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The Decatur Daily Review from Decatur, Illinois • Page 52

Location:
Decatur, Illinois
Issue Date:
Page:
52
Extracted Article Text (OCR)

1 TWENTY-FOUR THE DECATUR REVIEW Tuesday, August 10, 1948. Grain Losses Recovered in Closing Rally Chicago, Aug. 10 (AP) A good rally toward the end of today's Board of Trade session brought wheat prices up around yesterday's close, and wiped out some of the losses in feed grains. Shortly before the closing bell some profit cashing developed. At the start of the session all grains carried an easy tone.

Corn weakened under liquidation, which to other pits. spreader mill buying of wheat against sales of flour to the government steadied wheat, and later short covering in corn, combined with commercial buying to develop a rally. During most of the session traders were busy evening up for the government crop report, to be released after the close of the session. Brokers anticipate the estimate will place corn production around billion bushels. Receipts were: Wheat 146 cars, corn 84, oats 62 and soybeans 4.

New Corn and Beans Quotations Given New corn and beans appeared quotations from the local among, agency this morning. Bids on the new corn were $1.25, and new beans were quoted at $2.46. Weather (From U. S. Weather Bureau) ILLINOIS: Partly cloudy with little change in temperature tonight and tonight 64 to 68.

to 90. Wednesdavid Lows Indiana: Partly cloudy with little change in temperature tonight and Wednesday. Wisconsin: Partly cloudy tonight and Wednesday. Warmer north portion Wednesday. Missouri: Scattered thundershowers in southeast half tonight.

Wednesday generally fair. Slightly warmer in west Wednesday. FIVE DAY FORECAST Illinois: Temperatures will average 1 to 3 degrees above normal. Normal maximum 84 north 88 south. Normal minimum 61 north 65 south.

Minor fluctuations throughout period with near normal days and above normal nights. Precipitation will average to inch occurring as showers and thundershowers Thursday night and Friday and again about Sunday. Amounts varying from little or none to 1 inch or more. U.S. WEATHER AT 7 A.M.

TODAY Highest last 24 hours, lowest last night. Rockford 83 63 Moline 84 65 Peoria 82 65 Rantoul 83 63 Quincy 84 64 Springfield 84 68 Effingham 85 64 Scott Field 85 67 Mt. Vernon 89 65 Carbondale 87 67 Chicago 81 63 Cincinnati 86 62 Cleveland 80 52 Detroit 77 56 Indianapolis 85 62 Marquette 66 60 Memphis 85 73 Milwaukee 79 67 Bismarck 76 54 Des Moines 85 68 Duluth 57 52 Kansas City 81 70 Mpls-St. Paul 69 64 Omaha 85 64 St. Louis 85 68 Wichita 83 69 Atlanta 86 70 Boston 81 60 Jacksonville 88 73 Miami 89 73 New York 82 Brownsville 94 78 Fort Worth 103 80 New Orleans 87 78 Denver 87 56 Helena 76 49 Phoenix 103 81 Salt Lake City 87 56 Los Angeles 54 San Francisco 65 56 Seattle 72 59 Chicago Board of Trade Quotations (By The Associated Press) High Low Close Open Close Close Tues Tues Tues 221 224 222 160 145 149 150 72 75 75 168 166 167 258 1982 1927 1977 -1975 1992 1930 1990 -1992 "2010 1950 2000 2115 2055 2095 -2090 2110 2050 2090 WHEAT Sept Dee May July CORN Sept Dec May July OATS Sept Dec May July RYE Dec May SOYBEANS Nov Dec Mar LARD Sept Oct Nov Dec Jan The old corn was quoted off one cent at $1.85 and the old bean bid was $3.10.

Wheat remained the same $2.03 and oats were also unchanged at 61 cents. One local livestock agency reported no change in the hog market, while the other agency showed no minor changes with most classes holding steady. The top hogs were up 25 cents for the only change in butchers hogs. The roughs ran from around 50 cents off to changed. There was no change in the produce market.

Grain Markets Decatur Cash Grain- -Wheat, new No. 2 red hard hard, Aug. delivery, $2.03. Corn, old No. 2 yellow, 10 day delivery, $1.85.

