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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 04, 1932
Page
14
Chicago and other hubs report slower hog trade with demand lagging and light receipts failing to offset the drop. Chicago top at 4.10 with bulk 3.60 to 4.10. Cleveland, Pittsburgh, East Buffalo, and East St. Louis show 5 to 25 cent declines, totals listing regional receipts and representative sales across steers and hogs.
Cattle and hog prices mixed as markets show weak to lower tendencies across sizes. Calves and vealers steady to higher with light demand. sheep and lambs open weak though some prices hold. Regional quotes include feeder and slaughter classes with ranges for weights from 140 to 550 pounds and prices from 1.25 to 9.50 dollars per hundredweight.
Cattle receipts 6 000 calves 500 and sheep 8 000 indicate mixed demand livestock prices steady to weak. Fed steers and yearlings near 6 50 to 8 00 with select lots up to 9 00. cows and bulls across cutters and mediums vary 1 75 to 5 00. Lambs and sheep active with bulk range lambs around 5 00 and ewes up to 1 90. top clipping lambs around 4 85.
Receipts at Sioux City total about 2,000 cattle with slaughter steers and yearlings selling slowly and mostly steady to weak. hogs and feeder pigs show 10 to 15 cent lower bids with some lighter weights down. Sheep receipts around 1,500 with fat lambs steady to lower as packers bid weaker on most categories.
Prices from Iowa markets show ranges for various hog weights and grades. Listings include “best butchers,” packers, prime hogs, and good packers with price per hundredweight across weight bands from 140 to 400 pounds. Data reflects regional quotes and grade distinctions reported in Ottumwa and surrounding areas.
AP dispatch notes hay receipts at six cars, unchanged after a miscellaneous flour market lottery update. The report mentions prices for flour components and middlings but focuses on stable hay availability in Chicago.
Local market notes list assorted produce and wholesale fruit prices. Items include oranges California Valencias 3.50, sweet potatoes 1.00 per bas or 3.50 per barrel, celery 35 to 65 cents, apples Jonathon 1.50 to 1.60, Delici apples, and oysters priced at 2.35 for extra selects and 1.70 for standards. Also shows various egg and poultry pricing with hen and turkey values.
Wheat and corn secure firm gains on the market board as traders wait for the President's Des Moines speech. Cash prices are mostly unchanged with receipts around 21 cars for corn, 257 for oats, and 26 for rye. Provisions hold steady as Liverpool dips slightly.
Minneapolis cash grain prices list No. 2 hard corn and various yellow corn grades with values from 27 to 28 cents, No. 1 white soybeans and rye notes, oats and barley prices, and timothy and clover seed rates. Minneapolis cash grain details show receipts and bid ranges for wheat, with No. 1 northern at about 58 to 61 cents and May and Dec futures quotes.
Hog prices remain steady in the local market with Sinclair Hog Market and ALP Market reporting unchanged ranges. Choice hogs 140-180 pounds fetch about 4.00 to 5.00 per hundredweight, with 130-199 pounds at 4.00 to 5.00. heavier lambs priced by quality.
NY bonds moved cautiously as traders hesitated to engage in extensive operations. Grade loans showed limited rallies with 6s rising nearly 2 points in some transactions but not holding gains. Small issues from Peak Corp. Island St. Paul and others were in demand amid mixed appetite.
An AP brief notes Liberty Bond activities in York with sparse wording and limited readable detail about dates and figures.
Foreign exchange values rise as Britain and Germany adopt a new exchange API to streamline cross border trade. Officials cite improved efficiency and accuracy. Traders note quick settlement and clearer rate dissemination across markets.
Renewed buying in farm implement shares halted a brief selloff as prices closed near the prior day. Issued gains included Case up 2, Harvester up 1, with notable rises in American Telephone, U. S. Steel, Union Pacific, Westinghouse and Allied Chemical among others. Oil and copper shares were largely neglected and public participation appeared limited.
President Hoover arrives in Iowa City for a 1:30 p.m. stop to a crowd of about 10,000 as University of Iowa students and locals cheer. Mrs Hoover receives roses from Girl Scouts. band plays The Star Spangled Banner. He praises federal aid and nine foot channel on the Mississippi as Davenport crowds greet him before an evening Des Moines speech.
