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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 26, 1937
Page
14
Official Wednesday receipts show cattle 11 000 hogs 21 000 sheep 12 000 as prices slip across divisions. Flood and strike impact keeps meat demand bearish while hogs fall 5 to 10 cents and top price drops to 10 30 per cwt. lambs bid around 10 75 with best over 10 75. Wholesale beef carcass prices little changed. pork loins off up to 15 cents.
Chicago hogs receipts 28 000 quality mixed with direct 8 500 down 54.10 cents from Monday top 10.30 bulk 180 300 lb 10.15 9.25 few good sows 9.25 9.65. Cattle receipts 19 000 calves 2 000 steers and yearlings weak to 25 cents, killing quality medium to good, top prices 12.00 13.65 with some 14.50 held for buyers. Vealers 11.50 12.00. Sheep receipts 13 000 small direct, fat lambs opening slow weak to lower with bids around 10.60 to 10.75, yearlings scarce, ewes 5.00 6.00.
Sioux City cattle receipts total 2590 with 200 calves. Slaughter steers and yearlings slow. cows strong. stockers scarce. Top 1200 lb steers around 12.75. feeders to 8.00. hogs receipts 4500 with 189-200 lb lights 9.25 9.50. sows 9.50. sheep 3000 with fat lamb bids weak early. top lambs 10.65, bulk 10.50-10.65.
AP dispatch from St Paul South St Paul notes cattle receipts 2300 with various classes priced. hogs at 8000 receipts show weights 170 plus with top near 10.00 and lighter weights selling around 9.75 to 9.90. sheep receipts 3500 with mixed runs.
Livestock receipts 2 500 cattle 4 500 hogs and 3 000 sheep show uneven demand. Slaughter cattle and yearlings slow with stockers scarce, wages for beef cows 4 5 to 6 0. Hogs steady lower early bids with weights above 200 pounds at 9 75. Lambs weak to steady with Monday bids around 10 25 to 10 65 and bulk 9 60 to 10 25.
U S Department of Agriculture notes hog receipts at 7 000 with prices ranging from 7 pick to 10 10 for top hogs and sow quotes from 9 40 to 9 50. Cattle receipts 5 000 with calves at 8 50 to 13 85 and cows 5 75 to 7 00. Sheep receipts 6 000 with lambs 10 25 to 10 35 and lamb price top not shown.
U S Department of Agriculture reports combined hog receipts at 22 yards and 9 plants in interior Iowa and southern Minnesota for 24 hours ending 8 a m Tuesday total 15 600 cows? hogs. Prices mostly 5 to 10 cents lower than Monday with trade undertone slow and loading slow Spot sows and light hogs steady.
Hogs prices in Waterloo Mason City and Ottumwa are down about five cents with varying ranges by weight. The report lists Good to choice 140-150 Ibs in Waterloo 7.00 to 7.30 dollars and similar brackets for other weights and regions.
Hogs show a steady to 10 cent lower trend in Austin Minnesota with good to choice 180 200 lb hogs trading around 93 to 99 dollars, 200 290 lb hogs at 9 50 to 9 80 per hundredweight, 290 325 lb hogs at 9 40 to 9 70, 325 350 lb hogs about 9 30 to 9 60, and packing sow prices for 275 to 550 lb hogs between 8 80 and 9 50.
The local hog market continues downward with all grades dropping 10 cents Tuesday. The top price falls to 9.75 dollars while other local markets remain unchanged.
The document lists price ranges for good hogs and good packers at various weight classes. Prices rise with weight from 140 pounds to 550 pounds, with figures given as two numbers per column indicating different days or conditions.
Calf market good for choice 140 to 190 pounds. Sheep market notes lambs 70 to 80 pounds priced to weight and quality. Cattle market shows choice steers 1,100 pounds and up 11.00 to 12.00, 1,000 to 1,100 pounds 11.50 to 12.50, medium to good steers 1,100 pounds up 7.50 to 8.00, 1,000 to 1,100 pounds 8.50 to 9.50. Yearling steers 900 to 1,000 pounds 11.00 to 12.00, medium to good steers 9.00 to 11.00. Yearling heifers 50 to 10.50, medium to choice 8.00 to 9.00, common heifers 5.50 down. Medium to good cows 4.25 to 5.00, choice dry lot cows 5.00 to 6.00, canners and cutters 4.25 down, bulls 5.25 down.
A Cedar Rapids market listing shows prices for grains and animal products. Wheat, oats, rye, barley, corn, soybeans and yellow corn values are given, plus hay straw prices. Poultry prices cover hens, springs and stags by weight, eggs and wholesale fruits vegetables. Hide market details list various cured hides and horses with prices.