Corn, new No. 2 yellow, Dec. delivery, $1.25. Oats, new No. 2 white, delivery, 61c.

Soybeans, 10-day delivery, $3.10. Soybeans, new, No. 2 yellow, Oct.Nov. delivery $2.46. CHICAGO CASH GRAIN-Wheat: No.

2 red 2.20¼: No. 3 red 2.1734- 2.19½: No. 3 red tough 2.10¾: No. 2 mixed 2.19¼-2.19½: No. 1 northern spring 2.19¾.

Corn: No. 1 yellow 2.07-2.08; No. 5 yellow 2.04. Oats: No. 1.

heavy mixed No. 3 heavy mixed 70: No. 1 heavy white No. 1 extra heavy white 7512-76: No. 2 heavy white No.

3 white 70- 72: No. 3 medium heavy white 70- sample grade heavy white 69. Rye: No. 2 plump tough 1.64½. Barley nominal: Malting 1.30-76; feed 1.05-25.

Soybeans: None. Livestock Markets Macon County Marketing Ass'n- Hogs, 170-300 roughs, Decatur Livestock -Hogs, 200- 220 220-270 29.25: 270-300 160- 200 200-400 400-700 CHICAGO LIVESTOCK-Salable hogs, 7,500, total butchers fairly active; weights under 240 lbs 25 lower; heavier weights steady; sows active and fully steady to strong; top sparingly; good and choice 170-240 lbs mostly 29.00-29.50: 250-280 lbs 28.00-29.00; 290-310 lbs 27.00-27.25: weights scarce; choice 340 heavier, good and sows under 300 lbs 26.50-27.00: 325-350 lbs 24.50-26.00; 350-375 lbs 23.25- 24.50: 374-425 lbs 22.00-23.50; 425- 475 lbs 21.00-22.25; heavier weights scarce: good clearance. Salable cattle 6.500, total salable calves 500. total 500: good and choice grainfed steers and heifers strong to 25 higher; common to low good grades steady, slow; high choice steers topped at 41.00; some held higher; choice 925 lbs mixed steers and heifers 39.00: most good and choice steers and yearlings 34.00-40.00; comparable heifers 32.00-38.00: beef cows draggy, weak: canners and cutters steady; bulls 50 higher; vealers steady; most beef cows 19.00- 23.00; canners and cutters 15.50- 18.50; heavy sausage and beef I bulls to 26.00; vealers 31.00 down. LAKESIDE Under New Management GORDON SMITH PAUL KEELING Features for Two Weeks Ralph Harrison's WHISPERING RHYTHMS The Sweetest Band in the Land From Our Kitchen Comes the Finest Food CHICKEN STEAKS CATFISH FROG LEGS SANDWICHES NO MINORS SETUPS ONLY Phone 4711 Buying Lags on Stock Exchange New York, Aug.

10 (AP) Buying interest perked up in the stock market today after a sluggish start. Morning losses of fractions to around a point were either trimmed or in many cases converted into modest gains. The revival in demand was fairly widespread. Turnover increased as prices rallied. Gains appeared for General Motors, Chrysler, J.

I. Case, Douglas Aircraft and Phelps Dodge. Still on the losing side, though by very much, were U. S. Steel, Firestone Tire, International Harvester, American Telephone and Westinghouse Electric.

Cotton remained under pressure following yesterday's sharp decline which reflected a higher than expected government estimate of the size of the new crop. In the over-the-counter market short-term government issues moved downward following the boost in the one-year certificate rate. This was to be expected because the price of a bond moves in the opposite direction from the yield. Since the yield i is scheduled to advance, the price declines. Harry Watson, 53, Ill Several Years, Dies Harry Irvin Watson, 53, who has made his home recently with his brother-in-law and sister.

Mr. and Mrs. J. Howard Helmick, 1365 West Riverview avenue, died at 1 p. m.

today in St. Mary's hospital. Mr. Watson, formerly a salesman in Bloomington, had been in ill health several years. He was a veteran of World War I.

He was born in Kenney April 24, 1895, a son of Charles N. and Ora Irwin Watson. He leaves two sisters, Mrs. Helmick and Mrs. Ivon Kemp of Kenney.

