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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 04, 1938
Page
10
Chicago AP reports another cut in hog marketings boosts prices by about 10 cents to a top of 8.85 per hundredweight Friday. Receipts were about 10,000 head, with 4,000 fewer than expected. Cattle remained mostly steady while the lamb trade slowed on price disagreement.
Market list from Cedar Rapids shows Wheat No. 1 at 89c, Oats new at 2c, Corn shelled No. 4 yellow 42c, Soybeans No. 2 yellow 80c, and various hay straw prices. Produce includes butterfat 35c, hens 13-15c, geese 12c, ducks 13c, celery 2.50 per crate, oranges 2.85, grapefruit 2.35, Jonathan apples 1.35, onions 1.75-2.00, sweet potatoes 1.25, and several livestock hides and horses priced.
Hogs receipts 10 000 including 14 500 direct market fairly active 1040 higher than Thursday weights up from 230 lbs most aluaner top 085 bulls and choice 130 220 lbs 860 1880 230 290 lbs 8.00 6359 259 325 lbs 7 75 8.00 hay 10c higher. cattle receipts 1 000 calves 500 classed but tests limited sellers report strong market steer yearlings common to low good grades 650 725 and up to 800 plus bulk heifers 525 650 cows 500 45 50 bulls 650 and venison 11 00 sheep receipts 11 000 lambs very slow steady bids around 725 750. buyers holding 7 50 67 60 and upward yearlings and sheep steady improved quality doubles yearlings 700 slaughter owes 3 85.
OMAHA LIVESTOCK, OMAHA. House receipts 3 500 steady to 10 cents higher with advance on 220 lb plus cattle and sows. Top 825 for 170 220 lb. choice 140 230 lb 800 825. 240 350 lb 700 800. Sows 660 675. stays 6 50 down. Feeding pigs 750 800. Cattle receipts 600 calves. Kling classes lead to steers, stockers, feeders steady. fed steers and yearlings 650 750. heifers 575 625. beef cows 475 505. bulls 525 575. Top feeders 900 1000. Sheep receipts 4 500 all classes steady. lambs 725. Fed western lambs around 740. slaughter ewes 375 down. best feeding lambs above 675.
Receipts feature cattle hogs and sheep with mixed results. Cattle show slaughter steers and heifers steady to higher with value ranges around $4.75 to $6.25 per cwt for various classes. hogs bid about 10 cents higher with 140-180 lb animals around $8.50 and up. sheep and lambs weak to lower with fed woolly lambs near $7.00 to $7.25.
Receipts show cattle moderate activity with prices for 140 lb beeves around 725, cows 450 to 525, cutter grades 3.50 to 4.25, several steers 5.25 to 6.16. Hogs total 5 000 with top 825, butchers 800 to 815, 220 250 lb bales around 773, sows 66 to 65, feeder pigs 77 to 418. Sheep 1 000 with fat lambs 7.00 to 7.25, ewes scarce around 375 down.
Prices for hogs rise modestly in several Iowa markets with steady gains reported in Ottumwa Mason City and Waterloo Horses and cattle prices mixed. Prices by weight class vary from 140 to 550 pounds across Ottumwa Mason City and Austin Minnesota markets with packers pricing around 6.00 to 8.00 per pound. Des Moines reports combined hot receipts across area yards and plants for a two and a half hour period ending.
Hog prices advance 5 to 10 cents on Friday across Wilson & Co and Nog Market offerings. Bulk hogs range from 140 to 350 pounds with top quotes near 8.40, while calf, cattle, and yearling listings show varied gains and steady to mixed prices across packers and sellers in the regional market.
Chicago market notes show mixed poultry receipts with hens over five pounds and leghorn prices, dressed poultry steady, and egg prices unsettled. Potatoes show broad price ranges by variety, Florida Bliss Triumphs and Bitsy Triumphs listed, New York Eggs unsettled with mixed colors, butter futures quoted with daily close values.
Bonds moved toward softer ground amid general selling in second tier rail loans and mixed yields across U S government issues. Losses broadest in inactive carriers and utility issues, with variations in Great Northern and Nickel Plate among others as midday activity showed scattered declines and slight rises in Japanese issues. Mississippi River stages listed with minor changes across locations.
Wheat futures surged on the Chicago Board of Trade with May at 95 to 95 1/4 cents as traders cited early buying and improving export activity. Corn followed, oats steady, while Liverpool and Argentine rains influenced mood. receipts totaled 119 cars. Chicago cash wheat and corn prices quoted with multiple grades and nearby futures shown.
The report shows the pound as a leading gainer amid dollar pressure with noon rates for multiple currencies including Great Britain France and Germany. Sugar and wool markets are covered with raw sugar unchanged and Boston wool prices showing various grades and regions trading Friday.
An 87 year old farmer in Illinois received diathermy treatment after five crews built a two mile power line in eight hours to reach his isolated farm. Dr. Hutchinson coordinated with John A. Cleveland of the company who ordered immediate action. The line was energized at 8 37 p.m. Thursday, marking a quick, emergency extension normally slated for spring.
