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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 19, 1934
Page
13
Wall Street style prices show hog values climbing with top quotes around 465 for packers and 530 for top grades. The Chicago quotations list various bid ranges and futures across hog, calf, sheep, and cattle markets, reflecting a broad upward trend in local livestock pricing.
In New York the market showed a mixed tone with selective buying lifting metals and oils while packing shares held firm. US Steel and American Telephone were steady, while another wave of declines hit several miners and consumption stocks amid a generally narrow trading range.
Prices on the Chicago board of trade reversed losses as shorts covered and buyers returned. Wheat slipped at morning trading then finished near unchanged to higher. December wheat around 1 cent lower to 14y cents gain. Corn also rebounded after an early drop with May futures ~2 cents from season high as Liverpool weakness and rains in the southwest pressured and then supported prices. Receipts totaled about 13 cars with cash markets largely unchanged.
Treasury moves to collect millions in tax deficiencies from 100 corporations many denying debts and challenging penalties as executive overreach. Notable cases include Fisher and Company with 17.2 million and long list of wealthy holdings facing 50 percent penalties on net income. Other cited firms include Matson Securities DeMille Rands and Delaware Olmsted with multi year deficiencies.
The American Federation of Labor launched a direct campaign against five Republican senators Reed of Pennsylvania Walcott of Connecticut Fess of Ohio Hatfield of West Virginia and George M Bourquin Montana GOP nominee The AFL urged organized labor to oppose them in the November elections marking a new political activity precedent led by AFL President William Green.
NY bond market showed mixed moves with Treasuries slipping and corporate issues gaining. notable activity in rail and steel stocks as investors eyed industrials. English House of Lords composition listed with 738 members including royal peers and archbishops.
Four California Supreme Court justices urged Gov. Merriam to commute the death sentence of Charles Tedesco a penniless cobbler convicted of murder by circumstantial evidence akin to the Lamson case. The plea signals unprecedented court action to save Tedesco from execution in San Francisco.
Sir Charles Kingsford Smith completes final checks for a dawn Saturday takeoff on a hazardous transpacific journey to the United States. He will fly to Brisbane, then Suva Fiji Islands, Honolulu, and on to San Francisco.
Morgantown West Virginia United States News Service reports the West Virginia University board announced John W Davis of New York 1924 Democratic presidential nominee would be offered the presidency after Dr John Roscoe Turner retires December 31. Davis is a Clarksburg native.
Manila reports indicate the Tuesday typhoon caused fifty or more deaths and missing persons as belated coastal town reports arrive. Arthur Fischer, head of forestry, oversees parkway restoration and plans palm trees to replace fallen acacias.
A brief note reports Cedar Rapids implementing or considering an automobile toll in 1934. The compact item lists figures 273 and 2846 and a date or reference 12, indicating a toll schedule or related numbers without detailed context.
CHICAGO OP Michael J. Walsh Deputy superintendent of the water pipe extension department and former deputy coroner was shot to death in front of his home Wednesday Police said James Breen a 38 year old parolee confessed I did it because Walsh forced my mother and sister out of 8700 dollars Matthew Breen brother of James is sought on counterfeiting and murder charges James Breen had served fourteen years and nine months for murder police said his confinement may have affected his mind
A 20 year old Detroit youth named Edward Lickwala faces a ten year federal term for plotting to extort 5000 dollars from Edsel B Ford. He confessed after intense court proceedings as Judge Edward J. Moinet condemned the scheme noting the threat was not a joke. The defendant awaited transfer to Leavenworth to begin serving his sentence.
Six men from this district including three Cedar Rapids natives traveled to Des Moines with navy recruiter L. Du Four for enlistment. They travel to San Diego for twelve weeks of training before assignment to fleet ships. Enlistees: John Suchomel, George Forney, Harry Mentzer, Dale Swails, Donald Lundberg, and Robert Thompson.
Davenport district governor George W Robb told Cedar Rapids Lions members to be friends of boys. He urged taking socially handicapped youths on short trips and ensuring they have equipment for games to keep them busy.
At an Alburnett farm sale three miles northwest, a crowd of about hundreds formed a volunteer firefighting crew as a blaze engulfed the George Andrews farm including cattle hay barn silo and straw stack. Spontaneous combustion is suspected and the fire remained active by 1 p.m. In Independence George Reber 61 a local businessman died Tuesday evening after a short illness. Funeral was held Thursday with Anita Nealson of Waterloo officiating. He was born in Philadelphia and later lived in McGregor Oelwein and Independence. Survived by wife a daughter Helen Dukek of Philadelphia a son George Reber of Paterson NJ and two stepsons Arthur Kennett of Independence Elton Kennett of McGregor.
Burglars burned through two vault doors at the Gratiot State bank last night and escaped with 500 to 1000 dollars mostly in small change. The report notes a separate detail about London needing 588,797 new homes to house every family.
A flood of fragmentary ads shows a rummage sale at 190 F Ave NW and another at 1251 10th with items like coats sweaters suits and knitting, along with hosiery belts and cleaning services. Local shops offer school desks blackboards and lockers wholesale from Dodds. Various contact numbers appear for Engberg and Kenwood movers.
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