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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 08, 1933
Page
2
The report shows dairy products led gross U S farm income in 1932, surpassing cattle hogs and sheep. Cotton grains and poultry slumped, while vegetables and dairy expanded farmers' cash returns despite overall declines from 1929 to 1932.
The Iowa Live Stock Exchange announces a regular sale this Friday March 10 at Clow Stockyards Marion Cedar Rapids Iowa. Buyers from Wisconsin Michigan Detroit Chicago will attend for well broke horses weighing 1200 to 1600 pounds. Auctioneers Totedom AGW and ScumitZ promote cattle hogs and horses with loads from New York Montana and beyond.
More than 100 eastern Iowa truckers and farmers met in a Des Moines garage to draft protest resolutions against a pending Senate Bill. About 500 are expected to meet Tuesday at the call of the Iowa Truckers Association and allied groups to oppose the proposed truck regulations and attend a scheduled hearing.
Wheat surplus in the four principal exporting countries on Feb 1 was slightly less than a year earlier. The USDA reports reduced European stocks from the 1932 harvest and potential shipments could mirror 1932 levels, affecting carryover. Prices fluctuated in London and U.S. markets, with early January gains fading by mid February. The report notes unsettled tenancy moves and local farm conditions. A Randalia elevator sale to Claude Carroll of Predieka was reported, with John Carroll of Sumner to manage.
The study by W G Murray shows about 11 to 13 percent of Iowa farmland sold at sheriff foreclosures from 1921 to 1932 with some farms sold multiple times. It notes mortgage debt rising from 1910s levels to 1932 averages, high per acre values, and a mortgage crisis driven by low prices for corn and hogs.
Grain shipments were restricted as checks and bills of lading could not be released. Officials expected treasury authorization to release funds for feed and food movements. Traders anticipated resumed trading by Wednesday and prices to rise after financial readjustments.
The piece notes that in 1936 forty four percent of land sold at foreclosure carried deficiency judgments and in 1932 more than seventy four percent of sales were followed by such judgments, highlighting tax and court cost impacts.
Telegraphic from Henry A. Wallace shows all markets except Chicago stay open as the government plans to modify the moratorium to finance food shipments. Proclamation by William E. Woodin confirms the move as markets brace for potential reopening terms and price shifts. Hog and cattle sales show strong prices with Chicago futures cited at top level since 1932.
Dr T E Melhus of Ames urges Iowa housewives to demand Iowa beet sugar to aid the state’s sugar industry and farm economy. He notes U S per capita sugar use about 90 pounds and Iowa consumes over 200 million pounds, while local beet sugar production still ships much out of state. Seventy thousand acres would be needed to grow beets for Iowa’s consumption. 7000 acres are currently in beets in northern Iowa.
Ames extension service reports 40 percent rise in canning in 1932 across eighty Iowa counties. Training schools, 1,267 demonstrations, and 11,500 participants aided families in preserving fruits and vegetables. Farm Bureaus and clubs joined with schools for storage drives and relief aid during winter.
Krizer of Mahaska county told Delaware county Farm Bureau meetings in Hopkinton Greeley Earlville and Manchester that too many officers and deputies must not be deleted. He urged sane public expense cuts and opposed repealing the teachers minimum wage law while calling farmers to join any organization for agriculture.
Mrs Archie Minish assistant leader of the Peppy Pals girls 4 11 club led a Saturday meeting at Fern and Olive Wetzel home. The group talked wallpaper curtains for a girl’s room and Fern Wetzel discussed Negro spirituals while the group sang several numbers.
Ames reports that treating barley seed with Ceresan dust costs about 10 cents per bushel. Three ounces per bushel is the recommended rate. Tests show many seeds germinate poorly due to late 1932 scab. treatment can boost germination and yield.
Center Junction farmer William Wilcox shipped twenty two hogs to Cedar Rapids by truck after Chicago market closure. He also has twenty cattle ready for market but will hold them in feed lot until Chicago firms reopen.
Seven directors were elected Saturday at the annual meeting of stockholders of the Farmers' Grain company in Watkins. Named to the board were James Gibney, William Oberreuter, Joseph C. Schmidt, Henry Brecht, Jack Boddicker, John C. Becker and George Walters.
Paul Moore of West Branch will speak at a Linn County Farm Holiday association meeting in the Alburnett high school auditorium Friday evening. Farmers and all interested in the farm situation are invited.
MOUNT AUBURN Cedar Rapids based Wilder Grain reopens the local elevator with J A Healy in charge. Grain and feeds will be handled on carload lots as before.
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