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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 31, 1938
Page
4
Hog prices rose sharply after receipts fell due to cold weather. Chicago and regional auctions showed light to moderate gains with top weights over 210 pounds advancing 30 to 35 cents, lifting prices toward nine dollars. Cattle and sheep trades were mixed, with supplies thinner than last week and overall market slower.
Hogs receipts 6,500 with 1,500 direct sales. top bids 8.50 for 180-200 lb butchers. Cattle receipts 6,500 with feeders steady. beef cows around 5.00. Sheep receipts 9,000 with weak slaughter demand. lambs and feeders mixed. Iowa and Chicago markets report varied activity and higher prices for certain hog weights while others hold tilts.
Hog prices rose by 20 cents with top at 8.50 as good hogs at 150-160 lbs drew premiums. The cattle market softened, with calves and various steer and heifer ranges listed, while corn weakened and packers’ quotes extended into 500-550 lb ranges. Wilson & Co. Market ad lists bulk hog prices by weight class and condition.
The list details grains and produce quotes including Wheat 90c No 8 afc, Oats 27c, Rye No 2-She, Barley 48q2 60, Corn yellow 42-44c, Soybeans 84c No 2 yellow, and hay straw prices. Also notes butterfat 35c, various meats and wholesale fruits vegetables with prices for lemons oranges apples celery lettuce onions potatoes and hides.
Herman Bloem and Marcella Madison, both of Oelwein, obtained marriage licenses.
Wheat futures on the Chicago Board of Trade edged around prior close with May wheat at 93 cents and corn down modestly as traders awaited more winter crop data. Absence of moisture in the Southwest and weekend cold extended uncertainty while export demand cooled and farmers held back. World exports last week totaled 10.69 million bushels with Argentina reporting 83.9 million bushels left for export.
Market notes show Minneapolis receipts Monday totaling 66 cars with prices for cash wheat and corn varieties and oats. Chicago cash markets list No. 2 hard wheat at 1.00 to 1.02 per bushel, other wheat and corn prices, soybeans around 1.02, barley feed at about 48.46 to 48.46, and seed Timothy to $2.90 to 3.00 per unit with red clover at 32.00, swert at 10.00 to 10.50.
Live poultry steady with varied prices for hens broilers fryers and turkeys across Leghorn Plymouth White Rock and other lines. Dressed market steady with turkeys butter eggs and potatoes moving. prices for butter eggs and cheese given with regional quotes and futures notes.
European currencies rise versus the dollar as of Monday noon. Rates show Britain at 50.134, France 3.28, Italy 0.264 percent, Belgium 16.93, Germany 40.35, Holland 55.915, Sweden 25.85, Denmark 22.39, Switzerland 23.1944, Spain unquoted, Portugal 45.544, Greece 9.242, Poland 1.900, Czechoslovakia 3.5174, Yugoslavia 2.35, Austria 18.91, Hungary 19.90, Roumania 1, Argentina 33.42, Brazil 0.530, Tokio 29.10, Shanghai 29.75, Hongkong 31.35, Mexico City 27.80. Montreal rate noted near 9-16 and 0G O1 9-16 in New York.
A crawling recovery on Monday kept stock market leaders up only fractions, with the ticker barely moving. Transfers ran around 800000 shares as steel shares led gains on Navy orders, while several major names like U S Steel and General Motors posted advances and others lagged.
Monday quotations feature a broad range of blue chips and industrials. Major names include Allied Stores, Johns Manville, Lehigh Valley, American Smelting, General Electric, DuPont, Union Carbide, and Standard Oil peers, with diverse gains and losses amid market fluctuations.
New York bonds show mixed results as railroad liens push recovery, with large cap carriers gaining 1 to 2 points while others move within narrow ranges. U S government issues swing indecisively and Japanese bonds weaken. Treasury notes and a British drill system also noted.
District court opened a $16 585 personal injury suit by E N Beerkrem against C M Bowman and Cassville Brewing Co of Cassville Wis over a Dec 17 1936 crash near Mechanicsville. Bowman denies liability. Beerkrem alleges arm fracture and three surgeries. Also listed: W F Fowler seeks 179 63 in a mechanic’s lien case for Thornwood Dance Hall work. Handy Sack Ealer Co receiver hearing Feb 4 on sale of assets. several divorces granted on cruel and inhuman treatment. will of Frances Slagle probated naming Clara Louise Slagle as beneficiary. D W Bates receiver awarded 11133 36 against W H Stepanek and Josephine Stepanek.
Fire Captain Glenn Fox of 227 Eighth Street NE underwent a second operation at University Hospital in Iowa City Monday. The procedure completed the final phase to correct his intestinal disorder. he is reported resting well after the surgery.
Guaranty Trust Co. says financial rehabilitation of railroads is a necessary condition for business recovery. The survey calls for decisive public action, noting that only tax measures by government could mitigate dangers facing the railway system.
A series of birth notices from St. Luke's hospital report five newborns. Jan 29 a daughter to Mr. and Mrs. Merrell Smith of 1027 Favenue NW. Jan 30 a son to Mr. and Mrs. Donald Hendrickson of Toddville route 1. Jan 30 a son to Mr. and Mrs. M. P. Mc Shane of Springville. Jan 30 a son to Mr. and Mrs. Ocie Trimble of 1116 J avenue NW. Jan 31 a son to Mr. and Mrs. L. L. Holets of 711 Twelfth avenue SE.
Wool trading in Boston slowed with few buyers and some sellers ready to accept lower prices. Nominal quotations on good French combing lengths ranged 67 to 70 cents secured. territory wools in original bags saw offerings exceed demand at 67 to 68 cents. Cables to private firms noted Japan buying in Australia and New Zealand markets with little price movement.
Marion notices report the death of Mrs. H W Chehock from a heart attack in Iowa City on Saturday. Former Marion school superintendent, she lived here years with his family. Survived by three sons Lowell Tulsa Donald Osage and Robert with his mother. She was a Congregational church member Shakespeare club and Eastern Star.
The Marion public library lists many new titles across genres including Last Flight by Earhart, Turn ing Wheels by Clode, The Rains Came by Bromfield, Hush hush Murders by Yates and a long line of western mystery and romance novels by various authors. Also notes social items about local residents, garden club meeting, guest visits, and upcoming community announcements.
A cluttered notice page lists transport references for ads in The Gazette, local services from Cedar Rapids Transfer & Storage, drug offers, jewelry ads, a driver wanted for a traffic accident, and travel services. It also promotes local merchants and a discount drugstore, with various contact details and a warning about debts.
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