Raw sugar stays flat at 3.75 for spots and 3.80 for forward. Futures rise with May No. 4 at 1.1342 and September at 1.16, up 4 to 442 points. No. 3 May at 2.86 and September at 2.84, up 1 to 2 points. Refined sugar unchanged at 5.00 for fine granulated.
Wheat prices opened higher in Chicago on Tuesday with strong buying by commission houses mainly for May delivery, but lack of follow-up buying and a heavier Liverpool tone led to gains erasing by day’s end. Corn and oats showed minor gains while Liverpool and Winnipeg moves echoed the wavering demand.
Quotations supplied by ae Brothers and Co and R Mowrey manager with Cedar Rapids office at 503 Merchants National Bank building.
Chicago cash market report shows no sales for wheat and rye. Corn prices range No. 3 yellow around 1.12 dollars per bushel, No. 4 yellow near 1.08 to 1.13, No. 5 yellow about 1.06. White varieties quoted at 1.15 to 1.13 with outside weight. Oats No. 1 white about 0.55 to 0.56, No. 2 white around 0.54 to 0.54. Barley feed and machine grain listed, Timothy seed and clover seed prices provided, lard priced by tierces and loose weights.
Wheat receipts 35 cars with gains up to 4 cents. No 1 heavy dark northern spring 60 lb bids at 1.484 and 1.57 a premium. No 1 dark northern spring 59 lb 1.475 1.56. 58 lb 1.464 1.55. Montana hard and amber durum values shown. red and winter types listed. Corn No 3 yellow 1.161 1.18 with 4 cent rise. Oats No 3 white 0.502 0.521 2 cents higher.
Markets for live poultry and dairy products show firmer tones in Chicago. Poultry prices advance for hens over 5 pounds and various breeds, with turkeys ducks geese and capons listed. butter eggs and potatoes also show varied receipts and steady or firm quotes amid weather and supply conditions.
New York AP reports butter receipts 14 120 at firmer creamery higher than extra 34 33 34c. cheese receipts 328 879 steady. eggs receipts 23 657 steady with mixed colors. live poultry prices steady to firm by freight with rocks 18 19c, colored fowls 19 21c, Leghorn 14 16c, turkeys 15 23c.
Butter futures closed with Jan 32%c, Feb 32%c, March 32c and Nov 30%c. Ice and refrigerator standards noted with Jan 1844c, Oct 25sc, and fresh graded firsts at Jan 23c and Feb 23c. Idaho Russet potatoes quoted at 3.82 for Jan No 1 and March grade values referenced.
U S government and corporate bonds slipped moderately on Tuesday with Treasuries under pressure as banking circles expect higher reserve requirements. Treasury issues rose losses mid day around 1 32 to 832s while carriers and industrials faced lower prices amid flood damages and disrupted shipments.
U.S. Treasury securities finished trading with varied results. Listed prices include Treasury 4 1/2s 47-52 at 120.7, Treasury 4s 44-54 at 114.9, Treasury 3 3/9s 40-43 June at 107.7, Treasury 3s 43-47 at 109.12, Treasury 3s 46-49 at 108.3, and Treasury 3s 51-55 at 106.12.
New York AP reports a cautious, uneven trading session as flood damage saps investor sentiment. Early losses deepened with a sharp sell-off before partial recovery. about 2.4 million shares changed hands. Notable movers included General Motors Chrysler U S Steel and International Harvester among others.
Philadelphia Mint, under director Nellie Tayloe Ross, announced that its 32,350,000 coins for Costa Rica, Nicaragua, San Salvador, Cuba and Venezuela pushed domestic output past Denver and San Francisco for the year, nearly four to one. The total was the highest ever in a single year except 1919.
Marion F. Robb was chosen president of the Marion Service club at a Memorial hall dinner meeting. Other officers include Hugh Gordon as vice president and A. R. McElwain as secretary, with W. C. Sheets Marvin Edison Irvin Ford M. H. Biddick and Harold Phillips as directors.
A 9:30 p.m. Saturday call from Lumir Schultz in Louisville assured Mr. and Mrs. Peter Schultz their wife and two boys were safe in the highlands near the city. They had been forced from their new home three miles from the river, moved December 1, as water entered the front door during the flood.
Mrs Harley Erwin of rural route 4 received a Monday at 9 p m message confirming the safety of her brother Bert Winsor and his wife and father in law at Jeffersonville Ind They are quartered in Seymour Winsor a former Marion resident works at the Jeffersonville arsenal Mrs Walter Van Fossen and her 3 year old son Jimmie ill with flu are improving
Vatican bulletin reports Pope Pius XII showing a continued decline in general condition despite relief from opiates. He had a fair night and, with sedatives, rested better, scheduled to return to his chair for more audiences on Tuesday.
