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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 08, 1939
Page
7
AP market summary reports Tuesday livestock receipts across Chicago, St Paul, Des Moines, Omaha and other cities. Hogs mostly steady to slightly lower with top around 7.25. cattle steady to modestly higher on fed steer and yearling demand. sheep active with strong appetite for prime lamb offerings. Regional prices show varied gains and declines among hogs, cattle, and lambs.
Lamson Brothers and Company supplies quotations for Chicago items. H R Mowrey is named as manager with a Cedar Rapids office at L H Bank Building and Merchants National. Contact numbers appear for inquiries.
Salable receipts around 3 500 cattle and 4 000 hogs with steady to strong demand. Cattle steady to strong with prime steers and yearlings above 1150 dollars per head, heifers around 9 50 to 10 50, cows 6 25 to 8 00, cutters 4 50 to 5 50. Hogs about 7 60 to 6 70 per hundredweight with most bids around 7 75 for good weights.
Feeder pigs and hogs show broad ranges with hogs around six dollars the price per hundredweight. Sheep receipts total about two thousand with best weights near nine fifty and red wool skins pushing toward ten dollars. Ewes reach up to four hundred twenty five dollars in scarce demand.
Hog prices remain unchanged from Friday with top at 680 and good hogs across weight ranges. Cattle also steady with mixed grades noted and calf and sheep markets shown with typical regional prices.
Grain and produce prices listed for Cedar Rapids area include No 1 grain, oats, rye, barley, and soybeans with various moisture, hay, straw, butterfat and cream prices. Local poultry prices feature colored and leghorn hens and roosters, with caneties and calf hides noted. Retail fruit and vegetable prices cover lemons, oranges, grapefruit, celery, lettuce, onions, cabbage, carrots, tomatoes, and potatoes with potato and sweet potato quotes. Hides and horse prices listed with half-price for pony and glue hides.
Live poultry and eggs show varied prices across 36 trucks with hens, broilers, and leghorns priced from 12c to 21sec per lb, with turkeys and ducks also listed. Butter receipts steady around 22-24c, eggs steady with extra firsts and standards. potatoes and cheese prices noted across multiple varieties and regions.
New York traders noted local traction issues as leadership in a lethargic bond market shifted Monday. Near midday bonds rose a point or more on hopes of unification, while gains elsewhere were modest and some losses occurred. US government loans edged up, while some issues fell back. Traders avoided foreign loans as they weighed Germany and Italy military alignment.
Modest trading marked the session as volume lagged with about 350000 shares. Early gains faded with declines in steel stocks but many issues closed with modest gains. U S Steel Chrysler Douglas Westinghouse du Pont Philip Morris Caterpillar were weak while Montgomery Ward Sears Goodyear stayed resilient. Bonds and commodities varied as European markets rose overall.
Wall Street quotations list numerous stocks with prices from Adams Express to Youngstown and other major firms, while Mississippi River stages show Davenport La Crosse Dubuque and Memphis readings with fall changes. The page combines market data and river gauge updates in a single daily record.
Beneficial showers across the southwest winter wheat belt pushed wheat on the Chicago board of trade lower. May futures slipped to a softer tone, with corn and oats down modestly. Minneapolis spot quotes showed lower wheat and grain prices across several classes as buyers adjusted to the moisture’s likely aid to crops.
The report lists May 8 13 cheese quotations from the Wisconsin cheese exchange with various licenses and types, and details U S Department of Agriculture wool quotations in Boston for spot and country direct lots. It also includes a table of stock and bond figures with minor price changes.
A dozen large wholesale food dealers are named as buyers and sellers in an FTC action alleging violations of the brokerage section of the Robison-Patman act. The case centers on Modern Marketing Service in Chicago acting as agent for buyers while receiving seller commissions funneled back as services to the buyer group.
Mrs. N. W. McBeath of Des Moines chosen assistant moderator. The Rev. P. A. Johnson of Grinnell, retiring as superintendent after 31 years, elected superintendent emeritus. The Rev. L. J. Weinert of Spencer elected scribe and the Rev. Clarence Hanscom of DeWitt assistant scribe.
School district presidents of Linn county meet at 1 30 p m Tuesday at the courthouse to elect a county school superintendent for a three year term and three members of the six member county board of education for six years. Incumbent Walter A. Shupp of Cedar Rapids is the only candidate filed by Monday noon. Remaining term expirants are I L Gritman Walker L G Hall Coggan and Nellie Hartung Mount Vernon.
Des Moines INS reports the WPA billed the state 22.95 for mower repairs after a WPA worker spent 34 hours servicing state lawnmowers at the fairgrounds. The executive council was informed and the bill was temporarily tabled.
Classified listings show manufacturers and funeral homes offering monuments and memorial items, plus services from watch repairs to moving. Advertisers urge readers to submit references for auto transportation and note a $25 reward for fraud prevention.
A. G. Bush, a Davenport lawyer, was elected moderator at the final session of the Congregational Christian Churches of Iowa conference in Davenport. The ceremony outlined church leadership changes and set the agenda for upcoming regional meetings.
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