Hog Prices Advance on Limited Supplies
Market notes show hog prices edge higher despite curtailed supplies while Wednesday estimates report cattle receipts at 8 000 head and hogs at 23 000 with 10 000 sheep in Chicago market.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 23, 1936
Page
12
Market notes show hog prices edge higher despite curtailed supplies while Wednesday estimates report cattle receipts at 8 000 head and hogs at 23 000 with 10 000 sheep in Chicago market.
Chicago hog buyers held prices near Friday’s levels with most sales unchanged and some gains to 10.30 dollars per hundredweight. Demand favored hogs over 180 pounds while overall market softness reflected pre holiday poultry competition. heavier cattle showed scattered gains and some yearlings topped near 12.75.
U S Dept of Agriculture figures show hog receipts 28 000 with direct 6 900, steady to higher. Hogs 190 300 lb range strong up to 10 30, light hogs 9 90 to 9 85. Cattle receipts 9 009 with vealers 2 000 steady to higher, best loads 12 50, stockers weak. Sheep receipts 19 900 with fat lambs weak 15 cents, western natives near 9 15, slaughter sheep steady around 3 50.
A fragment notes bulk westerns at outside sale with feed for lambs scarce. No other clear details given.
US Department of Agriculture report shows total receipts 2 700 cattle 10 000 hogs 3 500 sheep at South St Paul with cattle mostly steady to higher prices for good to choice steers scarce and hogs up to 10 cents, calves and cows vary. fat lambs trading weak to lower with some stability in other classes.
Waterloo hogs steady with prices listed by weight brackets from 140 pounds to 550 pounds. Prices range from about 6.90 to 9.60 with several mid ranges and packing sow figures noted. Ottumwa and Mason City report hogs unchanged.
Hog prices in Austin Minnesota rise with good to choice 180-200 lb pigs at 9.35 to 9.65 dollars per hundredweight. 200-290 lb hogs fetch 9.60 to 9.90. 290-325 lb animals bring 9.50 to 9.80. 325-350 lb hogs sell around 9.40 to 9.70. Sows weighing 275-550 lb trade at about 8.40.
U S Department of Agriculture hogs receipts 9000 steady to 15 cents lower with top at 9.75 and various weight classes listed. Cattle receipts 5000 calves 800 steady with steers 9.00 to over 12.00, heifers 7.56 to 9.00, cows 4.25 to 6.50, bulls 4.50 to 5.25. Sheep receipts 4000 lambs weak with best above 8.75.
U S Department reports cattle receipts 2 500 head with calves 200 and varied classes steady to moderately active. Hog receipts 6 500 with bids steady to higher on weights 190 lb and up. Sheep receipts 4 000 with no early fat lamb bids and indications steady.
U S Department reports combined hog receipts at 22 concentration yards and 9 packing plants in interior Iowa and southern Minnesota for the 24 hours ending 8 am Tuesday. Compared with last week, receipts were down from 30 800 to 22 000 and below last year s 18 100. Trade mostly steady to five cents higher with spots up ten cents or more and loading slow. Prices listed by weight class for light to heavy hogs and packing sows.
Only slight shifts in area markets occurred with hog prices steady at 9.80. Oats costs edged up modestly while corn saw some price adjustments amid light trading.
Market listings show calf demand 140 to 190 pounds with best choices. Sheep prices weakened with lambs down about eight dollars. Cattle ranges include choice steers 1000 to 1100 pounds and yearlings 900 to 1000 pounds with various grades and prices noted.
Raw sugar stays at 3.77 for spots while futures mostly unchanged with a one point rise except December slipping to 2.86. Refined sugar holds at 4.80 for fine granulated as market closes with minor shifts and no large moves.
U S Department of Agriculture reports scattered sales in Boston territory wools at firm prices. French combing fine territory wools sold in original bags at 10341.05 cents scoured. 2 blood grades moved 9841.02 cents, high end. Medium grade combing territory wools sold at 954.98 cents for 3s blood and 86.88 cents for blood.
Chicago traders saw wheat futures fall as Monday estimates show record high winter wheat acreage and weak foreign demand. Prices slipped 2% to 3 cents by close with December at 1.35, corn and oats also lower. Kyiv Liverpool Buenos Aires markets echoed the drop.
