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Newspaper
The Pocatello Post
Location
Pocatello, Idaho, United States of America
Date
Jun 17, 1949
Page
14
Stocks drift lower in a quiet session while bonds rise. U.S. government securities did not trade. London stocks close firm. Commodities show scattered moves with wheat down 11 percent to 2 dollars, and oats and rye mixed. Hogs drop 50 cents. cattle and sheep remain steady.
New York stocks edged down as mild profit taking set in, with trading lighter than the prior session. General Motors and Chrysler fell modestly while Allied Chemical and Union Pacific saw notable moves. Dow Jones averages closed lower across industrials, rails, and utilities amid cautious sentiment.
Wheat led declines on the Chicago Board of Trade with a 1 percent drop to 254 cents a bushel. corn and soybeans also fell while rye rose slightly. A half hour before close wheat traded as low as 314 cents with little rallying power as hedging and slow buying weighed on prices. News of cash wheat weakness in Kansas City and expectations of expanded harvesting pressured losses across grains.
Cattle 300 head dull and uneven. dairy steers 18-22, medium heifers 20-23, cows 11-16.5, vealers 25-28. Hogs 75 head, butchers 20-20.5 for 180-240 lb, down to 14-17 for larger weights. sows steady. Sheep 680 head. spring lambs and mixed ranch lambs sold 25-27.25 per hundredweight with lower bids on late sale.
Live poultry and eggs led the market with 27 trucks moving hens steady and chickens weak. Prices quoted for broilers and fryers vary by breed, with butter, carrots, and cheese showing differing numbers and quality grades. potatoes arrivals and U.S. shipment totals listed. stock, supply, and demand described as liberal with whites weaker than reds. track and street sales quoted for U S 1 quality across regions.
A suitcase containing girls clothing was lost between Pocatello and Idaho Falls on Sunday. Contact Ann Leigh at 385 West 18th, Idaho Falls, for information.
Friday meteorology notes include considerable cloudiness in Southern Idaho with scattered showers and cooler highs 75 to 82. Utah reports partly cloudy conditions with scattered afternoon thundershowers in the south, minimal temperature change, and cooler areas in the west. Dixie records high near 98 to 100 with a low near 5 in some locales.
Alycidon, Lord Derby's chestnut, won the Ascot gold cup in a historic two and a half mile race. Black Tarquin, owned by William Woodward of New York, finished second, with Irish-owned Heron Bridge, 25 to 1, placing third.
A dense listing of radio stations KSEI KC KSEI FM KEYY KPST KEIO and more detailing daily programs from early morning to late night. It includes shows such as Idaho Farm Roundup Riders of the Purple Sage Fred Waring Show and many news briefs and music hours across multiple stations and time blocks.
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