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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 30, 1939
Page
13
Market news notes heavier hogs dropped up to 25 cents with lighter grades steady to 10 cents lower. Cattle held steadier amid meager receipts. lambs showed strength. Official Saturday live stock receipts listed cattle 100 hogs 300 sheep none.
July wheat futures drop over a cent amid liquidation and weak outside markets while corn hits seasonal lows. Traders note favorable weather, reduced demand, and political easing in Europe. domestic shippers report substantial cash wheat and corn movements as oats slide and lard futures ease.
Iowa hog price lists show varied values for weights from 140 to 550 pounds across multiple plants in Tama Waterloo Mason City and Austin with prices ranging roughly from 4.40 to 7.40 per hundredweight plus packer sows and cattle notes. Chicago livestock reports note hog receipts and price trends with top at 7.40 and per weight ranges for various hog categories.
U S Department of Agriculture notes cattle receipts around 400 with small lots dominant and prices mostly steady. hogs receipts 2 500 with unclear early bids and prices around 6 65 to 6 80 for butcher and good grades. sheep receipts 700 with native springers steady above 9 60 and Californias above 8 85, Idaho springers around 9 00.
U S Department of Agriculture notes hog receipts 1800 with prices mostly steady to lower, top hogs at 6.90 and 180-250 lb range 6.65 to 6.95. Cattle receipts 700 with fed steers and yearlings steady, beef cows steady, cutter prices weak, bulls down, packers bidding up to 8.50 on good dealers. Sheep receipts 2400, Idaho and native spring lambs above 9.50, shorn ewes down to 3.00.
cattle receipts 3500 with slaughter steers steady to weak and heifers 7 8.50, cows 5.50 to 7.00, bulls 6.25 to 6.85, calves and stockers limited. hogs 7000 with 15 to 25 cent drop, top 6.85 on light weights, sows down, pigs 6.50 to 7.5, sheep few with early offerings mostly odd lots.
Combined hog receipts at concentration yards and 10 packing plants in interior Iowa and southern Minnesota for the 24 hours ending 8 am Friday totaled 28 900 head, up from 22 600 a week ago and 17 900 a year ago. Prices varied by weight from 160 to 350 pounds with packing sow quotes ranging from 4.55 to 5.80 per hundredweight and barrows and gilts listed around 5.40 to 6.70.
Chicago AP reports live poultry receipts at 54 trucks with steady prices for leghorn and Plymouth Rock items, butter receipts at 1,399,802 with mixed price marks, eggs receipts 23,322 and steady pricing, market arrivals on track with total shipments 814 and a stronger but moderate demand environment.
Prices for various U S No 1 cottons and long whites across states. Alabama Arkansas North Carolina Virginia Missouri California show ranges from 1.75 to 2.25 with notes on decay, dirt, and ventilation affecting value.
New York reports mixed egg receipts with varied grades and prices. eggs average around 15 to 22 cents for different standards, with storage firsts at 1 cent. Butter receipts total 792,086 with firmness noted and prices for extra and firsts quoted. cheese receipts total 114,118 with prices unchanged.
Prime hogs and packers prices fell by 10 and 15 cents respectively on Friday. Top hog price reached 6.70 as 140 to 150 pound hogs climbed ten cents. Cattle held steady while sheep market showed spring lambs 65 to 80 pounds at about 8.50 with varying buck values noted.
The list from Adams Express to Zenith shows varied gains and losses across multiple sectors. Major leaders include Allied Stores, Armour & Co, General Motors, and International Paper with notable highs and lows among mining, utilities, and transport stocks.
Waterloo residents report a Friday wedding of Josephine Dawes and William H. Deerfield by Justice Ball. Dr A E Sulek returns from Fort Snelling after two weeks duty. A dance floor permit request for 3100 Robins Rd NW goes to police chief. The Gazette ads column promotes eastern Iowa dances. Earl Riggins injures back and wrist in a ladder fall and is treated at St Luke's. Charley Field reports first locally grown sweet corn for dinner. Mrs Arthur Gertsen attends funeral of her father A J Wyant in Omaha. Ernest Kosek hosts High Twelve at Roosevelt hotel with travel slides of West Indies and South America. Captain Gordon Hughes warns drivers to use Third Ave in the loop only when needed amid street work. Hawkeye Downs exposition hall contract to Frank Zobac and Sons approved. construction starts Monday.
The Linn County Board of Supervisors adjourned to June 20 1939 and met as a County Board of Review. It adopted a resolution establishing Secondary Road District No 139 in Linn County Iowa and approved related road district assessments, levies, and certifications to the State Highway Commission. Also approved were Special Assessments for District No 123 and 126, with total amounts and interest terms, and authorized tax corrections and relief actions including a leave of absence for Helen Bray and suspension-tax cancellations for Ellen Harper.