Market notes show cash wheat at 1.41 for No 1 dark hard and 1.35 for No 2 mixed. Corn values range from 1.05 for No 4 mixed to 1.10 for No 2 yellow, with various other grades listed. Oats, rye, soybeans, barley feed, Timothy and clover seed quotes are provided, along with lard prices.
Minneapolis notes wheat and corn futures with 91 car receipts and price drops. Prices listed include No 1 heavy dark northern springs 69 Ibs at 1.53 to 1.62, No 1 dark northern 59 Ibs at 1.52 to 1.62, and No 3 yellow corn around 1.08 to 1.09. Oats No 3 white quoted at about 0.489 to 0.507.
Live poultry and dressed turkeys show steady to firm pricing across multiple lines. Eggs butter and potatoes move with receipts varying, including U S No 1 Russets and Idaho Russets with prices and stock levels noted.
Live poultry by freight turkeys 16 to 24 cents, ducks 16 to 17 cents. Butter receipts 10,422, steady. Cheese receipts 275,469, steady. Eggs receipts 11,004, mixed colors with refrigerator firsts 28 to 29 cents, seconds 27 to 28 1/4 cents, other mixed colors unchanged.
The market reports butter futures with Dec and Jan at 32 2 and 32 2 cents and Feb at 32 56 cents. Bee futures show Refrigerator Dec 27 sc and Jan 26 sc with fresh graded firsts Feb at 24 5 sc. Idaho Russets potatoes Jan at 2 72 dollars and March grade A at 3 18 dollars.
In New York the foreign exchange market showed steady demand with rates listed for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Portugal Greece Poland Czechoslovakia Jugoslavia Austria Hungary Roumania Argentina Brazil Tokio Shanghai Hongkong Mexico City Montreal and New York Montreal cross rates. Mixed nominal figures appear for specific city exchanges and travel notes.
River stage readings show minor fluctuations with small rises in a few gauges. Prairie du Chien, Davenport, Keokuk and other stations display modest changes, while several sites report no change.
New York stocks paused after a brisk start with many leaders recovering fractions to several points. Transfers reached about 1.8 million shares as bonds and commodities rose while auto parts and some industries faced retarding pressure. Major names including Anaconda Kennecott U S Steel Bethlehem and General Motors led the comeback, while several majors like General Electric and Du Pont lagged.
Tuesday stock quotations from Wall Street show numerous names and figures with prices across firms including Air Reduction, Allied Chem, Am Can, Bethlehem Steel, Boeing, IBM, GE, U S Steel, Sears Roebuck, and Union Carbide among others. The list notes trading activity, percentages, and notable entries for investors reviewing market movement.
Grain and produce prices listed for Cedar Rapids including wheat oats rye barley corn and various yellow and sorghum products. Poultry fruit vegetables and hides prices shown with ranges for hens cocks bergs and assorted No. 1 and No. 2 hides. Contains end-of-market notes on pony and blue hides with manes and tails.
In Minneapolis the flour market lists carload lots per barrel in eight pound sacks, with family patents down 10 cents to $7.30 and other lines at $7.65. Shipments total 21.803 and pure bran priced around 32.50 with standard middlings near 42.50.
Regulations to prevent exorbitant charges in legal money lending have been in effect since the Civil War era in the United States. The note highlights historic controls aimed at curbing usury practices and protecting borrowers as financial authorities sought to standardize lending terms nationwide.
Financial and commodity markets worldwide will close Christmas Day and stay closed into Saturday. The Chicago board of trade leads abbreviated Saturday trading for grains, while New York cash grains, and markets in Winnipeg and Liverpool, remain closed through the holiday period.
Mrs Frances Petrak will be honored with funeral services at the United Brethren church in Shueville on Wednesday at 10 a.m. conducted by Rev Francis Pokorny. Burial follows in Shueville Cemetery. Friends may visit at the Petrak home in Swisher Tuesday evening. She was born in Bohemia and came to the United States at age 12, living in the area since.
Private funeral services for Mrs. Mary E. Fry will be held at the home 1736 B avenue NE at 2 p.m. Wednesday with Rev. E. Winslow Brown presiding. Burial is at Cedar Memorial Park cemetery. Flowers are to be omitted. Friends may call at Turner chapel Tuesday evening.
