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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Nov 24, 1933
Page
13
Chicago market reports heavier demand and lighter receipts boosting hog prices with gains up to 10 cents. Cattle and sheep also show strength in Chicago and regional yards, with steady to higher quotations across the major pork, beef and lamb sectors.
Grain quotes declined Thursday as liquidation hit wheat, corn and oats on the Chicago Board of Trade. Wheat slid about 3 to 4 cents, corn fell around 2 cents, and oats eased by 1 to 2 cents amid weaker demand and easier sterling. Local and eastern selling pressured prices while cash markets showed softer bids and thin receipts.
Market notes show unsettled or unchanged receipts for cheese eggs and poultry with mixed colors and small price moves. Regional items include produce and freight costs, with steadier rates for live poultry and potatoes, while milk and dairy products show varied trends and some freight-related stability.
Local Cedar Rapids price notes show varied wholesale and consumer rates. Fruit vegetables and produce include California Valencias 3.95, Catarina grapefruit 3.75, lemons 7.00, apples Jonathans 1.65 per bushel, cabbage 7.00 per cent, celery 1.24 per dozen, and oysters half gallons. Market for hides fur and skins lists No 1 cured hides beet at 6.1c, calf tice 8c, horse 300 and 250 dollars, skunk 1.0 to 0.5 each, mink up to 300, muskrats 0.50 to 0.30, raccoon 4.50 to 2.00.
Chicago price quotes show various corn and oats grades with numbers and cents per bushel. Minnesota Minneapolis cash grain and futures references list bids and grade quality with stated percentages and seasonal adjustments.
A fragmented market report covers livestock receipts and prices at Minneapolis and regional cattle and sheep metrics, plus sugar and egg futures from New York. It notes hog and pig prices, bulk sales, and mixed cattle trades, with egg and storage standards futures moving modestly.
Prime hogs hold at 3.30 while good packing grades drop to 2.50. Calf market shows 130 to 190 pound animals at about 2.00 to 4.00. Sheep market lists spring lambs 70 to 80 pounds around 5.00 to 26.00 with quality affecting price. Buck jambs noted at 1.00.
The market edged down with metals and alcohol shares falling while industrials eased modestly. Leading issues including U S Steel and American Telephone lost ground as majors traded in narrow ranges. government bonds bucked the trend with a late rally amid subdued volume and no gold price stimulus.
Reinbeck residents Fogt and Thompson jailed on chicken theft investigation after barber Will Wagner reported missing fowls and a confession linked Fogt. In Manchester, The Cotton Pickers Minstrels rehearse for Friday show with Grange members and a large cast. Hopkinton funeral for Ella McCurdy follows long life on family homestead. Delta celebrates 59th wedding anniversary of Mr and Mrs Utterback with family present. Williamsburg residents injured in auto crash near L. J. Meyer home with mixed severity. drivers face hospital care and vehicle damage.
A large brush and forest fire northwest of Los Angeles burned 4 000 acres since Tuesday night, destroying at least a dozen homes and a winery. Damage was estimated at 4 million dollars with further losses over 100 000 dollars. Three thousand firefighters fought the blaze as smoke drifted over Hollywood and the San Fernando Valley.
Washington AP reports the administration left the domestic newly mined gold price unchanged at 33 76 dollars per ounce for the third straight day. London quoted 33 96 dollars per ounce with sterling at 5 40 12 to the pound.
Three people are dead and several wounded after rebel outbreaks in Cuba. Rural guards clashed with insurrectionists at Holguin for hours, rebels reportedly well armed. In Camaguey bombs exploded killing a child and injuring four. Troops raided cigar makers’ HQ, arresting fourteen alleged communists and seizing subversive literature.
New York bonds advanced mid session with the 128 government issues rising to 32 38 32 above prior closes as investors weighed policy tensions. Dealers noted subdued volume and narrow price moves while reports of federal agency funds flowing to governments supported credit.
