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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 27, 1938
Page
13
Hogs strengthened in active trading at Chicago with 10,000 hogs sold and top price of 8.90. Other markets reported mixed gains and steady to strong bids for cattle and hogs, with Columbus, Cleveland, and East St. Louis showing strength in several categories.
Receipts total about 18 000 with hogs 10 000 and cattle 1 500. Direct market hogs active and steady with weights 170 to 350 pounds fetching around 8 0 to 9 0 per cwt. Cattle receipts small, best steers near 9 00, cows mostly 4 50 to 5 75, bulls 6 50 to 6 75. Sheep receipts 7 000 with Friday trading fairly active and steady, California lambs 8 50 to 8 65, Colorado spring lambs 9 25 to packers, clipped lambs around 7 00.
Associated Press notes price ranges for hogs by weight in Mason City Waterloo Ottumwa with steady to higher shifts. Prices list numerous brackets from 14-150 lbs to 550 lbs and packers bids, reflecting market activity across these Iowa markets.
AUSTIN MINN AP Hog market data lists prices by weight class and category. Quote ranges include 150-160 lbs at 7.55 to 7.85, 170-180 lbs at 8.00 to 8.30, and heavier loads up to 325-380 lbs around 7.40 to 7.70. Packing sows also price between 6.90 and 7.50.
At St Paul and Omaha reports, cattle and hogs show varied demand. Cattle receipts 2 500 with steadier fed steers and yearlings, hogs 4 500 with steady to higher bids, sheep 300 with steady to cautious demand. Omaha hogs top at 8 6 5 for 215 248 pounds, cattle led by fed steers and yearlings around 7 75 to 9 50 per hundredweight.
Des Moines and Sioux City markets show combined 24 hour hog receipts at 17,000, down from 25,000 a week prior and 12,000 year ago. Prices rise 5 to 10 cents. hogs mostly 160 to 350 pounds quoted, packer lading and sow ranges listed. cattle receipts about 500 with steady to mixed quotes. sheep receipts 1,500 with limited offerings and lamb values around 9.00 per hundred.
Grain and produce prices for Cedar Rapids markets feature No 1 wheat 65 cents and No 2 62, oats 22 12 cents, corn shelled No 2 yellow 46, No 3 yellow 44, soybeans No 2 yellow 81, hay and straw priced per bale, butterfat at 26 cents, various live poultry prices, wholesale fruits and vegetables with lemons at 53.50, oranges 2.35 to 3.15, celery 2.50 per crate, lettuce 3.50, bananas 4 3 4 cents, onions 1.75 to 2.75, and cabbage 2.00. Hide market lists No 1 cured beef hides 5 cents, No 2 3 cents, calves 6 and 1 1 0 cents, horses 2.00 and 1.50, with ponies and tails noted.
Hogs rise on the local market with all grades up 5 cents and top price reaching 840. Cattle market remains steady as grains decline with wheat rye and corn weaker.
Wheat prices held in a narrow range on the Chicago board with an easy tone through most of the session. July wheat finished down about half a cent, while futures in December carried a small premium over September. corn and oats eased modestly as light trading and mixed Winnipeg and Liverpool action influenced sentiment.
Live poultry receipts show 45 trucks with various broilers and hens priced per dozen or pound, while butter and eggs inventories rise with mixed price offerings. Potatoes face moderate supplies and weak demand, with U S No 1 and Bliss Triumphs items priced, and New York markets show unsettled egg coloring and creamery butter shifts.
Wisconsin cheese quotations and dairy prices show slight movements with midweek averages for cheddars and process varieties. Boston wool trading remains dull with Texas wools quoted and sugar futures steadied while foreign exchange markets reversed intraday gains amid new tensions.
Senator Warren R. Austin voiced concerns that a $3.247 billion recovery bill pushes the United States toward a fate like ancient Rome. He cited mechanisms such as bread doles and Caesar’s use of confiscation and burdens on the wealthy as warned parallels to current policy.
Receipts Friday show 52 cars with trading basis unchanged from a year ago. Quotations list No 1 heavy dark northern and No 1 dark northern, No 1 hard Montana, No 1 red durum, plus No 3 yellow corn and No 3 white oats with prices and basis noted.
New York bond market edged lower on Friday as rails posted the steepest declines amid weak stock psychology and tight lending. Government issues were mixed with narrow downside, while a few corporates gained. Notable moves included Delaware and Hudson 4s around 5 points down, and several issues such as United Drug 5s and Interborough Rapid Transit 5s sharply lower. Some overseas issues firmed modestly, and U S government hands closed with Treasury and Farm Credit issues quoted.
