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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 18, 1934
Page
8
Chicago market reports show hog prices drifting to lows since January, with total livestock receipts around 34 50 thousand head and regional declines across major cities. The drop follows weaker demand, with top prices down and wholesale quotes around 4.80 to 4.90 per cwt. hogs 170 to 260 pounds falling more sharply, while sow demand softens and lighter weights hold steady.
Severe price gyrations on the Chicago Board of Trade left wheat down about one cent, corn off fractions, and oats higher slightly. A broad selling wave sent prices to new lows with September wheat active and cash grain receipts varied as traders eyed export demand and overseas markets.
Wall Street traders faced a quiet session with Tuesday seeing limited movement after Mondays dip. Minor gains surfaced in American Telephone and US Rubber while Alear, Armour, and Consolidated Gas edged higher. volume was light and margin calls weighed on selling as bonds showed mild irregularity.
Hog prices dropped to new low levels on the local market Tuesday as all grades declined 10 cents. The prime top moved down to $3.30. Calf market figures list good to choice 130-190 lbs as $300 to $475. Fed lambs 60-90 lbs quoted around $7.00 to low 8.00s. Buck lambs at $100.
Nearly 500 Linn county unemployed fill courthouse corridor and steps as a six member committee delivers a petition to the board seeking the immediate resignation of Miss Cora Jacobs, overseer of the poor. They protest monthly allowances under the new work relief plan, citing insufficient support. Some leaders demand immediate action, while others accept a pause of two to three days for review. The group says typical monthly payments could drop to five dollars with an average of seventeen. After the meeting, relief clients address gates to urge not signing work agreements under the plan. The state relief committee at a Des Moines conference earlier adopted the system, listing 1,585 can be classified as able-bodied unemployed, with an estimated $27,500 monthly allotment, funded majorly by state and federal sources.
H A Maine of Waterloo and J A Paulsen district engineer met city council members to review the proposed grade of highway 149 inside city limits. Maine said he would report the city’s stance to the highway commission. Former public improvements head Louis J Zika opposed a grade several feet above terrain due to city costs. City officials urged a compromise grade and roadway widening to cut needed city grading.
London AP Neville Chamberlain declared in the House of Commons that no provision would be made to pay American war debts or to collect debts from Britain’s debtors. He touted Britain’s return as the world’s top importer while noting a 139 million pound profit for the year and a brighter atmosphere. He outlined 1933-34 revenue resources, citing beer taxes above expectations and deficits in tea and sugar revenue, with ordinary expenditure at 698 million pounds.
Picketing tram strikers in Omaha seized and burned literature of two communist organizers as officials predicted an early end to the strike that has halted street car service in Omaha and Council Bluffs. Rough treatment occurred when communists visited picket lines at two car barns as strikers shouted We’re not reds and ejected the agitators.
District court jury before Judge John T Moffit weighs the $1,800 case of Chace McCoy against former Chief of Police W C C Benesh acting as city marshal and Sheriff Joseph A Petrus. Plaintiff contends an execution sale violated a prior mortgage notice and was improper after transfer from superior to district court.
English law reached 4000 mules across the Atlantic and seized John Factor known as Jake the Barber. The boom market speculator was placed in deputy U S marshal custody for return to London to face trial on charges of defrauding English investors of 7 000 000. For three years Factor resisted extradition but appeared resigned to the inevitable before Federal Judge Philip Sullivan.
Cedar Rapids Engineering plant at 902 Seventeenth Street NE announced a 15 percent wage increase and a reduction of productive hours from 40 to 36 per week, effective April 16. Vice-president Thomas M. Jones said office staff are unaffected and the move aims to ease industry-wide unemployment while offsetting lost hours with higher pay.
Senate members clashed over the administration air mail bill with 48 to 25 approval amid Republican protests that it forces action.Chairman Kenneth McKellar noted Lindbergh supported the measure while other aviators backed it. A Roosevelt plan for a commission of experts drew general approval though Republicans objected to parts preserving cancelled contracts. Senator Warren Austin signaled a substitute merging the commission idea with contract restoration.
Beryl F Brown of Cedar Rapids and Margaret Hanson of Des Moines were married Monday afternoon by Justice Henry A Stearns. Joseph F Cibula, Chelsea farmer, filed a federal bankruptcy petition listing debts of 12 163 and assets of 394 claimed as exempt. Lonnie V Maulsby, Cedar Rapids baker, also filed a federal bankruptcy petition listing debts of 7663 and assets of 6103 with a 290 exemption.
Delegates to the Second district convention in Cedar Rapids on April 24 were named by the Marion American Legion Auxiliary. Delegates are Mrs Della Senninger Mrs Joseph Boyle and Mrs Celan Rollins with alternates Mrs John Clay Mrs G C Pyle and Mrs H Strader. Approximately 100 attended a supper. East er eggs and cakes were donated to former service members at Oakdale sanatorium.
Fargo report on federal indictments of Gov William Langer and eight others over conspiracy to secure political funds from federal relief workers. Indictments allege solicitation by federal employees and interference with a congressional act. Also named are State Senator Oscar Erickson, Highway Commissioner Frank Vogel, Oscar Chaput, R A Kinzer, Joseph Kinzer, Harold McDonald, Paul Yeater, and C A Hample. Trial date set after grand jury findings.
Howard Drach 21 of Martelle died at 4 20 am Tuesday after a highway 30 crash twelve miles east of Cedar Rapids. He was injured when attempting to pass a car as C D Maybauer of Mount Vernon turned left into a driveway. Drach and his passengers were hospitalized. his mother Mina Drach and Bessie Thomas and her children Paul 17 Frances 15 were injured.
Three men accused in a planned kidnapping of Emanuel P Adler Davenport publisher have trial pending until May 8 as police continue search for Ralph Monroe a Black man alleged to have staged the holding room escape. James Lacy 28 allegedly instigated the plot to abduct Adler from a downtown hotel in a ventilated trunk with George Wolfram the truck driver and Edward Kindrege a Black cook joining the group. Fred Mayo the first arrested died by his own action.
Iowa figures clash over who led the effort to keep the railway mail terminal in Council Bluffs. Rep Wearin accuses Sen Murphy of delaying action and seeking credit after opposing consolidation earlier. Murphy says he acted under pressure from local criticism.
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