County committee assigns board members for multiple counties listing members and towns including Muscatine Hedrick Agency Eldon Ottumwa Wellman Washington Wellman Crawfordsville Calona West Union and others in continuation of page one.
Special to The Gazette from Washington outlines early distribution of loan instructions and forms for 45 cent per bushel loans on warehoused corn via the OTTO credit corporation. Iowa will receive the initial copies and begin loans within days.
Paul R. Brace of Mount Vernon, 35, appeared before Judge H C Ring in district court on Thursday and pled not guilty to desertion of a minor child. Bond was set at 500 dollars. The information was filed by County Attorney G K Thompson and approved by Judge John T Moffit on August 24.
Los Angeles jury after eleven hours verdict in favor of Long Beach nurse Mrs. Trene Herbert against the estate of Col. J. B. Lankershim. The note for services as nurse and companion is deemed to be $500 with 7 percent annual interest from November 16 1931.
A jury in Cambridge Illinois convicted Fiorello Nebro Joe Binto and Robert Williams of the Osco State Bank robbery on November 6 The defendants Nebro and Binto are from Cleveland Ohio Williams resides in Osco Sentencing was deferred to hear motions for a new trial They were arrested in Davenport Indiana two days after the holdup in which 1125 was stolen Wisconsin authorities also seek the trio for the Madison Bank robbery on October 24
CHICAGO UP Samuel Insull once a midwest utilities magnate now living in Greece was deprived of the 21000 pensions he received from companies he formerly headed. Directors of four companies ordered the payments discontinued.
Four heavily armed men hijacked a Des Moines Transportation truck near Western Springs Illinois. They kidnapped two drivers Frank Osborne and William Newton from Des Moines. The truck carried 10000 pounds of butter and 18000 pounds of dressed poultry bound for Armour and Co. in Des Moines. Bandits blocked the road and drove the truck away to Berwyn Illinois.
Police kept a tight guard on the Wynekoop home as Dr. Alice Wynekoop faced questions over the death of Rheta Wynekoop. Investigators noted new insurance policies on Rheta and ongoing family tensions including alibis and letters found at the scene.
Kansas City companion Stanley Young testified that Wynekoop was with him all day Tuesday and returned to Kansas City with him on Wednesday. Young said they met in Chicago last Monday for a Grand Canyon photo trip and that Wynekoop may have had no time to commit the crime.
In Jeansville Wisconsin Miss Lee Joyce struck and killed a pig at night. She left a calling card and later paid Don Matthews who presented the card the next day for the pig named George J Roe. The transaction appears tied to a real estate Lot 11 Well Place Cedar Rapids marked by a $2500 mortgage of record and a payment of $1.00.
A 1931 Iowa refund scheme is exposed as fraudulent with Des Moines lawyers taking 50 percent fees on vague claims for gasoline purchases over five years. The probe alleges illegal refunds to oil firms for spillage and transit losses, totaling about 116000 dollars to two firms. Senators Irwin Harrington Knudson and Representatives Moore Cunningham Mitchell lead the inquiry.
Soviet Russia tentatively agreed to a cash payment to the United States covering the Kerensky debt and damage claims. Maxim Litvinoff heads to New York before Moscow to finalize terms. The exact amount and method await diplomatic clearance and congressional approval. Mussolini seeks Litvinoff for mediation between Russia and Germany in Rome.
London reports Walter Runciman warns France that Britain will retaliate against its 15 percent surtax on British goods if lifted. Britain may impose anti French duties on Dec 7 when tariff truce ends, as dollar weakness adds pressure on commerce.
Earl Quinn, condemned for the 1930 slaying of Jessie Griffith near Tonkawa, Oklahoma, faced execution by electric chair after midnight. His mother from Kansas City and his 12 year old brother awaited the body, as clemency efforts failed and federal relief petitions were denied.
Shipments of household washing machines last month reached 107,404, the highest October on record for the industry. This figure more than doubled the October 1932 total of 52,010. Automobile manufacturers shipped vehicles and parts valued at $96,066,842 to foreign countries last year.
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