Funeral services for Thomas Pavlis will be held Wednesday at 1:30 p.m. in the Polansky chapel conducted by Theodore B. Hlubu cek. Burial follows at the Bohemian National cemetery. Friends may call at the chapel Tuesday from 7 to 9 p.m.
The Coggon high school basketball teams will take a two week break for Christmas and resume with a home game against Troy Mills on January 8. In the week prior, Coggon posted three games with two victories, including a 27 25 win over Springville. Pearson and Hayenga led scoring. Other results: Coggon 26 Central City 19. 31 19 Viola. 19 30 Alburnett. 41 21 Troy Mills. 43 36 Buck Creek. 18 19 Anamosa.
Born to Fred Strangg at 2525 Johnson NW a daughter on December 22 at Mercy hospital. A son was born to Herbert Hubler of 1409 Second SE on December 22 at Mercy hospital. A daughter arrived for Daniel Elgas of 216 Fourth NW on December 22 at Mercy hospital. Alfred Rinderknecht of Marion welcomed a daughter on December 21 at St Luke's hospital. C W Rodman of Mount Vernon had a daughter on December 22 at St Luke's hospital. Rodman’s wife is Dorothy Mae Robinson formerly of Cedar Rapids.
Police were told Monday that a Christmas tree was stolen from in front of Smulekoff's store at 111 Third Avenue SW on Saturday night. Katherine Ewing of 119 East eighteenth Street NE reported prowlers damaged the garage door lock pulled the door handle and damaged the car ignition.
Mrs. Joe F. Mateju of 1626 Maple Drive NW injured her right hand when it was caught in the wringer of an electric washing machine during family laundry Monday at 9 a.m. She received medical attention.
The Standard Glass and Paint company grants Christmas bonuses to employees with one year or more of service equal to about one month’s salary. Workers with under one year receive a proportionate bonus based on their length of service.
L. R. Garrett reports his car was struck in front of 515 Third Avenue SE between 2:15 and 2:30 a.m. Sunday. Police investigated after Garrett saw the driver pull away from the scene.
Waterloo hospital attendants said slight hope of recovery remained for Miss Eutona Blayney twenty six of 1419 Fifth avenue SE after a fractured neck in a Sunday night automobile wreck near Waterloo. Jack King nineteen of 319 Center Point road NE recovered satisfactorily from a fractured back in the same crash at the Waterloo hospital.
Frank Griffin aged 69 of 205 B avenue NE was treated at St Luke s hospital Monday night for a fractured forefinger and a laceration on the left hand after a fight with an unidentified man. Police went to 205 B Avenue NE at 9 50 p m and found Griffin injured while his wife sought the assailant s arrest, but he had disappeared. Griffin was taken to the hospital.
A purse stolen from Mrs Eve Brown of 1126 First Avenue E between 6 and 6:30 p.m. December 15 was recovered Monday night. It was found by tenants at 843 Third Avenue SE on a radiator inside the front door. Mrs Brown’s glasses remained, but a fountain pen and 70 cents were missing. Identification was made by papers in the purse.
Louisa county basketball coaches defeated Ozzie Simmons Negro professional team by 41 to 27 at a Columbus Junction event on Monday night. The Louisa squad dominated the game with strong defense and timely scoring.
Prices for consecutive days listed with one to seven line options. Want ads accepted until 12 noon for same day and 8 p.m. Saturdays for the Sunday Gazette. Telephoned, mailed or delivered to The Gazette Want Ad Department. readers may respond by letter when only phone numbers are printed.
New York AP reports speculative ratings lead gains as early trading recovers from Monday losses. Opinions split on government gold sterilization and its long term effect, but no immediate market impact. U S and Canadian issues mixed with Treasuries slightly lower while some rails and industrial bonds rise.
The Teeple family thanks friends neighbors and the 3L class for sympathy and kindness during the loss of their daughter Evelyn. This message from Mr. and Mrs. Earl Teeple and family expresses grateful acknowledgment of support.
A list of missing items includes a green felt Knox hat in Marion city square, a yellow gold Elgin wrist watch between 2nd Street and 3rd Avenue and State Theater, a leather dressed set with baby book at interurban station, and a Bulldog with white features. Readers are urged to call numbers such as 3-1649 or 2-7123 for rewards, while other notices mention a black purse near Montrose hotel, a Ronson Tenacase lighter with initials LL.D. and a brown leather purse with $9 and keys.
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