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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 11, 1939
Page
10
The Chicago hog market extended declines to new five year lows with receipts rising across major yards. Cattle and sheep trade showed mixed to steady trends as spring lambs and feeder cattle moved at varied prices. Iowa and Nebraska yards reported steady to lower showings amid moderate demand from packers.
Hogs mostly down a nickel with lighter hogs steady and top prices easing to about 5.80. Cattle prices show varied quotes with good to choice steer and yearling values noted, plus ranges for bulls and cows. Lambs and sale-pinned items listed with weight bands and price guidance reflect a fluctuating market scene.
The Cedar Rapids listing shows prices for grain and produce including Wheat No 1 at 52c, No 2 at 52c, Oats White No 2 25c, No 1 23c, Barley No 3 25a 35c, soybeans No 2 yellow 65c, hay and straw prices, butterfat cream prices, poultry prices for hens, leghorns, cocks, and hens, wholesale fruits vegetables and hides prices. The document lists numerous market quotations and item prices delivered in Cedar Rapids.
Chicago market reports show steady prices on poultry butter and eggs with mixed potato shipments and modest demand. New York entries list firm egg receipts with varied grade prices, steady butter, and unchanged cheese values amid overall quiet wholesale activity.
New York bond market showed small gains as fractions moved in a mixed session. Traders awaited a naval leader speech in Danzi, which proved milder than feared, helping several U S and foreign dollar issues end marginally higher while treasuries fluctuated.
Light selling cut early gains on Friday with initial recoveries fading into losses. Nervousness over Mendelssohn and Company suspension in Amsterdam prompted fears of US stock liquidations affecting Dutch owned issues. Major names like U S Steel Bethlehem General Motors and Allied Chemical weakened while Chrysler regained some strength and firms like Westinghouse GE US Rubber Sears Eastman held firm. Some stocks still posted gains including American Cyanamid Gulf Oil Lockheed and NJ Zinc.
An article notes the earwig insect known as car earworm car borer and ear-piercer appears in many countries. It explains a misnamed hazard and hints at stock market curiosity around unusual pests in trade or agriculture.
Wheat prices moved irregularly on the Chicago board with September wheat down 7 1 2 cents and corn up 1 1 2 cents amid late-session liquidations. Canadian crop reports were mixed while Winnipeg prices softened, and lard and oats also showed shifts as markets absorbed government crop data and export sales remained modest.
In Boston on Friday buyers showed interest in finer western crown wools. French combing lengths sold at 67 to 69 cents on a scourer basis. Graded French combing lengths brought 66 to 67 cents. Twelve months Texas wools moved at 67 to 71 cents on a scoured basis. Fleeces were quiet with no spot changes.
UP Rome bureau manager H R Ekins and his wife were expelled by Prime Minister Mussolini. They left for the Paris express with two plainclothes escorts after expulsion papers served on the bureau, which remained briefly shuttered. A London dispatch about Mussolini’s health triggered the move, though Ekins reported he was in good health. Ralph Forte led staff in Rome.
Representative Lemke says the next session will force consideration of the cost of production farm bill and the Frazier Lemke refinance bill. Petitions seek to trigger rule-based discharge from the agriculture committee. Lemke cites 103 signatures with aims of reaching 218, including support from three New York members and Rep. Fish.
The Gazette lists a jumble of services and items from a classifieds page. It references lost and found dogs, insurance and debt relief offers, beauty services, jewelry, moving companies, and various merchants promoting novelties and household goods with prices and contact details.
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