King George VI sent a message to the house of commons asking for regency legislation in case of illness or absence. Prime Minister Stanley Baldwin presented the message to the speaker in London.
A Montreal St Francois d Assize orphanage was gutted by a Tuesday fire driven by strong wind. Four injured, including two children and two firemen overcome by smoke, were taken to hospital. loss is estimated.
Word has been received of Carl Miller's death Saturday at his Long Beach home after a lingering illness. Born November 18, 1878 in Alburnett, he was the eldest son of Samuel and Delia Huffman Miller and married Mary Zeller of Alburnett October 3, 1899. They lived in the area before moving to Long Beach twenty five years ago and he is survived by his widow, a daughter Catharine Miller Foust in Long Beach, a sister Maude Mitchell of Rowley, and four brothers Neal Miller near Marion, James M. of Buffalo New York, Claude of Munnsville New York, and Frank of Long Beach.
A Sunday family reunion at the home of Mr and Mrs Jerry Akers near Central City celebrated the 55th birthday of Mr Akers. Guests included Henry Akers and family from near Alburnett, Ralph Akers and family from near Marion, Miss Marie Benton of Prairieburg, LeRoy Akers and Richard, James Akers and family from Marion, and Alvin Amstock group with multiple children from Central City.
Mrs Earl Helbig entertained twelve girls Monday for Donna Helbig ninth birthday. Flea played at three tables with prizes to Louise Smith Helen Lagerquist and Mary Fredericks. Refreshments and birthday cakes served. Guests included Barbara Seger Lavonne Legvold Loyce Schenken Kathryn Kassler Muriel Reichert Emma Jean Nollsch Donna McCalley Margaret Beadle and Donna Helbig. Mrs Speake and Norma Helbig assisted.
Marion branch chairman A. R. McElwain notes satisfactory early response to the flood relief appeal. about $207.30 collected by Tuesday 10 30 am. Subscription papers will be in city business houses. Several club and church events are listed including dinners meetings and programs.
Russell W. Harper 59, president of Harper and McIntire wholesale hardware, Cedar Rapids and Ottumwa, died suddenly at his Ottumwa home Tuesday afternoon. Survived by wife and son Russell Harper Jr. The death follows the brother C. S. Harper’s passing last November.
Herman Hessenius of Marshalltown was arrested in Cedar Rapids on a charged count of cheating by false pretenses. He allegedly obtained $300 from Blanche Houser of Cedar Rapids by promising to take her son into a creamery business, a venture the information says Hessenius had no involvement in. The incident allegedly occurred December 23 and Hessenius remains jailed with a hearing set in Justice H R Churchill's court.
Walter A. Corum of Marion and Lillian C. Hala of Cedar Rapids wed in a Justice W R Churchill office ceremony. Hubert Stephens and Mildred Spicer, both Cedar Rapids residents, married by Justice A S Reed in his office. Charles W Fisher and Norma E McRae of St Paul Minnesota tied the knot with Justice Reed officiating Saturday.
Born to Mr. and Mrs. Russell Light of Denver Colorado on January 21 a 7 pound daughter. Mrs Light was formerly Miss Frances Dahl of Cedar Rapids.
Walter J. Engelhorn, 22, of Church, Iowa, identified by officers, threw himself in front of the North Western 400 train in Rochester late Monday and was killed.
Carl Behrends aged 13 of Monticello died at University of Iowa hospital in Iowa City on Monday after illness.
U S Department of Agriculture notes scarce sales in Boston on Tuesday for domestic wools. Territory wools sold in small lots at 1.03 to 1.07 for French combing half blood and 0.74 to 1.02 for combing three eighths blood. Midwest mills paid 0.57 in grease for Kentucky three eighths and quarter-blood wools, aligning with 0.52 to 0.54 grease for Ohio fleeces.
The New York AP report lists cross rates with many currencies including Britain at 490 13-16, France 4.66 13-16, Italy 5.26% and others such as Germany free 40.23 and Switzerland 22.8612. Noted entries include Mexico City 27.80 and New York in Montreal 100.06 in nominal terms.
AP dispatch from Minneapolis notes price ranges for flour and bran in carload lots. 98 pound sacks list 7.30 to 7.50 per barrel with patent grades at 7.15 to 7.35. Pure bran shipments quoted at 33.00 to 34.00 per sack.
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