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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 17, 1932
Page
10
Hog markets rallied amid sharp advances and stronger bids in Chicago led by live hogs and nearby futures. Traders noted improved demand on active buying across regions with hefty cash quotes and varied regional strength despite softer cattle and sheep receipts in the same report.
Prices weakened for wheat while corn and oats showed scattered selling on a dull session. Barley and rye moved with other grains as traders eyed tariffs and bank signals, with New York stocks mixed and a steady to lower cash market.
New York bonds and United States government issues showed quiet strength with Treasuries firming and a few rails posting gains. The Reconstruction Finance Corp offered a loan to Baltimore and Ohio to cover a $63.25 million maturity next March, while Feds signaled continued easy open market policy. Industry sectors including steel and electric output fluctuated with seasonal relaxation noted in week ended November 13.
Hogs strengthened on the local market Wednesday as all grades rose a dime. The lighter prime grades saw changes with the 180 to 300 lb hogs now commanding the top price of $2.85. Sinclair Hog Market Pryr Woes report provides partial figures. details are scattered in the column.
A fragmented Cedar Rapids market page lists prices for produce vegetables fruit meats and hides. Items include potatoes Jonathan apples standards cured hides and various wholesale prices with multiple figures and per unit notes.
Market notes show live poultry shipments of 34 trucks and various hens and turkeys with steady to firm prices. Butter creamery receipts rise with above normal demand, while cheese and sugar show mixed liquidity and firm to steady values across regions including Wisconsin Michigan Idaho and New York.
New York trading closed near session lows as heavy declines led by American Telephone and Union Pacific while US Steel Santa Fe and Case were down about two points. Macy’s tumbled over four points before a partial recovery as dividends and earnings influenced select issues. Turnover hovered near a million shares amid a largely professional, dull market atmosphere.
A miscellaneous Minneapolis flour market note lists shipments and prices for bran and other standards, plus a New York foreign exchange table showing cents per currency against Great Britain France Belgium Germany and others, including Argentina and Tokyo rates. The Chicago futures page shows butter and refrigerator standards with month quotes, reflecting storage standards and futures activity.
Funeral services for Everett Sportel of 1137 Fifth Street NW will be held at 230 PM Thursday in Beatty chapel. The Rev E F Austin will officiate and burial will follow in Linwood Cemetery.
The body of Edward K Bair, found dead in his rooming house at 309 Sixth Street SE, was transported from Beatty chapel to Mount Vernon late Tuesday. Private funeral services will be held and burial is planned at Mount Vernon on Thursday.
A young man faced charges after being linked to a string of incidents involving men disturbing women who advertised for jobs. He was detained Tuesday in the city jail and later released after county attorney Dan Hendrickson issued a lecturing session. investigators plan further action.
Philadelphia socialites Mr and Mrs G Harrison Frazier Jr and a maid were bound and gagged by two burglars in Ghostnut Hill. They were restrained for two and a half hours before Mrs Frazier freed them by burning her bonds with a match. The robbers escaped with 9000 dollars in jewelry and cash.
M C Larson of Farmers National Grain told an Iowa Institute of Cooperation gathering in Des Moines that Milwaukee brewers are ordering corn grits from Iowa for brewing. He and dairy leaders predicted that legal beer would harm agriculture, despite possible gains in barley markets and employment, with dairy sales likely to dip and workers facing competition.
Kansas City AP report notes champions at the American Royal livestock show including Junior champion Percheron Non Jubilante owned by F L Humbert and Son Corning Iowa with a mare age under 3. Other prize mares and Aberdeen Angus entries led by E L Humbert and Son. Three year old bulls calved 1928-1929 with Burgess Marshall JIT and Envious Marshall TJ top two year olds from Elliott Brown Rose Hill Iowa.
At the American Royal live stock show in Kansas City a carlot of yearling Hereford steers owned by Richard B Lacy of Kansas, Illinois won grand champion honors. Prizes totaled $3,200. The Kansas State College team won the intercollegiate meat judging contest, with Iowa State College finishing second.
Muscatine native C R Mus was named to the board of directors of the American Hereford Cattle Breeders association. The appointment was announced at the American Royal livestock show, marking fifty years since the group was organized to guard the blood lines of white faced cattle.
