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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 24, 1941
Page
9
Chicago AP reports Thursday activity shows lighter hogs losing up to 30 cents while 230 lb and heavier hogs hold steady to strong. Cattle and sheep markets mixed with thin rounds. yearling steers improve, but weighty steers soft. Dressed pork unchanged. prices vary by weight class across major livestock markets.
AP wire reports hog receipts about 2,500 with moderate activity and higher weights. Sows and bulls show strength, barrows around 84 to 89 dollars per cwt. Cattle sales show 1,200 pound plus weights steady to higher with good to choice yearlings and steers active. Bulls remain firm and slaughter steers near 10.73 to 11.65 per cwt.
Cattle receipts 3,200 with total 3,300. weights under 1100 lbs steady opening, choicest at 948 lb mixed yearlings $12.00, common to medium $7.00 to $9.50, cows steady $5.25 to $8.50, bulls $7.50 to $8.50, stock cattle demand narrow. Hog receipts 5,000 with total 5,700. bids around steady, good to choice 200-230 lb at $11.40, 240-270 lb at $11.40, sows $10.15, feeders not traded. Sheep receipts 2,300 total 2,500. spring lambs 12.10, ewes $11.25 to $11.80, mixed lots and truck-ins noted.
Combined hog receipts at 19 yards and 11 plants in interior Iowa and southern Minnesota for the 24 hours ended 8 am Wednesday totaled 31 700. vs 22 500 week ago and 25 500 year ago. Prices varied with weights and loads, good and choice 160-190 lbs at 10.40-11.50, 180-240 lbs at 11.18-11.55, 240-270 lbs around 11.05-11.45, 300-360 lbs around 10.40-11.00, sows 270-330 lbs 9.90-10.30, 360-400 lbs 9.60-10.00, 400-450 lbs 9.30-9.65.
HOGS salable receipts 200 uneven open around steady to lower with 1647 sale trade 40 cents off. Packing sows decline. top $11.50 for good and choice 230-240 lb sows best rate $11.40. CATTLE salable receipts 350 slow to weak with cows down 25 cents. yearlings around $1200. steers $1106 to $1160. stockers slow. calves steady. vealers top $15.00. LAMBS salable receipts 730 native spring lamb steady. bulk good to choice $11.35 to $11.75. ewes $4.50.
Local hog prices continue their downward trend as prime grades fall 5 to 10 cents while packers hold steady. Hog weights span 140 to over 300 pounds with varied price quotes. cattle and sheep values follow, showing mixed gains and losses across grades and weights.
The midweek Boston wool market remained fairly active with February USDA figures. Sizable quantities of staple combings half blood territory wool sold at 1.03 to 1.05 scoured. Graded good French combing lengths fine territory fetched 1.05 to 1.07, short French combings 1.02 to 1.03. Medium grades territory wool moved at 0.934 to 0.946 scoured for combings broad and 0.86 to 0.87 for combing 14 blood. Fleeces were slow with little change in quotations.
New York traders ended the session with uneven gains and slower activity after an early rally. Turnover was about 500000 shares as motors and rails slipped while top names like Chrysler and Santa Fe finished only modestly higher. Commodities gained modestly with cotton and grain inching up. several blue chips showed small losses or fractional dips.
Wednesday stock quotations include Adams Express 744 Intl Nickel 29, Alaska Juneau 1c, Hale 160 percent, Allied Stores 81s, Johns Manville 37, Lockheed 29 46, Boeing Airplane 22, Coca-Cola rivals, General Motors 5B, Ford 1 72, Union Carbide Jess, Zenith Radio 54 percent, and many others across banks, petro, steel, and manufacturing firms. The list reflects broad market activity with numerous named corporations and prices noted.
Grain prices listed include Wheat No 1 61.02, No 2 gBc, Oats No 2 42c, Rye No 2 70c, Barley No 3 24 45c. Hay and straw prices, poultry, eggs, fruits, vegetables, and hides shown with various regional figures and descriptors.
Chicago futures for grain and soybeans gained as cotton and cottonseed oil activity pushed prices higher. Wheat led gains with around 34 to 7% cents, soybeans up about 21 cents, corn and oats also higher, while weather remained partly cloudy with scattered rain in the grain belt. Cash quotes listed for wheat, corn, oats, barley, soybeans, and field seeds with modest futures action and offerings later easing.
Chicago market receipts show 43 poultry trucks with steady demand and heavy white ducks. Butter receipts at 750 445 lbs with firm market and varied scores. eggs at SAS cases with market firm and mixed grade prices. cheese, potatoes, and other dairy products listed with regional price ranges and specific varieties. New York produce notes include egg and butter price shifts, with creamery and whole milk cheese details and state yields.