The body was taken to the Reeser funeral home in Clinton. Arrangements are incomplete. ies 38: checks Butter unsettled: receipts 141: prices unchanged to cent lower; 92 score A 90 cars 90 89 others Storage eggs: Oct. 52.30-35; Nov. 52.15; Dec.

52.25. ILLINOIS PEACHES: Market unsettled: elbertas: U. S. No. 1, in min and up 4.00-4.75: fair condition, ripe 3.50-3.75: 2 in and up 4.00-4.50; fair quality and condition 3.50-3.75.

NEW YORK PRODUCE -Butter 1,114,223. easy. Wholesale prices on bulk cartons: creamery, higher than 92 score and premium marks (AA) cents: 92 score (A) 90 score (B) 89 score (C) 72. (New tubs usually command cent a pound over the bulk carton price). Wholesale egg prices were firm Tuesday.

Eggs. 20,770, firm. New spot quotations follow: Mid western: Mixed colors: Fancy heavyweights 57-59: extra large 53-55: extra 2 large 49-51: extras 3 and 4 large 46-47: extra 1 medium standard unquoted; dirties 44-46; checks 39. Dressed poultry easy. Live poultry irregular.

RED DIAMOND BATTERIES NEW STOCK NEW BATTERIES 17 plate for Ford or 1937-39 Chevrolet, now, ex. $12.85 Plymouth and Dodge, ex. $13.60 Plate Standard ex. $8.95 ADMIRAL -Phonograph Combination $69.00 TABLE UP DEVRY MOTION PICTURE SOUND PROJECTORS DUNKER Tire and Battery Co. 600 N.

Water Phone 2-7815 CHICAG AND THE GREAT LAKES VACATIONLANDSEE MORE FOR LESS BY COMFORTABLE TRAILWAYS BUS I Ask your friendly SAMPLE FARES Trailways agent about Trailways' Chicago Tours. You'll be surprised at how little a Great Lakes CHICAGO 2.55 Vacation costs by DETROIT 5.00 Trailways. CLEVELAND 1.55 BUFFALO. 10.45 (Plus Federal Tax) BUS DEPOT 214 West Main Phone 1676 Santa SantaFe Fe TRAILWAYS Louis Emery, Austin Township Farmer, Dies Tues Mon Year Ago 222 225 200 169 167 260 264 260 265 1980 -1975 2005 -2010 1980 -1975 2022 -2015 2010 -2005 2025 2110 -2115 2140 -2137 2110 -2105 2145 Salable sheep 1,500, total few sales spring lambs steady; small lots good and choice natives sold up 28.00; interests bidding 27.50 and 'dowmost yearlings scarce; slaughter ewes steady; native ewes 12.00 down, with common kinds largely 9.50-10.50. Estimated salable livestock receipts Wednesday: 6.000 hogs, 000 cattle, and 1,500 sheep.

INDIANAPOLIS LIVESTOCK- Salable hogs barely active on decreased supply; barrows and gilts 180 lbs up strong to 25 higher; bulk good and choice 180-240 lbs 29.00-29.50: top 29.65; few 250- 270 lbs 28.50-29.25: good and choice 140-160 lbs 25.00-26.00: steady; sows 400 lbs down strong to 50 higher: early bulk good and choice 350-400 lb sows 23.50-25.50. Cattle, calves, 600; steers and yearlings again very slow; few early sales weak to 50 lower; small lots yearling steers 37.50- 38.50; scattering good short fed and mixed yearlings 32.50-35.50; small lots choice heifers 37.00-37.50: cows weak: practical limit good beef cows 23.00; vealers moderately active: trading very uneven at lower; top 31.50. Sheep spring lambs opening moderately active, fully 1.00 lower: good to choice 24.00-27.00; slaughter ewes steady; good to choice light weights 8.50-10.50. EAST ST. LOUIS LIVESTOCK- Hogs, under 225 lbs and sows steady to 25 lower: heavier weights steady to 25 higher; 180-240 lbs 28.25-29.50; top 29.50: heavier weights in light supply; 250-300 lbs 26.75-29.00: 160-170 lbs 28.25-29.00; 130-150 lbs 25.75-28.00: 100-120 lbs 22.75-25.00; sows 400 lbs down 23.50- 24.75: few at 25.00: over 400 lbs 19.75-22.00; most stags 17.00-19.00.