Cresco publisher and state representative I F D Mead died of a heart attack Wednesday afternoon at age 60. Mead, re-elected on the Democratic ticket in Howard County, left a widow and two sons Donald and George who are connected with the Plain Dealer published by the Morel family since its founding in 185.
New York AP reports the American Telephone and Telegraph directors declared a regular quarterly dividend of $2.25 a share on its capital stock, maintaining the $9 annual rate. The payout reflects the company’s stable earnings and commitment to shareholder value.
The Clinton Herald rejected Halleck Seaman's charges before a Chicago waterways hearing. It says it never took money from any party and has opposed inland waterways as a pork barrel scheme while supporting railroads as foundational to the nation's transportation system.
The U S Chamber of Commerce announced a searching inquiry into the agricultural situation to identify practical measures for rehabilitation. A special committee will lead the effort, meeting first in Chicago next Monday. Chairman General Robert E. Wood of Sears Roebuck heads the panel with Burton Freek of Deere in Moline and H A Wallace of Wallaces Farmer Des Moines among its members.
DES MOINES IA First filing of expenses in connection with the recent election were received by Secretary of State G C Greenwalt Wednesday They were Ray Murray secretary of agriculture elect 68 Thomas E Martin rep candidate for railroad commissioner 462 Judge Lawrence De Graff rep candidate for supreme court 100 FPPF Faville rep candidate for supreme court 225 Henry F Wagner rep candidate for supreme court 225 Richard F Mitchell supreme court justice elect 76 Maurice F Donegan supreme court justice elect 27
Moscow reports the Soviet government ordered the discharge of workers who loaf one day a month from regular jobs without a valid excuse. Loafers lose food cards and lodgings. previously workers could miss up to three days monthly.
J C France of Tipton files an amendment in Muscatine naming Norman Baker Investment Co as co defendant. He seeks 2,500 in attorney fees and alleges Baker deeded property to the investment firm to dodge creditors.
The town news notes church suppers and bazaars at Kenwood and First Evangelical, plus a chicken noodle luncheon. The city council held a special session to pass bills and payrolls. Linn encampment No 49 1.0.0 F meets at Odd Fellows hall. Former Supreme Court Justice John M Grimm to address Mount Hermon lodge No 263 on Past Masters Night with a 6 PM dinner and Master Mason degree work to follow.
At Marion high school auditorium a mass meeting backed the Hobson Choice check plan to fund the unemployment relief drive. The plan involves two cent checks per transaction with a weekly clearing, backed by local businesses, schools, and residents, to support Marion's unemployment relief fund.
Pleasant Grove Community club gathered Tuesday at the home of Mr and Mrs Frank Stevenson near Marion. They planned a December 13 Christmas grab bag at Mr and Mrs Carl Carvers home. Program included Iowa Corn Song, Lyle Manson cornet solo with Frank Flack Jr accompaniment, Weston Carver recitation, papers by Mrs J J Albaugh and Mrs Fred Brenneman, piano solo by Frank Flack Jr, a skit by Leonard Beauregard and Dean Kirkpatrick, music by Mrs Carl Carver and her children. Sixty four refreshments were served. Guests included Mr and Mrs Jesse Wilson Earl Wilson Mr and Mrs Frank Flack and their sons Miss Stevenson Mr and Mrs Wade Stookey.
Mrs Ida Hall spoke on Manchuria's three civilizations Chinese Russian and western at the O O P club meeting hosted by Mrs Emma Voris. She quoted from Owens Lattimore and National Geographic excerpts and noted upcoming meeting at Mrs J M Walters home November 29.
Miss Adeliza Daniels led a Theristrial club gathering at Mrs. BE Esgate’s home 1044 Tenth Street to review Pearl Buck’s Sons with an intro from Alexander Woolcott. Mrs. Esgate played A Chinese Serenade. eight members answered roll call with Facts About China. Mrs. Whitney to host next meeting.
The Marion Blue Ribbon Marines travel to Legion Athletic Park for a 2:30 p.m. Sunday game against Sigourney after Sigourney recently beat Valley Junction, which defeated the Marines. Werner Heck will captain the squad as a large crowd plans to attend the final home games of the season.
Danbury Wisconsin fire kills two men named Dr St Clair Darden and Frank Fritzer. Darden 40, head of Health Win hospital South Bend Indiana, died en route to Superior hospital after the blaze. Fritzer 52, furniture department manager in a South Bend store, died in the cabin. his body recovered after the fire.
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