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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 27, 1935
Page
13
Chicago markets saw a moderate two day price rebound for hogs with buyers and commission men active. Friday's trade brought 180-249 lb hogs to 1060 1075 and 1080 tops while receipts totaled about 5 000 head with 3 000 shipped directly to major operators.
Hog prices in the local market showed a partial revival with best grades unchanged after recent declines. Packers moved slightly higher by five cents while cattle and produce held steady and corn slipped a single cent.
Wheat futures surged on persistent black rust and premature ripening news from the Northwest. July and other months posted sizable gains while corn and oats edged higher amid a bullish crop outlook. cash markets showed strength in corn and oats, with light receipts overall.
A mixed list of farm and wholesale items with prices including grain wheat oats rye corn and hays, and assorted fruits vegetables and animal products. Entries mention Texas grapefruit Valencia oranges lemons potatoes celery cabbage onions and hides with varied unit prices.
Chicago market notes show receipts and prices across dairy and poultry, with butter and cheese futures trading amid steady to firm demand. Poultry consignments include hens and rock fryers with varied prices, while eggs and milk products reflect mixed but stable movements for the day.
The Agriculture Department reports trading in 64s and finer wools continued, prices steady to firm with some softness. French temble and clothing moved at 62 to 65 cents, scoured batters available in small lots, average to good French combing fine moved around 68 to 71 and 2 cents on secured basis.
Chicago cash provisions list No 1 red hard red winter wheat prices and class quotes for No 2 and No 3 grades with bids around 84 to 98 cents and rye and mixed lots noted. Minneapolis cash grain reports receipts and bids for wheat No 1 northern and dark northern, durum prices, corn and oats quotes, plus rye and seed values, with March and May futures referenced.
Foreign exchange quotation list shows steady demand for various currencies. Values include Great Britain 496 plus France 6605 and Germany 4028, with multiple European and international currencies cited alongside cross rates and city pairings such as New York Montreal and New York Toronto.
In New York bonds closed with Liberty Fourth 444s at 33-38 and 101 13, Treasury 4s at 47-52 and 117, June quotes 108 19, Treasury 3 35 at 46-49 and 1 1051, Treasury 3s at 104-2.
Wall Street secured buying support Friday as utilities firmed and select issues edged higher after a prior drop. Consolidated Gas and Public Service of New Jersey rose about a point along with American Can Johns Manville and Liggett and Myers B. Trading showed fractionals in American Telephone Santa Fe N Y Central U S Steel Bethlehem Westinghouse and Sears Roebuck while Hercules Powder fell two points. Market turnover approached 950000 shares.
In New York bonds saw uneven moves with the 7s leaping about four points after opening on reports of conciliatory offers in the Ethiopian conflict. American and Foreign Powers 5s rose nearly two to a yearly high around 75. Industrials and Unlity firms advanced as rails showed limited appeal due to weak railroad revenues. Bethlehem Steel led industrials with a one point gain amid a generally firmer tone.
Thomas Hart Benton says the best Missouri life is seen in small town courtrooms and plans to paint a courtroom scene. He calls the Midwest center of things and cites Grant Wood and Curry as Americans known in Europe. He defends high art prices and supports government aid to artists, urging art in public spaces.
Ed Stefan park commissioner announced that the well water in Shaver Bever and Daniels parks is free from contamination and safe for drinking. The Ellis park well had already been approved and Meaney will monitor the wells periodically through the summer.
Vera Belle Colton aged 52 of 2515 Johnson Ave NW Cedar Rapids died 7 45 pm Thursday after a short illness. She is survived by her husband Qrie J Colton two sisters Myrtle Dodge and Ruth Schorr two brothers T M Dodge and B L Dodge all of Cedar Rapids. Funeral at her home 11 am Saturday conducted by Rev J Renwick McCullough calling hours at home.
The back to the farm movement is noted in Nevada this year per the U S census. Five years ago 3442 farms existed, this year 3696. Farm value fell from 64 111 000 to 42 568 709 dollars.
Forty five entries are recorded for tonight’s 8 o’clock Marion swimming meet at the American Legion pool to pick teams for the district AAU meet on August 2. Five divisions include senior and junior men and women plus novices with events in freestyle, breaststroke, backstroke and diving.
New York API reports raw sugar steady at 3.20 with futures opening flat to up two points and rallying two to three points on commission house activity. December futures drop from 2.25 to 2.28, March from 2.06 to 2.08 as prices hover around midday. Refined sugar at 3.10 for fine granulated. Minneapolis flour markets show higher carload costs and shipments at 22,956 with bran at 17.50 and middlings around 18.19. Modern methods still enable two people to manufacture all tennis balls sold in the country.
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