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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 09, 1940
Page
4
Iowa and South St Paul report hogs uneven, 25 to 35 cents lower after eight-session rally. top prices around 6.40 to 6.75 for various weights. Cattle and sheep mixed with steady to slightly lower trends. receipts listed for Chicago, Waterloo, Mason City, Sioux City markets. Industry notes show weaker bidding and varied packer bids across regions.
Omaha market report from AP via U S Agriculture notes salable hog receipts at 5,000 with total 5,300. Trade uneven and prices 25.0 to 26.0 cents, down about 2 to 3 cents, top value off by around 6.50 dollars per head on some lots.
Hog and cattle prices across Des Moines and Peoria include 180-200 lb hogs at 36.00 to 38.30, 270-300 lb hogs 5.70 to 6.05, sows 4.70 to 5.45, cattle receipts 600 calves and yearlings steady to higher, mixed weights showing gains for light steers and heifers, spring lambs steady to higher, wholesale quotes from Austin and Peoria livestock markets.
Hogs weakened with prime hogs down 20 cents and packers off 25 cents. Top good quality hogs at 6.25, with varied prices listed across weights. Cattle market mostly steady to higher with ranges for steers, yearlings, heifers, cows, and calves, plus lambs and bucks priced by quality and weight.
Grain and produce prices listed for Cedar Rapids area including cereals, hay, and wholesale fruits and vegetables. Poultry prices show hens, leghorns, and roosters with weights and unit prices. River travel times and rise/fall data for Mississippi River bridges and Davenport area connections included.
NEW YORK AP Stocks edged forward selectively in Tuesday's market without strong bullish spark. Steel and motor shares led early gains but could not sustain momentum. close gains faded. Transfers totaled about 280000 shares as U S Steel Bethlehem Chrysler General Motors United Aircraft Western Union Phelps Dodge Eastman Kodak Johns Manville Chesapeake and Ohio Great Northern held gains while Sears Roebuck Montgomery Ward American Telephone American Can du Pont and Santa Fe lagged.
Wall Street quotations show a wide array of stocks with prices and changes. Listed are Adams Express Alaska Juneau Allied Chem Allied Stores Allis Chalmers Johns Manville Kennecott Gore Libbey Owens Manning News various rail roads and industrials with notable entries including General Electric General Foods Procter Gamble Coca Cola IBM and Ford among others, reflecting a dense market snapshot from a Tuesday session with brokers and banks like Merchants National Bank building noted.
Italian warplanes bombed British positions near Wajir Kenya and raided Kurmuk in Anglo Egyptian Sudan. Italian forces captured some British troops near Turcana in the same colony.
Wheat futures opened firm then eased on the Chicago board of trade while other grains held steady to firmer. July wheat slipped to 74 3/4 cents, corn dipped to 61 1/4 cents, oats eased, rye fell, and soybeans edged higher. Minneapolis and Kansas City echoed Chicago, Winnipeg unchanged. trading was light with 18 000 bushels shipped by noon and 14 000 arriving. Receipts near 63 cars.
Market snapshot shows API cash wheat prices for No 1 red No 2 and No 3 garlicky with cents, corn values for yellow and white varieties, oats mixed and white grades, soybeans yellow tierces and loose prices, with trade terms and packaging notes. Prices quoted in cents per bushel or per hundredweight and reflect commodity market activity.
Chicago market reports show live poultry prices for hens and broilers varied with small gains in some categories and steady to firm overall. Butter and eggs receipts rose with mixed color grade prices and storage standings. California and Idaho potatoes show uneven demand and higher notes for some varieties amid steady to rising prices in a few districts. New York pricing highlights eggs and butter with firming trends and storage standards, while overall dairy and egg markets reflect current supply and grading shifts.
Wisconsin cheese prices for July 8 to 13 are listed by the Wisconsin cheese exchange. Quotations include twins 13 3/4 cents, daisies 14 cents, brick 12 1/2 cents, horns 4 cents, cheddars 13 3/4 cents. Farmer's call hoard daisies 14 cents, common dores 14 3/4 cents, cheddars 13 3/4 cents.
