Hog Prices Rally After Thursday Chicago Estimates
Hog market in Chicago rebounded after a sharp drop. Thursday receipts showed hogs at about 12 000 head, cattle 5 000, sheep 6 000 as buyers brought prices back up.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 03, 1936
Page
4
Hog market in Chicago rebounded after a sharp drop. Thursday receipts showed hogs at about 12 000 head, cattle 5 000, sheep 6 000 as buyers brought prices back up.
Chicago AP reports a sharp hog price rebound on Wednesday halting a downward trend.quotations rose 5 to 15 cents with top at 10.25 dollars, driven by improved wholesale demand amid cooler weather. Yearlings and light steers remained scarce, with steady to higher prices, while lamb markets stayed weak due to high wholesale and retail lamb prices.
Cattle receipts 2600 with slaughter steers 25c higher. best cows around 6.00. calves steady near 7.00 to 9.00. Hogs 9500 received. top 10.00 for 140-160 lb. most prices up modestly. Sheep 300 head. lambs and yearlings 25c lower. springers 11.00. fat ewes 2.50 to 4.00.
HOGS receipts 7,000 with 100 direct. steady to 10c higher. top 9.75. 170-240 lb range. CATTLE receipts 6,500. calves mixed yearlings and heifers up to 15c. long yearlings and steers steady to strong. cows and heavy heifers up to 15c. bulls 10-15c higher. stockers and feeders steady. SHEEP receipts 7,000 with 781 direct. lambs 10.25 to 10.75 losing details in OCR.
Reported hog prices on the Waterloo and Ottumwa markets show higher quotes across weight ranges with notable gains on mid and heavier hogs. Prices listed include 140-150 Ibs at around 8.35 to 8.65, 290-325 Ibs near 8.80 to 9.15, and 425-450 Ibs around 8.00 to 8.60, reflecting a firm local market on Wednesday.
Hogs closed 10 cents higher with ranges for 180 to 220 pounds at 9.35 to 9.65, 530 to 250 pounds at 9.25 to 9.55, and 250 to 290 pounds at 9.05. Prices reflect a Minnesota market update from AP.
Sixty line data show receipts for cattle hogs and sheep at Sioux City. Cattle: steer and yearling prices mixed with some gains and many flats 865 lb yearlings at 8.15 and 1180 lb beeves at 8.00. Hogs: receipts 4500 with 170-270 lb butchers around 9.50 to 9.65 and heavier weights near 9.40 to 9.50. sows 8.65 to 8.80. Sheep: receipts 1000 with best springers around 11.00 and shorn yearlings near 9.00. ewes steady near 3.75.
Combined hog receipts at concentration yards and 9 packing plants in interior Iowa and southern Minnesota for the 24 hour period ending 8 a m Wednesday totaled 26 300, up from 19 600 a week ago and 12 200 a year earlier. Prices ranged from 8 50 to 9 90 a hundredweight across weights, with most lists 5 cents higher than Tuesday.
Hog prices on the local market moved slightly higher on Wednesday as all grades gained 5 cents. The top price reached $9.70. Corn prices also showed a small increase.
Wholesale fruit prices list vegetables and produce including Oranges Valencias 4.50 to 4.75 per box Grapefruit 5.25 Lemons 7.75 Potatoes 2.50 to 3.75 apples Winesap 1.50 box Bananas 3.25 to 3.50 Celery 3.90 Cabbage 2.00 to 2.15 Onions 1.35 to 1.50 Strawberries 4.00 crate Pineapples 3.00. Hides prices No 1 cured beef hides 7c No 2 6c No 1 calf 9c No 2 calf 7.5c Pony and glue hides half price. Heavy hens broilers cocks and lemons ad items listed.
Wheat prices on the Chicago Board of Trade held near steady after a private crop report suggested a larger winter wheat harvest. July futures at 84 3/4 cents, corn steady to up, oats marginally higher, rye flat, lard firm. Trading remained quiet as traders weighed weather and crop estimates.
The report lists cash wheat, corn, oats, rye, soybeans, barley, timothy and clover seed prices in Chicago. Prices show No. 2 hard wheat at 92 1/2 cents, various corn and white and mixed categories, oats from 25 1/2 to 28 1/4 cents, soybeans with yellow prices around 82 to 85 cents, barley near 48 to 92 cents, and seed prices for timothy and clover noted. Lard and bellies quoted at about 10.05 and 12.52 dollars respectively.
