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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 09, 1934
Page
13
The market reflects higher hog prices amid late buying and grain market strength. Receipts in Chicago and across major yards show a broad uptick with top hogs advancing, while cattle and sheep trade remains firmer in spots and steady in others. Prices vary by weight and class, with feeders and sows showing mixed gains.
Chicago and New York market notices show firmer and steady dairy and produce prices. Butter and egg receipts list mixed color eggs with various standards and firsts, while live and dressed poultry remain mostly unchanged. Potatoes and onions show modest gains and steady shipments, with futures for eggs and potatoes closing higher on some contracts.
New York bond market shows uniform early upward drift in government issues while corporates trend uneven. Treasury certificates maturing March 15 at about 4.6 billion face limited supply. Liberty bonds rally modestly with US government issues buoyed by light new financing. trading slow in foreign sectors and corporate lanes.
Chicago market notes show hogs at mixed to higher quotes with 15000 head, 4909 active direct, mostly 10 higher. sow prices varied by weight. Cattle receipts about 2,500 fed steers, heifers, and cows with prices generally higher, demand steady, and quality grades improving. Sheep and lamb bids similar, with openings around steady. Omaha and other sales mirrored activity, with feeders and stockers trading firm to steady values.
A garbled OCR item from Cedar Rapids lists scattered proper nouns, places, and numbers including Belgium and Denmark references, several asterisks and stray phrases, with unclear dates or events. The fragment mentions TORPION PXCHMANGE and various country names and numeric codes, yielding no coherent story or actionable detail.
In Chicago Wheat and oats fell on broad liquidation across the grain floor. May wheat slipped to 85 1/2 cents, lowest since January, while May corn and oats also traded near daily lows as stop orders and short covering limited losses amid mixed crop signals from the southwest and Midwest.
Grain market brief with Chicago and Minneapolis cash grain quotes for wheat corn rye barley timothy clover seed and lard. Prices listed include No 1 No 2 No 3 and sample grades with bid receipts and futures notes for wheat durum and corn with notable price ranges and delivery months.
Market notes from the seed and flour sectors show API seed lots offered in warehouses with cash price details. Flour trading in Minneapolis area lists barrel prices and related goods such as cotton sacks and bran. Sugar market in New York reports quiet trading with futures up one point and refined sugar steady at 4.50.
Seven men linked to a penny sale of livestock and grain belonging to John Klaren, tenant on the J T. Allen farm northeast of Waterloo, were indicted by the Black Hawk grand jury on charges of resisting a legal process. Indicted are Howard F E Mc Dougall auctioneer Thomas E Connor John Reuter H W Miller Jacob Birtsch Bill Brown and Dan Jones. Floyd county residents Bill Brown and Dan Jones.
The lighter prime hogs are slightly weaker after a nickel drop Thursday. Prime hogs stay steady overall while packer grades rise by a dime. Prime top falls to 3.95 per hundredweight. Calf market shows good to choice 130-190 lbs at 3.00 to 5.00. Sheep and mutton prices include fat lambs and buck lambs with varied quotes.
U S stocks rallied late in a choppy session with U S Smelting up four points and International Nickel gaining two. American Telephone and Johns Manville rose about a point or more, while aviation shares advanced early on air mail private-carrier news. Indecision persisted as traders awaited impulses from Washington, with leads from the Potomac scarce and most groups holding a restricted range amid mixed bond activity and firmer metals pricing.
Carl Dougall, 49, of 209 Seventh Avenue SW, was jailed after police found he had struck his wife and fractured her upper jaw at 1:40 a.m. Thursday. Mrs Dougall and her daughter urged arrest. a doctor confirmed the jaw fracture. Dougall, unemployed, had threatened to shoot his family while intoxicated.
Iowa's beer bill allows 4 percent beer for retail sale and higher powered beer for out-of-state shipment. It requires 66 2 3 percent barley malt after July 1 and creates three permit classes A B C with local boards issuing B and C permits in certain villages. It bans free lunch, restricts near schools, permits refrigerated beer for off premise use in original containers, and imposes a $1.24 per barrel wholesale tax with labeling proof of alcohol content.
Washington report states that Japan plans more warships to match U S construction. Chairman Carl Vinson of the House naval committee says the American program stays within naval treaty limits designed to reduce suspicions of a naval race.