U S government bonds closed mixed as Treasury 3 3/4 and 4 1/8 cuts moved while federal farm notes and rail loans showed uneven gains. Traders eyed a large upcoming U S treasury offering estimated between 3.5 and 3.7 billion dollars at a 2 percent coupon as market activity remained slim amid careful positioning.
Des Moines report shows Iowa federal tax collections for the year ending June 30, 1940 totaling $25,057,988, a rise of $1,655,394 from the prior year. Major gains came from corporation taxes and social security payments, with solid increases in individual income, estate and other taxes as well.
Deputy Industrial Commissioner Ralph A. Woodcock presided at Linn county hearings drafting disability claims. Frank Janu seeks 15 dollars weekly for 400 weeks against Cedar Rapids city. Roy Beach seeks amendment to a left forearm injury claim against Gernert company of Marion. Harriet Gould’s claim against National Oats company settled for leg injury from machine operation. George M. Elder’s fumes case in closed cab compromised. Wilfred Comley sues Witwer Grocer. Edna Porter sues Royal Cleaners for hand scald. review for additional compensation requested. E R Tenny seeks injunction against B J McKeeby over competitive business restrictions. ring judge H C Ring. Will of Barbara M Valenta probated. legatees named. Frank Valenta appointed executor. C E DePoy moves to set aside $148.93 default in lease suit by Earl and Elsie Robbins. Mary F Mrazek vs Joseph F Mrazek divorce suit dismissed.
London reports the British board of trade expanded the blockade by prohibiting exports to French possessions in Algeria Tunisia and Morocco signaling a broader strike against French colonial holdings amid ongoing tensions with France uk authorities extend economic pressure in North Africa to curb wartime ambitions and limit resource access for the French empire.
The city council authorized the department of public safety to buy three new automobiles and trade in three used police cars. The chief of police will handle the trade. Gazette Co. may install a public fountain on Third Avenue at Fifth Street SE if liability for damages is assumed. Seven day petitions were approved to oil Fourth Street NW from E to L Avenues and Twentieth Avenue SW from B to C Streets.
The notice outlines pricing for ads including daily and weekend rates with 42 percent consecutive discounts. It notes additional charges for out of town inserts and that The Gazette is not responsible for more than one incorrect insertion. It mentions payment details on tag and details about Saturday and Sunday editions.
ROME AP report says an Italian German accord outlines a three fold attack on Britain with targets blocked by air and sea power. Italy to strike land and harass shipping in Atlantic and Indian Ocean while immobilizing Mediterranean seapower. nine divisions from Flanders reform to confront invasion. large parashoot corps and civil defense units mobilized. rationing tightens with tea limits and bans on dual meat and fish meals.
German air raids pressed inland from dawn Monday with waves of bombers over England Scotland and Wales. Eight German planes were shot down in 24 hours and many damaged. British fighters and anti aircraft guns clashed over the Channel and coast towns as fires and smoke rose from southeastern targets.
Berlin reported the German news agency that 12 British planes attempting to raid the Stavanger-Sola air base in Norway were all shot down. The dispatch quoted German authorities and noted no survivors among the attackers.
London dispatch reports world renowned German author Lion Feuchtwanger among refugees from Nazism who have fallen into German hands since France capitulated.
In Cairo AP reports Royal Air Force planes raided Diredawa causing direct damage to railway workshops. The broadcast notes British action Tuesday as part of ongoing operations in the region.
A notice from Kuba Funeral Home requests help locating a lost white female doe with black facial markings and a missing black and tan terrier named Tony. The items were lost near 413th Ave and 236 and St NW, with a reward offered.
Readers are urged to place want ads for automobile transportation with references. The Gazette promises $25 reward for arrest and conviction of anyone defrauding readers. Classifieds feature moving services Allied Van Lines and Kenwood Transfer, jewelry ads, and numerous wanted notices for housework, hotel staff, and drivers. Public notices include travel offers and rental needs across Iowa, with several addresses and phone numbers.
Police thought three men in a car near Palo were Fort Madison convicts. Sergeant Day and Deputy Whittemore chased them and drew weapons, only to find the trio workers on electric power lines. The scare echoed the Whisky Rebellion era bootlegging history.
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