Hog prices slip on Thursday in mixed market
Hog prices moved mostly down on Thursday with declines around 10 to 15 cents in lighter items. Market observers noted firmness in heavier lots while lean hogs leaned lower amid trading activity.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 01, 1940
Page
5
Hog prices moved mostly down on Thursday with declines around 10 to 15 cents in lighter items. Market observers noted firmness in heavier lots while lean hogs leaned lower amid trading activity.
AP stock report shows salable receipts at 18 000 cattle and 6 000 sheep with steers and yearlings mixed in demand. Cattle market largely steady to dull with heifers and cows down modestly, while fat lambs and yearlings show firmness in spots and limited supply keeping values near steady to higher.
Chicago wheat prices declined on Thursday as favorable crop weather reduced demand. May wheat settled around 96 to 96.45 cents, with corn and oats also lower and soybeans down about 1 percent. Outside markets weakened, export business was quiet, and local cash grain buyers moved 32 000 bushels to arrive.
U S Dept of Agriculture combined hog receipts for the 24 hour period ending Thursday show 22 306 head at 16 yards and 10 packing plants, down from 24 409 a week earlier and 15 200 a year ago. Prices steady to 16 cents higher with varying weights and quality across ranges from 270 to 490 pounds, with bids around 3.50 to 4.95 per hundredweight depending on size and grade.
Market report shows hog prices varied by weight and grade with bids ranging from about 4.00 to 5.26 per cwt. Cattle and horse figures appear alongside hog quotes, noting general price trends and steady or slight changes. Strong entities include OTC markets and farm price listings, though legible specifics are scattered across the clipping.
The report lists live hog market quotes by weight ranges and grades from Minnesota, showing various price bands for sows, barrows, and hogs across weight categories from 150 to 700 pounds, with typical per hundred weight rates and spread details.
U S Dept of Agriculture cattle receipts 1500 to 7000 head noted. Slaughter steers and stockers active while stockers and feeders scarce. Prices listed for fed steers yearlings cows calves hogs and lambs with packer top around 5 and feeder values noted. Pigs and lambs show varied demand and prices with regional feeding trends indicated.
Livestock market report shows receipts of 2,500 cattle with slaughter steers steady and trade slow, hogs 8,500 receipts fairly active and steady to higher, sows and feeder pigs varying, calves to 1,500, and sheep 4,300 receipts with sellers asking higher on slaughter classes and best fed lambs around 9 dollars. Prices range for cattle, hogs, and lambs noted across categories.
USDA report shows receipts at 8800 cattle and 2500 sheep with uneven demand. Cattle mostly steady to 15 cents lower with fat cattle and veal steady, steer prices around 8.25 to 9.25 for fed steers, cows 5.25 to 6.00, bulls up to 6.40, sheep bids steady with fat lambs near 8.65 to 8.75 and best over 9.60.
The market shows hogs steady with prices unchanged from Wednesday, top at 5.10. Cattle also steady. Sheep market notes include genuine spring lambs 70 to 90 lbs and bucks around 8.00 per head, with quality affecting prices.
Wheat No 2 at 85 cents a bushel oats No 2 white 36 to 38 cents rye No 2 43 cents barley prices 2 54 245 cents buckwheat No 2 81 20 cwt soybeans No 2 yellow 2 dollars per bushel hay and straw prices listed butterfat cream prices 30 and 28 cents per pound poultry prices for hens leghorns and additional birds ranked by weight wholesale fruits vegetables listed late January prices for lemons oranges grapefruit lettuce onions potatoes and other crops and hides market notes include calf kip and horse prices with a confusing line about manes and tails.
In New York the stock market moved slowly with many issues reversing directions. The seventh straight day without a rally, few gains appeared in rubbers and rails while steel and motor shares stayed in the red. Some issues edged higher and transfers stayed under 500000 shares. Notable supports included Goodyear U S Rubber Goodrich Studebaker Glenn Martin and International Paper. Weaker names included U S Steel General Motors Sears Roebuck Montgomery Ward Douglas Aircraft and American Can.
A dense list of stocks and prices from Bennett & Co and others shows varied quotes. Notable names include Allied Chem, Johns Manville, Kennecott, Kroger, Libby Owens, Lowes, Lorillard, Standard Oil types, and Anaconda among many. The column presents multiple percent changes and prices, indicating a broad market snapshot with numerous firm figures and fluctuations.
