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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 28, 1934
Page
8
Chicago reports a decline in hog prices with heavy incoming supplies and mixed gains in other markets. Cattle receipts reach about 9,300 with steady to higher notes, while sheep and lambs show stronger bidding at several exchanges.
Lighter hog grades advance 5 to 25 cents on the local market while heavy hogs hold steady. Top price remains $6.85. Market reports from Binclair Hog Market detail truck hog prices across weight classes, plus calf and sheep market notes and cattle price ranges.
Fragmentary data shows scattered references to Cedar Rapids items and unrelated entries. Mentions of civet cats and Chicago produce futures appear among disjointed lines and OCR artifacts.
Wholesale market notes from Chicago show butter receipts rising with creamery grades above extra. Egg prices strengthen with scores and firsts firm, while live poultry markets remain steady to firm with mixed freight grades unchanged.
Mild rally tendencies developed with fractional advances in Consolidated Gas American Can National Distillers U S Steel Douglas Aircraft United Aircraft. Public Service of New Jersey dipped to a low later rebounded for a small gain as Inland Steel rose about four points on limited transfers.
AP dispatch summarizes cattle hogs and sheep receipts at Omaha and other markets. Hog receipts around 6,000 with uneven gains and slower trade. steer and yearling bids climb slightly while stockers tighten. Sheep receipts near 6,300 with firmer bids for fat lambs. cattle, hog, and sheep prices vary by weight and grade across Waterloo Mason City Des Moines South St Paul Austin and surrounding markets.
Chicago trading saw scattered selling on the Chicago board of trade as Buenos Aires and Liverpool failed to mirror advances. Wheat fell about 35 to 44 cents, corn mostly steady to down, oats mixed, and lard and bellies rising then retreating amid hedging. Cash markets showed little movement with light receipts and limited buying.
Prices held steady in morning bond trading with a steadier tone in utilities. Rails moved narrowly while industrials stayed near closing levels with scattered gains in utility bonds and mixed moves in federal issues and foreign bonds.
In a blast on a coal train eleven miles from the capital, a boiler explosion ripped through cars, killing several miners and injuring forty two. Charles Kitchen, a survivor, described the scene as the boiler was thrown and steam engulfed passengers. seven remain critical and thirteen less seriously hurt.
On top of the Washington Monument during shaft renovations authorities report 107 gold plated lightning rod tips stolen from the 555 foot summit. Each tip worth eight dollars, total loss about 856 dollars. Guard placed to prevent further theft as visitors have accessed the top during work.
White House asked Schenley Distillery to stop using the President's picture in an advertisement. Stephen T. Early said requests for approval of such use were denied and concerns arose about unauthorized display in ads.
Rep. Treadway of Massachusetts announced a bill to impose a 2.25 percent manufacturers sales tax aimed at raising about 450 million dollars in federal revenue. He said half of receipts from the excise tax could be allocated to states.
Tennessee railroad and public utilities commission ordered reductions in telephone rates charged by Southern Bell Telephone and Telegraph Company. The cuts will save Tennessee subscribers an estimated $500,000 annually and take effect after January 1935 billings.
Foreign exchange rates show many currencies in cents with Great Britain at 404 and France at 060% and a long list including Germany 4025 and Norway 2483. Sugar futures steady with a one point gain and refined unchanged. Bond quotes show Liberty and Treasury issues with recent price levels across several maturities.
New Jersey will not invoke the 1934 alibi law before the Hauptmann trial over the Lindbergh kidnapping. Officials fear constitutional challenges and surprise witnesses, while prosecutors plan an aggressive case to place Hauptmann near the Lindbergh home March 1, 1932.
Dr. H. M. Gage of Coe College led a memorial at Judge F. L. Anderson’s funeral service at the Congregational church praising his purity justice valor and wisdom. Burial followed at Oak Shade. over fifty Linn County Bar members and county workers attended. notes on club events and local visits fill the rest of the page.
Sen Carter Glass denounces Governor Marriner Eccles claiming the Fed and FDIC acted in bad faith in cutting savings and time deposit rates from 3 to 2 percent effective February 1 1935. He says the board lacks authority to regulate non member banks and rejects alleged illegal action.
More than fifty threats of violence against American Ambassador Jefferson Caffery in six months were reported. The threats, many tied to the Scottsboro case, urged US intervention to aid Cuba while others warned against intervention. Caffery continues to travel openly despite police protection and threats.
Seattle AP report says Col. Roscoe Turner plans to pursue an air speed record above 400 miles per hour next summer. He will fly a low wing single seated monoplane designed by Prof. W Barlow of the University of Minnesota, aiming to surpass all land plane records.
Johnny Baker former USC all American guard and head coach at Iowa State Teachers College Cedar Falls joined the Bene dicts when he wed Marion Dowsell of Sauk Center Minnesota Wednesday. The ceremony was performed by Rev Robert Redenbaugh an old schoolmate.
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