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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 27, 1940
Page
2
Chicago and Omaha livestock markets show steady to weak trends as hot weather trims demand. Hogs and cattle receipts rise while prices ease 10 to 50 cents per cwt. Western and Kansas spring lambs and calves demand fluctuates, with stockers and feeders trading lower and varied regional quotes across Sioux City and Des Moines reports.
Iowa hog prices across weight classes show slight variations with common ranges from 180 to 500 pounds, including packers and sow categories. The Waterloo and Mason City markets display varied bids with multiple weight brackets, while St Paul Livestock notes steady fed steers and yearlings, weaker heifers and cows, and moderate stocker activity in a tightening market.
Receipts show hogs steady to 50 cents lower with choicer meat at 900 dollars per ton for good quality. Slaughter hogs slow to 10 percent lower. sows and heavier weights mixed. Sheep receipts up to 2,500 with slaughter lambs 60 cents lower. native yearlings and feeder lambs noted with mixed price ranges. Westin market lists barrows and gilts by weight with varied prices across 140 to 300 pounds.
Hogs hold steady on the local market with intact tonnage figures and steady price signals. Readings point to consistent supplies and general market equilibrium, with buyers remaining cautious amid mixed quality notes.
Cedar Rapids market notes list prices for grain including Wheat No 1 at 14c and No 2 at 62c, Oats No 3 at 29c, Rye No 2, Barley No 3 39 to 45c, Corn shelled No 2 yellow, Soybeans No 2 yellow 64c, hay straw values, and poultry prices with hens by weight, legs, and hens. Also wholesale fruits and vegetables with lemons 5.50, oranges 3.75 to 4.00, grapefruits 2.40 to 3.40, onions 2.25, cabbage 1, tomatoes 1.35, carrots 0.90, new potatoes 3.35, and misc market items including hides and horses with prices and notes on pony discounts.
Wisconsin cheese prices are quoted for July 29 to August 3 with cheddar and other varieties shown, while the wool market in Boston shows renewed demand and firming prices. Buyers' interest is improving, lifting greased combing and fleece values to the 33 to 36 cent range for finer grades and up to 38 to 49 cents for higher grades.
New York bond prices mostly held fractional changes in a thin half holiday session. Rail liens drove activity with Boston and Maine 5s and Michigan Central 4 1/2s rising slightly, while government bonds showed little turnover and few foreign issues traded. Tokio Electric Light 68 and other issues edged mixed, with Bethlehem Steel Jigs and International Hydro Electric among movers.
New York traders found little movement as buyers and sellers held back. Ticker tape showed few pivotal stocks trading and many with fractional gains or losses. About 100000 shares changed hands, the lightest Saturday volume since August 3, 1918, with war, taxes, and uncertain business outlook dampening sentiment.
Wall Street quotations published by J E Bennett show numerous stocks traded today at varying prices. Major names include Adams Express, Alaska Juneau, American Can, Kennecott, Ampere, Armours, Colgate, General Electric, Union Carbide, Dow Jones constituents, and many others, with figures reflecting market activity across industries. The page lists numerous tickers and price snippets from the Merchants National Bank building, characteristic of a late period financial digest.
Dysart aviator Merlin Holtz narrowly prevented a crash after his engine failed just after takeoff. He landed in an oats field with Mrs. John Krug as a passenger, sustaining no serious damage. In Dysart, Mr. and Mrs. C. D. Koontz mourn the death of their son-in-law Bliss Train of Waterlon. Funeral services were held in Waterlon with burial at Elmwand cemetery. Mrs. Train was formerly Ida Koontz of Dysart.
Chicago wheat prices held near unchanged as corn faced selling on improved corn belt weather. Wheat closed steady to off 1 cent. corn fell 5 to 14 cents with Sept. futures around 605s-34. Oats and rye eased. soybeans down about 15 cents. Chicago cash provisions show varied grain values. Minneapolis receipts noted.
Market report for Chicago with Butter Eggs and Potatoes receipts and on track shipments. Idaho russet Burbanks priced 61.95 for US No 1. Kansas cobblers fair quality. Missouri cobblers with decay. Nebraska and Washington varieties listed with quality notes and prices. Futures furnished by Lamson Bros and Ga. Butter and egg standards shown with November dates.
Washington reports Meyer Lax an American citizen was killed in an air raid on Haifa Palestine. A telegram from Jerusalem by consul general George Wadsworth says Lax was among 41 injured fatally in the Haifa bombing the previous morning.
CHICAGO INS reports William Bioff Hollywood labor union czar had his appeal for a habeas corpus writ denied by Federal Judge William H. Holly. Bioff remains in Bridewell jail serving a six month sentence from 18 years ago on a morals charge and has about six weeks left to serve.