A fragmented OCR line shows scattered price figures and percentages for several months including May July Oct. The data appears garbled with inconsistent symbols and trailing characters, lacking clear context or complete values for interpretation.
Prices for corn oats barley and field seeds shown with bid ask figures. Wheat No 3 yellow hard 9 7c per bushel and other grain values listed for mixed corn oats and malting barley with various grades. Field seed per 100 lbs includes timothy sweet clover red top red clover alsike and alfalfa ranges. Lard and bellies quoted per hundredweight with multiple price points.
Minneapolis cash grain market reports receipts with two cars and various grain grades. Wording notes lower quotations for wheat and corn with several No. 1 and durum varieties listing prices and percentages. oat and barley quotes also provided in mixed figures.
AP report details live poultry receipts of 28 trucks with hens and broilers varying in price, plus 723 616 receipts and unchanged overall egg quotes. Potatoes show slightly weaker demand with plentiful supplies, listing U S No 1 washed prices and regional varieties across Idaho Colorado Nebraska Minnesota Wisconsin Michigan Florida markets.
New York AP market notes show eggs receipts at 14 486 with weak to mixed colors and varied grades. Butter receipts 1 154 824 reflect a Creamery price rise over the range with higher than extra and firsts components. Cheese receipts 94 169 report firm prices with no change.
A fragmented 30 March to February record shows Lamson Bros and Co providing standards for butter storage and egg refrigeration. The notes list temperatures around 18.15 and 18.05 degrees with references to pantry measures and market practices.
The Linn county schools music teachers association held its first band clinic in Marion Wednesday night in the Lincoln building band room. Glenn Lyman led the session with guest conductors R. L. Moehlmann of Franklin high school Cedar Rapids and Ray T. Schwab of Springville and Maquoketa high schools. Read and practiced spring contest music for Class B and C bands.
The Paris Steam Dye Works and Laundry announces new management and pledges the same courteous friendly service to old and new customers.
The Win-a-Couple class from the Presbyterian Sunday school hosted a pancake supper Wednesday evening drawing more than 120 attendees. The event supported class activities and church programs.
Friday and Saturday bargain sale offering men oxford shoes priced at six dollars withwomen and other footwear at sale prices. Benish Shoe Store advertises in local paper.
Funeral services were held Wednesday afternoon at the Dunkard church in Robins for P. C. Boyd with Elder Lestey Kinzie R. W. Flory of Cerro Gordo NL and Rev. O A Myer of Robins Church of the Brethren directing. Pallbearers were Glenn Miles Joe Sutera Norman Burgess Neil Miller Carl Schluntz and Anthony Olinger. Burial followed in the Dunkard cemetery. Mr and Mrs Dewey Robbins of Palo were out of town relatives present.
Miss Alice Fernew of Lyndon Center Vermont arrived in Marion on Wednesday evening called by the death of her mother Mrs. Owen S. Fernew.
Friday and Saturday sale offers all fancy shirts at $1.50 reduced to $1.19. Ad notes trabenized collars and features Ed Sig and Fred.
Louis E. Peckosh has improved at home after two weeks confined by illness. His wife, Mrs. Peckosh, who has been ill the past week, is recovering as well.
Mrs Charles A Engel, Mrs J T Christie and Mrs James Curtin entertained the Emma Kendall circle of the Priscilla Guild at luncheon at the Engel home on Wednesday noon. Seventeen members and a guest, Mrs L R Lange, attended.
Beautiful Valentines advertised from the factory are available at Owen's Drug Store with appealing prices for all buyers.
Bill Reed, son of Mrs. E. J. Reed, travels to Glenview Illinois on Thursday to enroll in the army aviation corps.
Mr and Mrs Ed Schultz have returned from a month long vacation spent in Pasadena California.
Mrs. Viola Dunci and her daughter TM Mary Lou of Tulsa Oklahoma are guests of Mr. and Mrs. D I Hoskins during a hospitality stay in the city.
A local ad markets many attractive bargains in men's, women's and children's footwear set for Friday and Saturday. The notice highlights savings across styles and sizes with limited stock quantities.
Mr and Mrs Iverson A Summers of Conesville arrived Thursday at the home of Mrs Summers brother L M Phelps to attend the funeral of Miss Louise Rathbun.
