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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 09, 1934
Page
4
Prices eased from Friday levels as hog markets faced very large receipts on Monday. Chicago’s total receipts reached 49 000 hogs with 22 000 direct for market. top price for choice barrows and gilts near 365 per hundredweight, while sheep and cattle trade showed mixed gains and steady demand at regional plants.
Trading on the Chicago board of trade remained quiet with grain prices holding within narrow limits. Wheat futures were flat to fractionally lower, corn and oats showing minor moves while cash prices stayed near Saturday levels amid limited support and modest activity.
Wall Street on Monday showed modest gains in some blue chips while trading remained unsettled. Chrysler and US Steel posted small losses as General Motors and New York Central hovered near even after a volatile session. US Industrial Alcohol and American Commercial Alcohol rose, with American Telephone and Myer s Reynolds and Dome Mines advancing about a point.
The readable text references an economic adviser and state figures amid a corn harvest period and policy discussions. Names and places are partially legible, with mentions of Washington and Iowa figures, indicating a policy or advisory context around farming and agro economics.
In Cedar Pannenica and nearby cities a new bond service will be created to manage municipal accounts. The action aims to reach financial stability by reorganizing local bond handling and ensuring steady revenue streams. Local officials plan to appoint a bond manager to oversee operations and accounts.
Market notes show gold price around 34.06 with fluctuations and mentions of traders including Steve and Mare in a turbulent session. Investors seek clarity as values shift and buy or sell activity spikes amid uncertain conditions.
Prime hogs hold steady on the local market while packing grades decline. The 170 to 200 pound lighter prime grade leads with top price at 2.90 dollars. Calf market shows mixed values and sheep market notes appear with small price mentions.
CEF Rowe and Father Morrison of Cedar Rapids join Joe T Hogan and Elizabeth R Weeks, both Cedar Rapids residents, in obtaining marriage licenses. Harry Fetter and Hazel Kessler, likewise from Cedar Rapids, are issued licenses.
Washington reports an agreement allowing 1,000,000 worth of American pork products beyond the regular quota to Britain and doubling Britain's liquor quota for the United States from 607,000 to 1,214,000 gallons.
France raises American industrial import quotas by 200 to 500 percent effective Jan 1, broadening access for hundreds of products including automobiles, phonographs, and machine tools. The move aims to pressure other nations for reciprocal concessions and marks the United States as first to benefit from increased quotas.
A milk price strike paralyzed Chicago area dairies as independents refused cuts, triggering pickets across Illinois Wisconsin and Indiana. Trucks were halted and some drivers assaulted while police used tear gas to disperse crowds. hundreds of drivers were out of work and deliveries halted amid negotiations.
A district court case concerns Keech and S J Koch amid allegations that Mrs Frese Koch’s savings were accessed without authority using forged withdrawal receipts. The bank seeks a new trial after a January grand jury indictment for uttering a forged instrument. Koch declined to testify in the related criminal proceeding.
Alexander A Trovanovsky the first Soviet ambassador to the United States formally presented his credentials to President Roosevelt at the White House. He expressed that cooperation and friendship between the United States and the Soviet Union must inevitably be of great historical significance with direct far reaching impact on world peace.
Princess Barbara Hutton Mouvement and Prince Alexis travel preparations unfold as he flees California subpoena service tailing him through Salt Lake City and Seattle. He plans to meet in the Orient aboard Tatsuta Maru while HUD reports focus on legal actions linked to his brothers and oil interests.
In Bassfield Mississippi two children were killed and more than twenty injured when a Central passenger train crashed into a school bus at a crossing near Gondhope. Among the seriously hurt were 11 year old Bailey Roberts and 12 year old Tessie Roberts, taken to a Columbia hospital. all aboard were en route to Brassfield Consolidated School.
Merchants National Bank and Peoples Savings Bank discontinue interest on savings under 40 cents for balances not exceeding 40. In effect from January 1 no interest below 50 cents is paid, with 2 percent on deposits above 40. Last year both banks stopped Christmas Savings Club deposits.
New York AP reports Grover A Whalen former police commissioner has resigned as city administrator of the NRA and as general manager of the John Wanamaker store to lead the board of directors of the Schenley Affiliated corporation a group of distilleries wineries and related organizations.
Marion notices report a crowded week with weddings and anniversaries, civic gatherings, and club meetings. Patmos Commandery and Marion lodge hold installations with a dance to follow at the Masonic temple._outdoor events include a funeral in Martelle and church life week activities across several groups.
The Supreme Court upheld the corrupt practices act and ordered Bishop James Cannon and his secretary Miss Adam Burroughs to stand trial on two conspiracy counts related to failure to report campaign contributions. The case centers on $63,500 given to E C Jameson and Cannon's anti Smith activities in the Hoover drive.
Chicago authorities verified the slain bandit Jack Klutas as the man who killed Sheriff Thomas Sweet and Town Marshal Aaron Bailey during a June 1930 gun battle in Washington Iowa. Eye witness William Bailey identified the body after examining Klutas right hand for a scar. Accompanied by six Iowans including R W Nebveregall and H M Putnam, Bailey led the identification at the Chicago morgue.
In Chicago two alleged gang members tied to the Kiutas gang faced trial on charges of twice kidnapping James Hackett the gambler. Four men were indicted for stealing 76500 from Hackett in 1932 Julius Jones of St Charles pleaded guilty naming Klutas Swolley and Souder. Swolley and Souder faced trial under Illinois kidnapping law with death penalty on conviction.
A four apartment residence owned by Cliff C Hawkins at 1231 Second Avenue SE suffered more than 1000 dollars in damage from a Sunday evening blaze. Firemen arrived at 5 03 pm and fought the stubborn fire for over two and a half hours, tracing the flames from basement partitions to the attic and out through the roof.
Mrs Mary Smrcek a longtime Ely resident was honored at a surprise dinner for her eightieth birthday. A large group of friends and relatives attended including neighbors from Ely and Cedar Rapids. Born in Czechoslovakia she lived in Ely about 45 years and celebrated with family members and well wishers.
Organized under the laws of Iowa the bank in Cedar Rapids Linn County presents a balance sheet as of December 30 3933 with total resources and deposits detailed. Officials J M Dinwiddie R S Sinclair Robert Palmer F F Bates H H Strother C A Fredrickson certify the figures as true and correct sworn January 8 1934 before Notary Lucile Leatherbear with directors Knox Pickford Laird and others.
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