A Cedar Rapids market sheet outlines grain prices for No 1 wheat 61c No 2 59c and oats 28.5c to 40c for rye and barley and corn 38.75c to 37c. Butterfat 23c cream 22c and various poultry weights priced from 9c to 16c with live hens and leghorn categories. Fresh fruits vegetables and other goods are listed with prices for lemons oranges grapefruits celery lettuce onions cabbage carrots and more.
New York bond market faltered after an early rally amid rising tension over developments in Danzig. Trading was light with several small declines in corporate issues and a few resisting notes, while government and foreign dollar loans showed little momentum.
The New York financial page records Treasury 4% bonds at 121.80 and 3% bonds at 155 amid a government holiday observance. Federal Farm Mite listing and other market lines appear with varying prices.
U S Department of Agriculture notes only a few manufacturers active in Boston on Friday with moderate purchases. Prices ranged from 64 to 66 cents for good French combing length wools and around 29 to 31 1/2 cents a pound for grease, delivered to eastern users, with country fleece wools sold in limited lots.
New York AP reports a belated rally in the stock market led by aircraft, steel, and motors sectors. Transfers ran about 600000 shares as favorites climbed more than a point while many issues ended lower. Key gainers included Douglas Aircraft Boeing Glenn Martin U S Steel General Motors Chrysler AT&T Montgomery Ward du Pont and American Can. Utilities and energy names such as Lake Shore Pantepec Niagara Hudson Power and International Petroleum traded up, while Standard Steel Spring American Cyanamid Creole Petroleum slipped.
Market snippets show Winnipeg wheat futures with July to December quotes and mixed percentages. Chicago cash provisions list No 2 red and yellow wheat options, corn, oats, soybeans, and barley prices with bid ranges. Minneapolis cash grain notes receipts, No 1 soft red winter and durum prices with protein splits.
Wisconsin cheese quota figures for the week of June 26 to July 1 listed by the Wisconsin Cheese Exchange. Daisies 12 cents on a dry basis for cheddar at 12 cents. Farmers call board shows Flats 12 42 cents, daisies 12 2 cents, common dores 13 cents, horns 12 2 cents, cheddars 12 cents.
Friday trading data shows mixed movement across sectors. Rail shares rose for some grades while utilities and industrials posted modest gains. overall indices reflect slight net change with rails leading at 29,400 transactions and utilities at 37,600.
The Skonberg brothers nicknamed Big Swede Hjalmer and Little Swede Rudolph, aged 44 and 45, were in town again for a brief encounter amid a small in town gathering.
Victor Johnson aged 35 of Fourteenth Street SE and the Skonberg brothers were arrested after a fight near the dam. Big and Little Swede Skonberg received 30 day floater sentences and pledged to return to Davenport after pleading guilty to intoxication before Justice H R Churchill. Johnson elected to accompany the Skonbergs so his own 30 day sentence was suspended.
Joe Buresh of Western sues in circuit court over a landlord's lien for 4905 dollars alleging a Sept 1 lease by Marak Steffer Implement Co of Tipton for a one story Western building. He says 45 dollar monthly rents through Aug 1938 and now demands full sum under a 10 year lease with attachment sought. He claims lien covers machinery and equipment and that International Harvester Co now possesses them.
W. O. Ramsey of 1205 Third Street SW reported a person missing Thursday. Police opened an inquiry and requested any tips from residents in the area.
The report states Bernice Ramsey, 40, is missing since Tuesday night. She is described as 5 feet 6 inches tall, 130 pounds, brown hair, glasses, carrying two grips, with a small black Boston terrier. Sheriff James H. Smith's office issued the alert.
Mrs. May G. Stewart files appeal to the state supreme court challenging Judge John T. Moffit's March ruling in her $25 weekly payments case. Defendants Tribune Publishing Co. Fred Fitch and Joe McCormick Jr. deny any agreement. Mrs. Stewart was to be paid while she remained a Tribune stockholder.
State treasurer's receipt for 528.33 for full payment of inheritance tax in the Charles Woodward estate, who died September 10, 1938, was filed with Court Clerk Ed Lundquist Friday. Sheriff Jim Smith's office Friday investigated a theft of a 5-tube cabinet radio valued at 17.50. Mrs. Marie Cook said the
A resident of Troy Mills returned home at 11:15 p.m. Wednesday following a four hour absence, prompting police to investigate possible causes and ensure her safety.
Sheriff Jim Smith announces the courthouse office will stay open until 4 p.m. Saturday for license renewals. Last day to apply is Monday from 8 a.m. to 5 p.m. Applicants must bring their current license and pay a 50 cent renewal fee. By mid afternoon Friday about 24 000 applications had been filed here.
Mrs. Leona Kurth, 32, of 225 Fourth Street NW, suffered a wrenched neck at 8 20 p m Thursday when the car she rode in was hit by a car driven by 18 year old Louie Golad of 611 Eighth Street SE on Second Avenue between First and Second Street E. A E Schmidt, 34, of 701 First Avenue W, was at the wheel of the other car. Schmidt said he stopped for a light when the Golad car struck the rear of his vehicle. Neither Schmidt nor Golad was injured.
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