Stocks fluctuated Friday with a brief early decline to new two year lows, then a partial recovery as major issues like American Telephone and U S Steel improved. Volume was light as more names slid late. bonds stayed quiet and uneven while grains and cotton futures rose.
J E Bennett & Co reports a dense list of Jewish stock quotes and prices across many issuers. Key entries include Adams Express Alaska Juneau Allied Chem International Nickel and Alco holdings with notable figures and percentages reflecting market movements. The document catalogs dozens of names from Amoco to Westinghouse with varied bid and ask levels and closing styles.
Five men were killed and ten injured when a rock fall struck workers sinking a new shaft at the Leva mine seven miles north of Sudbury, owned by International Nickel Co of Canada. The victims included Arvo Salonen Paavo Sandberg Kontola Kauppila We Goes and Anthony Cyr.
William S Bye 86 of 720 Fifth Street SE Cedar Rapids dies in a local hospital after a brief illness. He was born July 18 1851 in Morgan County Ohio and married Mary Holloway in 1893. Funeral at the Quaker meeting house West Branch Saturday at 2 30 p m with burial there.
Minnie Pugh wife of George Pugh died at 212 Twenty Fourth Street NE after a long illness. She was born in Toronto and resided here six years. survived by husband sister Mrs Ellen Burke and brothers John Sweeney and D J Sweeney. Funeral at St Matthew's Church and burial in Dubuque, with Rosary in Turner Chapel. John Chiad, 64, died at his Fairfax area home after illness. survived by brother Vaclav and sister Mrs Frank Zvacek. Burial at Truhlar cemetery after services in Barta Chapel and Bohemian Reformed church.
Funeral services for Mrs Mary B Svoboda will be held at the home of her son Harry Svoboda six miles south of Walford at 9 am Saturday and at 10 am in Holy Trinity Church Walford with Rev Stephen Srahulek officiating. Burial will be in Hala cemetery. Friends may call at the home.
Funeral services for Betty Anne Manwiller will be held at the family home 1015 Tenth avenue SE at 9 am Saturday conducted by Rev August Cramer. The body will be taken to McIntire Ta for burial. Friends may call at the home.
Funeral services for Wellard Jackson will be held in the Beatty chapel at 2 p.m. Sunday conducted by the Rev. F. H Ward. Burial follows in the family lot at Oak Hill cemetery. Friends may call at the chapel from 7 to 9 p.m. Saturday.
The White House announced President Roosevelt invites 12 business railroad and federal officials to Washington to discuss the nation’s railroads. Invitations issued through Walter M W Splawn of the ICC set no date but a near future meeting is expected. Participants include Carl Gray Joseph Eastman Burton Wheeler Harry Truman George Harrison Ernest Draper Jesse Jones Will Alexander and others.
Washington AP reports rising demand for lower cost homes lifted HOLC rentals 27.9 percent in 1937 from 20.92 to 26.75 dollars monthly. The Home Owners Loan Corporation cited higher demand as the main cause.
Washington dispatch reports Rep. Treadway of Massachusetts argues that delaying tax revision widens fear and lengthens a “Roosevelt depression” causing partisan dispute in the House. The item notes lingering economic anxieties and political tension over tax policy.
Washington reports Chairman Mary T. Norton of the House Labor Committee says the wage hour bill may be revised after general discussions with President Roosevelt. She sees a brighter outlook for passage and notes lessened southern Senate opposition. A revision may include administrative features. dispute remains over single administrator or five man board.
J W Early of 112 First Avenue W broke a ankle after a Friday night ice fall. Thieves stole fifteen gallons of gasoline from Mrs Louis Tickal’s car at 257 Twentieth Avenue SW. Neighbors report prior gasoline losses. George Estergren of Great Falls Montana, 51, arraigned for vagrancy, bound to grand jury after being found asleep at Iowa Electric Power plant. Ray Hatfield, 21, 1106 Ninth Street NW, given 30 day suspended sentence for petty larceny of a tin box from O W Harper at 1113 Ellis Boulevard NW. Harper papers recovered.
Three small business men form the National Laugh club to sponsor a national Laugh Week. Cyrus O. Teeter is president with Chester Bean secretary and Robert O. Jones ex-officio secretary. They seek a congressional week of laughter to lampoon taxes, unfair laws, unethical business, and scarcity theory.
Chairman Elbert Thomas of Utah and the senate education and labor committee disclosed that preliminary action has been taken for a comprehensive study of government purchases and their potential to prevent business recessions. The committee approved a joint resolution directing the Bureau of Labor Statistics to compile data on all federal purchases, a study likely to take about six months.
Adolf Hupka, 20, of Jersey City, who was wounded by a ricochet from Sheriff James H. Smith’s gun while fleeing last Nov. 9, was moved from Mercy hospital to the Union Station by ambulance with Sheriff Smith and Dr. Lee Bascom. He will reach Jersey City Saturday noon. Paralyzed from the waist down, he faces a charge of breaking and entering a railroad car and had been released on own bond on state motion.
Classified notices list moving services, jewelry and watch sales, unclaimed diamonds, a travel bureau, van lines, upholstering, knitting, beauty services, and employment ads. It includes contests against fraud in ads, and various offers from Katz Loan Co to Paramount Ride and Central Employment Agency.
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