Washington AP North Dakota appealed to the Supreme Court on Thursday to overturn a three judge federal court injunction restraining enforcement of the state wheat embargo.
In Kenil New Jersey a massive explosion tore through the dynamite packing house of Hercules Powder Co. Four men were killed identified as Thomas McCahill, William Gustin, Vincent Parozzi, and Robert Clie after a check of company personnel lists.
Two promoters of a tree trimming racket were sentenced to seven years in Fort Madison for swindling Mrs. Margaret Nordeck of Iowa City out of 90 dollars. Wilbur Pottle of Washington Indiana and Maurice Winn of St. Louis Missouri pled guilty to obtaining money under false pretenses after posing as tree surgeons and claiming treatments were required to conform to state law.
In Mangum Oklahoma Walter Phillips uncovered a tooth over a foot long weighing fifteen pounds from a sandpit at twenty-two feet depth. Dentists identified it as a prehistoric mastodon, near the site of a former mastodon jawbone discovery.
Henry Ford promotes a back to the land movement arguing independence for farmers and a shift from staple crops to new crops. He notes Ford farms in Michigan experiment with soybeans for oil used in car paint, advocates school programs growing vegetables, and envisions intelligent farming paired with chemists to develop new crops for industry.
Justice agents may enforce NRA codes as negotiators from capital goods and consumer goods sectors meet Johnson to present a program. The plan centers on credit for capital goods recovery, with a tentative 10 percent hours reduction paired with a 10 percent wage increase. NRA aims to extend long term credit via industrial banks and seek White House enforcement guidance.
John P Looney former vice lord of Rock Island Ill serving 14 year sentence for murder will be eligible for discharge April 8. Warden Frank D Whipp of the state penitentiary disclosed. He will have served eight years and three months of the sentence for the slaying on July 31 1922 of Bill Gabel saloon keeper. Looney's conviction capped a campaign against vice and crime in Rock Island that cleaned the city of dives and drove out an extortion ring that had thrived by blackmailing illicit business.
Philadelphia AP reports Edwin D. Solenberger of the Children's Aid Society notes blonde baby girls under one are more popular with prospective foster parents and girls of all ages are preferred to boys, with baby girls typically receiving first consideration.
In Lima Ohio deputy Wilbur Sharp testified Pierpont as the man who shot Sheriff Sarber during the October jail raid that freed John Dillinger associate. Sharp identified Pierpont in court as the killer while recounting the raid and murder take place with Sheriff Jess L Larber and Mrs Larber present.
In Marion the Pris cilla guild of the Congregational church held meetings across three divisions with picnic luncheons at homes on Eighth avenue and plans for future projects. A tea for March 15 was discussed. Choir practice ended with a chop suey lunch for seventeen at the Kennedy home. The Nowell Trimble division of the Woman's Missionary society met at Mrs. J Roberts residence with a Japan and Philippines program.
Alfred K. Stern notes U S government plans to develop Virgin Islands with private venture. Taussig and Rexford Tugwell aid, exploring extension to Porto Rico faced opposition. Government to own land, employ workers, blend Cuban Haitian rum, and market Virgin Islands rum in two years.
CHICAGO INS The 63 year old physician Dr Alice Lindsay Wynekoop lies in a semi stupor at the county jail following a jury verdict finding her guilty of the operat ing table murder of Rheta Gardner Wynekoop her daughter in law Sentenced to 25 years she remains under close watch by jail physicians as pleas for a new trial are heard on March 24 and her heart ailment is noted by visitors
Public works allotments announced include Iowa Newton with a 3000 dollar mus tank grant Odebolt 3700 dollar water works improvement Muscatine county 24000 dollar bridge and Marion 20000 dollar loan converted to a 6000 dollar grant in full.
Paris report says former King Alfonso and Queen Victoria plan to visit their son, the former Prince of the Asturias, for the first time since his handling marriage to Cuban heiress Edelmira Ignacia Adriana Sampedro. The royal couple, once distant after the match, anticipate becoming grandparents.
Neueste Nachrichten reports mass heimwehr concentration around Kufstein in Austria with artillery. Observations posts and machine gun emplacements are being set up along the border amid growing military build up.
The Ledica Ald Methodist society’s divisions held varied gatherings including Sunshine Rainbow Loyal True Blue Keystone Gleaners Comforter and Endeavor groups with games picnics and sewing sessions. Hosts and locations spanned multiple homes with plans for April events.
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