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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 17, 1938
Page
4
Chicago AP reports a sharp hog price upturn as supplies fell short of forecasts. With only about 26 000 hogs on hand, packers bid higher by 10 to 15 cents and heavy hogs up 15 to 25 cents, some gains reaching 35 cents, while producer reps controlled the trade.
Receipts at Stout City Sioux City and Omaha areas show cattle hogs and sheep trading with mixed demand. Calves and yearlings sold steady to weak while hogs and sows saw slow to strong action with butchers higher on lighter weights. Futures and packer demand varied across weight classes and regions.
CHICAGO AP records show hog receipts at 26 000 including 7 000 direct market active light hogs and underweights with prices 10415 cents higher than Friday. Cattle receipts 10 000 calves 1 500 with bulk and top weights and varied price ranges across classes.
Cattle and hog markets show mixed moves with steer bids down 25 cents and packers pushing for lower quotes while cows and heifers hold firmer. Sheep and lambs show firm tone with fat lambs and ewes trading near last week's levels and hogs up to week highs in several regional reports.
Local market notes show hog prices rising with all grades up a dime. The Wilson & Co hog market lists bulk hog prices by weight, with 149-190 lb hogs around 7.55 to 9.50, and various weight ranges for good to choice packers. cattle and sheep values are mixed and listed in late trading.
The Cedar Rapids miscellany lists grain and livestock prices including wheat, corn, oats, soybeans, hay, and fats, with specific figures for No. 1 and No. 2 grades and various weights. Foreign exchange rates show the French franc movement and a broad spectrum of international currencies, alongside raw sugar market status with no sales and dull futures trading.
Wheat futures showed a firmer tone on the Chicago board due to Liverpool and Winnipeg improvements and continued western dryness. Prices ended mixed with May at 97 1/2 cents, corn down, oats up, while selling by eastern-connected houses and slack export demand limited gains.
Winnipeg market notes show wheat prices for May at 1.25% with highs around 1.26 and lows near 1.25, along with May 1.25% and July figures. corn and oats quotes follow, plus rye and beans bids. Minneapolis and Chicago cash provisions list No. 2 mixed corn and No. 3 yellow soybeans, with seed prices for Timothy and red clover and feed totals.
Chicago and New York sources show live poultry and dressed meat prices steady with turkeys hens 24 cents a pound, toms 20 cents, ducks 21 22 cents, capons 26 27 cents, geese 19 cents, and butter and eggs trading mixed with receipts and futures figures. Prices for potatoes, Florida and Wisconsin stock, and various egg and cheese grades listed. futures data provided by Peter Fox Sons Co. in Chicago.
River stage readings for Davenport show Hastings at high water 210 with no change, 247 remains unchanged. rise measurements indicate a small uptick of 0.1 or 0.8 feet. Hydrological data reflects minor fluctuation in levels.
New York AP report notes modest declines in many leading issues as utilities and other stocks lag while aircraft shares show little offset. Transfers near 1,000,000 shares. U.S. Steel, Bethlehem, GM, Chrysler, Du Pont, Allied Chemical, and others fall about a point or so. Boeing and other names rise modestly in a mixed session.
A Daligned roundup of Monday stock quotations includes Alaska Juneau International Nickel Allied Chem Johns Manville Lehigh Valley AMAX Molybdenum and many others with prices. The page also notes closing Chicago stocks for Am Public Dexter and Swift & Co among others in a dense, entity rich market snapshot.
The Boston wool market was very quiet with mills reporting only limited purchases to cover urgent needs. Prices on western grown fine wools held steady from last week while Australian prices were largely unchanged and New Zealand sale prices were steady to slightly below.
County records note a twenty year extension for Linn County Farmers Mutual Creamery of Coggon to 1958 with J. P. Gunderson as president and L. A. Hinton as VP among others. Snyder Brothers Inc of Center Point renews to Sept 22, 1957, with M. M Snyder and D. C. Snyder as officers. North Military Road Cooperative Telephone Association files to serve Mount Vernon area with H. G Ellison as president, J. H Beechley as VP, W. Ray Frederick as secretary, R. O Kirkpatrick as treasurer, and George Wallick.
In Cedar Rapids before Judge H C Ring a district court jury hears L A Robinson testify in a $1 900 suit against W F Main. Robinson, from Galveston Texas, claims failure of exclusive Houston Texas vending rights and argues he tendered return of fifty machines, seeking contract rescission. Main contends the agent was limited to representations in the written contract and denies tender or rescission.
William Singer of Cedar Rapids testified before Judge C. J. Haas and a district court jury in a case against Springfield Fire and Marine Insurance Company of Springfield Mass. Singer first sought 500 dollars for a Manchester store fire loss and then amended to 800 dollars. The defense contends the loss was nominal and the proof of claim belated.
The condition of Judge F. O. Ellison of Anamosa, dean of the Eighteenth judicial district's judges, who has been ill at his home for the last week was reported as improved Monday. Judge Ellison is still confined to his home.
Detroit The Rev. Charles E. Coughlin, radio priest, proposed a permanent cure for the recession through voluntary production regulation by industry. He rejected government intervention, saying it would be dictatorship and fascism.
The Association of American Railroads and the American Short Line Railroad Association asked the national coal commission to set aside minimum price schedules to avoid a 21 million dollar annual increase in fixed charges from higher coal costs. They claim the current structure would hurt 98 percent of U S railroad mileage.
New York bond market shows continued demand for low yield issues with gains in treasury and government guaranteed groups. Erie and Baltimore and Ohio advance, while Goodyear Great Northern Loew’s Frisco and Western Union slide modestly. Japanese obligations weaken as 544s fall, Panama 55 and Polish 84 rise slightly.
Mrs. Emma Wright Kindler 81 lifelong Linn County resident died Sunday night in a Cedar Rapids hospital after months of illness. Born May 18, 1856 in Kenwood Park she married George A. Kindler in 1879 and moved to Marion. Funeral Wednesday at Yocom chapel with Rev. E. T. Gough in charge. Burial Oak Shade cemetery. Survived by daughter Mrs. John Straubinger and son George A. Kindler Jr. two grandchildren and two great grandchildren.
Milwaukee based railroad employee John M. Horan will observe his 100th birthday with a luncheon. Known as Soda Ash Johnnie for pioneering boiler water treatment, Horan began work with the Milwaukee and Mississippi Railroad on April 17, 1855, later with the Chicago Milwaukee St Paul and Pacific. He has spent eighty three years with the same company and remains a boiler wash inspector.
Representative Robert F Rich introduces a resolution calling for cutting all business relations between the United States and Japan. He argues that halting trade by Britain and the United States could influence the Sino-Japanese conflict.
Vernon House of Maquoketa hosted a Sunday dinner honoring Miss Marie Michel of Marion and Clarence James of Town City who are to marry Thursday. Guests included Mr. and Mrs. Elmer Michel, LeRoy Michel of Marion, Miss Muriel Gahan of Cedar Rapids and Leo Voss son of Mrs Albright.
A collage of small ads and notices lists bargains and services from Ginsberg's and May's Drug, along with watch repairs, transfers, stoves, travel help, steno services, and elder care offers. Entries include prices on ice skates, watch parts, travel help, and towing, plus a public safety reward note.
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