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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 18, 1940
Page
2
Unofficial Monday livestock receipts show hogs 300 test market, cattle and sheep lean. Markets report little change despite war news, with hogs and cattle varying by region from Chicago to Omaha and Sioux City as buyers test prices.
Hog prices dropped 30 cents on the local market Saturday with top hogs at 5.35. Cattle prices were steady with top calves around 8.00. sheep and lamb figures incomplete but noted.
Grain and farm prices include No. 1 wheat at 85c and oats at 40c. Butterfat 26c, eggs and produce rates listed. Poultry prices cover hens, roosters, and chicks. Fruit, vegetables, and potatoes priced with crates and cartons. hides and horse prices noted.
New York AP reports stocks slid to two year lows amid ongoing war fears and delayed tick data. Major issues dropped one to four points as trading slowed with about 1.5 million shares traded. U S Steel Bethlehem Youngstown Sheet Republic Steel steadied late as other firms faced renewed pressure.
Saturday stock quotations show Adams Express Juneau Alleshany Allied Chem Allied Stores Nickel paper groups and many U S industrials led by Anaconda Coal Iron Ore and General Motors with notable listings from Bethlehem Steel Chrysler Motors Packard and Motorola amid broad market activity and price standings across multiple sectors.
Markets show steady butter receipts at 1 046 648 and weak egg receipts 44 218. Potatoes arrivals 106 on track 218 total U S shipments 407 old stock. Idaho russet and other varieties offered with moderate demand and firmer undertone. California jumbo white washed prices and Florida and Louisiana items listed with standard storage figures.
A renewed selling drive hit the bond market on Saturday with prices rising fractions to more than two points. Domestic and foreign loans traded neck and neck, while overseas losses were led by France, Japan, Canada, Brazil, Denmark, and Milan. US government issues faced renewed pressure amid declines, with International Telephone, Bethlehem Steel, Postal Telegraph, Nickel, Remington Rand, and Firestone among notable names affected.
Chicago traders watched corn futures climb from early lows as war news kept wheat, rye, and oats under pressure. Wheat dropped 5.74 to 7.34 cents. corn fell to 2.41 on May. oats eased to 3.? cents. rye slid to 4.12. Buyers surged in corn, while Winnipeg and Midwest markets showed mixed strength amid favorable rains and moderate temperatures.
Winnipeg market notes show wheat bids with May and July closes around 69 and 68 of a cent, plus miscellaneous price lines. Minneapolis cash grain receipts reach 209 cars with No 1 dark northern and hard winter prices listed. No 2 red durum and amber durum values also reported alongside corn, oats, and barley quotations.
Wisconsin cheese exchange lists May 2025 prices with 13c to 12c quotes for various varieties. Boston wool market steadies after a midweek dip with activity centered on original territory and Texas, grease and delaine grades quoted 34 to 38 cents for crossbred and blood fractions.
Senator Key Pittman announced a bill to authorize U S government arsenals and shipyards to build warships and arms for Latin American governments. The measure, backed by the State Department, has passed the House and moved through the Senate committee favorably.
Mrs Anna Frances Pavelka died suddenly at her Solon area home Friday evening from a heart attack. She was born February 11 1878 on the family farm. She leaves husband Joseph F Pavelka four daughters and a son Leonard plus ten grandchildren and one infant daughter preceded in death. Funeral service Monday at 930 am at St Peter and Paul church near Solon. Burial in church cemetery. Friends may call at Brosh funeral home Solon.
Funeral services for Frank H. Wasson Jr who died at the home of Charles Kroul east of Shueyville will be held Monday at 2 pm in the Brush chapel. The Rev Mr Moretus will preside. Burial will follow in Oakland cemetery near Solon. Friends may call at the chapel.
Marion residents Mr and Mrs Emery J Miller and family returned from St Paul where Ruth Ostrander and John Miller performed cornet and piccolo solos. Bonnie Carey placed second in piano solo among 50 contestants. Charles Burmingham earned third on tuba. A tea at the Christian church supported the Southern Christian Institute dormitory fund.
The Gazette reports opening games in the Delaware County league with Ryan hosting Quasqueton and Delhi. Winthrop makes its league debut at Delhi while Manchester heads to Delaware for the opener. Lamont hosts Masonville as the rivals begin, and Quasqueton meets Ryan in a historic renewal. In Sunday action Winthrop beat Lamont 6 4, Delaware lost to Ryan 8 3, Masonville defeated Delhi 12 5, and Quasqueton edged Manchester 3 2.
Green Hornet Inc and Public Finance Service of Cedar Rapids file corporation articles with Cedar Rapids recorder. Officers named Lealand Knowles John Cummins and George Sadilek for Green Hornet Inc. Public Finance Service lists R W Landis Marshal Hickman and Erwin Wasta as officers. Judge H Ring set May 22 for Adelman writ of certiorari challenging Mary Haskins guardianship. J E Colton named guardian in January. Hoffman, nephew, seeks to annul proceedings.
Judge H C Ring discharged John Coons from a $53422 judgment from Oct 7 1938 after release as to co defendant Jack Skalicky. The judgment was deemed indivisible and satisfied by the March 14 1939 release. Separately, a Chicago plaintiff’s auto accident suit against Allen Motor Co was settled with prejudice. Wanda McPheeters seeks divorce from Don McPheeters citing cruel treatment and custody of their son.
Marion Baptist led by Rev. L W Inman holds Bible school at 9 45 a m and morning worship at 10 45 with sermon What a Christian Must Do and Believe No evening service due to union service at Methodist church Midweek prayer and Bible study Wednesday at 7 30 at the church St Josephs Catholic with Rev T J McElliott to celebrate mass at 9 and 10 am Christian church led by Rev Vernon H Carter with Bible school at 9 45
A list of worship times and sermon topics for multiple churches including morning worship at 10 45 and 11 00, sermon topics such as The Miracle of the Church and The Rebirth of the Church, Sunday school at 9 45, and various youth and union services. Evangelistic services noted for a coming week.
New York AP report states John H McGloon former controller of the 87 million McKesson and Robbins was found guilty on a single SEC count in a federal trial. Co-defendants Rowley W Phillips and Horace B Merwin were acquitted on all counts. two former directors were cleared of complicity.
Multiple brief items advertise watch repairs from Probasco Jeweler and new mainsprings, van lines and moving services, a ride share to Dallas, delivery of graduation numbers, and requests for transportation references. Also notes undisputed statements and small notices from local businesses and individuals.
Local classified style ad lists beauty shops and services including permanent wave specials, salon locations such as Lovely Lady Beauty Shop and Stark's Beauty, plus lawnmower repair, painting, hauling, and other household services with contact numbers and addresses.
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