Ralph McKay, 39, of Wenatchee Washington impressed officers with Cicero quotes and eloquent talk after being found climbing into a parked car at Third Ave and Eighth St SW. He said he slept in parked cars and box cars while in town for four days doing odd jobs. He studied chemistry at McGill and spoke of war experiences and four children living with his sister before being released. Detective Chief Earl Stanley and Bob Vlach planned to have him return for lodging and a shower.
President Roosevelt signed a bill allowing the treasury to have up to 30 billion dollars in bonds outstanding at any one time. The measure grants the government broader borrowing capacity to finance wartime and economic needs.
New York AP reports leaders edged higher in a rallying market on Friday as late buying helped some stocks post small gains despite a string of declines. Traders curbed purchases amid a clouded business picture with weak earnings and dividend cuts. Bonds slid and several sectors including carriers steels copper motors and utilities lagged. Notable names cited include Santa Fe Southern Pacific Northern Pacific US Steel American Smelting Kennecott Chrysler Cerro de Pasco and Douglas Aircraft.
Wall Street stocks listed by J E Bennet Company show broad activity with quotes from Adams Express to Zenith Radio. Major entries include Allied Chem, American Tel & Tel, Coca Cola, Procter Gamble, Illinois Steel, General Electric, and United Aircraft among others. Trade centers on price movements and notable named listings across banks, oil, and manufacturing firms.
J C Blodgett linotype operator was reelected president of Typographical Union No 192 at a Wednesday night meeting. R B Stahl was named vice president B R Abbey recording secretary and Louis L Melsha financial secretary E L King won a seat on the executive board C E Kratzer death created vacancy The three Federation of Labor delegates Weldon Klug J W Walterick and Blodgett were reelected The local backed C N Baker for International Typographical Union president over Charles P Howard with Baker leading an independent ticket
The executive board of the International Ladies Garment Workers Union voted to remain with the CIO temporarily while not abandoning its AFL affiliation. The union is currently the only CIO affiliated group not expelled by the AFL.
Floyd Hamilton and Ted Walters escaped Tyler after a running gun battle and were pursued by officers. They allegedly robbed the Kilgore baseball park ticket office of 111 dollars after a car chase and gunfire, with authorities issuing alerts to all Texas officers.
Tokyo AP reports Japan's revamped cabinet includes two retired generals and a prominent financier in top posts. Foreign Minister Kazushige Ugaki promises action while Deshin Ikeda outlines three policy aims: yen stability, Bank of Japan reserves, and easing import controls.
Chicago AP report says Captain Thomas Callaghan of the Chicago Secret Service head says investigation did not substantiate a claim that a threat against President Roosevelt was made at a Silvershirt Legion of America meeting on May 8. Jane Swan huyser had asked for an investigation.
Linn county officials hunt for two men who vanished after collecting about $100 for Center Point Independent ads in Cedar Rapids. One man named Wilson, about 23, 5 feet 7, brown suit, dark hair, left with the receipts and hostel telephone solicitation from a Cedar Rapids hotel. The other man is at large. Mahuran reports no proceeds turned over. Deputies pursue leads in the May 19 Independent advertisements.
With about half the expected ballots counted Claude Baker of San Francisco leads Charles P. Howard incumbent CIO secretary by about two to one as reporting from all sections of the country continues in the International Typographical Union election.
Mayor Frank Hague refused to accept a federal court decree settling most points in the Jersey City CIO dispute. The decree would curb city interference with peaceful picketing by CIO and ACLU groups, but Hague called it a compromise with red groups and rejected it. If not agreed, the case and a separate speech permit dispute would go to trial next Wednesday.
Price scales for two to seven day Want Ads allow savings of 25 to 40 percent per day. Ads can be canceled as results are obtained and charged only for days published. Cedar Rapids Gazette Eastern Iowa leading Want Ad medium Dial 2 1121 Ad Taker.
A mixed page of Lost and Found items and service advertisements. Items include a black and white female Boston bulldog named Duchess in the vicinity of 1st Ave and 1st St West with a reward. a blue silk dress, a jacket near 3rd Aves and 12th St with contact Sue. various ads for fur services, watch repair, insurance, car transport references, and local businesses such as MITWALSKY FURRIERS, KENWOOD TRANSFER, ALLIED Van Lines, and Prochaska Realty Co. Also notes a small reward for fraud prevention via Want Ads and general classifieds.
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