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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 26, 1940
Page
12
Chicago reports Tuesday receipts of 18 000 hogs 8 000 cattle and 6 000 sheep. Hogs held steady Monday in a moderately active market while fed steers and yearlings fell up to 25 cents and fat lambs were barely steady.
Wheat closed 2 to 2.5 cents lower as light but persistent selling against loan wheat pressured futures. May wheat ranged around $1.02 to $1.023 a bushel, with corn down 3 to 14 cents and soybeans off 1.2 to 2.5 percent amid broad market weakness. Winnipeg and Kansas City markets mirrored Chicago, while Kansas City and Minneapolis noted lean wheat liquidation to dodge property tax on stored supplies. Cash sales totaled 4,500 bushels with 3,000 to arrive and 142 car receipts noted.
US agriculture report shows hog receipts 17 000 to 25 000 with steady to weak price shifts. Cattle receipts about 14 000 with fed steers and yearlings down. best long yearlings around 12 dollars and cows scarce. Sheep receipts 13 000 with fat lambs and good western lots near 9 9 10 dollars, market opening slow.
By Associated Press. Iowa markets in Mason City Waterloo and Ottumwa show hogs and cattle largely unchanged with various weight brackets and price ranges. Packers and sow categories cited with fluctuating bids. cattle remain steady across regions.
U S Department of Agriculture reports combined hog receipts at 16 concentration yards and 10 packing plants in interior Iowa and southern Minnesota for 48 hours ending 8 a m Monday at 42 200 head, down from 50 300 a week prior and 43 200 a year ago. Prices vary by weight with ranges from 3 50 to 5 15 for lighter hogs up to 4 25 to 4 60 for the heaviest.
Prices for barrows and gilts at Austin Minnesota range from 3.45 to 5.00 per 100 pounds across weight classes. Notable bids include 140-150 Ibs at 3.70 to 4.00, and 200-220 Ibs around 4.70 to 5.00, with heavier sows listed between 3.35 and 4.50.
Sioux City cattle receipts 3 500 calves 100 bids weak to steady. fat cows steady to easy. feeders active with good steers $8 000 9 25 per cwt and top beef $10 25. hogs 7 200 mostly steady to higher with top $5 15 for 180 200 lb. sows $3 75 4 90. lambs 2 000 undertone weak with fat lambs around 9 50 9 65 and ewes above 4 75.
Hog receipts total 8 700 with 250 lb hogs steady to 5 cents higher and top at 5 15. cattle receipts 6 600 with fed steers and yearlings steady to weak and stocker cattle steady. sheep receipts 7 200 with fat lamb bids weak to 25 cents lower while feeding lambs rise up to 25 cents.
Receipts total 12,509 with cattle and hogs trading unevenly. Cattle under pressure as common to medium stock steers and yearlings move lower, good fed steers steady near 8.50 per hundredweight, beef cows 5.25 to 6.00, calves 8.50 to 19.00. Hogs at 180 to 240 pounds steady to Friday levels, good and choice at 64.75 to 65.10, most sows around 3.90.
Lamson Brothers and Company furnishes Chicago grain quotations. Phone 2 3141. H R Mowrey, manager Cedar Rapids office, 503 Merchants National Bank building.
The report notes 17 decks with locally fed and native lambs. Prices at week’s close ranged from 9.50 to 9.75 for good and choice lambs, while Good and Choice owes 5.00 to 5.40. No action noted.
A small shift in prices Monday left top hog grades up five cents while other grades and cattle prices remained steady. The market overall held steady as demand and supply balanced in the region.
Market listings from Cedar Rapids show No. 1 wheat at 89 cents, oats at 35 cents, corn yellow at 48 cents, barley 25 to 45 cents, soybeans 95 cents, and hay straw prices. Dairy butterfat 29 cents, cream 28 cents, and onions, lemons, oranges, and other produce priced per carton or unit.
Stocks list issued by J. E. Bennett & Co with W. H. Jump as manager. Telephone 9151. Located at 403 4 Merchants National Bank building.
AP dispatch from Chicago details mixed market activity with butter receipts at 749,258 and eggs at 12,427. Poultry offerings include live hens, broilers, and various breeds with prices ranging from 9 1/2c to 19c per pound. Potatoes show light demand with mixed regional prices and several grade categories, while carrots and other produce exhibit variable demand and steadier to weaker trends.
New York AP report shows egg receipts at 30, 430 steady with mixed colors and various grades. Butter receipts reach 394,504 with firmness. cheese receipts total 135,601 with whole milk flat and held stocks, prices ranging around 17 to 22 cents for fresh and held 19 to 21 cents for state flats.
New York shares moved slowly on Monday as traders tried to escape a stalled market. Volume stayed under 500000 shares with declines widening late in the session. Stocks showing weakness included Bethlehem Western Union Westinghouse Union Carbide Eastman U S Gypsum Southern Railway and Phillips Petroleum. Gains resisted by International Paper preferred Loft General Electric United Aircraft Sears Roebuck Chrysler and U S Steel.
Wisconsin cheese quotas list prices for the week Feb 26 to Mar 2. Daisies 15c, brick 13 5 8c, horns 14 3 4c, cheddars 14 4 4c. Farmers call board notes Daisies 15c, horns 15c, cheddars 14 1 9c.
U S Department of Agriculture report notes manufacturers and top makers showing little interest as new Arizona wools arrive in Boston offering about 88 cents scoured delivered to mills with no takers yet. Arizona dealers report secured basis prices around 82 to 85 cents landed in Boston.
