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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 29, 1940
Page
4
Financial market notes hogs drop up to 25 cents while prices for feeder issue TE P decline to 6.60 as Tuesday estimates show livestock receipts around 14 000 hogs 8 000 cattle and 3 000 sheep in Chicago AP estimates reflect weak demand and lower commodity values.
Chicago AP reports a drop in hog prices with declines up to 25 cents, top at 6.65. Fed steers and yearlings weaken, lambs down 25 to 35 cents. The report lists various steer and cow prices and ranges from the representative sales data.
Regional cattle hog and sheep quotations from Chicago to St Paul detail receipts totals and price ranges for hogs 120-500 pounds, cattle and calves, sheep and lambs. Notable figures include Iowa and Illinois markets showing price declines of 15-30 cents for many weights, with top hogs around 6.25 and cattle generally steady to lower in early trade.
Hogs on the local market are weaker with a Monday drop of 10 to 15 cents and a no fill top at 6.15. The cattle market remains steady.
Cedar Rapids miscellaneous market list with wholesale and retail prices. Grain items include Wheat Nos 1 and 2 oats and soybeans, with hay straw priced per bale. Livestock shows hens and leghorns by weight, hides priced by type, and fruits vegetables with lemons oranges grapefruits. Additional items include cabbage tomatoes carrots and watermelons with various per unit costs.
New York market reports irregular egg receipts and varied butter prices with creamery grades higher than average. Chicago lists steady egg receipts and diverse prices for butter and produce while vegetable and poultry ranges reflect regional demand and storage standards.
A brief stock rally in New York markets Monday saw gains of 1 to 2 points among favorites before retreating. Early hesitancy gave way to a momentary bulge as shares around 250 000 traded, with U S Steel Youngstown Sheet Chrysler General Motors Crown Cork Consolidated Edison Eastman Kodak Kennecott General Electric Great Northern North American and Southern Railway advancing at times.
Monday quotations show Adams Express and Kennecott Copper among leaders with mixed gains across industries. Declines appear in some food and retail names while industrials and rail stocks show varied strength. river gauges report Mississippi River rises and falls at multiple points.
Wheat prices rose fractionally on the Chicago board of trade as corn firmed and stock tones buoyed buying interest. Wheat closed unchanged to 4 1/2 cents higher with futures around 74 1/2 cents. corn rose modestly while oats held steady and rye fell slightly amid light offerings and quiet foreign demand.
Minneapolis cash grain reports receipts 142 cars amid quotes for wheat cash No 1 heavy dark northern 77c No 1 76c to 76c No 3 73 to 74c. Corn No 3 yellow 59 60c. Chicago cash wheat No 2 red 84 to 84 1 4c. corn No 1 yellow 64 64 6c. oats and barley prices listed with ranges.
In New York trading the bond market stayed broadly even as selective buying offset slimmer gains. Foreign issues like Brisbane 55 and Australia 4 65 moved fractionally, while domestic names such as Third Avenue Adjustment 5s and Pennsylvania Railroad General 41s edged up. U S government bonds closed mixed with small gains and steady levels.
Wisconsin cheese quotations for the week of July 29 to August 3 show varied prices across varieties with cheddar and brick listed. In Boston the wool market was steady to firm with demand focused on finer territory wools in original bags priced 83 to 85 cents scoured and 80 to 83 cents for average French combing lengths.
Ambar Grotto and auxiliary plan a Friday 6 p.m. picnic at Ellis park river pavilion with a business meeting. Townsend clubs hold a joint meeting Monday at 7:30 p.m. in Memorial building. Letters to Wendell L. Willkie and Governor Wilson will be read. The convention choir will sing. Dr. Dale A. Myers has returned to Cedar Rapids after visiting Rock Island and Chicago. Two couples wed Saturday by Justice W. A. Ball. Miss Helen Wild recovering from appendectomy. Cub pack 5 picnic Tuesday at Bever park pavilion. W. F. Mercier of Detroit reports loss of a bill fold in Union station.
The regular Cub Scouts Pack 11 meeting at Jackson school, originally slated for Tuesday, is postponed until further notice. A prior note records a theft incident at 9 p.m. Saturday involving a billfold valued at $25.
Three individuals received treatment at Mercy hospital Sunday afternoon. Albert Lineback, 32, of Lisbon, was kept for observation for a chest injury from a home accident involving a car. condition not serious. Paul Hostak, 30, address 1811 Wilson Avenue SW, treated for second and third degree burns on his left hand from gasoline. John Hobel treated for a cut foot while preparing to swim in the sand pump pool.
American Newspaper Guild secretary treasurer Victor Pasche urged a wage hour hearing to reject expanded exemptions for newspaper workers. He argued the fair labor standards act applies to all guild eligible employees and current definitions correctly interpret the act.
Alfred P. Sloan Jr. told GM stockholders the national defense program will boost US industry more than expected. For the second quarter GM net income was 46,546,999 after taxes and reserves 26,700,000. Six months’ wartime earnings totaled 113,575,460 or 2.52 a share. The reserve covers possible 1940 taxes, losses abroad, vacation pay, and higher corporate taxes.
Communist Leader Earl Browder filed a petition with the Supreme Court seeking review of his passport fraud conviction. The appeal challenges a June 24 Second Circuit ruling that upheld the four year sentence and $2000 fine on two counts. Browder is currently free on bail awaiting the high court decision.
Miss Zelda Gillmore and Mrs. Julius Raddatz hosted a kitchen shower for Marjorie Allbaugh in Marion with 20 guests and prizes for Mrs. Margaret Hawk and Mrs. Clarence Flitch. The Arp family returned from a two week western trip, visiting the Black Hills Yellowstone and Los Angeles.
The column lists residents and visitors including Opal McCan non and Mrs C C Larson in Cedar Rapids, families from Des Moines Alvin Tex Omaha and Omaha guests, and longtime ties with Morley. It notes home purchases by Elmer Scevell and family events at the Ladd residence, with several Cedar Rapids and Keystone connections.
A Gazette page blends funeral service ads and lost items with notices for pets and valuables. Items include a 25 pound black bulldog, a brown dachshund, and a white puppy with spots, plus a missing cash box in Billford, with rewards offered. Local businesses advertise jewelry, printing, feather mattresses, and quilting services amid requests for homes and ads for vacations.
A collage of classified help wanted notices and ads from The Gazette. Listings include office work, reception, farm hand, dressmaking, route driving, appliance sales, grocery clerk, barber, and dairy farm help with contact boxes and brief notes on experience.
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