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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 24, 1934
Page
4
Chicago market slumped as dry weather unsettled demand and led to lower hog prices. Receipts topped 48 thousand head with Chicago at about 28,090 and national tone weaker. cattle and lambs followed the trend with mixed regional declines and selective gains.
Grain market lines show broad swings as bids and offers bounce within a wide price spectrum. Reports mention Iowa Des Moines receipts and varied quotes across corn, oats, and soybeans, with multiple price points and futures activity influencing day’s tone.
Heavy receipts in Chicago and at Sinclair plant push hogs down sharply on the Cedar Rapids market. Choice hogs fall further, lambs slip, and cattle prices retreat as corn edges up. Market reports from Sinclair and local auction notes detail quality based pricing and varied packer bids.
CHICAGO (UP) Grain prices fluctuated widely as heat scorched farming regions and forecasts of cooler weather influenced trading. Wheat finished unchanged to slightly lower while corn rose a little and oats held steady amid profit taking and varied outside markets.
Fragmented OCR text hints at bond market activity with unclear figures and entities. The readable parts mention bonds, rates, and a government or financial institution, but proper names, places, dates, and outcomes are missing or garbled.
New York markets opened the week with a broad decline led by US Steel and rail issues. Stocks fell 1 to 6 points as New York Central Western Union and Bethlehem Steel hit new yearly lows amid heavy transfers totaling about 2 million shares. Wheat and corn rose briefly before profit taking, while utilities showed resilience and American Telephone and Consolidated Gas slid modestly.
Fragmented notes describe standard middlings priced at 2740 and a 1.500 SIGAR MARKIE in New York. The garbled text hints at warehouse, shipping, and market analyses, with references to PIA and raw materials. Sources are partial and unclear but point to trade terms and prices.
New heat record of 110.15 was set at 7pm with 86 at midnight and 80 as the lowest early Monday. The ongoing heat siege kept temperatures above 100 by 10am. Parks beaches pools and highways thronged as the fourth day of temperatures over a hundred continued.
AP reports a nationwide heat wave causing at least 287 deaths with forecasts of continued extreme heat. Mississippi to the Rockies show drought damage with thousands of cattle sold and crops losing hundreds of millions. Daily life suffers as cities bake and temperatures top the 100s in multiple states. Missouri leads in fatalities with 76 killed. other states report double digits.
Washington battles drought with relief lines expanding across 50 counties as 61 move to emergency status. Cattle purchases exceed 1,000,000 head, triggering about 4 million dollars in aid while cattle are culled or moved to green pastures. Iowa endures 100 plus temperatures with 31 heat deaths to date and prostrations scattered statewide.
Linn County's three representatives at the Red Cross camp at Camp Oak Point, Square Takens Water Minn, qualified in all enrolled courses. Evelyn Street of Coe College, now in Dixon TH, completed standard courses in swimming and canoeing plus advanced life saving and first aid. Lucile Ladd of Y W A, Roanoke Wa, finished standard diving and boating courses and advanced life saving and first aid. Dr Dawson Guim, optometrist, qualified in standard first aid and swimming along with Pageantry and advanced life saving.
Kenwood Playground hosted a Thursday pet show with Prudence Johnson of Davenport serving as judge. Awards went to Daralene Cornthwaite for smallest pet a fish and Jeanne Hoyt for prettiest pet a dog, among other recognitions. In separate matters Frnak Nichols and Miss Fidora Robinson of RoweYonette faced fines and jail terms for a statutory charge in district court.
Chinch bugs, crop pests of the Midwest, found in Cleveland school annex relief garden. Garden director E. S. Smith reports, with specimens on display at city hall. State Inspector J C Snyder to advise on control Tuesday with talks for west side, east side, and Marion subsistence gardeners at designated locations and times.
No objectors appeared at Monday's city council budget estimate hearing. The adopted budget for the next fiscal year totals $1,062,570 starting April 1. Must be certified to the county auditor by Aug. 15 to set the levy. Budgeted amount is below the current $1,099,030 but above last year's $976,448. Tax levy limited by Beatty Bennett law. $685,518 to be raised, taxes expected to provide $692,443.07 this year.
Three men were arrested on a complaint by Zola Price 28 of 608 Third Avenue SE. Russell Martin alias Walker 18 of 512 Seventh Street SE Larry Thomas 24 of 112 Second Avenue SE and Ernest Hahn 24 of 1408 Ellis Boulevard NW were bound over to the grand jury on statutory charges before Justice Henry A Stearns with bond set at 5000. Price was arrested at 425 am Monday after being found in a car driven by Walker in Mound Farm addition. She was shouting when police arrived and jailed for intoxication for 30 days.
Chicago report says John Dillinger planned a South American escape with a fake passport to flee the country and retire from crime as a rancher, but federal agents stopped him with a fatal confrontation Sunday night. Police say the plan involved a passport to exit the United States via a southern route, reflecting his long stated aim of retreat from crime.
Police report two burglaries in the city Sunday night and Monday. Thieves entered a beer parlor at 449 Third Avenue SE, taking $21.50 in cash and a rear door key after entering via a washroom window. No forced window signs noted. Separately, Walter Marwle, city street department superintendent, said thieves entered a tool house and stole twelve shovels.
Clarence Brown superintendent of the Iowa City Juvenile Home was fined 50 dollars and costs in police court after conviction for assault and battery on Paul Akers a four year old ward. Brown admitted spanking the boy with a small board but denied causing bruises saying he only intended to scare him. He planned to appeal to the district court as Johnson County supervisors prepared to meet on Monday afternoon.
A daughter to Mr and Mrs Charles Borner of 1320 L Avenue NE born July at St Lukes Hospital. A son to Mr and Mrs Morrison of Mr Vernon born July at St Lukes Hospital. A son to Mr and Mrs CH Lisenhee of Second Street BW born at Patterson? St Luke's Hospital. A son to Mr and Mrs Robert Lendats at Canetsity Hospital.
A Sunday reunion at 4401 North Eleventh Street honored Phoebe Payne of Kansas City with 35 onlookers from Marion and travelers from Wisconsin Iowa and Illinois. Entourage included Benson Tamblingson Rose Wischart Benioni and many kin. Various church meetings civic events and World’s Fair trips keep Marion active as Dr Skinner returns from surgery and plans recovery.
Silver certificates and money substitute for cash. Washington reports silver money in circulation rising from 642,895,599 in 1933 to 711,761,312 in 1934, a gain of 868,863,722 as Roosevelt era silver rehabilitation accelerates. Treasury holds 62,128,451 ounces, costing 46,900,979, with plans to issue about 80 million in new silver money.
Rotarians heard that soybeans present a major opportunity for Iowa agriculture and industry. Citing Soybean Products Co President Ray F McGuire, the talk highlighted growing chemist discoveries and uses for soybean oils in paint, soap, celluloid, explosives, lubricants, waterproofing, and automobile enamel.
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