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Newspaper
The Pocatello Post
Location
Pocatello, Idaho, United States of America
Date
Nov 23, 1948
Page
10
Stocks closed irregularly lower in quiet trading. U S government bonds did not trade. Silver held at 73% cents per ounce. Wheat futures were unchanged to up 54% cents, corn up 1 cent, oats up 4 cents. Hogs and cattle rose while sheep remained steady.
Wall Street slid as traders awaited the Truman administration proposals amid favorable corporate news and a Crowell Collier autos survey predicting continued demand. Analysts cite a wait and see stance until policy details emerge. several majors fell including Allied Chemical, Chrysler, U S Steel, and General Motors amid a market slate of bullish earnings.
New York stocks eased in light trading Monday with Inger Manufacturing down over 2 points and Parker Pen and Quaker Oats each off more than a point. Fractional declines appeared for Cities Service and others while Sunbeam Corp rose nearly 2 points and General Pencil and United Gas Corp gained about a point.
In New York on Monday bonds moved irregularly in light trading. Rail stocks showed gains near a point driven by Erie 44s of 2015 and Canadian Pacific debentures, while Pennsylvania General 41s of 1965 and St. Louis San Francisco 4s of 1997 posted fractional losses. Utilities saw Third Avenue Transit Adjustment 5s of 1960 rise over a point and American & Foreign Powers 2030 fall by a similar margin. Industrials remained mixed and quiet.
Stock averages mixed with industrials and rails near recent closes. Kansas City livestock markets show hogs steady to higher, cattle and calves up to 50 cents, good fed steers around 26.50 to 29.00, and lamb prices holding above 25.00 with steady demand.
Chicago livestock sales show hogs 75 cents higher on barrows and gilts with top around 23.50 for light loads and most 22.25 to 23.25 for 170 to 240 pounds. Cattle and calves active with steers 50 to 100 higher, cows 25 higher, bulls steady to 25 lower. top steer price 39 with strong demand for good beef cattle. Sheep generally steady with slaughter lambs about 24.75 to 25.25 and ewes around 9.50.
Hogs 7500 sold 1.00 to 1.25 higher with good and choice 180-300 lb pigs at 22.75 to 23.25 per cwt. Cattle 15 000 and calves 1100. Fed steers 1200 lb steady to strong. lightweight steers 31.00-32.00. medium to high good steers 24.00-29.50. heifers 23.00-27.00. Stockers and feeders softer. several loads of choice yearling feeder steers 27.00. Sheep 6500 market not established.
Market reports show buyers seeking higher bids for slaughter lambs with bids above 25.25 per hundredweight. Sellers push for stronger prices as demand remains steady and traders note limited supply in the region.
Denver market reporting cattle at 10 500 strong with feeders and steers steady to higher. Beef steers 25 to 29 dollars, beef cows 17 to 19, vealers 20 to 24 50, slaughter calves 20 to 24 50, feeders 19 to 20 dollars, heifers 21, calves 18 to 30. Hogs 800 head with prices 20 to 25 50, sow around 20. Sheep 8000 yet no broad trades early, buyers cautious though lambs above 25 50 when offered.
The market shows hens at 28 to 37 cents a pound with several varieties of turkeys and ducks quoted. Eggs brown and white mixed at 47 to 64 cents, butter and cheese prices noted, onions described as dull, track sales in 50 lb lots with Colorado sweet Spanish at 1.60 to 1.80.
Ogden Livestock reports cattle activity by class and price ranges. Cattle opening lower on new heifers and cows with mixed steers. grass steers 20 to 22.75, common 16 to 19. Bulls 19 to 20, beef bulls up to 21. Feeder steers 18 to 22. Hogs opened 1 higher with butchers and sows at 21.5 to 23.5 for various weights. Sheep 7470. weekly trade steady. four cars good four choice lambs at 24. Few good ewes sold early.
Portland Oregon livestock dealers report very slow cattle trading with few early sales up to 50 cents higher. Beef cattle rise to 26 to 28 per hundredweight in limited loads while common grades stay near 19 to 22. Vealers steady 26 to 26 50 with odd 28. Cows and bulls range 18 to 22 for cows and 22 50 for good bulls.
Calves around 390 lb sold well one lot. Hogs 750 head market slow, 50 cents higher, many weights priced. Sows 18.50 to 19, lighter 20, feeder pigs up to 26.75, some unsold. Sheep 1200 head demand narrow, bids scarce, steady around 21, slaughter ewes 8 to 9, some 9 stock.
Billings stock market notes cattle with 2400 cattle and 800 calves. Beef cows and bulls show gains while stockers steady to strong. Hogs and sheep also higher with feeder lambs at 21.50 and slaughter lambs 23.25. No early action on slaughter classes for sheep.
Grain futures on the Chicago Board of Trade finished mixed as wheat rose modestly while corn and soybeans gained. Cash markets showed firm undertones with No 2 yellow corn around 1.42 to 1.43 a bushel, CCC purchases reported in Kansas City and Minneapolis oats up while rye slipped slightly.
Cash grain report notes wheat prices higher as Chicago futures advance, signaling active demand. Market watchers cite stronger export prospects and firming US weather data supporting the rally.
The report lists basis figures and futures prices for No 2 red, 3 red, hard red, corn yellow and white oats, mixed heavy, heavy white, and soybeans. It also notes malting and feed barley price ranges, with several price points in the 100s and 200s across multiple grades and tracks.
L. A. Dairy Los Angeles market prices list wholesale eggs by size and grade along with packaging and consumer carton prices. Poultry rates include leghorn broilers fryers colored roasters fowl and whites, with butter retailer carton prices to follow.
Cattle offering 950 with scarce steers and few loads of stockers and feeders. Cow and dairy runs large, market very slow with aged range bulls 22-23, cows 19-20 for range, 15-17.50 for cutter and common, canners 12-15. Hogs 250. butchers around 50c higher, one lot 75c up, good 190-230 lb butchers 24.25, bulk 24. Sows steady around 20. Sheep 1350 with late Friday sales 23.50-24, nothing scaled early.
Britannica states a 65 pound hunting bow can drive a modern arrow completely through a large animal unless halted by heavy bone. The claim emphasizes penetration capability under typical hunting bow power.
The word telephone was coined by Sir Charles Wheatstone of Kings College London after studying sound transmission in 1821. More than 35 percent of shoes are produced in the United States, with a large share from New England.
A dense listing of daily radio programs across KEIO KC 1450 and sister stations, detailing morning block lineups, talk shows, music, news, serials, and special features. Includes program times, show titles, and host names interleaved with station identifiers and partial ads.
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