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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 20, 1933
Page
6
Chicago contracts show hog prices slipping as receipts surge and demand weakens. Heavy hogs and light weights alike fall with western markets mixed. cattle and veal also show softer trade while sheep hold firmer in spots.
Wheat fell sharply on the Chicago board with a 13 cent drop as professional, eastern and public selling overwhelmed futures. Prices eased late with wheat 9 3/4 to 12 1/2 cents lower. corn oats rye and barley also declined amid heavy selling pressure and lower cash prices.
Vague financial notes appear with scattered figures and names, referencing markets and dates. The fragmentary text mentions prices and bonds alongside stray proper nouns, lacking clear events or outcomes.
In Cedar Rapids area agricultural items noted include grain prices and crop updates. The brief mentions miscellaneous farm data, with figures like 3.50 and 7 4, reflecting market or produce values and notes on local crops.
Wall Street ends in weakness after a day of heavy selling in alcohol issues and grains. Leading liquor stocks fall sharply while gold mining shares dip and bonds rise. overall volume surges with 7.5 million shares traded after noon.
Local market hog prices fell Wednesday with a dime decrease early and again later, top price down to 3.90. Calf market shows choice grades 140-189 lbs at 3.50 to 4.50, good to choice 130-190 lbs at 3.50. Spring lambs 70-80 lbs bring 6.00 to 7.00, buck lambs at 6.58 depending on quality.
President Roosevelt remains in his room after a slight illness during a Potomac cruise. Doctor McIntyre ordered rest for at least 24 hours, delaying Friday's luncheon for Prince Ras Demtu of Ethiopia and postponing Balbo’s luncheon and Wednesday press conference. The president reviewed recovery and veterans compensation details in the White House study.
In Fennville Michigan a Detroit couple, recently bankrupt on an Allegan county farm, attempted a bank hold up at the State Bank of Fennville. A citizen posse cornered them after a gun battle wounding Ed Austin and Russell McKellips. They seized about $2,000 from the vault before capture.
In St Louis a 77 year old Alton banker August Luer was seized by two men and a woman. Percy M Fitzgerald known as the Dice Box Kid was held on charges of violating the national extortion act after the wife identified him from a photograph as one of the abductors. DOJ agents arrested the former convict Monday night at Madison.
W oL McLaughlin alias W S Reilley was brought back from Chicago to face two embezzlement charges. He allegedly diverted mortgaged property including a Chrysler coupe and an amount of 53.95 from H O Canterbury. William Morrow pleaded not guilty to a separate charge for disposing of mortgaged property and was jailed with 1500 bond.
In district court Judge H C Ring ordered the receiver to authorize expenditures for the Smulekoff, Miller and Smuleckoff case against Jordan's to cover salaries rent and incidental expenses. W G Loftus became assignee for Sloane Shoe creditors with a $2000 bond. A divorce hearing for Samuel G Pugsley v Margaret F Pugsley opened, while the bank receiver obtained release of a $523.94 third mortgage on Ora Halfhill Mollie Haltbi property, junior to earlier liens.
Hos. Van Cleave was called Wednesday morning to Hamburg by the sudden death of his aunt Miss Georgia Yager on Tuesday evening. Miss Yager was 92 years old.
Adolph A. Berle, RFC railroad adviser, told the Interstate Commerce Commission that merging the St. Louis San Francisco and Chicago Rock Island Pacific railroads could resolve their reorganization issues. He criticized Frisco's plan as inadequate, noting it fails to reduce fixed charges and serves only as a stopgap.
Elliott Roosevelt arrived in Chicago from Nevada after his divorce from Elizabeth Donner Roosevelt. He declined to discuss personal matters including a rumored romance with Ruth Googins of Fort Worth, Texas, saying he will announce any future marriage when ready and will not discuss it in the meantime. He stopped at the hotel where Miss Googins was registered Tuesday night.
J Pierpont Morgan arrived in Southampton from New York aboard the Olympic and said he might discuss currency stabilization with Montagu Norman, governor of the Bank of England. He emphasized a holiday visit but noted plans to meet Norman and suggested possible discussions on diseased spots in international finance.
Clear skies and a bright sun pushed temperatures up today with a high near 91 degrees in the afternoon. A reading of 62 at dawn rose through the day, peaking at 89 then 91 before falling to 78 and 65 by midnight.
Iowa butter manufacturers meet to discuss a code of ethics for butter plants. Frederick Larrabee says seven district meetings across Spencer Atlantic Ames Ottumwa Cedar Rapids West Union Mason City will share latest code details and allow suggestions for improvement.
Born to Ronald Kenton and wife a daughter Marlene July 17 at Mercy Hospital. A son Robert Irving born to B S Teal at Mercy Hospital. A son Charles Ried born to C. H Barcus and wife Etta Parks of Cedar Rapids. A son Robert Leroy born July 17 to Ivy L Frost and wife at 438 Fourth Avenue SW.
Washington Pennsylvania reports an astrologer predicts a summer drought due to a planetary quarrel. Paul K Schimmack, 71, cites Mars, Jupiter and Neptune aligning in Virgo on March 7 and again in June, causing hot, miserable weather.
Ohio prison warden seeks the escapee O Rourke from the State penitentiary in Columbus. Police report a 1929 auto theft sentence and an escape from Ohio State University. He used six aliases and was apprehended after a trap set by The Gazette. Detective Powers led the arrest.
Delegates from ten states press for parity prices to match hogs with corn noting a possible processing tax to fund corn acreage cuts and market expansion. Wisconsin opposes corn reduction while a 25 member permanent council will press demands with packers and Agriculture Department.
The 9 producers processors conference in Chicago announced a resolutions committee to report at session end. Dr A G Black elected national council chair with support from C V Gregory and others. Julius Peters named secretary. Iowa holds nineteen votes, Illinois eleven, Nebraska nine, Missouri seven, Indiana seven, Minnesota six, Ohio four, Kansas four, South Dakota five, Wisconsin four, and Nebraska chairs credentials.
Federal narcotics officials said Tatsu Kawahara was arrested in Osaka ending one of the world’s largest narcotic smuggling rings. The operation moved morphine valued at 20 million dollars to Pacific coast cities over six years, with Kawahara organizing the Los Angeles end and supervising supply from Japan.
The article reports S. P. Shouse urging dry leaders to accept the popular will and redirect work toward regulating liquor. He predicts repeal eventuality across the states, with Rufus Lusk of the Cruscaders claiming completion by November.
A Cedar Rapids gathering in the Lincoln Jefferson room at the Roosevelt hotel elected Joseph Sadowsky president of the Friends Of Czech Music. Rev August Vojacek was named vice president and Marie Wokoun secretary. A by laws committee will be appointed and a next meeting date announced.
Lyle Fuller, 31, of 525 Sixth Avenue SW suffered bruises to knees and elbows at 5 20 p.m. Tuesday when a car struck him as he crossed First Street SW near Fifth Avenue. Driver C Raver 501 Second Street SW said the boy dodged in front of his car. Raver took him to a doctor.
Inmates at the Pima county Jail protested two unwashed itinerants. Deputy Sheafre Frank Murphy was called to quell the disturbance as prisoners objected to the visitors presence and sent a note to Justice C V Bdlong denouncing the pair.
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