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Newspaper
Washington Evening Journal
Location
Washington, Iowa, United States of America
Date
Sep 04, 1947
Page
7
Washington reports farm cash receipts for January through August 1947 reached 17.4 billion dollars, with record consumer spending and strong foreign demand driving prospects to surpass last year's 18.889 billion dollar peak. If current levels hold, total 1947 income could exceed the prior year’s record.
Iowa farmers received record August income as the price index hit 28.00, led by corn, meat, and dairy. Corn averaged 2.16 a bushel, hogs 23.80, cattle 23.00, and eggs 9.6 for the year. Turkey production fell 20 percent to 2,566,000 birds in 1947, with national output 16 percent lower at 34,667,000 birds. Iowa remains fourth in turkey production behind California, Texas and Minnesota.
Chicago Markets September 4. Hog prices mixed with lighter weights up to 28.50 and heavy hogs higher. sows mostly 24.00 to 25.75. Cattle and calves steady to weak with best steers around 26.50 to 33.00 and heifers 26.00 to 31.00. Vealers 24.00 down. Sheep 2000 head with lambs 25.75 and early sales improving. heavy demand delayed.
Des Moines reports that Attorney General Robert Larson urged all county attorneys and law enforcement officers to enforce Iowa gambling laws. He stated the two percent amusement tax does not legalize prohibited games and devices and asked for necessary action to curb gambling activities.
More than 15 million dial telephones are in use across the United States, signaling rapid adoption of dial service and expanding telephone accessibility nationwide.
Cargill bulletin warns depleted subsoil moisture may hurt next year’s grain yields as large 1948 crops influence U.S. and deficit nations’ supplies. Reports say world food supply tightens, foreign demand weak for corn and oats, and moisture loss plus heat affect late corn and fails to improve nationwide grain fields.
Weekly events list livestock auctions across Iowa. Friday sales at Whittaker sale barn. Wednesday auctions at Midway Sales Company in Columbus Junction. Tuesday night sales at Ollie Livestock Exchange. October 2 Purebred Duroc fall boar and gilt sale between Washington and Riverside by Knotek Bros.
Readable fragments indicate yearling cattle around 101 pounds selling about 50 cents higher at 21.00. Slaughter cattle demand remains unsettled with bids not above 9.00 for top animals.
Chicago September 4 Poultry trucks remain unsettled with hens and colored and white rock varieties listed by price. Eggs show firm activity with 7,184 cases and multiple grade ranges for extras standards dirties cheeks and current receipts.
The Chicago grain table lists Wheat and Corn prices for multiple futures contracts. Wheat offers Sept Dec Mar May Jul with highs around 265 and closes near 262 to 264. Corn shows Sept Dec with values around 251 and 236, closing near 250 and 233 respectively.
The fragment lists monthly percent figures for oats and unspecified months and values. No clear event, person, or organization is identifiable.
Chicago cash grain sales show slight gains across cereals with no actual sales. Wheat up three to four cents while corn rises two to three cents with No. 1 yellow at 25.34 to 25.75, No. 2 yellow 25.41 to 25.75, and oats up one to three cents with various mixed and white grain price ranges listed.
An assessment shows about 40 percent of U S land lacks adequate rainfall for safe farming yet only 3 percent of this arid area receives irrigation. The finding highlights potential risks to crop production and water resource planning nationwide.
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