Hog Prices Fall Further as Receipts Remain Heavy
Chicago and other markets report lower hog prices amid continued high receipts from last week. Cattle and sheep markets show mixed gains with steady to stronger tendencies in several regional yards.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 11, 1934
Page
6
Chicago and other markets report lower hog prices amid continued high receipts from last week. Cattle and sheep markets show mixed gains with steady to stronger tendencies in several regional yards.
Wheat rose about a cent with May futures above 87 cents as Rome Rome conference and Rome wheat talks boosted sentiment. Corn and oats followed a firmer tone. Liverpool activity and Manitoba demand supported prices while cash markets reported mixed receipts and steady undertones.
Hogs held price levels on the local market with steady demand and quality varying by carcass grade. Traders noted prime meat prices and wider spreads between top and lower grade hogs amid mixed weather and feeder stock availability.
Better news and a Detroit labor settlement sparked a brisk market advance in New York. Automobile stocks led gains with Chrysler General Motors Hudson and Motor Products up 1 to over 2 points, while others like Santa Fe Union Pacific Goodyear and US Steel joined the rally as volume neared 1.45 million shares.
Local commodity prices show mixed grains and produce with wheat rye hay and straw quoted in mid May. Wholesale fruits vegetables and farm goods from Casforda and merchants national Bank building are listed along with Tuesday quotations of broad market stocks and commodities.
In warehouses red clover sits at 825 dollars while alfalfa products list 875 dollars. Market notes show steady pricing with minor variations across suppliers and no significant shifts in the broader seed market.
Funeral services honor pioneer Oliver Kinnan of Cedar county and Horace J Coon of Manchester. Fires, anniversaries, and court actions across Tipton, Delaware, Cascade, and Grundy Center areas are reported, with residents named and local events listed.
The AP reports a steady bond market on Tuesday with moderate trading. Government bonds held narrow gains and several issues like Chile Copper rose amid signs of demand, while Alleghany and International Telephone added support. Treasury issues closed near prior levels with modest movements across series.
The report lists irregular demand in cents for multiple currencies including Great Britain 16 percent, France 6 6014, Belgium 2343, Germany 3957, Holland 676, Norway 2593, Sweden 2662, Denmark 2305, Finland 229, Switzerland 3240, Spain 1368, Portugal 472, Greece 95, Poland 1901, Czechoslovakia 412, Yugoslavia 220, Austria 1901N, Roumania 102, Argentina 3440N, Brazil 878N, Tokyo 3050, Shanghai 3512, Hong Kong 3900. Montreal in New York 160183, New York in Montreal no Ri. N nominal.
U S Navy splits into two fleets a Blue Armada and Brown Fleet as 101 ships move toward the Panama Canal. Fifteen seaplanes complete a 2800 mile San Diego to Panama flight reaching La Paz and plan a stop at Acapulco. The combined force will reach the canal area about a week hence with additional ships from Acapulco and Corinto.
A Vienna to Paris express derailed between Wels and Linz killing a fireman and a postal worker and wounding several railway staff. Wreckers removed a rail on the line, prompting a government reward of 5000 shillings for those responsible.
Winneshiek County District Court will convene May 7 with Judge H. E. Taylor presiding. A panel of 35 trial jurors to report for service May 14 includes Decorah residents Jake Winger Alex Horvedt Ernest Halse Frank Sheean J M Harman Mrs J Wyott R G Price Knute A Vick Ray F Kramer and others from Sumner Springfield Ossian Fremont Lincoln Medical Decorah Canoe Orleans Highland Glenwood Bloomfield Washington Hesper Calmar and more.
Two people were injured in separate auto accidents Monday afternoon. Three year old Gerald Padzensky escaped with minor bruises after being struck near his home at 4 20 p.m. by a car driven by D M White who stopped and took him home. Fifteen year old Patricia Tighe suffered bruises and was treated at St Luke's hospital for x ray examinations after being struck by E Lyle Woods’ car at First avenue and Eighteenth street at 4 40 p.m. Woods said Miss Tighe ran into the street and was hit by the right front fender before Woods drove her home.
Advertisements note chicken dinner at St Josephs in Marion on April 11 from 5 to 8. Local guests include Mr. and Mrs. Walter Karch and daughters Dora Lee Evelyn Bernice from Alburnett visiting Fred Durow. Two men John Larson and W J Rodgers fined for intoxication in police court. Leola Barrett, 9, was treated for a fractured elbow after roller skating accident near Mount Vernon. Dr L F P Bailey spoke on amalgam fillings at Cedar Rapids Dental Society meeting with dinner and business session prior.
Herbert Smith 33 of Ely Road waived to the grand jury Tuesday forenoon before Justice Henry Stearns on a statutory charge and posted 500 dollars bond after arrest Monday night by Constable William J. Fleming on information filed by Mrs. Louise Spurgeon. Spurgeon also filed against her daughter Bessie Cansky 18, who was arrested and waived to the grand jury Tuesday afternoon before Justice Stearns.
Mrs. T H Weeks 27 of 1356 G Avenue NE Cedar Rapids died Tuesday morning in a Cedar Rapids hospital after an appendectomy on March 31. Heart and kidney complications listed as causes. Born Althea Ford June 3 1906 on a farm north of Marion she was married in 1929 to T H Weeks and leaves a daughter Barbara Jean 21 months old a brother Irvin Ford and sisters Marguerite McLeod and Harold Ford plus stepmother Mrs Sarah Scott Ford. Funeral Thursday at 2 p.m. in Yocom chapel with Rev W E Fisher. burial in Oak Shade Cemetery.
Frances Williams Rowe born 1860 Marion. survived by Fred A. Rowe husband two sons Thornton and Walter both in California. four sisters in Washington and California. brother T T Williams former Marion Sentinel editor. Funeral arrangements pending. local club notices follow with meetings and programs.
The House rivers and harbors committee took the seepage and backwater bill under advisement. Introduced by Representative Eicher it would make the War Department handle drainage district costs for pumping drainage from bottom lands due to navigable river level rises. Noah Schrock testified that raising the upper Mississippi level could end current gravity outlets and require a new drainage setup costing about 71000 dollars yearly.
Tokyo reports Moscow prepared for Far East emergency by loading cement steel bars and ammunition at a Black Sea port for Vladivostok. Fort on Manchurian border and two docks at Vladivostok to service steamers and twelve submarines on a nearby island are under construction.
DES MOINES AP Governor Herring announced additional appointments to the state planning board. New appointees include P. F Hopkins PWA administrator for Iowa Prof. George J Keller CWA director Frank E Paine personnel director of the engineering division at Iowa State College and Dean C A Phillips of the State University of Iowa. The board coordinates phases of state development and planning under federal program guidelines.
Mrs. John M. Walters urges Linn county club women to drop non essentials and devote activity to self improvement and town service. Gladys Adams describes Farm Bureau work for girls and women and announces Achievement day at the Methodist church. Various local meetings and events are listed with dates and hosts.
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