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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 01, 1938
Page
6
Chicago AP reports declines across cattle hogs and lambs as receipts rise well above estimates. Cattle quotes dip to near two-year lows, lambs at three-year lows, and pork loins cut to a 16 cent top amid weak demand. Hogs drop to 8.75 dollars, with expectant sales showing broad weakness in a sluggish market.
CHICAGO LIVESTOCK. HOGS receipts 23000 with 5900 direct market uneven mostly 25¢ lower than Monday. Top around 8.75 with 150-200 lb hogs at 8.55 to 8.70. Butchers 270-325 lb around 7.90 to 8.50. CATTLE receipts 8000 calves 2000 fed steers. market down about 50-60¢ from Monday, cows and bulls 10-15¢ off. VEALERS mixed, vealers 10.50 to 12.00 top. SHEEP receipts 14000 with fat lambs easing. choice lambs 7.65 to 7.75. Iowa and Waterloo prices show 15-20¢ declines for hogs and varied cattle and packing sow rates. Mason City and Austin market notes follow with regional variances and mixed price shifts.
Receipts noted at Sioux City Des Moines and St Paul yards show hogs and cattle at weaker bids. Slower demand trimmed prices on 165-190 to 300+ lb hogs with top around 8.25, while cattle and vealers softened 25 cents in several classes. Sheep values also eased amid light demand across markets.
Hog prices dropped 25 cents on the local market Tuesday with top hogs at 8.25 including a 10 cent premium for extra fine hogs. Cattle market also slipped 25 cents. Wilson & Co. Nog Market lists bulk hog prices across weight ranges, packer rates, calf and sheep figures, and various cattle classifications with declines noted in multiple categories.
Grain and live stock prices listed for Cedar Rapids include Wheat No 1 at 90c, Oats 27c, Rye 5c, Corn No 4 Fellow 42c, Soybeans 84c, and various straw and hay values. Wholesale fruits and vegetables priced with lemons 5.50 to 6.00, oranges 2.35, Jonathan apples 1.35, celery 2.50 per crate, lettuce 2.40 to 2.65, sweet potatoes 1.25 hamper, bananas 5 to 14c, and other market items. Hide values shown for cured beef hides and horse hides with assorted grades.
Raw sugar prices slipped as refiners showed little interest above 3.15 dollars and bids ranged from 3.18 to 3.20 while futures were more active and down one to three points. Refined sugar held at 46.50475 cents per pound with modest inquiry. In Boston wool, small sales emerged with mills buying only for immediate needs, prices steady to slightly easier than last week’s close.
Wheat futures edged up about one cent a bushel in quiet trading as dry weather in the southeast wheat belt supported gains. May wheat at 94 1/2 cents, corn up to 59 1/2 cents, oats up around 31 1/2 cents, with late-day strength helping prices after mid-session selling. Export interest remained light and receipts totaled about 94 cars as buyers anticipated rough weather forecasts.
Chicago cash grain prices for wheat corn oats rye and seeds with bids for No 4 mixed wheat No 5 mixed corn No 3 yellow and other grades plus Timothy and clover seed values from Chicago and Minneapolis reports. Prices include futures like No 1 and No 2 hard Montana and various durum grades with per bushel or per ton figures and market notes.
Chicago produce markets show steady prices across live poultry dressed meats and potatoes with receipts and on track figures. Idaho russets and other whites listed with U S No 1 and No 2 prices, Florida and Cuban sacks noted, butter and eggs receipts and prices detailed for New York and national markets with varied grades and stock levels.
Dr Charles Frederick Darcy archbishop of Armagh and primate of all Ireland died Tuesday at his Armagh home. The 79 year old church leader served the Protestant Church of England and was a prominent figure in Northern Ireland affairs.
NEW YORK AP Stocks bobbed up and down Tuesday with leaders maintaining gains of two points or more. Volume was light at about 800,000 shares as profit taking appeared near day’s end. Major names included U S Steel Bethlehem Steel Crucible National Steel Anaconda Kennecott Cerro de Pasco American Smelting Douglas Aircraft Boeing Chrysler U S Rubber J J Case Oliver Farm Westinghouse Du Pont American Can Standard Oil of New Jersey Texas Corp Santa Fe Pennsylvania Johns Manville Canada Dry Gypsum Allis Chalmers Celanese and more. Gold mines led early with Dome hitting a new high before fading. Utilities posted small gains except American Telephone which saw selling.
A dense list of stocks and prices from Adams Express to Dexter Co and others appears in the Tuesday Quotations. The sheet includes numerous names such as Allied Stores Libby Owens Mfg and Coca Cola with varying figures, showing daily shifts across diverse industries and exchanges.
Sydney reports US cruisers Tren ton Memphis and Milwaukee sailed Tuesday to take part in the ceremonial opening of the enlarged British naval base at Singapore.
The krone serves as the monetary unit for both Norway and Denmark, acting as their official currency in financial transactions and nationwide markets. It distinguishes each nation’s money system and is central to their economies and price signaling.
Marion items report travels of the Fitzgerald Blinks and others through the south, a death in Groesbeck, high school games vs Anamosa, hospital visits, church activities, a skating ready yard, and numerous local notices from clubs and advertisements. Supporting residents include Winkle Brown family Creglon Young Doolittle Duncan and Greer relatives.
A vintage advertisement touts OSTREX Tonic Tablets for boosting vitality. It claims the product restores vigor and energy with a money back guarantee if not delighted, offered at 79 cents today from May’s Cut Rate Drug Store located at 215 Second St SE.
A New York AP dispatch reports a delegation of 90 to 118 small businessmen planning a Washington visit to press their case with President Roosevelt. After a noisy premeeting, Charles Courtney was named chair of a 20 member committee to present a program, while Robert Kaempfer, invited but unemployed, sought a seat for the unemployed.
MIAMI Fla. UP The American Federation of Labor executive council Tuesday delayed consideration of action against the Committee for Industrial Organization.
The New York bond market showed firm demand with railroad issues rising. Railroads such as New York Central and Southern Railway led fractional gains while domestic corporates were mixed in a narrow range and government bonds advanced modestly. Foreign bonds were mixed as traders eyed Treasury notes and inflation thoughts.
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