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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 07, 1933
Page
4
An unreadable OCR fragment reports hog market activity with mentions of price movements 10 cents up and top values around 2.63 per unit. It references Sinclair Hog Market and Guanty Buck lambs with scattered figures, but specifics are unclear due to fragmented text.
Fragmented Cedar Rapids market notes show prices for hay straw and feed, assorted hens and poultry, fruit, vegetables, and livestock. Includes calf, steer, lamb, and hog price indications from Omaha livestock listings with scattered product names and unit prices.
In a wide range and nervous market on the board of trade, wheat fell from its highs while corn moved from modest gains to losses. Early buyers turned sellers toward the close as international factors and dollar strength shaped prices. Oats and other grains followed the mixed trend with local trading influence and steady cash quotes despite overall volatility.
New York markets closed Tuesday with legal holiday closings. Banks and stock exchanges in New York were shut. Chicago, Boston, Pittsburgh, and St Louis exchanges also closed. Other live markets and most produce markets operated as usual.
In 1933 Edsel Ford, head of Ford Motor, is likely to be subpoenaed to testify before the Senate stock market committee about Detroit bank failures. Other testified figures include J P Morgan and John J Raskob. Henry Ford is not expected to be summoned. The hearing aligns with probes into the Sinclair oil deal and Wiggin’s profits, with Senator Couzens signaling possible Ford testimony given his knowledge of Detroit’s banking collapse.
Reports from Sioux City detail threats of violence by anonymous pickets to recover Mares from the sheriff and to attack the courthouse. A bridge on the North Western railroad north of the city was burned as train traffic continued, amid wider farm strike unrest linked to Lawton car looting and staged blockades. Milo Reno condemned the violence while criticizing President Roosevelt and Secretary Wallace over agricultural price policies.
Announcement shows corn processing tax cut from 28 to 20 cents per bushel, saving about 960,000 dollars annually for local plants with 12,000,950 bushel capacity. Tax figures shift from capacity-based to per-bushel, affecting Quaker Oats and other local operations, with first month savings around 28,800 dollars compared to previous rate.
In London the dollar dropped to a peace time low of 4.92 per pound before rallying to 4.88. The franc closed at 81.25. In Washington the RFC raised the price for newly mined gold to 32.84 an ounce, up 17 cents, with 2.8 million dollars paid for domestic metal purchases. New York saw sterling surge against the dollar to 4.92, prompting talk of American gold titling in London amid European capital shifts away from the gold standard.
Funeral services Sunday at Yocom chapel honored Rev W A Hanscom with speakers including Rev John M Walters, Rev Fred Hanscom of Algonquin and Rev Arthur Brooks of Cedar Rapids. A large crowd attended as Military honors were given by Spanish American veterans and Marion American Legion. Burial was at Oak Shade cemetery.
Governors favor federal price fixing and marketing control with licensing for farmers and limits on how much each may produce. They criticize voluntary production plans and urge changes to Agriculture Department programs to curb market manipulation by speculators and secure farmer advantages.
King Victor Emmanuel appoints Benito Mussolini to lead the navy and air ministry after Balbo and Sirianni resign. Mussolini now holds six ministries including foreign affairs, interior, war, navy, air, and corporations, with seven ministries left unheld.
John Keno Keenan of South Boston, 29, known as Public Enemy No 5, was shot and critically wounded during a pistol exchange with an unidentified gunman in a Boston nightclub. Keenan fired back as he lay on the floor, but his aim was off. Police say he ran speakeasies and the slot machine racket. motive remains unknown.
The Supreme Court ruled the Interstate Commerce Commission has authority to compel state rail regulators to raise intrastate freight rates to align with the 15 percent emergency boost permitted for interstate shipments.
AP report states Fireman John King climbed a tree and crawled out on a limb to rescue a black cat trapped above. The limb broke and both man and cat fell. the cat escaped unharmed while King sustained a dislocated hip.
Mrs Leonard Taylor hosts a Thursday noon picnic luncheon for the Ladies Aid Society cabinet members of the Methodist church. Attendees include Mrs L C Rinard Mrs G A Hutchinson Mrs Willa Crane and many others with division chairmen and the Rev Mr and Mrs John M Walters and their son John. Members to bring menu apportionments sandwiches and table service. A business meeting will follow in the afternoon.
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