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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 29, 1940
Page
8
Market news shows hogs steady to Tuesday's averages across Chicago Sioux City Omaha and other yards with top prices around 5.50 to 5.18 for various weight classes. Cattle and sheep receipts remained sizable with steady to strong demand and mixed gains on selective runs.
Receipts include hogs 2 000 strong with prices up 10 cents. 180 240 pounders 5 10 to 5 25 top 5 25. 240 280 pounds 48 to 51. 290 250 pounds 4 50 to 4 80. 350 170 pounds 1 35 to 1 50. Cattle receipts 250 calves 200 slaughter steers and heifers strong to 5 higher. light weight steers 29 00 to 9 50. best heifers 9 50. cows and bulls steady to 25 higher. feeders and cutters 4 25 to 5 50. top hogs 10 75. Sheep undertone steady. old classes dull. medium to good lambs 9 25 to 9 50. no spring lambs offered.
Hog prices rise modestly on the local market with all grades up five cents. Top hogs range around 5.10, while cattle values hold steady. The report lists varying weights and prices for good hogs, packers, and beef grades, plus calf and lamb figures for the day.
A Cedar Rapids market listing shows grain and hay prices for No. 1 and No. 2 wheat and oats, rye, barley, corn, buckwheat, soybeans, and straw. Livestock prices cover poultry including hens, Leghorns, roosters, and hengers, plus wholesale fruit and vegetable prices for lemons, oranges, grapefruit, celery, lettuce, onions, cabbage, tomatoes, carrots, cauliflower, and potatoes. Hides, calves, kip and horse rates are noted, with pony prices not fully clear.
In Plymouth Wisconsin the Wisconsin cheese exchange lists varied prices for cheddar and other dairy products with small changes noted. In Boston the wool market saw a few sales on spot medium fleece wools with prices around 37 to 38 cents grease. other offerings for shipment showed lower rates and demand was light.
New York bond market posted modest gains by noon amid slim trade. Foreign issues including Denmark 4 1 4 and Belgium 6 1 4 moved, while U S government loans showed small increases. Corporate issues such as American and Foreign Power 5 and Commonwealth Edison convertible 3 38 also traded among a broad tape of securities.
In New York on Wednesday stocks edged up a point amid a war laden session as traders held back on bold moves before Memorial Day closing. Bond and commodity markets followed the cautious rise with about 650000 shares traded. Major gainers included General Motors Chrysler U S Rubber Caterpillar Sperry Eastman Allied Chemical Johns Manville DuPont American Can Kennecott Phelps Dodge American Telephone Western Union Chesapeake and Ohio and others.
Wheat futures edged up on Chicago and Winnipeg boards while improving export prospects supported gains, though favorable weather and crops limited advances. Corn fell slightly, oats and rye moved modestly, soybeans mostly steady. market activity showed heavy Winnipeg and Minneapolis action with ongoing war news as a backdrop.
Chicago and New York markets show steady butter receipts around 1.16 million in Chicago with creamery near 91 score. eggs about 42k receipts steady. Live poultry receipts 43 trucks with varied weights. potatoes arrivals 65. California long whites strong. US No 1 prices around 2.70 to 2.90, commercial under ventilation about 2.40. New York eggs receipts 52,760 weak with color variation. butter 1,200,070 easier. cheese steady.
The market summary shows J Jones averages rising across multiple sectors with gains in bonds rails utilities and industrials. Key figures include 40 bonds at 83.34 up 0.28 and 10 higher grade rails at 287.19 up 9.14, alongside 10 public utilities at 105.23 up 0.08 and 10 Industrials at 103.33 up 0.19.
The federal surplus commodities corporation said it bought 32 million pounds of lard and 15 million pounds of salt pork for relief distribution and will seek further offers for smoked pork products. About 25 million dollars is expected to be spent on pork products under the food stamp plan in the new fiscal year starting July 1.
State gasoline tax receipts for May totaled 1 653 528 dollars, the second highest monthly figure in the 16 year history of the tax. Treasurer W G C Bagley reported that only June 1939 showed a higher total at 1 744 966 dollars. The tax rate remains three cents per gallon.
