000 family units over two years if state law authorizes applications and cities with 2500 plus population file. Funds not yet allotted by Congress. Beardsley said he would seek legislative guidance on a possible special session.
The 1949 World Series opener is slated for October 5 at the park of the American league pennant winner, decided by a meeting of Baseball Commissioner A B Chandler and club reps. If a playoff is needed to determine the pennant, the opener would shift. If AL ties, one game decides. if NL ties, best two of three. Eastern vs eastern implies consecutive dates. if Cardinals win NL and an eastern team wins AL, two travel days occur.
Sixty nine peace officers registered for the 40th annual Iowa Association of Chiefs of Police and Peace Officers convention in Waterloo. President Harry Kreig of the Waterloo police opened the two day meeting with talks by Black Hawk County Sheriff H T Wagner County Attorney Blair Wood and Ottumwa Public Safety Commissioner Edna Lawrence. Officers will be elected Thursday.
Marion notes visitors from Glendale and Chicago visit relatives and attend family events. A birthday party at Emerson grade school, a dinner for John Snell, and a European trip return are reported. Four-H clubs elect officers, hold talks and demos, with planned gatherings and a Wiener roast.
The Mary Lowe Dickinson circle of King's Daughters realized 12.75 dollars for the emergency polio fund at a Tuesday meeting held at Miss Bess Patterson's home. Miss Irma Steen assisted the hostess. Mrs. Olive Tower of Los Angeles visited her relatives Mr. and Mrs. C. E. Pearson.
Two labor endorsed candidates defeated Mayor Eugene van Antwerp in the Detroit run-off for the November general election. Council President George Edwards and City Treasurer Albert E. Cobo led after representative voting machine precincts counted. Cobo welcomed AFL endorsement. Edwards had UAW CIO backing.
Hal Boyle argues America shows growing maturity after war years with stability and responsibility. People favor saving and leisure over reckless spending, seek security rather than quick profits, and the Steelworkers union pursues pensions, signaling aging workforce and wiser life planning.
Des Moines. Gov William Beardsley announced 12 Iowans will represent the state at President Truman s conference on children and youth in Washington next summer at their own expense. The four year event was begun by Theodore Roosevelt. Des Moines physician King Palmer will chair the Iowa delegation which includes Dr Ralph Ojemann of the University of Iowa child welfare research station.
Robert Hafner of 425 Memorial Drive SE pleaded innocent in traffic court after being arraigned on a reckless driving charge. Judge William Matias set a Thursday 8:30 a.m. trial as police chased him from First Avenue East to an alley between Thirteenth and Fourteenth Streets.
HOLLYWOOD IN S That broad toothy grin is Bob Hope as Pagliacci. Superior Judge Clarence M Hanson rules Hope radio broadcasts must be live not transcribed, upholding a decision for Lever Brothers Inc The seven year contract began at 20000 weekly now 23500 and will reach 25000 before expiry.
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