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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 08, 1935
Page
15
Chicago market reports waning demand for hog products with top price around 10 dollars though smaller hogs 250 pounds and under showed gains. Weights above 250 pounds moved lower while sow prices softened amid light receipts and continued competition among buyers.
Chicago and St Paul report hogs, cattle, and sheep trading with mixed gains and declines. Hogs steady to 10-25 cents lower in heavy runs. cattle receipts around 2,000 with varying steer and heifer prices. sheep active with steady to higher bids for lambs and yearlings. Des Moines notes 13,900 hogs from 24-hour period with prices generally steady to lower.
Only slight changes occurred in the local hog market Friday with adjustments in grades. The top price remains at 9 dollars 50 cents per hundredweight, indicating stability at the peak value.
Grain prices for wheat corn oats rye and barley listed with shell and ear prices. Produce items include hens various weights, eggs, fruits such as oranges grapefruit lemons and bananas, potatoes, lettuce, celery, cabbage, beans, onions. Hides and pelts priced by grade, plus pony and horse feed terms.
AP market brief shows butter receipts 16 688 and 33 409 at New York and Chicago with prices 25 99 to 26 ac, cheese at 132 576 receipts with prices steady, live poultry trades unchanged, potatoes in supply light demand steady, noting various regional lots and weights for Burbanks Idaho russets and other varieties.
Chicago markets show butter futures closing storage standards and egg futures with refrigerator standards noted. The brief entry highlights dates around November and June with July and October references.
Foreign exchange rates show little change across major currencies with buy and sell figures listed for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czechoslovakia Jugoslavia Austria Hungary Roumania Argentina Brazil Japan and others. In New York spot markets quiet at $334 with no reported sales. futures opened flat to up slightly with limited activity and mid day notes indicating overall net unchanged. refined sugar remains at $525 with continued withdrawal demand.
AP report notes medium fleece wools from the Midwest offered at 27 28 cents and some 26 cents delivered east, with 50s and 48s 56s 3 blood lots present. Boston houses report steady spot prices for greasy domestic wools amid varied buying activity and mostly unchanged quotations compared with two weeks ago.
Chicago traders showed scant buying interest as wheat futures fell about a penny and a half, with May at 825 and other grains mixed. News cited monetary and political uncertainties, hedging season, and favorable spring wheat news but weaker winter wheat conditions, while cash markets and receipts varied across commodities.
AP price list shows cash grain quotes in Chicago for wheat corn and soybeans. No. 1 red wheat 85 4c No. 2 mixed 72c No. 3 mixed 64c 70c for No. 4 yellow 64c No. 2 yellow 87c No. 3 yellow 84c No. 3 white 90c oats and rye listed with small lots. Barley feeds 45 80c. Timothy seed 9.75 per cwt Clover seed 11.00 per cwt. Lard prices and variations noted.
Minneapolis cash grain receipts show 91 cars Friday vs 41 year ago with No 1 northern wheat around 1.01 to 1.09 dollars per bushel, dark northern 15 percent protein about 1.06, various durum and hard amber values. Corn No 3 yellow about 0.79 to 0.87, oats No 3 white near 0.36 to 0.38 with multiple grade quotes and shipment notes.
Market notes show 10 cent fall in carload flour pricing in Minneapolis. Sacks weigh 98 pounds and shipments mix bran and middlings with quoted prices around 685 to 705 per barrel and 254.25 for middlings.
Camp Sten near Maquoketa opens June 16 with four periods for Scouts through June 30. Afterward it serves Clinton and Dubuque Girl Scouts for several weeks. Camp Blackhawk at Clinton Y also along the Maquoketa river opens Sunday June 9 with a girls group starting the season.
Stocks drifted in a slimly mixed session with modest gains for Union Pacific Santa Fe American Telephone Johns Manville U S Gypsum Spiegel May Stern and Liggett and Myers B while utilities oils and metals held near unchanged and some rails edged up. Trading volume neared 650000 shares as investors watched Washington and foreign developments for clues and grains fell on rain reports with bonds steady and gold currencies firm.
New York traders held prices in a narrow range with limited activity across groups. Utility loans remained firm, while most gains were modest as investors awaited clearer buying levels. several issues edged up and others slipped, with government bonds showing mixed moves in early US Treasury notes and Liberty issues.
Transportation Coordinator Joseph B. Eastman urged sweeping reforms in rail rate structures and terminal handling, endorsing interchangeable containers and lighter short trains to cut costs. He called for unified tariffs and simplified classifications, aiming for a coordinated transport system across rails, waterways, highways, and pipelines.
Mrs. John Perigo, 65, died at her Forest Chapel home from a cerebral hemorrhage. Survived by husband and daughter Mrs. James Meeks. Funeral at Forest Chapel church Saturday at 2 p.m. Center Point plans July 4 celebration with new officers Bill Peterson president Howard Holman secretary Ross Lockhart treasurer. Walker vs Center Point ball game and other events listed. Chris Schlarbaum injured in crash near Mount Auburn. Nick Meier injured. Williams burg hosts Barn yard jamboree for kittenball funds with local cast listed. Andrew Schellhaus funeral held in Benton county after long illness. born Dec 28, 1871 in Benton county. survived by wife Fannie Wilson.
Augustana College moves to elect a new president as Dr G A Andreen reaches retirement age after 34 years. Dr Conrad Bergendorf is nominated. synod praises Andreen and notes higher 1934 membership and contributions.
The special House committee seized the complete files of the Food, Drug and Grocery Chain Stores of America, Inc. from its National Press Building offices under a subpoena. The organization includes 160 member groups of major chain stores.
The United States fleet in the North Pacific staged a smoke screen demonstration during annual naval exercises near Hawaii. Aircraft released white smoke while battleships sent black trails across the water as the fleet headed toward San Diego.
Elimination of hazards at the hairpin turns of the Indianapolis speedway was studied after four deaths in 1935. Col E V Rickenbacker, president of the speedway association, said partial rebuilding plans were proposed but no definite changes announced yet.
Traer event reelects Adolph Dengler as president and officers William Kroeger Mrs. A J Danker and Charles Paustian Jr with a slate of directors from Dysart Reinbeck Beaman Tama Clut ter Buckingham and Gladbrook. One change in ap praissers Henry Dahms replaces Henry StorJohann as of year start with total risks in force $7 397 947 including $65 942 new policies since January 1.
Ad rates table explains pricing for consecutive days for Gazette Want Ads. Out of town readers can respond to ads that list only phone numbers by mailing a letter to the Gazette Want Ad Department. Dial 2-1121 for ad-taker assistance.
Lost and found ads span fox hounds gloves watches trousers and money with rewards. Multiple calls urge contact or dial numbers for returns while business services and moving ads flood the column. A stray Holstein cow and a Scotty dog are also listed in this chaotic roundup.
Announcement for Swisher Pavilion Bat June 8 with gate 40c for men and 35c for ladies and a note to watch this column for future dances.
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