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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 31, 1938
Page
2
Chicago livestock market remains steady as hogs and cattle post small gains amidholiday closures. Hogs quoted around 7.90 for choicest and 7.25 for heavy. cattle steady with steers at 13.65 top, calves up to 11.50, sheep near 9.15 for best lambs. receipts limited and next week totals projected.
Chicago hog cattle and sheep receipts rise modestly with cleaning trade steady. Hogs top at 7.75 for 150-240 lb, cattle driven by good steers and yearlings, heifers, and cows up to 13.50, 10.75 for top fat heifers. sheep show heavier lambs trading around 9.15 to 9.50 as week ends.
Grain and produce prices listed for Cedar Rapids include wheat No 1 58 1c No 2 56 2c oats white No 2 24c No 3 2c rye 34c barley 30c corn No 2 yellow 42c No 3 yellow 40c soybeans No 2 yellow 68c hay and straw prices bale tame hay 7.00 bale straw 5.00 poultry prices for springs over 1bs 12c Leghorns 6c under 5 lbs 14c hens over 5 lbs 8 14c and Leghorns 7c processed Henneries 2c No 1 18c No 2 18c wholesale fruits vegetables lemons 5.50 6.15 oranges 3.15 4.40 grapefruit 1.75 4.75 celery 2.75 crate lettuce 4.60 bananas 5 12e onions 0.59 1.25 cranberries 3.75 4.4 cabbage 1.50 carrots 4.00 crate potatoes 1.45 1.98 sweet potatoes 1.25 1.90 bus beef hides No 1 7c No 2 6c calf 0 0 calf ic No 1 kip ic No 2 kip sc horse No 1 2.23 No 2 1.75 pony and smalls half price
Saturday gains lift hog prices across all grades except packers with top at 7.10 for 140-140 lb hogs. Cattle market shows prime steers around 10.50 to 12.50 per hundredweight, with various ranges for yearlings and cows. Spot notes include sheep lambs at 37.00 per hundredweight and calves around 7.50 for good to choice 140-190 lb calves.
Chicago markets show no arrivals for japs butter with mixed scores and stable prices. Potatoes report 48 arrivals with Idaho russets steady and firm demand for top quality, while New York butter and egg prices vary with irregular receipts and unchanged cheese.
The New York bond market closed the year with strong demand lifting many issues. Treasury and corporate bonds advanced broadly, with some gains up to four points as investors priced in hoped for 1939 business improvements and rail aid. Key Treasury issues quoted include 3s and 4s with modest yields.
Wisconsin cheese quotas for the week Jan 2 to 7 list items such as twins 12 cents, daisies 12 74 cents, horns 12 34 cents, and cheddars 12 cents. Farmers’ call board also notes various cheese prices. In New York the British pound fell nearly a cent against the dollar, with other major currencies moving slowly. rates shown for France Germany Italy Japan and more.
Ontario film censors report half of British films need amendments to be shown while under a fifth of U S imports require changes. Chairman O J Silverthorne notes anti democratic propaganda now the board s most complicated problem.
New York stocks end 1938 on a brisk rally before New Year’s with rail and steel leaders. About 800000 shares traded in two hours, as fractions to over one point gains and new annual highs appeared while profit taking restrained some issues. Carrier bonds rose amid hopes for stimulus legislation for transportation.
Wall Street stock quotations published with many names across industries. Lists show prices and percentages for Adams Express to War time equities, including Johns Manville, Lehigh, Libby Owens, Union Carbide, Ford, General Motors, Sears Roebuck, U S Steel, and Woolworth among others.
Orangeburg county in the cotton belt shipped hogs valued at 218850 dollars in 1938, a large rise from the year before.
Wheat futures edged higher on the Chicago Board of Trade as pre holiday demand increased and weather concerns lingered. May wheat up 4 to 44 cents, corn steady with May at 52.75 cents, oats up 1 to 2 cents, cash grain mixed with No. 2 corn at 54-54.5 cents and No. 2 white at 63-64 cents.
Propaganda Minister Goebbels declared 1938 would be a landmark year as the Greater German Reich was seen as fulfilled. He spoke by radio from Lake Wannsee, citing the return of more than 10 million Germans and warning of fast times and ongoing problems. Reports of his illness and alleged beating sparked international rumor and denials from German and British sources.
Federal Judge Hincks dismissed a writ seeking involuntary bankruptcy, ruling Connecticut lacks jurisdiction since the $87,000,000, 105 year old drug firm already filed for reorganization in New York. A New York committee for common stock holders was named. New York liquor authorities say Musica concealed his identity and fingerprints of 400 employees.
A new trial motion is filed in two district cases where judgments of 98106 and 3500 were awarded to Homer Brooks and his son against Paulson Electric Construction. The Brooks boy was struck by an iron conduit pipe from a Paulson truck while bicycling May on Third avenue SE. Judge Ring also granted a 50 judgment to Mary Habib in a personal injury suit from a January collision at Second avenue and Nineteenth street SE.
At a special session on 1939, the Cedar Rapids city council approved ten deputy assessors including Martha Werner the first woman formally named to the post. Werner, daughter of former assessor Henry Werner, has prior city assessor’s office work and will serve in the field.
Moscow issue of 11 stamps by the U S S R marks elections to the supreme soviets of the union republics. Each stamp shows the emblem of a different republic. all share the same denomination but vary in color.
Chicago reports outline a scheme where a 12 year old boy buys small items with counterfeit fifty cent pieces and returns change to his mother, Floren Foster, 34. Foster and Franklin Greenfield 35 are jailed on federal counterfeiting charges. Jackie Foster, the boy, is in juvenile detention awaiting placement.
In Memphis Tennessee at the Grand Central station Yule tree an unnamed man undid a red bulb and plugged in an electric razor to shave himself, creating a brief odd moment at the lit holiday display.
Marion social notes recount a party at a hostess’s home with Sub-debs club members and friends. The column lists attendees and refreshments for Arlene Tow Kathleen Newman Zella Mae Fenlon Katharine Brink Faye Parks Virginia Jackson Melvin Meggers John Miller Herbert Ellinger Dick Hall James Frazee Bob Vernon Bob Fielder and others.
William Gabriel, known as Oroville Negro, grows sugar cane in Oroville California. He started with a cane stalk from Mississippi three years ago and has now harvested two city lots. He plans to press the juice and produce syrup in a boiler he built.
The notice lists multiple churches with pastors and weekly services. Marion Baptist, Christian, Congregational, Free Methodist, Methodist Episcopal, Presbyterian, St Pauls Lutheran, Seventh Day Church of God, and Prairie Chapel show Sunday schools at 9:45 to 10, morning worship around 10:45 to 11, with various sermon subjects and midweek activities.
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