A sharp advance in Cuban public works bonds energized a quiet market as Cuban 52s rose nearly 10 points to above 60 after the Cuban supreme court ruled their issue legal. U S and Canadian issues firmed and select rails shown modest gains while most foreign issues stayed inactive.
Minneapolis AP wheat receipts show 59 cars, down from 156 last year. Prices listed for No. 1 heavy dark northern spring, No. 1 dark northern, No. 1 hard Montana, and amber durum grades with varying protein levels and arrival values. Corn and oats futures quoted as No. 3 yellow and No. 3 white with noted price ranges.
U S department of agriculture reports in Boston that spot wool sales were moderate in volume while prices stayed firm. Average to short French combing wool in original bags sold around 82 to 85 cents scoured. better combing lines with staple fetched 85 to 86 cents.
U. S. government bonds closed with several Treasury securities trading at higher and lower prices. Notable quotes include 4s 47-52 at 117.30, 4s 44-54 at 113.10, 3s 40-43 June at 108.27, 3s 46-49 at 106.90, and 3s 51-55 at 104.14.
New York reports regular demand and buy and sell rates for multiple currencies with numerous country references. Rates include Great Britain 5.02, France 6.58, Germany 40.26, Sweden 25.89, Japan 29.43, Shanghai 30.00, Mexico City 27.85 and Montreal 9.81, among others, reflecting varied nominal values and cross city references.
Market receipts in Chicago show butter firm with creamery specials around 28 percent, eggs steady with prices unchanged, live poultry steady to firm with mixed regional prices for hens, leghorn, and broilers, and potatoes on track with new stock strong and prices higher. Notable items include Bliss Triumphs and multiple U. S. No 1 and No 2 potato prices across regions.
Minneapolis AP reports mixed commodity prices including flour 6.40 to 6.60 per barrel, carload shipments at 22 797 units and bran at 13.50 to 14.00. Standard middlings listed at 17.50 to 18.00 with 98-pound cotton sacks noted in shipments.
The Associated Press index of electric power production for the week ended May 30 advanced to 107.9 percent of the 1929-30 average from 107.3 percent. A year earlier the index was 95.4 percent.
New York AP reports sugar raw and refined markets holding steady on Wednesday with no sales and futures unchanged while refined sugar remains at 5.00 dollars per unit.
Eggs receipts totaled 44 551 with irregular and mixed colors. dirties at 19 4c and average checks 18 12 18 c. Butter receipts 11 231 firmer creamery higher than extra 28 29c. firsts 27 54 27 4c. seconds 25 2 c. centralized 27 34 27 2 c. Cheese receipts 378 131 firm. live poultry by freight: fowls 20 roosters 14c turkeys 14 25c ducks 11 13c.
Rep. Samuel Dickstein of New York renewed efforts to trigger a congressional investigation of the Black Legion. He presented rules committee letters he says show the hooded group planned bloodshed in Michigan and cited arms in a U S Army medical corps captain and a Michigan state militia officer based in Monroe. He allowed the committee to view the letter without naming its author.
Chicago butter futures showed storage standards at 28 34 cents and fresh standards at 27 2 cents. Refrigerator features closed with Oct 23% ec for standards and 21% 2 cents for June packed firsts.
In Paris at the swanky Lido, cooks waiters gigolos and hat check girls slept in chairs on tables and floors to keep owner Leon Volterra from shutting the club due to bad business.
Complete unofficial returns show Bloomfield publisher Kenneth Baldridge defeating Oska loosa mayor George Burdock by 32 votes in the Fifth district Democratic congressional nomination. At 303 of 324 precincts in, Baldridge led by 11. final tally 6 078 to 6 046.
Wall Street opened with caution as traders watched possible labor unrest in France and tax talks in Washington. Activity totaled around 600000 shares with hot weather favorites Coca Cola Owens Illinois and Canada Dry rising early while most steels motors and rails fell back. The franc held steady while sterling climbed above 5.02, and bonds remained steady with mixed commodities as Congress eyed adjournment.
A Camp Fire rally in Marion featured court scenes, style shows, mock weddings, radio programs, and skits by Kenaya Chitaya Nakihopa and Wunicket groups with guardians and assistants guiding each performance. Centennial Encampment I O O F elected officers with installation set for July 6. Presbyterian Ladies Aid plans a Thursday tea and program at Mrs. Harley Erwin’s home.
