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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 10, 1938
Page
17
Beef and hog prices swing as fresh cuts in hog estimates hit the market. Trade shows demand for lighter weights with top quotes near 8.90 and mixed gains for certain classes while cattle and sheep struggle to find steady footing.
Omaha market reports show hog receipts around 3 000 with prices deltas including 220 lb hogs up 10 to 15 cents and 179-200 lb hogs around 8 15. cattle receipts near 3 000 with steer and yearling prices steady. hogs at Des Moines combine receipts 10 700 with varied weights and prices. Sioux City reports cattle receipts 2 500 with steady to firm tones and vealers strong.
Local hog prices show steady to higher by a few cents with 230 to 350 pound hogs up 5 cents. top hog price remains 845. Cattle market slips about a quarter, with meat prices mixed across weights. Calves and sheep markets list varied gains, while specific packer bids appear for different weight ranges.
Grain and produce prices listed for Cedar Rapids area items including wheat, corn, oats, beans, hay, butterfat, eggs, and poultry. Wholesale fruits and vegetables with sample prices for lemons, oranges, Grapefruit Texas, bananas, lettuce, sweet potatoes, onions, and apples. Livestock hide and skin values noted, including horses and calves with tails and manes.
Wheat futures edged down near the close after early firmness from short covering and buying tied to securities. May wheat closed around 95 3/4 cents, with corn and oats also fluctuating. Liverpool weakness and Russia selling pressure weighed on prices.
In Boston on Thursday a very modest amount of wool business occurred with fine wools trading slowly while coarser grades softened. French combine fine territory wools sold near 63 to 65 cents scoured, some sellers firm at 65 cents. Texas wools appeared in Boston at Gibb scoured, with country lots through order buyers 60 to 62 cents scoured basis delivered east. The New York currency market drifted slightly higher, and raw sugar futures were irregular with March ahead.
Broad rise in rail loans and mixed moves in industrial and utility issues mark Thursday trading. Gains around 1 to 4 points appear in Nickel Plate and related rail issues amid hopeful chatter on the pending freight rate increase.
CINCINNATI CHICAGO TO PUBLISH RECAPS OF POULTRY EGGS BUTTER AND POTATOES. RECORDS SHOW RECEPTS AND PRICES FOR HENS OVER 5 POUNDS AND FRYERS. EGGS PRICES STEADY WITH SLIGHT ADJUSTMENTS. POTATO MARKETS MIXED WITH US NO 1 PRICES AND SUPPLY NOTES. NEW YORK PRICES REPORT EGGS BUTTER AND CHEESE WITH STABLE TRENDS AND BASIS FOR FUTURES.
Washington Senator Walsh endorses Senator Bulkley’s 8.0 billion self liquidating highway proposal for a cross country system. The plan aims to ease traffic and aid defense while boosting jobs and reducing WPA tolls. Bulkley introduced the bill Wednesday. The article notes a separate casualty detail about the Titanic with only 690 saved from 2207 aboard.
New York AP reports a broad market advance with rails and copper issues sparking buying across most industrials. Profits trimmed gains late as some issues rose 2 to 4 points. transfers ran about 700,000 shares as financials show inflation sentiment and scanty offerings in declines. Favorite names included New York Central, Great Northern, Anaconda, Kenneth, Chrysler, General Motors, Bethlehem Steel, J I Case, International Harvester, J C Penney, Sears Roebuck, Montgomery Ward, Westinghouse, Du Pont, U S Rubber, Allis Chalmers, Eastman Kodak, Union Carbide, and Loews.
Wall Street stocks listed by J E Bennett Co show wide movement with main quotes from Adams Express and Alaska Juneau Nickel, Allied Stores, Coca Cola, Ford, General Electric, and United Aircraft among others. The report notes activity at Merchants National Bank building and prices across Amn Paper to Union Carbide with notable entries and market breadth.
Jeff Davis self styled king of the hoboes travels to Europe aboard the Queen Mary paying third class fare. A hobo delegation met him at Altoona pennsylvania on the way from Chicago to New York and presented a $300 purse to cover passage.
North Liberty residents vote 90 to 3 to grant a 25 year franchise to the Iowa Electric Light and Power Company of Cedar Rapids. The decisive margin marks one of the largest ratios for a franchise vote in eastern Iowa in years.
Five new members were elected to the Public Health Nursing association board at a Wednesday afternoon meeting at the Y.M.C. Mrs. D. M. Hall Mrs. W. E. Pesehay Mrs. Frank V. Orr Mrs. Eugene M. Pinney and LG Swaney join the board replacing John S. Ely who resigned and Mrs. Clare R. Marshall Mrs. Owen N. Elliott and S. R. Hawkins whose terms expired. Ely reported $4343.99 in Christmas Health Seals sales this year.
Protective committees representing Rock Island General Mortgage First and Refunding bonds joined to urge the Interstate Commerce Commission to postpone hearings on the Chicago Rock Island and Pacific Railway reorganization from Feb 28 to June 30. A separate committee for Rock Island Arkansas and Louisiana bonds did not join the accord.
Court filings show George B. Havercamp asking to set aside John W. Getz as receiver in the partnership dissolution action of Quality Pharmacy at 511 Third Avenue SE. Hearing set for March 7 before Judge H C Ring. Also noted are multiple bank case judgments and a divorce suit involving Carlotta Butterfield against Carl Butterfield.
Charles T Dazey, 82, the dramatist famed for the turf drama In Old Kentucky, died Wednesday night in a Quincy hospital AP reporting. The veteran writer earned national recognition for his stage work and contributions to American theater.
The Annex at 730 Tenth Street, linked to Score Board, debuts as a dine and dance parlor in the Snyder Electrical Co space. A 14 by 40 foot maple floor, music machine, four teen walnut booths, and window blinds greet patrons. Harold Ballard expands staff for the new venture.
Allied Van Lines operates 1 000 modern vans with Lynch Transfer as agents. Rest home care for elderly with attractive rooms and reasonable rates. Diamond mounts watches and jewelry with repair services. Upholstery by J N Martin. Knitwear by C R Knitting Co. Swedish massage by Gertrude Campbell. Towing by Yellow Cab Co. Soldering and brazing by Meson Dolph. Artistic machine quilting and aprons at 428 1st St SW. Evangelist Oscar Lowry on WMT 6 30 AM Friday. Childcare at home 2 4213 and 2 2988. Fender repairs at Kissick Co. Skating sharpener and meat butcher mention.
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