On Wednesday Judge C J Hans halts an execution sale of real estate owned by Jerry S Dedek. Dedek asserts Anna Kudina procured a levy under a $948.13 judgment against Charles A Dedek and Frantiska Dedek dated March 12. The plaintiff seeks decree of no lien and permanent injunction with Anna Kudina and Sheriff James H Smith as defendants.
Sam Gay, 39, Negro, of Knox ville Tenn, was held in Linn county jail Tuesday on a vagrancy charge. He said he received neck wounds during an argument with hoboes near the Beverly jungles last Friday and was treated at a local hospital before being transferred to jail by Deputy Sheriff Larry Condon.
A $3,000 settlement ends a $10,000 suit by Mildred F Barnes as administratrix of Claus A Barnes estate against Robert L McBride 20 of Cedar Rapids. The case was dismissed with prejudice at plaintiff’s costs before Judge C J Haas on Tuesday. The petition alleged Barnes died after being struck by McBride’s car on March 16 while crossing First Avenue at Twenty seventh Street E. Get Insulation Estimates Linn county supervisors tabulated attic and roof insulation bids. Home Insulation of Cedar Rapids quoted 2273 dollars and Biddick Lumber of Marion 2225.60 dollars. Union Insulation of Marion offered 1491 to 1663 dollars depending on material. Estate Objector Overruled Dorothy Louise Randolph Davies’s objection to the Merchants National Bank’s final report as executor of Dorothea Mildenstein estate was overruled after a hearing. She had revoked a written proposal to accept two notes of C C Randolph to apply on a legacy.
Judge C J Haas approved the 27th and final report in the receivership of Linn County Savings Bank Center Point. The report shows final dividends of 1.651 percent to depositors and 15.9 percent to general creditors. Receiver D W Bates and examiner-in-charge D A Conwell were named.
The sale of a Coggin property two story frame building to Mrs. Julia Orr for $200.13 is noted along with tax and assessment costs through June 1. A Chicago truck driver, Walter Padziora, 26, serving a 90 day sentence for DWI failure to pay a $300 fine, was paroled until next Tuesday to resume sentencing. his wife is ill in Chicago. D W Bates, receiver, authorized to sell two lots in Mound Farm addition for $350. Theft of 20 White Rock hens reported near Center Point. Linn county courthouse to close Thursday for Memorial Day.
Davenport report says Rock Island Arsenal invited bids from private manufacturers for 416 37-millimeter anti-tank gun carriages to be completed in 360 days. Col. Norman F. Ramsey set bid opening for June 12. York Safe and Lock Co of York PA placed a $819,500 order for 350 carriages in 360 days, as a forerunner to a larger expected weapons program.
OELWEIN Al Shipley 74 was fatally injured late Tuesday night after being struck by a car driven by 18 year old Louie Maillie. Shipley died in hospital. Maillie was held blameless. Funeral services set for Friday at Hintz chapel.
The Cedar Rapids Gazette publishes want ads with deadlines 12 noon for same day and 2 pm Saturday for Sunday editions. Ad takers accept by telephone mail or in person at The Gazette office. Eastern Town’s Lesdine Wasnt Ad Medium Diel 2-1121.
Old classified column offers ambulance service contact, moving firms Allied Van Lines and others, furniture cleaning, watch repair, painting bids, graduation gifts, insurance like debts, and various home services. Notable entries include Allied Van Lines 1 000 vans, Kriz Tent & Awning, Vincent's Jewelry, and Chas Smith disclaimers of debt.
More than 30 state liquor store managers met at the Roosevelt hotel in eastern and southeastern Iowa, led by M. L. Curtis of Knoxville, to discuss store control issues. He warned employees not to participate in political campaigns as required by state law. Century Distilling products have seen sales suspended after a recent probe linked to 20 sealed samples found on a Des Moines man, Younker, who pled guilty to illegal liquor possession.
City health officials posted placards on the northeast side warning of rabies in squirrels. The marked area is bounded by Eleventh Street NE Milwaukee tracks Elmhurst drive and Coldstream avenue. One definitely infected squirrel bit 11 year old Verne Thompson who is recovering.
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