London AP reports the Mos cow radio said Russian warships in the Caspian sea massed at the oil port of Banku in preparation for a naval parade on Monday. Earlier large scale maneuvers on the Amur river in eastern Siberia were noted by the Soviet naval forces.
Geo H Ilton and wife convey to Hubert Kaplan and Mildred Kaplan a joint tenancy with full right of survivorship in Lots 7 and 8 and Plat 234, in fee simple. Consideration stated as $1 and other value. Property located in WD district 75-40.
Two men, John Irish McLeod and James Ryan, were shot in gangland fashion as they fled to a suspected hideout. McLeod died from shotgun wounds. Ryan in critical condition. Police connect the violence to former Capone syndicate efforts to control bootleg news services after Nationwide News Service dissolution led by Moses L. Annenberg. A card for Nationwide was found on Ryan, and investigators note ongoing gambling and bootleg wars amid the pursuit of a new race news service.
Charles Fels of Homestead, recently named a state highway patrolman during a force expansion of 13, has been detailed to the Cedar Rapids office and will base operations there while living in Homestead for now. The new force adds an extra patrolman to each district with two more at Des Moines and Ottumwa.
Arthur M Wiley born July 15 1874 in Belle Plaine died suddenly at his Rollinsville home early Friday. He lived most of his life in Cedar Rapids before moving to Colorado 20 years ago. Surviving are his wife Christine Yetmar daughter Gladys Emerson of Cedar Rapids sons Glenn Cedar Rapids George Toddville and Charles Grant Wiley sister Mrs J T Wilson of South Bordman Michigan and two grandchildren William Arthur and Dwane Lee Emerson. Body to be brought to Cedar Rapids. funeral arrangements pending.
Edward Beattie Jr reports from a southeast England port on the Admiralty's account of a convoy of 21 small coastal vessels escorted by trawlers under attack by about 30 German aircraft. Five ships were sunk, five more damaged, with heavy anti aircraft fire and daring rescue efforts as survivors were ferried to safety.
Local society gathers for luncheons and dinners as Mrs Everett Rhodes visits from Niagara Falls with relatives in Marion. Guests include Mrs Harold Scott and others. Franklin Lagerquist treated for a lacerated forehead at a local doctor. Family trips planned to Croswell Michigan and Savanna Illinois. Quarantine for Donald Randall, age four, with scarlet fever. Various hometown visits, travel to Minnesota and Illinois, church events, and a double feature at Garden tonight.
A pair of softball games are set for Sunday at 8 15 p m at the local diamond. Rapids School of Welding Marion faces Armstrong Clothing Cedar Rapids in the first game, followed by Hallwood cafe Marion vs Witwer Grocer Cedar Rapids in the second. Northwest Passage with Spencer Tracy plays Sunday and Monday at the Garden as an advertisement.
Mrs Ellen Knotts wife of Thomas J Knotts died at her Covington home at 4 p m Friday after a lingering illness She was born May 18 1864 at Wellman and had lived in Covington 20 years Survived by husband son Jesse Covington two daughters Mrs Albert Anderson Cedar Rapids Mrs Harold Essen Two Harbors Minn two sisters Mrs Emma Hatter Washington county Kan Mrs Martin McDowell Kansas City Mo and seven grandchildren Funeral services at Moon chapel 2 p m Monday by Rev Cline Halsey Friends may call at the chapel
Funeral services for Frank A Talbott aged 1346 I avenue NE who died Friday in a local hospital will be conducted at 2.30 p.m. Sunday in the Moon chapel by Rev George A Stauffacher. Burial will be in Linwood cemetery. Friends may call at the chapel.
The MARION churches list morning worship times 10:45 at Baptist and 9:00 at Christian, Bible school at 9:45 and 10:00 respectively, with midweek choir prayer and Bible study at 7:30 Wednesday. St Joseph’s Catholic Mass at 7:30 and 9:30 am. Rev. Vernon H Carter leads Christian services with sermon on Wearing the Name of Christ. Rev. J McElliott to celebrate Mass.
Community churches list Sunday schedules with times for worship, Sunday schools, and sermons. Notable entries include Guthrie Center congregations led by Rev. Ralph B. Noyce in Grinnell and Rev. Arthur W. Henke with Harold J. Ward supplying the pulpit during absence.
William Kowal twenty two years old was injured in a Chinatown altercation two weeks ago. He received medical attention at a hospital for a superficial head wound. Bellevue hospital later removed a knife blade fragment from his skull and he is reported to feel better.
A stream of transfers lists John E Krejci Orva Slauson Russell Krejci and others conveying properties to Benjamin F Schneider Blanche G Schneider and others as joint tenants. Transfers cover Hart's First Add Kenwood Vernon Heights Central City Liscon Westfield and other Linn County parcels with notes on survivorship and joint tenancy. Several deeds note nominal sums and valet deeds with dates around 1940 and include tax deeds by Linn County.
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