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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 18, 1937
Page
6
Financial and market notes show cattle and hog prices slipping slightly with feeders scarce and strong undertone. Iowa Waterloo and Omaha reports list live animals, lambs, sows, and fat cattle with varied quotes, noting declines in hogs and small gains in some cattle segments while lambs hold and strengthen in certain grades.
Chicago AP reports consumer resistance pushed hog values down sharply, the steepest fall in weeks. Receipts were light at 10 000 hogs with mixed wholesale beef quotes holding steady. Lambs fell about 25 cents as meat movement slowed and pasture-fed cattle showed weaker demand.
A sharp drop in local hog prices occurred Tuesday with various grades down 25 to 45 cents. Top price fell to 12.25 dollars while choice cattle stayed steady and all other grades eased 25 to 40 cents.
Winnipeg led a rally in Chicago grain trading as wheat prices firmed about 2 cents a bushel, with September wheat near 1 1/2 higher, corn mixed and oats up modestly. Export demand and rains failures abroad bolstered futures, Britain’s purchases of Manitoba and domestic wheats cited as supporting forces. cash markets showed variable gains across corn and hogs while Winnipeg and Chicago quotes reflected the same bullish tone.
Market listing from Cedar Rapids shows grain prices for wheat, oats, corn, and soybeans with various grades and lots. Also includes livestock bids for butterfat hens and eggs, and wholesale vegetable and fruit items with assorted prices. The chaotic OCR yields numerous misprints. main items include wheat No. 1 and No. 2, corn shelled, oats new, soybeans yellow, baled straw, butterfat, hens, springs, cocks, eggs, apples, cabbage, celery, lettuce, potatoes, and pineapples with prices and descriptors.
Reports from New York and Minneapolis note activity in bonds and patents with prices and yields showing modest movement. Investors await data and official notices as markets reflect mixed demand and several foreign and domestic factors influence pricing and policy expectations.
A dense market wire lists Chicago area produce and poultry receipts including hens, broilers, white rock, and Pekin ducks with prices and stock notes. It mentions butter, potatoes, and cheese markets with varying firm to steady bids, plus New York and general international price references and specific shipment figures.
NEW YORK AP Stocks enjoyed a moderate revival after an early sinking spell blamed on the Shanghai war. Active selling hit steels and motors 1 to 2 points before buyers steadied the market. Crucible Steel and Zenith Radio rose on upbeat earnings. Tight dealings and prospects of a Congressional adjournment with looming expected measures colored the session.
Tuesday quotations show wide stock movements with names like Adams Express Rumely Iron and Hydro interests, listing numerous corporations including Allegheny, Amn M Fo, Kresee, Libby Owens, Macy’s, Kroger, and Union Carbide. Mississippi River stage readings follow, noting Davenport and Kansas City area river gauges with slight changes.
Hazel Hutton eldest daughter of Mr and Mrs Hugh T Hutton won first prize in the grammar school division of the state poppy poster contest receiving 750 dollars. her design features a white cross, waving American flag and red poppy with Buy a Poppy inscription. poster advances to the national contest in New York.
Linn county supervisors approved final Tate Almon Reed Rapids township justice reports covering the first two quarters and up to Aug. Receipts totaled 500.17 civil fees 152 criminal fees 22.30 miscellaneous fees and 194 in fines. The board also approved 1987 quarterly Rapids township constable John Taylor reports with 169.25 in fees.
Dr Bates as receiver of Commercial Savings Bank of Marton seeks 515.15 judgment in a note suit against Paul N Fry in district court. H J Robertson doing business as Neon Industries seeks 150 in a contract action against William Tehe doing business as the William Tchel Bottling company.
The will of Anna C Bailey, dated August 6 1927, was probated in district court Monday. The life use and benefit of the estate are bequeathed to her son Fred M Bailey with grandson Marvin D Bailey as residuary legatee. Fred M Bailey was appointed executor without bond.
Linn County supervisors approve a 1000 dollar bond with Home Coal of Cedar Rapids for winter coal needs under an Aug 10 contract. Agreement covers 1500 tons with possible 1500 more. Sheriff Smith reports Tom Reamer of Marion jailed after a 30 day sentence for auto tire larceny. Reames sentence follows Marion justice Drummond ruling. Will of Jan Vlasek probated. widow Marie Vlasek and Alois Hasek Jr named heirs and executor. Clara Nassif seeks divorce from George Nassif on cruel and inhuman treatment. couple wed in Cedar Rapids in November 1936.
Ed G Boyanovsky was nominated for commander of Marion post 298 American Legion at Thomas park on Monday night. Other nominees include Glenn Larkin and H J Rose for first and second vice commanders, Cliff Cutler for second vice commander, A R McElwain adjutant, and L R Fitz gerald finance officer..Executive committee nominees were Carl McCalley and A J Schueller with R M Clark chairing membership and an auditing trio named F L Williams W H Balster and R J Williams. Officers to be elected September 20 and parade banner to NY on Sept 21 by John Clay. Carnival set Aug 30 to Sept 6.
In Harlem Father Divine threatens to evaporate for 1,900 years. Attorney urges $20,000 bond or receiver to prevent further delays in lawsuits by followers and a former angel seeking $4,000. Judge set to hear more arguments Wednesday.
A report notes an accident near Alburnett where Harold Goodyear and Pete Breamer of Paris collided after Breamer says his car did not stall in the intersection. Senator La Follette credits drought relief with protecting dairy interests in Wisconsin.
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