Bond markets closed with Treasury notes around 3 16s at 110.15 and Federal Farm Mortgage notes near 106.80. Jones Averages show mixed results with industrials and rails down slightly amid overall declines in utilities and other broad categories. Transactions totaled 142,700 across 65 stocks.
In Denver a 13-year-old uncle shot and killed four-year-old Donald Stehle during a game of cops and robbers. The boy, who called himself a robber, was struck when the uncle Ben Green, acting as policeman, fired a rifle believed unloaded.
The Florida ship canal proposal resurfaces as part of a record omnibus bill. Plan would link the Atlantic via St Johns and Ocklawaha rivers to the Gulf, 190 miles long, 400 feet wide, 33 feet deep, with six years of construction. Opponents call it pork barrel funding. supporters cite time and fuel savings and wartime security.
The Williamsburg Infantile Paralysis association reelects officers with a new medical adviser to be announced in October at Homestead. Toledo reports Viktor Monek facing false issuing charges and Norman Faught held on forged instrument charges with prior records. Delta notes a large birthday gathering, Toledo approves new council furniture and pool site, and captures street work. Monticello announces the marriage of Virginia Schneider to Larry Robertson in Maryville Missouri. Volga City lists newly elected class officers across all grades.
Washington AP reports ongoing confusion over Thanksgiving by state. About two thirds will celebrate on Nov 20 per Roosevelt, while one third keeps Nov 27 as the traditional date. states shifting include Massachusetts and Maine toward the Roosevelt plan, with others like Georgia and Nebraska sticking to or switching away.
Des Moines AP Hawthorne president of the Iowa Farmers union urged a restoration of free enterprise at the group's annual convention. He warned against one man rule and argued prosperity comes from reviving free enterprise and democratic conditions. He cited other nations recovering prosperity by preserving enterprise.
A wage suit was filed in federal court naming Witwer Grocer Co as defendant and I O A Foods as employer. The plaintiff seeks 1232 for alleged unpaid minimum wages and overtime. Judge George C Scott set Oct 3 for briefs. a prior related case against Weaver Witwer under 0 A Foods was dismissed without prejudice.
Western Pacific officials blame the freight engine crew for the head on collision with the Chicago bound Exposition flyer near Livermore California. Three killed ten injured with many shaken. The engineer and fireman cited for responsibility after a possible watch slowness. Formal investigation pending by railroad and interstate commerce commission.
Hollywood reports Mickey Rooney and Judy Garland at Rooney's twenty first birthday party. Rooney jokes with photographers as Garland and he pose. Rooney remains the same lively youth, despite reaching adulthood.
Melinda Roe daughter of Mr and Mrs Oscar Roe Harpers Ferry and Joseph Olson son of Mr and Mrs Alfred Olson Clermont were married July 28 in Kahoka Missouri. A shower dance in their home in Waukon followed Friday night.
Senator Herring said the OPM would open an Iowa office within two to three weeks to spread defense contracts. The office will survey existing plants for subcontracts and help secure materials for defense and non-defense plants, in cooperation with the price administration and civilian supply.
The nationwide campaign collected about 11.8 million pounds of scrap aluminum from July 2 to 29, far below the 15 to 20 million target. Analysts estimate the net aluminum yield at around 7 million pounds, with the rest comprising iron and steel components.
Luther II, general manager of Iowa Broadcasting, testified at a FCC hearing that national radio advertising benefits from newspaper program publishing. The Des Moines Register and Tribune Publishing company controls Iowa Broadcasting, which operates KSO and KRNT in Des Moines and WMT in Cedar Rapids. Gardner Cowles Jr. presides over the broadcasting group and Gardner Cowles Sr. leads the publishing firm.
Directors of the Farmers Grain Dealers Association of Iowa meeting in Fort Dodge protested the 1941 corn crop loan rate and the differential plan. Under a letter from Carmel ine of Marcus, the association criticized farmers bearing higher costs and paying major transportation or livestock feed costs for competitive areas.
Jackson report shows Rep Wall Doxey likely securing the Mississippi senate seat over Rep Ross A Collins. Unofficial returns suggest a margin of 3 000 to 5 000 votes in the vacancy caused by Senator Pat Harrison's death.
John T. Dowd former sheriff sought in Boston on bribery charges was arrested in Ventura County after a chance traffic stop. In jail he admitted making a mistake and said he had waited for a knock on the door. He refused to say where he had hidden.
Bulgarian transport ministry orders district chiefs to list railway workers who are Communist party members within three days. Those workers must be dismissed under applicable law.
Albert La bouchere, 58, a retired international banker who fled Brussels at the outbreak of World War II, died Wednesday from a fractured skull suffered when the taxicab he rode in collided with a truck on Tuesday in New York.
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