Market roundup shows the Dow Jones averages with mixed moves as bonds edge lower. Traders note price changes across several rail issues and government securities amid cautious trading and light volume.
Wheat receipts 303 cars on Monday, up from 110 a year ago, with Minneapolis May wheat trading 5 under to 5 over and quotes lower. No. 1 heavy dark northern around $1.03 to $1.04, No. 1 dark northern $1.02 to $1.03, Montana hard 14 percent protein about $1.04, and various durum and amber prices. Corn No. 3 yellow around 52 1/2 to 52 3/4 cents with 2 over to 1 over May, oats No. 3 white about 39 1/2 to 40 cents. Chicago cash provisions list mixed wheat and corn prices, plus soybeans at $1.10 1/2 and field seed values for several grasses and alfalfa.
A light selling wave left rail and industrial bonds modestly lower in New York trading Monday with most losses of fractions to over a point. Some gains appeared in select issues while U S government bonds closed mixed with several issues lower and January earnings for major railroads showing higher year over year.
Robert Minor 18 of 1006 Seventh Street SE pled guilty before Judge C J Haas to breaking and entering the Harper McIntire company warehouse. He received a 10 year indeterminate term at Anamosa reformatory with $50 fine and costs and three months in jail or another term, to be served if behavior lapses. The reformatory sentence is suspended on good behavior. Police arrested him after Oct 1 and Feb 15 incidents involving firearms. the fine remained unpaid.
Judge H C Ring boosted Ernest Engdahl's temporary injunction bond from 1000 to 3000 in the contract action against Perfection Building Co over the Lincoln hotel property. The court set February 29 at 10 am for more filings. Engdahl seeks a specific performance decree. Perfection seeks immediate possession.
Emery Henderson 18 of Central City pled guilty before Judge C. J. Haas to larceny from a building. He received a six month county jail term with release on good behavior after 30 days. He admitted taking a $35 wrist watch from Leslie Enke on November 27. Henderson was arrested by police. County Attorney G. K. Thompson filed a true information.
Nora Howard aged 45 of 229 Seventh Street SE was sentenced to six months in county jail after pleading guilty to larceny of clothing rings and a wrist watch from the home of Mrs F R Schorr at 1118 Third Street SW. Judge C J Haas imposed the term following the Monday plea.
Officials said a woman may not serve more than 30 days in the county jail and time will be served at Rockwell City reformatory. Police arrested a man on a statutory charge after a report involving two Cedar Rapids girls ages 4 and 6. Tom F. Woods, 57, of Cedar Rapids, pled not guilty and did not post a $2,000 bond before Judge C. J. Haas. True information was filed by County Attorney G. K. Thompson. Concrete Materials and Construction filed a $6428.12 claim in the Stark Construction receivership. State tax commission received $550.70 inheritance tax payment for Jesse C. Moats estate as filed with Court Clerk Ed Lundquist.
Five time national archery champion Russ Hoogerhyde visited McKinley and Franklin schools giving assemblies. He shot an arrow from a balcony to a balloon on stage and performed trick shots while tracing archery’s history from Genesis to Robin Hood. Otto Novak assisted at McKinley and Robert Magnuson helped at Franklin with introductions.
William Soukup 36 of 1028 avenue NW died at 4 20 p m Sunday in a local hospital after drinking an astringent and overdosing on narcotics deputy coroner Dr John J Terrall said death was death by own action Soukup had drank heavily and threatened suicide several times last week He was under a physician’s care Survivors include wife Esther daughter Lucille a Cedar Rapids step daughter Mrs John Campbell parents Mr and Mrs Frank Soukup two brothers Tony and Jerry two sisters Mrs J O DeGroat and Mrs Adolph Macek Funeral services arranged by Janeba funeral home
Cedar Rapids fire department reports no loss of insurance in January with total losses to buildings and contents totaling 4 525 91 dollars. Building values stand at 173 875 contents 102 900 while insured values are 114 000 for buildings and 70 150 for contents. Insurance paid on buildings 3 447 53 and on contents 1 038 38 with losses on buildings and contents without insurance 28 and 12 respectively.
Sally Rand, the fan-dance performer, left a Los Angeles theater to discover her 12 cylinder limousine missing. Police expect the car to be found stripped to practically nothing as well.
The Cedar Rapids Gazette outlines special low rates for Work Wanted ads and how ads may be placed by telephone mail or in person. Ads accepted until noon for same day publication and 8 p.m. Saturday for Sunday edition, with one free correction per multi-day run.
Local educators attend the American Association of School Administrators convention in St. Louis. Arthur Deamer W L Paxson Fred J Kluss Harold Templeman and Miss Marjorie Walters represent Iowa schools. From the event comes the Town Meeting of the Air radio program Thursday at 8 30 p m discussing whether controversial subjects should be taught in high school.
A compilation of announcements and small ads including thanks from Mrs. Lloyd Snyder and family for support after bereavement, lost items notices for glasses in a back case and a fountain pen, a purse lost by a schoolgirl, and various service and sales notices from local businesses such as Teahen Funeral Home Podzimek Pharmacy and Kenwood Transfer. Also includes ads for jewelry repair, printing services, and feather mattresses with contact numbers.
Local beauty shops advertise oil and mercantile perms with specials and equipment upgrades. Names include Ely Lady Beauty Shop, A Ave Beauty Salon, Lillian Lady Beauty Shop, Polly Collogan at Killian’s, Rita’s, and Paris Academy of Beauty. Services feature machine less permanent waves, finger waves, and Easter rush prep. Dial listings and addresses shown for appointment calls.
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