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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 09, 1938
Page
8
U.S. hogs and cattle moved higher on Wednesday as producers hold back supplies to lift prices. Hogs up to 10 cents, top near 89 per hundredweight, fat cattle steady to 25 cents higher with prime heavies near 1150 on special accounts. January slaughter totals show higher pork output offset by declines in other meats.
AP dispatch summarizes livestock prices and receipts across Chicago, Sioux City, South St Paul, and Des Moines. Hog prices steady to 10 cents higher with top around 8.90 for light to medium weights. cattle and calves show broad activity and higher bids on fat steers. Sheep and hogs receipts noted with varied demand and price levels.
Hogs across Ottumwa Waterloo and Austin show steady to higher bids with 140-180 lb ranges around 7.70 to 8.30 dollars per hundredweight and larger 250-350 lb ranges near 6.50 to 7.90. Cattle and sheep receipts follow with mixed steady to strong trends and fat lamb bids around 6.90.
Local market figures show hog prices advancing 10 cents with top at 8.45 while calf and sheep values vary. Wilson & Co. lists bulk hogs and packers across weight ranges, plus cattle, yearling, and cow prices reflecting modest gains and regional activity.
A Cedar Rapids listing shows mixed prices for grains, beans, and produce. Wheat No. 1 eight cents, No. 2 seven cents, oats two cents. soybeans yellow No. 2 eight six. hay straw values. butterfat and cream prices. assorted live poultry weights with per pound rates. wholesale fruits and vegetables with various crate and per unit prices. hides and animal byproducts prices. whole sale market items include lemons, oranges, grapes, celery, lettuce, bananas, and other staples. Includes animal hides, pony and glue byproducts and horse prices.
Raw sugar held at 315 in New York with no sales. March No. 4 contract eased to .99 while other futures showed a season low. Refined prices unchanged. Foreign exchange quotes show varied rates for UK France Italy and others as markets idle. Wool markets in Boston show slight softness with French combing fine wools selling around 64 to 60 cents scoured, demand slow.
In New York Bond Review traders report a midweek rally with many issues rising from fractions to about 2 points. Gains clustered among Lehigh Valleys New Orleans Texas and Mexico 5s Illinois Central 348 Great Northern points Alleghany St Paul Baltimore and Ohio 4 7s Pennsylvanian 4s and Southern Railway 6s as investors bet on a favorable freight rate decision.
Wheat futures eased after earlier gains as traders priced in rain forecasts for the winter belt and a sharp Winnipeg rise. May futures drifted to around 9 57 ½ cents. corn and oats shifted modestly higher while export business remained slow. Liverpool and Australian activity provided mixed support as traders weighed drought, demand, and hedging pressures.
Winnipeg market reports show wheat quotes for May July and Oct with open high low close values. Chicago cash provisions list No 2 red No 6 soft No 4 hard and mixed corn soybeans rye and barley prices, with Minnesota and Minneapolis grain receipts noted.
Prices uneven with EGGE receipts unsettled and local firsts quoted. Potatoes show slow demand, varied U S No 1 prices across regions, new stock weak. New York eggs firm with mixed colors and varied price levels. creamery butter and cheese receipts steady with limited changes.
Chicago news announces a Saturday trading ban on poultry from Feb. 12 through Oct. 2, 1938. No receipts or unloading on Saturdays, with Friday quotations in effect until Monday each week.
New York AP report shows the market lifting fractions on Wednesday but profit selling reduced gains and shifted some into small losses. Volume rose with the expansion of Tuesday's rebound but fell as prices slipped from highs. Rails steels motors and building materials led the upturn while some leaders retreated. Movements cut across including Santa Fe Great Northern Continental Can U S Gypsum Johns Manville Inland Steel National Steel with other names easing from yesterday's levels. A steel price cut of $4 a ton surprised traders though it had limited market impact.
Wall Street stock quotations published by J B Bennett and Co with W H Jump manager show a wide list of United States and international firms including Adams Express Intl Paper Kennecott Allied Stores Lehigh Valley Libby Owens Mfg McKesson Rob ins Co Anaconda Copper Murray Coron Nat Gas Armour Co Natl Bellas Assd Dry Goods Atlantic Richfield Auburn Auto Aviation Corp Baldwin Locomotive Natl Power Equal etc. The page records prices, trades, and market leaders across sectors with a Chicago close section listing Am Pub, Dexter, Goodyear, Union Carbide, Ford, General Electric and other major names.
The Senate Agricultural Committee reported a resolution urging the Treasury Department the Federal Reserve Board and other agencies to coordinate efforts toward attaining the 1926 price level for commodities.
Washington bill favors prohibition of block booking of motion picture films after approval by the Senate Interstate Commerce Committee.
Former President Herbert Hoover sails for Belgium to be honored by the University Foundation and former associates for the relief work he directed during World War I.
Students from Marion and surrounding areas earned top honors in the school declamatory contest. Charlies A Birmingham won first in oratory with Enough of This. Kent Finger took second See You in the Next War. Helen Biddick led the dramatic division with Ma dame Butterfly, Virginia Jackson claimed second The Curse of the Jeweled Cross, and Dorothy Ford won first in humorous with Brothers-in-Battle.
The senate interstate commerce committee will hold public hearings beginning Feb. 23 on the Pettingill bill to repeal the long and short haul clause of the railroad law. Chairman Wheeler announced the House has already passed the bill.
London dispatch reports the Soviet Union rejected an Italian call to grant belligerent rights to Spanish royalists and insur gents once 50 percent of foreign volunteers withdraw from each side. Ambassador Maisky argued withdrawals must reach 75 percent.
Public notices urge advertisers to submit references to The Gazette before publication. The jumble lists services and ads for jewelry, loans, drugs, travel, storage, towing, upholstery, renovations, and various local businesses with contact details and prices.
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