Live Mise helium: roosters at 11 cents. Heavy white ducks 11 cents. Broilers 10 cents. Russets Idaho at 1.05. Early season prices for South Dakota, Wisconsin, and Idaho items noted. Shipments tracked with varying bids and some missing details.
The record lists mixed average prices for poultry items including creamed products and net weights 26 to 28c per pound, with references to 4 pound cases and 8 17c freight terms. It notes easier market conditions and an express rooster freight line, with regional pricing and points net.
Chicago markets report futures activity for eggs and refrigerated storage standards. Notes reference October and November dates for standards and futures actions affecting prices and market expectations.
Judge H C Ring denied Earl J Wilson 25 a plea to set aside judgments that sent him to Fort Madison for three indeterminate 10 year terms. Wilson faced forgery counts in January 1931 connected to endorsements on Cedar Rapids company checks in 1930. A Ray certiorari action in a Wilson case remains pending in state supreme court.
Andrew J. Frame, 88, longtime Waukesha financier and former chairman of the Waukesha National Bank, died at his home Tuesday. Known as a dean of Wisconsin bankers, Frame served seventy years in the banking industry and remained active until recent weeks.
Marion news lists the Comforter division picnic at Charles Merke home with sewing afternoon. True Blue division to luncheon hosted by Rev. and Mrs. John M. Walters. Sunshine division meets at 2 30 p m at Oscar Martin home to sew. Loyal division host with program. Endeavor division members to picnic at H O Young home after contest. Gleaners meet at 2 30 with Miss Emma Courtney. Keystone division hosts all day meeting and picnic luncheon by Mrs Ernest Badham.
Funeral services for Mrs. R. R. Swan were held Sunday at the Yo com chapel with Rev. in charge. Music included The Old Rugged Cross and In the Sweet Bye and Bye. Pallbearers were William Edgar Courtland Edgar George Heaton and Frank S. Keith. Burial followed at Oak Shade cemetery. Mr. and Mrs. Frank Straley visited Chicago with their daughter Mrs. Robert Roach and family.
Several thousand farmers and sympathizers marched in Des Moines to protest agricultural and economic conditions. They carried signs blaming President Hoover with quotes about unfair prices and debt, while a movable float depicted corn field imagery and harsh price figures.
Cloudy skies followed light rains in Cedar Rapids with a total of 0.22 inches by 7 p.m. Monday. The thermometer fell from a Monday high of 71 to 49 by early Tuesday afternoon, dipping to 47 by 2:30 p.m. Tuesday.
Buffalo reports that Col. William J. Donovan of Buffalo and New York was nominated for governor by acclamation at the Republican state convention, Joseph C. H. Flynn of Brooklyn seconding the nomination.
The J. P. Cullen and Son firm of Janesville Wisconsin is cited as the low bidder for the Cedar Rapids post office project with a total of 476 884 dollars. Officials say satisfactory construction could lead to a contract for the Omaha federal building. The Cedar Rapids job is about two percent ahead of schedule according to reports received at the department.
Birth notices report twins Rodney Allen and Stanley Marvin to Mr and Mrs Frank J Kosek of Premont Nebraska formerly Cedar Rapids. daughter Joan Kay to Mr and Mrs Wolfern C Baylor of Chicago formerly Postville. daughter to Wes Maheck at Mercy Hospital with address 108 Sixteenth Street SE. son to William Scheel at 3108 C Avenue NE. son to William Mehaffey at 2053 Linn Boulevard SE. son to George Dietrick at 237 Thirty-fourth Street SE.
Local chapters of O E S elect officers Earl Edwards patron and Charles Ward associate patron. Birthday celebrations for Otto Hansen with guests from Cedar Rapids and Nebraska. Advertisements for dental and rental services. Knights Templar and various club meetings and charitable events planned with details on speakers and hosts. A busy week of sociables, fundraisers, and community notices across Marion.
The Woman's Missionary Study club of the Congregational church will convene Thursday at 2 30 p m at Mrs F S Skinner's home. All church women and friends are invited for a bank offering meeting with Mrs Josephine Whitacre leading the Korea study and a short program planned.
Mrs. A. L. Van Possen, president of the Marion union, represented the local unit at the state convention of the Wom... (text incomplete)
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