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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 21, 1938
Page
13
Chicago livestock receipts show hogs and lambs recovering from Tuesday downturn as buyers push for higher prices. Hogs top at about 7.60 per hundredweight, with best lambs up to 9.25, while cattle and sheep activity remains cautious across major markets including Omaha and Sioux City.
Market bulletin lists grains fruits and vegetables with prices for Cedar Rapids. No. 2 yellow corn 39c soybeans 67c bushel and assorted produce such as lemons 6.00, oranges 33 15973 50, celery 2.75 per crate, cabbage 1.50, potatoes 4 541 90, and poultry rates for hens and chicks. Also notes hides and farm byproducts with varied prices.
Dept of Agriculture market notes show hogs steady to higher for lighter weights with top bids reaching 715 for 170-210 lb carcasses and 690 for 220-760 lb. cattle receipts at Des Moines and surrounding yards signal steady to slightly higher feeders and steers while calves and cows move variedly. Lamb bids steady early as 35,000 lambs reported with softer tone.
Cattle receipts 2570 steady to mid range with feeders and calves showing little change. Vealers mostly steady with practical top around 700. hogs 8500 peaceful trading, sows and pigs steady to higher. sheep receipts 3500 with steady undertone and lambs near 8.50 to 8.75 as buyers hold prices steady.
The report lists live hog and cattle prices by weight ranges for Ottumwa Mason City Waterloo and Austin Minnesota markets. Prices shown include various weight brackets from 140 pounds to 600 plus pounds with values in dollars per hundredweight and notes on market changes.
Hogs rise 5 to 10 cents across grades with top at 7.00. Cattle market remains unsettled with prime steers and yearlings listed. lambs and other beef stock prices shown. Bulls and canners noted with varied quotations across weights.
Produce and butter price quotes from Chicago and New York list live poultry receipts, dressed turkeys, various hen and tom prices, egg standards and futures, with butter and cheese quotes. Notes show weekly totals, steady futures, and regional differences in russets and other potatoes.
Wisconsin cheese quotations for the week of December 1924 show varied prices including twins 22c caisies 13c and cheddars 12 2c. Sugar futures in New York fluctuated with March at 19% and May around 18.9. refined sugar steady at 4.354 to 4.45. Foreign exchange in New York showed slight dollar strength with rates across Britain Canada France Germany and Japan following regional movements.
In New York trading, railroad bonds moved at fair rates with little price change from Tuesday. Baltimore and Ohio 4 1/2s and Chicago Milwaukee 5s were virtually unchanged, Erie 5s of 1973 declined slightly, Western Union 5s slipped further, US government bonds showed a mixed finish with small gains and losses, Peruvian and Colombian issues posted fractional setbacks.
Commodity and security markets in Chicago will be closed Monday December 26 for Christmas and Monday January 2 for New Year. Markets will operate on the Saturdays before the holidays.
A broad stock market drift lower on Wednesday with aviation stocks slumping. Aircraft producers Boeing United Aircraft and Douglas fell one to two points at times and major names like International Harvester and US Steel also declined amid ongoing tax selling and profit taking.
Multiple U S and international firms appear in Wednesday stock notes with activity across metals, autos, chemicals, and consumer goods. Listed names include Gen Elec, Gen Motors, Du Pont, Procter Gamble, Coca Cola, IBM, and many steel, oil, and mining concerns.
Washington Iowa held Ottumwa to two field goals as Coach Kenneth Kimberlin’s team won 30 to 18. The victory cap highlights a rebound season with two conference wins after a 42 game losing streak. Bloomfield beat Washington junior college 58 to 43 with George Jones scoring 33 for Bloomfield.
Wheat prices were steady to slightly higher on the Chicago board, with dull trading and light selling amid scattered rain and a government winter wheat report anticipated. Corn and oats moved narrowly, while Liverpool and Canadian markets influenced the tone and local receipts stood at 98 cars.
Washington reports winter wheat planted for next fall at 46,173,000 acres, down nearly 10,000,000 from the previous year. Crop condition on December 1 stood at 72 percent of normal, below last year’s 76 percent and the 80 percent 1926-35 average. Rye plantings reached 7,171,000 acres versus 6,671,000 in fall 1937.
Federal Agricultural Statistician Leslie M Carl reported Iowa's winter wheat acreage at 425000 as of Dec 1. The crop condition stood at 84 percent of normal, reflecting current health and yield potential.
Budapest reports the cabinet approves a draft measure aimed at limiting Jewish influence in economic and cultural life, signaling formal moves toward discriminatory policy.
Ad listings include 1029 3 Ave SE Christmas trees 4 ft to 7 ft with wreaths garlands and garden decor plus several beauty salons and shops in Cedar Rapids and surrounding areas offering permanents haircuts and styling. Listings mention prices and contact numbers for Rosmont Xmas Greens Shop Lilian Suchy Sara Park Salon Lux Beauty Shop and Mary Nell Beauty Shop.
University of Chicago statistics show the 1937 U S divorce rate at 193 per 1 000 population the highest on record. The marriage rate rose to 119 6 per 1 000 while economic stress previously cut divorce numbers in 1932. Dr Samuel A Stouffer notes 17 year trend up 50 percent with a 400 percent jump in Nevada.
Washington dispatch says John A Citizen earned $44 more in 1937 than 1936. Per capita income rose to $540 from $496, while national income reached $69.8 billion, up $8.7 billion. The Commerce Department cites these figures for 1937.
Wallace E. McGrew of Belle Plaine weds Ruth Engelking of Van Horne. Paul Sramek and Elizabeth A. Bailey, Cedar Rapids. William Henry Bate and Aretha Barton, Shellsburg. Herbert H. Karr and Opal R. Thompson, Cedar Rapids. Virgil M. Mrick and Wanda M. Ashley, Cedar Rapids. Also many used toy bargains offered under classification 28 in the Want Ad section.
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