The official board of the Methodist church will hold an important meeting tonight at 7 30 in the church parlors.
Mrs. L A Klump is slowly improving after a serious throat infection that caused her illness.
Mrs. James Bramwell of 762 Twelfth Street will host the Friday Bridge club Friday at 2 30 in the afternoon.
Miss Edna Roberts will present piano pupils in a public recital Thursday at 8 p m in the Christian church. Performers include Marilyn Fontaine Virginia Roberts Calvin Robison Jean Rian Louise Smith John Ross Bobby Coon Donna McCalley Margaret Ann Wallace Mack Towers Richard Schrimper Virginia Fairley Mary Elizabeth Starry Evelyn Ruth Duke Kathleen Etzel Vera Reichert Barbara Owen Jane Helen Newlin Mildred Sloan Melvin Arp Evelyn Fillmore Dorothy Fillmore Jean Marie Stamy Alice Frederick Phyllis Lanning Lois Frederick Betty Stanley Virginia Sloan Muriele Thomas Marjorie Towers Edith Hagerman.
The Newell Trimble division and the Woman's Missionary society of the Christian church will gather Friday at 2 30 at the home of Mrs I O H Brenneman Mrs Irvin Castle will lead the session.
Eighteen Marion high schoolers sat Iowa state academic tests in Iowa City on June 1 and 2 across 22 subjects. Eleven of the group placed in the top ten nationally with several top finishes in biology geometry economics physics algebra American literature general science English correctness and English literature. Notable results include Le Vernon Backer first in biology Billy Thomas fifth in biology Robert Hense second in geometry Sam Jackson third in economics and fifth in physics Helen Hamm fourth in algebra and Blanche Hamm tenth in English literature.
Mr and Mrs George Hutton Mrs Mae Turner and Mrs Luella Hutton returned from Cedar Falls after attending the commencement at Iowa State Teachers College Elli Ott Hutton was in the graduating class.
Mrs A C Young and Mr and Mrs K V Young with their son and Mr and Mrs V C Young and daughter were weekend guests of Chest Cramer in Des Moines for a Cramer family reunion.
F T Fox lodge number 319 of the Brotherhood of Railroad Trainmen will hold its meeting this evening at 7 30 in the Masonic temple.
Mr and Mrs W Beatty of Burlington Colorado with their daughter visited Mrs Beatty's brother and sister in law Mr and Mrs W E Reinsch. The Beattys attended their daughter's graduation from nurses training school at Rochester Minnesota.
The Theristriai club ended its year with a tea hosted by Mrs. W. G. Koppenhaver. Kirk Snell read, June DeWees played piano, DeWees and Bonnie Carey performed two duets, and Carey played two solo numbers. Ten guests attended with Mrs. J. T. Christie presiding, Miss Emma Klein among the guests, and the club voted two dollars to Thomas Park upkeep.
Delbert Pugh the high school principal will take special work at the University of Iowa this summer returning to Marion for weekends with his family. Margaret Wood and Margaret Schrubbe who taught in high school this year will also take summer school work at the university. Mrs Katherine Bogart also of the high school faculty will be on the university staff.
A grand council fire for all Camp Fire groups in Marion will be held Friday at 8 p.m. at Thomas Park. In case of cold weather or rain, the affair will be held in the American Legion hall. Camp Fire girls should meet at 7 30 p.m. Parents and friends are invited.
Mrs. Harry Snell will act as hostess for the Marion Shakespeare club, organizing a Thursday evening guest night picnic supper and program.
The Chitaya Camp Fire group will not hold a meeting this week due to the grand ceremonial Friday evening.
Mr and Mrs Walter Reinsch and daughter Margaret Ann spent Memorial Day in Dubuque visiting relatives and catching up with family.
Miss Patricia Heffron of Lost Nation is visiting in the home of her uncle, John Heffron.
Mrs Roy Guzzle has returned to Ottumwa after a visit here. The note confirms her travel from this area back to her home city.
The O. O. P. club held its annual family picnic Monday evening at Mrs. W. W. Vaughn's home. About forty attended the buffet supper. Mrs. Ida Hall was honored on her eighty fourth birthday with cake and a gift. Guests included Mrs. Howard Vaughn of Sacramento and Mrs. Harry Snell. Co chairs were Mrs. D. H. Smith and Mrs. S. A. Fontaine, with assistance from Mrs. O. M. Carson and Miss Sara Nott.