Cattle, 4.500; calves. 2.000; replacement interests taking few common and medium lightweight steers at 22.00-24.50; heifers and mixed yearlings slow: common and medium steady to small killers 20.00-27.00: cows opened but sales confined to offerings from steady, 21.00 down; common and medium 19.00-21.00: canners and cutters 15.50-18.50; medium and good bulls 22.00-24.00; good and choice vealers 29.00-32.00; common and medium 17.00-28.00. Sheep, good and choice spring lambs all interests 26.50- 27.50; medium and good 23.00-26.00; throwouts 18.00-20.00: some to feeder buyers 20.00-21.00; ewes 7.50 down. Produce Markets Decatur Produce- -Cream, 71c. Poultry, delivered Decatur, heavy hens, 30c; leghorn hens, 25c; cocks, 16c.

try: Steady. Receipts 30 trucks, 1 car; prices unchanged: F.o.b.: Fowl 35: leghorn fowl 32; roasters 39-42; fryers and broilers 38-41: old roosters 23; F.o.b. wholesale market: Ducklings 31: heavy ducks 25: small ducks 20. Eggs top firm, balance unsettled; receipts prices changed, to pet one and cent up A lower; 48-50; U. 60- S.

69.9 pct A 46-48: U. S. standards current receipts 41; dirt- Eggs, No. 1, 43c; No. 2, 36c.

CHICAGO PRODUCE--Live poul-13 Louis L. Emery, 65, lifelong resident of Austin township, died at 9:30 a.m. today in his home on rural, route Emery, 1, farmer, was born in Austin township Sept. a son of Clarence and Eleanor Nowlin Emery and was married to Jessie Heft Jan. 24, 1907.

He leaves his wife, three children, Lauren of Maroa, Reva at home and Mrs. Wilna Streenz of Springfield. There are two grandchildren, Sandra Kay and Janet Lee Emery, and a brother, Lawrence of Raymond. Four brothers and four sisters preceded him in death. body is at the Dawson Wikoff funeral home here where friends may call after noon Wednesday.

Funeral services will be at 2 p.m. Thursday in the funeral home chapel. William M. Smothers Suffers Heart Attack William M. Smothers, former district freight agent for the Baltimore Ohio railroad here, is in the Missouri-Pacific railroad hospital at St.

Louis following a serious heart attack Monday, according to word received by friends here. Mr. Smothers was with the B. O. here for 10 years, until January 1937.

He is now industrial agent for the Gulf, Mobile Ohio at St. Louis. His wife is the former Helen Hays of Decatur, whose mother, Mrs. W. J.

Hays, and sister, Mabel, live at 1305 West Macon street here. Mrs. Smothers and her mother and sister were on an automobile trip to California when Mr. Smothers flew became back ill. and Mrs.

Smothers to St. Louis. Mrs. Smothers have a daughter, Sally Sue. Herbert Bush, Wife Each Leaves $12,500 The late Mr.

and Mrs. Herbert C. Bush each left an estate valued at $12.500. according to petitions for administration of the two estates, filed today in county court. Each of the two estates includes $2,000 of personal property and real estate valued at $10,000.

a are Heirs two to the brothers, estate Otto of Mrs. Campbell Bush of Pontiac and Alva Campbell of Monroe. La. Heirs to the estate of Mr. Bush are a sister, Mrs.

Blance son of St. Louis, four halfsisters, Zillie E. Bush' of Henron, Ohio; Sarah M. Moore of Norwood, Ohio; Luella Zetter of Columbus, Ohio, and Edna Carpenter of Tuscola, and two half-brothers, William Bush of Decatur, and John Bush of Columbus, Ohio. U.

S. British Observers For U. N. in Greece Hurt Athens, Aug. 9 (AP) Two United Nations observers, one American and one British.

were wounded by guerrilla mortar fire yesterday near the junction of the Bulgarian, Yugoslav and Greek borders. The U. N. special committee on the Balkans identified the victims as U. S.

Lt. Col. Richard Darnell and British Maj. A. W.

Fielding. The home addresses were lacking in Athens. A Greek source said Fielding suffered superficial wounds. He said Darnell of was more seriously danger. EDITS CHURCH PAPER Nashville.