Mr and Mrs Jacob Kray visit their son in law and daughter Mr and Mrs H J Hazewinkle in Dubuque and plan to return home Saturday.
Billy Cooney is ill with influenza and resting at his home on the Alburnett road. The notice notes his illness but provides no further medical details or prognosis.
William R. Kemble sells his boulevard greenhouse to Arthur Bezdek of Cedar Rapids. Kemble will run his Cedar Rapids retail store and the family will stay in the boulevard bungalow for now.
Mrs Elizabeth Powlishta dies at her home in Oxford Junction. Her sister Mrs John Peters could not attend the funeral due to illness, but Mr Peters and their daughter Mrs A C Johnson attended the services in Oxford Junction.
Mr and Mrs Paul Bartlett will depart Friday to visit Mrs Bartletts son Wilmon Grice in Milwaukee.
The committee in charge of the Monday benefit concert reports nearly $100 raised. No expenses will be incurred as the Methodist church donated the auditorium, credited by the Cedar Rapids Men's chair and the dental medical committee of the PTA.
Miss Nadine Dove a Carleton College student in Northfield Minnesota will arrive Thursday evening to spend the mid semester vacation with her parents Mr and Mrs Laurence S Dove.
Miss Catherine Peckosh student nurse at St. Joseph's hospital in Omaha Neb has been seriously ill for the last week with mumps. On Charles fifth birthday Mrs L E Storm hosted a Wednesday party at 1265 Eleventh street with decorations in a Valentine motif. Guests included David Carey Allen James Charles Kent Tommie and Jean Marchant and Sandra Storm.
New York AP report notes a smoothly paced bond market with mixed fractional gains near noon. Industrial and utility loans edged higher while First-grade industrials reached multi year highs. United States government bonds showed tiny shifts and foreign issues mirrored modest gains and dips.
Mr and Mrs C R Biddick with Mr and Mrs L H Biddick of Oxford Junction travel to Des Moines for a lumber dealers convention. The group represents the Biddick family in established industry circles and is listed among attendees.
Berlin AP reports Foreign Minister Joachim von Ribbentrop says Germany and Soviet Russia have no intention of carrying the war into the Balkans. He states both nations are bending every effort to spare that section of Europe the horror of war in an interview prepared for publication for a Greek newspaper.
U S Department of Agriculture reports domestic wools arriving in Boston faced weak demand on Thursday. Spot supplies were limited and sellers saw price reductions. Foreign wools also attracted lower bids as demand slackened, tying the unsettled market to recent wealth fluctuations.
The Senate approved a House backed resolution extending the federal land bank commission's authority to issue loans for two more years. Without the extension the power would have lapsed at midnight. The bill moved to the White House for President Roosevelt's signature.
Virginia Nicolson Welles, 23, was granted an uncontested divorce from Orson Welles, 24, in Reno Nevada after a brief secret hearing. The case cited extreme mental cruelty though she disputed the fit of the term. The actress plans to return to New York to continue stage work and praised her ex husband while noting genius and marriage do not mix.
Mr and Mrs George Dvorsky of Springville have been recent guests in the home of their son in law and daughter Mr and Mrs August Kray.
Miss Adeliza Daniels was honored Wednesday at a luncheon at her home given by the Adeliza Daniels circle of the Priscilla Guild at the Congregational church. The circle presented a plant and she received cakes bouquets and other gifts. Eighteen members and guests Mrs. Roy Kellams Mrs. Burt Letts Mrs. Reginald Adams Mrs. Ellen Parks and Mrs. La Verna Crew attended.
Fire department rushed to the apartment of J Lawrence Bigger at 104812 Seventh Avenue at 11:45 a.m. The blaze started from a short circuit in a radio cord lead but caused no damage.
The Cedar Rapids Gazette notes want ads are accepted until 12 o clock noon for publication the same day and each Saturday for Sunday issues. The paper is not responsible for more than one incorrect insertion of any advertisement ordered for more than one day. Eastern Iowa's Leading Want Ad Medium.
More than 250 Iowa service clubs were invited Thursday to send representatives to the all-Iowa dinner for the University of Iowa football squad on February 12. The Iowa City Chamber of Commerce is in charge of the affair.
At Wistaria Vine Gardens in Sier ra Madre California a single wistaria vine spreads over a full acre of ground creating a remarkable botanical feature noted by local observers.
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