Mrs. E A Chapman of Nevada underwent a serious operation successfully at Iowa Methodist hospital in Des Moines on Monday. Chapman formerly resided in Marion and is sister to Mrs J T Christie who received the word of the operation.
Mrs Mary Hines has been visiting in Chicago and will return to Marion Wednesday night. Her niece Miss Kate Cunningham of Monrovia California will accompany her to Marion for a visit.
The Grace H Starr division of the Woman's Missionary Society met at Mrs Walter Kennedy's home on Tuesday. Mrs Bessie Golden led the lesson Treasures Sought and Found with Edna Roberts Amber Travis and Archie Milner as participants. A joint installation of officers of all missionary societies is scheduled for June 15 at Mrs Bert Emmons home, under Mrs R E Lehdigh. Refreshments were served to eighteen women.
The Four C s club will meet Tuesday afternoon at the home of Mrs Susie Berry near Marion. Miss Jane Scott a bride elect of this month will be honored at a kitchen shower.
Mr and Mrs E V Clark traveled to Coon Rapids to visit relatives, staying for a period as planned. The visit centers on family connection and local ties in the region.
New York dispatch recalls six Follies girls who vowed to dine together in 1916. At a Paradise restaurant table only Katherine Lambert remains, while Olive Thomas Lilyan Tashman Martha Mansfield Fifi Alsop and Bessie Poole had died in tragic or scandalous fates. Lambert honors the girlhood pledge with a toast.
Milo Porterfield, a high school student, is ill with pneumonia at Mercy Hospital in Cedar Rapids. His condition Tuesday was reported as slightly improved, but he is currently allowed no visitors.
Mrs C L O Kelly and her son Chauncey Edward were brought home from St Luke s hospital in Cedar Rapids on Tuesday.
Mrs. Howard Vaughn of Sacramento spent Tuesday with Mr and Mrs W W Vaughn and then traveled to Chicago where she met Mr Vaughn who flew from California. They plan to sail Friday from Montreal for a three weeks business and pleasure trip to England.
The Service class of the Christian church will meet for a picnic luncheon Thursday at 1 p.m. at the home of Mrs. C. A. Dykes. Members are asked to bring the usual picnic requirements including dishes silver sandwiches and an article of food.
The Gazette lists want ad rates and guidelines including daily line charges outside Iowa 20 cents, and instructions for placing ads by telephone mail or in person. It notes the paper’s policy on incorrect insertions and allows out of town readers to respond by writing to the Want Ad Department.
Miss Ruth Neill leaves Thursday for Des Moines to attend the American Institute of Business summer session. Her sister Miss Leone Neill, teaching at Blairsburg, will visit for the weekend and then return to Marion to spend the summer with their parents Mr and Mrs W G Neill.
At Tuesday night council session beer permits were approved for Earl Jacobs Violet Jacobs Hall and Woods Harold Ballard Roy Mack and Son C Y Wiseheart and Herbert Wes ling. Cigarette sales permits went to Edison Pharmacy Hallwood's Roy Mack and Son Harold Phillips C N Owen and Harold Ballard.
The park board appeals to citizens for support for Thomas and Mentzer parks as city funds are unavailable after a Tuesday meeting. Tax levy shortfalls and late tax payments compound the issue while women’s clubs have donated small sums. board members include Glenn Cheadle H. B. Leasure and Mrs A A Schenken.
The chain letter campaign moved through Seattle as cards urged Congress member Marion A. Zioncheck to resign. The message read keep this chain unbroken and asked recipients to mail one card to Zioncheck and then send five more within Washington. Origin traced to Wenatchee outside his district.
Mrs. C. B. Vernon was re elected president at a Tuesday meeting after a luncheon at Mrs. W. B. Sebern's home. Karl Kendall was re elected vice president H. F. Lockwood secretary and Frank Straley treasurer. E. M. Adams and J. J. Booth named yearbook committee. Booth reviewed Life With Father by Clarence Day.
A collage of classified items and notices from The Gazette includes a $25 reward for information leading to the arrest and conviction of anyone misusing Want Ads, a promotion for a booklet on diesel use, OTC tonic pricing, local cleaners and services, rapid loan offers, cautions about arranging vehicle transportation, Kodak film services, moving and storage lines, stomach and digestion remedies, local tailors and fabric services, rug cleaning, a rummage sale, jewelry repairs, a local hotel and room listings, and several miscellaneous advertisements and notices from area businesses.
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