Aug. 10 (AP)The editorship of the Upper Room, devotional publication, will be assumed Sept. 1 by Dr. J. Manning Potts of Chicago, it was announced here yesterday.

DON'T ABOUTAWEARING BIFOCALS LENSES AS EASY NEW PANOPTIN AS SINGLE VISION LENSES TO WEAR NO BLIND SCIENTIFIC SHAPE Made by a new procese, Panoptik Bifocals have eliminated the faults of the ordinary bifocals. Come in and let us show them to you. DR. ROTHMAN OPTOMETRIST 3 Doors East of Transfer House 125 East Main Phone 4012 Champaign Residents File Suit in Fayette Vandalia, Aug. 10 (Staff) Judgments totaling $32,000 are asked in a suit on file hre in the county circuit clerk's office by Everett M.

Wesner, Idyes Wesner, Thomas Cather and Lena Cather of Champaign against Harold E. Brown of Vandalia. The suit is the outgrowth of a collision between cars driven by Thomas Cather and Brown on August 4. 1947 north of Neoga near the intersection of routes 45 and 121. Lena Cather, Everett M.

Wesner and Idyes C. Wesner were passengers in the car driven by Cather and all four plaintiffs are seeking damages for personal injuries allegedly received in the accident. MCDANIEL ESTATE An estate valued at $12,500 was left by the late William McDaniel of Decatur, according to a petition for probate filed today in county court. Heirs are his wife, Mrs. Rose A.

McDaniel, and a daughter, Mrs. Hazel Hudelson, both of 579 South Haworth avenue, and two grandchildren, Donald Dunham of Springfield and Dorothy Vandeventer, 643 South Stone street. FATHER DIES FATHER DIES Funeral services were held in Chicago today for August De Charme, father of Mrs. W. A.

DeHaven and Mrs. George Dunn, both of Decatur. Mr. De Charme leaves his wife, four daughters and two sons. LOOK AHEAD! Winter is coming, so get your heating system in tip-top shape by having it cleaned and adjusted now.

Order your favorite coal now before the supply becomes limited. Ask about our coal budget plan. Guttering-Downspouts Sheet Metal Work of All Types ACME COAL SHEET METAL CO. 2525 N. Water Phone 5393 Save! Have Money for Future Needs! Have You Ever Wished For Why Not Save It? If you will save and deposit $9.62 a week, you'll have your $1,000 in less than two years.

Even $5 a week will get you $1,000 in less than four years. The sooner you start, the quicker will your wish come true. THE National Bank of Decatur Member Federal Deposit Insurance Corporation Save! Not Only for a Rainy Day -But to Insure a Sunny One! This General Motors Delco-Heat Automatic Coal Stoker gives you AUTOMATIC HEAT 2 Lowest Possible Cont! EXCLUSIVE FEATURES include SMOKE BACK ELIMINATOR Keeps gases and smoke out of cellar. RHINO -HIDE LINED HOPPER From the moment this dependable YOU'RE SURE OF FUELResists wear, rust, Delco-Heat Stoker is installed in your because there isn't any short. acids lasts longer.

present furnace, you can say "good. of coal to hamper the age bye" to old fashioned, back-breaking of and heating your home, 8 AUTOMATIC AIR-CONTROL hand-firing. At last, you will have the Maintains right air clean, comfortable automatic heat YOU'RE DOUBLY SURE WITH DELCO- -HEAT ratio saves fuel. you've been wanting! because (1) General Motors EFFICIENCY RETORT YOU'RE SURE OF ECONOMY has the "know-how" to build Gives maximum because coal about the best, and (2) Your factory. com- costs half bustion-saves trained Delco-Heat Dealer has money: as much as other forms of auto.

the to install is matic heat. GENERAL MOTORS IMMEDIATE right! DELIVERY Your General Motors Delco-Heat dealer has the automatic stoker best fitted for your particular home. Come in now and see the handsome Delco-Heat Stoker that will give you the most in dependable automatic heat- at the lowest possible cost! Authorized Delco-Heat Dealers SEE YOUR LOCAL DELCO HEAT DEALER.

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About The Decatur Daily Review Archive

Pages Available:
441,956
Years Available:
1878-1980